Bitcoin Current Rally To Continue, New Reports Claim

It’s been just revealed that the Bitcoin rally will likely continue, according to the latest reports. Check out the new predictions about the king coin below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $30,748.

Accoridng to the latest reports, the popular crypto strategist Benjamin Cowen says that Bitcoin (BTC) is acting as a leading indicator for the rest of the crypto market as its dominance level inches up.

He rec gently said that the prices of altcoins fluctuate depending on the movement of Bitcoin.

“We’ve seen it play out time and time again where Bitcoin/US dollar [pair] rallies for a while, the rest of the market can rally a little bit beyond it. But if Bitcoin starts to go back the other direction, it’s going to pull everything back down with it.”

He continued and noted the following:

“Remember Bitcoin drives the bus, everything else – they’re just bus riders along for the ride.”

According to the popular analyst, Bitcoin will be leading the rest of the crypto market’s rally over the next couple of years even as some altcoins stagnate during the next bull cycle.

“It’s important for us to recognize that Bitcoin is driving the bus and the altcoin market, they’re the bus riders.”

He also stated this:

“They’re going to go up in a bull market… but it doesn’t necessarily mean they’re driving the bus. They are simply bus riders, they are along for the ride and there’s a good chance that they’re going to miss the ride next time. In 2024, 2025 there’s a good chance some of the altcoins that you really like, they could miss the bus on the next one.”

Stay tuned for more news, and make sure to check out the crypto market as well.