According to TechFlow, on December 11, according to Cointelegraph, Felix Hartmann, founder of venture capital firm Hartmann Capital, predicted that most altcoins may continue to fall or consolidate in the next 2-6 weeks. He said: "Some altcoins may continue to rise in the short term, but most will enter a slow decline or consolidation phase. There are fewer investment opportunities in chasing altcoins at present, because many currencies have completed a 2-3 times increase in a week."
Cryptocurrency analyst Daan Crypto Trades pointed out that Bitcoin usually rises by 30-50% after breaking out of a long-term consolidation, and a new round of gains is expected in the first quarter of 2024. Crypto analysis agency Santiment warned that if retail investors sell cryptocurrencies too quickly due to panic, it could trigger a sharp market rebound.