BTC reaching ATH, and how it will affect Altcoins.
some senior market analysts believe that investors may start converting their money from Bitcoin to altcoins and thus start the new altcoin season.
there are two possible scenarios in terms of altcoin rally.
1) In the first scenario, BTC sharply exceeds its previous ATH and its value rapidly doubles within a few weeks. Altcoins may not see significant gains as attention focuses on BTC during this rapid rise. Altcoins can only see a rally when BTC starts showing sideways movements after breaking its ATH.
2) As an alternative second scenario, BTC may reach the previous ATH level but face rejection or consolidation at these levels for a few weeks. During this period of consolidation, altcoins may begin to recover as BTC strengthens.
Later, when BTC continues its upward path and doubles in value, altcoins may rally along with BTC.
What do you think guys?
