Why are cryptocurrencies up today? Santa rally narrative picks up pace. . Bitcoin (BTC) and the overall cryptocurrency market rose by 5% on Tuesday as major assets are attempting to recover from the significant declines experienced last week. Altcoins have become the main focus of this market uptrend, suggesting that investor optimism may be driving the 'Santa rally.' . The general crypto market is experiencing a rally on Christmas Eve, recovering from the recent market drawdown last week. Top assets, including Bitcoin, Ethereum, Solana, XRP and Dogecoin, experienced a rebound fueled by increased buy-side pressure among holiday traders.
This shows that the market could be witnessing a 'Santa rally,' an event where cryptocurrencies rise during the final five trading sessions of a year through to the first two of January. Recent price actions on Tuesday suggest holiday traders are buying into the narrative.
Another reason for the price recovery could be expectations of the crypto market picking up its uptrend after the holidays come to a close.
This expectation may be tied to Donald Trump's inauguration as President of the US on January 20, which crypto market participants anticipate will lead to a massive rally.
Additionally, Ethereum exchange-traded funds (ETFs) witnessed inflows of $130.8 million on Monday despite Bitcoin ETFs posting $226.5 million in outflows, per Coinglass data. The huge contrast between these products shows investors are shifting attention toward altcoins this season.
This is evidenced in the double-digit gains seen across several altcoins, including Pudgy Penguins (PENGU), Hedera (HBAR), JasmyCoin (JASMY), Stellar (XLM), etc. #ReboundRally $BTC
Bitcoin Hits Key Support – Can It Bounce Back or Is the Selloff Just Beginning? . *Bitcoin hits a new record high but faces a sharp pullback after Fed's hawkish stance.
*A key support level breakdown puts Bitcoin at risk of further declines.
*The $92,800 to $95,500 range is crucial for Bitcoin’s potential rebound.
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Bitcoin began the week with optimism, reaching a new record high near $108,000, buoyed by positive statements from U.S. President Trump about the crypto's potential as a reserve asset. However, the mood quickly soured midweek as the Federal Reserve’s hawkish stance triggered a significant pullback in the cryptocurrency market, and Bitcoin's momentum stalled.
As traders awaited the Fed’s decision, the market had priced in a 25-basis-point rate cut, but uncertainty lingered over Jerome Powell’s speech, which ultimately revealed a more hawkish outlook.
Powell’s remarks, particularly his warning about future interest rate cuts and a rise in inflation forecasts, sent shockwaves through risk on assets, triggering a sell-off. His negative comments on Bitcoin also contributed to the decline, with investors fleeing to safer assets. #MarketRebound $BTC $ETH
When a company wants to sell a product, it must first consider the market (or marketplace) where similar products are sold. A market analysis examines factors like market size, competitors, pricing, and customers. It includes both quantitative data, such as the actual size of the market you want to serve and prices consumers are willing to pay, and qualitative data, such as consumers’ values, desires, and buying motives.
In researching this topic, you may come across terms with similar meanings, including market research and marketing analytics. Here are some important distinctions:
Market research is the process of gathering information about a target market, including its customers’ needs and behaviors, in order to market products more effectively.
Marketing analytics is the process of studying the metrics of specific marketing efforts, such as landing page sign-ups and social media engagement, in order to increase return on investment.
Benefits of a market analysis Conducting a market analysis can benefit you in several ways by helping you to:
Spot trends and opportunities in your industry
Differentiate your business from competitors
Reduce the risks and costs of launching a new business (or pivoting an existing one)
Tailor products and services to your target customers’ needs
Binance is one of the leading cryptocurrency platforms, allowing users to trade, hold, and manage digital assets. If you're ready to turn your crypto into cash, follow this simple step-by-step guide to withdraw funds directly to your bank account. --- Step 1: Complete KYC Verification To ensure your account meets security and regulatory requirements, Binance requires you to verify your identity. 1. Log in to your Binance account. 2. Click your profile icon (top-right corner) and choose "Identifi
#ChristmasMarketAnalysis Viewpoint: Analysts are generally optimistic about the Christmas market, and Ethereum is expected to reach $5,000 at the beginning of next year.. . Analyst: Bitcoin fluctuated greatly during the Christmas holidays in the past, but the overall ups and downs were small.. . According to Tech Flow, on-chain analyst Aunt Ai analyzed the performance of Bitcoin during the Christmas and New Year holidays in the past five years. The amplitude was large during the period from December 20 to January 6, but except for 2020, the ups and downs were all within 10%. . In 80% of the years, the currency price performed well in the two months after the holidays. If the bottom-picking period is narrowed to one week after New Year's Day, the possibility of profit is 60%. . Looking at the performance of the Nasdaq index in the past five years, there were large fluctuations during the Christmas period but the overall rise and fall was small. After the holiday, the US stock market had little impact on Bitcoin. . In summary, although the inflow and outflow of BTC ETFs affect the bull market, the Nasdaq index did not fall significantly during and after Christmas, and had little impact on cryptocurrencies. Bitcoin's performance is contrary to the "Christmas robbery" hypothesis. $BTC $ETH $SOL
Bitcoin (BTC) Price Prediction For Today, Tomorrow and Next 30 Days Price Change December 22, 2024 99723.38 2.28% December 23, 2024 102585.67 5.21% December 24, 2024 105433.62 8.13% December 25, 2024 106532.11 9.26% December 26, 2024 107623.81 10.38% December 27, 2024 108305.04 11.08% December 28, 2024 108956.89 11.75% December 29, 2024 108433.72 11.21% December 30, 2024 107920.09 10.68% December 31, 2024 107690.46 10.45% January 01, 2025 107532.92 10.29% January 02, 2025 109076.55 11.87% January 03, 2025 110612.09 13.44% January 04, 2025 111989.83 14.86% January 05, 2025 113313.55 16.21% January 06, 2025 113742.03 16.65% January 07, 2025 114199.02 17.12% January 08, 2025 115065.80 18.01% January 09, 2025 115990.07 18.96% January 10, 2025 117642.40 20.65% January 11, 2025 118975.90 22.02% January 12, 2025 116706.55 19.69% January 13, 2025 114573.07 17.51% January 14, 2025 113823.06 16.74% January 15, 2025 113133.94 16.03% January 16, 2025 113008.12 15.9% January 17, 2025 113014.64 15.91% January 18, 2025 114141.05 17.06% January 19, 2025 115080.96 18.03% January 20, 2025 114568.91 17.5%
What Does a Pullback Tell You? . A pullback is similar to a retracement or consolidation, and the terms are sometimes used interchangeably. The term pullback is usually applied to short-lived price declines—only a few consecutive sessions—before the uptrend resumes. . Pullbacks are widely seen as buying opportunities if the stock has been showing a generally upwardly priced movement.
For example, many stocks experience a significant increase after a positive earnings announcement, followed by a sharp pullback as traders sell shares to take profits. Others step in to buy, seeing the positive earnings as a fundamental signal that the stock will resume its uptrend. . Most pullbacks end when the stock's price drops to a level of technical support, such as a moving average, pivot point, or Fibonacci retracement level. Traders carefully watch these movements, because a breakdown from the support levels could signal a reversal rather than a pullback. $BNB $ETH
Don’t Sell Yet! Investor Reveals the Perfect Time to Take Profit on Top Altcoins Ripple ... . Solana (SOL): A DeFi and NFT Titan Priced at $226.59 with a 24-hour trading volume of $3.65 billion as of writing, Solana remains a major participant in the blockchain scene. . Even though its last 24-hour growth was only modest at 0.27%, SOL’s strong ecology and ongoing developments ensure that institutional and individual investors remain vigilant. . Solana’s network scalability and dominance in the NFT industry indicate that the coin has great space for expansion. Targeting $250 as a short-term profit point, experts advise aiming for $300 as a long-term mark. . Holding SOL until it crosses $300 might yield significant benefits, especially given the positive direction in which the larger market is headed. . Carefully timing your profit-taking on Solana (SOL), Ripple (XRP), and Rexas Finance (RXS) can either help you avoid losing money or ensure substantial profits. One can find ideal departure points by tracking important resistance points—$0.30 and $1 for RXS, $3 for XRP, and $3 for SOL. Examining market volume is similarly crucial since a jump in trading volume usually denotes excellent momentum, and a declining volume during a rally may point to an approaching correction. $SOL $XRP $BTC
BTC Update: 12 Days Left! We have 12 days left to maintain the narrative. If we continue to fall, it could mark the first time in a halving cycle that $BTC doesn’t close all three months of Q4 in green. . For the first time, we might see a red December and a red monthly close during a halving! . After a long Bullish Rally and Non-Stop Green Candles, finally BITCOIN formed Engulfing long RED Weekly candle.
What this entails, most $BTC holders right now FEAR - has this BULL RUN ended? Only time will tell, however year's about to close and people will be on vacations - indicating low volume tides and when this happens, BTC might experience pullback to atleast low 80K. . With Short term pullback in sight, don't get me wrong because long term BITCOIN is still bullish and 1-2 weeks into the new year 2025 you'll start seeing BITCOIN regaining momentum again - targeting 120K!
What are your predictions? Comment 'Signal' for more signals 🫡 Follow me DYOR $BTC $ETH #USUALBullRun #BTCNextMove
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A market correction is a drop in the value of a stock or market index of at least 10% from its recent peak. Corrections can be an opportunity to buy, but they can also be detrimental to savings in the short term. Here are some things to consider when deciding whether to buy or hold during a market correction.
Market correction as a reset point: A correction can be a chance for the market to rebalance itself and reset.
Buying value stocks: When buying value stocks during a correction, you can consider things like the company's goals, management team, and previous growth performance.
Diversified portfolio: A diversified portfolio of investments can help you weather market corrections.
Long-term strategy: Buying and holding stocks for the long term can be an effective strategy.
Short-term impact: Market swings can significantly impact retirement planning for savers who are in or near retirement.
Economic data, geopolitical events, and market volatility: These factors can influence investors' optimism about the market outlook and lead to corrections. $BTC $ETH #BinanceAlpha #BinanceSquareFamily
$1000CAT has made a dramatic move, skyrocketing 34.18% to its current price of $0.05257 after touching a high of $0.07089 and a low of $0.03918 in the last 24 hours. Following the parabolic rise, a retracement has set in, with the price finding temporary support near $0.04922. The RSI at 43.92 indicates neutral to slightly oversold conditions, suggesting the potential for a bounce. Trade Setup: Entry: $0.05257 Resistance: $0.06085 Support: $0.04922 #CryptoUsersHit18M $BNB
#CryptoUsersHit18M as I,have mentioned on my previous post that btc make little bit correction and then start bullrun again, this rally may continue till 22nd - 23rd December, as per historical data crypto market is in really bullish momentum, CryptoChan, an on-chain analyst, observed that the MVRV (market capitalization to realized value) indicator for short-term Bitcoin holders has climbed to a key area, highly similar to the performance before the bull market started at the end of 2020. This indicator has been verified multiple times in history as an important leading signal in the early stages of the bull market. . So now we will soon see btc at 120k-130k, after holding above 100k now crypto market gain buyers attraction, now crypto users reach at 18m, which is all time high, Btc capital reach at ath 2.14T dollars which make crypto stronger, now whales MicroStrategy Business intelligence firm and corporate bitcoin holder acquired an additional 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per bitcoin between Dec. 9 and Dec.15, according to an 8-K filing with the Securities and Exchange Commission on Monday. . Look at the average price of MicroStrategy so now BTC in strong bullish zone, but eth, sol, ltc, and meme coins still need for some pumping, also some other tokens link, ada, wif, wld and fet have lot of potential to makes you rich in just one night. . Another major coin XRP again gaining buyers intrest, their valume increase rapidly since monday, now xrp hold again 3rd place in crypto market so we will see xrp soon above 4-5 dollars. . Next post i will share some strong signals...
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