Market Highlights and Trends as Bitcoin Surge

[Baofeng]

now if bitcoin starts to correct itself investors will want to put their money somewhere it can earn which is why they look for it in altcoins the liquidity shifts now

Yes, this is what it means in other words "Bitcoin dominance decline", when Bitcoin reaches its peak, investors start selling Bitcoin and buying Altcoin, this means that liquidity shifts from Bitcoin to Altcoin.

This liquidity that moved from Bitcoin to Altcoin is what causes Altcoin season, if this liquidity is pumped into any coin or several coins, it will lead to its explosion.

Correct, right now Bitcoin had a major correction, we are now at $94k and it seems that the market has shift to altcoins already.

Although it could have been that the whole market is in red. I haven't heard or seen news that could trigger this huge retracement. Nevertheless, maybe there are news that put the market into decline.

Or some entities selling that caught the attention of some investors and they panic and push the sell button.

[yhiaali3]

Correct, right now Bitcoin had a major correction, we are now at $94k and it seems that the market has shift to altcoins already.

Although it could have been that the whole market is in red. I haven't heard or seen news that could trigger this huge retracement. Nevertheless, maybe there are news that put the market into decline.

Or some entities selling that caught the attention of some investors and they panic and push the sell button.

There is no negative news that led to this decline in the market, but the nature of the market, since Bitcoin has reached close to 100K and most investors have placed the sale at this target, this will naturally lead to a decline in the market due to the large amount of selling of Bitcoin.

This is a natural correction and the 100K area is a very strong resistance area that may need several corrections before Bitcoin can break through it.

[taufik123]

There is no negative news that led to this decline in the market, but the nature of the market, since Bitcoin has reached close to 100K and most investors have placed the sale at this target, this will naturally lead to a decline in the market due to the large amount of selling of Bitcoin.

This is a natural correction and the 100K area is a very strong resistance area that may need several corrections before Bitcoin can break through it.

Everyone initially expected $100k as a baseline, but when that price was not reached, whales made a sale to influence retail traders to sell their bitcoin holdings before $100k was reached.
And look at the market in the last few days, it has corrected to touch the price of $91K++, but it is still strong enough to hold on and return to the current upside.

This has been set up for whales so that they can get even cheaper prices before the actual bull occurs when the price exceeds $100k.

[0t3p0t]

The continued uptrend has led asset managers like Bernstein to urge investors to consider adding Bitcoin exposure to their portfolios. Meanwhile, prediction market participants speculate that Bitcoin could reach $100K by the end of 2024, to me which is possible , looking at the range when BTC was 65k-90k

Not only that but we might expect more and more big players investing in Bitcoin as soon as Trump administration will officially took office. Trust build up is inevitable here because they are all pro-cryptocurrency and we do expect something is good coming for crypto in the coming months and years.

[vegasus]

Correct, right now Bitcoin had a major correction, we are now at $94k and it seems that the market has shift to altcoins already.

Although it could have been that the whole market is in red. I haven't heard or seen news that could trigger this huge retracement. Nevertheless, maybe there are news that put the market into decline.

Or some entities selling that caught the attention of some investors and they panic and push the sell button.

And the correction is also not a prolonged correction, because in the end, ending November, the price of BTC returned to the range of $ 96k- $ 97k, yes, the point is still very reasonable in that range. And even until now, the ups and downs are not too drastic for Bitcoin, it is only in the range of $ 96k- $ 97k, so, it is still quite reasonable for the development of Bitcoin prices ahead of the next bullrun that we really hope for next year,

Especially if you see how the market is preparing for the inauguration of the US president, wow, this might be much more crowded and go up even faster. but of course, again this is just a prediction and we don't have to get carried away by excessive FOMO, still DYOR

[target]

Correct, right now Bitcoin had a major correction, we are now at $94k and it seems that the market has shift to altcoins already.

Although it could have been that the whole market is in red. I haven't heard or seen news that could trigger this huge retracement. Nevertheless, maybe there are news that put the market into decline.

Or some entities selling that caught the attention of some investors and they panic and push the sell button.

And the correction is also not a prolonged correction, because in the end, ending November, the price of BTC returned to the range of $ 96k- $ 97k, yes, the point is still very reasonable in that range. And even until now, the ups and downs are not too drastic for Bitcoin, it is only in the range of $ 96k- $ 97k, so, it is still quite reasonable for the development of Bitcoin prices ahead of the next bullrun that we really hope for next year,

Especially if you see how the market is preparing for the inauguration of the US president, wow, this might be much more crowded and go up even faster. but of course, again this is just a prediction and we don't have to get carried away by excessive FOMO, still DYOR

Although the Inauguration of Trump is political, it could also turn into a crypto market highlight if this event going to cause the spike of BTC price.

The populist Trump been a BTC supporter since the time of his campaign and partners with few other crypto supporters like Musk and Ramaswammy. And because by Jan2025 Trump will be planning the BTC reserve funds, prices are highly likely going to push up.

[vegasus]

Especially if you see how the market is preparing for the inauguration of the US president, wow, this might be much more crowded and go up even faster. but of course, again this is just a prediction and we don't have to get carried away by excessive FOMO, still DYOR

Although the Inauguration of Trump is political, it could also turn into a crypto market highlight if this event going to cause the spike of BTC price.

The populist Trump been a BTC supporter since the time of his campaign and partners with few other crypto supporters like Musk and Ramaswammy. And because by Jan2025 Trump will be planning the BTC reserve funds, prices are highly likely going to push up.

Yes, I am quite grateful that Trump was elected, even though I am not a US citizen but I have had quite an impact on the cryptocurrency sector. Although with other policies, there will definitely be pros and cons. However, in the cryptocurrency sector, his influence is very large and the crypto market boost is experiencing a faster bullish. and we are really waiting for what will happen approaching and after the inauguration of the president.

Honestly, if you look at the market now, you really want to take profits, but you have to be more patient, seeing that the altcoin season has started but will continue until at least Q1, you have to be wiser and not panic every time there is an increase. keep adjusting to the target you want to achieve, in several stages so as not to be too greedy.