I'm seeing some relative strength vs. BTC in some altcoin charts. Ethereum, Ripple, Stellar to name a few, steadily rising for the past month. Seems odd considering all the blood in the BTC market. I would have expected altcoins to fall harder.
Could that indicate we're close to a bottom in altcoin/BTC charts?
Is this guy onto something with his market vision?We must surely be seeing different charts. While Bitcoin has lost 20% from weeks staying at 10k or thereabouts, I have seen my litecoin slip from 77 to 55. Ether from 220 to 175. A little worse off for these old alts than for BTC but always to be expected and, probably just a reflection of how things always have been medium term for alt btc relations.
Even the same reality happens if we compare current btc price to 2019 ATH. Lost 40%. Same for alts hasnt it? Taking ETH example of 335 to 175 anyway.