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RE: Bitcoin could drop below $40k from here.
Hello @karamyog!
And here I am reading this post in a time that BTC is falling down to 44K range. I heard and read from many, very professional traders that this season will be alt season. The instability of BTC is really scary for the coins that are affected with every single movement of its price. I admit that I lost quite a lot lately from trading yet they are mistakes that I learn from, so I will just focus on learning more on what to do with the current situation of the market.
Thanks for sharing!
There can be no altcoin season if Bitcoin is in correction mode. There may be some groups that push alts higher only to ruin retail traders but altcoin season can happen only if Bitcoin is consolidating or going up. Basic market principles. Bitcoin is the reserve asset of the crypto world. Most adopted worldwide. All other alts are beta plays.