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A crypto strategist is outlining when he thinks a deluge of fresh capital will find its way into the broader altcoin markets.<\/p>\n
Pseudonymous analyst Credible Crypto tells<\/a> his 345,100 X followers that he\u2019s bullish on Bitcoin (BTC<\/a>) for now and in the coming months.<\/p>\n According to the trader, Bitcoin will lure the remaining liquidity in the crypto markets, causing many altcoins to lose value against BTC in the short to midterm.<\/p>\n \u201cFor as bullish as I am on BTC right now and in the coming months, I am equally as bearish on ALT\/BTC pairings. 50+% drops against BTC will be the norm, in my opinion\u2026<\/em><\/p>\n DOGE, SOL, PEPE and LINK\/BTC pairings are representative of what a majority of ALT\/BTC pairings look like at the moment. In the past few months of a consolidating BTC, most ALT\/BTC pairings have failed to break any significant bearish market structure and are teetering on the edge of an abyss\u2026<\/em><\/p>\n There is limited liquidity in the system and it will gravitate to <\/span>BTC<\/span>. 10,000 alts sharing liquidity vs, 1 Bitcoin, and it\u2019s easy to understand why most alts will bleed against BTC in this next stage.\u201d<\/span><\/em><\/p>\n Although Credible Crypto is currently bearish on the general altcoin markets, he sees them coming back with a vengeance once Bitcoin takes out its all-time high.<\/p>\n \u201cOnce <\/span>BTC<\/span> breaks prior all-time highs and new money starts flooding in, alts will start popping left and right, BTC dominance will begin to reverse to the downside for the first time in over a year and ALT\/BTC pairings will rise with a vengeance. I will be looking to shift some of my <\/span>BTC<\/span> holdings into the alts mentioned above.\u201d\u00a0<\/span><\/em><\/p>\n Credible Crypto holds<\/a> a contrarian view that Bitcoin will hit a new all-time high this year, leaving many traders on the sidelines.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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