#btc15万
According to my expectations from a few months ago, this wave of decline needs to hit three times
It is very likely that there will be a test below 80,000. If it really drops below 80,000, congratulations. Next year we will see 150,000 BTC.
BTC Market Analysis, BTC Trends for Next Year
From the attached chart, we can see that yesterday's high of 106,000 has already reached the top of the 【Gann Box】 arc, which is not a very good signal and indicates a tendency to accelerate selling.
In the next two weeks, there will still be signs of impulse acceleration, and it would be appropriate to sell some altcoins in suitable positions and wait for a significant pullback.
A friend asked me today, if according to the chart the altcoins have already dropped, let's review the last round of consolidation, with a high of 72,000 and a low of 49,000, resulting in a drop of 34%. My emotions are often influenced; does BTC's rise and fall really consider the feelings of altcoins and retail investors?
Institutions cannot hold onto profits indefinitely; in the first half of the year, they trade real assets, and in the second half, they trade bubbles. This is a healthy cycle.
Altcoins are merely an accessory to the crypto world, passively following the ups and downs, but BTC is completely independent.
From the price movements within the box, we can roughly observe a trend, which is that the position of the red dot will be effectively touched. This consolidation range is inevitable. If, and I say if, BTC accelerates to the top, creates new highs, and sets new records, then the crypto market will be over.
Proper consolidation and pullbacks are for higher BTC values. If the red dot can be touched three times before July, then we will see BTC reach 150,000 next year.
For reference only; interested friends are welcome to discuss together.
From the attached chart, we can see that yesterday's high of 106,000 has already reached the top of the 【Gann Box】 arc, which is not a very good signal and indicates a tendency to accelerate selling.
In the next two weeks, there will still be signs of impulse acceleration, and it would be appropriate to sell some altcoins in suitable positions and wait for a significant pullback.
A friend asked me today, if according to the chart the altcoins have already dropped, let's review the last round of consolidation, with a high of 72,000 and a low of 49,000, resulting in a drop of 34%. My emotions are often influenced; does BTC's rise and fall really consider the feelings of altcoins and retail investors?
Institutions cannot hold onto profits indefinitely; in the first half of the year, they trade real assets, and in the second half, they trade bubbles. This is a healthy cycle.
Altcoins are merely an accessory to the crypto world, passively following the ups and downs, but BTC is completely independent.
From the price movements within the box, we can roughly observe a trend, which is that the position of the red dot will be effectively touched. This consolidation range is inevitable. If, and I say if, BTC accelerates to the top, creates new highs, and sets new records, then the crypto market will be over.
Proper consolidation and pullbacks are for higher BTC values. If the red dot can be touched three times before July, then we will see BTC reach 150,000 next year.
For reference only; interested friends are welcome to discuss together.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
96,841.19
+3.29%