There are fewer people selling because of panic. However, you still have to be careful. If the big bitcoin suddenly plummets, those altcoins may be in trouble. Of course, this is just my personal opinion. You have to make your own decision when it comes to investment.
I estimate that Bitcoin may fluctuate between 94,000 and 98,000. It seems that people are not so scared now. If Bitcoin really falls below 90,000, it may be a good time to build a position. Generally speaking, a sharp drop in a bull market lasts only 7 to 11 days. Now it seems that the time is about right.
Speaking of $BNB, it may fluctuate between 650 and 700. The rebound is quite strong, possibly related to Zhao’s frequent tweets. They just announced a new Launchpool project. If they release a loyalty airdrop during the Christmas days, BNB might just go up!
As for the second-tier $ETH, it is now fluctuating between 3200 and 3500, similar to Bitcoin, and is gradually sliding down. However, the possibility of a significant drop should be minimal.
Back to today's daily $BTC market analysis, from the candlestick perspective, the 1-hour level is about to decline, the 4-hour level is weak, the 12-hour level is down, and the daily level is also down, with intraday resistance at 96,500 and support at $91,000.
5 cryptocurrencies that may explode this Christmas!!
Pepe
PEPE is a new player in the cryptocurrency space, born from the popular meme Pepe the Frog created by Matt Furie. This deflationary meme coin gained much attention after launching on the Ethereum blockchain. By embracing its meme origins, keeping things simple through tax-free policies, and candidly admitting its lack of utility, PEPE attracts those who enjoy the fun of cryptocurrency.
From late April to May 2023, the value of PEPE skyrocketed, reaching a peak market cap of $1.6 billion. Early investors gained huge returns and formed a strong community around it. This surge sparked the meme coin season, with new meme coins emerging continuously and prices fluctuating wildly.
PEPE's roadmap includes plans to list on major exchanges and aims for a 'meme takeover.' Whether PEPE will reach new heights is still uncertain, but many traders are closely watching due to hopes for a bull market.
Book of Memes (BOOK)
BOOK OF MEME shows signs of potential upward movement. The current price is $0.006676, approaching its recent resistance level of $0.007294. If it breaks through, BOME may target a second resistance level of $0.012688, indicating potential gains of over 150%. A support level at $0.003706 shows solid backing, minimizing downside risk.
The MACD level is positive, indicating bullish momentum. With the 10-day and 100-day simple moving averages closely aligned around $0.006247, any rise could signal a strong trend. As altcoin season approaches and the cryptocurrency market heats up, BOME is a token worth watching. =Catgirl Hat
Dogecoin (DOGE)
The price of BTC has dropped to double digits but is still above $90,000. In November, this figure is a challenging target for many, and altcoin prices seem to have dropped as if BTC fell to $40,000. This situation indicates the degree to which traders are avoiding risks early in the price rise.
Experts generally believe that larger peaks will appear next year. Although BTC has surpassed its previous all-time high (ATH), the target levels are much higher. Additionally, most altcoins' expected peaks have not yet been reached, as leading altcoin ETH hasn't even approached its ATH.
As of the time of writing, Dogecoin (DOGE) is trading at $0.31. If Trump takes expected actions to encourage cryptocurrency investors in the first two quarters, it is expected to reclaim the support level of $0.37, followed by breaking through $0.44 and $0.47 for greater volatility.
DOGE's target price of $1 now seems achievable.
Toncoin (TON)
Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized open-source Layer-1 blockchain supported by the TON Foundation and community contributors. The project was initially developed by Telegram as the 'Gram' token, named Telegram Open Network, but was halted in May 2020 following a court order from the U.S. Securities and Exchange Commission.
Toncoin has been renamed and continued by the community, adopting a proof-of-stake consensus model to enhance scalability and reliability. It aims to provide fast and secure payment services at minimal cost and develop an ecosystem that includes decentralized storage, services, DNS, anonymous networking, and efficient payment processing. Based on historical price trends and BTC halving cycles, Toncoin shows growth potential, indicating attractiveness in the current market cycle.
Aptos
Aptos (APT) is a new type of blockchain designed to address high transaction fees and network congestion issues seen in systems like Ethereum before transitioning to proof-of-stake. Aptos Labs was founded by key contributors to Meta's Diem project and uses a proof-of-stake consensus mechanism. Aptos uses the Move programming language for smart contract development, emphasizing security, scalability, and flexibility.
It supports a wide range of web3 applications. With its strong development team and focus on solving existing blockchain issues, Aptos has enormous potential. Its innovative approach to scalability and security might make it an attractive choice for users and developers in the current market cycle.
The crypto world has always been a process of survival of the fittest, where the waves wash away the sand! To avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of the world; every penny you lose is due to your cognitive deficiencies. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there will be 100 ways in this society to harvest you!
Until your understanding and wealth match each other. Waiting for a bull market is the toughest!
But if you wait until then, you will understand what it means to go through hardships and then enjoy the rewards. Everyone must not exit the market; the tough days are about to end, and a raging bull market is coming!
If you've been stumbling around in the crypto space without direction! Or if you've been losing money! You can follow me.
