"Why can't altcoins rise?"
In the cryptocurrency industry, we not only make money, but also learn. So, take a few minutes to read this article and I will answer this question for you.
Now, the price of Bitcoin (BTC) is almost $100,000. At this price, altcoins should also benefit from it, but they are like slow turtles and just don't move. But strangely, when Bitcoin falls, altcoins suffer. Why is this?
The reason is actually quite simple:
Bitcoin is too strong!
Now, Bitcoin accounts for 61.44% of the cryptocurrency market. In other words, more than 60% of the money invested in cryptocurrency has been used to buy Bitcoin. If you have money in your hand, will you buy the coins that the big guys are chasing?
If altcoins want to turn around, they have to wait until the momentum of Bitcoin is over and starts to fall.
When? It is estimated that they have to wait until Bitcoin breaks a new high, stabilizes, or consolidates for a period of time.
At that time, money will start to flow to altcoins, because everyone thinks that Bitcoin's rise has reached its limit.
It was the same in the previous bull market. You can check it out yourself.
This will happen again.
When will Bitcoin not be so strong?
According to historical experience, about 60% to 65% is its peak. We are almost there, or we have already reached the top, who knows? Just wait for Bitcoin to start consolidating.
It must be uncomfortable to see Bitcoin soaring all the way while altcoins are standing still. But you have all survived the bear market, so you should have this patience. In the cryptocurrency industry, patience is the most important thing.
Soon, money will flow to altcoins. Take advantage of now and make a good layout, how about it?
Remember, good things are not afraid of being late!
This wave of callback will refine real gold, find a monster coin with a strong dealer and rising against the trend, and the next wave of high-multiple targets will be its performance! Announcement will be made when 88 likes and comments are reached!
