On May 26th, renowned trader Eugene Ng Ah Sio shared insights on his personal channel regarding the current Bitcoin market dynamics. He emphasized that despite ongoing volatility, particularly within the altcoin sector, Bitcoin is exhibiting a robust upward trajectory. The cryptocurrency is currently making strides towards reclaiming the significant $110,000 level. Should this upward trend persist, traders may find favorable conditions for short-term and swing trading opportunities across various tokens. This scenario reflects the classic ‘wall of worry’ phenomenon, where early investors begin to secure profits, gradually allowing new marginal buyers to enter the market. As sentiment solidifies, we may witness a revision of upside potential for numerous altcoins, suggesting a reinvigorated interest among market participants.
Source: https://en.coinotag.com/breakingnews/bitcoin-aims-for-110000-as-top-trader-highlights-opportunities-in-the-volatile-altcoin-market/