Positive vibes are back on the crypto market as Bitcoin continues holding well above the major support levels. Such strong price action has significantly boosted market sentiment, and now many people are waiting for the next breakout to happen. At the same time, some altcoins have become more interesting for trade as the volume increases gradually.
Market conditions can change pretty fast, and therefore risk management plays an important role in trading. Instead of participating in each pump, professional traders usually enter the market only after confirming the breakout.
Macroeconomics, ETFs and institutional adoption still drive the market. In case Bitcoin manages to stay strong for some time, many experts believe that altcoins might show significant momentum in the coming weeks. Nonetheless, crypto market is highly volatile, and therefore each investment requires extensive research.
What do you think about the market? Will Bitcoin break out to new ATH first, or will altcoins lead the next rally? Let us know your opinion in the comments below.