Bitcoin breaks 99000, when will the altcoin season come?
The price of Bitcoin has skyrocketed, breaking the 99000 barrier, causing a sensation in the entire cryptocurrency market. Everyone feels that it is a good time for a big increase. Bitcoin is making great strides, and investors and traders are now guessing when the altcoin season will arrive? That is when those small coins (altcoins) can also rise significantly.
Bitcoin and altcoins have a bit of the meaning of 'when you rise, I fall'. When Bitcoin has risen enough and starts to stabilize, everyone begins to move their money towards altcoins. Why? First, because they want to earn more; Bitcoin is rising rapidly, and small coins might earn even more. Second, because the market is becoming more mature, people are starting to pay attention to those small coins with potential or low market capitalization.
The signals that the altcoin season is coming, you need to pay attention to these several:
Bitcoin's status declines: If Bitcoin's status in the market declines, it indicates that money is starting to flow into altcoins. Altcoin trading heats up: If the trading volume and price of altcoins rise sharply, the altcoin season may not be far away. New hotspots emerge: When new things like DeFi and NFT become popular, altcoins also benefit from it. Social media buzz: On platforms like Twitter and Reddit, if a certain altcoin is gaining popularity, it may indicate a significant increase is coming.
Bitcoin breaking 99000 is a good omen, but when the altcoin season will come still depends on market sentiment and whether there is enough liquidity. If Bitcoin continues to rise, the altcoin season may have to wait, because everyone's money is still in Bitcoin. However, if Bitcoin stabilizes or slightly falls, the altcoin season may arrive.
If you want to earn more during the altcoin season, you should do the following:
Diversify your investments: Don't just focus on one coin, invest in several with potential. Do your homework: Choose projects that have a solid foundation, are practical, and have support behind them. Set goals: When you make money, you must withdraw it; don’t be greedy. Watch indicators: Pay more attention to Bitcoin's status and everyone's sentiment.
If you always miss the timing and are confused about how to operate, and want to learn to keep up, you need to meet one condition: you must have strong action ability; just do it, like + comment, and I will help you make big money!
