Bitcoin and Altcoins: What to Expect in December 2024?

Greetings to you on the crypto site. My name is Viktor and today I will share my opinion about #bitcoin, #btc-usdt, using the TradingView service, here Prediction: Bitcoin this week, 2-12-2024

Prediction Bitcoin

Introduction
December begins with a significant revival in the crypto market. In this article, we will consider the main trends for Bitcoin and altcoins, the impact of the decline in gold on the cryptocurrency and the prospects for the course to $130K.

Current market situation
The Fear and Greed Index has reached 80 points, which signals high optimism among market participants. Demand for Bitcoin remains strong, but such dynamics may cause a correction, so traders should remain cautious.

Key facts:

• High greed often precedes a market correction.
• The vast majority of investors are in the buying phase.

The impact of gold and the change in BTC dominance
The decline in the value of gold creates additional pressure on investors looking for alternative assets. At the same time, Bitcoin dominance continues to decline, opening the way for active growth in altcoins.

Key changes:
Gold trend: Downward reversal confirmed by CCI indicator.
BTC dominance change: Decline from 60% to 55% gives altcoins more opportunities.

Altcoins on the rise

The altcoin market is showing positive dynamics, as confirmed by the data of the general altcoin indicator. The growth of market capitalization to $3.2 trillion adds confidence to investors.

What is worth knowing?

• Altcoins have begun to actively recover after a long decline phase.
• Buying activity is moving from Bitcoin to altcoins.

Forecast for the coming week
The market is expected to complete the current accumulation phase. Liquidation zones remain at $95K and $98K. Further growth of the Bitcoin rate is likely, reaching $130K by the end of December.

Conclusion
The crypto market is in an active growth phase. The decline in gold, weakening Bitcoin dominance, and strengthening altcoins are creating favorable conditions for investors. However, keep an eye on key indicators to adapt your strategies.

• Дивитись відео: Біткоїн — Прогноз на Тиждень, 02-12-2024
• 📌 Source: cryptoviktor.com/btc/