Mining
In June 2019, #ALT / #BTC pairs capitulated to the range lows just before the Fed cut interest rates. We find ourselves at a similar spot in June 2024.
Wouldn't short altcoins down here.
Many are hitting local breakdown targets.
Might get a mini bounce here.
Long term though. 90% of top 200 #alts are going to zero
Many are hitting local breakdown targets.
Might get a mini bounce here.
Long term though. 90% of top 200 #alts are going to zero