Hello everyone, I am Fan Ge from the cryptocurrency circle! It has been a long time since I provided market analysis. After the significant drop in the crypto market, when everyone is panicking, it’s time to analyze the subsequent trends!
After Bitcoin peaked at 108,353 USD, it began to fall back, currently around 102,000 USD, while mainstream and altcoins did not rise with Bitcoin, continuing to decline after Bitcoin's drop! Below are the answers to the most frequently asked questions:
1. Why do mainstream and altcoins not follow Bitcoin and instead make new lows? Is this round of bull market only a Bitcoin bull market?
2. Is the bull still there? When is the expected time for the next rise of mainstream coins and altcoins?
Reply 1: Fan Ge believes the reason mainstream coins do not follow Bitcoin is that this round of Bitcoin's rise is driven by American capital participation. With the approval of the American ETF, various institutions have been buying Bitcoin, while other altcoins and mainstream coins have not been involved, not to mention the many altcoins created by Chinese individuals, which have not seen American capital participation either.
Therefore, Bitcoin's rise does not conform to the trends of previous bull markets and has been completely broken. Mainstream and altcoins without American capital involvement still need to follow the previous bull market washout cycles to rise. This leads to mainstream altcoins lagging behind Bitcoin; it’s not so much that they do not follow Bitcoin, but rather that they cannot keep up with the rise brought by Bitcoin's capital flow!
Reply 2: According to Fan Ge's logic analysis of the first question, this round of bull market is still ongoing, and the collective explosion of altcoins is expected to happen in 2025. Fan Ge believes that the decline of mainstream and altcoins will continue until around January 10, 2025, which means we might only see a bottom rebound around January 10! Then it will rise continuously until around February 15, when it will start to slightly correct, followed by a pullback in March and continued rise in April.
So during this period of profit pullback, maintain a good mindset. Those with funds to buy at the bottom still need to buy at the bottom and quietly wait for the arrival of the super bull market!