Is Crypto Losing Steam On Trump Hype? [SHAKEOUT DUMP INCOMING!]
Crypto Banter
Market Analysis and Prediction
The current market is experiencing a period of uncertainty and redness, with many people feeling depressed and questioning if the bull market is over. However, the fundamentals of the market are strong, and the future looks great.
Possible Shakeout
There's a possibility of a 10-20% shakeout, which could be similar to the one that happened before Trump's election. This shakeout could lead to a massive pump, but it's essential to be prepared and not get shaken out.
Bitcoin Price Prediction
If Bitcoin goes back above $110,000, there will be no more uncertainty, and everyone will be bullish again. However, if it doesn't hold the $101,000 zone, it could drop to $96,000 or even $94,000.
Survival and Reward
The market is currently in a survival phase, where it's essential to stay in the game and not lose momentum. The reward will come after this phase, and it's crucial to be prepared and not quit.
Trading Strategy
It's not recommended to trade the market right now, except for long-term buys. The focus should be on surviving the current patch and waiting for the market to start rallying again.
Altcoin Predictions
Altcoins like Ethereum, Solana, Chainlink, and Dogecoin have potential for growth. Solana could break all-time highs again, and Chainlink could be a good buy at $21-$22.
Conclusion
The market is experiencing a challenging period, but it's essential to stay focused and not lose faith. The reward will come after this phase, and it's crucial to be prepared and not quit. The predicted timeline for the market to explode is by the first week to second week of February.