Minor correction of bitcoin after reaching ATH

After the bitcoin rose yesterday and crashed ATH, the price fell again by about $2000, and I will not say a drop, maybe a slight correction before launching again to 70k, but we are still waiting for whether the rise was a trap for future traders, or did the investors take their profits.

But the decline of Bitcoin had a direct impact on the rest of the cryptocurrencies, as most other currencies fell about 4% after they were on their way to rise.

The bad thing is that the decline of Altcoins was not fair this time, as some currencies could not jump as well when Bitcoin rose yesterday, but in the decline everyone follows it.

As for Ethereum, it is still holding on to about the same percentage that Bitcoin has fallen and is keeping its momentum largely waiting for the market to stabilize after this minor correction.

What could happen in the future?

After any correction, the market goes through a dry period before any rise occurs again, but we are not worried this time as long as we are above 60k, we are still in a bull wave.

Reaching 70k still needs a lot of preparation, which for me will be considered the best period to prepare for this huge rise, which is approaching the end of the year or the beginning of the new year, so reaching 70k will make a big noise and will bring more investors and traders.

As for Altcoins, they still suffer from the dependency on Bitcoin, which, as I mentioned at the beginning, there are some currencies that did not rise with the rise of Bitcoin, but accompanied it with a decline, and this is what angers many Altcoins holders.

Especially since, as we mentioned, the bitcoin fell 2%, while most Altcoins fell about 4% or 5%, but to be fair when the bitcoin is in a stable and rising state, some currencies rise more than the rise of the bitcoin, as the matter may be even in many cases.

So, getting rid of the dependency on Bitcoin will not be easy at all, but we still have a lot of time to achieve this, but with Bitcoin approaching 100k, this time will not be in the near future.

Image Source

Image Source

Thank You

---

_{Posted via proofofbrain.io}