The most important crypto analyst of Real Vision, Jamie Coutts, leans Bullish on Altcoins despite the prevailing bearish sentiment.
Couts out That sentiment is “so bombarded”, as evidenced by the relationship between the equal dop weight and the weight of the market capitalization of the top 200 largest altcoins per market capitalization, which is at a low four -year low.
According to Coutts, the ratio suggests that some altcoins are about to a bullish reversal.
“Structural issues to invest in the activa class aside, where we are today are levels where you start to recover of high quality Altcoins in the past.”
Turn to Bitcoin (BTC), the most important crypto analyst of Real Vision out The fact that the market value for realized value (MVRV), a metric used to assess the average profitability of coins in circulation, suggests that Bitcoin has reached a cyclespiek in the fourth quarter of 2024 and that “we have to brace for the Bears market.”
According to For Coutts, various factors can determine whether Bitcoin Beerarish remains or resumes an upward trend.
“First of all, every cycle/regime is different. This time we have an American administration. [federal budget] Shortage – that creates more uncertainty and will influence dynamics in the future.
But is China/Europe today better off or worse off versus four to six years ago? This time they will probably have to do more and fill the void if the American treasury/federal reserve is more limited. “
The Real Vision Chief Crypto analyst says that although the MVRV -MVRIE suggests that Bitcoin has already reached the peak of the current cycle, much depends on global liquidity conditions. According to Coutts, Bitcoin can enjoy more upside down if the global liquidity improves, but can be prepared for a downward route if the liquidity is limited or falls further.
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