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Why Altcoins Are Still In the Danger Zone
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A technical analyst warns that altcoins remain at risk until Bitcoin breaks the $120,000-$123,000 resistance. Current market conditions and sentiment suggest caution; altcoins typically underperform without Bitcoin's upward momentum. The analyst emphasizes careful risk management while awaiting key data and volatility shifts that may influence market direction. Image(s) are kindly provided by Unsplash Quick analysis of the situation Hello, crypto enthusiasts and daydreamers of digital dough! Let’s take a moment to discuss something that’s been on every investor’s mind lately: altcoins. Or, to be more precise, their precarious little lives hanging in the balance because of our old friend, Bitcoin. Now, picture this: you’re at a lively party (the crypto market, of course), and all the cool kids are gathered around Bitcoin, locked in a fierce debate about whether it can break through the tight window of $120,000 to $123,000. It’s like watching your favorite sports team at the champi...
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