Bitcoin has recovered back and the current price is around $92K but what about altcoins? Dominance is one again increasing which signals that altcoin season is not going to start very soon.
When Bitcoin was at $92K the price of hive was at $0.32 but when BTC again reached this level the price of hive is $0.26. Which clearly identifies that altcoins are struggling. This is not the case only with HIVE but all others coins.
One thing to keep in mind that within 3-4 months altcoins must be at its high otherwise the bear session will start and then there will be no more altseason to come.
The end of this year should be a deadline for taking the profits, if incase there is no altcoin season during this time then its better to withdraw your amount and make yourself prepare for the next bull run which will take around 4-5 years.
Anyway these are my thinking and I might be wrong. You must be prepare for every condition in order to reduce the risk of your loss.
THANK YOU!
Hey there! Great analysis on the crypto trends. It's indeed a tricky dance between Bitcoin and altcoins. Your timeline for altseason and bear session prep sounds solid. While we all hope for the best, being ready for any twist is smart. Thanks for sharing your insights! 🙌