I'm just wondering whether BTC has hit it's peak for this cycle. It's been trading sidesways 55k-60k for the last 2 months
while altcoins have rallied. From historical perspective, for those were in it in 2017, did bitcoin ever regain it's dominance after
altcoin season began. I guess what i'm asking is whether I should liquidate my bitcoin position and chase altcoins or whether
there is more room for BTC to go this year.
If bitcoin hit its peak, altcoins would be dumped by now. Fortunately, money just simply move out from bitcoin to altcoins. Moreover, the total marketcap of cryptocurrency has reached a new record so it means people are investing in altcoins a lot
Bitcoin has chances to increase more. However, focusing all of your portfolio in bitcoin is not a good idea cause it has increased more than 14 times since 2020. Investing in altcoins are proven to give you more profit in a short time. Therefore, why dont you split your current funds into half and invest the first half for altcoins? You will not regret this decision