From the historical timeline of the bull market, the market may present the following trends, but the specific trend needs to be adjusted based on market dynamics. BTC may continue to rise until the end of December and experience a correction of about 20%, followed by a consolidation period of about 1 month. Subsequently, the market may start an upward trend, which is expected to last until March-April next year. After the correction, the price may fall back to around 85K, and the new high may reach 150K.
The current market is about to enter an adjustment period, which is expected to last for about half a month. After the adjustment, it will rise sharply in Q1 due to macroeconomic events such as the election. The adjustment range is a drop from 95K to 80K, and then a rise to around 110K, but the overall peak will be slightly lower than the strong bull market. Any bull market may lead to an early end of the market, a delayed peak, and a relatively stable market sentiment. If BTC falls below 80K and fails to stop the decline, the market sentiment may further deteriorate, and the market may enter a bear market. After breaking through the key support level, it may seek strong support around 55-60K. Although the probability is relatively low, the performance of some Altcoins (alts) is slightly weak, and potential risk signals need to be monitored. BTC surging to $10,000? 3 hot Altcoins worth lurking in the future! This year, Sui has performed well, with its price rising from a low of $0.61 to a high of $3.89, a significant increase. Particularly after experiencing an increase in supply, it has maintained an upward trend, which is particularly noteworthy, as an increase in supply usually puts some downward pressure on the price. This performance is due to the strong fundamental support of Sui and its potential value in the decentralized ecosystem, especially its advantages in scalability and speed.
As a high-performance blockchain, Sui not only fully embodies the advantages of Web3, but also has the convenient functions of Web2. Its design goal is to support high throughput and provide cost-effective solutions, which makes it stand out in the highly competitive blockchain industry.
Wrapped Litecoin (WLTC) is pegged to Litecoin at a 1:1 value ratio, ensuring seamless value transfer between the two blockchains. Coinut CEO Wang Xinxi said that this collaboration combines the reliability of the Litecoin network with the diverse services of Ethereum, opening up new use cases for Litecoin users. From the market performance, Litecoin has successfully broken out of the long-term consolidation and ended the downward trend that lasted for three years. The latest technical charts show that with the support of positive technical indicators and improved market sentiment, Litecoin is expected to start a new round of upward trend.
Although the price has fallen, the relative strength index (RSI) on the weekly chart is around 44, and this level has previously marked important turning points for the token. Historical data shows that when the RSI reaches this level, the price usually experiences a significant rebound, which provides the possibility for future upward movement.
