It's interesting to observe people who don't realize that the bull market has already begun.
Many still think that all of this is a fake upward movement and that we will soon experience a strong downturn down to a level of ~$60,000.
Of course, everyone has their own opinion, and that's normal. However, many still do not understand that the razor for long positions has already passed. For the last 8 months, we have witnessed a massive sell-off of altcoins and the liquidation of long positions, and a correction cannot last forever, so the time has come for a market reversal and to start trimming in the opposite direction (short sellers). We have all the necessary factors that can provoke further market growth. Historical indicators, news background, current trend — all of this points to further growth; those who do not want to believe it and go against the market will be left without a deposit.
A local pullback is acceptable, but a global correction should not be expected right now. Otherwise, you will be liquidated so quickly that you won't even understand how it happened.
Everything is according to the script 🤝 I think we are on the verge of something grand and historic.
As I told you earlier, before the expected reversal happens, it is necessary to make sure that the majority of market participants believe more in the continuation of the correction than in further growth.
A large market capital took advantage of the correction moment and purchased ONDO coin today for $16.3 million.
The asset has been showing very robust growth in recent days, but this was halted by the current market pullback. The asset is very promising, and there is now an opportunity to acquire it at a more favorable price.
In the event of a local market reversal, this asset should be one of the first to start pleasing its holders. This is indicated by the technical factors of the asset, existing buybacks, and current whale actions.
Today the altcoin market reacted with quite a good correction, this happened due to a sharp rebound in Bitcoin's dominance, which increased by 2%.
It may seem that the market is standing still, while altcoins are showing quite significant correction impulses; why is that? Friends, I want to tell you that this is a normal pullback that always occurs after a decent rise.
Many newcomers who have just entered the market still think that if an asset is 'promising,' it should move exclusively upward without any significant corrections. However, this is not the case at all; even in a bullish market, after good growth impulses, a pullback always follows. Otherwise, too many people would be making money on the rise, which is not beneficial for the market itself. Therefore, it is not worth perceiving a correction negatively. This is a necessary pullback after which we will see further growth and the breaking of higher values. Don't worry, the growth is just beginning; local pullbacks happen specifically to shake out 'passengers' and weak hands in the market.
$BTC 📊 #BTC Glassnode: the latest data shows that $99,559 is the largest accumulation zone (125,000 BTC), while the $96,000–$98,000 zone with 120,000 BTC accumulated forms potential support in the short term.
In the last 24 hours, large PEPE holders have purchased a total of $1.26 billion!
Today, the asset has again reached a new all-time high, however, major market players continue to buy this coin heavily, even regardless of the fact that it is trading near its maximum values. It’s very simple — whales are waiting for continued growth and reaching higher values. This meme coin still has the potential to pleasantly surprise its holders, all the growth is behind — this is not the limit yet.
• I keep hearing that the bears are giving their predictions for a decline. I wouldn't trust them; they have been wrong for months. Just look at them, most missed the perfect entry point and want the price of #Bitcoin to go down, lol.
🔥But it's not that simple. We are currently in the peak of the #Bitcoin growth season.
The 'stock-to-flow' indicator model is currently extremely accurate. Stop listening to the bears and start referring to this model.
One of the largest market makers of the market “WinterMute” bought the BONK coin today for $3.2 million.
After a decent rollback from its recently set high, the asset again reached favorable values for gaining a position, confirmation of this is the current accumulation by MM. In the near future, we should see the end of the rollback and further continuation of growth, with an update of its maximum.
The moment has come 🍾 Right now, the market is entering the very period we have been waiting for over two years. The majority of people have been accumulating various coins in their portfolios during this time, but for a long time, no one was able to exit their drawdown, as Bitcoin's dominance did not allow altcoins to breathe properly. Now the long-awaited moment of dominance reversal and altcoin growth has arrived. We are entering the period when the market starts rewarding all those who believed until the last moment in the upcoming market growth and did not take profits even during strong corrections. Unfortunately, there are not many of us left, but if you are among them — my congratulations. You will soon receive the very profit from the market that you came here for. Just hodl.
Due to the fact that dominance has significantly decreased recently, even with a strong correction of Bitcoin, we observe that altcoins are doing very well. Coins have started to live more of their own lives and are not as heavily dependent on BTC. During such a strong correction of the market (-10%), we experienced a very light correction in altcoins.
And I want to say that this is a very positive factor for the market and for the entire altcoin sector. This indicates the special strength of altcoins and that the main liquidity is currently starting to flow into that direction from the market.
• The triangle that #Ethereum has been forming for many years is ready for a breakout. The upper boundary of the triangle, known as the 'descending trend,' has been broken. What does this mean? Correct: the largest #Alts season is loading.
😅 Three months ago, I told you that a price of $2300 is a gift.
• I don't know about you, but I think that #Eth can rise much higher than our expectations in this cycle. I am setting a new target at the 2.618fib level based on the information above.
I believe that the 2.618fib level will be the peak price of #Eth ~ $11,300🚀
Now imagine the faces of the bears if #Ethereum reaches my target.
$FET 🇺🇸 Cointelegraph: Donald Trump has appointed venture capitalist and co-host of the “All-In” podcast, David Sacks, as the “Crypto Czar” for AI and cryptocurrency issues!
Sacks, who previously worked with Elon Musk at PayPal, will serve as the chief advisor to the administration on AI and cryptocurrency, aiming to strengthen the global competitiveness of the United States in these areas.