#altcoins **BTC Analysis & Predictions for May 20, 2024**
As predicted, BTC has been moving sideways between $66-$67k since May 17, 2024, even after briefly dipping to $65,800. It quickly rebounded to the $66k range. Just as I advised buying when BTC was at $57k and again at $60-$63k, it’s clear that those opportunities won’t come around again. Despite some hoping for a drop back to $60k or lower, it’s unlikely BTC will dip below $64-$65k unless a significant global event occurs, like a pandemic or world war.
Today marks the beginning of a new week. As seen from the attached image, the DXY is in a downtrend since the Asian market opened. The greed index has decreased by 2 points from yesterday, likely due to lingering fear from recent market fluctuations. However, I believe now is a prime time to enter the market.
Even with upcoming news about Fed Chairman Powell’s speech today, the DXY remains relatively stable with a downtrend, indicating that Asian investors are selling USD and potentially moving into the crypto market. This trend might suggest that once the US market opens, we could see BTC rise to $68-$69k, possibly sooner. This movement is likely to be mirrored by other coins, especially meme coins like #BOME, #FLOKI, #PEPE, and #NOT, which often follow BTC’s lead.
This detailed analysis and prediction might not be posted regularly in the future, so make the most of it and do your own research (DYOR). Don’t miss out on the potential gains, especially from the mentioned meme coins, which are expected to reach new all-time highs (ATH), following in the footsteps of FLOKI and PEPE.
**As always, DYOR.**
*Note: Soon, I will not be posting such detailed analyses and predictions, so take advantage while you can.*
