Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.
But my only worry is what if it's one more bulltrap.
yes I agree that now is the time to reinvest in altcoins, because we can see a slight increase in altcoins so this could be a good sign that altcoins will increase and are heading to the moon in the near future. hopefully the altcoins trend will arrive soon and can give us bigger profits in the future because this is the hope of all of us.
I think we need to wait until Bitcoin price goes above 200 DMA which is around 47K then we will see stability in Bitcoin market and it can also trigger rally in Alts market. Current situation in Ukraine and likely increase in Interest rate in mid March will keep the market very volatile so we should wait some more time to take entry in Alts.