Altcoins Can Outperform Bitcoin: There Is Hope For The Bull

The recent recovery in the crypto market has led altcoins to outperform Bitcoin (BTC), drawing investors' attention. FxPro Senior Market Analyst Alex Kuptsikevich stated that Bitcoin found support at critical levels, and altcoins gained more significant momentum during this process. This situation could be pointing to future winners and is considered an exciting development for investors.

Kuptsikevich stated that last week, Bitcoin found support again at the $109,000 level. The fact that purchases from this level were higher compared to late August is considered a positive sign for bulls. The analyst emphasized that investors buying again from the same region increases confidence.

The analyst stated that the $108,000 – $118,000 range is critical for Bitcoin, expressing that the price is consolidating within this band. The local peak observed in September being lower than the previous peak indicates a decrease in market volatility. This situation could point to a preparation period before a strong breakout.

While it is wondered whether this early recovery in altcoins will be sustainable, it is stated that investors are carefully watching which direction Bitcoin will break out of the mentioned range. It becomes important for investors to develop correct strategies by observing market movements and altcoin performance. In the coming period, critical levels and market dynamics that need attention for successful investments await investors.