It's been 45 days since Bitcoin reached 100k and 20 days since its all-time high of 108k. The market is currently moving sideways and remains below the key resistance zone. Unless we witness a breakout and increased trading volume, it's tough to predict the next move. However, one thing is clear: most altcoins experienced significant drops of 40%-60% during the December 9th market crash.
Since then, many altcoins have rebounded by 15%-30%, and a few have fully recovered. While it's uncertain if another major dip is coming, especially after such a steep 50% decline, I believe it's unlikely to happen and now could be an ideal time to start accumulating altcoins if you haven't yet. The risk of staying out of the market is higher than the risk of being invested in altcoins at this moment.
Make sure you follow my socials, I'll be sharing a list of altcoins that will be doing well this season. Please hit that like button to support nd share your views in the comment section. Thank you
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