If you are just looking for a sword on a boat, follow the previous bull market. Here we are mainly talking about time, and we will see the price when the time comes, and make a rough estimate.
If the market moves strongly, BTC will not start to pull back by 20% until late December, then consolidate for one month, and then rise for another three months, until March or April next year.
With this trend, there may be another bull market with a top divergence in the second half of next year.
The price point is estimated to be 110k-85k-150k.
If the market continues to be weak, it will immediately enter a correction, then adjust for half a month and rise to Q1, the time of the election.
The price point is estimated to be 95k-80k-110k
Of course, there is also the weakest bear market scenario. At present, the probability of it is not particularly high, but referring to the trend of alts, it is not impossible to occur.
In fact, it is an extension of the weak bull market. When it falls to 80k, it will not only fall, but continue to fall below 70k, ending the bull market and looking for support around 55-60k.
Ps: Don’t say that carving a mark on a boat to find a sword is useless. In March, many people said that the sharp drop after the halving was like carving a mark on a boat to find a sword. Those who didn’t believe it are still stuck at the top of the mountain.
3 100x Altcoins Worth Ambush!
1.LTC
Litecoin has partnered with Singapore-based cryptocurrency exchange Coinut to launch Wrapped Litecoin (WLTC) on the Ethereum blockchain. This new initiative allows Litecoin holders to access Ethereum’s diverse ecosystem, including staking, lending, and decentralized applications (dApps). As a result, Litecoin users can now extend their usage beyond the Litecoin network and benefit from Ethereum’s capabilities.
Wrapped Litecoin (WLTC) will maintain a 1:1 peg with Litecoin, ensuring seamless value transfer between the two blockchains. Coinut CEO Xinxi Wang said the partnership combines the reliability of the Litecoin ecosystem with the wide range of services available on Ethereum, unlocking new possibilities for Litecoin users.
From a price perspective, Litecoin has broken out of a long period of consolidation, ending a three-year downtrend, the latest technical chart shows. This shift suggests that Litecoin may enter a new upward phase driven by positive technical indicators and improving market sentiment.
The Relative Strength Index (RSI) on the weekly chart is above 59, indicating good momentum and that Litecoin is not overbought. Recently, Litecoin has gained more than 6% and its price is currently above the $80 mark. The market sentiment remains positive, as reflected by the Fear & Greed Index, which is at 80 (Extreme Greed).
Furthermore, Litecoin is trading 21.22% above its 200-day simple moving average (SMA), indicating a strong trend. Litecoin has been trending up 15 of the past 30 days, indicating a balanced outlook for future performance.
2.OP
The optimism has attracted attention due to its recent price action and growth potential. After reaching a peak of $4.85, the coin experienced a decline and is currently trading at lower levels without any significant changes in the token supply.
Despite the decline, the Relative Strength Index (RSI) on the weekly chart has reached around 44, which previously marked a turning point for the coin. In the past, when the RSI reached this level, the price rose sharply, suggesting that similar upward opportunities may exist in the future.
The project itself remains strong, especially due to its connection to Ethereum, and its scalability is seen as a key asset. As $OP continues to build in the Ethereum ecosystem, it is likely to see price increases in the future, and could be a solid choice for those looking to take advantage of the next rally.
However, it is expected that if the price continues to fall, it may fall to the level of around $1, which will provide an opportunity for significant accumulation. Given the potential for future gains in Optimism and the strong fundamentals supporting its growth, it remains a coin worth watching.
3.ABOUT
Sui Coin has performed well this year, climbing from a low of $0.61 to a high of $3.51, a significant increase. This price action is noteworthy given that the coin has experienced supply injections, which typically put downward pressure on the price.
The token benefits from its strong fundamentals and its potential in a decentralized ecosystem, especially in terms of scalability and speed.
Sui Coin is positioned as a high-performance blockchain that provides the advantages of Web3 while easily implementing the functions of Web2. It is designed to handle high throughput and provide affordable solutions, making it stand out in the highly competitive blockchain field.
Despite the general market downturn, the Swiss franc has shown impressive resilience, rising 48% in the past seven days and 68% in the past month.
This strong performance compared to other altcoins that have suffered greater losses highlights its growth potential and makes it an attractive option for investors.
$SUI’s market cap has exceeded $9.74 billion, and as its ecosystem continues to develop, $SUI is likely to grow further, potentially reaching a market cap of $10 billion to $15 billion.
