Bitcoin price triggered a quick 2.05% downtick on Friday. Despite being a small downturn, altcoins took a massive hit and are down by double digits. BTC’s uncertainty has created a dilemma on whether they should buy the dip or sell. The cryptocurrency market has been extremely sensitive to Bitcoin price moves lately. The recent crash caused altcoins to register double-digit losses. While some argue this could be a good opportunity to buy the dip, others warn of an impending sell-off.
Of this, $254 million belong to the bulls. Total liquidations Read more:Bitcoin Weekly Forecast: BTC struggles, but $80K is at striking distance What to expect next? The altcoins are clearly looking to Bitcoin for directional bias, so let’s understand where BTC stands. As explained in previous FXStreet publications, BTC’s short and long-term market structure remains uncertain. Crypto analyst and influencer Cold Blooded Shiller posted a tweet simplifying BTC's directional bias.