Bitcoin's Risk Score Surges to 53, Altcoins Seen as Safer

Bitcoin, the world's largest cryptocurrency by market capitalization, has recently been flagged as riskier than many altcoins, according to an analyst. The risk score for Bitcoin stands at 53, while altcoins like Cardano (ADA) have a lower risk score of 41. This shift in risk perception comes after Bitcoin's recent achievement of a new all-time high. The analyst's assessment suggests that investors may want to consider diversifying their portfolios to include altcoins, which currently present a lower risk profile.

The analyst's argument is based on the idea that Bitcoin's new all-time high (ATH) achievement poses an increased risk of retracement. Historically, Bitcoin has tended to retrace before altcoins, which are often trading below their all-time highs from the previous cycle. This dynamic suggests that altcoins may have more upside potential in the current market conditions.

According to the analyst, Bitcoin's risk model score of 53 indicates a deviation from past cycles. This score suggests that Bitcoin's risk factor has increased, despite the potential influence of external factors on market sentiments and price trends. The analyst's analysis is based on historical data and current market conditions, highlighting the unique behavior of Bitcoin in the current bull cycle.

In contrast, altcoins like Cardano (ADA), Chainlink (LINK), and Ethereum (ETH) exhibit lower risk scores, suggesting they may have more upside potential. Cardano's risk score of 41 supports its bullish outlook, while Chainlink's risk score of 39 and Ethereum's risk score of 37 indicate lower risk factors compared to Bitcoin.

By combining these data metrics, the analyst concludes that the current risk factors and the dynamics of Bitcoin/altcoins dominance appear to align in support of an upcoming altcoin season. This market situation is anticipated by many crypto users and could unfold in the coming months. The analyst's assessment is based on current market conditions and risk scores, and it does not take into account any future market movements or changes in risk scores. Investors should conduct their own research and consider their risk tolerance before making any investment decisions.