OKG Research reports that just 0.01% of global listed companies currently hold Bitcoin, with an estimated $2.28tr in potential inflows over the next year.
This influx could drive Bitcoin's price to approximately $200,000, aligning with forecasts from Bernstein, BCA Research, and Standard Chartered Bank.
Bitcoin Bullets® Market Analysis NOVEMBER 27th, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (H2) On the H2 timeframe, the price action of $BTC successfully retraced as anticipated below the specified level. 📉✅
Currently, it is gaining momentum and consolidating above its horizontal support level, forming a compression pattern. 📊
However, the price action is also developing a lower high formation, indicating a cautious upward move with potential bearish undertones if resistance levels hold. 🔄📉
⚪️WRAP-UP (VIP) If the price action flips its upside resistance level into support, it could signal a further upward movement, potentially leading to a change in market structure. 📈🔄
This would indicate a shift from the current lower high formation to a more bullish trend, opening the door for sustained upward momentum. 🚀
$BTC DAILY RANGE: 📈Upper Limit: $99,200 📉Lower Limit: $90,954 (+-9.47 based on moving average volatility open/endpoints)
BOME is consolidating within an ascending triangle pattern and is currently rebounding from its support trendline. The Ichimoku Cloud is providing strong support, indicating bullish momentum. A decisive breakout or breakdown is needed to confirm the next significant move.
Bitcoin has broken out of the ascending triangle pattern with significant volume and is now retracing for a potential retest above the breakout level.
The Ichimoku Cloud is also indicating bullish strength, supporting the upward momentum. A successful retest at this level could confirm the breakout and trigger a strong bullish rally in the market.
⚡️MARA CEO: We are going to see essentially institutions just waiting to buy up #Bitcoin 💰. Anybody who is selling is selling into a market with ample demand.
ENJ is currently consolidating within a falling wedge pattern, rebounding from the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action. A decisive breakout from both the wedge and the cloud could signal the start of a bullish rally.
MANA has broken out of the descending triangle pattern with significant volume. Both the 21MA and 50MA are indicating bullish momentum, suggesting that a strong rally may be on the horizon.