– Bitcoin has been trading within a predictable range recently, with its price action showing limited volatility.
– This stability in Bitcoin’s price may tempt altcoin traders to open new positions, as they seek opportunities for potentially higher returns.
– Altcoins, or alternative cryptocurrencies, are often seen as more volatile and can offer greater profit potential compared to Bitcoin.
In summary, while Bitcoin continues to trade within a predictable range, altcoin traders may be enticed to open new positions due to the potential for higher returns. However, it is important for traders to carefully assess the risks and volatility associated with altcoins before making any investment decisions.