#Bitcoin #Altcoins #BTC #BTCUSDT
We tend to say, usually out of habit, that Bitcoin leads the market but truly the altcoins tend to move before Bitcoin. The altcoins market, in one way or the other, always reveals what is going to happen to Bitcoin. This dynamic will continue to be for as long as Cryptocurrencies exist. Let me prove my point.
Bitcoin peaked around July but never crashed. Many altcoins start to peak in May, some in June and then some more in July.
Bitcoin continued to challenge resistance and hit new highs through October. Bitcoin never showed any bearish action until it started its descent. The altcoins market on the other hand, started to crash massively, decisively and easily before Bitcoin. By the time Bitcoin produced its final top, early October, many altcoins were already trading at new lows. In this way, the altcoins showed us what was coming to Bitcoin.
Right now Bitcoin continues to trade below $90,000 being sideways or neutral for weeks. Many altcoins are breaking up and moving up. Right now many altcoins are breaking up with strong volume also and that's a good signal.
Many, many altcoins hit bottom 10-October while Bitcoin hit bottom 21-November. This is naked proof that the altcoins market moves before Bitcoin.
Seeing the altcoins breaking up and with force; full force now but still early yet bullish momentum builds-up; this reveals a strong bullish bias on Bitcoin because Bitcoin follows the altcoins.
It is not really that Bitcoin follows the altcoins from a fundamental standpoint, more like the altcoins tend to move first because of their size. Since the market is big and many people are in the know, some of these people know through different sources that the market will rise based on Bitcoin and they start to buy the altcoins; the altcoins breakup with force before Bitcoin does. And we have a self reinforcing cycle.
We know Bitcoin is going up because the altcoins are going up. The altcoins go up because Bitcoin is going up and each side feeds the other side.
Just as the altcoins moved first on the way down, they are again moving first on the way up.
This is the final proof. I love you and thank you and appreciate you; the best is yet to come.
Namaste.
✅ Trade here on $BTC
