The recent “Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin-led blow-off top that sends crypto back into the troughs of a short-term Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin season to bring enormous gains in a matter of days once again. Life-changing wealth was generated, then lost as quickly as it arrived.

The spark to kick this off was supposed to be Bitcoin passing $20,000 but that feat came and went, and only now are altcoins popping off while Bitcoin has begun to downtrend. It has a top crypto trader “cautious” about a potential “blow-off top” in altcoins. And here’s why.

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Chainlink and Polkadot are beginning to eclipse Bitcoin | Source: BTCUSD on TradingView.com

Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>Altcoin price action continuing to fly while Bitcoin dives, could be a repeat of the conditions that caused the 2017 peak.

Related Reading | Capital Manager: Ethereum Will Double In Two Weeks Once ATH Is Broken

If this is indeed the top, it might be bad for Bitcoin, but altcoins could have another two more weeks left of momentum and gains before the blow-off top is complete and the rest of the crypto market turns around.

Is this trader right to be cautious? Or is