Bitcoin Forum

After trading towards the USD 13,850 level, bitcoin price struggled to continue higher. BTC started a corrective decrease and traded below the key USD 13,500 support. The price declined 5%, but it is currently (05:00 UTC) trading well above the USD 13,000 support.
Conversely, there was a strong decline in most major altcoins, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, and ADA. ETH/USD settled well below the USD 400 support, but it is holding the USD 385 support level. XRP/USD is testing the USD 0.245 support and remains at a risk of more downsides in the short-term.

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Bitcoin price

There was a sharp downside correction in bitcoin price from the USD 13,850 zone. BTC broke the USD 13,650 and USD 13,500 support levels to move into a short-term negative zone. The price even spiked below the USD 13,000 support, but it quickly recovered. It is now trading above the USD 13,150 level, with an initial hurdle at USD 13,300.
The main resistance for a fresh increase is now forming near the USD 13,500 level. On the downside, an initial support is near the USD 13,150 level, below which the bulls might protect USD 13,000.

https://cryptonews.com/news/bitcoin-stays-above-usd-13-000-altcoins-take-hit-8138.htm

It was good to see such a strong support level displayed at 13k. Once we dipped below I expected the price to tumble down to mid 12k’s or worse. I hope that over the coming days we could see the next leg up, IMm being greedy though :)

We are heading towards right direction as BTC is battling hard to stay above $13k when other altcoins have stated to tumble under pressure but there is another point of view as well wherein altcoin holders have switched to Bitcoin after the recent pump which has provided resistance against dump for Bitcoin and could possibly reason behind downfall of altcoins.

$13k is the new $10k as the support level is very strong, I actually did see the price goes to $13k and then it quickly bounce back to $13,400-$13,500 and I was surprised to see that fast recovery, so obviously bitcoin is really still on the accumulation phase. And as altcoins bleed and perhaps their is another shift again, dominance of bitcoin grows a bit, indicating that altcoin investors and probably new investors are getting into the bitcoin market. If we would see another big leg up or new all time high, it should be next year though. Short term we might rally and end up on the $15k-$16k before the end of the year.

Its not being greedy but we are eagerly excited to see those high levels once again.We've been tanking on this market for certain low price for a while now and maybe it isn't really that bad
to changed up things right now.

Im also glad that 13k support is pretty holding strong at the moment and we do need even more some catalyst which can drive or move the price way more higher.

For altcoins then it isn't something new that they would be in reds which its normal to think that people are making up some switches but still there are alts
that do came along with btc's trend.

What do you expect from altcoin market though? sooner or later the whole Defi hype will go down and that's what happen in the last week or so, then the continues scammers on that market stealing millions per hit. So investors are getting wise, better invest on BTC now, before it's too late.

For $13,000 support, yeah, it looks strong for now, and the price seems fluctuating but not going down below it, so it means that investors and the bulls are not willing to give up that support so easily and on the contrary, $14,000 is just around the corner.

Basically it goes like this. Bitcoin Pumps - > Alt coins dump -> Bitcoin Tops -> Alt coins pump -> Alt coins top -> Tether pumps and cycle repeats. This is what we clearly saw first hand in 2017-2018. Bitcoin started the year at $1K and went to $20K, and when it topped in Dec 2017, for some odd reason altcoins started to pump into levels we haven't seen before. ETH topped out at $1400 and XRP at $3.20. And later the ship started to sink.

I think the reason why this happens is because people want BTC when its rising and not alts, but when bitcoin tops they want to get into either fiat or alts. Alts are preferred if they are cheap, so people get into alts, then when alts pump, they sell into fiat because they know both alt and btc will dump and holding tether or fiat is safer. And history repeats itself.

"struggle" seriously? :D

price went up 20% in the past ~10 days and had a little correction after the $2500 rise and you think it is a "struggle". it is normal my friend and it is showing the healthy market. the drop is also called a "correction" which is currently sitting at $400 below the top it reached ($13860).

as for altcoins, it is the normal behavior whenever bitcoin rises or falls. we had both so on both cases altcoins have been dumping. now if bitcoin price stabilizes and remain in this range even for today we can see some shitcoin pumps for a little while until bitcoin starts moving up so they get dumped again.

As bitcoin price at the weekend, the bitcoin price will usually make a correction for a while because if we see at the market, the price is not increasing too high, but I don't think that bitcoin will stop at that price. Perhaps, in the next week, bitcoin price will start a rally to the high price, and if that happens, the price can increase and break $14k. Bitcoin price itself has a big chance to break $14k because, at the last time a high price, bitcoin price almost touches $14k. So the price will have more options to back to the high-level price, although we don't know when it will happen. Just make sure you are ready for anything that will happen.

BTC is generally positive while it stays within the weekly (https://talkimg.com/images/2023/06/12/AcKFq.png) average, its got great momentum considering so much doubt is in the market around political and pandemic worries.    We lost 2 day then challenged lower with a 3rd touch today, I dont expect it to be negative for the rest of this week.   Until any further action maybe next week it must be called positive while keeping buyers happy in general.   
  For long term gains I do think it has to challenge critical levels, theres always froth and hype in rising prices which will represent weakness and has to be taken out periodically but many people now believe BTC is some kind of safe haven from losses elsewhere, Im unconvinced we will be so simple to sit higher no matter the news and currency flows but its done well post March.
I noticed that after the 2017 peak, surprised me but its happened a few times I guess.

Even gambling sites slows down a bit during weekends,  :D so I'm not surprised if this happens to bitcoin as well as I've also noticing this kind of phenomena, may investors just want to take a respite and taking some profits. So I'm not surprised though, but the good thing is that it is holding $13k so let's see after this weekends and start of November if bitcoin has a big chance to break $14k.

I give hopes for the altcoins to follow on what Bitcoin has now because until now, they are still in red color while Bitcoin price keeps moving in an upward motion. If we keep this momentum, no wonder that we can be hitting for $14k in the coming days. But the dump is inevitable and therefore, we can't expect that it never happen nor the trend went so smooth going for the next ATH.

In regards to altcoins, that is a big challenge. 2017 both Bitcoin and altcoins rallying together but I see a difference this time, it looks like 2020 is not really a good year for crypto in general but just for Bitcoin.

It is not late for the season to my view because we still have two months to the end of 2020. In 2017, the price movement of bitcoin wasn't simultaneous with altcoins. Etheruem and very few others were those that led through with bitcoin. So I think the valuable altcoins would later start a bull run if it has commenced.

https://i.imgur.com/97tJERw.png

I am really looking forward to this another strong support for Bitcoin now. The $12,000 area. Before I believe the $10,000 is also the strong one when we are still ranging $10,000 - $12,000. But look at how Bitcoin broke that $12, 000 price level resistance last year and this August - September.
For now, I am not worried even we will feel a huge dump until the weekly close, as long for me, we will not drop below $12,000.

After bitcoin rally to $13,850, a correction is a normal thing in this market, bitcoin persist in a healthy bull market
Bitcoin price needs to hold the support at 13,200 for 24 h to continue the uptrend. The market sentiment still in the buy position.
Meanwhile, altcoins seems to take a deeper dip although it wasn't following the recent bitcoin rally, probably traders cash out to buy the dip of bitcoin.
However, it's a good opportunity to buy more altcoins in case of the next uptrend.

https://i.imgur.com/WNmLTTk.png

source (https://www.tradingview.com/chart/BTCUSD/Em3CidmZ-BTC-going-trough-retesting/)

actually it fell from down to $13,100 and i see the most affected one in this is Ethereum,climbing from almost $500 down to $380 things that very drastic this past week.
Good to see this graph

i think what we must have now is to wait a little more,since Bitcoin is showing strong in $13k level so we can t least be comfortable that we will not fall down to 10 or 11 k again.

I won't use the word struggle going through $14k as it seems to be negative for me. That's not a big matter though, it's just my perspective that makes it look negative to hear and read with the analysis but I have nothing against it. It came from $11k and passed to $12k so fast without too much obstacle.

The break through $13k is very positive to look at the performance of bitcoin for the past weeks. The correction is inevitable just like how inevitable it is to see bitcoin hits $13k. We will soon pass the $14k after these probably sets of correction.

$14,000 seemed a little harder to break even if the increase has already gained much momentum after breaking $12,000 and $13,000 quite easily. But that's not bad at all. There must be big sell-offs in the $13,800 level which caused the price to correct several hundreds, even pushing it almost below $13,000. But that was it for the correction.

What's happening right now is another ascent which is probably way much stronger than earlier as those who have made profit have already unloaded some of their Bitcoin before it even hit $14,000.

Altcoins usually go up with bitcoin ever since the BCH deal, that was about summer of 2017 and before that whenever bitcoin went up, altcoins went down because it was only bitcoin that got affected from the hype and others didn't. Ever since those days, people see bitcoin as a way to get involved with crypto, if bitcoin could x2 soon, that means another coin could 10x and that is why people moved to altcoins a lot during hype periods to make the most out of a bull run.

This time around it wasn't like that at all, it was more about how bitcoin went up because of a great news and doing great but people didn't see any reason at all why altcoins should go up too, it was nothing to do with altcoins so they didn't move to that. Hence I believe this isn't a forever thing but a situational thing.

Is that cycle you mentioned above is a real one that come from a research/data or just your own opinion/speculation?
If that kind cycle is really exist , people should have noticed it and find a way to make money easily through this cycle , it is not hard to understand.
There is no fixed pattern isnt it?
Altcoins get the pressure as a lot of holder cash the altcoin out and switch it to bitcoin as they see the rare momentum, this is general to happen.

We are already in a green part since the dump during March through April when Bitcoin hits $4k that time. We were lucky to have this opportunity when Bitcoin started to pump at $12k in the past months and now it finally breaks the long awaited $13k resistance to break. Although I'm not sure yet if Bitcoin would break the $15k or even the $16k this coming December.

We shouldn't really be that too confident even though we do saw that the price had rise up to 13k doesnt mean that it will go through to 15-16k. We won't know if we would stay into this level for a while and might see major movements again in next year. Im not really that expecting unless if we would see another big news that will happen. For now i have sell off my stash for profits and buying back when it comes a little bit cheap later on. Altcoins is always been good for alternative but be careful on choosing which one you should pick.

I don't think there is an element of luck here, this is how the market move if you are going to look at it's past historical logs. When the price goes down hard, bitcoin is so resilient that you will have to expect a good bounce months after, and even though the news of the covid-19 really tear the market in March, it has recovered and bounce back and then followed by the bullishness of the market, pushing to above $13,000 now.

Bitcoin resilient to holds the support above $13,200 for 24 hours makes it back to uptrend, testing $13,500 support and trying to break the resistance at $13,900.
Let's see what will happen in 24 hours if bitcoin manages to surpass $13,900 then the odds of hitting $ 15K-16K by the end of this year are more likely.

A few days ago, bitcoin drop to a lower level, but after it stays at that price, the price slowly increases, and today, the price seems to want to rallies and break $13,500. The investor will be happy if they see the price can start another rally at the end of this month, so the price will still increase when we are in the next month. Yes, I also think that in the next month, the bitcoin price has a big chance to break $14k, even higher. But we still need to prepare if the price drops or makes a correction because that will always happen after bitcoin price touches the highest price.

What is really strange about this rally compared to the best is this.

1) Bitcoin which was correlated strongly in the past with stocks, seems to have decoupled for some reason in the past week or so. Usually when stock market crashes so did bitcoin and vice versa. Very strange seeing this.

2) Usually when BTC makes new local tops, there is usually positive funding, however we have negative funding instead. What that means is that there are more shorts than longs on the futures markets. So seeing negative funding is very strange in a bull market like this.

Both of these are highly bullish and I am pretty sure we will break $14K pretty soon and maybe head to $15K soon.

Looks like within this week, Bitcoin managed to stay above the $13,000 price. That is a good sign for the people who are waiting for Bitcoin to go up.

$13,800 I think is the short term resistance for now since after reaching near that price Bitcoin made a sharp curve downwards towards the $13,000 price. The short term support right now is at the $13,000 price. I hope that Bitcoin will sustain its current price or we will see a sharp curve to the downside even more :D.

Indeed this is just a decoupling between the two and both of them will return to the normal in the next weeks or months. Its my first time to see these 2 markets decouple though (maybe it did in the previous years but I don't know).

Not only did bitcoin managed to stay above 13k, it also went from around 13.8k at its peak to 13k which looked like a correction or even a reversal but it appears to be above 13.5k which shows the world that the bull run is not over yet. That is a very valuable thing because whenever price goes down people who would buy stops and reconsiders buying and they really are the force that keeps bitcoin going, buyers who love it and will always buy are there, sellers who sell anyway like miners will always be there but if you can convince the "maybe I should" type of people that is the driving force behind the price.

If we are at 13.5k right now after all of this increase, I highly doubt that the price would go down anymore for the rest of the year neither, it is going to break over 15k very soon if you ask me, probably in November as well without waiting for December.

I wouldn't call it strange. It's just an indication that there are still lots of shorts to squeeze. Sentiment isn't totally greedy yet.

What exchanges are you talking about though? Bitmex dipped into negative rates for a short while a couple days ago but otherwise rates have been consistently positive. However we aren't seeing greedy positive rates like 0.05-0.1%, which often coincide with short term tops.


Indeed bulls are looking pretty relentless. Impressive. My own disbelief is a sign the June 2019 highs are probably about to be broken, but let's wait and see......

It was the Covid panic that brought down the market in March, but people are quick to realize the amount of profit that they'll possibly reap once the market recovers. Same goes to other market, though the stock market was heavily affected, but was able to gradually cope up.
That was indeed a very huge drop, and I wasn't even expecting Bitcoin to bounce back that fast, then I realize crypto market hasn't really been directly affected by the pandemic. And right now Bitcoin has been going strong since March.

Switch.

I think they are making profits now.
Sell altcoins, buy bitcoin. Make profits out of it then go back.
They are just waiting for the right time to sell. The hype from Paypal looks like it's calming down.
I bet anytime we will see an instant $1000 fall then it will slow down again.
Paypal buyers will be the ones left and it could be the reason why a new bottom will happen. If they will stay.

It all depends on supply and demand If we want to see some major changes in BTC price, when it comes to supply people need to rush to buy Bitcoin only then we can expect some changes.

I think we are already in green zone and that's why we are seeing some positive trend's in price else it would have gone down.

I think that's a better idea since Bitcoin is already congested that makes their mining fees go crazy. That PayPal hype is really making it hard to do normal trades especially sending some small BTC. Well, if the correction will start soon we'll be seeing the $12k at any moment but what I saw in the chart is it keeps pushing up but stays at $13800 level. This might drop sooner or later and I don't think it will ever try to break the $14k this coming November.

That's quickest the hype it burst. PayPal can't hold that long and that is actually the results.
I like the idea of selling Altcoins switch to Bitcoin but the problem if the market will tend to drop again to $10k, I'm not sure if he/she can able to hold it.

That is so unpredictable, the resistance level quite weakens this time. Can't even tell that we are able to hold at $13k, but then I have nothing to give up, and still optimistic for the positive gains as the adoption keeps stronger and wider.

I don't know if the post I've read yesterday is true but Does Bitcoin Hit $14,000 yesterday though Down again in a matter of minutes?
Am just curious if we have break another High this year and hoping to make it continuously till next year.
Buy Low sell High the market strategy and it seem Happening now,while many are not trusting Defi project so they are focusing in Bitcoin and other Altcoin that may bring them profit in short period of time.

It's been 6 straight days and the price of the bitcoin is still holding above $13,000 levels, the current price is in overbought period and for me it is considered as healthy because the momentum is still there. The only thing that I do not like is the 3 recent daily candles have wick in $14,000 which is considered as next resistance but there is small consolidation in below that level and anytime the price can breakout in $14,000 levels and it can became the newest support.

The altcoins are looking bad especially the XRP/BTC in my watchlist, there is a momentum there but the price is going bottom and for me it is not looking good because it is a bad sign. The ETH is still in sideways but I'm looking forward that the ETH can break the $420 levels, If that happens then I will buy and try to do a trend following there.

Looking at the prices of altcoins on the last 24 hours I could say that some of them are trying to recover from what has happened, which I can attribute to people seeing bitcoin increasing but feel like if they want to make a bigger profit they should be moving to altcoins which started this run. Obviously this is not all coins, this is just some altcoins and the ones we know and like for a long time.

For example, ETH is back around 390 dollars which is an important threshold for it, breaking over 400 would mean a lot of things for it, or litecoin finally going under 5% loss in a week as well, monero looking like it is going to break even level for the week very soon if the increase keeps up, even tezos which had one of the worst weeks is recovering a bit. I am not saying everything is back on green, because they are not for the week but the last 24 hours looks more promising for them.

Right, it is interesting that bitcoin has decoupled with stocks for some strange reason. The only reason I can think of is that even stock investors are moving to bitcoin market.


Please remember that we still have the US elections in the next coming days, $14k is a big barrier to break. But as others may have said, regardless of who are going to win in the next elections, bitcoin will most likely rally again, which means that the market is moving of it's own and is decoupling itself from the rest of global financial markets.

I think that since crypto has decoupled from the stock markets then the election result will have less impact as previously estimated. The markets are very erratic. Currently the stock market futures are flat and everybody was expecting a circuit breakers gap down day since UK went into lockdown.

So I think it doesn't really matter who wins, Bitcoin will do its thing pretty much. Plus if most of the market is betting that Biden wins, and when Biden wins people are assuming a stock market sell-off most likely the opposite will happen.

Currently there are way too many people which are bearish on stocks, especially with the down week that they had last week that many will most likely short it this week and it will go up anyways.

what's strange is your two statements!
bitcoin has never been "coupled" with any market, least of which the stock market in the past 12 years. of course people have always compared it with all kinds of assets but there has always been zero correlation between bitcoin and other markets.

the strange part is people who are confused about seeing what bitcoin has been doing for the past 12 years which is to move on its own regardless of what is going on in other markets!

The elections are not that further away and people already have one way or another idea of whats going to happen, they know whats going to happen if Trump wins and they know whats going to happen if Biden wins and they know the possibility of each candidate winning as well so basically there is not that much questions left at all.

I understand that just because one thing happened everyone wants a reaction but I doubt there will be a reaction, doesn't seem like possible to me. Like if trump loses, trump supporters will sell? Why? Doubt that. Or if Biden wins suddenly Biden supporters will start buying? Doubt that too. Nothing will change in few days, sure there could be some erratic movement that could be attributed to elections on the day, but that will be like few hours at most and nothing solid.

I would look at the situation with the US presidential elections from the other side and at the real impact of this event on the cryptocurrency market. We are not talking about the fact that after the victory of one or another candidate, their supporters will start buying cryptocurrency, because we are talking primarily about further policy regarding cryptocurrency and the cryptocurrency market of Trump or Biden. At least Until today, we have very often heard Trump's negative statements regarding Bitcoin and other cryptocurrencies, which negatively affected the cryptocurrency market.

Resistance is doing a great job in keeping the price of bitcoin below $14000. But I think it is hard to continue to stop the momentum. It has been more than 15 months since the last time we witnessed bitcoin at $14000. And according to my knowledge, 15-months is a fair amount of time for any big investors try to accumulate bitcoin in order to find a ticket for the next bullish run

About altcoins, don't know what to say but if bitcoin reaches $20000 or more, altcoins can not stay the same place forever, especially those coins in the top 20. And sooner or later, there will be FOMO which lures many many people to join this bull. Damn, can't even imagine how big this event will be. Consider covid-19 as an economic crisis, things will increase rapidly in the next 2 year

This year was a year of crypto bull because of the halving but the covid-19 is a big draw back and maybe if not for halving, perhaps bitcoin may stay down somewhere. I also believe that with the improvement in price so far, two years into the halving of bitcoin this year, the bull will fully come and including altcoins.

By the times of May/June of 2019, bitcoin prices peaked only up to $13,800 and never got power to test $14k levels. So, the last time we had seen prices around $14k was when the prices were falling from ATH by the first quarter of 2018. It has been more than two and half years since bitcoin markets traded above $14k price levels.

What is two years and halving? The next halving may happen by May month of 2024 or earlier to that also possible. Bitcoin market is slowly gaining momentum and it last up to end of next years (as per the four year cycle of BTC markets) and only after that you may see most altcoins may test their new ATHes.

Halving bring good movement for bitcoin but with altcoin community there are lots of new created hypes, bringing it more harder to choose which one

will deliver decent benefits, there are many coins that being dumped even those who are well known project that follows bitcoin are still unable to create

big impact, hopefully with bitcoin continue to pumped more alts will follow and start their own run.

I do own some altcoins although they are not performing well in the market I still thankful that Bitcoin is doing great in the market I have Bitcoin coming in my wallet monthly I am happy with Bitcoin performance now, there are a lot of good news coming, the impact of halving is now felt by in the market and we shall see Bitcoin at $15000 before the year end.

ahh, I understand. but I also feel that bitcoin still can't break the priority scale of the US government after the election, whether trump or biden wins, they still have a lot more things they have to do before entering into bitcoin regulation. Maybe there will be an effect later, but not in the near future, so I don't think there will be a strong influence from the election

It is not just about taking a hit, altcoins are acting strangely as well and they are really not making any sense at the moment with how high volatile it is. Bitcoin goes up and altcoins go down, bitcoin stays up and altcoins move up, bitcoin goes down and altcoins go down, there is really no correlation at this point and altcoins just do whatever they want.

Look at ethereum for example, it has seen as high as 405 dollars just a week or so ago, and moved all the way down to 375 dollars today, and not while this topic was started neither, it happened today, it reached 400 dollars literally just yesterday! So, as you can see everything is acting weirdly these days, it goes up and down like crazy, how did it reached 405 dollars down to 378 or so dollars, go above 402 dollars and reached back down to 375 dollars all inside just one week.

Looking at the chart at coinmarketcap, I noticed bitcoin big jump which wasn't followed by a similar jump in the rest of altcoins. It was kind of classic to see that!

I am sure all altcoin community and holders are waiting for altcoin season,
since 2017-2018 altcoins have decreased, yes, these 3 years, seeing the Bitcoin price above $ 13,000 I am very happy,
because there is still hope for Altcoins to rise again.

historically incorrect.
each time we see an altcoin season with a ton of new shitcoins that get a lot of pumps, the next dumping season is increasingly longer. i wouldn't be surprised if altcoins continued dumping in 2021 too.

additionally with creation of so many shitcoins, they have to first die to open up room for new shitcoins to be created and pumped. again historically that has been the case. the old pumped coins are replaced with new un-pumped coins that will be pumped instead of the old ones.

I was also waiting for the jump of altcoins but it seemed not to happen or not yet to happen. Jumped to $14,600 in an instant yet the altcoins which we have thought of going as the highways of bitcoin didn't do.

But if we'll acknowledge it, there were times before that the market was like this. Bitcoin's jump opposes the altcoins and vice versa and later, they will jump together.

Bitcoin definitely stays its price above $13,000 that it is now in a range of $14,900, so I think we are now getting closer for bitcoin to reach its ATH again. Sadly, as I thought altcoins would not follow bitcoin from its increase to its price, most of them are now dumping their prices because others are probably converting their altcoins into bitcoin to grab the opportunity.

Looking at the top ten coins right now and they are all green in the recent 24 hours for example, like I always say do not think that bitcoin and altcoins are ever doing the same thing over and over again, they are volatile currencies that will always change up what they do, they are not really doing all that well right now staying in one place which is why I believe it is quite important that we focus on profits while going up and purchase while we have the chance.

If you wait around for them to keep going down because bitcoin goes up, you are going to be sad, bitcoin went up so much in 24 hours but look at top ten coins, they went up too, just recently bitcoin went up but the altcoins went down, as you can see they always act strangely so the best course of action is always accumulating.

I have always thought of something, when bitcoin enters an uptrend, altcoins initially fall in price, but then increase because investors seek to protect their money, this happens just when bitcoin makes its first correction, that's when they buy more Alts because they know that when bitcoin goes up again, altcoins go up.

This from my point of view of my little experience in the market.

Unfortunately yes, there is.

But looking at that site which lists all the altcoins and defi even if they are absolute scams:


Let see, bitcoin going up more than the average, the forked clone is turning into a true failure, the defi bubble is about to birth even though they are printing coins. Music to the years of any bitcoin maximalist.


I wonder how long this trend can continue.
In the past and even right now it's pretty easy to turn a coin with a supply of a billion into a top50 coin by releasing only a bit of it on the market, manipulating the price, all the mumbo jumbo, but as the market grows and grows and if BTC hits the trillion level those coins will have a pretty hard time. Back in the time when BTC was at nearing 1000$ in late 2016, you needed just 3 mils of fake market cap to enter the top 50, now it's up to $275m, this can't go on like this forever. Or at least I hope!

I appreciate with your opinion. Everyone want to make profit by investing their money. Every investor wants to make huge profit. For this reason when Bitcoin price pump then they sell their other crypto currency in some low price to buy Bitcoin. For this selling system other coin price going low.

The wisest move imo is to hold your bitcoin, maybe buy and diversify your assets in non scammy altcoins since the difference in price is considerable between BTC and the other cryptocurrencies. Buying bitcoin at this point is risky in short term but of course in the long term it should be profitable.

I think there will be further detachment between Bitcoin and Altcoins in the future. It's hard to think of a single other cryptocurrency that has penetrated into the mainstream like Bitcoin and people will naturally flock towards things that they have heard about. Unless Paypal starts offering a wider range of coins, which is very possible, then the Bitcoin price will continue to rise independently of what other coins are doing. I think if you are heavily invested in altcoins, it would make sense to move some of that money into Bitcoin before it gets any higher.

Litecoin was launched in 2011, after Bitcoin's first bubble. Each time Bitcoin bubbled since then (2013, 2017) altcoins had a bubble too. Why do you expect anything different this time?

In terms of the amount of time these altcoin market cycles take, it's correlated with BTCUSD.


My experience in 2017: anything still listed on an exchange during the late bubble stage will eventually pump. It doesn't matter how old or useless the coin is. It will pump. That's just the nature of bubbles. The greed and hype know no bounds.

After the price crossing $15000 there is no big hit with altcoins. Most of the altcoins were growing along with bitcoin, which means there is intermittent growth with price being the same. This intermittent growth is good for traders. Probably this growth in altcoins of top list will continue along with bitcoin.

The USA election result is associated with the growth happening on bitcoin market. For some reason, even before the election the market has been moving upwards gradually.

People look at things daily way too much, they do not look at it monthly or weekly because that wouldn't be extreme enough to make a stance on what is going on, whereas it would be boring but correct to check it that way, but if you take a look at daily big moves you would definitely see something that would be extreme enough to be news and discussion worthy while not really being correct that much since daily moves happen all the time but changes after few days, so weekly or even monthly is a lot better.

Altcoins did dropped for a while that is correct, and it dropped last night as well, but when you look at weekly results, almost all of them are higher and they are doing very well. What this shows us that even though 5 out of 7 days were red days, that 2 green day made it all the way back and profited some.

can not be stopped anymore, as the parent crypto bitcoin will bounce and leave altcoin below with prices that will continue to shrink massively. indeed the altcoin hype will end, let alone defi as a newcomer, I don't think it will be able to move freely. The movement of bitcoin today seems unstoppable. towards $ 20,000 is just getting closer.

take hit dump ?, this is what happens now, when bitcoin is above $ 13000,
all altcoins are dumped like the beginning of last April, this is an unhealthy altcoin holder, and including me,
it's been a really tough day for me, hope altcoins can moon shot soon.

Looking at coinmarketcap we could easily say that bitcoin has increased incredibly high, getting very close to $17k right now and we also see that altcoins are breaking their yearly highs (even few yearly highs) so it is safe to say altcoins lacked behind for a while but they are there now. Obviously on the first days altcoins weren't reacting as fast as bitcoin because that is the first coin that everyone uses, but after bitcoin started to go up and stayed going up, altcoins took a hit first but realized it is a long term situation and joined on the fun as well!

So, I assume we are going to see a lot higher prices from both bitcoin but also altcoins and it will continue down this way. When we stop, bitcoin will be first one to fall but after that altcoins will fall later too.

domination is still high, to be precise at 65%, to be honest this will be difficult for altcoins,
only a few will follow Fomo from Bitcoin, so you have to be smart to choose.