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🚨 Bitcoin Analysis Update 🚨
Bitcoin analysis based on fundamentals and technicals. Here's the update:
➡️Currently, Bitcoin is trading within a range, consolidating and preparing for its next move upward. Technically, Bitcoin is near a key resistance level. I've also identified the major support level, which remains intact. As long as Bitcoin doesn’t close a daily candle below this support, there’s no need to worry, we are still in a bull market.
Bitcoin has tested the resistance multiple times, weakening it. Once Bitcoin breaks this resistance and closes a daily candle above it, we can expect targets of $110K and $125K.
Fundamental Analysis
From a fundamental perspective, the upcoming weeks could be game-changing. Mark these two important dates:
1. December 18 (Fed Interest Rate Decision)
• The Fed is expected to announce a 25 basis points rate cut, which is almost confirmed. This is a very bullish signal for Bitcoin and the crypto market. If this happens, it could break its resistance and move higher.
2. January 20 (Donald Trump Oath Ceremony)
• Donald Trump’s oath-taking ceremony is another bullish event for Bitcoin. However, don't expect a sudden pump only on January 20. Bitcoin is likely to gain momentum starting from the interest rate cut announcement on December 18, and this momentum could continue until January 20.
⚠️Note: This could also be a "buy the rumor, sell the news" event, meaning there may be some short-term volatility around January 20. A similar pattern happened during the BTC ETF approval, where Bitcoin pumped before the ETF official approval announcement, after the ETF approved everyone thinks that Bitcoin will only pump here but Bitcoin will take a correction for the short term and then again Started to rise. So this scenario is again repeat on the time of Donald Trump Oath Ceremony.
⚠️Conclusion
Both technical and fundamental indicators suggest $BTC is bullish. Keep a close eye on December 18.
#BitcoinKeyZone
#BTCReclaims101K
#fedcut
#MicroStrategyVsNasdaq
Bitcoin analysis based on fundamentals and technicals. Here's the update:
➡️Currently, Bitcoin is trading within a range, consolidating and preparing for its next move upward. Technically, Bitcoin is near a key resistance level. I've also identified the major support level, which remains intact. As long as Bitcoin doesn’t close a daily candle below this support, there’s no need to worry, we are still in a bull market.
Bitcoin has tested the resistance multiple times, weakening it. Once Bitcoin breaks this resistance and closes a daily candle above it, we can expect targets of $110K and $125K.
Fundamental Analysis
From a fundamental perspective, the upcoming weeks could be game-changing. Mark these two important dates:
1. December 18 (Fed Interest Rate Decision)
• The Fed is expected to announce a 25 basis points rate cut, which is almost confirmed. This is a very bullish signal for Bitcoin and the crypto market. If this happens, it could break its resistance and move higher.
2. January 20 (Donald Trump Oath Ceremony)
• Donald Trump’s oath-taking ceremony is another bullish event for Bitcoin. However, don't expect a sudden pump only on January 20. Bitcoin is likely to gain momentum starting from the interest rate cut announcement on December 18, and this momentum could continue until January 20.
⚠️Note: This could also be a "buy the rumor, sell the news" event, meaning there may be some short-term volatility around January 20. A similar pattern happened during the BTC ETF approval, where Bitcoin pumped before the ETF official approval announcement, after the ETF approved everyone thinks that Bitcoin will only pump here but Bitcoin will take a correction for the short term and then again Started to rise. So this scenario is again repeat on the time of Donald Trump Oath Ceremony.
⚠️Conclusion
Both technical and fundamental indicators suggest $BTC is bullish. Keep a close eye on December 18.
#BitcoinKeyZone
#BTCReclaims101K
#fedcut
#MicroStrategyVsNasdaq
Bitcoin Lifted Above $100,000 on Firming Expectations of Fed Cut
(Bloomberg) -- Bitcoin renewed a climb past $100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.
The digital asset rose nearly 5% on Wednesday in the US, the most in two weeks, before paring some of the gain to change hands at $100,665 as of 8:52 a.m. on Thursday in Singapore. Smaller tokens traded in relatively tight ranges.
President-elect Donald Trump’s moves to undo a Biden administration crypto crackdown in favor of looser regulations helped to push Bitcoin to an all-time peak of $103,800 on Dec. 5.
But the original cryptocurrency subsequently struggled to stay above the six-figure level as speculators took some profits.
US consumer-price inflation last month met forecasts, cementing expectations for a reduction in borrowing costs by the Fed next week.
The prospect of looser monetary conditions soothed investor sentiment, sending the tech-heavy Nasdaq 100 stock index to a record high.
“The market likes seeing inflation come in within expectations,” said Henry Elder, a principal at UTXO Management, adding that traders are “trying to figure out if $100,000 is a ceiling or a floor.”
Aside from supportive regulations, Trump has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the latter idea.
The president-elect’s son Eric Trump said on Bloomberg Television that his father is “going to be an unbelievable ally to the industry.”
Donald Trump used to be a digital-asset skeptic but pivoted as the industry spent big on promoting its interests during US election campaigning.
The Republican now has his own projects in crypto, a controversial sector with a history of volatility, fraud and criminal activity.
Market leader Bitcoin is up roughly 50% since Trump’s victory in the US election on Nov. 5, aided by a net inflow of about $11 billi
#bloomberginsights #BTC100K🔥🔥 #FedCut #CryptoMarketTrend #CryptoNews
(Bloomberg) -- Bitcoin renewed a climb past $100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut.
The digital asset rose nearly 5% on Wednesday in the US, the most in two weeks, before paring some of the gain to change hands at $100,665 as of 8:52 a.m. on Thursday in Singapore. Smaller tokens traded in relatively tight ranges.
President-elect Donald Trump’s moves to undo a Biden administration crypto crackdown in favor of looser regulations helped to push Bitcoin to an all-time peak of $103,800 on Dec. 5.
But the original cryptocurrency subsequently struggled to stay above the six-figure level as speculators took some profits.
US consumer-price inflation last month met forecasts, cementing expectations for a reduction in borrowing costs by the Fed next week.
The prospect of looser monetary conditions soothed investor sentiment, sending the tech-heavy Nasdaq 100 stock index to a record high.
“The market likes seeing inflation come in within expectations,” said Henry Elder, a principal at UTXO Management, adding that traders are “trying to figure out if $100,000 is a ceiling or a floor.”
Aside from supportive regulations, Trump has also backed the idea of a strategic national Bitcoin stockpile, though many question the feasibility of the latter idea.
The president-elect’s son Eric Trump said on Bloomberg Television that his father is “going to be an unbelievable ally to the industry.”
Donald Trump used to be a digital-asset skeptic but pivoted as the industry spent big on promoting its interests during US election campaigning.
The Republican now has his own projects in crypto, a controversial sector with a history of volatility, fraud and criminal activity.
Market leader Bitcoin is up roughly 50% since Trump’s victory in the US election on Nov. 5, aided by a net inflow of about $11 billi
#bloomberginsights #BTC100K🔥🔥 #FedCut #CryptoMarketTrend #CryptoNews