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Samim Akhtar Najiya
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OKG Research reports that just 0.01% of global listed companies currently hold Bitcoin, with an estimated $2.28tr in potential inflows over the next year.
This influx could drive Bitcoin's price to approximately $200,000, aligning with forecasts from Bernstein, BCA Research, and Standard Chartered Bank.
This influx could drive Bitcoin's price to approximately $200,000, aligning with forecasts from Bernstein, BCA Research, and Standard Chartered Bank.
Bitcoin Bullets® Market Analysis
NOVEMBER 27th, 2024
➖➖➖➖➖
⚪️TECHNICAL (H2)
On the H2 timeframe, the price action of $BTC successfully retraced as anticipated below the specified level. 📉✅
Currently, it is gaining momentum and consolidating above its horizontal support level, forming a compression pattern. 📊
However, the price action is also developing a lower high formation, indicating a cautious upward move with potential bearish undertones if resistance levels hold. 🔄📉
⚪️WRAP-UP (VIP)
If the price action flips its upside resistance level into support, it could signal a further upward movement, potentially leading to a change in market structure. 📈🔄
This would indicate a shift from the current lower high formation to a more bullish trend, opening the door for sustained upward momentum. 🚀
$BTC DAILY RANGE:
📈Upper Limit: $99,200
📉Lower Limit: $90,954
(+-9.47 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲94,335
🔴SHORT
💲92,556
$BTC
NOVEMBER 27th, 2024
➖➖➖➖➖
⚪️TECHNICAL (H2)
On the H2 timeframe, the price action of $BTC successfully retraced as anticipated below the specified level. 📉✅
Currently, it is gaining momentum and consolidating above its horizontal support level, forming a compression pattern. 📊
However, the price action is also developing a lower high formation, indicating a cautious upward move with potential bearish undertones if resistance levels hold. 🔄📉
⚪️WRAP-UP (VIP)
If the price action flips its upside resistance level into support, it could signal a further upward movement, potentially leading to a change in market structure. 📈🔄
This would indicate a shift from the current lower high formation to a more bullish trend, opening the door for sustained upward momentum. 🚀
$BTC DAILY RANGE:
📈Upper Limit: $99,200
📉Lower Limit: $90,954
(+-9.47 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲94,335
🔴SHORT
💲92,556
$BTC
#BOME/USDT ANALYSIS$BOME
BOME is consolidating within an ascending triangle pattern and is currently rebounding from its support trendline. The Ichimoku Cloud is providing strong support, indicating bullish momentum. A decisive breakout or breakdown is needed to confirm the next significant move.
BOME is consolidating within an ascending triangle pattern and is currently rebounding from its support trendline. The Ichimoku Cloud is providing strong support, indicating bullish momentum. A decisive breakout or breakdown is needed to confirm the next significant move.
#BTC/USDT ANALYSIS$BTC
Bitcoin has broken out of the ascending triangle pattern with significant volume and is now retracing for a potential retest above the breakout level.
The Ichimoku Cloud is also indicating bullish strength, supporting the upward momentum. A successful retest at this level could confirm the breakout and trigger a strong bullish rally in the market.
Bitcoin has broken out of the ascending triangle pattern with significant volume and is now retracing for a potential retest above the breakout level.
The Ichimoku Cloud is also indicating bullish strength, supporting the upward momentum. A successful retest at this level could confirm the breakout and trigger a strong bullish rally in the market.
🚨🚨🚨 NEW : Tether💰 Discontinues $EURT, Citing Regulatory Climate In EU.
🔥Breaking news: #Pantera Bitcoin💰 fund has achieved a 1000x return with an impressive lifetime return of 131,165%.
⚡ JUST IN: Binance💰 founder CZ calls #memecoins “a little weird,” urging focus on real blockchain applications.
🚨🚨 Unusual Exchange Inflows 5,093.40 #BTC ($471,554,585) aggregated inflows to derivative exchanges in an hour
⚡️MARA CEO: We are going to see essentially institutions just waiting to buy up #Bitcoin 💰. Anybody who is selling is selling into a market with ample demand.
Woo🚀🤑
⚡️JUST IN : Binance💰 Futures set to launch USDⓈ-Margined $WHY and $CHEEMS Perpetual Contracts on Nov 25, 2024.
Never gets old.
The money flow in #Crypto is changing.
#ENJ/USDT ANALYSIS$ENJ
ENJ is currently consolidating within a falling wedge pattern, rebounding from the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action. A decisive breakout from both the wedge and the cloud could signal the start of a bullish rally.
ENJ is currently consolidating within a falling wedge pattern, rebounding from the support trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action. A decisive breakout from both the wedge and the cloud could signal the start of a bullish rally.
#MANA/USDT ANALYSIS$MANA
MANA has broken out of the descending triangle pattern with significant volume. Both the 21MA and 50MA are indicating bullish momentum, suggesting that a strong rally may be on the horizon.
MANA has broken out of the descending triangle pattern with significant volume. Both the 21MA and 50MA are indicating bullish momentum, suggesting that a strong rally may be on the horizon.