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Bitcoin Will Outperform Altcoins in Q4 By CoinQuora

© Reuters. Bitcoin vs Altcoins. Altcoins will be outperformed by Bitcoin in Q4
  • A crypto trader gives his predictions for BTC’s price in the coming months.
  • He claims that the double bottom is being formed and that a major uptrend will be imminent.
  • However, according to him, when this happens, it won’t bode well for altcoins.

Twitter (NYSE: ) has gotten into a frenzy again over a Bitcoin-related tweet. In detail, the post analyzes Bitcoin’s price performance over the next few months.

The chart analysis comes from a known crypto and Bitcoin trader — Carl. His Twitter and YouTube channel are called The Moon, as that’s where he intends to take his crypto investments.

Carl is a well-known figure in crypto social media, having over 500,000 followers across both platforms. The video below is what he tweeted.

We know from the post that this video discusses how Bitcoin outperforms all other altcoins right now. This goes in line with every crypto and Bitcoin analysts’ prediction of the price of Bitcoin surpassing $100,000 by the end of this year.

However, the difference comes in the analysts’ belief in whether or not altcoins will do well or poorly in relation to Bitcoin’s performance over the next few months. While some believe the price of altcoins will also go up along with Bitcoin like they usually do, Carl’s opinion differs.

Carl says Bitcoin is dominating charts. Bitcoin’s double bottom pattern means that Bitcoin may surpass its next resistance level.

If Bitcoin can surpass this resistance, the Bitcoin community could soon celebrate a new ATH. Carl claims that Bitcoin will see a huge pump soon.

Carl is adamant that this could prove to be true, and Bitcoin will break resistance or move up in an upward trend. This would spell doom for altcoins. However, he also said that it could not happen as predicted.

One of the reasons could be that the volume of Bitcoin isn’t as high to support a massive surge. However, it doesn’t have enough of an impact to stop the bull market. It will probably slow down, if anything. According to Carl, it is very likely that BTC will break out. Altcoins might need to be on the lookout.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.