Since January, in less than four months, the valuation of the crypto market is up around $52 billion from $125 billion with the bitcoin price comfortably hovering above the $5,300 mark. Historically, alternative cryptocurrencies, or altcoins, have performed particularly well when bitcoin demonstrates a sideways price movement or remains stable in a tight price range.

While bitcoin has been relatively stable in the $5,200 to $5,300 range, due to the lack of upside momentum of altcoins, some traders have become less confident in the near-term prospect of altcoins. Will Bitcoin Dominate? According to a widely recognized cryptocurrency trader, the altcoin

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