Bitcoin double top pullback, will it drop to 93,000? BGB and GT surge! Will BIO see 1 USD? Is the altcoin bull really coming?
During the Christmas period, there hasn't been much news to follow, and everyone is starting to look at the Korean barometer again. I remember in March this year there was also a wave of Korean influence, when it was TRB, and now it's UXLINK. The UXLINK/KRW trading pair has a trading volume share of 29.07%, ranking first in the Korean Won trading market, with other top 5 currencies being: MOCA, AGLD, MOVE, xRP. This barometer may have some speculative directional influence recently, but everyone knows that the Korean market is more of a speculative play, without any long-term stability, just quick in and out.
The trading BO for eggs on bitget is already at 1 USD, and if the listing meets this expectation, the valuation of the circulating market cap is very reasonable. Yesterday, the DESCI project announced an airdrop of BIO to holders, and the level of excitement is understandable. The DESCI sector is still in its early stages, and the future growth potential should be significant, requiring constant attention.
Market Analysis
Today, the US stock market is about to open. Let's see the movements of Americans after Christmas—are they going to celebrate or are they preparing to cash out? If the current trend continues, then 100,000 will not be the peak, and my expectation is that it will mainly be a pullback, and this peak seems to have been established. If the US stock market opens and continues to rise today, the resistance level will be at 105,000.
• Regarding altcoins:
I want to focus on the two platform coins BGB and GT, which have been quite unreasonable lately, especially BGB. Bitget has indeed become a new leading platform, developing rapidly with a rich and diverse product offering. Although the number of users and liquidity is still slightly lacking, the trading volume has already surpassed OK. Locking up BGB also brings many benefits, making it quite appealing. Although it still lags behind BNB, it is cheap and easy to acquire, so the logic behind its recent rise should be quite clear. That said, I wonder if there are any veteran traders here; platform coins often signal the end of a market trend. Looking back at this year's BNB's independent surges on the dates 3.13, 6.04, and 12.04, you can see how Bitcoin performed in the following days.