The Immense Divergence Between Bitcoin and Altcoins: Are Altcoins Even Going to Make It This Run?

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This has been Bitcoin's bull run, I must say. At this point, understanding the chart phenomenon of divergence makes me wonder if altcoins are even going to be invited to the party -- it is a good thing Hive has VSC and V4V, because altcoins not positioned well may not make it!

This video thumbnail says a lot by itself: if you have an asset that is showing a run in any direction and a major indicator going in the opposite direction, that’s a divergence, and this video explains how they tend to play out and how to work with them successfully. Wrap your mind around these concepts, because the crypto market is showing a divergence of considerable size: Bitcoin has been running up in most of this cycle while altcoins keep finding ways to go lower this run — two of the three market components are going in opposite directions while stablecoins sit stably and await developments. We also can know from history that such divergences have usually been bullish for altcoins; they tend to get in step and run before the end of the cycle.

There is a great deal of information in this video that suggests that the altcoin rally that so many are hoping for, when coins including Ethereum and Hive will finally catch up with Bitcoin’s amazing run, will indeed come … but patience is essential.

However, one of the commenters on this video made an important comment: “He can say he's right whatever happens because he's already said it can go either way, so whichever way it goes, he's right.” What this commenter and Mr. Fouz himself have spotted on the charts is the already massive divergence, bigger than in previous cycles, between Bitcoin’s run and what altcoins have done. Mr. Fouz says that Bitcoin has gone almost as high as it will, and that matches with the point in the cycle that we have reached, just $60-80K from Bitcoin’s predicted terminal price, just five months from the mathematical top necessary to end Bitcoin’s run this time out. Altcoins still have some time, but we don’t know for certain if the huge divergence is telling us something bullish or bearish. We can just know, from here, that the divergence exists, and that if Bitcoin tops out in the next five months and starts to seriously come back down before altcoins move, they will not have a run at all.

I notice, though, that crypto projects are figuring out that they need to align more with Bitcoin, and we are blessed that Hive is already in position in a lot of ways! Not that Hive does not have unique elements that make it worth investing in on its own merits ... but this bull run, so far, has been all about Bitcoin!