Bitcoin vs. Altcoins đ°
Let me break it down for you:
Right now, you still need to put in the effort to identify the best projects. Itâs the same story as the last two yearsânothing new here. đľď¸ââď¸
In the coming months, weâll keep seeing this pattern: Bitcoin's major moves drain the life out of the altcoin market, affecting roughly 95% of altcoins. Again, this has been the trend for two years now.
But hereâs the twist: every time Bitcoinâs momentum slows, risk-hungry investors shift their attention to altcoins. đ The momentum flows thereâuntil Bitcoin starts moving again, pulling back the spotlight.
This cycle will repeat over the next few months, until altcoins eventually outperform Bitcoin across the board.
When will this happen? Most likely, when Bitcoinâs momentum stalls over longer timeframes. Picture this: a multi-week or even multi-month sideways period where Bitcoinâs price refuses to budge.
Remember the frenzy during that single week of sideways movement below $100k? Now imagine a 3-month range around $150k (just as an example)âa huge momentum shift. âĄď¸ Thatâs when Altseason takes off. đ
Hereâs the current reality: itâs been less than three weeks since Bitcoin broke out of its 8-month range. Weâve got plenty of trends to go through before we see anything major.
Bless this market. đ It will either make you richâor break you. đ