Bitcoin according to TradingView data recorded 9 consecutive days of growth, during which its price increased by 11.40%. From $103,500 it climbed up to $115,500, successfully recovering approximately half of the liquidation that occurred during the previous correction.

Bitcoin erased half of the liquidation after a sharp correction

The correction lasted 10 days and caused a drop from the all-time high of $126,200 to the mentioned minimum of $103,500. Many analysts described it as a natural reaction after the sharp rise the market experienced in the first half of the year. The current rise of Bitcoin, however, indicates that the market is gaining strength again and buyers are taking the lead.

An important moment was the breakthrough of the resistance from the previous correction. On the chart, we marked this situation with a red circle. This point signals confirmation of a trend reversal. Bitcoin therefore not only erased part of the losses but also opened the way for retesting historical levels.

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Altcoins losing momentum

Despite the positive development, this growth has a significant caveat. Altcoins, which previously followed Bitcoin, now show weak correlation. While the main cryptocurrency steadily breaks new levels, most alternative tokens stagnate. The altcoin market behaves significantly differently from previous cycles.

While Bitcoin rises and attracts more institutional investors, many well-known altcoins fail to reach even half of their previous values. This is particularly unpleasant for investors holding them long-term.

Exceptions include projects like Ethereum and Binance Coin, which also break records and maintain a strong market position. Nevertheless, looking at the altcoin market as a whole, most traders face the reality that their portfolios remain deeply in the red.

In conclusion, even though Bitcoin has once again demonstrated its dominance and ability to recover after a correction, the cryptocurrency market is changing. While it used to be true that “Bitcoin’s growth lifts everything,” today it seems that this era is slowly coming to an end.