The whispers of BTC hitting $150k, even $200k, are growing louder by the day. Influencers are riding this wave with gusto, perhaps a tad too exuberantly. As a long-term investor, my conviction in Bitcoin remains unwavering—I truly believe it will achieve these monumental milestones.
Bitcoin's dominance in the crypto market stands at a formidable 56%, nudging up against resistance levels reminiscent of the peak rally in 2021. Historically, this juncture has heralded a rotation into other crypto assets, causing a dip in BTC dominance as capital flows into altcoins.
Now, let's be clear—I'm not selling my Bitcoin.
But perhaps it's time to consider a strategic rebalance of our portfolios. For me, Ethereum (ETH) looks incredibly appealing right now. The ETH/BTC pair suggests a promising entry point. And let's talk about Solana (SOL)—while SOL/BTC might not scream "buy" at first glance, consider this: Solana is currently priced the same as it was in August 2021 at $73 if you're using BTC. That's a whopping 60% discount from today's dollar price—a fantastic opportunity for a long-term, blue-chip rotation.
So, let's keep our eyes wide open and our portfolios nimble. The crypto landscape is as dynamic as ever, and these moments are ripe for strategic moves. Here's to savvy investing and exciting times ahead! 🚀 Show Less
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