As December approaches, the market focus has shifted to the developments of Bitcoin and other mainstream coins. Recently, Bitcoin's price has been fluctuating around $95,000, and from a short-term perspective, this consolidation phase is expected to last for a while. Nevertheless, the daily and monthly trends remain strong, and many analysts believe that after the consolidation ends, Bitcoin is likely to experience a strong upward trend, with a very high possibility of breaking $120,000 in December.
At the same time, Ethereum has also performed remarkably, recently breaking through the key resistance levels of $3,500 and $3,700, marking the full initiation of Ethereum's upward trend. Although there may be a period of adjustment near $3,500 in the short term, once completed, Ethereum is expected to quickly surge toward the $4,000 mark, with a possibility of breaking its historical high and reaching $5,000 in December.
Performance of mainstream coins:
BNB: The current trend of BNB closely follows the overall market, and the bull market still has upward potential. Investors can continue to hold and maintain optimistic expectations.
XRP: Ripple has recently experienced a significant rise, with its market capitalization jumping to third place, successfully breaking its historical high. Although bullish sentiment still exists, I personally believe that the upward potential for Ripple is nearing its end, with an expected increase of around 30% in this bull market.
SOL: Currently, SOL is undergoing a short-term adjustment. Although there may be a pullback in the short term, from a long-term perspective, SOL remains bullish, and investors need not worry too much, as the future upward trend is still clear.
DOGE: Dogecoin experienced a surge in November and may see a pullback for correction recently. However, from the overall market trend, Dogecoin still has the potential to break its historical high.
BCH: BCH's trend closely follows the market, currently undergoing a short-term correction. After the correction is complete, it is still expected to continue rising, making it worth paying attention to in the future.
AR: AR has shown signs of starting recently, but the trend is not fully initiated until it breaks $28. A significant rise is expected in December, with target prices between $30 and $35.
UNI: UNI's current trend is linked to the overall market, and the bull market remains strong. It is expected to continue to be bullish in the future, and investors can hold their coins and wait for the market to rise further.
OP: OP is highly correlated with Ethereum's trend and has significant upward potential in the future. It is currently still in a bull market phase, with a positive outlook ahead.
Market Summary and Outlook:
Overall, the current market is filled with bullish sentiment. It is expected that at the beginning of December, the market may first undergo a period of consolidation to prepare for the subsequent explosive rise. In such a market environment, short-term operations may carry significant risks, so it is recommended that investors hold their positions steadily, avoid frequent trades, and patiently wait for further market developments.
For those coins that have long-term potential, you can continue to hold, especially in the context of mainstream coins like Bitcoin and Ethereum continuing to rise, the next few months may welcome a large-scale bullish market.
