Bitcoin seems to be having a jolly ride this year, and the alts aren't following suit, just a little gains here and there. And with the increasing percentage of bitcoin dominance which is now over 60%, do we see the alts pulling massive gains this year?
It is impossible to be sure but probably yes and I hope we are going to see the start of the altcoin bull season in few weeks maybe days.
I think BTC bull run is over for now and people will start to buy altcoins when the market is stable.
HA, this is just the beginning of bitcoin bull run mate, we have not seen anything, the ATH this time around will sure hit close to $50k, and this value is still very low for now, there are so many fundamentals that will still contribute to bitcoin bull run in the long run before we can talk of it consolidating for altcoins to start running their own bulls, we still have factors like the halving of 2020, we still have the face eBook coin release too which is going to also be by 2020.
Before bitcoin bull run can come to halt, I think it will be 2020, and that is when I expect bitcoin to go on consolidation for a very long period, which is during this time that investors pump great amount of money into the altcoins industry, but as we know that it is a speculative market, there is nothing that can ever be 100 percent predicted, so anything can still happen too this year.