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Bullish
The consolidation period is underway,$BTC will face some resistance at around 100k. Expecting a forward momentum after Trump in White House. Until then expect hovering of prices near 100k.
The consolidation period is underway,$BTC will face some resistance at around 100k. Expecting a forward momentum after Trump in White House. Until then expect hovering of prices near 100k.
breaking of 100k -> Jan2025
Breaking 100k -> Dec 2024
2 day(s) left
Are We Entering a Long Accumulation Phase in Crypto? The cryptocurrency market appears to be entering a prolonged accumulation phase, historically a precursor to significant price rallies. This outlook is supported by macroeconomic factors and technical indicators that align with a bullish trajectory. Macroeconomic Drivers The Federal Reserve’s anticipated interest rate cuts are likely to inject liquidity into the financial system, reducing the cost of borrowing and weakening the U.S. dollar. This environment traditionally benefits risk-on assets such as cryptocurrencies. Additionally, a Trump presidency could bring pro-business policies and market optimism, creating favorable conditions for institutional interest in digital assets. Technical and On-Chain Signals 1. Market Cycles: Bitcoin’s four-year halving cycle suggests a supply shock in 2024, typically followed by a price surge. Current consolidation reflects accumulation by long-term holders. 2. On-Chain Metrics: • HODL Waves: Over 65% of Bitcoin’s supply remains unmoved in a year, signaling strong investor conviction. • MVRV Ratio: Below 1.5, it indicates undervaluation, a hallmark of accumulation phases. • Exchange Outflows: A decline in exchange balances shows investors shifting assets to long-term storage. 3. Technical Patterns: Bitcoin’s ascending triangle and support at the 200-week moving average suggest upward potential, while RSI remains neutral, allowing for further momentum. Altcoin Outlook Altcoins may follow Bitcoin’s lead, with Ethereum and Layer-2 solutions positioned for growth due to increased adoption and staking incentives. Regulatory clarity in key markets could further enhance their prospects. Conclusion With macroeconomic shifts, technical stability, and growing institutional interest, cryptocurrencies appear primed for significant growth following this accumulation phase. Investors may find this an opportune moment to position strategically.$BTC $ETH #BitcoinStrategy #CryptoAnalysisUpdate {spot}(BTCUSDT) {spot}(ETHUSDT)
Are We Entering a Long Accumulation Phase in Crypto?

The cryptocurrency market appears to be entering a prolonged accumulation phase, historically a precursor to significant price rallies. This outlook is supported by macroeconomic factors and technical indicators that align with a bullish trajectory.

Macroeconomic Drivers

The Federal Reserve’s anticipated interest rate cuts are likely to inject liquidity into the financial system, reducing the cost of borrowing and weakening the U.S. dollar. This environment traditionally benefits risk-on assets such as cryptocurrencies. Additionally, a Trump presidency could bring pro-business policies and market optimism, creating favorable conditions for institutional interest in digital assets.

Technical and On-Chain Signals

1. Market Cycles: Bitcoin’s four-year halving cycle suggests a supply shock in 2024, typically followed by a price surge. Current consolidation reflects accumulation by long-term holders.
2. On-Chain Metrics:
• HODL Waves: Over 65% of Bitcoin’s supply remains unmoved in a year, signaling strong investor conviction.
• MVRV Ratio: Below 1.5, it indicates undervaluation, a hallmark of accumulation phases.
• Exchange Outflows: A decline in exchange balances shows investors shifting assets to long-term storage.
3. Technical Patterns: Bitcoin’s ascending triangle and support at the 200-week moving average suggest upward potential, while RSI remains neutral, allowing for further momentum.

Altcoin Outlook

Altcoins may follow Bitcoin’s lead, with Ethereum and Layer-2 solutions positioned for growth due to increased adoption and staking incentives. Regulatory clarity in key markets could further enhance their prospects.

Conclusion

With macroeconomic shifts, technical stability, and growing institutional interest, cryptocurrencies appear primed for significant growth following this accumulation phase. Investors may find this an opportune moment to position strategically.$BTC $ETH #BitcoinStrategy #CryptoAnalysisUpdate
Hoarding started as the big player creating this fall by booking profits. Price will fall for all the crypto as big 2 are falling, expected price of $BTC & $ETH is in the range of 87-92k for Bitcoin and ETH facing much of pressure and can end up in the range from 2.8-3.3 k range for next few weeks. #CryptoAnalysisUpdate #bitcoin☀️ #Ethereum #NextMarketMoves
Hoarding started as the big player creating this fall by booking profits. Price will fall for all the crypto as big 2 are falling, expected price of $BTC & $ETH is in the range of 87-92k for Bitcoin and ETH facing much of pressure and can end up in the range from 2.8-3.3 k range for next few weeks. #CryptoAnalysisUpdate #bitcoin☀️ #Ethereum #NextMarketMoves
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