Bitcoin\u2019s recent series of upwards surges that have led it towards $7,000 have put the final nail in the coffin for the crypto\u2019s bears and have drastically altered the overall market sentiment for the better.<\/p>\n
Now, analysts are closely watching to see how altcoins respond to Bitcoin\u2019s recent surge, and many analysts believe that Bitcoin\u2019s rally may begin to cool-off, allowing the overall crypto markets to surge higher.<\/p>\n
Although the crypto markets have endured a long and dark Crypto Winter<\/a>, it now appears that Spring has begun, with Bitcoin surging to fresh year-to-date highs and multiple altcoins flashing bullish technical signals.<\/p>\n Although the altcoin markets have been caught in a bout of sideways trading ever since Bitcoin began its upwards surge, many cryptos have started climbing higher today, and analysts believe that many alts will soon incur an explosive upwards surge.<\/p>\n DonAlt, a popular cryptocurrency<\/a> trader on Twitter, spoke about this possibility in a recent tweet, explaining that he believes longing various altcoins will be more profitable in the near-term than trying to short BTC.<\/p>\n \u201cTo all the people trying to snipe the Bitcoin top by shorting it: Have you thought about longing altcoins instead? They’ve been \/ are capitulating and will very likely explode the moment BTC tops out. There is more money in that than shorting BTC in my opinion,\u201d he explained in a recent tweet.<\/p><\/blockquote>\n To all the people trying to snipe the Bitcoin top by shorting it:<\/p>\n Have you thought about longing altcoins instead? They've been \/ are capitulating and will very likely explode the moment BTC tops out.<\/p>\n There is more money in that than shorting BTC in my opinion.<\/p>\n — DonAlt (@CryptoDonAlt) May 11, 2019<\/a><\/p><\/blockquote>\n\n