From historical experience, the repeated fluctuations of $100,000 may be a 'wash'. In other words, the main funds are trying to wash out investors who bought Bitcoin at $90,000, $80,000, or even $70,000, attracting more people into the market and prompting them to hold their coins and wait for a rebound.
Target price: $120,000. The real purpose of this round of fluctuations may be to create opportunities for 'buy low and sell high' in the short term through frequent ups and downs, ultimately leading to a powerful V-shaped reversal and quickly driving the price of Bitcoin to $120,000 or even higher. In this way, the main funds will discard investors who are unwilling to cut losses and attract more funds into the market.
The future performance of altcoins is closely related to #ETH, after all, there is a very high probability that Ethereum can surge and push the price of Bitcoin over $10,000 in the latter half!
Under the influence of this round of Bitcoin and Ethereum spot ETFs, the market's liquidity is almost at its peak compared to the past. Only the liquidity and logic of altcoins still resemble the past, so the season for altcoins to explode will maintain a certain pattern beneath the overall market. Christmas is a very important holiday for the West, and there are many settlements at the end of the year. Therefore, some funds have indeed flowed out recently, causing a short-term sluggishness in the market, and according to past patterns, the market usually bottoms out around Christmas.
Altcoins have actually rebounded a lot in the past month, so for those trading short-term, this is a very good buying point. For those holding mid to long-term positions, just wait for the price to rise. For those wanting to increase their positions, please note that this is the last opportunity before the market erupts!
At 3 AM on the 19th of next week, the Federal Reserve will announce the interest rate decision for December. The market expects a 99.99% probability of a rate cut, which is a clear positive signal. Therefore, when the positive news occurs, there is a significant chance for the market to start moving, at the very least, it will take a few more days to consolidate, while also washing out weak positions and short-term high leverage.
Bitcoin is about to break through the $120,000 mark at any time, and 4 altcoins may explode 100 times in the future!
APT
My target price is $50. Aptos is a very powerful underlying blockchain, fast and easily expandable, with a strong reputation in the industry. Recently, it has been extremely popular in the fields of decentralized finance and gaming, attracting many developers and users who are fascinated by its new technology, thinking that following Aptos can lead to many new ways to play.
AVAX
I have set a target of $200 for it. Avalanche has a unique skill - subnet technology, allowing developers to freely create their own blockchains, which is very flexible. Moreover, it runs super fast and has low transaction fees, making it highly sought after in popular fields like decentralized finance and non-fungible tokens, with everyone scrambling to use it for projects.
LINK
I think it can rise to $100. Chainlink is currently the leader in decentralized oracle networks! Oracles provide data for smart contracts, and the data provided by Chainlink is both secure and reliable. If blockchain wants to connect with the real world, Chainlink is a key player; without it, Web3 application development would be unmanageable.
SUI
My target price is $20. Sui is a brand new underlying blockchain designed specifically for high-performance decentralized applications. It has two highlights: first, strong scalability, allowing for continuous expansion of functions to accommodate a large amount of business without lag; second, it is particularly friendly to developers, with various settings and rules that are easy to grasp. With these advantages, Sui is likely to attract a large number of users and shine in the blockchain world in the future.
