The current lack of liquidity in the market will inevitably suppress the upward potential of Bitcoin.
The previous high for Bitcoin is around 110,000. If Bitcoin breaks through the pressure level of 97 and continues to reach around 110,000, the increase would only be 17 points.
So how much of a splash can altcoins make?
In my view, for a significant secondary market rally to occur, Bitcoin needs to either rise to create substantial space or drop to create substantial space.
Otherwise, there won't be significant opportunities in the secondary market!
Therefore, observing more and acting less is the survival strategy moving forward.
