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FAHEEM TRADERS
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Bitcoin
price Target 🎯 Before 2025 Entry ?
#BinanceNextWave
$BTC
#BTCNextMove
$105,000 😲. 🎉🎉🎉
$100,000 😮. 👍👍👍
$99,000 😉. ✨✨✨
Below $95,000 😏. 💨💨💨
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$BB 🔥 Bouncebit entered in Mega Bullish Trend ! ☀️ This rectangle bullish pattern is very surprising & indicate a bullish Trend . ☀️ strong resistance is found in $0.46 . #BinanceNextWave #Write2Earn $BTC
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#ReboundRally Bitcoin Almost Hits $100K Triggering a Christmas Rally: Will it Close the Yearly Trade Above the Range? Has Bitcoin bull run re-instigated? Will the BTC price rise and form a new ATH before the end of 2024? The market participants remained vigilant over the crypto markets, specifically the Bitcoin price rally, as they tend to look out for these answers. While the market volatility varied, the star token had failed to gain the required buying pressure. However, the latest rise suggests the bulls tried hard to reclaim the $100K spot but the bears, who seem to have capitulated to these levels, prevented the token from doing so. Now that the token displayed a Christmas rally, the year-end rise is expected to revive a strong rise, marking new highs. While the BTC price displayed uncertainty, the spot ETFs witnessed a massive sell-off. BlackRock sold over $188 million worth of BTC, which is one of their biggest sell-offs since the start.Besdies, the total sell-offs also marked the peak of over $338 million but the price recovered from $94,000 to $99,000. Regardless of this, BlackRock and Fidelity collectively hold over $50 billion in Bitcoin, which could keep up the bullish hopes over the rally.
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#ReboundRally $BTC $ETH 🔥 Is a “New Year’s Rally” Coming for Bitcoin? Analyst Timothy Peterson Reveals: Cryptocurrency analyst Timothy Peterson predicted a potential “Santa rally” for Bitcoin in a Twitter post, citing three key indicators. Peterson cited historical trends, market seasonality, and the performance of the US dollar as factors that point to a strong Bitcoin rally during the holiday season. Dollar’s Weakening Momentum: The analyst noted that the US Dollar Index (DXY) is approaching a recent high and there is an 85% chance it will reverse soon. Historically, a declining dollar has an inverse relationship with Bitcoin, as declining global demand for the USD often pushes investors toward alternatives like cryptocurrencies. “A weaker dollar is often associated with stronger Bitcoin performance,” Peterson said. Bitcoin Seasonal Resistance: The analyst said that Bitcoin has historically performed positively in the last week of December. Data shows that Bitcoin tends to perform well from December 25 to January 2, with exceptions being both rare and mild. Peterson also noted that since 2015, Bitcoin has gained in November 100% of the time, and has also gained in December. This trend could see Bitcoin perform an average of 10% in December, pushing its price to $106,000 by the end of the year.
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#ReboundRally 🔥 Bitcoin has recently experienced a notable rebound following a pre-Christmas pullback. On December 24, Bitcoin's price surged by approximately 5.57%, trading around $98,540, signaling a potential recovery in the cryptocurrency market. Historically, Bitcoin has demonstrated an 80% probability of price increases in the week following Christmas, based on data from 2014 to 2023. This trend suggests a strong post-Christmas uptrend may be anticipated. Analysts project that Bitcoin could reach new highs by mid-January, with potential peaks ranging between $146,000 and $212,500, according to historical cycles. However, caution is advised due to Bitcoin's inherent volatility and the diminishing impact of cyclical patterns over time. It's important to note that the cryptocurrency market remains highly volatile, and while historical trends provide insights, they do not guarantee future performance. Investors should remain vigilant and consider market dynamics when making investment decisions. #BinanceNextWave #Write2Earn $BTC
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#ReboundRally 🔥 Bitcoin has recently exhibited a rebound, with its price rising above $96,000 after a period of stagnation following the post-election rally. This resurgence is partly attributed to the "Santa rally" phenomenon, where cryptocurrencies experience a year-end increase. Analysts are optimistic about Bitcoin's trajectory, suggesting it may reach new highs by mid-January, potentially peaking between $146,000 and $212,500, based on historical cycles. However, caution is advised due to inherent market volatility. #BinanceNextWave $BTC #Write2Earn
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