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Reading: Cryptocurrency Storm is Coming! Can Bitcoin Reach 100 Thousand in 10 Weeks?
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Cryptocurrency Storm is Coming! Can Bitcoin Reach 100 Thousand in 10 Weeks?
Bitcoin and BTC

Cryptocurrency Storm is Coming! Can Bitcoin Reach 100 Thousand in 10 Weeks?

vitalclick
Last updated: October 17, 2024 1:24 pm
4 months ago
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Contents
Bitcoin Dominance and Market CycleAltcoin Strategies and ChoicesMarket Expectations and Recommendations

Australian crypto trader Miles Deutscher, Bitcoin $67,355He thinks it could reach $100,000 in the next 10 weeks. Analyzing market dynamics, Deutscher focuses especially on altcoin strategies.

Bitcoin Dominance and Market Cycle

Deutscher sees Bitcoin’s dominance over the market as an important indicator. According to him, the increase in Bitcoin dominance usually occurs before the altcoin season. This shows that altcoins may gain serious momentum in the coming period.

Altcoin Strategies and Choices

Adopting a macro risk-taking and micro neutral approach as an investment strategy, Deutscher focuses on sectors with high potential such as GameFi and artificial intelligence. It avoids the use of leverage in periods of high volatility. According to him, it is critical to be cautious when investing in high-quality altcoins.

Market Expectations and Recommendations

Deutscher suggests that altcoin season is near. As Bitcoin’s price rise continues, he expects liquidity to shift to altcoins. He states that this development heralds a long-term rise in altcoins. As a strategy, he argues that it is necessary to accumulate assets during market declines and turn the liquidation of over-leveraged investors into an opportunity. This approach can be advantageous, especially for more cautious investors.

Deutscher also sees the gaming, artificial intelligence, DePIN and RWA sectors as the verticals with the most potential. It recommends tokens that stand out in these areas to investors.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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