Part 2/7:
Breaking through this psychological resistance isn't just about numbers; it represents a shift in investor sentiment and market behavior. It signifies momentum that could potentially influence not only Bitcoin but the wider cryptocurrency market, including various altcoins.
The Market Dynamics Beyond Bitcoin
Currently, while Bitcoin is still testing the $100,000 waters, other significant market indices—like the total market cap excluding Bitcoin—are exhibiting upward trends. This indicates that as Bitcoin rises, altcoins might finally get the attention they deserve, potentially igniting a wave of growth across various cryptocurrencies. Yet, despite Bitcoin's promising peaks, the overall altcoin market has been lagging.