Bitcoin has experienced a decline in bullish momentum after initially rising with the election of US President-elect Donald Trump. The much-anticipated $100k price target for Bitcoin has not been reached, leading to increased speculation about its future movements. As a result, many crypto traders are shifting their attention to altcoins.
This shift in focus from Bitcoin to altcoins is seen as a potential catalyst for the next major rally in the cryptocurrency market. With Bitcoin struggling to maintain its upward trajectory, altcoins may provide new opportunities for growth and investment.
The current environment in the crypto market suggests that altcoins could be poised to lead the charge in the upcoming rally, as traders and investors look for alternatives to Bitcoin's stagnating price performance.
