Post
Topic
Board Altcoin Discussion
Re: Why when the BTC goes up the ALT goes down?
by
shantos carora
on 08/03/2021, 09:59:13 UTC
The problem with Altcoins is the dynamics of the cryptocurrency market today.  When Bitcoin rose rapidly, Altcoins fell as capital cycled back to BTC.  If BTC goes down, altcoins fall together, putting them in a precarious position.

 Basically, the key to the Altseason is the easing of the Bitcoin rally to give the market a chance to grow as that is where aggregate market volume is likely to spread again.

 However, December or January 2021 will probably be the Altseason.

 A strong sign of the Altseason can also be seen from the ongoing consolidation of the Bitcoin rally in the ETH / BTC pair, where these two cryptos are still the largest in the crypto market so that the sentiment from the technical side can be a strong psychological market reference for the potential Altseason.