On this Christmas Eve, the price of Bitcoin (BTC) has rebounded over $6,000 from its low to high within 24 hours, nearly breaking through $100,000 again, and altcoins also show a good upward trend. However, it is still uncertain whether the altcoin season has arrived.
1. The Start of Altcoin Season
The start of the altcoin season requires BTC prices to maintain an upward trend, while ETH prices also continue to rise. Only under such circumstances will there be enough sentiment and funds to drive significant increases in altcoins.
2. BTC Price Trend
Currently, BTC's price is still fluctuating between $95,000 and $100,000, with strong support levels. Although the price may experience fluctuations in the short term, BTC still has potential for upward movement in the long term.
3. Investor Sentiment and Behavior
With the price rebound and the arrival of the holidays, investor panic has begun to alleviate. However, it can still be seen that some early investors and short-term investors are gradually exiting the market, especially some investors who bought in at the bottom yesterday.
4. Future Trend Predictions
As the upcoming liquidity will reach its lowest level, price movements will become more reliant on investor sentiment, particularly that of Asian investors. Therefore, the price trend in the next two days will have significant guiding implications.
