Bitcoin 100K Consolidation (Sideways) Continues —Altcoins Update
2024-12-10
Category: None

Bitcoin 100K was activated on the 22-November. This resistance has now been active for 18 days. This resistance can break tomorrow, in a flash, it can take two months until late February; anything goes.

Good morning my fellow Cryptocurrency trader, the shakeout is over and it was mainly for the Altcoins and not Bitcoin.

First, many of the chart setups and trades we share are now back within entry price range. This means that we get an opportunity to buy-in again at an awesome price. Many remain way above entry but the ones that are now trading within entry range are good to buy.

Can you see it? The market always gives a second chance.

Retraces and corrections are an opportunity to buy and this is already became true, this is the first example. This is the first instance this happens since the strong rise a month ago but it won't be the last. It will continue happening over and over; how not to get caught?

To not get caught just buy when prices are low, near support.
Sell when resistance hits, as prices are moving up.

Bitcoin consolidating after reaching 100K and going beyond is the best possible scenario that can develop for our Cryptocurrency market. Bitcoin being strong, the rest of the market becomes strong. Bitcoin going sideways, the Altcoins can grow.

There was a shakeout on the 5th December and another one yesterday (9-Dec.), which means that the 100K resistance is a strong one and is likely to hold mid-term rather than short-term. Now, anything goes, but be prepared to see the Altcoins rise while Bitcoin continues moving back and forth. Growth has already been strong enough, thousands of Altcoins need to catch up. Many pairs hit new All-Time Highs, other pairs are still trading very low. It can take months before the market is stabilized, everything will grow.

Patience is key.
Feel free to accumulate; feel free to buy, feel free to patiently hold.

When prices drop, time to buy again.
When resistance is hit, take profits.

Thank you for reading.

Namaste.