Recently, the price of Bitcoin has corrected to $90,791, showing a downward trend from a technical perspective. This correction has also led to declines in many second-tier mainstream coins and popular altcoins, such as ETH, BCH, LTC, DOGE, and XRP, all experiencing varying degrees of correction. Does this mean that Bitcoin's upward momentum has reached its end and can no longer break the $100,000 barrier?
1. Bitcoin's Future Trend Prediction
Since the first interest rate cut by the United States, Bitcoin and the entire cryptocurrency market have entered an upward mode. The subsequent U.S. election, along with the influence of Trump and Musk, has pushed Bitcoin and Dogecoin to new heights, leading to the arrival of this bull market. However, I believe that the current correction is not a short-term phenomenon; we may face a period of wave fluctuations ahead, with an overall downward trend. In the coming period, Bitcoin may even fall below $90,000. Even when Trump officially moves into the White House in December and releases positive news, Bitcoin may only hover between $90,000 and $100,000. Even if it briefly breaks through $100,000, it is unlikely to trigger significant upward volatility.
During this period, large holders may cash out at high points. Therefore, I believe that now is a good exit point for Bitcoin. Even if Bitcoin breaks through $100,000 in the future, the space and profits above are relatively limited. Large funds are unlikely to aim for small profits at this point.
2. Opportunities for Second-Tier Mainstream Coins
As Bitcoin corrects, mainstream funds and large holders may turn to second-tier mainstream coins. Among them, ETH has not yet fully exerted its strength in this bull market, but there is still significant room above. I believe that in this bull market, ETH is likely to rise above $4,000. If it fails to reach this price level, market confidence in Ethereum will significantly decline. Therefore, market makers and project parties may raise prices to attract funds and retail investors. If ETH can break through $4,000, based on market trends, we can even expect it to rise to $4,500, $4,800, or even $5,000.
Meanwhile, BCH, as a pillar of mainstream coins, is also expected to welcome a wave of upward opportunities. Although BCH has not yet broken this year's high of $568, I believe it is likely to break this year's high of $719.5 in the near future. Of course, now is not the best entry point, and investors should wait for a suitable opportunity after a deep correction to enter for greater profits.
3. The Timing of Altcoin Rise
As second-tier mainstream coins rise to a certain height, altcoins may welcome a real moment of rise. Many mainstream coins have made a fortune in this bull market, and the market makers of altcoins will naturally not be willing to fall behind. Therefore, there may be more positive news coming from altcoins, and big figures will continuously come out to hype up the popularity and price of altcoins. At that time, some highly potential altcoins may soar dozens or even hundreds of times to attract more retail investors and funds into the altcoin market. Notable altcoins like DOGE, SHIB, PEPE, and XRP are also expected to experience significant surges. Due to their low prices, doubling is not difficult.
The above content is not based on imagination, but is a summary of my past experiences during bull markets and the transition to bear markets. Of course, personal suggestions are for reference only and do not constitute investment advice.