Home CryptoMarket 5 altcoins that could be ripe for a short-term rally if Bitcoin price holds $19K

5 altcoins that could be ripe for a short-term rally if Bitcoin price holds $19K

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The S&P 500 and Nasdaq Composite fell to year-to-date lows last week, ending the week with losses of 1.55% and 3.11% respectively.

The scenario changes dramatically on October 17, with revenues, a season up, and a sharp policy shift by UK Chancellor Jeremy Hunt, leading to government plans to revise the fiscal package of his predecessor (Kwasi Kwarteng’s). Added details to. The value of the GBP and the near-liquidation of the UK pension system.

At the time of writing, the Dow is up 1.78%, while the S&P 500 and Nasdaq are up 2.57% and 3.26% respectively. Bitcoin (BTC), meanwhile, is well above its year-to-date lows, signaling short-term outperformance.

Some analysts predict that Bitcoin may be nearing a bottom. Twitter trader Allan said bitcoin’s monthly chart stochastic indicator reached levels similar to those seen during the 2014 and 2018 bear markets, signaling a possible macro trough. Said there was

Similarly, LookIntoBitcoin creator Philip Swift said in an interview with Cointelegraph that Bitcoin could be nearing a major cycle low. Citing various indicators, Swift said Bitcoin could face another two to three months of pain, but should start outperforming in 2023.

Some Altcoins Are Attracting Buyers As Bitcoin Holds June Lows. Let’s take a look at five cryptocurrency charts that are interesting in the short term.