Bitcoin reached already Resistance at 11.6k and failed for now. Can we predict an Altcoin recovery as soon as bitcoin corrects to 10k ? oR do altcoins recover first if bitcoin is stabilized?
I actually do not know if i should hold btc or buying cheap alts or waiting till alts start to recover.
i would appreciate an experienced answer.
It is not only Bitcoin's market valuewhich is falling but the majority of the market including altcoins. The bledding is continuous from the start of this year up until the present. This continuous dump made the market value of most cryptos to be downed as much as 60% of their highest market value last year. The simple solution is to just hold and wait.
The market is in a very bad direction and investors can set their own strategies to be able to go along and survive the same cryptocurrency market. I hope that the cryptocurrency will not stop here and its future is very good.