Bitcoin continues to surge!
On November 6, after Trump's victory, BTC broke through the previous high of $73,777, then surged to $75,000 and $76,000 within a day. On November 7, it continued to hit a new high of $77,000. On November 10, it continued to refresh the record, breaking through $80,000 and $81,000, and today it directly pulled up to $89,800.
It seems that breaking the $90,000 mark today is not a problem!
In simple terms, in just three or four days after Trump took office, BTC has been hitting new highs and the price is about to reach the $90,000 mark. This is the significance of Trump for cryptocurrencies. The current trend is quite consistent with our prediction a few weeks ago.
You can go back and check our previous articles, especially during the few days of consecutive corrections starting from October 29, when I almost said every day that as long as Trump wins, BTC will instantly remove all debuffs and surge to $80,000.
Now, the market's response is even stronger than my prediction, and this wave of breakthroughs above $80,000 happened to be on the weekend, it seems that the retail investors finally couldn't hold back. Normally, institutions tend to rest on weekends, so the market is usually weak on weekends, with occasional surges or plunges in trading volume, and the market will adjust to the closing price of the previous Friday before the US stock market opens.
If it's after Trump's formal inauguration, with a series of positive policies and many bills passed, I would be more cautious about how high it can go, and I even think reaching around $85,000 would be a good performance. But I didn't expect it to reach this level so early, the earlier it reaches this position, the more unlimited the future development.
Can ETH follow up?
As for ETH, many brothers have doubted whether it can still perform well.
In the past, I thought looking at ETH's data was useless (and I still think so now), now I think the key for ETH is the new track, RWA and DeFi must be the best. Of course, DeFi is still a bit far from ETH now, but RWA will have a chance, and RWA is likely to be the weapon that makes ETH FOMO.
The meaning is: if ETH rises, the altcoin season will come. If ETH doesn't perform well, the altcoin season will also be difficult.
Is a crazy altcoin bull market on the horizon?
Let's talk about the current market logic, the whole market is revolving around BTC and Doge:
BTC is accelerating its rise due to the central banks and institutions frantically queuing up to buy: The faster it accelerates, the more it can stimulate these institutions to buy, and the more they buy, the more it can stimulate the US government to introduce a bill to make Bitcoin a reserve currency, this is a positive feedback loop.
As for Doge, Musk's push after Trump's election has directly fermented: Not only is mainstream capital buying, but countless retail investors are also frantically buying, and Doge also has the expectation of positive news about its integration with X in the future, Doge will continue to rise, and breaking $1 is just a matter of time.
The booster for the peak bull market has been ignited, the rise of BTC is already far ahead of the mainstream coins, but most investors in the market still have a large number of altcoins, some of which are still in a loss state after buying at the high point.
So the question of when the altcoins can explode is a major concern for everyone:
Yesterday, the AI sector was also exploding, with WLD Render and others leading the way. The strong DeFi sectors are Ena, UNI, and Aave, but there hasn't been too much capital spilling over to the altcoin level yet, the current rise is in some strong coins, when BTC rises a little more or consolidates, there will be a wave of altcoins, but at that time, be sure to take profits.
If the altcoins can still maintain a substantial rise, then the bull market has started, and a general rise will come, and I think ETH is the key, if ETH can't continue to pull up, then the altcoins will be even more difficult.
There is less and less bull market information being written, the reason is very simple, basically there is nothing to write, just buy and hold. Yesterday, the listing of ACT PNUT on Binance made the community crazy, many people who didn't have the coins started to get anxious, but it doesn't matter, there are plenty of bull market opportunities, as long as you grab one or two, you'll win big.
That's it for the article, if you like it, please give a follow and a like~
The new discussion group has already been built! Now we are preparing to reorganize the discussion group, as long as the overall market returns to an uptrend, there will be many opportunities for altcoins to explode, if you want to join the group, feel free to message me, I will add you one by one!
Creating a password welfare group! (I plan to find some low-cap coins with news catalysts in the near future to help everyone recover, the current market is about to enter the altcoin season, I will help everyone grasp the opportunity to double the altcoins! The next password I will announce in the welfare group!!)
Number of people: Temporarily limited to 50 people, mainly spot trading
Additionally, we also have a VIP paid group (spot trading) for those who want to join the VIP group, also welcome to add me to learn more!
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