If you look at altcoin momentum using the 200-day Moving Average, only about 6% of coins are trading above it right now. That's an extremely low reading in the history of tracking cryptocurrencies listed on Binance.
But having 94% of alts down while Bitcoin itself is trading above its 200-day MA creates a very attractive opportunity for crypto investors. Their capital is currently concentrated in the large caps, which just broke out of a long sideways move yesterday.
It's likely BTC will test the $100K level again soon, and its rapid ascent will probably slow down. That will push investors to "pick up" the lagging assets, which could trigger a pump in a number of altcoins. But you need to buy them today.
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