Can the altcoins return to their highs? Is there still hope for a breakout? Looking at historical data will tell you
Many people want to sell all their altcoins when Bitcoin reaches its peak. In fact, this operation is not necessarily correct
We look at the historical highs of the previous cycle. The historical highs of many altcoins were in May 21, not the peak of Bitcoin in November. In this round, the highs of many altcoins may be in March of this year. Take the exciting UNI as an example. The highest point was $45,519 on May 2. The second escape top position was $30 in August 21. At that time, Bitcoin rebounded from the bottom to just over 50,000. At the second peak of BTC at $69,000, UNI's highest price was $28. The conclusion is
1. The highest price of some altcoins may not be reached at the Bitcoin point, especially the hot ones that have been hyped, such as UNI and DOGE. This round of hyped Bitcoin ecosystem, various L2, respectively. 2. If you don't sell the altcoin at the high point, the second escape price will not be too good, at least there will be a 20% retracement, and many people who have just recovered their capital may even have a surplus. 3. The price high point of most altcoins is in May 21, not the highest point of Bitcoin in November. Most altcoins are in May, but in fact Bitcoin has not risen or even fallen in May. 4. The last altcoin dance interval and Bitcoin reached the high point at the same time, which may be the sector that has been lying on the ground before, such as the last round of chain games and NFTs.
Operational suggestions
1. Don't believe that Bitcoin has not reached the highest point yet, and the altcoin will set a new high. 2. Don't be obsessed with the highest point of the altcoin. It is already a very good result to get out of the trap or lose a little. 3. Give up unrealistic fantasies. For copycats, you must stop profit in time. Holding copycats for a long time is like looking for gold in 99.9% of garbage, because 99.9% will eventually return to zero, and the rebound will exceed 90%. 4. It is difficult for hot sectors to return to highs after speculation, and even the rebound strength is extremely poor. 5. Those sectors that have been lying on the ground for a long time and the depreciation of the new currency have a crazy opportunity.
