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.
To my mind you had better diversify your assets between fundamental currencies like Bitcoin and Ethereum, altcoins and stablecoins that you can use when there are drawdowns, to average your price.
The thing is that when Bitcoin is falling, altcoins are falling even faster, so to protect yourself from this, you should diversify. But in case of a bull run, altcoins will definitely bring you much more money, as unlike Bitcoin they can increase by 10 times and more easily.