The recent fluctuations of Bitcoin have been quite significant, and during this process of volatility, Ethereum and its ecosystem will closely follow the dynamic trends of Bitcoin.
If Bitcoin shows a downward trend, Ethereum and its ecosystem coins will also decline;
If Bitcoin rises, Ethereum will similarly follow suit.
However, during this period of volatility, a divergence phenomenon will occur.
Ethereum and its ecosystem coins will gradually move towards higher prices along with the fluctuations, while Bitcoin will enter a correction phase lasting about half a month.
The above prediction is based on the trends observed during the same period of the previous cycle, specifically when Bitcoin broke through its 2017 high at the end of 2020.
The most notable common feature is that the U.S. presidential election has already concluded, and at that time, all BTC holders were profitable.
The previous prediction of Bitcoin rising for 22 days has already come true, and the situation is largely consistent; what is currently being discussed is the prediction regarding the subsequent momentum of Ethereum and altcoins.
You can analyze the feasibility of this prediction yourself and carefully consider your investment strategies and methods.
BTC "plunged sharply by $6000 overnight," barely holding onto the critical level of 93,000, while at the same time, Ethereum showed a strong rebound, with funds accelerating towards the altcoin sector.
