#CryptoMarket4T The Fate of Alternative Currencies is in the Hands of Bitcoin
Analysts believe that this enthusiastic rise in alternative currencies is entirely dependent on Bitcoin's movement, with two possible scenarios:
1. Positive Scenario: If Bitcoin's price exceeds the critical resistance level of $124,000, the upward trend is expected to continue, prolonging the life of the altcoin season and increasing capital distribution to them.
2. Negative Scenario: If Bitcoin falls below the support level of $110,000, it could lead to a sharp decline, causing massive liquidations due to high leverage usage, and many alternative currencies may see prices drop by more than 10%.
