Bitcoin is experiencing a period of consolidation after a strong rally, but select altcoins may be preparing for a breakout in the coming days. Bitcoin’s dominance in the market has reached its highest level in 30 months, indicating positive sentiment towards the cryptocurrency space. However, veteran trader Peter Brandt predicts that new all-time highs for Bitcoin may not occur until the third quarter of 2024. The charts of the top 10 cryptocurrencies suggest that Bitcoin may face a minor correction or consolidation, while altcoins like Ether, BNB, XRP, Solana, Cardano, Dogecoin, Toncoin, Chainlink, and Polygon are showing mixed signals. Traders should conduct their own research before making any investment decisions.
