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Notice that Altcoins are not responding quickly to Bitcoin pumps recently?
Historically, altcoins sometimes experience a price surge after Bitcoin establishes a new high and consolidates. This delayed response could be playing out in the current scenario.
What to look for?
While seemingly contradictory, a temporary rise in Bitcoin dominance can sometimes be followed by an "altcoin season" where altcoins outperform Bitcoin. This is because investors might take profits from Bitcoin and reinvest them in altcoins.
So, do not panic. Altcoin season is just around the corner 👀
Disclaimer: include opinioni di terze parti. Nessuna consulenza finanziaria. Consulta i T&C.