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.
I believe that this year the growth of BTC is due to the fact that 2021 is the last year in the next cycle of the crypto market development. From this it turns out that 2021 should be similar to 2017, which means that the main growth for BTC and other cryptocurrencies will be at the end of the year. This is to deprive all of the assumption and certainly no one can know anything 100%, therefore all the actions that you take are in one way or another risk.
I also feel the bull market might have few weeks extension as against the early height some people expect or predicted. All eyes is on bitcoin and some can't imagine the senerio with the approaching hardfork of Ethereum and it's massive dump in value against BTC