Analyst: Bitcoin may continue to fall below $95,000 by the end of the year, and altcoins could benefit from it
Jinse Finance reported that Paul Howard, Senior Executive at trading firm Wincent, stated in a report that despite some pullbacks, bitcoin remains above the support level formed earlier this week near $85,000. This suggests that as year-end liquidity thins, the market may be entering a consolidation phase, and bitcoin may continue to fall below $95,000 before the end of the year, potentially benefiting altcoins. Howard said: "If there is no significant macroeconomic news, BTC is expected to continue fluctuating between $85,000 and $95,000 for the rest of this month. Altcoins may see some excess returns, as they typically perform well in low-liquidity, high-volatility environments."
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