Bitcoin BTC/USD is about to break out temporarily and leave altcoins in the dust, according to a closely-followed pseudonymous cryptocurrency trader known as Pentoshi.
What Happened: Pentoshi told his 284,000 followers on Twitter that Bitcoin’s temporary break out will also lead to new all-time highs and bring in new participants. He clarified that while he is a trader in altcoins — that are cryptocurrencies other than Bitcoin — he believes the alt season will end soon.
See Also: How To Buy Bitcoin (BTC)
Pentoshi also said the price of Bitcoin is showing strength on fear, uncertainty and doubt (fud) amid the regulatory crackdown in China.
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