Summary
- A Glassnode co-founder said a 'recovery in altcoins' is about to begin.
- He said that once this process is complete, 'Bitcoin (BTC) could reach a new record high'.
- He said investors' attention is focused as a 'November altcoin season' is anticipated.
On the 9th (local time), Negentropic, the account of a Glassnode co-founder, wrote on X (formerly Twitter) "The final shakeout is underway" and "When this process ends, Bitcoin (BTC) will head toward a new record high, and the altcoin recovery starting next week will lead into a November altcoin season," he forecasted.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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