Is Altcoins Follow BTC Rally?

[DanielBroonze]

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

[livingfree]

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

You have answered your question about its correlation. There were times that it is correlated and there were times that it don't.

To answer your question as for your title, the altcoins will also follow bitcoin's rally. We don't know how long this rally will commence but it's usually coming after the btc bull run. Alts will start to take time of becoming bullish when bitcoin's done.

But as of the moment, there's no sign that bitcoin will stop.

[shinratensei_]

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

There are lots of the similar thread like this one and you can find a bunch of answer about that dude
https://bitcointalk.org/index.php?topic=5284606.40

The altcoin was pegged with bitcoin pair to determine its price and that means the altcoin will always follow bitcoin. Bitcoin is ruling the crypto market and any increase or decrease that happened with bitcoin will give a huge impact on the altcoins too.

[DoubleAweSeven]

Most coins/tokens are priced in Bitcoin so when Bitcoin starts pumping, so is alt. That explains why altcoins follow Bitcoin bullrun. You will even noticed that in most exchanges and even the majority of DEX.

[michellee]

Some altcoins follow the bitcoin rally, but not all altcoin can do that because the other altcoin needs to wait for the right time to increase. Maybe it is time for bitcoin to get a bullish trend after bitcoin is in the bear trend. It is good for us because we can make more bitcoin from the altcoin if we sell our altcoin in bitcoin pair altcoin. We can hold it until the bitcoin price breaks the next high price or sell it at the current price. The altcoin will takes its time to increase, no matter where the bitcoin price will moves.

[larus]

The whole market will follow BTC, however only big alts worth attention

[poodle63]

The correlation is kinda subtle and honestly there's no way to predict whether alt gonna moves up or down when BTC rally happening. Sometimes BTC dominance gets out of hand and crushes altcoins market as a whole and sometimes alt got pumped too. It depends on the cause of BTC rally.
Though sometimes there's an illusion where altcoin seems to be dumped while BTC is in bull run but in reality their value to USD stays the same you must aware of that.

[Shallow]

Before or rather few years ago, when BTC is high, altcoins goes down a lot including ETH and other top altcoins but currently we are seeing a turn in event, where as Bitcoin is moving, some altcoins most especially top altcoins are moving with it; in my own opinion it shows that people are now understanding that some altcoins are worth it and hence the growth witnessed within them. Although there are still cases where Bitcoin will be on the run and most people will sell their altcoins so as to be part of the growth within Bitcoin, however this is seen majorly in other altcoins not among the top. Also, about the correlation, Bitcoin dominate the whole market and as such a good number of altcoins are pegged or depends on Bitcoin; therefore it can be seen that to a great extent, Bitcoin controls the market.

[Maxstl007]

Dominance is still very high and bitcoin is still very bullish, whales can't ignore that fact and head for altcoins, not until bitcoin bulls are done pumping, I believe it's not altcoins moment yet but as soon as bitcoin is done altcoins will starts their rally

[husdemba]

Bitcoin is currently the representative of all cryptocurrencies in the world. The rise in increases the demand for other altcoins. If Bitcoin stays at these levels, trust in cryptocurrencies will increase.

[pakhitheboss]

Historically if Bitcoin pumps alts bleed. But, when Bitcoin is stable altcoin do pump so until Bitcoin pumps do not expect anything. Generally after Bitcoin bull run ends altcoin bull run do start, at the moment Bitcoin bull run has just started so wait till it ends.

[Janation]

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

When Bitcoin rallies, altcoins follow.

Eth is making its slow upward movement, other altcoins would do the same. I don't know what triggers it but maybe some people trade their Bitcoin into other altcoins the reason why they are making such movements. As long as the price of Bitcoin stay high up there, I think altcoins would be making this parade following Bitcoin.

[kaya11]

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

Most of the time it correlated but somehow this very moment of new ATH is different, I was following between BTC and eth for example, the last ATH of Bitcoin, eth was more than a thousand dollars but now it isn't. I was looking forward that it could more but it failed my expectations. Do be very careful of correlating Bitcoin with alts in prices.

[awakpane]

During a bull market, the cryptocurrency market saw Bitcoin experiencing a rapid uptrend first. Later, Altcoins followed suit, after BTC had surged to local peaks or all-time highs (ATH). But the current state of BTC has sucked in volume from the entire cryptocurrency market as it continues to strengthen. This caused the altcoin to take a hit, which led to increased selling pressure and reduced buying demand.

[sangkler11]

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

I think when the bitcoin price goes up significantly and the altcoin price goes down it's natural, most traders will sell the altcoins they have to bitcoin or stable coin to reduce the significant loss, and once the bitcoin price stabilizes the altcoins will do a slow recovery.

[TheUltraElite]

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

No direct correlation if you ask me though others might say that one follows the other.

I am more of the opinion that altcoin rises are a artificial pump that sometimes follow bitcoin but do not sustain it. It would be easy to say that altcoins follow bitcoin but often they drop early than bitcoin.

Nonetheless, if you are holding altcoins sell them at the price rise and don't keep on holding them through a bull run. You might not see such prices again in future. So grab the opportunity while it exists

[pungopete468]

I'm not quite sure what could be the correlation of the altcoin and bitcoin most of the people assumed that when the Bitcoin rallies the altcoin will rally too but I don't believe that well it's just my opinion or maybe they will rally after the crash of bitcoin?

[masterrex]

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

IMHO, I believe not all altcoins will experiencing a rally in this Bullish market trend. As we notice only Ethereum, XRP and some other altcoins are experiencing some traction forward. Let us accept the reality that it's different now compared to the 2017-2018 Bullish market trend. Because today's market growth is considered organic and not artificially induce unlike before so we must continue to watch who knows if there's a twist in 2021.

[btc_angela]

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

Obviously the correlation is that almost all alts are being pair with btc, that's why all exchanges have btc/x altcoin. But as far as correlation, there is, but btc is now moving on its own and altcoin are not following. BTC reaches a new all time high, alts are still far from their ATH.

And if you look at the dominance, BTC taking over at 60%++, I remember in 2017 when everything is on a massive spike, bitcoin is ~50%. So if we can reduce bitcoin's dominance then probably we may see alts also moving very positive, but not right now.

[tvplus006]

Most altcoins are still very far from their ATH, despite the fact that bitcoin is trading above its historical values. Altcoins need to grow 100-500% to reach their ATH, but it seems unrealistic to me for bitcoin dominance to fall so low, to ensure such growth.