Whether Bitcoin can start a violent bull market after returning to the 70,000 mark remains an unknown.
Judging from the current market trend and volume, although there has been a rebound, it is not enough to directly start a violent bull market.
The market seems more likely to be dominated by shocks, and the box may fluctuate between 60,000 and 73,000.
ETFs (Exchange Traded Funds) are changing hands with traditional currency holders, and this process will take some time, so the violent bull market may not come until after the third quarter.
When will the season of altcoins come?
This usually happens in the late stage of Bitcoin's main uptrend.
If Bitcoin does not have the momentum to directly start the main uptrend, then the altcoin season is obviously not yet time.
For investors who want to build a position in altcoins, it is recommended to participate gradually at a low level, because the overall price of altcoins is not too high at present, which is a relatively safe time to build a position.
