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Market analysis on December 19, 2024, when will be the next wave of Mainstream Token market?
Hello everyone, I'm Brother Coin. It's been a long time since I did a market analysis for you. When everyone panicked after the big drop in the crypto market, it's time to analyze the future trend for you!
After rising to 108353U, the pancake began to fall back, currently around 102000U. However, mainstream and altcoins did not follow the rise of the pancake, and continued to fall after the pancake fell! Below are answers to several of the most frequently asked questions:
1. Why are mainstream and altcoins not following Bitcoin but hitting new lows? Is this bull market only for Bitcoin?
2. Are the bulls still here? When is the next wave of Mainstream Tokens and altcoins expected to rise?
Reply 1: Brother Fan believes that the reason why mainstream tokens do not follow Bitcoin is that the current rise in Bitcoin is caused by the participation of American capital. Major institutions in the United States have been buying Bitcoin through ETFs, while other altcoins and Mainstream Tokens have not been involved, not to mention many altcoins created by Chinese people, which have no involvement of American capital.
So the rise of Bitcoin does not conform to the trend of previous bull markets, which has been completely broken, while mainstream and alternative coins without US capital intervention still need to rise according to the previous bull market cycle. This is why mainstream alternative coins lag behind Bitcoin. Rather than saying they do not follow Bitcoin, it is more accurate to say that they cannot keep up with the rise brought by the flow of funds into Bitcoin!
Reply 2: According to the logical analysis of the first question by Brother Fan, then this bull market is still on, and the collective outbreak of altcoins in this round will still be in 2025. So Brother Fan believes that the decline of mainstream and altcoins in this round will continue until around January 10, 2025, and it may only see a bottom rebound around January 10. Then it will continue to rise until around February 15, when a slight pullback will begin, followed by a pullback in March and a continued rise in April.
So during this period of profit retracement, it is important to maintain a positive attitude. Those who have funds to buy at the bottom should still do so and patiently wait for the arrival of a super bull market!