APENFT

Bitcoin’s momentum loss continues as long-term holders add to market selling pressure and rising US dollar strength leads investors to reduce their exposure to risk.

Data shows that BTC’s “average annual returns have gradually declined, with no peaks at all in the last cycle, confirming the hypothesis that Bitcoin's risk/return structure has changed.”

New data shows stable altcoin speculation despite Bitcoin’s price drop, hinting at early signs of risk re-entry and a more mature altcoin cycle ahead.

Bitcoin bulls tried to spark a recovery, but were met with heavy selling pressure near $107,000. A similar fate awaited most altcoins, which sold off from their respective resistance levels.

Bitcoin fell to weekly lows at $101,300 as US equities and gold rallied ahead of the key vote to end the US government shutdown, signaling a shift in investor sentiment to traditional assets.

Ether neared a falling wedge breakout, eyeing a potential rally toward $4,400 by mid-December if the bullish setup is confirmed.

XRP analysts are still confident of a bullish continuation with targets from $10 to $30 for cycle tops, fuelled by multiple tailwinds.

Bitcoin maintained its November pattern of higher lows as it rebounded to $105,000, but traders remained cautious about a potential rejection at key resistance.