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.
Last year, Bitcoin was trading below $10k for a long period of last year until we reached September when the price moved to $30k and then $60k. The price can't go up forever without establishing new floor for the next run. One thing I have learnt in this space is never to bet against BTC, do so at your own peril