Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally

“Altcoin investors need to keep the faith. It’s tough out there, but the underperformance of alts vs. bitcoin has been difficult,” Charlie Morris, founder of ByteTree, wrote in the report. “The good news is that positioning is light, and so when the good times return, there is the potential for yet another strong altcoin rally.”