It has begun IMHO, we saw the rock bottom of bitcoin since end of 2018 up to the beginning of this year. And while we're thinking of when the bull run will come, we've seen numerous pumps that made us all think that the bull run has begun.
And now that the alts are affected of the market, we seem to think that this isn't really a bull run. The sentiment of others for the market is changing because it doesn't go according to what they are expecting.
Topic: Altcoins Still In a Bear Market, But What About Bitcoin??? - page 2. (Read 296 times)
If altcoins are in a bearish mode it only says that some traders selling thier altcoins and.putting it to bitcoin , because they know bitcoin will have its bull run the next month.
Next month? No one actually knows on when this bull run would happen yet future cant really be known specially into this very unpredictable market.About on why altcoins is on bear mode is that the confidence on most people or the entire community is mostly switch up to BTC and it can be prove out by just seeing the entire market dominance which is on bitcoin itself where it means people do really switch up to bitcoin for this time.We do see gradual increase in price somehow but purchasing top alts of this time are quite a bargain and it isn't really that bad to risk up some funds to accumulate these coins and wait up for market shift upside down because not all the time there would be an alt bear market yet there would always be a bull run for sure but the question is on when?
If altcoins are in a bearish mode it only says that some traders selling thier altcoins and.putting it to bitcoin , because they know bitcoin will have its bull run the next month.
People consider altcoins as shitcoins that is why they are moving from altcoins to bitcoin and this the reason of bitcoin's dominance to hit 70% in the recent days.But surely the price fall in bitcoin is just a correction and it has nothing related to the price fall of altcoins continuously.
Not sure about the price of bitcoin will increase or decrease in the near future but I am sure that it is not driven by altcoin market.
Not sure about the price of bitcoin will increase or decrease in the near future but I am sure that it is not driven by altcoin market.
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate.
While even altcoins did rally in early 2019, it’s becoming increasingly clear that the crypto industry is still in a bear market, except for Bitcoin. But with altcoin sentiment so low, and Bitcoin beginning to break down, it’s difficult to say if Bitcoin’s next bull market has begun, or if it’ll return to a bear trend much like its crypto cousins have over the last few months.
Could Bitcoin Return to a Bear Market, Or Is This Just a Correction???
While even altcoins did rally in early 2019, it’s becoming increasingly clear that the crypto industry is still in a bear market, except for Bitcoin. But with altcoin sentiment so low, and Bitcoin beginning to break down, it’s difficult to say if Bitcoin’s next bull market has begun, or if it’ll return to a bear trend much like its crypto cousins have over the last few months.
Could Bitcoin Return to a Bear Market, Or Is This Just a Correction???
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