Well, we're almost at 100K for Bitcoin 🚀! The maximum reached the mark of 99,401, and the price is following the script outlined in previous reviews.
📊 Key indicators:
• Market capitalization: $3.3 trillion • BTC dominance: 60.62% • Fear and greed index: 94 (extreme greed).
Yesterday, a small correction in BTC dominance gave altcoins room to grow, but it's too early to talk about a full-fledged altseason.
Current strategy: I’m holding the position until 100K, and then I will closely monitor the market's reaction. Short-term BTC corrections continue to be bought back instantly, and the question of breaking the psychological level of 100,000 remains open.
What will happen with the alts? So far, we only see local growth, but a serious altseason is possible after BTC dominance stabilizes.
U.S. indices closed in the positive yesterday: • Dow Jones: +1.06% • S&P500: +0.53% • NASDAQ: +0.04% • Dollar index: +0.38% to 107.02.
⚡️Bitcoin has first surpassed the mark of $98,000
Trump's team is discussing the possibility of creating a new position,
⚡️Bitcoin has first surpassed the mark of $98,000
Trump's team is discussing the possibility of creating a new position, while industry representatives insist that the person in this role should have direct access to the elected president, who is now one of the biggest supporters of cryptocurrencies. These discussions have become another trigger for positive sentiment in the digital asset market in the USA, along with plans by MicroStrategy Inc to accelerate token purchases and the launch of options on Bitcoin ETFs. The cryptocurrency market has consolidated an increase of about $900 billion since Trump's victory in the elections on November 5. Speculators are increasingly focused on whether Bitcoin will reach the $100,000 mark. Proponents of its alleged role as a modern means of savings view the six-figure level as a symbolic rebuttal to skeptics who see little benefit in cryptocurrencies and condemn their ties to money laundering and criminal activity. MicroStrategy, the largest publicly traded corporate holder of bitcoins, announced on Wednesday that it plans to increase the issuance of convertible senior bonds by nearly 50% - to $2.6 billion - to finance Bitcoin purchases. Once a little-known software producer, it now positions itself as a Bitcoin reserve management company and has a stockpile of digital assets worth about $31 billion. Trump promised to create a supportive cryptocurrency regulatory structure in the USA and to form a strategic reserve of bitcoins.
Gary Gensler Steps Down as SEC Chairman: What's Next?
On January 20, 2025, Gary Gensler will complete his term as SEC Chairman.
In three years, he has implemented large-scale reforms in the financial sector, strengthened control over the crypto market, and returned billions of dollars to investors.
Now the question is: how will Gensler's resignation affect the future of the crypto industry?
Justin Sun spent $6.2 million in crypto for "Comedian" — a banana taped to the wall. This is a step towards bringing cryptocurrencies closer to art. Sun stated that this is a "cultural phenomenon" and a symbol of progress.
But let's be honest: who wouldn't want to buy a meme for millions if you have crypto?
Ether is showing a confident reaction from buyers, which makes us slightly revise the current plan.
At this stage, the potential for growth is visible at least to the level of 3470, and impulses to the region of 3600 are also possible.
However, this does not mean that the local correction scenario is completely excluded. The consolidation of the daily (or better yet, weekly) candle above the 3470 mark will be a key signal for revising the forecasts. In this case, the probability of a strong correction in the near future will significantly decrease.
Thus, at the moment, Ether has the potential to grow to 3470-3600, but it is too early to talk about further movement above this range, since the probability of correction at current levels remains
Bitcoin recently updated its historical maximum, reaching the mark of $93,200. However, the current market situation shows signs of weakening buyer activity, which may indicate a potential local correction.
Key observations:
Probability of a pullback: There is a lack of momentum from buyers, which increases the likelihood of a decline in the near future. Area of interest: Attention should be paid to the range of $83,000–$85,000, where more favorable entry points for long positions in Bitcoin and altcoins may appear. Risks at high levels: A rise to $95,000 is possible, but likely, a decline will follow that level. Participating in the current upward movement may not justify the risk.
Considering the current situation, I decided to revise my expectations. Instead of chasing a small rise above $93,000, I would prefer to wait for a correction and look for long entries only after the pullback. This will provide a more reliable potential for further growth.
❕MacBook with Intel at risk: CZ recommends updating
Vulnerabilities discovered in macOS allow hackers to compromise systems with Intel processors. Changpeng Zhao (CZ) advised owners of such devices to urgently update their systems in his post.
Bitcoin has risen above $94,000 for the first time
The price of Bitcoin reached a record high, exceeding $94,000
Bitcoin has risen above $94,000 for the first time
The price of Bitcoin reached a record high, exceeding $94,000, after it became known that Donald Trump's social network is negotiating the purchase of cryptocurrency trading company Bakkt. This heightened expectations for a more favorable attitude towards cryptocurrencies should Trump come to power. Financial Times reported that Trump Media and Technology Group, which operates the Truth Social network, is close to acquiring all shares of Bakkt, which is supported by the owner of the New York Stock Exchange, Intercontinental Exchange. Following the U.S. elections on November 5, cryptocurrencies sharply increased in price, as traders hope that the promised support for digital assets from the elected president will lead to less restrictive regulatory policies. Options on the BlackRock spot Bitcoin ETF on Nasdaq had a strong debut. According to QCP Capital, on Tuesday, the call-to-put options ratio was 4.4:1. In early Asian trading the next day, it remained at this level. According to CoinGecko, growing interest led to the value of the global cryptocurrency market exceeding $3 trillion, reaching a record high. Since Trump's election victory, Bitcoin exchange-traded products in the U.S. have attracted about $4.2 billion, which is about 15% of the total inflow since the launch of products on U.S. exchanges in January.
Kennedy proposed a bold idea: to transfer the entire US federal budget to blockchain for transparency. He also believes that bitcoin could become a strategic reserve stabilizing the economy.
Already the third attempt to break the level on BTC
The chances of breaking the area of 92-93K$ are noticeably increasing. Bitcoin does not give up on trying to break the level to continue moving upwards.
If you want to short this - I recommend not doing it.
On the hourly chart, BTC has confirmed a breakout from the triangle, which increases the chances of further growth.
In the near term, I expect movement to at least the 93,200 area, and after that, the market will likely be directed towards levels around 97,000.
In the current situation with shorts, it's better to be cautious. Personally, I would consider them only after a new historical maximum is reached, and even then solely as a tool for hedging long positions.
The situation with the coin is quite optimistic: consolidation above the trend line opens up prospects for further upward movement.
In the near future, we can expect the beginning of a full-fledged upward trend. One of the key targets will be an attempt to reach a new global maximum around 0.03680.
The optimal zone for entry appears to be the mark of 0.006530, however, there is a possibility that the growth may start from current levels as well. Personally, I would keep this possibility in mind.
📈 BlackRock IBIT raised nearly $90 million in a day
Yesterday, BlackRock IBIT recorded a net inflow of $89.99 million. Experts note that such investment volumes may be a signal of confidence in the company's strategy and the future prospects of the crypto market.