The altcoin market led by meme coins will quickly experience a significant rebound after being caught in a correction mode in the past coupleof weeks. Increased worry of additional crypto capitulation setoff by the Bitcoin (BTC) cost drop listedbelow $60k on Monday, hasactually increased calls for a market rebound.
Moreover, Bitcoin’s day-to-day Relative Strength Index (RSI) has currently dropped listedbelow the 30 percent level, suggesting an total market. Additionally, Bitcoin rate has rebounded on the $60k level severally in the past 4 months.
Crypto Rebound Inevitable
According to the on-chain information analysis supplied by Glassnode, the worry & greed index has turned into worry. Popular crypto expert Ali Martinez has advised financiers of the well-known Warren Buffett quote ‘Be greedy when others are afraid and vice versa’.
According to CryptoQuant’s expert Yo