The question: “Why aren’t altcoins rising with Bitcoin?” has always been on the minds of many, so let’s shed light on this phenomenon and analyze it in depth. 🚀📉
Currently, Bitcoin is priced at $98,000, which reflects its strength in the market. 💪 But strangely enough, altcoins seem to be walking at a snail's pace 🐢, barely moving forward. Worse still, when Bitcoin's price drops, these coins collapse significantly. 💥
Main reason: Bitcoin dominance
Currently, Bitcoin's dominance is 61.44%, which means that more than half of the money invested in the digital market is in Bitcoin alone. 💰📊 This trend is natural because investors tend to trust the most stable currency that has wide attention, especially from influential figures like Michael Saylor. 🧑💼
But, when does the transformation begin? 🤔
Usually, this happens when Bitcoin hits new highs ⛰️ and then stops rising and starts moving sideways 🔄 or enters a consolidation phase. That's when investors start shifting their liquidity to altcoins in search of higher returns. 📈
How do we prepare for the next wave? 🌊
Watch Bitcoin Dominance: Historically, levels between 60-65% show a potential reversal point. 🕵️♂️ If we get close to these numbers, the next wave of altcoins could be just around the corner. 🏁
Be patient: Digital markets are all about patience and strategy. ⏳ If you survive a bear market, this should just be another learning opportunity. 📘
Conclusion
Ultimately, altcoins depend on market liquidity, and that liquidity will arrive in due time. ⌛ Until that happens, use this period to re-evaluate your investment portfolio 🛠️ and develop smart strategies to take advantage of upcoming opportunities. 💡
