The crypto market is a confusing space. Not only do investors need to pay careful attention to Bitcoin market cycles driving the overall sentiment, but also to the relationship between BTC and altcoins like Ethereum and Litecoin.
As two of the top altcoins with the most longevity in the market, Ethereum and Litecoin can be reliably used as a barometer of the health of the altcoin space, and if, as a whole, they are exhibiting strength or weakness against BTC.
One crypto analyst, looking back at past Bitcoin market cycles, expects there to be one last dip in altcoins before they begin to rally just as hard as BTC has.
Bitcoin Bull Rally Sucks Crypto Capital Out Of Alts
Over the last few weeks, Bitcoin has grown from a bullish retest of $10,000, to over $16,000 and still climbing. The massive “buy signal” caused a wave of retail and institutional FOMO.