Altcoins Show Rare Strength Amid Bitcoin Downtrend: Expert
The post Altcoins Show Rare Strength Amid Bitcoin Downtrend: Expert appeared com. TLDR: Bitcoin down 24. 15% in November while altcoins (ALT/BTC ratio) rises 9. 44% this month. Daily RSI for BTC is lowest in two years, signaling deeply oversold conditions. Weekly RSI aligns with January 2023, daily MACD hits historic lows. Altcoin strength in BTC pairs indicates liquidity is rotating toward higher-beta assets. Altcoins are showing unexpected resilience as Bitcoin suffers a sharp decline this month. Data from Bull Theory shows the ALT/BTC ratio rising 9. 44% despite Bitcoin falling 24. 15% in November. Technical indicators suggest Bitcoin may be approaching a local bottom, with daily and weekly RSI at multi-year lows. This combination points to potential liquidity rotation toward altcoins as seller pressure eases. ALT/BTC Ratio Signals Market Shift Altcoins have resisted further decline while Bitcoin continues to fall. This pattern is unusual during sustained BTC drops. According to Bull Theory, the ALT/BTC ratio has quietly climbed even as Bitcoin remains under pressure. The last major divergence occurred months ago. Historical trends show this rise often reflects altcoin seller exhaustion. Heavy selling in October left altcoins primed for stabilization. Even as BTC trades lower, altcoins are gradually gaining upward momentum. This indicates early rotation of liquidity into higher-beta crypto assets. BTC technical metrics reinforce the possibility of a bottom forming. Daily RSI is at its lowest level in two years, signaling oversold conditions. Weekly RSI has returned to levels last seen in January 2023, while daily MACD is at an all-time low. These indicators suggest a potential pause in Bitcoin’s correction. Market dynamics typically show altcoins outperforming once Bitcoin stabilizes. Both BTC pairs and USD-denominated altcoins tend to rebound first. Altcoins breaking from their recent base could trigger stronger market reactions. Positioning resets and leverage adjustments historically amplify such moves. ALTCOINS ARE DOING SOMETHING THEY NEVER DO DURING A BTC CRASH. And it’s not.