Market Sentiment

[CryptoLite247]

 Crypto markets are moving sideways today, with Bitcoin consolidating while altcoins show mixed patterns. Nothing too dramatic, but it feels like traders are waiting for the next big catalyst. Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

[DeathAngel]

The next strong move will come from Bitcoin, it nearly always does. I think we are close to a significant surge upwards, making all time highs. We have had a correction & consolidated, it’s nearly time for the final chapter of this bull run, where huge gains will be made.

[pancelot]

Crypto markets are moving sideways today, with Bitcoin consolidating while altcoins show mixed patterns. Nothing too dramatic, but it feels like traders are waiting for the next big catalyst. Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

According to me, the next major move will be Bitcoin-dominated. Traditionally, the rallies always start when BTC is breaking through important levels, and then the altcoins follow. Looking at the present market structure, the price has been building up after the recent correction, meaning buying pressure is slowly increasing. External stimulus in the guise of interest rate policies, institutional investment inflows, and heightened demand for investment products in relation to BTC joins the chorus as well. That is why I believe Bitcoin will be the initial stimulus, and once it skyrockets, funds will shift to altcoins to extend the general rally.

[cryptoaddictchie]

I think the next strong move will likely be led by Bitcoin, since it usually sets the tone for overall market direction, but if BTC keeps consolidating for too long, some altcoins with strong narratives or momentum could easily break trend first and steal the spotlight. Seeing some narrative starting to get on the shot especially the AI and L1 projects.

[Swordsoffreedom]

Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

Bitcoin will always lead and determine the market trend but I think bitcoin will not increase as much as before. Instead, it will pass that attention and strong growth on to the altcoin market. And as we have seen, bitcoin dominance has been declining and is showing signs of further decline, as well as many altcoins have been outperforming over the past few weeks. So I believe altcoin season is coming and will soon get crazier in the last quarter of the year.

I expect next week to be a volatile week for the entire financial markets as the Fed cuts interest rates.

[Zaguru12]

I think the next strong move will likely be led by Bitcoin, since it usually sets the tone for overall market direction, but if BTC keeps consolidating for too long, some altcoins with strong narratives or momentum could easily break trend first and steal the spotlight. Seeing some narrative starting to get on the shot especially the AI and L1 projects.

Every move is definitely started by bitcoin without it there is no general market move, bitcoin has actually started that move months ago when it was breaking all time highs now that bitcoin is consolidating it is the perfect time for Altcoins to play catch up. The narrative that bitcoin dominance (BTC.D) has to reduce against Altcoins is simply not actually meaning that bitcoin will be bearish but rather it will be consolidating for this to happen because should bitcoin be dipping then every other coin will also be on bearish trend because bitcoin sentiment is what the entire market actually drives on and that’s already signified by bitcoin dominance percentage which is nearly 60% at most times.

Right now that the bitcoin price is consolidating then it will be perfect time for other Altcoins most especially utility coins or based chains to head up but seriously they won’t actually be able to go so high if bitcoin doesn’t pump. I look at October and the entire 4th quarter as the best period for bitcoin to start shooting up

[passwordnow]

Crypto markets are moving sideways today, with Bitcoin consolidating while altcoins show mixed patterns. Nothing too dramatic, but it feels like traders are waiting for the next big catalyst.

I think that we always get this situation and people often ask when it don't move according to their likings that it's moving sideways. Even I, I think of it as a side way when it don't move continually when it's already on the pattern of moving up.

Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

It will, and that's as always.

[Aanuoluwatofunmi]

Crypto markets are moving sideways today, with Bitcoin consolidating while altcoins show mixed patterns. Nothing too dramatic, but it feels like traders are waiting for the next big catalyst. Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

I don't think we are going into altcoin season yet, except if otherwise we are already about exiting from the bitcoin bullrun and going into another season this quick, which is almost impossible, for now we are yet to have the bitcoin all time high for the season, then regarding the performance of some selected few altcoins making all time high, we should not be confused by these, because they may be only performing on their own while the overall of the altcoins are not starting the bull season, lets see how far we could go with bitcoin for now before the season ends first.

[Marvell1]

I think the next strong move will likely be led by Bitcoin, since it usually sets the tone for overall market direction, but if BTC keeps consolidating for too long, some altcoins with strong narratives or momentum could easily break trend first and steal the spotlight. Seeing some narrative starting to get on the shot especially the AI and L1 projects.

It is entirely possible, especially if the altcoin ss really comes, that altcoins will break the trend first without waiting or caring about bitcoin anymore.

I guess a lot of people would be unhappy if altcoin season came and all the attention was on them, not bitcoin. But whether they like it or not, it seems to be happening. Not only L1 and AI, but memecoin is also becoming hot again as REX-Osprey's Doge ETF will officially trade on Cboe today.


Many people will not believe this. How can a useless meme coin with no use case or utility be approved ETF? But it really happened.

[Danica22]

Bitcoin dominates the market, so any market move will come from Bitcoin first. There is no way altcoins can break the trend before bitcoin in any case even if we are in altcoin season. But during altcoin season, bitcoin doesn't necessarily always maintain strong growth performance, it can move more slowly than altcoins.

I'm not sure if altcoin season is coming or not, but there's no denying that the attention for altcoins is increasing strongly on social networks like X, Facebook. Everyone is talking about the upcoming altcoin season, but it's hard to be sure if it's really coming or just another trap.

[Republikcoin.com]

Crypto markets are moving sideways today, with Bitcoin consolidating while altcoins show mixed patterns. Nothing too dramatic, but it feels like traders are waiting for the next big catalyst. Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

The sideways movement you're seeing in Bitcoin right now may be temporary, as Bitcoin is also moving towards a much higher price than its current price. However, if you're wondering who will break the trend first in the market, it could be altcoins first, as recently, almost all altcoins have rebounded, while Bitcoin has only experienced a small price spike after a price correction. This may be influenced by some investors and traders who have started investing in altcoins rather than Bitcoin, even though the supply and demand volume for Bitcoin remains very high compared to any altcoin.

[HistoLock]

I think the next move will come from Bitcoin or in many cases we have seen it come from Bitcoin. But yes, on a market basis it can be said that it will start reaching the highest. All things considered, one thing can be said that the last chapter of the uptrend has begun which is a huge profit for traders. If we talk about any other altcoin I would say that they will never surpass Bitcoin, this is an eternal truth.

[Die_empty]

I don't think we are going into altcoin season yet, except if otherwise we are already about exiting form the bitcoin bullrun and going into another season this quick, which is almost impossible, for now we are yet to have the bitcoin all time high for the season, then regarding the performance of some selected few altcoins making all time high, we should not be confused by these, because they may be only performing on their own while the overall of the altcoins are not starting the bull season, lets see how far we could go with bitcoin for now before the season ends first.

This is my first bull run, hence I don't have firsthand experience of how the altcoin market works. But for some time I have been reading about the expected altcoins season. Many investors have been expecting it for some time now, and it has not happened.  Bitcoin had maintained its lead as the driver of the market, as almost all altcoins respond to BTC's move. Anyway, I am observing the market to see how things will turn out.

[crwth]

What are you talking about? Sideways? The crypto market showed a bullish start, marked by a significant presence of green. This depends on what time frame you are looking at, but in general, it was a good green day for a while.

I hope there will be a positive outcome for BTC this coming week.

[l99l]

Bitcoin has always been a leader, and it's the one that needs to move. While altcoins were a bit more active today, there weren't any particularly interesting movements.
If Bitcoin had fallen even a little, there wouldn't have been this much movement in altcoins. What will happen to altcoins now? They need to break the trend.
While some major altcoins are performing well, many are still far from their ideal prices.

[Jegileman]

Crypto markets are moving sideways today, with Bitcoin consolidating while altcoins show mixed patterns. Nothing too dramatic, but it feels like traders are waiting for the next big catalyst. Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

Bitcoin always takes the major move and most time determines the direction of which the altcoins will follow. So Bitcoin is more likely to take the major move which I’m expecting to happen at the opening of the market for trade by Monday. The weekend is showing a lot of consolidation which is normal in the market. The catalyst for altcoins to break a trend comes after Bitcoin does, so I’m expecting a breakout for Bitcoin and to continue the uptrend by Monday.

[STT]

Closing weekly bar highs are 120k and we're at 115k, it'd be unfair to say BTC is not doing very well.  Its not got a bullish trend right this moment but its in the right zone long term and its very likely to repeat what is has already done which is exceptional gains.
    Its almost showing a 100% gain in the last year view, so saying sideways is ingratitude to the point its funny.   People always want more which is why eventually Bitcoin will pull back properly not just a little bit; I dont see that anywhere near here its strong even if not on fire higher.

[348Judah]

I think the next move will come from Bitcoin or in many cases we have seen it come from Bitcoin. But yes, on a market basis it can be said that it will start reaching the highest. All things considered, one thing can be said that the last chapter of the uptrend has begun which is a huge profit for traders. If we talk about any other altcoin I would say that they will never surpass Bitcoin, this is an eternal truth.

Am not sure about this my analysis am going to drop, but as I can see it, it seems we are going to continue in this till the end of the year, in situations whereby we make all time high and then the market falls we go into correction and then back to uptrend again till we landed at the last one for the season by the end of the year, so if we could have all time high now, we should also expect more coming after each fall and we go by making all time high till the end of the year as I've said.

[Stablexcoin]

Crypto markets are moving sideways today, with Bitcoin consolidating while altcoins show mixed patterns. Nothing too dramatic, but it feels like traders are waiting for the next big catalyst. Do you think the next strong move will come from Bitcoin leading, or altcoins breaking trend first?

From the look of things, we are not done with Bitcoin making significant increase in the market, there is still some bit of time left for Bitcoin and not in haste for altcoins season we will have to wait a little longer till Bitcoin dominates and begin heading sideways, obviously only then will Bitcoin give rise for the altcoin season. The strong will of dominance is still led by Bitcoin, Bitcoin bullish season needs to be over and we are not yet done.

[Donneski]

I will say it’s usually Bitcoin that sets the tone. When BTC breaks out of consolidation, the rest of the market tends to follow. Altcoins might show some random pumps here and there but they rarely sustain momentum unless Bitcoin is giving them the green light. So my prediction is the next strong move will likely start with BTC.