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Altcoin Bottom Near, Early Investors Could Earn Huge Profits: Analyst
Altcoin Bottom Near, Early Investors Could Earn Huge Profits: Analyst
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Market sentiment for altcoins has plunged to fear levels historically associated with major buying opportunities. The Altcoin Index's drop below 25 signals potential for outsized gains, according to prominent trader Merlijn The Trader.
Historical patterns suggest current conditions mirror previous bottoms where early investors saw 10x returns. "Everyone's calling for lower, but 99% is always wrong," Merlijn observed, emphasizing contrarian opportunities when fear peaks.
Technical analysis identifies the sub-25 index level as a consistent launchpad for rallies. The current market setup mirrors conditions preceding past altseasons, where patient capital harvested exponential rewards.
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