*Bitcoin in Full Price Discovery: Predicted to Surge
Bitcoin (BTC) has been on a remarkable journey this year, breaking past several key resistance levels. I predict that Bitcoin could reach $80,000 in coming weeks, driven by a combination of factors including increased institutional adoption, positive market sentiment, and the recent presidential winning elections of DonaldTrump.

This trend, combined with recent market momentum, indicates that Bitcoin is reaching the $80,000 in November 2024

El #dólar estadounidense rompió la barrera de los 4,400 pesos colombianos #cop en la sesión de hoy, debido a la baja en los precios del petróleo en los mercados internacionales. Esta caída en el precio del crudo ha generado una mayor demanda por la divisa estadounidense, lo que ha presionado al alza su valor.

Mi predicción es que el dólar $USDC
podría subir aún más, alcanzando niveles de hasta 4,500 pesos en las próximas semanas. Esto se debe a que la economía colombiana sigue siendo vulnerable a los cambios en los precios del petróleo, principal producto de exportación del país.

La subida del dólar tendrá un impacto significativo en la economía colombiana, especialmente en los sectores de importación y exportación. Los consumidores también sentirán el efecto en sus bolsillos, ya que los precios de los productos importados aumentarán. El gobierno y el Banco de la República deberán tomar medidas para mitigar el impacto de esta subida del dólar.

Higher #Dollar in Latin America due to Mexico

México's political risk has driven the dollar's value higher in Latin América. Policy uncertainty and tensions between the government and private sector have weakened the Mexican peso. Investors seek safer assets, boosting demand for the dollar. This trend ripples across Latin América, where currencies are closely tied to the peso. Argentina, Colombia, and Chile's currencies have also depreciated. A strong dollar increases import costs, fueling inflation concerns. Central banks may raise interest rates to stabilize their currencies. México's political climate will continue shaping the region's economic outlook, influencing dollar pricing and trade dynamics in Latin América. $USDC

We have been in correction territory but a #Bullish run is still coming to #Bitcoin❗

Gold going up to...

Oil going down to...

_Oil Price Forecast: Sharp Decline Ahead_

Our analysis indicates that oil prices are poised for a significant downturn, plummeting to $60 USD by December 2024. The primary driver of this decline will be the high probability of Saudi Arabia and the United States opening the oil faucet, flooding the market with increased supply.

Rising tensions between OPEC+ nations and the US have led to speculation about Saudi Arabia's potential decision to boost oil production. Concurrently, the US is likely to unleash its strategic petroleum reserves, further saturating the market.

As supply surges, demand destruction will accelerate, exacerbating the downward pressure on oil prices. The impending global economic slowdown will also contribute to reduced oil consumption.

Investors should prepare for a sharp decline in oil prices, potentially disrupting the energy sector. Companies with high production costs will be disproportionately affected, while consumers may benefit from lower fuel prices. This shift will have far-reaching implications for the global economy.

Gold Price Forecast: Correction Ahead, Followed by Surge

The current geopolitical landscape, marked by escalating conflicts in Israel and Ukraine, coupled with unprecedented global money printing by Central banks, is poised to significantly impact gold prices. Our analysis suggests that gold will experience a temporary correction to around $2,500 USD before rebounding to #USDT 2,775 USD in november of 2024#GOLD_UPDATE

The ongoing wars in Israel and Ukraine have sparked safe-haven demand for gold, driving prices higher. However, this upward momentum will be briefly interrupted by a corrective phase, driven by profit-taking and technical consolidation.

As Central banks continue to inject liquidity into the financial system, inflation concerns will intensify, fueling gold's appeal as a hedge against currency devaluation. This, combined with the geopolitical tensions, will propel gold prices to $2,775 USD.

Investors should capitalize on the impending correction to accumulate gold positions, positioning themselves for the subsequent price surge. This strategic move will yield substantial returns as gold solidifies its status as a safe-haven asset.

El dólar #Dollarmoon! se encuentra en una tendencia alcista en Colombia, con proyecciones que indican que alcanzará los 4,350 pesos en noviembre o finales de octubre del 2024

En primer lugar, los **paros mineros y camioneros** en seis departamentos han generado una interrupción significativa en la cadena de eventos. Estos paros han aumentado la incertidumbre económica y han contribuido a la devaluación del peso colombiano.

Además, las **reformas económicas** implementadas por el gobierno han generado un ambiente de incertidumbre entre los inversores y los mercados financieros. Estas reformas, aunque necesarias, han sido percibidas como un riesgo adicional que podría afectar la estabilidad económica del país.

Finalmente, la *escasez de lluvias* ha tenido un impacto negativo en la agricultura y la producción de energía hidroeléctrica, lo que ha aumentado los costos de producción y ha generado presiones inflacionarias adicionales

En conjunto, estos factores han creado un entorno económico desafiante para Colombia, y se espera que el dólar continúe su alza en las próximas semanas

China's Rate Cuts to Fuel #UptoberBTC70K? Bitcoin Rally: $BTC 71K in Sight

In a surprise move, China's central bank announced a new round of rate cuts, aiming to stimulate economic growth. This decision is expected to have a profound impact on the global economy and, specifically, the cryptocurrency market.

Analysts predict that China's rate cuts will inject liquidity into the market, creating a favorable environment for risk-on assets like Bitcoin. As investors seek higher returns, they may turn to cryptocurrencies, driving up demand and prices.

The timing couldn't be better, with the last week of October 2024 poised to witness a significant Bitcoin rally. Experts forecast that Bitcoin will break through the $65,000 resistance level and reach $$USDC 71,000, driven by:

1. Increased liquidity from China's rate cuts
2. Growing institutional adoption
3. Improving market sentiment
4. Technical indicators suggesting a breakout

This potential price surge would solidify Bitcoin's position as a safe-haven asset and store of value. Investors are advised to keep a close eye on market developments and consider strategic positions.

While predictions are uncertain, China's rate cuts have created a compelling narrative for a Bitcoin rally.
$BTC

El dólar en Colombia: llegará a los $USDC 4,350 pesos en noviembre de 2024, el euro a los 4,725

En los últimos días, el dólar ha mantenido un ritmo estable en Colombia, cerrando en 4,252.15 pesos colombianos el lunes 21 de octubre de 2024 ¹. Mientras el euro en el áreade los 4,600.
Sin embargo, varios factores podrían influir en su valor en noviembre de este año.
*Factores que podrían influir en el valor del dólar*

- *Debilitamiento del precio del petróleo*: La disminución en el precio del petróleo podría afectar la economía colombiana, lo que a su vez podría influir en el valor del dólar.
- *Reforma laboral*: Los cambios en la legislación laboral podrían impactar en la economía del país.
- *Incremento del gas*: El aumento en el precio del gas podría generar inflación y afectar el poder adquisitivo de los colombianos.
- *Escasez de lluvias*: La sequía podría afectar la producción agrícola y, por lo tanto, la economía del país.
- *Inseguridad*: La inestabilidad política y social podría disuadir la inversión extranjera y afectar la economía.

**Unemployment Rising, Public Bridges Falling: Germany Faces Growing Discontent Amid Migration Tensions**
#Germany is currently grappling with a surge in unemployment, deteriorating public infrastructure, and rising public discontent towards migrants. The unemployment rate has reached a three-year high of 6%, with the number of unemployed individuals rising by 17,000 to 2.823 .

Check out my findings

India's bond market has experienced a rally in September and October 2024 and this will keep injecting money into #Bitcoin❗ as millions of people in India have started to invest in alternative asset classes. According to experts, this trend is likely to continue, making it an attractive environment for variable income investments such as #Bitcoin which just broke the $66K resistance and it is on ito way to $70K this October

*Key Factors Contributing to the Rally for #Bitcoin*

- _Lower Interest Rates_: The Reserve Bank of India's potential rate cuts have boosted investor sentiment, leading to increased demand for bonds ¹.
- _Economic Slowdown_: India's economic growth has slowed down, making bonds a more attractive option for investors seeking stable returns ¹.
- _Global Trends_: The global bond market rally has also influenced India's bond market, with investors seeking higher yields in emerging markets ².

*Investment Opportunities*

Investors can consider investing in high-quality #cryptocurrencies
*Conclusion*

The Indian bond market rally in September and October 2024 presents opportunities for investors in #Bitcoin❗ . With expectations of lower interest rates and economic slowdown, fixed income investments are becoming increasingly attractive. As always, it's crucial to stay informed and adapt investment strategies to navigate the evolving market landscape.

Sources:
² Schwab Funds - Bond Market Update – October 2024

*India's Looming Liquidity Injection: A Boom for Bitcoin?*

As the global economy grapples with uncertainty, India, the world's third-largest economy by purchasing power parity, may soon find itself under pressure to inject liquidity into its financial markets. This potential move could have far-reaching consequences, including a beneficial impact on the cryptocurrency market, particularly Bitcoin.

*The Need for Liquidity Injection*

India's economic growth has been slowing down, with the country's GDP growth rate slipping to a five-year low of 5.8% in the last quarter of 2020.

*Lower Interest Rates: A Boost to Bitcoin?*

Lowering interest rates can have several consequences that could benefit Bitcoin:

1. *Reduced Opportunity Cost*: With lower interest rates, traditional assets such as bonds and savings accounts become less attractive, leading investors to seek alternative investments with higher potential returns, such as cryptocurrencies like Bitcoin.
2. *Increased Speculation*: Lower interest rates can fuel speculation in financial markets, which may lead to increased investment in volatile assets like Bitcoin.
3. *Weakened Rupee*: Lower interest rates can lead to a depreciation of the Indian rupee, making Bitcoin, pegged to the US dollar, more attractive to Indian investors seeking to hedge against currency fluctuations.

#Bitcoin Growing Popularity in India*

Despite regulatory uncertainty, Bitcoin has gained significant traction in India.

*Global Precedent*

India is not alone in considering liquidity injection. Central banks worldwide have implemented similar measures to stimulate economic growth. The US Federal Reserve, for instance, has lowered interest rates to near-zero levels, while the European Central Bank has implemented negative interest rates. These measures have contributed to the growing interest in cryptocurrencies, including Bitcoin.

*Conclusion*

As India considers injecting liquidity into its financial markets, #Bitcoin❗ may emerge as a beneficiary by reaching $BTC 70K #USDT in October 2024.

Hi, Mates. This is why I'm taking a trade in $ETH at 3.800. First of all, Ethereum has a very appealing ETF, ETFs are all over the news not just in the U.S but all around the world, this a hot season for #ETHSurge . Another important reason is that several American government entities are currently meeting to pass rules that allow for trading in digital assets. I'm going to close my trade at 4.200 USDT due to the resistance you can see on the picture.

$BTC Mates, I will share you why I bought $BTC at 68.000 USDT. #BlackRock outflows hasn't been too big even in the mist of a shaky stock market, currency risk globally. All this week many companies have been giving their Earnings reports, which by the way have been discouragely lower compare to last year, nonetheless #BTC has hold its ground. I'm pretty sure it will hit at least 73K in just a few days, if it's not this weekend