What will happen if BTC starts falling again from here means its trend becomes bearish and it again tests the $100K or below mark? This is possible but more possibility is only if altcoins complete their bull run first. We have seen that alts are just bleeding or still waiting at its all time low levels. But this is the crypto market here, anything can happen. It’s possible that BTC takes a sharp dip and returns to the $100K mark overnight. If it happens, it will not be strange because crypto market is extremely volatile.
Tʜᴇ Bɪᴛᴄᴏɪɴ Dɪᴘ & Iᴛs Iᴍᴘᴀᴄᴛ Oɴ Aʟᴛᴄᴏɪɴs
If BTC reaches its strong support level that is $100K then it will be around a 21% crash from here. Now think, what effect will this have on altcoins? Surely, all altcoins follow Bitcoin especially when BTC goes down, they follow it more strongly. More bleeds will be expected which will surely upset the investors.
You might have noticed that when Bitcoin goes up, other altcoins move slowly upside and when Bitcoin becomes stable, altcoins start pumping and when Bitcoin dumps, altcoins start dumping even faster. There’s a big mechanism behind this which I will explain in this post.
Whenever Bitcoin pumps, altcoins slowly follow it. The reason is investors’ main focus is only on Bitcoin. Almost 80–90% of the money flow is in Bitcoin. That’s why only BTC pumps first, and as long as it rises, the money flow stays in it. But as soon as it becomes stable and starts consolidating in a range that’s when the money flow starts shifting into altcoins or it becomes a time for profit-taking. It is also necessary to understand about the money shift is either towards alts or profit taking.
If the news is good or Bitcoin is testing a key resistance, then in such a situation, altcoins have more chances to rise. But if it suddenly starts falling, then understand that profit taking has started and in that case, altcoins won’t pump but will dump even more.
You might have noticed recently that when Bitcoin’s price was around $50K, BTC was in a strong bullish trend its price kept rising, then a consolidation phase, then again bullish, then consolidation That’s why altcoins haven’t shown any major pump yet. This is because investors focus is on Bitcoin and they are just ignoring the Altcoins.
Even now Bitcoin is bullish, and big institutions, whales, and organizations are interested in Bitcoin which can push its price even higher. Altcoins will move up slowly, but the real shift will come only when the money flow moves into altcoins and to understand that, it’s important to understand BTC dominance which will help you in your investments.
Hɪᴠᴇ Cʀᴀsʜ Oʀ Gᴏʟᴅᴇɴ Oᴘᴘᴏʀᴛᴜɴɪᴛʏ?
Now let’s talk about what will happen to #HIVE if Bitcoin’s price drops to $100K. I believe it will drop to around $0.10 – $0.12 which is about 35-40% dump. Surely, that’s a heavy crash but it’s also an excellent opportunity to increase your stake power.
Believe me, if I see #HIVE at $0.10, I will sell my valuable items and buy Hive. That price can help you grow your wealth, it’s a level where you can improve your financial situation, and after buying at that level, you can even become a miniwhale which is one of main goals.
So, never be worried when Hive dips. Instead, buy as much as you can, because every dip is a great chance for your wealth to grow. Hive is the best investment asset and that is because we have a best ecosystem which will help survive in every market conditions.
Recently, I bought 7000 Hive at $0.19, because it’s known as a strong support level and from there, price has high chances to bounce. I’ve already made a proper plan for those 7000 Hive, which you can see on my blog. My next buying point is $0.12, and I’ll keep buying until $0.10 which is strong support, and from there, a bounceback is highly possible.
I’ll keep accumulating in that range as much as possible. Because from there, the price will bounce fast and quickly reach back to $0.2 which will give me 2× profit instantly or in a very short time. Understanding such sharp dips is very important. If you understand it properly and invest accordingly, you can get quick gains.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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Hive rising stronger when BTC falls is something I can get behind! 🚀🐎
Its always been with hive, pumps starts when market is bearish