From the current trend, funds are flowing from Bitcoin to Ethereum, and people are starting to expect that Ethereum will take over from Bitcoin, leading to a wave of rebound in altcoins.
It is expected that Bitcoin's market share will gradually decline, and altcoins will perform better than Bitcoin.
Although MicroStrategy recently bought another 55,000 Bitcoins, MSTR's stock price fell yesterday.
Between November 18 and 24, MicroStrategy spent $5.4 billion to buy 55,000 Bitcoins, but the Bitcoin price only increased by $1,000.
Previously, they used $4.6 billion to push the Bitcoin price from $70,000 to $90,000.
This indicates that as we approach the $100,000 integer level, the selling pressure above Bitcoin will be greater.
However, from the current trend, data, and news perspective, there has not been any negative news.
Currently, Bitcoin's movements are mainly influenced by market sentiment, and this decline may be due to the reduction of FOMO sentiment among American investors.
This morning, Federal Reserve's Kashkari also stated that there might be another interest rate cut in December.
Therefore, from a medium to long-term perspective, the upward trend is still intact, and it is only a matter of time before Bitcoin breaks $100,000; the pullback is just a way to bring us back in.
