Attention to altcoins!
The future trend of Bitcoin has three possible scenarios that will affect altcoins!
The first scenario is if Bitcoin successfully breaks through the key level of 100,000 and then drops, with a decline of about 5,000 points. In this case, altcoins are likely to initially follow Bitcoin and experience a surge of about 5%. However, once Bitcoin starts to retrace, your altcoins could suffer greatly, with a potential drop of up to 15%.
The second scenario is if Bitcoin fluctuates within the price range of 97,500 to 99,500. This presents a good opportunity for the altcoins in your portfolio. During Bitcoin's fluctuation period, altcoins have a good chance of significantly increasing, with a rise estimated between 15% to 35% (though not all altcoins will reach this increase).
The third scenario also deserves attention. If Bitcoin directly retraces 5,000 points from its current price of 99,000, the situation for your altcoins will be dire. Usually, when Bitcoin rises, altcoins may not react much, but once Bitcoin retraces, altcoins can plummet dramatically like a waterfall, with a decline of about 15% or even more severe drops for some altcoins.
In fact, in a way, such situations also serve to build momentum for Bitcoin's subsequent challenge of the 100,000 mark.
Everyone must closely monitor the changes in Bitcoin's trend, as any slight movement may affect the altcoins in our hands.
