Things are going surprisingly well, BITCOIN seems to hold the $95,000 level and its dominance has fallen steadily over the last 10 days which is good for ALTCOINS to have their "temporary" moment of glory...
However, we are approaching a key "floor" in BITCOIN dominance, 54%, what I expect at this time is that there is a strong rebound at this point and the profits made in altcoins go back to BITCOIN...because, dear friends, I find it hard to believe that this BITCOIN bullish cycle is over already.
If I am right, we may soon see a correction in the altcoin market, and also in HIVE, which will make us "doubt" about the end of the cycle.
I still think that the current FOMO is nothing like the FOMO experienced in past cycles. There still have to be more "shoe shiners" on the street investing and buying BITCOIN like crazy. That moment of maximum euphoria does not seem to have arrived, although we have experienced a preamble with Trump's victory.
In my opinion, BITCOIN still has a long way to go in the coming weeks... be careful, because this cycle has quite a few similarities with the one experienced at the end of 2017 where the bubble burst at the beginning of 2018 in the midst of Christmas euphoria still...
Disclaimer: This is not investment advice of any kind.
I also have the Impression that we are not close to the top of this cycle. And if 80% of the gains Are made in the last 20% of the bullmarket we can still expect some Nice gains.
And yes, Bitcoin will march further. 150-200k is still my expectation.
Pareto's Law!
You got it 🤝🏻😅
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There is one key difference though... December 2017 would correspond to December 2025, not 2024. It's way too soon to burst at the end of 2024, in my opinion. And we can count both calendar and market sentiment as indicators.
Agree
It looks BTC managed to pass that 100k barrier. That rebound hit just like you predicted.
I also agree. Lets see . hopefully best.