Post
Topic
Board Speculation (Altcoins)
Re: This bull makes all alts will make new all time highs
by
bixiiMaphi321
on 06/10/2021, 15:21:58 UTC
Not sure what this means in the long run, however, it is interesting to note that the altcoin rally seen over the past two weeks is just a prelude to a true altcoin season, which has yet to begin. To date, Bitcoin has remained the leading indicator for making decisions about the future direction of the entire crypto market, but history shows that periods of Bitcoin consolidation often provide opportunities for altcoins move higher. If the Bitcoin price falls back to $40,000 or below, most analysts would expect altcoin prices to follow suit. On the other hand, a rally above $48,000 is likely to push altcoin prices higher.