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As DeFi Keeps Eating Bitcoin’s Lunch, Analyst Hints at How BTC Price Action Will Further Aid Altcoins’ Rally

At the moment, BTC is showing some stability as it is trading above a key support level. Interestingly, when major digital assets took the downtrend, smaller-cap Altcoins saw bullish price action.

BTC/USD Daily Chart

Altcoins Surge: DeFi Eating Bitcoin’s Lunch!

Analyst Hints at How BTC Price Action Will Further Aid Altcoins’ Rally

On the flip side, he sees that if BTC loses this key support, it may lead up to a decline as low as $9,900 in the days and weeks ahead.

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