According to a report by Cointelegraph, Felix Hartmann, the founder of venture capital firm Hartmann Capital, predicted that most Altcoins may continue to decline or consolidate in the next 2-6 weeks. He stated: "Some Altcoins may continue to rise in the short term, but most will enter a slow decline or consolidation phase. Currently, there are fewer investment opportunities in chasing Altcoins, as many cryptocurrencies have already seen 2-3 times the increase within a week."
Crypto analyst Daan Crypto Trades pointed out that Bitcoin typically rises 30-50% after breaking out of a long-term consolidation, and a new round of uptrend is expected in the first quarter of 2024. Crypto analysis firm Santiment warned that if retail investors sell cryptocurrencies too quickly due to panic sentiment, it may trigger a violent rebound in the market.
