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MihaiDaniel
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Let the thunder come at the beginning of January 2025 💥? The answer is, if
Bitcoin
exceeds $103,000 very likely!
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MihaiDaniel
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High chances that S&P500 will do what it did in August 2024, everything tech has a 10% bear flag, btc was down 23% at the time, a similar scenario takes us to 67k ish maybe with a wick, this is the worst case
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In bearish periods when someone sells bitcoin, Ethereum or BNB or other top 50 coins there is a buyer, in corrections those who sell at the top buy those who are afraid of missing the moment! There will always be a seller and a buyer at both the top and the bottom!
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Bitcoin is not in bear market , if you look at the big picture it looks like preparing for a huge run. Markets can be scary until 2 April but a big move is loading
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If bitcoin doesn't break above $90,000, if it doesn't confirm $87,000 as support, it could be a bull trap, volume is still very weak. At this point, the 87k - 90k area is a serious resistance area, with the current volume I don't think it can break through.
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The crypto market seems to be in an induced coma, bitcoin seems to be infected by the stability of USDC and for a few days it has also been at $84,000, volumes are minimal, it seems like everything is at closing time. This is not the first time the market has shown itself like this, it will not take long and you will see activity again. Such periods are useful for crypto projects because they have peace, time for organization.
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