Part 3/8:
While altcoins often have their narratives and strengths, their performance is intricately tied to Bitcoin. If the Bitcoin market begins to decline, it is prudent for investors to reconsider their positions in altcoins. The common perception among some influencers is to wait for Bitcoin's price to hit certain levels; however, this strategy may overlook the nuances of altcoin trading dynamics.
Rather than developing singular price targets for Bitcoin, a more nuanced approach considers Bitcoin’s market trends, such as its dominance and engagement with altcoins. It's essential to track Bitcoin's market momentum, especially during periods of broader market cycles.