Even in fact we will continue to see this cycle in the next few weeks too, there will be times when the bitcoin market and of course altcoin will correct again later. Already a few weeks ago actually the market cycle experienced conditions which I think is the best for the crypto market. Anyone will probably benefit in the medium trade
Yeah, this is a period of correction and retracement, meaning the price will go down without any hesitation and we can't do anything about it but to be a wise investors, buying the dip. Right now it seems that the market is green, then all of a sudden it will go down again. This is what we call a cycle and this could happen p to the end of the year. So we need to be very cautious and maybe it's good to listen to our guts because the market is very unpredictable.
The price of Bitcoin went high back slowly and this also affects the altcoins sections. It perhaps does not have that instant impact on them but sooner or later, we can see altcoins are growing too. The connection between the two becomes obvious and seeing Bitcoin moving up we could expect it also to altcoins at the same time.
Quite a good time to buy in anticipation of the possible bull market. Yes, we can't predict the market, however, taking a step before it happens is really a good idea.
Almost all altcoins now seem to have gone up in price, because indeed altcoins price movements are affected by Bitcoin price movements.
Seeing the price of Bitcoin that managed to rise above the price of $ 40k, this is the reason why almost all altcoins have increased in price.
But because the price of Bitcoin hasn't gone up too high, the altcoins haven't gone too high either. Even the price of Bitcoin there is still
the possibility of going back down, because several times the price of Bitcoin has risen above the price of $40k, but always failed to rise
above $45k price. Because the alt season will come if the Bitcoin price can return to the ATH price, if Bitcoin still hasn't returned to its ATH price,
we shouldn't be too happy. Because the increase in altcoins will also not be too high and there is a possibility of a decline again. So it's too soon
to conclude that we are now entering a bullish trend, because I see the current market conditions are still in a bearish trend.