Even today, people's interest in Bitcoin is still there. I have seen that many investors are still interested in buying Bitcoin. I have checked in different exchanges the different bids and asks of Bitcoin, I found that the number of buyers are more then sellers.
In this situation, there is hope that Bitcoin's price will increase more. But as long as people are only investing in Bitcoin, altcoins will perform weakly. The lag will continue in altcoins until Bitcoin price calms down and the investors sentiment shifts to ALTS.
In my opinion, Bitcoin can go up to $150,000 by the end of this year. But altcoins will not rise much until people stop focusing on Bitcoin and start investing in altcoins.
We have seen that Bitcoin rose by 8% but alts did not performed and the main reason is the investors interest in bitcoin and the increase in Bitcoin dominance.
Now the question comes, how can we understand that people are now interested in altcoins? The easiest way is to check BTC dominance. When this percentage starts falling, then understand that people are moving towards altcoins.
The second way is that if Bitcoin's price is falling, but still altcoins' prices look stable or are going up, then it means the altseason has started.
You need to keep on checking the market and know about the shift of investors, it really matters for taking the correct decisions. When you see that Bitcoin price is stable or coming down while alts are rising then start investing in altcoins.
What do you people think about the price of Bitcoin, will it reach $150K by the end of this year? Do you think alt season is very near? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN AND EDITED IN CANVA
Thank You!
Best Wishes.
