Have you wondered what will happen to alternative cryptocurrencies in the current crypto market price action?

In the last hours Bitcoin has sustained an important recovery, this if we consider that it touched again the 96,000 dollars, an element that seems to be a rebound and then fall again and maintain its bearish channel.

Now, as long as Bitcoin continues this price zone it will be interesting to analyze what will happen to alternative cryptocurrencies in the current price action that the crypto market is experiencing.

It has been commented that the current rebound to $92,000 did not generate any positive reaction in retail investors, and on the other hand, neither did it impact on the mood of traders who continue to execute trades in a cautious manner before an eventual break of the 90K support.

It is worth mentioning that there is hope that a bearish contraction will develop in the next week, which will capture the big investors so that in the near future we can see Bitcoin looking for the 100K zone again.

In this sense, beyond the Bitcoin scenario, there are not favorable conditions for alternative cryptocurrencies, since many of them grew speculatively, and therefore, they will have to correct in order to generate better offers at more attractive prices.

Therefore, if alternative cryptocurrencies continue to correct, it is not the time to panic, on the contrary, it will be generating buying opportunities to accumulate those alternative cryptocurrencies with better projection.

The cover image was designed by the author: @lupafilotaxia, incorporating image: Source: itpro