$BTC FORECAST SCENARIO FOR MARKET TREND WEEK 3/Dec/2024.
👀We see a trend where BTC is pulling dominance towards the 58% range or even stronger at 59%. And you know, this is not favorable for Altcoins at this stage.
The projected scenario for the upcoming week after drinking tea 🍵 this morning is as follows:
Scenario 1: Capital will flow from Altcoins to BTC from today until the end of December 18, 2024, according to VN time. Projected BTC price range: 104K-~105K. Altcoins will remain stagnant, and may even bleed further. On December 18, 2024, according to US time, there will be news of the FED cutting interest rates by 0.25% based on a survey. And there will be 02 additional intertwined scenarios here. No one knows what the Fed will do 😊
A1: BTC will be FOMOed and maintain a price above 105K. And at that time, the Altcoin wave will increase slightly by 10~15%.
B1: BTC will plummet straight from the 105K range down to 90K, even though the Fed cuts interest rates (here the interest rate differential between the Japanese Yen and the US Dollar, if the differential is large leaning towards the Yen, then the market will sell off strongly, at this time Altcoins will drop to around 20~30% near the bottom waiting for a rise.
Scenario 2: In December 2024, we see quite good growth for BTC, when the FED cuts interest rates, there will be no conditions at the current level, and the capital will shift to Altcoin.
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