It is always possible, none can know what will happen. If the bear market starts next month and BTC starts getting down, there are some altcoins that will be affected by this movement. Maybe top altcoins like BNB and ETH can survive but l can not say the same thing about other altcoins. But l can not imagine BTC at 20k, which means BTC has lost 60% of this current price, maybe more than that. If this will happen, all altcoins will be affected, but as l mentioned top altcoins have more chance to survive than others.
The thing though is that I will say that we are still very much in the bullish phase, we haven't touch the top yet at least for bitcoin. So fundamentals say that we shouldn't panic, we might see the price going down, but it's just part of the ecosystem.
After ETH and BNB reaches it's all time high, the price suddenly drops together with bitcoin. But we are slowly gaining some traction again and this month might be slow by eventually we will see a good bounce, probably in the range of the last top price.
we are still in bullish phase as companies are still buying their bitcoin shares in the market. just recently the NYDIG bought again about $200M worth of
BTC coming from various investors. i guess, this scenario is not stopping anytime soon. this is only an example of a company that publicly declared their buying spree. how about other companies that are secretly stashing some
BTCs?
Soros, Morgan Stanley Join $200M Investment in Bitcoin Firm NYDIGin this article, Robert Gutmann, co-founder and CEO of NYDIG, stated that they will be working on various sectors. i think, this is a very good mission especially on the clean energy part and the philanthropy
“NYDIG will be working with these firms on bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy and philanthropy.”