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.
It is a normal scenario mate when whales of all kinds are wanting to bag funds , they will try to manipulate some altcoins to lure small investors and when they got enough value then they will dump so be careful on what you are entering inc rypto.
I think bitcoin is very good to hold in the long run, because bitcoin can be mined out and of course the price will potentially be very high, but on the other hand people won't wait too long for that to happen, so they prefer altcoins which has a much faster movement
If you know how the market moves. then that's what you'll do. Holding will prevent manipulator wo make a big action because there is no panicking that will happen and the market will be shaken a little only.