/biz/ - Business & Finance

>>23723535
Monero has some slight weakness after being up pretty big against all other coins. XMR might go down till $105 or even $95 but could also reverse up much earlier maybe even at the current price level, so I'm not trading this.

Fresh money flowing into BTC generally leads to speculators positioned in Alts fomoing back into BTC which by itself leads to even stronger feedback from normies and the remaining Altcoin investors and more money flowing into BTC up to a point where Alts look comparatively cheap and the cycle breaks.

Expect this bull market to have at least three or more full cycles where investors will oscillate from thinking Bitcoin to be depreciated to BTC being the eternal golden blockchain bull coin and Alts just being shitcoins. This will go back and forth and the trading public will reverse their opinion by 180° within a matter of weeks or even days.