Even $BTC drop to $85k won't change my long term position.
● What happend:
- Stock market dump following the FOMC announcement
- Yesterday $1.5T stock market sell-off
- $1.42B in positions were liquidated, affecting 434,289 traders. The biggest was a $15M $ETH position on Binance
- Holidays leading to reduced liquidity
- Market consensus: stock sell-off before Trump's inauguration
● Where We Are Now:
- BTC is correcting and will soon enter a sideways range
- The Fear and Greed Index is gradually returning to its normal level
- Complete reset of overheating for altcoins after their steep decline
- $BTC dominance near 59%
As mentioned earlier, the 55% zone will be strong resistance, and we need to break through this level to initiate a full-fledged altseason.
● Where We Will Be by 2025:
- BTC will reach $130k-150k
- BTC dominance falls below 45%
- A favorable regulatory environment in the US, with potential reductions or eliminations of cryptocurrency taxes
- Total crypto market cap reaching $8-10T (currently ~$3T)
- People regret selling during this December 2024 dip
Nothing has changed in the market. I'm still waiting for altcoins to rise. From the profits of quick flips, I buy strong altcoins on dips.
The market has been trying to shake us out of altcoins for over 10 months now. After such a period, any market typically enters a rapid growth phase. The longer the accumulation of altcoins and the stronger BTC's growth, the more robust the eventual rise will be.
Massive altseason will begin when Bitcoin dominance drops below 55%
