The “Alts buy signal” chart is flashing a buy signal, with a trader linking it to levels Bitcoin hit before its price surged sixfold over six months.
A prominent crypto trader believes altcoins might be in a prime accumulation phase, pointing out a buy signal that hasn’t triggered so low in over three years.
“Altcoins currently at the ‘sell your house to buy more’ level,” crypto trader Luke Martin told his 331,500 X followers in an Aug. 28 post.
The last time that the Alts Buy Signal neared this level was in January 2021. Source: Luke Martin
