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Doctor Profit Plans Gradual Longs in Some Altcoins as Prices Near Support

He said altcoins had fallen about 10% since he exited his altcoin positions when Bitcoin traded at $86,000.

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An unmarked metal token rests beside a low stone ledge / TokenPost.ai
An unmarked metal token rests beside a low stone ledge / TokenPost.ai

Doctor Profit said Saturday he plans to build long positions gradually in some altcoins, citing the market's proximity to support and very bearish sentiment as reasons for his planned approach.

He said altcoins had fallen about 10% since he exited his altcoin positions when Bitcoin traded at $86,000.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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