The current trend of Bitcoin is indeed difficult to predict accurately, but taking a closer look at the altcoin market, there may still be at least half of the downward space left.
The reason can be found in the correlation between Bitcoin and altcoins. The market performance is clearly unequal—when Bitcoin rises by 10%, altcoins often struggle to keep up; while when Bitcoin falls by 10%, altcoins frequently plummet by 30% or more.
It is worth noting that Bitcoin has been consolidating at a high level for a considerable amount of time. A pullback of around 20% would technically fall within the normal adjustment range. Even if we are still in a bull market cycle, experience shows that a significant price dip typically occurs before a new round of increases—this is a phenomenon familiar to seasoned market participants.
Based on these market dynamics analysis, the possibility of a 50% correction in the altcoin market is indeed quite high. Investors need to closely monitor the Bit trend, as it remains the barometer of the entire crypto market, and its movement will directly affect the price performance of all other digital assets.
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The current trend of Bitcoin is indeed difficult to predict accurately, but taking a closer look at the altcoin market, there may still be at least half of the downward space left.
The reason can be found in the correlation between Bitcoin and altcoins. The market performance is clearly unequal—when Bitcoin rises by 10%, altcoins often struggle to keep up; while when Bitcoin falls by 10%, altcoins frequently plummet by 30% or more.
It is worth noting that Bitcoin has been consolidating at a high level for a considerable amount of time. A pullback of around 20% would technically fall within the normal adjustment range. Even if we are still in a bull market cycle, experience shows that a significant price dip typically occurs before a new round of increases—this is a phenomenon familiar to seasoned market participants.
Based on these market dynamics analysis, the possibility of a 50% correction in the altcoin market is indeed quite high. Investors need to closely monitor the Bit trend, as it remains the barometer of the entire crypto market, and its movement will directly affect the price performance of all other digital assets.