Quote from: laredo7mm on Today at 11:57:43 AM

Quote from: Cointalk83 on May 06, 2021, 07:59:47 PM

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.

Money is flowing to altcoin because of decreasing BTC dominance. We may see more spikes on altcoin but at some points again BTC will pump and altcoin will go down. These happen in 2014 and 2017 as well. This cycle of alt season happens often in the crypto space and those who are in crypto from 2017 know what to do now and what will happens next.

Bitcoin is trying to refine and solidify its value, so we very often see uniform declines and increases from bitcoin, each time with such maneuvers, resistance and recovery points will become more rigid to limit the price of bitcoin from falling too suddenly. One definite result is that this energy dissipation will shift the leaked energies to altcoins, too many old altcoins have gradually returned to their worth but this is only a small part of bitcoin's cash flow, it is growing altcoins this way and waiting for a new season, the results of altcoin will shift entirely to bitcoin to improve dominance again.