Chain analysts warn: Bitcoin soars, Ethereum to break through, counterfeit products may repeat the market
TechDev2024/12/16 09:28
By:TechDev
According to the latest analysis by on-chain analyst TechDev, the current market pattern is highly similar to that of early 2021.
Bitcoin (BTC) is going through its 5th week of price discovery.
Ethereum (ETH) is only 20% away from its historical high and ready to go.
Dogecoin (DOGE) entered a consolidation state after rising.
Bitcoin dominance rate (BTC. D) is showing a downward trend, and funds may be transferred to the counterfeit products market.
At the beginning of 2021, similar market signals triggered a large-scale bull market for counterfeit products in the next four months. Now in December 2024, this scene may happen again, and the market trend is worth paying close attention to. A new round of counterfeit products may be brewing.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Bitcoin Traders Now Target $120K as Bullish 'Santa Claus Rally' Gains Steam
Cointime•2024/12/16 09:42
Analysis of $arc: Is it hype or a revolution in AI infrastructure based on Rust?
西格玛学长•2024/12/16 09:36
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$104,037.77
+1.52%
Ethereum
ETH
$3,924.12
+1.24%
Tether USDt
USDT
$0.9996
-0.00%
XRP
XRP
$2.37
-2.22%
Solana
SOL
$215.67
-1.26%
BNB
BNB
$708.95
-0.53%
Dogecoin
DOGE
$0.3966
-0.80%
USDC
USDC
$0.9999
+0.01%
Cardano
ADA
$1.06
-1.44%
TRON
TRX
$0.2790
-1.01%
Bitget pre-market
Buy or sell coins before they are listed, including ME, TOMA, OGC, USUAL, and more.
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now