This time is the most painful in the crypto market. Bitcoin is maintaining its position, but the alt coins are going down. Now it seems that the market will not go up, we start thinking that the bear market has not come, then we start selling the alt coins. The price of alt coins has come back to the level it was between 2022 and 2023. It seems that this is creating support.
What are the different views of the creators at Binance Campus about the market?
Bitcoin is trading between $90,000 and $100,000. It is believed that internal buying is taking place.
Some believe that alt season will come and some coins will come in.Not all coins will increase, only a few coins will increase. But it remains to be seen that this thing is heard in every bull season. When the market sentiment is good all coins run, this has happened in the past. Some coins can give extraordinary performance,but it will not happen that only a few coins will increase. This possibility is low.It has been seen that all increases in the bull season.
We understand that we need to have patience. We just have to give time till 2025, when the market increases, the market will have 2 to 4 months to run.
What is going on in the USA?
The USA is becoming pro for crypto. Adoption has already started inside the USA. It is yet to start in other countries. The whole world follows whatever the USA does. The USA is taking the lead. Along with Bitcoin in America, better coins are also accumulating. Ethereum accumulation is going on. Donald Trump’s company World Liberty is buying Ethereum, Ondo, etc. coins. Donald Trump’s son Eric Trump openly tweets that you should have Bitcoin, Ethereum.
X/Twitter Page:https:https://x.com/EricTrump
We have to believe that we have to stay in the market. But we get scared after seeing the market. This happens with everyone. Overall this time also came in 2016, 2017. This time also it seems that the market will not go up, but when at that time everyone feels that the market will not go up, then the real game of bull season will start.
Bitcoin
Bitcoin has resistance around $102,000. Support is around $95,000. If it breaks down, it will reach $110,000. It is expected that it will reach $150,000 in March. Whether this will happen or not, the coming time will tell. This will definitely happen in the long term.
Alt Coins
For alt coins, one indicator that is being waited for is Ethereum, Ethereum is being bought by institutions. But even then Ethereum came down, it is running around $2500 after going down from $4000. There is a better entry between $2000 and $2500. When it increases, alt coins will run along with it.
Path to Alt season Chart:
If we look at the chart of Alt Season, in the first phase Bitcoin does well, which it is doing. In Phase 2 Ethereum does well, which it will do for sure. In Phase 3 Large Caps Coins increase. Then finally Alt season starts in Phase 4. This pattern will definitely happen. Once Ethereum increases, all the coins will increase. Focus on the coins which are at the bottom. Definitely focus on the trending coins. Do your research.
Disclaimer
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