$BTC PAY ATTENTION-many alts barely dipped on this btc move from 60K to 57K, lets u know they've bottomed & if ya wanna load up, dont be shy! As for btc, i'd not be surprised to see it test 54.5K, but doesnt matter for me-anymore consolidation for alts wont be much in my opinion
There is a satoshi linked consolidation due to btc being the "satoshi reserve asset for the space," but after that, there is a networks organic bottom established-where nobody is selling. In my opinion most alts have reached that level or are "very" close to being at it. A further dip to 54K even 51K will mainly project onto $ETH & big layer 1's
In 2020 near halving-BTC dipped 54% within 30 days. In 2016 it dipped 24%, & 2014 dipped 35%. We are currently on a 23% dip now down from 73.5Kish, & goin off historical patterns-we cld be bottomed, or have room to push deeper. Either way, best value in the last year for majority of alts.
Enjoy discounts, if btc busts upward it will happen within days!
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