"If ETH even sneezes higher, I expect this to just be up twenty-five percent one day,” he said, while cautioning that a transitional "negative twenty percent day” could precede the pop. WIF, for its part, is "slamming against the cloud,” on the cusp of its own TK cross.Having retraced from $4.80 to current levels, it offers what he calls "a great-looking setup,” albeit one where "the greed in me always wants an entry down here”—a reference to a hypothetical bid parked at the cloud’s lower edge.
Dominance mattered enormously at the October 2023 bottom, and he suspects it will matter again once it rolls over. "Come May, June, I think we will start to see the outperformance of the altcoins,” he predicts, but he tempers that with a blunt reminder: "It hasn’t made sense to sit in these BTC pairs.” The exception is Solana’s BTC chart, which mirrors the USD thesis with a half-formed inverted head-and-shoulders and a cloud target significantly higher.
Bitcoin’s resilience above the psychological $90,000–$95,000 level, an unexpected surge in stablecoin issuance and a swarm of textbook bullish patterns across large-caps and meme names have converged to create what veteran chartist Josh Olszewicz calls "one of the cleanest multi-asset breakout tapes we’ve seen since late 2023.” Crypto Bull Run Back?
The story "Best Altcoins To Watch In May: Breakouts Are Brewing, Says Crypto Analyst" has 1044 words across 80 sentences, which will take approximately 5 - 9 minutes for the average person to read.
Which news outlet covered this story?
The story "Best Altcoins To Watch In May: Breakouts Are Brewing, Says Crypto Analyst" was covered 1 days ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 5 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.