
CryptoDaddi|Mar 09, 2025 14:08
This is OTHERS.D AKA Alt Season
I don't speak in certainties but I believe we may see one more leg up before it all comes crashing down.
BTC is having a hard time getting any traction at the moment from buyers. Even on good news we are seeing -5% drawbacks on Bitcoin. Either market participants are wiped out or sidelined and new interested participants have no extra capital to deploy.
What's the easiest way to get market participants involved? Make charts look super enticing, then pump them up 2-3x before you've had a chance to blink. The same participants that were sidelined are scrambling for capital at every corner, even taking loans out to be in this market. That's how they get you.
The way to tackle this & make money is to understand that you need to have risk to be exposed... but the exposure also comes at a risk.
Alts have not performed exceptionally well against king BTC & rn there is NO indication that this is changing. Bitcoin is in the mainstream media, being considered as a reserve currency +++
However, as stated above. At the current moment in time there is not a piece of news that could come out that would send BTC over 100K in the immediate.
I believe the market knows that it needs the crypto market to start producing some "winners" again. What better way to do that than with a market they still entirely control outside of king BTC.
Shoot, there's a even a good chance that the president & his friends send TRUMP to new ATH to show the world "Hey look, we did this together. MAGA."
ETH currently printing a double bottom & certain altcoins look really really good. Let's see if we can NAIL another one of these moves on OTHERS.
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