Bear Market to Last Six Months? Top Altcoins to Accumulate Now

The post Bear Market to Last Six Months? Top Altcoins to Accumulate Now appeared first on Coinpedia Fintech News

Analyst Miles Deutscher addressed the current market situation, saying that the prevailing fear, uncertainty, and doubt (FUD) present an opportunity rather than a reason to panic. He explained that while many are asking if they should de-risk now, the time for effective de-risking has likely passed.

Now, however, with the market well into its decline, he believes we’re in the last third of the move, making this a poor time to panic sell. Instead, he suggests sticking to one’s convictions and holding firm, as selling now would likely be a panic move. 

The analyst remains positive, citing upcoming potential catalysts, such as Fed rate cuts, seasonal market strength, and possible global liquidity improvements. He also opened up about the possibility of a Trump presidency, which could reignite the sovereign Bitcoin narrative. Given these factors, he sees the current dip as a chance to accumulate, particularly in Bitcoin, and is making significant purchases accordingly.

When it comes to altcoins, the analyst is focusing on those showing strength during the market dip. He pointed out that Solana has bounced back strongly and explained the importance of identifying altcoins that not only recovered strongly but also had strong pre-rally performance and continued to command narrative mindshare.

He advises investors to focus on altcoins that are strong and likely to perform well in a market reversal. However, he also recommends caution, especially with larger positions in altcoins, suggesting that it’s wise to wait and see where the market settles over the next few weeks.

The analyst notes that the recent market move has been driven by a mass de-risking and liquidations, creating fear but also presenting potential buying opportunities. He remains cautious but optimistic, believing that in six months, investors might look back at this period as a significant opportunity.