In my latest Bitcoin article I mention that the BTC pairings for the Altcoins will undergo a strong correction once Bitcoin starts to move... But this is only valid to the pairs that have been growing since May/June 2022.
You can read the full article below: Bitcoin $21,650 Followed by $26,420 vs Altcoins BTC Pairings
Now, the remaining Altcoins vs Bitcoin (ALTSBTC) pairs can grow, those that are hitting lows just now as we can see here on the ZENBTC chart. Also true for ZECBTC which I shared recently (check my profile).
There are now over 22,000 cryptocurrencies listed on CoinMarketCap, so imagine, there is always going to be a bit of everything with so many options available.
So we can make some generalizations but this won't apply to the entire market as every chart is different and should be treated separately.
ZENBTC is now turning bullish after coming out of a new low. You can see additional information on the chart.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.