🟢 BTC: The second Fibonacci target at $97,800, which I mentioned earlier, has been achieved. Meanwhile, short-sellers remain active, with a significant number of sell limit orders placed at $100,000. The breakout from the local pattern has occurred, breaking the local resistance zone. However, consolidation on the daily candle is needed for this level to become support.
A reminder: corrections often occur at initial Fibonacci levels. However, this is a super bullish market, so a correction might not happen. Consolidation above $100,000 on the weekly timeframe would negate any correction. Until that happens, lower levels remain open. Right now, I do not recommend opening shorts hoping for a lucky break.
Further Bitcoin targets can be found in the November 11 post on the VIP channel. Remember, the mentioned correction is local! I’m not expecting any major dumps or a return to $41k.
📈 Altcoins: Most altcoins remain stagnant or are experiencing local corrections due to Bitcoin dominance. Those who traded the beginning of the cycle, especially in 2017, will recall a similar situation. Regarding altcoin growth, the upcoming rally will be massive. Many cannot even imagine what’s coming! Some are already reaching peaks in their mid-term pumps, but this is just the beginning. The real action is still ahead!
Currently, many crypto investors, often beginners, are asking themselves questions like why Bitcoin is rising while altcoins are not, why altcoins are struggling, and why altcoins are constantly undergoing corrections. We are seeing very high Bitcoin dominance, meaning a significant number of people are buying Bitcoin and holding it as a long-term investment. Bitcoin dominance is currently above 61%. Sooner or later, this dominance will correct—perhaps from today's levels, or it might continue to rise until it reaches 70% before correcting. When the dominance begins to correct, we will enter an altseason. You can look at examples of what happened when Bitcoin dominance was around 40-50%.
🔹 Bitcoin Price Hits New ATH Above $94,850 The flagship cryptocurrency continues its unstoppable rally, setting record highs.
🔹 Michael Saylor to Discuss Bitcoin Reserve with Microsoft On December 10, MicroStrategy founder Michael Saylor will present a proposal to Microsoft’s board of directors to adopt Bitcoin as a treasury reserve asset. 🚀
🔹 Robert Kiyosaki Backs Bitcoin Price Prediction of $13 Million The "Rich Dad, Poor Dad" author supports Michael Saylor’s prediction, stating:
> "Bitcoin at $13 million, as Saylor suggests? I think he’s right. He’s a smart guy. Bitcoin is $90,000 now. If Saylor is correct (and I believe he is), you can buy 0.1 BTC for $9,000 and become a millionaire tomorrow. That’s way better than taking on $50,000 in student debt for a mediocre MBA. Get smarter—buy Bitcoin. I already have."
🔹 BlackRock Bitcoin ETF Options Surge on First Day Unprecedented $1.9 billion in trading volume for BlackRock’s Bitcoin ETF options was recorded on the first day.
🔹 Coinglass: BTC/USDT SHORT Positions at Record Lows Few traders are betting against Bitcoin, even as it approaches the $100,000 milestone in the near future.
🔹 Macron Criticizes Crypto at G20 Summit French President Emmanuel Macron labeled cryptocurrencies a destabilizing factor for the global economy. 🤡 Critics argue that uncontrolled money printing is a far greater threat.
🔹 QCP Capital Predicts Full-Fledged Altseason Soon BTC dominance has climbed to a solid 60%. Experts foresee altseason gaining momentum after Bitcoin surpasses $100,000, driven by a constructive macro environment post-Trump’s election victory. However, many market participants remain unprepared, potentially triggering significant FOMO in altcoins as prices rise.
We are all waiting for the altcoin season. Altseason will come when Bitcoin dominance drops to at least 50%. Take a look at this chart, and you’ll understand everything. If you don’t understand, it’s time to leave the crypto market.
$AVAX you can buy already, but the best moment would be to buy at a price less than or equal to 30. you can view my trading strategy on the proposed screen
$ALGO Friends, how is your Long loan? I warned everyone on my Telegram channel that the market is not stable. A normal and adequate earning strategy is exclusively Spot trading.
my forecast for ALGO ???
At least 1 dollar. Now is the best time to buy. Spot only!
#$ALGO I've been following ALGO for over a year now, even have it in my portfolio. The average buying price was 0.18. One of the most promising projects turned out to be a disappointment. Many coins have shown significant results, but ALGO seems to be stuck in one place. When Bitcoin rises, ALGO remains stagnant. When Bitcoin corrects, the same happens with ALGO, and it corrects noticeably. It's just stagnating. I regret spending so much time observing and trusting in this disappointment of a project.