New year will be fantastic for altcoins✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Bitcoin again made new all time high today and now trading above $106k. Btw today i am going to discuss about current state of the cryptocurrency market, particularly focusing on altcoins and Bitcoin. Many investors are feeling anxious as Bitcoin has been experiencing a surge, while altcoins have not performing well. This situation is creating panic among investors, as they fear that if Bitcoin experiences a correction of 5-10%, altcoins could suffer even more. Historically, Bitcoin has shown positive performance in December after halving years. For instance, in 2012, Bitcoin traded in a range without significant price movements; in 2016, it saw a 50% rally, and in 2020, Bitcoin saw a 140% increase. Charts suggest, when Bitcoin shows positive growth in December, it typically continues to rise in the following months (Q1). However, altcoins, particularly Ethereum, have lagged behind. In 2016 and 2020, while Bitcoin surged, Ethereum did not perform as well initially, but later caught up and outperformed Bitcoin.

Ethereum needs to perform better against Bitcoin for a broader altcoin rally to happen. Ethereum’s price action is crucial for the altcoin market, and until it starts outperforming Bitcoin, altcoins are likely to remain stagnant. It also mentions the importance of Bitcoin dominance and Ethereum's funding rate, which gives insight into the market's health and liquidity. Guys, for altcoinse to rally, Ethereum must break certain resistance levels and outperform Bitcoin. I advice you all look closely on Bitcoin dominance and Ethereum's price action for potential market shifts. That's it for today. Thanks & have a good day!!