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Could Bitcoin Turn into a Nightmare on January 20th? What to Expect? Bitcoin $94,276.6 continues to remain under strong selling pressure, rejecting $100,000 during Christmas. While investors try to maintain the critical support at $95,000, some analysts predict that BTC could drop as low as $60,000 before Donald Trump's inauguration on January 19th. Bitcoin continues to face selling pressure After rising to $100,000, Bitcoin's decline increased selling pressure. The price is trying to stay around $95,000. However, on-chain data shows that Bitcoin's ability to continue the rally is limited. Analysts warn that if BTC fails to hold the support zone between $97,041 and $93,806, it could experience further value loss. Popular crypto analyst Ali Martinez says that if these support levels are broken, the price could drop to $70,085. On-chain data also shows that an increase in BTC exchange reserves is causing investors to prepare for a potential drop. Over the past week, more than 33,000 Bitcoins have been transferred to exchanges. This could herald a possible decline. Warnings about Bitcoin's Decline Scenarios are Increasing The increasing Bitcoin reserves in the exchanges signal potential profit realizations. On December 23, Bitcoin investors made a profit of $7.17 billion. In addition, the decrease in Bitcoin long positions indicates that investors are considering the market risks more. Analyst Peter Brandt stated that Bitcoin could experience a breakout from the triangle pattern and retrace to the $70,000 levels. This decline could deepen further ahead of Trump's inauguration ceremony. Optimism Continues in Altcoins Despite the possible decline in Bitcoin, there has been no decrease in interest in altcoins. Investors continue to believe that altcoins can recover. Market analysts point out that the altcoin season is not over and that these assets have the potential to rebound strongly. Despite the pressure on Bitcoin, optimism for altcoins continues. Not investment advice $BTC
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4 Cryptocurrencies That Could Get Their Own Spot ETFs in 2025, According to Bloomberg Analysts
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Altcoins outperforming Bitcoin price in 2024 Pepe (PEPE) The meme token Pepe (PEPE), which was launched last year, saw an incredible surge in 2024. Based on the famous Pepe the Frog character on the Internet, this token had a market value of 590.8 million dollars at the beginning of the year. However, in December, it reached 9.4 billion dollars, showing an increase of 1,492%. Pepe made headlines with its humorous style and impressive price increases. The token, which maintained its popularity throughout 2024, is currently the 28th largest cryptocurrency in terms of market value. $PEPE
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--- 🌟 *A Year of Milestones with Binance! 🌟 This year, I set out to grow my crypto portfolio, and Binance was my ultimate partner in success. From starting with just $500 to building a portfolio worth $10,000 in under a year, the journey has been nothing short of incredible! 💡 Highlights of my year: ✔️ Learned to stake and earned passive income. ✔️ Participated in Binance Launchpad projects and saw 3x returns. ✔️ Became part of a vibrant global crypto community. Here’s to smart investing, continued learning, and smashing new goals in 2024! #2024withBinance
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#2024withBinance GM
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