Bitcoin and the aggregated crypto markets have been incurring major volatility as of late, with BTC surging to fresh 2019 highs yesterday before rapidly plummeting. During this volatility, most major altcoins failed to match Bitcoin\u2019s gains on the way up, but subsequently plummeted lower when BTC failed to maintain its upwards momentum.<\/p>\n
Now, one prominent cryptocurrency analyst is noting that the next Bitcoin bull run may be different than ones seen in years past, as many altcoins may not surge during the next parabolic market cycle, which will lead many of them to die off.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading down 13% at its current price<\/a> of $11,300, down significantly from its 24-hour highs of over $13,500, which were set yesterday right before BTC faced a sudden influx of unexpected selling pressure.<\/p>\n This massive volatility is certainly emblematic of the price movements seen in previous bull runs, and although Bitcoin\u2019s latest drop is certainly bearish, while zooming out and looking at its price action over a one week period, it is clear that bulls are still in control, as BTC is still up from its one-week lows of $9,300.<\/p>\n It is important to note that this volatility has been devastating for the aggregated crypto markets, as many alts did not follow BTC up to fresh year-to-date highs but have mirrored Bitcoin\u2019s latest drop.<\/p>\n At the time of writing, major cryptos including Ethereum, XRP<\/a>, and Litecoin are trading down 15%, 17%, and 14%, respectively.<\/p>\n Although the latest drop is certainly bearish, Bitcoin Birch \u2013 a popular cryptocurrency analyst on Twitter \u2013 said in a recent tweet that the latest dip may actually contribute to healthier long-term growth.<\/p>\n \u201cThe bear\u2019s case for another shot at cheap $BTC, an $ALT season, and healthier long term growth… Would you buy this dip?\u201d He explained while referencing the below chart.<\/p><\/blockquote>\n The bear\u2019s case for another shot at cheap $BTC<\/a>, an $ALT<\/a> season, and healthier long term growth…<\/p>\n Would you buy this dip? pic.twitter.com\/MaOokWwBhO<\/a><\/p>\n — Birch (@BitcoinBirch) June 26, 2019<\/a><\/p><\/blockquote>\n\n