Another wave of low prices for many coins, but did the majors bottom out on February 6th?

Been a tough few days for the crypto market, with a lot of coins hitting new all-time lows today. Surprisingly, BTC and some of the bigger altcoins seemed to have hit their lows back on February 6th, which was nearly 4 months ago. So, what’s this decoupling all about? Are we looking at a potential recovery for some coins once the accumulation phase wraps up, while others just keep tanking? Or is it just a temporary strength in a downtrend, meaning we’ll still see new lows for these major coins eventually, just a bit later?

Nobody knows what will happen in the future, so all we can do is analyze. BTC still dominates the majority of altcoins, but even when they are dominated by BTC, the chances of the price recovering are slim because most dying coins are new coins designed solely for pump and dump. There is no sign to major coins yet, as they continue to follow the BTC price action..

As long as we are above the $60,000 level, there is no indication that a deep correction will occur. It is true that the price may not look good to many, but there is a possibility that we will continue in the $71,000 to $86,000 levels until next October. Therefore, the market is now in a phase of stability and not a deep correction.

Many altcoins are dumping hard because they never had much value to begin with. They previously pumped because of just hype and FOMO, so weak hands are selling off on realising the market is going red. This is not the first time such a thing has happened, and I believe it's normal in these streets. Just make sure you are not caught on the wrong side of holding bags of worthless shitcoins.

It's normal for many coins to experience all time lows and it's also normal for them to pick up to the new all time high. Infact, this bear market period always exposed the fake, promising and reputable crypto in the market for you to choose wisely. I've always looked out on many blockchain based token to only have the strength to pick up to the all time high whenever the bull season arrives, whichever ones that doesn't pick up are the ones with fake teams and poor infrastructure, poor use cases and more. Do thorough research on which to trade.

Actually these past few days i've been seeing some coins going up definitely better than few weeks ago but the rally is miniscule compared to the dump most of them have experienced. I don't expect many of these coins recovers because truth to be told nobody is buying them anymore and have moved on to other things and newer shiny coins for the altcoin market. What people don't understand is altcoin market acts like meme coin market these days except with longer lifespan.

Yup, I admitted that as I see my balance go down but I can handle my emotion and not panic. Bitcoin might down further so you should be careful and prepare to purchase at a low if you think that is good. I watched some altcoin increase although not much but I don't know what will happens later and no one will knows. If Bitcoin still down below $70k, the altcoins may follow Bitcoin down and the bear could happens.

With the way I see the current trend, everything crypto currencies don't pump together. This is more of structural decoupling and this can be easily seen in volume distribution and market breadth. Pay attention to the volume on Bitcoin and altcoins that keep taking a deep. You'll understand that the altcoins don't depend on Bitcoin nor does Bitcoin depend on the movement of altcoins to pump or dump. Hence why any investor who is into diversification of their portfolio into the major and minor crypto currencies, suffer more because the old rule don't apply in this current season anymore.

IMO, each cycle that passes also means that there has to be altcoins that will certainly die. It's also the season of bear so that also gives the factor that many of them will. But for the good ones, they'll eventually recover. If someone is eyeing for an altcoin that they want to hold and it's currently down, you do yourself a favor and take them while they're cheap.

This is a classic late bear market pattern rather than something unusual, so I won't waste much time on this one and won't risk alts for now. You are right about some tokens not getting momentum in the next bull run, but we can't identify them properly yet because we are deep in the bear market. We have to wait for the market to cool down a bit, and in that phase we can find them, because those are the ones that won't show momentum and we don't want to buy them now. That's why, with low confidence, we should not exit crypto completely. Instead, we rotate into assets that we trust and believe can survive, but we also diversify to protect ourselves from major downside risk.

There is always changes in the market and we can’t be that truly expecting the price of all other coins to remain stagnant because, as we know bitcoin is always the leading coin on cmc, but most of the coins out there may suffer lose as well and some of them mainly end up whenever everyone has dumped their coin and if the team behind the project is not that strong enough to make a self funding without them running another sales they would surely bounce back, but many do not succeed bear market and as we know almost every day new projects are also introduced to the community but at last they usually end up being trashed if their coin could not survive the bearish market then you see them dying again.

If the bearish trend continues from next month, then it's possible that Bitcoin could go down to $68/$65k and likely possible that all those  other coins could still dip to a new lower low, I still wonder how some people finds it convincing to say they are expecting an altcoin season meanwhile we are still in a bearish market.

Hmm that skepticism of shit coins with the very high easily manipulated because of its worthlessness for long term values. I'll say some investors are really ignorant though, they'll just jump in inconclusively to invest on the coins they've not really made proper research about but because of hypes they're keyed in a hurry to invest. Greeds is what I've come to understand that misleads most investors who had got this regrettable experiences in the space because even while they're still skeptic about the coins, just because of the short term market performance they gets caught and boom, they're overwhelmed and think they've found one valuable and productive coin which hyping was just imitating the inflow of bitcoin. Unfortunately that most of the relative shit coins goes dump in the short while over their worthlessness.

The ones that we are weak will end up losing all its power and become zero. Not all of it, but there will be some that only survived thanks to being in the bull market, and when everything was going up, those weak ones looked like they were doing alright too, but then when the bear starts, nobody wants to buy it, and everyone wants to sell and get out, so the price crashes to zero. We are going to see even more coins die slowly during this period, as long as there are no bull runs, that means no buyers, and that means most of them going away.

I briefly thought when the price of Bitcoin started rising towards $80k, we would start a new market trend. But we can see that afterward, a decline happened again and of course there is a possibility that a deeper drop will occur and may reach this year's low. The market may really move slower, but we are only at the beginning of the month. We don’t need to rush to speculate on the price now. But certainly, it is moving slower as we are seeing.

There are always many possibilities in the market. However, if we look at the broader picture in the crypto market, we can see that some AI coins have actually experienced quite remarkable gains. For example, Worldcoin has continued to post gains of tens of percent even as others have corrected in line with Bitcoin, which is also correcting. Worldcoin, however, has moved in the opposite direction. I think we’ll see the “season” narrative resurface, where different categories of coins will start rising in rotation. Perhaps it will begin with AI coins first, and there may be a subsequent narrative maybe RWA or something else. However, looking at Bitcoin right now, we must remain cautious because further declines are also possible.

Seeing more lows on this coins is what I’m really foreseeing at this stage. The market is going to crash more, and this will be as a result of Bitcoin market following that trend. When the crash happens, I’m very sure that other altcoins will also touch their bottom prices the more, so this may be in anticipation of what would happen that is yet to happen now. Not all major coins will go to the lowest barest minimum but when Bitcoin dumps, they’ll also obey and fall also in the same direction as Bitcoin. The nature of the market is such unpredictable but with some signs foreseen earlier, one can tell to some extend the trend the market will obey and follow, even if it’s for a short period of time.

Bitcoin hasn’t made me truly believe that one day all the money invested in it will be worthless because its price keeps falling to rock bottom. Not yet, anyway. Altcoins and other junk coins—whose creators are too eager to list them on the market—might be a different story. As long as it remains above $50,000, Bitcoin, in my view, is still an asset worth holding onto in the context at hand. If I may say so regarding the current situation following Bitcoin’s latest ATH, this is a moment for a fresh start.

When I saw bitcoin price alart this morning, first thing that crossed my thought is that, so long as bitcoin keep holding to above $70k price level, we are still in bullish momentum. This price of Bitcoin have created alot of resistance at that level, unlike altcoins if when faced with same market pressure as bitcoin, their will be crashing to rock bottom by now and with no hope of ever recovering. Many altcoins are pumping right now, and same it will go with when the get redded it dump back so quickly, this is not same with bitcoin.

It’s not wrong to hold above the $70k price level and assume Bitcoin is still in a bullish trend, since we still remember the market sentiment when Bitcoin was at the $65,000 price level back then. But regarding the doubts about what he meant, to me it stems from the mental burden of how difficult it is for the market price to break through the $80k level. Investors who understand Bitcoin’s price history and the cryptocurrency market—whether it’s true or just my own perception—are likely very pleased with the current situation after a new all-time high (ATH) was reached above $100k, which failed to reach $150k.