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On December 18, Bitcoin (BTC) kept hitting new highs, while altcoins were in a bad situation, leaving holders quite anxious.
Reasons why altcoins are not rising:
- Most of the funds have flowed into Bitcoin, leaving insufficient money to boost altcoins.
- Bitcoin has been hitting new highs, and large investors worry about a potential pullback, which could crash the entire market, so they are reluctant to easily boost altcoins.
- In the last round, many altcoins doubled from the bottom, and now they need to pull back to shake out and rotate the profits gained previously.
When will altcoins start to rise:
Based on past experience, when Bitcoin rises to new highs, altcoins do not follow suit. We need to wait for Bitcoin to pull back at high levels and consolidate for more than seven days. Moreover, altcoins have been pulling back and rotating since December 7, and it has already been 10 days; we still need to wait for about two more weeks, as it is not yet time for them to rise.
Key point: Tomorrow at 3 AM, the Federal Reserve will announce the interest rate decision and economic outlook summary. If there are no unexpected situations, a smooth interest rate cut in December, and a signal for potential cuts next year, Bitcoin's price will stabilize.
In summary, friends holding altcoins need to be patient for another 1 to 2 weeks to possibly see the hope for altcoin rises! #币安Alpha #市场全线看牛? #USUAL现货开盘预测