From the current trend, funds are flowing from BTC to ETH, and people are beginning to expect ETH to take over BTC, leading altcoin to a wave of rebound in the market.


It is expected that the market share of BTC will gradually decrease in the future, and the performance of altcoin will be stronger than BTC. Although MicroStrategy spent $5.4 billion to buy 55,000 BTC from November 18th to 24th, the price of BTC only rose by $1,000. Previously, they pushed the price of BTC from $70,000 to $90,000 with $4.6 billion. This indicates that the selling pressure above BTC will be greater as it approaches the integer threshold of $100,000.
From the current trend, data, and news, there is no Unfavourable Information. The trend of BTC is currently mainly influenced by market sentiment, and this decline may be due to the diminished fear of missing out among American investors. And this morning, Kashkari of the Federal Reserve also indicated that there may be another rate cut in December.
So, in the medium to long term, the pump trend is still there. BTC breaking $100,000 is only a matter of time, and the pullback is just reversing back to pick us up!
BTC-3.09%
ETH-3.47%
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