Bitcoin $57,974 After exceeding $ 58,500, the price fell below $ 58,000 again at the time of writing. Since BTC continues to close above $ 57,000, some analysts think this is enough. So when will altcoins start to rise again? 3 different cryptocurrency analysts answered the questions that altcoin investors are curious about today.
When Will Altcoins Rise?
Known by the nickname Mustache cryptocurrency analyst He compared the current situation with previous cycles by looking at the Bitcoin market dominance chart. According to him, BTCD will soon start to ease and this is confirmed by historical data. It has been stuck in a downward triangle for 1 year. BTCD The analyst wrote the following for:
“BTC.D is still in a one-year bearish triangle. Divergences/divergences are allowed. The 3-week MACD has not yet crossed into a bearish crossover, but when it does, I expect an altcoin bull run like in 2017 and 2021. Patience is tough but the rewards are great.”
The second analyst is Kyledoops and altcoin rise iChina is focusing on what we need most, volume data. The softening of spot volume shows that bulls have been on the sidelines for a long time. This is causing negative market volatility with speculative selling. Kyle wrote that the decline has not reversed yet.
“Spot trading volumes were analyzed using the 90-day MinMax scaler, which ranges from 1 to -1 based on the maximum and minimum values of the period. The data shows that the momentum in spot volumes continues to deteriorate and highlights a significant decline in trading activity in the last quarter.”
Dogecoin (DOGE)
In Altcoins For a real comeback, large assets by market cap need to lead the way. While the positive volatility experienced by XRP Coin and some major cryptocurrencies in the past weeks is promising, it has not continued. Dogecoin 
$0.103922 This is why it can be useful to monitor the current outlook for assets like (DOGE).
The third crypto analyst, nicknamed Tardigrade, who shared the chart above, is emboldened by the RSI breakout and says that the DOGE price is preparing for an upward breakout. This is motivating when combined with the hopes for the last quarter, which is expected to be less than 20 days away.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
