Will Bitcoin's Surge Trigger an Altcoin Season?

in LeoFinance15 days ago

CANVA

Its good to see that Bitcoin is continuously rising and it reaches the price of $67K. We see that last month the price of #BTC reaches its all time high and even surpass $74K.

But it could not manage to keep this level and a healthy correction takes the price of Bitcoin down to $57K.

From the last few days the price of Bitcoin again started to recover and is again going to retest its all time high. It going to make a double top which will be a good sign to surpass its all time high and make another high.

Majority of the people are confused about the altcoins that why they are not moving even after BTC reaches its all time high.

One of the main reason is the BTC dominance and the large companies which are totally interested on BTC.

They want to invest in BTC because they are looking it more safe and secure. But according to my knowledge and thinking I will say that once BTC cross its all time high, other altcoins will start moving.

In simple words, Altcoin season is going to start right after BTC surpasses its all time high and its more probably that Bitcoin will make a new ATH.

Lets hope for best and hold tightly our holdings.

THANK YOU!

Posted Using InLeo Alpha