Re: BTC holding it's own trend?

Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...

All the attention is on bitcoin right now, the same happened when the last bull market really took off, bitcoin began going up and then the alts did not moved up immediately but instead it took some time before they began moving, that does not mean that we are going to see some kind of bull market in the next weeks, but this is something we have seen before.

Actually due to possible EFT approval, it is very much obvious that people are taking Interest in Bitcoins. You can see the Bitcoin Dominance in the coin market cap and it is continuously increasing (Currently BTC Dominance: 48.4%)

maybe most of the trader are focusing their attention to bitcoin because the bitcoin price now is at the lower price and still getting down in this week. and it makes the altcoin loss their price and gets down too deep. and maybe this will bring a good news for bitcoin itself because I think after this trends, the price can increase higher again and if this continues, the price will break the highest price more than before. but bitcoin still have many times to increase the price and it can happen in the next months.

The attention is in bitcoin due to the ETF, but it seems that is not going to get approved in August, I read that it may take until September for that happen, if that is correct then you need to prepare since it is quite likely that we are going to see the price of bitcoin move a little bit more than usual as people speculate if the SEC is going to finally going to approve the bitcoin ETF or not.