Why is Bitcoin going up while altcoins are plummeting?
songnganhbtc
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Bullish
$BTC appears supermodel does the historical bull run pattern repeat??? Currently, many people are buying BTC because BTC is in an uptrend and the price level of 95k is much lower than the peak level of 99k, combined with BTC moving in a consolidation zone when the price approaches the support level of 95k and then rises back to the resistance zone of 98-99k from the period of November 15, 2024, until now. However, many people are currently doubting themselves when buying BTC at the support level for quite a long time, but the profit is not significant, combined with the continuous fluctuations causing many to feel very discouraged and drop out at the current stage. But looking back at previous cycles around October 28, 2024, or May 2, 2024, we are at a wonderful price range which is the supply-demand testing zone (test in phase C) with an upward testing pattern (demand is overwhelming supply, causing when the price drops near the support zone, demand immediately steps in to support the price, causing it to rebound) similar to the two points mentioned above. Therefore, there is a high possibility that tonight a breakout will occur from the 96.7k zone after forming an upward consolidation pattern (demand is overwhelming supply - causing the price to tend to breakout upwards). However, one thing is certain: nothing is certain in this market, so when betting on BTC for an upward breakout, one must always remember to set a stop-loss for insurance; the above scenario does not always happen, and it is important to remember that it is only a high possibility! As for those holding assets, hold steady; however, if BTC shows a test point at the 96.7k zone and fails similarly to the session at 7 AM on December 2, 2024, there is a high possibility that BTC will drop to the price level of 93k to start the process of shaking off individual investors. In that case, those holding assets should pay attention ...#2024WithBinance
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