The Biggest Altseason in History is Coming!
If the market follows the positive scenario, we will witness not only the biggest altseason in history but also a new all-time high for Bitcoin. This could lead to a massive influx of investors, a sharp increase in crypto market capitalization, and a new wave of growth for the entire industry.
Market Analysis:
Currently, there are two possible market scenarios:
1. A rapid reversal, leading to new all-time highs for Bitcoin.
2. A downward trend.
The longer the price stays in a sideways range, the higher the probability of Bitcoin declining.
I still have a positive outlook on the market and remain a "bull." However, if Bitcoin breaks below the $84,000 mark, the drop could be severe. How deep it will go is uncertain, but after this level, there is a "void." The nearest support is around $70,000. At the same time, altcoins will inevitably reach new lows.
Unfortunately, technical analysis is ineffective due to manipulations by market makers who operate on a short-term basis and orchestrate sell-offs for their own benefit. This makes accurate predictions difficult, although I still hope for a positive outcome.
Negative Scenario:
If Bitcoin breaks below $84,000 and crashes, altcoins will reach their lowest levels, causing many investors to leave the market for good. Bringing them back will be extremely difficult. In the event of a serious market collapse, some exchanges may go bankrupt, and not only retail investors but also major players who suffered losses or failed to profit may exit the market.
It can be said that, for the next few years, a purely "bearish" scenario and negativity will dominate. The crypto community may not recover, and cryptocurrencies may no longer be of interest to anyone in the future.
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