Crypto Market Analysis: A Post-Christmas Reality Check š§
While Christmas brought a temporary surge in crypto prices (with Bitcoin hitting 99.5k!), it's crucial to look beyond the festive cheer. š
Here's the current situation:
Low Inflow, High Volatility:
Despite the recent rally, overall market investment remains low. This suggests a potential for a correction as the market adjusts. š
Unnatural Market Behavior:
The sharp Christmas rally raises concerns about potential market manipulation. ā ļø Fake pumps and dumps can create an unstable and unpredictable market.
Waiting for Key Signals:
š Needs to break the 3600 resistance level to confirm a bullish trend.
XRP:
š”ļø Must hold above $1.90 to sustain the current bullish momentum.
Solana & Litecoin:
š¢ Showing positive signs of strength.
What's Next?
Whale Movements:
š³ Keep a close eye on the activity of large investors, as they can significantly impact market direction.
January 20th, 2025:
š The potential impact of Trump's presidency on the crypto market is a major factor.
