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RE: LeoThread 2024-12-08 08:18

in LeoFinance24 days ago

Part 4/9:

Bitcoin is often seen as the "north star" of the cryptocurrency market, leading liquidity and guiding altcoin prices. Indeed, the altcoins tend to follow Bitcoin's price trends, much like the proverbial meme of Tom Hanks running with a crowd behind him. During any crypto cycle, Bitcoin will often precede movement in the altcoin market.

Understanding this relationship is crucial because it can significantly influence your trading strategy and profit-taking schedule during market peaks.

Historical Patterns and Current Projections