Bitcoin (BTC) $93,746.2 price At the time of writing, it was at $94,400 and reached its daily peak. After the drop to $91,500, the recovery was also extremely rapid. Although the altcoins have not turned green yet, it is a good sign that BTC was able to bounce back quickly by sweeping the liquidity at lower levels. So, what are the experts’ final evaluations? What awaits altcoin investors?
The Rise Will Begin in Altcoins
Crypto Rover with the chart he shared minutes ago crypto- He wrote that a big movement will begin in currencies in 2 days. The analyst, who made hopeful statements for the rise of altcoins based on the chart below, predicts a decline below 56% for BTCD. Bitcoin Market dominance saw a major peak in the ATH process, and BTC dominance weakened with the subsequent sales.
In 2 days, we will see whether Rover was right with the new year.
Bitcoin (BTC)
BTC price It started to fall rapidly after the news of MicroStrategy’s acquisition. The king saw its daily bottom at $91,530 in minutes cryptocurrency The unit has now returned to over $94,000 in about an hour. Considering that the daily peak is at $94,200, we can better understand the importance of this reversal.
Roman Trading, who correctly predicted some previous declines for BTC as it approached its daily bottom, wrote:
“This is similar to our transition from 38,000 to 70,000 last year. Even the timing is similar. Low volume on the decline (Bullish PA), Deviant breakout recovery and continuation of macro uptrend.”
If the analyst, who is known for his caution, is right, Rover’s warning that the altcoin rise may begin within 2 days may come true.
At the same time, Jelle shared the chart below and wrote the following about his investment strategy:
“2024 is almost over. It’s time to think about what we’ve done.
Just like last year, 2024 has been spent mostly doing nothing.
I say almost; because 2024 also meant that our profit-taking strategy came into effect. I took my first profit in March, some in April and May – and then started again when #Bitcoin surpassed 70k in November. I also started reducing my Solana position around that time, as it too reached an all-time high. So far, these TPs have covered my initial investment in 2022 many times over – meaning that the cycle is already a profit and from this point on I am only playing with house money.
Still, there’s a lot of money on the table for me and I intend to keep it. I will continue to make a weekly profit by selling 2% of my Bitcoin and Solana holdings weekly. I continue to be patient with ETH and will start taking profits from it as soon as it enters price discovery (around the end of January, early February). I will sell 10% when it enters price discovery and 2% weekly thereafter. “The plan is the same: scaling slowly.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
