Will Altcoins Follow Bitcoin's Lead?

There are some happy moments for the Crypto investors and that is #BTC is going up and up. The whole week in the crypto market stays in green which is a good sign after long bear duration. I am happy to see #Bitcoin at $35K after many long time and that is no doubt good moment for every of us.

Yesterday I shared a detail post about the current market situation and shared my personal view about the market for now and future. I discuss the possible reasons of the Bitcoin price surge and what are the expert predictions regarding this.

Those who have read Yesterday post will better understand this one because I am going to continue that one. So, if you have not read my last post then better to read that one first before coming to this post. This is because you will know the exact scenario.

As I promised with you guys that I will write a detail post on what will happen with #Altcoins if the BTC reaches another all time high. Will altcoin have potential to follow BTC trend. One of the main reason is that there are more good news for #BTC only and not for many altcoins.

If see historical chart of any Cryptocurrency we will find that every coin have follow the BTC trend whether in the up or down direction.

If you take #hive #ADA #Litecoin #XRP #MATIC #RUNE #ETH or any other crypto. All have the same pattern. This time in the bull run we will see the same position in other cryptocurrencies that is a good price upward move.

Right now investors are more interested in #Bitcoin because there are good news for it. Investors wants to take some good profits from Bitcoin. Once they get satisfied with the profit then they will surely move to other alt coins.

Alt Season on the Horizon

According to saying of experts that alt season will be coming soon. We are soon going to enter alt season and that is possible only if #BTC stays at that price for some times. We need to see the BTC dominance go down for that.

This will surely take time but alt season will come any time soon. Once investors understand that BTC has gone stable and that is the more better price to exit then slowly other altcoins will move going upside.

We are hive lovers so we really need this coin to start moving up. Its still very low but better then some coins and has moved upside. We need to see #hive at $0.5 in this altseason and that is without doubt possible.

We dont want to see hive price moving like #steem which increases more than 30% but in a day it goes back down. This is a kind of manipulation and is risky as well. Rather we want to see #hive grows like #TRB which is right now at $107 and looks more strong and stable.

What do you people think about altcoins? Will the follow the BTC trend? do you think hive needs a good pump upside? Will be glad to see your answers in the comment section.

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  NOTE: IMAGES EDITED IN CANVA.

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Insightful post. Thanks for sharing ☺️

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