What a crazy week! 🙃
$BTC came incredibly close to $100k and is now consolidating just below that mark. What I love to see is how $ETH showed significant strength, making a 10% move in just one day. The drop in $BTC dominance is a welcome sight. I believe it's time for altcoins to shine, provided $ETH and $BTC continue to behave well.
Regardless of what happens, the sentiment is very positive, and I believe money will flow into altcoins. We just need to be patient.
Three days ago, $ETH demonstrated how quickly it can catch up with $BTC, and the same potential exists for other altcoins. They can achieve 50% gains in a single day. I believe the $ETH/$BTC ratio is crucial right now. I'm watching the 0.04 level ... if it breaks, fireworks are sure to follow.
As I've said before, patience is key. Overall, things look promising. Just don't be alarmed if we encounter some corrections; it's all part of the game.
Have a nice weekend! 😊