The volatility of the cryptocurrency market continues, and it is expected that the market will continue to show a fluctuating trend in the coming week. Bitcoin may attempt to break through the current high point again, but a correction may follow, and it could even dip to last weekend's low point level. Ethereum may also attempt to challenge its all-time high, but it may face a significant correction afterwards.



However, the market may hit a bottom around August 18, followed by a strong upward trend. In the long term, a temporary peak might occur in early September, immediately followed by a significant correction. It is worth noting that after the Federal Reserve FOMC meeting in mid-September, if there are signals of interest rate cuts, the market may rise again, reaching new highs, and this upward cycle could last until early October.

Combining the current market trends with previous predictions, the cryptocurrency market may reach its peak in early October. However, it is important to emphasize that predicting market trends from the current position while considering time factors is very challenging. The actual market direction requires us to closely monitor every change, and this analysis is for reference only; investors should make cautious decisions based on their individual circumstances.
BTC-0.58%
ETH1.71%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
LiquidationSurvivorvip
· 08-12 21:58
Short squeeze master, let's talk about it.
View OriginalReply0
0xSoullessvip
· 08-10 12:34
Playing people for suckers has become an addiction, let's lie flat and watch the pros perform.
View OriginalReply0
SmartContractPlumbervip
· 08-09 22:50
This big pump and big dump is just like the contract reentrancy vulnerability.
View OriginalReply0
PumpAnalystvip
· 08-09 22:49
Suckers are bound to perish in momentum investing.
View OriginalReply0
OnChain_Detectivevip
· 08-09 22:45
pattern data screams major volatility risk ahead... stay cautious folks
Reply0
AirdropHunterWangvip
· 08-09 22:40
Already all in, just waiting for fate.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)