Re: Is Altcoins Follow BTC Rally?

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

Almost all Alts depends upon the price of Btc. Btc price show the fear and confidence of investors in crypto. Usually when BTC Up then big alts like Ethereum,bnb, Dot,Sol etc are also moving upside and if BTC down other coins down so quickly. The best time for alts coins is when BTC rise and the. Stable for some week there then all Alts starting to reach ATH.
We may seen fake pumo in bear market but all will be for short time and will apply on Low cap coins

Most altcoins go along with the status of Bitcoin. Now that we're in a bearish situation, we can't expect that there will be independent altcoins that could rise up while Bitcoin is down. They are all Bitcoin dependent and we can't question that because Bitcoin is a top coin and is also known as the father of all cryptocurrencies. During the bullish season, most potential altcoins also pump.

This is how we've got our cryptocurrency market. As we're in the bearish market we weren't able to experience price rally on bitcoin. In between there is some positive moves in the market, and that doesn't last for longer time period. Maybe with time we can experience a good bullish move with the altcoins followed by the growth taking place with bitcoin. Based on experts prediction, this is the time for traders to make good profit as there is regular fluctuation.

basically the movement of bitcoin becomes a signal for the movement of altcoins that always follow it. and this happens because of the psychological factor of most people who believe in it and the high trust in bitcoin as the mother of cryptocurrency. until now bitcoin still dominates in cryptocurrency, even there are still many people who think that cryptocurrency is bitcoin. therefore if bitcoin experiences a reversal, then the opportunity for altcoins to jump higher