Not sure what this means in the long run, however, it is interesting to note that the altcoin rally seen over the past two weeks is just a prelude to a true altcoin season, which has yet to begin. To date, Bitcoin has remained the leading indicator for making decisions about the future direction of the entire crypto market, but history shows that periods of Bitcoin consolidation often provide opportunities for altcoins move higher. If the Bitcoin price falls back to $40,000 or below, most analysts would expect altcoin prices to follow suit. On the other hand, a rally above $48,000 is likely to push altcoin prices higher.
It all lies in the future of Bitcoin and these altcoins will just about to follow. We have been in this kind of market changes and that is why we mostly focusing on the trend of Bitcoin as our basis when to buy and sell altcoins. Although we can't assure of everything will work together but at least we have some analysis of what we gonna do next.
As Bitcoin price rallying back high above $50k, we are something to expect that altcoins will do the same. Well, the effect wasn't so fast but let see what is gonna be shown in the coming days. Anyways, I'm still optimistic about this.