According to a report by Jinse Finance, Paul Howard, Senior Executive at trading firm Wincent, stated that despite a pullback, Bitcoin remains above the support level formed near $85,000 earlier this week. This suggests that as year-end liquidity thins out, the market may be entering a consolidation phase, and Bitcoin may continue to fall below $95,000 before year-end, potentially benefiting altcoins.
Howard said: “Barring any major macroeconomic news, BTC is expected to continue fluctuating between $85,000 and $95,000 for the remainder of the month. Altcoins may see some excess returns, as they typically perform well in low-liquidity, high-volatility environments.”
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