Post
Topic
Board Altcoin Discussion
Re: Is There an Impending Fall in Short Period?
by
asriloni
on 12/12/2024, 17:19:21 UTC
My question to you veterans who went through the previous cycles, where we are at this current cycle, should we be expecting another temporary downturn after the recent gains?




Yeah, we should be expecting a temporary downturn to happen. We're at the alts cycle now. Once Bitcoin dump, and alts still strongly hold its level.

I'm expecting another downturn to come in the future, maybe at the end of this month. We have moved from 49k to the 100k+ without even stopping. It's normal to have a healthy downturn as a correction to the price.

Bitcoin chart must take the supply at the supply area before it will take off. We have suffered the small correction happened last day, but alts quite stable. It means we're still at the correct cycle to see a mega bullish.