🔗 Alternative digital currencies: between the peak of the past and the peak of the future 🔗
Altcoins charts, excluding Bitcoin and Ethereum, are currently showing clear trading at previous highs reached in 2021. These areas are pivotal as they are historically strong resistance, which explains why the market needs enough time to break them and move to new highs.
Similar to Bitcoin, which faced several corrections and declines during its rise to its all-time high in 2021, altcoins have gone through a similar scenario. Bitcoin experienced the strongest correction when it touched its old high, before continuing its march to unprecedented levels. Today, altcoins are going through the same journey.
📌 Conclusion: Patience is key, especially in this transitional period, as the market needs stability and confirmation of the breakouts before launching towards new highs.
