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Bitcoin is pumping but your favourite Altcoin is lagging behind
Why?
Money is flowing FROM Altcoins INTO Bitcoin
The next resistance is at 58%, so another 5% market share Bitcoin could gain!
This is what happens in the early stages of a bull cycle - Bitcoin pumps first.
On the other hand, the Altcoin market cap is trading within a descending triangle
I won_t be going heavy on Altcoins UNTIL a break out from this triangle
There are some exceptions though. Some Altcoins have been outperforming Bitcoin, for example:
-Solana
-Injective
-Chainlink
-PEPE
-Aptos
Remember these coins! Early winners tend to do well in bull markets.
That_s all, have a great weekend everyone!