- Bitcoin’s latest fall in price still leaves it in dominance over altcoins.
- Several altcoins show bullish indicators for major gains ahead.
- Altcoin XBorg (XBG) shows the potential of 4x pump this altseason, can it hit $1?
Bitcoin’s latest plunge in price from the $102,000 price range to $95,000 has hurt the market sentiment. According to the Crypto Fear & Greed Index, the sentiment has fallen to the ‘Greed’ zone with a score of 70. This was a significant fall from yesterday’s score of ‘Extreme Greed’ with a score of 78.
Altcoins SHow Bullish Signals Despite Continued BTC Dominance
While Bitcoin Dominance still continues to dominate over altcoin dominance, analysts are shifting their gaze to altcoins instead. Historically, the peak phase of altseason in a bull cycle occurs in Q1 of the year following the Bitcoin Halving year. As we now enter the same phase, analysts expect a rapid pump in altcoins prices.
As we can see from the post above, one analyst highlights how the altseason pattern works. Firstly, he mentions how altcoins just went through a recent breakout which will soon be followed by a retest. He confirms that this is no cause for concern and price pumps will follow soon after the RSI reaches the trend line.
XBorf (XBG) Bullish for Altseason
While many altcoins are showing highly bullish signals, one that analysts are keeping an eye on the the moment is XBorg’s (XBG). According to the analyst in the post above, the altcoin is showing promising signs of replicating its prior breakout & run, but on a much larger scale. This marks XBG the potential to hit $1. The analyst says a 4x pump is very likely for the altcoin this altseason.
