A well-known trader in the crypto world thinks there are some good chances for certain altcoins once Bitcoin (BTC) stabilizes.
The pseudonymous analyst, known as The Flow Horse, shares insights with his Telegram followers. He believes that more liquid altcoins within the top 100 could offer solid entry points for buyers after experiencing a 50% drop.
For example, he mentions the cat-themed memecoin POPCAT. He says, “Just a gentle reminder that altcoins might dip a bit more if Bitcoin does. But after a big rise like this, the 50% retracement level on liquid top 100 pairs is often a great spot to buy. I recommend setting up filters and alerts for charts that are getting close to their 50% retracement levels. Popcat is a good case to watch.”
The Flow Horse also points out Celestia (TIA) and SEI as strong coins that are holding up well, even while Bitcoin is correcting and dragging many other digital assets down.
He expects BTC to likely consolidate below the $100,000 mark. This could lead to some money moving from riskier assets into altcoins.
“No matter what happens in the short term, here’s something to keep in mind about BTC: there’s no need to rush. In my opinion, BTC is probably going to take a breather before making any real move above $100,000. Ideally, the market will agree that we don’t need to worry about much lower prices just yet. This could allow some of the capital that leaves Bitcoin to flow into altcoins.”
As of now, Bitcoin is trading at $94,201.