According to CoinDesk, Bitcoin (BTC), the leading cryptocurrency by market value, has experienced a significant rally of over 50% since early November. However, recent price movements suggest the formation of a "head and shoulders" pattern, a technical indicator that often signals a shift from a bullish to a bearish trend. This pattern began to take shape after Bitcoin's initial unsuccessful attempt to reach the $100,000 mark in November, which formed the first shoulder.

The subsequent head of the pattern emerged as Bitcoin's price quickly retreated to $92,000 from a record high of over $108,000 in December's latter half. Recently, a 5% decline to nearly $97,000 indicates the potential formation of the right shoulder. If the downward trend continues and prices fall below the neckline—a horizontal trendline connecting the troughs of the two shoulders—the bearish head-and-shoulders reversal pattern would be confirmed. Currently, the neckline support is observed around $91,500.

A breach of this level could lead to a further decline, potentially bringing prices down to approximately $75,000. This target is calculated using the measured move method, which involves measuring the vertical distance from the highest point of the head to the neckline and subtracting this distance from the neckline price point. While technical analysis involves examining charts for price patterns to forecast future movements, traders should exercise caution. These patterns can sometimes fail, leading to unexpected market positions.
#BinanceMegadropSolv

Bloomberg analysts suggest that the voting members of the Federal Open Market Committee (FOMC) in 2025 will have more diverse positions, which could lead to an increase in disagreements.

Barron's notes that the rotating members could tilt the Fed's decisions towards a more aggressive stance in 2025. Reuters' analysis indicates that as time goes on, Fed officials may encounter new divisions, especially if the labor market cools faster than inflation. The increase in hawkish members could raise the risk of disagreements, although it may not alter policy outcomes.

The Federal Reserve's website indicates that eight meetings have been scheduled for 2025, taking place in January, March, May, June, July, September, October, and December. The dot plot published by the Fed in December 2024 shows a reduction in the projected number of rate cuts for 2025, from four in September to two, with an increase in the forecasted average interest rate from 3.4% to 3.9%.
#CryptoReboundStrategy

According to Cointelegraph, the future of Bitcoin (BTC) policies under elected President Donald Trump may depend on the perception that the global investment community has about the U.S. economy and the U.S. dollar. Ki Young Ju, CEO and founder of CryptoQuant, suggests that assets like gold and Bitcoin often experience price increases when investors perceive threats to the economic dominance of the United States. However, current investor confidence in the U.S. economy and the U.S. dollar as a safe haven currency remains strong.
Ju believes that this confidence in the strength of the U.S. dollar makes it unlikely that the Trump administration will adopt a strategic reserve of bitcoin to maintain the dominance of the U.S. dollar. This could lead to a reversal of any pro-bitcoin policy. Ju noted that even before taking office, Trump frequently highlighted the power disparity between the United States and other nations, which, along with the increase in capital inflows to the dollar, could reinforce confidence in its supremacy.
Ju also observed that many Koreans prefer U.S. dollars over gold or bitcoin as a safe haven, especially as the Korean won weakens. This trend is reflected in emerging economies, where people opt for dollar-pegged stablecoins to preserve value. The dollar strength index indicates that the U.S. dollar has been gaining strength since October 2024.
In relation to this topic, Charles Cascarilla, co-founder and CEO of Paxos, shared his thoughts at the Bitcoin Middle East and North Africa (MENA) conference. He stated that the financial system is evolving towards a fully on-chain model, in which dollar-pegged stablecoins play a crucial role in the blockchain economy.
#BitwiseBitcoinEFT

In the world of crypto, even the smallest moves can teach us the biggest lessons. For the past 30 days, I embarked on a simple yet eye-opening experiment: buying $1 worth of crypto every night at 9 p.m. My goal? To explore the power of consistency, diversification, and timing in the unpredictable cryptocurrency market.
By the end of the month, I had amassed 30 unique cryptocurrencies, each with its own story, risks, and rewards. Here’s what this hands-on journey taught me about navigating the volatile world of crypto investing.
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The Plan: $1 a Night, 30 Different Cryptocurrencies
I wanted to create a low-risk strategy that would allow me to explore the cryptocurrency market without spending a fortune. Spending $1 each day on a different coin seemed like the perfect plan. I thought diversification would reduce the risks and give me a balanced portfolio.
But as the days went by, the reality of cryptocurrency investing began to reveal itself.
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Lesson 1: Cryptocurrency prices move at lightning speed ⚡
The first surprise was how quickly cryptocurrency prices change.
Some nights, the coin I bought went up 10% or more overnight.
Other nights, it went down just as fast.
The constant ups and downs made my portfolio feel like a roller coaster. Despite holding 30 different coins, the big swings in the overall market made most of my portfolio move in the same direction.
👉 Bottom Line: Volatility is key in the crypto world. You need to be prepared for wild price swings, both up and down.

#Crypto2025Trends

On December 25, 2024, a significant XRP transaction caught the attention of the cryptocurrency community. A transfer of 30,171,667 XRP, valued at approximately 69.2 million dollars, was made from an unknown wallet to a Coinbase address.

Such transfers to exchanges often raise concerns about potential mass sales, as they may indicate an intention to liquidate holdings, which could affect the asset's price. However, some analysts suggest that this particular transaction could be an internal transfer within Coinbase, which would be a routine operation with no market implications.

This event coincided with a 4% increase in the price of XRP on Christmas Day, when the cryptocurrency reached $2.31. The timing of the transfer has led to speculation about its purpose, although the exact intention remains unclear.
It is important to note that large transactions from so-called "whales" can influence market sentiment, but without clear information regarding the motives behind such transfers, any conclusion remains speculative.

As always, investors should approach market movements with caution and consider multiple factors when making decisions.#XmasCryptoMiracles

The SEC had previously developed a rule known as "ATS Regulation," which could affect the cryptocurrency industry. This rule, which was reopened for public comments in April, aims to broaden the definition of trading platforms and potentially require decentralized projects to register as alternative trading systems with the agency.

Miller Whitehouse-Levine, CEO of the DeFi Educational Fund, suggests that if Gensler does not implement the ATS regulation before Trump's inauguration, the rule may not be confirmed in the same way in the future. Alternatively, it could be completely discarded, depending on the SEC's priorities.
#XmasCryproMiracles

In October 2024, MicroStrategy presented an ambitious three-year capital strategy known as the 21/21 Plan. This plan aims to raise $21 billion in equity capital and another $21 billion through fixed-income instruments, including debt, convertible notes, and preferred stock. The proposals for the special meeting aim to support the implementation of this plan and other corporate purposes. Shareholders will also vote on a proposal to grant automatic stock awards to new Board members upon their appointment. Additionally, they will decide whether to approve or reject proposals to postpone the meeting if necessary to gather more proxies.
MicroStrategy has been in the spotlight recently due to its ongoing acquisitions of Bitcoin. Just in December, the company purchased 42,162 BTC, valued at over $4 billion at current market prices. By the end of October, MicroStrategy reported a Bitcoin yield of 17.8%, with plans to achieve a more moderate annual return of 6% to 10% between 2025 and 2027. Since then, the company has raised $13 billion through stock sales and $3 billion through convertible bonds. This aggressive Bitcoin strategy has significantly contributed to MicroStrategy's rise to the Nasdaq 100, marking a remarkable achievement for the company. In 2024, the company's bold Bitcoin strategy paid off as it joined the prestigious Nasdaq 100, with its stock rising over 422% year-to-date. This growth was driven by the company's ability to generate substantial market value, largely through its significant Bitcoin holdings, alongside a strong performance in its core software and business intelligence operations.
#ReboundRally

Binance Market Update: Top Stories for December 24, 2024

The global cryptocurrency market cap is now at $3.31 trillion, down 0.68% from the past day, according to data from CoinMarketCap.

Bitcoin (BTC) has traded between $92,520 and $96,539 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,155, down -1.84%.

Most of the top cryptocurrencies by market cap are trading mixed. The best market performers include PHA, ZEN, and BAT, which are up 34%, 30%, and 25%, respectively.

#MarketRebound

According to BlockBeats, on December 24, Forbes published seven significant predictions for the cryptocurrency industry through 2025. These forecasts include significant developments in various aspects of the cryptocurrency sector.

First, it is anticipated that a major country, either from the G7 or BRICS, will establish and announce a strategic reserve of bitcoins. This measure could indicate a shift in how national economies view and integrate cryptocurrencies into their financial systems.

Second, stablecoins are expected to continue their growth trajectory, potentially doubling in size to surpass $400 billion. This growth underscores the increasing reliance on stablecoins for transactions and as a store of value within the cryptocurrency ecosystem.

Another key trend anticipated is the rise of Bitcoin DeFi, supported by layer 2 solutions, which is expected to become a significant growth area. This development could enhance the scalability and functionality of Bitcoin within decentralized financial applications.

Furthermore, the proliferation of Bitcoin ETFs is expected to continue, with new cryptocurrency-focused ETFs emerging. This trend reflects the growing interest and acceptance of crypto assets in traditional financial markets.

Forbes also predicts that one of the "Seven Sisters" of the U.S. stock market will add Bitcoin to its balance sheet, surpassing Tesla's current holdings. This move could further legitimize Bitcoin as a corporate asset.

Additionally, it is projected that the total market capitalization of cryptocurrencies will exceed $8 trillion, indicating substantial growth and adoption worldwide.
#ChristmasMarketAnalysis

We are starting to see good setups, BTC slightly dropping and BTC Dominance retreating faster (which reflects that people are leaving Bitcoin) and Altcoins rising (welcoming those who are leaving BTC).

Of course, as I posted yesterday in the BTC Daily Analysis, it was expected that altcoins would react today despite it being the weekend and the charts that most form are very optimistic.

Being attentive to today's weekly opening is extremely important for us to maintain the rise, stay alert!
Gentlemen, if you did not sell your coins and stayed here, YOU WILL WIN and make a lot of profits in the new year.
A Christmas rally would be great
#BTCOutlook

History repeats itself......

Corrections in a bull market are common and "healthy"; all that is needed is a series of strategically organized fundamental news.

Bitcoin dropped to $92,000 in a "buying the dip" movement.
The weakness in BTC's price finds support at familiar levels, and Bitcoin traders watch how historical patterns unfold.

Bitcoin dropped to $92,000 in a "buying the dip" movement.
Market update
Bitcoin (BTC) sought relief after the opening of Wall Street on December 20, as a massive leverage unwinding continued to punish late bulls.

#BTCNextMove