Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Bitcoin vs Altcoins: Bitcoin Will Outperform Altcoins in Q4

CryptocurrencyOct 13, 2021 12:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Bitcoin vs Altcoins: Bitcoin Will Outperform Altcoins in Q4

  • Crypto trader shares his prediction for the BTC price over the next couple of months.
  • He says that Bitcoin is forming a double bottom pattern and a massive uptrend is imminent.
  • However, according to him, when this happens, it won’t bode well for altcoins.

Twitter (NYSE:TWTR) is once again in a frenzy over another Bitcoin-related Twitter post. In detail, the post analyzes Bitcoin’s price performance over the next few months.

The chart analysis comes from a known crypto and Bitcoin trader — Carl. His Twitter and YouTube channel are called The Moon, as that’s where he intends to take his crypto investments.

With over 500,000 followers on both platforms, Carl has made quite a name in the crypto social media space. Below is the video he shares via a tweet.

From the post, we know that the video talks about how Bitcoin is outperforming all altcoins at this moment. This goes in line with every crypto and Bitcoin analysts’ prediction of the price of Bitcoin surpassing $100,000 by the end of this year.

However, the difference comes in the analysts’ belief in whether or not altcoins will do well or poorly in relation to Bitcoin’s performance over the next few months. While some believe the price of altcoins will also go up along with Bitcoin like they usually do, Carl’s opinion differs.

In particular, Carl says that Bitcoin is forming a dominance on the charts. More specifically, Bitcoin shows a double bottom pattern which means the price of Bitcoin could very well surpass the next resistance level.

If this is true, and Bitcoin surpasses the next resistance level, then the Bitcoin community may soon be celebrating a new ATH for Bitcoin. According to the charts, Carl says that a massive pump for Bitcoin is imminent.

However, Carl believes that if this is true and Bitcoin breaks resistance or shoots up into an upward trend, then it could be very bad for altcoins. Although, he does add that this could also not play out as he predicts.

One of the reasons could be that the volume of Bitcoin isn’t as high to support a massive surge. Still, this does not make a huge enough impact to cancel out the bull run. If anything, it will likely slow down a little. All in all, according to Carl, a breakout for BTC is most likely and altcoins may have to watch out.

Continue reading on CoinQuora

Bitcoin vs Altcoins: Bitcoin Will Outperform Altcoins in Q4
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email