Widely followed crypto analyst Criptopaul says he thinks a \u201cparabolic\u201d phase is coming to digital assets markets, specifically to altcoins.<\/p>\n
The trader shares<\/a> in his Telegram channel a Bitcoin (BTC<\/a>) chart overlayed with CRYPTOCAP, which measures the value of all assets in the crypto ecosystem excluding BTC.<\/p>\n Criptopaul notes how in late 2020, Bitcoin reached its all-time high slightly before altcoins started going parabolic.<\/p>\n According to the analyst, a similar pattern may be in play today, with altcoins potentially getting ready to explode following Bitcoin\u2019s recent touch of new all-time highs (ATHs).<\/p>\n \u201cRemember that. We are really in this stage.\u201d<\/em><\/p>\n The trader notes a similar pattern with Ethereum (ETH<\/a>) and Bitcoin.<\/p>\n \u201cETH, in light blue, it\u2019s not even close to its past ATH, just like there.\u201d<\/em><\/p>\n Looking at Ethereum in its Bitcoin pair (ETH\/BTC), often looked to as a bellwether for altcoin strength, Criptopaul says that ETH\/BTC has bottomed out after bouncing off a strong support level around 0.05.<\/p>\n The analyst says Bitcoin dominance, which measures BTC\u2019s market cap in relation to all other crypto assets, is also signaling altcoin strength.<\/p>\n \u201cETHBTC bottom is confirmed.<\/em><\/p>\n BTC D top is confirmed. It looks so bearish here.\u201d<\/em><\/p>\n At time of writing, Bitcoin is trading at $69,172, down 4% in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Ruslan Grumble\/PurpleRender<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Widely followed crypto analyst Criptopaul says he thinks a \u201cparabolic\u201d phase is coming to digital assets markets, specifically to altcoins. The trader shares in his Telegram channel a Bitcoin (BTC) chart overlayed with CRYPTOCAP, which measures the value of all assets in the crypto ecosystem excluding BTC. Criptopaul notes how in late 2020, Bitcoin reached […]<\/p>\n","protected":false},"author":2,"featured_media":35708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-281161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/281161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=281161"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/281161\/revisions"}],"predecessor-version":[{"id":281163,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/281161\/revisions\/281163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/35708"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=281161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=281161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=281161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2024\/04\/Screenshot-2024-04-10-at-17.40.35.png\")
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