Bitcoin Surges, Altcoins Lag: What's Holding Them Back?

If now I say that Bitcoin will reach the level of 100k will not be wrong this is because we are seeing a good momentum in Bitcoin and a continuous buying of US government and blackrock company is helping the price towards upside.

Still there is a worry for the investors that why other altcoins are not rising.

There are a lot of people who have invested in altcoins and they are waiting for the recovery even but still their coins are not moving.

With the Bitcoin rise by 30%, altcoins also rise with the same percentage that is 20 to 25% only.

I remember in the previous bull run, when BTC only moves 2% other alt coins move more than 20% but with this time this is a change scenario and that is why many experts always tell that this bull run will be more different with previous one.

There is more buying in Bitcoin only this time, the US general election helped a lot for the bullish momentum and we see Donald Trump is totally in favor of crypto and he told that we will regularize Bitcoin almost in every corner of the world.

These are obviously a good news for the crypto market and we are seeing the result that Bitcoin is almost near to 90,000.

The question arises why altcoins are not moving, what is the problem and when the time will come.

One thing is sure that Bitcoin dominance plays an important role for the altcoin season.

Till when Bitcoin dominance is up there will be no movement for altcoins as soon we see that Bitcoin dominance starts going downside then alt movement will start.

Bitcoin dominance will start decreasing this will happen when we see Bitcoin price starts getting stable, no more dump no more pump. In this scenario, BTC dominance will start decreasing and Altcoin season will start.

Let's hope for the best for other investors who are invested in Altcoins.

What do you people think about Altcoin season? Will it start after Bitcoin reaching 100K? will be glad to see your answers in the comment section.

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IMAGE TAKEN FROM CANVA

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