Bitcoin has created a new ATH. Do you think other coin will follow suit?

[Emmanuel_Pounds]

I woke up to check my portfolio on BingX exchange this morning and I discovered Bitcoin bullish momentum has broke through the previous ATH of $74k and created a new high at $75k. This breakout seems to have come as a result of Donald Trump prediction to win the U.S. Presidential election which must have been a catalyst to increase investors hope in cryptocurrency. I feel it's time we all keep a close eye on other key players in the crypto market in the likes of ETH, SOL, XRP and others as they reacts to following Bitcoin's lead. Also, this could be an ideal moment to take a fresh look at your portfolio and consider how to position yourself in the market.

If we follow in cryptocurrency market we can see that bitcoin price is running on rapid action in cryptocurrency market. I also believe that gradually bitcoin price is high level in cryptocurrency market. Because we saw that in this time bitcoin or cryptocurrency market will pass in bull run. So i think that bitcoin price is also hit $100k in this year. We also believe that crypto currency market is always depending on bitcoin. So we also see that when bitcoin price is increase, then others crypto currency could be increase. So i believe that others coins also be follow in bitcoin.

Your prediction was right as bitcoin already hit $100k and created new ATH at $108k. Other cryptocurrencies are beginning to move well too. I believe the current retracement in the crypto market should create opportunity for more pump by the time the recovery starts and many altcoins should hit their ATH. 

[pawel7777]

The assumption that all altcoins, for some magical reason, will break their ATH just because Bitcoin did is dangerous and can turn out to be very costly.
All it takes is to take a quick peek at the most popular altcoins and check their historical data to see that many of them had their ATH during the 2017 cycle but failed to break it during the 2021 one.

[sampoerna]

The assumption that all altcoins, for some magical reason, will break their ATH just because Bitcoin did is dangerous and can turn out to be very costly.
All it takes is to take a quick peek at the most popular altcoins and check their historical data to see that many of them had their ATH during the 2017 cycle but failed to break it during the 2021 one.

Exactly, because indeed, Bitcoin's influence is indeed large and can affect the price of altcoins to increase when BTC breaks the new ATH again. However, the increase in the price of altcoins does not mean that all altcoins will experience a new ATH. Even top coins, not all of them have a new ATH. For ETH, BNB, and SOL, there have indeed been new ATHs, but for other altcoins, some have succeeded and many have failed to achieve a new ATH. In 2021, even top coins at that time such as XRP, LTC, and others, many failed to achieve a new ATH, before the bearish came. and hopefully, the hope this time, really, hopefully most of the top coins and old coins will experience ATH I have been saving XRP and LTC for so long, and want to release them immediately this bullish season at the moment of altcoin season.

[Dr.Bitcoin_Strange]

The assumption that all altcoins, for some magical reason, will break their ATH just because Bitcoin did is dangerous and can turn out to be very costly.
All it takes is to take a quick peek at the most popular altcoins and check their historical data to see that many of them had their ATH during the 2017 cycle but failed to break it during the 2021 one.

You are right mate, even as Bitcoin surge pass $100k, there are only a few altcoins that were able to breaks through their previous all time high, so many altcoins in the market has not break through their ATH, although some of them that has been quiet for a very long time did experience some price surge too but they were not able to break past their previous ATH. Some persons are saying that altcoins season is not yet out which I doubt when it will start.

[milewilda]

The assumption that all altcoins, for some magical reason, will break their ATH just because Bitcoin did is dangerous and can turn out to be very costly.
All it takes is to take a quick peek at the most popular altcoins and check their historical data to see that many of them had their ATH during the 2017 cycle but failed to break it during the 2021 one.

You are right mate, even as Bitcoin surge pass $100k, there are only a few altcoins that were able to breaks through their previous all time high, so many altcoins in the market has not break through their ATH, although some of them that has been quiet for a very long time did experience some price surge too but they were not able to break past their previous ATH. Some persons are saying that altcoins season is not yet out which I doubt when it will start.

We do know that we do have that so called altcoin season on which we are current seeing Bitcoins dominance now in the market. Although it isnt really that  giving that major jumps on altcoin prices but still a good thing to see its green momentum but not really that much in comparison if we do speak about altcoin season price jumps or gains. As i have said that there's really that specific time on where we will all see that price of altcoins jump into those % that we didnt really that expect for it to happen. Yes, there might be those times but we dont really be precisely be able to know on when it would happen but rest assured that it will be that happening once that Bitcoin trend had come past over on which altcoin season would be starting up.

[Dr.Bitcoin_Strange]

Yes, there might be those times but we dont really be precisely be able to know on when it would happen but rest assured that it will be that happening once that Bitcoin trend had come past over on which altcoin season would be starting up.

Not ‘might’. There are definitely times, in fact most of the times, we are unable to accurately predict when the next altcoin season would kickstart, sometimes even after the Bitcoin trend had lasted for as long as it can and maybe come to an end, it’s still possible that we may likely not see the altcoin season or seeing any altcoin making any significant changes.

[Asiska02]

Your prediction was right as bitcoin already hit $100k and created new ATH at $108k. Other cryptocurrencies are beginning to move well too. I believe the current retracement in the crypto market should create opportunity for more pump by the time the recovery starts and many altcoins should hit their ATH.

By the time the market is on that trend, I think bitcoin dominance will be over and we are going to see a new trend of altcoins in the market, thereby marking the beginning of altcoin season. Money will start flowing out from bitcoin and investors will start investing into altcoin in order to get more profit after already making some good profit from bitcoin investment. An all time high value for bitcoin doesn't signifies that the market won’t continue on that trend or will have to face another big downturn again.

The way the market moves is very unpredictable, so it becomes very hard to dictate, when the trend will be over and you can now take your profits from the investment. When the bulls are over, it is not easy to dictate and take profit from the peak, you may have faced some loss before realizing that but in all, it’ll be worth taking profit when you can. The uptrend will not continue forever and the bearish cycle is bigger than the bull cycle.

[milewilda]

Yes, there might be those times but we dont really be precisely be able to know on when it would happen but rest assured that it will be that happening once that Bitcoin trend had come past over on which altcoin season would be starting up.

Not ‘might’. There are definitely times, in fact most of the times, we are unable to accurately predict when the next altcoin season would kickstart, sometimes even after the Bitcoin trend had lasted for as long as it can and maybe come to an end, it’s still possible that we may likely not see the altcoin season or seeing any altcoin making any significant changes.

Changes could happen and this what makes this market is really that very hard because there's season on which it could changed up on a specific period.
There's no other way that we will be able to achieve but going up but of course it wont really be that a smooth sail ride. This is why the only thing that do happen only is into those investors/traders do missed or hit up the right opportunity to take their positions on which making up some profit or do miss on making money. This is why in every step that you would be making then it will really be having that corresponding result or outcome but of course it wont be that could be known. So every step will be having that possibility.

[jeraldskie11]

Yes, there might be those times but we dont really be precisely be able to know on when it would happen but rest assured that it will be that happening once that Bitcoin trend had come past over on which altcoin season would be starting up.

Not ‘might’. There are definitely times, in fact most of the times, we are unable to accurately predict when the next altcoin season would kickstart, sometimes even after the Bitcoin trend had lasted for as long as it can and maybe come to an end, it’s still possible that we may likely not see the altcoin season or seeing any altcoin making any significant changes.

Yeah, we can't tell exactly the date of the alt season that we are talking about. But based on the history, alt season usually occur in the bull season or in the halving year. If it's not happen in the early stage of bull season, possibly it will happen in the final stage. So in this year, many are expecting for the alt season to come, we just don't know when it's exactly happen. But it's not always a guarantee that it will repeat the history. As long as the history keeps repeating itself, it's okay if we still believe in it.

[Dr.Bitcoin_Strange]

Yeah, we can't tell exactly the date of the alt season that we are talking about. But based on the history, alt season usually occur in the bull season or in the halving year. If it's not happen in the early stage of bull season, possibly it will happen in the final stage. So in this year, many are expecting for the alt season to come, we just don't know when it's exactly happen. But it's not always a guarantee that it will repeat the history. As long as the history keeps repeating itself, it's okay if we still believe in it.

I believe it’s rather interesting how you talk about alt season’s possibility happening in the last stages of the bull run if it eventually fails to occur in the early stage. And this acknowledges the unpredictability of the market and when it comes to altcoins, timing is everything.

Just like you rightly pointed out, past occurrences doesn’t always guarantee future results or performance. There are variety of factors that may potentially influence the market, factors such as global economic factors, technological advancements, amongst other factors, and it’s always important to look out for these factors.

[Sim_card]

Yes, there might be those times but we dont really be precisely be able to know on when it would happen but rest assured that it will be that happening once that Bitcoin trend had come past over on which altcoin season would be starting up.

Not ‘might’. There are definitely times, in fact most of the times, we are unable to accurately predict when the next altcoin season would kickstart, sometimes even after the Bitcoin trend had lasted for as long as it can and maybe come to an end, it’s still possible that we may likely not see the altcoin season or seeing any altcoin making any significant changes.

Yeah, we can't tell exactly the date of the alt season that we are talking about. But based on the history, alt season usually occur in the bull season or in the halving year. If it's not happen in the early stage of bull season, possibly it will happen in the final stage. So in this year, many are expecting for the alt season to come, we just don't know when it's exactly happen. But it's not always a guarantee that it will repeat the history. As long as the history keeps repeating itself, it's okay if we still believe in it.

Only bitcoin is historical and altcoins are not because they depend on bitcoin price movement. Not all altcoins will benefit from bitcoin price pump this year only few. This is because some of them are pump and dump. While some after this dip on bitcoin price, they might not be able to pump again when bitcoin price is pumping.

[Dr.Bitcoin_Strange]

Only bitcoin is historical and altcoins are not because they depend on bitcoin price movement. Not all altcoins will benefit from bitcoin price pump this year only few. This is because some of them are pump and dump. While some after this dip on bitcoin price, they might not be able to pump again when bitcoin price is pumping.

You’re absolutely correct about the historical significance of Bitcoin compared to the altcoins.
As we already know, the price movement of bitcoin has been adequately documented over the past years and also very easy for everyone to access, whereas this isn’t the case with altcoins, because they’re mostly very volatile and also very reactive to fluctuation of the price of Bitcoin.
Surely, it’s really not all altcoins that usually benefits from Bitcoin’s price due to the fact that most of them are mostly prone to pump and dump schemes, which potentially results to a very swift increase in price and before you know it, a rapid decline. We may only hope and expect that majority of the OG coins are the ones that may potentially benefit from this.

[JoyMarsha]

The assumption that all altcoins, for some magical reason, will break their ATH just because Bitcoin did is dangerous and can turn out to be very costly.
All it takes is to take a quick peek at the most popular altcoins and check their historical data to see that many of them had their ATH during the 2017 cycle but failed to break it during the 2021 one.

This is how the crypto market is, getting to find out that not all altcoin will give their own ATH in the same year as Bitcoin. The majority will give a new ATH, still the same majority wouldn't be able to reach their previous ATH again.

However, if you are thinking that most altcoins will give a new ATH this year, it's better to rethink because not all altcoins will do that. Some will, some won't. That's how altcoin is, having a 5x or 10x profits is not a bad idea

[jeraldskie11]

Yeah, we can't tell exactly the date of the alt season that we are talking about. But based on the history, alt season usually occur in the bull season or in the halving year. If it's not happen in the early stage of bull season, possibly it will happen in the final stage. So in this year, many are expecting for the alt season to come, we just don't know when it's exactly happen. But it's not always a guarantee that it will repeat the history. As long as the history keeps repeating itself, it's okay if we still believe in it.

I believe it’s rather interesting how you talk about alt season’s possibility happening in the last stages of the bull run if it eventually fails to occur in the early stage. And this acknowledges the unpredictability of the market and when it comes to altcoins, timing is everything.

Just like you rightly pointed out, past occurrences doesn’t always guarantee future results or performance. There are variety of factors that may potentially influence the market, factors such as global economic factors, technological advancements, amongst other factors, and it’s always important to look out for these factors.

True, but sometimes the news related to crypto depends on the chart. Like, before they publish the news, they read the chart of Bitcoin before they make it. That's what I observed when I keep looking at the market because I've been in trading for a long time. That's why I can say that the alt season is very likely to happen. It is still the beginning of 2025 and it is also the beginning of the bull run, many more things can happen in this bull run.

[BitMaxz]

True, but sometimes the news related to crypto depends on the chart. Like, before they publish the news, they read the chart of Bitcoin before they make it. That's what I observed when I keep looking at the market because I've been in trading for a long time. That's why I can say that the alt season is very likely to happen. It is still the beginning of 2025 and it is also the beginning of the bull run, many more things can happen in this bull run.

Right now, BTC is still in the bullish season. I don't see any signs yet that BTC would drop again, more below the $90k level. I think once it drops lower than that, it should be a signal for the upcoming bearish season for Bitcoin.

News only helps to shape the price on the chart if they want to successfully manage to change the market, like what happened the past few days from a bearish week and now its bullish again. It's a part of fundamentals, which is why you need two of these to analyze the market.