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Fake Bitcoin breakouts are on the rise. And then again, a fake downtrend. This process closely resembles the movements we made after reaching a peak of around 73,000. It made similar movements for about 8 months, and altcoins dropped significantly, then continued to rise.
We have previously explained that we have entered a bear market for Bitcoin. Here, the movement of Bitcoin can expect a correction and then a new high and a bear market. Meanwhile, altcoins will fall again, as in the past. And when fear and panic reach their peak, that is, when everyone flees the market, the upward rally will resume. At the moment, many altcoins seem ready to rise. But before that, Bitcoin must complete its correction. In other words, while BTC undergoes a staged correction, altcoins will undergo new corrections. At the moment, a drop to $93,000 is envisaged, of course, unless there is an unforeseen event. Altcoins that have fallen a lot and continue to fall. We do not expect them to rise much once the corrections are completed. Of course, time will tell. It is very unlikely that a new altcoin rally will occur without the downward trend of BTC being completed. And, as in the past, this could continue for some time. Make good decisions. For now, we wait in cash.
#BTC #ETH #DOGE #PEPE #GT
BTC0,04%
S0,77%
D0,23%
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GateUser-6c052e7evip
· 2025-02-01 23:39
Just gotta have faith. I mean, a 20% correction in inevitable. Take profits and wait for the ATH in Sep-Oct. Faith strong!
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