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, but this operation may not be correct
Let's look at the history of the last cycle
The historical highs of many altcoins were in May 21, not in November when Bitcoin reached its peak. In this round, many altcoins may never reach their highs again in March this year.
Take the hottest UNI in the last round as an example. The highest point was $45 on May 2
The second escape top position after 519 was $30 in August 21, when Bitcoin rebounded from the bottom to just over 50,000
When BTC reached its second peak of $69,000, UNI's highest price was $28
The conclusion is
1. The highest price of some altcoins may not be reached at the highest point of Bitcoin, especially the hot tracks that have been hyped, such as UNI and DOGE. This round of hyped Bitcoin ecosystem, various L2s, modularization
2. If you don't sell the cottage at the high point, the second escape price will not be too good, at least there will be a 20% retracement, and many people may have just recovered their capital or even slightly lost money.
3. The price peak of most cottages was reached in May of 21, not in November when Bitcoin reached its highest point. Most cottages were in May, but in fact, Bitcoin had not risen or even fell in May.
4. The last cottage dance segment 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.
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