Can Bitcoin maintain its 4-hour MA30? 🤔
When will altcoins become popular? 😊
After Bitcoin surged and then fell back, it has now returned to the 4-hour ma30 support line. If this line of defense can be held, Bitcoin has the hope of rushing to $100,000, or at least reaching the middle of this price box. MA30 may be playing the role of "gatekeeper".
On the other hand, altcoins seem to be getting restless as well. According to CMC data, the Altcoin Season Index is now at 33, up 2 points from 31 yesterday. What does it mean? That is, in the past 90 days, 33 of the top 100 cryptocurrencies have outperformed Bitcoin. Although this number is not explosive, it at least shows that altcoins are quietly making efforts and are unwilling to be suppressed by Bitcoin.
When does the cottage season come?
This is the issue that everyone is most concerned about. Generally speaking, after a surge in Bitcoin, funds will flow into altcoins, ushering in the “altcoin season”. If Bitcoin can really reach $100,000 now, will it give the spotlight to its younger brothers? The index seems to be climbing up slowly, and it feels like the copycat season is not far away.
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Imagine if Bitcoin breaks through $100,000, the market sentiment will be completely FOMO, and funds will continue to flow into the cryptocurrency circle to start the copycat season. Will those obscure little projects#Memessuddenly produce a “hundred-fold coin”?
Of course, there are risks, but not everyone can hold the chips on the gambling table firmly.