Bitcoin price has almost reached $70k and Altcoins marketing also flying with Bitcoin including most of top altcoins. But as we know that, Bitcoin halving is on the way. So i expect correction in Bitcoin price as well as the effect should be seen in altcoins market too but is that going to happened? Are we gonna have one more chance to buy altcoins with low price ? What do you think about this
I feel that the current bull run seems unusual because historically, nearing or after the bitcoin halving event, we would expect to see a drop or correction in the price of bitcoin. However, what's happening now is the opposite .. the price of bitcoin keeps rising despite the halving approaching. Yet, I still don't know if it will decline after the halving or continue to rise.
On the other hand, with altcoins, there are some that haven't followed the upward trend of bitcoin, so perhaps this is the chance to buy undervalued altcoins that you like. However, it's still important to set stop loss orders, as the market's direction may change unexpectedly. Don't rely solely on market movements.