Crypto analyst Jason Pizzino has issued a warning to altcoin investors, stating that the severity of a correction for altcoins will depend on how far Bitcoin dips. Pizzino predicts that if Bitcoin breaks down to $26,000 or even $24,900, it will have dire consequences on altcoins. However, if Bitcoin breaks the 50% level at $26,700, altcoins will continue to struggle and experience worse declines. Pizzino believes that a decline in altcoins will prompt traders to transfer some of their alt investments to BTC, which will help prop it up and lessen its downtrend.
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Crypto Analyst Warns of Dire Consequences for Altcoins if Bitcoin Dips Below Key Level
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