The post Altcoins May Bleed Red in the Coming Days-Is Altseason Rammed to 2024? appeared first on Coinpedia Fintech News
Bitcoin undergoes a massive upswing and clinches above $29,000, breaking all the interim resistance. Meanwhile, the altcoins continue to trade with a minor upswing, indicating the flow of liquidity from the altcoins to Bitcoin. Now that the BTC price has received a magnificent bullish push as big players like Blackrock, Fidelity, Deutsche Bank, etc. have entered the crypto space, specifically Bitcoin, altcoins are expected to suffer more pain in the coming days.
Every price cycle undergoes multiple phases, which signifies diverse price actions and sentiments. The beginning and end of bull or bear markets are determined based on these phases. The investor’s sentiments also impact heavily on the value of the token as they undergo various phases like hope, belief, euphoria, denial, panic, etc., and many more. Currently, the altcoins in general have entered a depress
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