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$BTC

To those buying #altcoins , thinking the bull market is beginning…
The cryptocurrency market has been around for over 10 years. During this time, we’ve come to realize that Bitcoin follows a certain cycle. Most people have observed the third cycle and now believe that the fourth cycle is about to start. They are expecting both #Bitcoin and #altcoins to rise.

As a result, more people have recently started buying altcoins again. While this assumption holds some truth, it’s also partly incorrect. The rise in Bitcoin’s price often leads to profits, which are then used to purchase #altcoins , driving their price up. This is why Bitcoin dominance can be an important indicator.

However, the current trading volume in the cryptocurrency market is very low. Many Bitcoin buyers are in the $40,000 to $60,000 range, and a significant portion of those who bought #ETFs are also within this price range. Are these people selling their Bitcoin now to buy altcoins and push altcoin prices higher? That remains to be seen.

While it would be great if the market were strong and the increased trading volume drove up altcoin prices, I don’t believe we’re in an altcoin bull market just yet, given the limited capital available.

That said, I do see potential in buying altcoins now for significant profits in the future.