📊 Current Status: Price at $24.41, maintaining a bullish trend above EMA 50, EMA 100, and EMA 200. Strong upward momentum visible post-breakout above $22.
📈 Key Levels:
Resistance: $26, $28. Support: $22, $20.
⚠️ Trend Outlook: Bullish with potential for a breakout above $26 targeting $28–$30. Breakdown below $22 could lead to a retest of $20.
✅ Recommendation: Monitor $26 for breakout opportunities and $22 for dip-buying. Maintain bullish bias while above EMA 200.
💸The velocity of price movement is a critical factor in determining trend and structure. Over the last few days, the size and speed of Bitcoin's rally confirm a pivotal shift: Wave-x is complete, signaling the start of a 1-2 year bull market that could propel Bitcoin to $150,000 or more!
💸Wave-B Analysis: What Changed?💸
➡️Last week, the pattern forming for wave-b was unclear, leaving room for interpretation. However, this week provides clarity:
✨A Diametric pattern likely concluded wave-b.
✨Wave-c has now begun, confirming Bitcoin's strong momentum.
➡️Even if wave-b’s structure requires future revision, wave-a:3's velocity strongly indicates that Bitcoin is in a powerful uptrend.
💸Projections for 2025:💸
➡️The next major targets for Bitcoin are $130,000 to $160,000, potentially achievable by mid-to-late 2025.
➡️This trajectory aligns with the broader bull market trend, driven by increasing adoption, institutional interest, and halving cycles.
💸Why This Matters:💸
➡️Bitcoin, the "King of Cryptos", is once again proving its dominance in the market. Traders and investors should pay close attention to these waves and velocity trends as we approach new all-time highs.
🙅♂️Stay ahead of the trend—$150,000 is no longer just a dream, but a data-backed possibility.
AltsCap is breaking out on monthly timeframe.If the momentum continues then we might see it breaks out off the zone and go for price discovery mode.If this happens then it might be the official start of biggest ever bull run. Stay Patience !!!
• As anticipated, $BTC rebounded from the robust support zone of 93k-91k and attained the expected level of 99.5k.
• Currently, $BTC is trading within a critical area. The 99.5k and 101k-104k zones may serve as strong resistance levels, potentially leading to a short term retracement.
• We may anticipate a sustained upward movement once it surpasses 102k. However, if the market becomes volatile, we might see it return to the 93k-91k level.
The #XLM/USDT pair has been consolidating in what technical analysts call a bullish flag pattern on the 4-hour timeframe. World of Charts notes that this consolidation phase comes after a strong upward movement, creating the classic flag formation that often precedes continuation moves. The consolidation has been taking place in an orderly fashion, with price contained within parallel downward-sloping trendlines. This type of price action typically indicates a temporary pause in the uptrend rather than a reversal, according to the analysis shared by World of Charts.
We're anticipating selling pressure at this level, with further confirmation needed for a strong downtrend. A break below the trendline with significant momentum could lead us to our long-term target zone of $80,000-$82,000.
Let's observe how the market reacts and adjusts our strategy accordingly
Michael Saylor, CEO of MicroStrategy, now holds a staggering 446,400 #BTC valued at $41.51 billion. As one of the biggest whales in the crypto ocean, a single sell order from him could send shockwaves through the market. But fear not—Saylor remains rock-solid bullish, frequently expressing unwavering confidence in Bitcoin's future. In recent interviews, he hinted at locking up his$BTC holdings for the long haul.
The path to $250,000 per $BTC looks clearer than ever. Buckle up!
Times like these are why a lot of people praise the spot & "chill" mentality/approach.
#$BTC is still having a good Q4 so far and is simply giving back some of its post election gains.
Obviously, a lot of alts have done worse, but some have done better. It's why I also prefer to have my base portfolio consist of mostly #$BTC & #$ETH and have alts on the side.
If you've been trading this on leverage its likely you've taken a larger hit. If you're emotional about the loss, this is not the time to revenge trade it back. That's where a lot of people go bust during these corrections.
Generally you want to let the market calm down and form some kind of consolidation or range after which you can re-assess.
There will be plenty of opportunities out there, no need to make it all at this very moment.
✅ Today,#BTC fell below $96,000, building on Wednesday's market-wide selloff spurred by Federal Reserve Chairman disappointing investors with his comments on expectations for U.S. interest rate cuts next year 🇺🇸
Daily Digest:
🔸 Fake Satoshi Craig Wright was given a one-year suspended sentence for contempt of court 👮
🔸 Investors filed a lawsuit against several entities involved in the launch of the Hawk Tuah memecoin
🔸 10% of #ETH validators are signaling support for raising the gas limit which could result in up to 33% reduction in transaction fees 🪙
🔸 Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO
🔸 Senator Lummis says Bitcoin “will continue to grow, where the US Dollar will continue to decline in value"
🔸 Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin