AI Tokens: Now or Never
AI tokens led a strong rally out of the August 5 lows, but will this rally "fail like all the others"?
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TLDR
- Altcoins rallied out of the August 5 lows to recover much of the losses seen over the red and/or choppy summer, with some ground given up over the last few days.
- AI has become a leading narrative out of the summer lows, and we look for another AI leg upward if BTC can hold the 58k floor it has set after yesterday’s drop.
- We consider 3 options for AI exposure if BTC holds the 58k floor.
- We also observe Nvidia’s earnings report today as a barometer for sentiment in the AI sector.
