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Currently, it has fallen to the 68950 area and temporarily stopped falling, but the next K-bar has not yet appeared in the 68950 support area to confirm a green K-bar closing. If the current support level is broken, it will directly go down to the 66150 and 65170 areas.
I. The first stage: Bitcoin $25,000 - $73,000
In this stage, most investors will not make money, and may even lose money. In the market, although the price of Bitcoin is soaring, the performance of Altcoins is not satisfactory. The market seems to be in a state of violent fluctuation, which often leads to very little or even losses for many investors.
The continuous rise of Bitcoin is in stark contrast to the sluggishness of other cryptocurrencies. You may feel that the Altcoins in your hands are constantly declining, while the rise of Bitcoin is like the sun in the sky. During this period, the main theme of the market is violent fluctuations and the collection of chips. Large institutions like BlackRock and Fidelity are continuously buying in, but the source of the selling force in the market is little known. The market presents a situation of repeated upward pulls and plunges, in a cycle like this.
II. The second stage: Bitcoin $74,000 - $98,000
When Bitcoin enters this stage, even if the market experiences a short-term correction, its price will be difficult to fall below the key $60,000 support level. But after each cycle of rise, the market will often see a correction of about 30%.
In this stage, investors also face considerable challenges. When Bitcoin declines, the decline of Altcoins is often more significant. This leads many investors to feel desperate and choose to cut their losses and exit. However, this is the best opportunity for the main force to collect chips. At the same time, the market will also show a phenomenon of high and low switching, and the main force will switch the coins that were sold during the previous upward process to those with continuously declining prices.
III. The third stage: Bitcoin $99,000 - $170,000
This stage is the true golden period, the main upward wave stage of the market. During this period, the prices of most cryptocurrencies can achieve double or even higher growth. Unlike the cruel rhythm of the first two stages, the sharp declines in this stage are only a brief interlude, and the overall trend is almost all upward. The price center of gravity has moved up significantly, and the profit effect of the market is exceptionally remarkable.
This period is also the easiest for investors to make profits. Because after the previous chip collection and market adjustment, the main force is ready, and they only need to drive up the price to realize the profit. Therefore, investors should seize the opportunity in this period, reasonably arrange their strategies, and strive to obtain more returns in the market.
So many people will ask when the Altcoin season will come? The following three are very promising Altcoins
CFX
The current trading price of CFX is $0.1395, up 2.35% from the previous day. The ratio of trading volume to market capitalization shows its medium liquidity at 0.2625. Looking forward to November 2024, the market trend forecast predicts that the price of CFX will see significant growth. Its price will rise to about $0.314151, with a trading range between $0.155346 and $0.528175. If the upper target is reached, investors are expected to achieve a return of up to 250.84%. This prospect indicates that the potential growth space of CFX is worth attention.
FLOW
The current market price of FLOW is $0.5, with a 24-hour increase of 1.62%, but the market sentiment is still inclined to be pessimistic. Nevertheless, the price forecasts for the next month and the whole year show a glimmer of hope. The Fear and Greed Index shows a "Greed" level of 69. Supported by its market capitalization, FLOW's liquidity remains strong. Within the estimated time frame, the market believes its price can rise to an amazing $1.11, which would mean a potential return on investment of up to 245%. Supported by its current market capitalization and liquidity, FLOW's price range is expected to fluctuate between $0.55 and $1.86 this week. Therefore, investors should closely monitor market dynamics to make wise investment decisions.
ONDO
The ONDO token of Ondo Finance empowers holders to shape the future of the Ondo DAO. The DAO aims to expand institutional-grade financing channels, and ONDO holders have specific usage rights within the Flux Finance managed by the DAO.
Currently, the trading price of ONDO is $0.68, down slightly by 1.18% in the past 24 hours. The liquidity of this token is significantly higher than its market capitalization, with a ratio of 0.2019, indicating relatively stable trading activity relative to the market scale.
Creating a high-quality circle, the main focus is to explain various basic industry knowledge in the crypto world, the rotation of hot sectors, as well as the basic methods of identifying tops and bottoms, how to better grasp this bull market, and a series of knowledge. If you are interested, you can contact me, WeChat: tian889902 (add and chat privately to join the group)
