DXY US Dollar Index is in a bearish trend, heading towards 94 points Dollar falls, cryptocurrencies rise.
BTC has once again hit a new all-time high, reaching $104,000.
Finally, money is flowing out of BTC and into altcoins. As a result, $ETH broke the coveted $4,000 level and is now approaching its all-time high of $4,090.
Storm clouds are gathering over USDT. I will definitely share my thoughts on this.
I see the ecstasy creeping in. Friends, please don't get carried away... In the next few posts, I want to share a true cautionary tale about a man.
What's next? My personal opinion and analysis only, not financial advice!
The year after the election — bull markets.
One year later — bear markets.
The end of a BTC bull market could happen anytime from 1 to 120 days from now.
Altcoin season has started and may continue for another 4 months. We are all witnessing the altcoin pump live. The reallocation has started. Check out the BTC dominance chart over other altcoins. But the wild reallocation is still ahead.
#Altcoins won’t grow as much as you might hope compared to the previous cycle The altcoin market has expanded significantly in this cycle. Previously, there were much fewer altcoins. There may not be enough liquidity and concentration to pump as in previous cycles. Be prepared to settle for modest returns ranging from 3x to 10x depending on the altcoin.
The highest multiples will be seen by new projects that have not yet experienced a bull market. This pattern has been repeated in the last two crypto winters. I have observed and analyzed it clearly.
Why do new projects outperform old projects so strongly?
Basically, I see 3 reasons:
1. Funds and people associated with the project receive tokens after the Token Generation Event (TGE) and want to cash them out. They are eager to pump the project to dump tokens at their highest levels during the next bull market. In subsequent cycles, they simply do not have the same number of tokens to run another pump and dump scheme.
2. People tend to believe in miracles. When it comes to actually fulfilling the roadmap, reality often differs from what was promised...
3. Marketing does its job and can keep the market excited for a year or two, maybe three years, but it is very difficult to keep people believing in a project over an 8-year time horizon.
The correction is late.
About the correction. It may not happen, but I think the probability is very high. Growth never happens without pullbacks. A black swan can appear at any time... It could be regulations on USDT, escalating military conflicts, Trump...
It would be good to pick up some other altcoins during the correction that have not yet risen.
BTC levels and targets in case of correction.
There is already a buildup of liquidity there.
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