Expect the best, but prepare for worse scenarios.
Bitcoin peaks, altcoin plunges! Bitcoin continues to break records, but it also absorbs market share and capital flows. This causes most altcoins to remain stagnant or adjust in price. BTC Dominance has also risen to nearly 58%.
Michael Saylor remains bullish and buys more Bitcoin worth 1.5 billion USD. The market often corrects whenever Saylor purchases more, but it also spikes strongly afterward.
The positive point for altcoins is that ETH has surpassed the 4k1 mark. This is the highest level ETH has reached since December 2021 and is only about 18% away from the old peak. This could be a driving force attracting investment into ETH and leading the altcoin wave in the coming months.
Expect the best, but prepare for worse scenarios. If Bitcoin decreases in price while BTC Dominance remains high, it could be quite dangerous for altcoins. Have suitable contingency plans that align with your personal strategy.
In the event that BTC Dominance drops sharply, then altcoins simply go "TO THE MOON".
