Bitcoin Takes Aim At All-Time Highs: What Does It Mean For Altcoins?
Posted On October 18, 2024
Crypto trader Smiley Capital shared insights on how Bitcoin’s (CRYPTO: BTC) potential expansion could impact altcoins in the coming months.
What Happened: The trader pointed out in a post on X on Friday that if Bitcoin breaks the $70,000-$74,000 range and begins its bull run, altcoins could underperform during the process. He sees the current BTC movement as upward but no longer leading or outperforming, forecasting that a surge to $120,000-$140,000 won’t benefit altcoins immediately.
He added that Bitcoin’s move into uncharted territory could pull liquidity away from altcoins, potentially leading to continued all-time highs for BTC. However, once Bitcoin’s …
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