Bitcoin’s Soaring Heights and the Unpredictable Journey Ahead

[Wildwest]

For me, Bitcoin as the initial benchmark was bullish this year, the bear market immediately returned like in 2017, then every time there was a price movement in Bitcoin, some altcoins also rose.
The biggest indicator is bitcoin, therefore we cannot deny that when the price of bitcoin soars high, altcoins also follow suit.
In the last few days the price of Bircoin has almost touched $60,000 and followed by Ethereum continuing to decline, will the bullish market continue soon and the altcoin season also awaits.

[JayTrain]

My personal opinion on this matter is that Bitcoin and other cryptocurrencies represent unique investment assets with high profit potential, but they also come with high risks. In recent years, we have seen a growing interest in cryptocurrencies, reflected in their prices and trading volumes.Additionally, it is wise to diversify one's investment portfolio, including various types of assets, to mitigate risks.

[batang_bitcoin]

The biggest indicator is bitcoin, therefore we cannot deny that when the price of bitcoin soars high, altcoins also follow suit.

That's true. When people are overconfident and happy with the gains they're getting from their altcoins. They forget that it all started with Bitcoin's soaring.

In the last few days the price of Bircoin has almost touched $60,000 and followed by Ethereum continuing to decline, will the bullish market continue soon and the altcoin season also awaits.

It actually touched $60k and we're on $61k-$62kish of its price. And about the decline, they're nothing compared to the actual gain that Bitcoin and Ethereum has gained for a short period of time.

[btc78]

Quite interesting to see someone using bitcoin as an indicator. How does that work? While I do see the logic behind the market movement following that of bitcoin’s, it still depends on the individual performance of a coin. Not all altcoins’ value increase when bitcoin is rising and vice versa. Although it may very well reflect the overall trend of the market which gives off chance to identify entry and exit points. It’s just confusing because it’s different for each coin and in which movement is not guaranteed.