Why #Bitcoin(BTC) is Dumping 👇

The recent dip in Bitcoin's price is likely a result of profit-taking by early investors after its significant run from $15500 to $73700. However, it's important not to #panic as this correction was expected given Bitcoin's rapid ascent.

Interestingly, altcoins are holding up relatively well compared to Bitcoin, indicating that money is flowing from BTC to other coins in the market. Once Bitcoin stabilizes and finds support, it's expected to range between $60000- $72000

This period of #consolidation will give #Ethereum(ETH) an opportunity to shine, especially with the potential approval of a spot #ETF: in May, following Bitcoin's halving in April.

As $BTC ranges, $ETH is anticipated to break $5k and set new all-time highs, driven by the ETF excitement similar to what Bitcoin experienced.

This surge in ETH's price will likely instill more confidence in the market, leading to increased investment across high, mid, and low-cap altcoins, potentially triggering an epic altseason.

It's crucial to hold steady and be patient during these times, as the overall trend remains bullish for both Bitcoin and altcoins. Avoid getting shaken out by the actions of whales and focus on the long-term potential of your investments.

Thankyou.