Well we have different opinion about these happen now on why the bitcoin are in take $11000 for now and the altcoins are still drop.
But not all altcoins are drop to those only in top are moving or followed by bitcoin. And we all know it needs for bitcoin to rise up first before the altcoins be follow on it.
That is what we used to see, altcoins are usually following the movement of bitcoin and it became the basis if alts are going bullish. Anyway the market is high volatile and unpredicted so the price of coins can go up and down in a short period. Its like a roller coaster ride and though there are many predictions by analyst, still we are not certain is these are going to happen.
Ride safe with the market, make strategies and execute it properly by this we can get higher returns. Bitcoin was able to reach the price of $12,000 and that's a good sigh of a healthy market, rising again from the bottom price. Altcoins are also doing good today especially the DeFi projects they made a huge pump in the past months especially Chainlink. We see the progress, we invest on the progress so those who invested last quarter during the dump prices are now happy because of their earnings, predictions are meant to guide us despite of its uncertainties so stay positive.
It reached that level but it failed to stay above which means the support cannot hold because then sellers managed to overcome the buyers. Try to observe the altcoins, there is only small differences where the altcoins are just trying to mirror the price of the bitcoin. The Ethereum and Xrp are also consolidating, I'm surr that if the Bitcoin managed to surpass that level where it managed to hold then for sure the altcoins will also move and will also surpass the resistances.