Bitcoin Leads the Market as Altcoins Struggle: Clear Shift in Investor Sentiment

In the context of the continuous fluctuations in the cryptocurrency market, Bitcoin may create superior strength compared to other altcoins. After a week of full trading, Bitcoin has found relatively stable stability over the weekend with prices maintained around the $96,500 mark for the fifth consecutive year. Although buying pressure is still striving to push the price above $100,000, selling pressure is not weak, as sellers are pushing the price down to lower support levels. The struggle between buying and selling pressure shows that the market is falling into a volatile and directionless state. The Event of Bitcoin and Altcoin Halving Data from Glassnode has found a rather interesting picture of market behavior. While the total market capitalization of all altcoins (excluding Ethereum and stablecoin) peaked at 1.03 billion USD on December 8, Bitcoin reached a symbolic peak of 2.1 trillion USD on January 21. Since those peaks, altcoins have declined more sharply than Bitcoin, indicating a shift in trend from high-risk assets to Bitcoin, seen as a "safe haven" in the current volatile market environment. The Important Factors Investor and Institutional TrustAmid the global economic environment's volatility, advisory organizations are seeking safer assets to protect value. Bitcoin, with its high accounting transparency and increasingly established credibility, has become the top choice.The impact of institutions on Bitcoin has contributed to its value appreciation and stability, while altcoins are facing difficulties.Sword and Stability of BitcoinBitcoin's superior features compared to altcoins make it easier for advisors to trade without causing significant price fluctuations.When the market is exposed to risks, investors often seek assets with high stability, making Bitcoin increasingly attractive compared to highly volatile altcoins.Important Support and Resistance LevelsAlthough Bitcoin has not surpassed the $100,000 threshold, maintaining prices around $96,500 indicates that the currency is still maintained at some important technical support levels.Conversely, altcoins often struggle to find sustainable support mechanisms, leading to sharp price declines after reaching high levels. Future Prospects: Identification and Fulfillment To confirm the growth trend and regain advantage for the buying side, Bitcoin needs to break the current sideways trading phase and surpass the $100,000 level. A strong price surge could boost investor confidence and attract more new capital inflows, setting the stage for market recovery. However, until there are clear signs of a breakthrough, the cryptocurrency market in general will continue to maintain the most reasonable state, with close monitoring of prices thereafter. Transferring capital to Bitcoin not only reflects the priority of advisors for safety but also shows the increasing trend of the market changing. As altcoins gradually lose ground and struggle to find support, Bitcoin reaffirms its position as the top digital currency, overcoming challenges from any variations. Conclusion Currently, the cryptocurrency market is specifically choosing to transform first and foremost towards Bitcoin. The stability and credibility of Bitcoin have helped it overcome difficulties, while altcoins are facing many price and technical support obstacles. If Bitcoin can surpass 100,000 USD, this not only confirms the strength of this currency but also opens up a new era for the cryptocurrency market, as investors regain confidence in the sustainable growth of digital assets. DYOR! #Write2Earn #BTCStateReserves $BTC {spot}(BTCUSDT)