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#btc Let's chat about Bitcoin. After experiencing four waves of false signals, the main upward trend is set to start! Using Hunter's five-wave analysis method, Bitcoin is actually following a classic 1️⃣h level main upward wave structure! As of today, all three key levels of the Bitcoin five-wave chart shared with friends on Thursday have been reached! This is the magic of the five-wave analysis method! After breaking through the last resistance level of 98526 and retesting, it is currently in consolidation. As long as it holds above the position of 98529, Hunter believes there is a high probability it can continue to test the next level, so keep an eye on 99950!
🪙 Bitcoin turns 16: How crypto coin went from zero to trillion-dollar asset explained
🎂 Bitcoin is now 16 years old. If we were to choose the best-performing asset of the past decade, there is no doubt that Bitcoin would rank first.
From being worthless to a market value of over $2 trillion, Bitcoin has grown extensively in the last 16 years, so much so that Bitcoin has been the best-performing asset class in the past 11 years, data shows-Satoshi Nakamoto, a name used by the creator (or creators) of Bitcoin, mined the first Bitcoin block on Jan. 3, 2009.
This “genesis” block followed the release of a Bitcoin whitepaper on October 31, 2008, which laid the foundation for the now-leading cryptocurrency.
🌟16 Years of Progress
Since its inception, Bitcoin has undergone remarkable transformations that define its growth and influence.
🌟Adoption in the Early Day
Initially, Bitcoin attracted mainly technology enthusiasts. A notable moment in 2010 saw the first real-world transaction when 10,000 BTC were traded for two pizzas. This event underscored Bitcoin’s early value and its potential as a medium of exchange.
🌟A Dramatic Rise in Market Value
Bitcoin’s market capitalization has expanded significantly. By late 2024, it exceeded $1.42 trillion, placing Bitcoin among the top ten financial assets globally. This growth reflects its increasing acceptance and its role as a significant investment option.
🌟Interest from Major Institutions
Large corporations and institutional investors have embraced Bitcoin in recent years. This shift has added to its legitimacy, attracting a broader range of investors who view Bitcoin as a reliable and innovative asset.
☝️ As Bitcoin marks its 16th year, it stands as a symbol of the changing financial landscape. From its modest beginnings as a decentralized peer-to-peer payment system to its current status as a major financial asset, Bitcoin has transformed the way people think about money and digital transactions.
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The latest price of Cardano (ADA) is approximately $1.0825 per coin, with a daily increase of 6.9%. In recent days of price fluctuations, ADA has experienced a consolidation trend, with prices fluctuating between $1.06 and $1.10.
Regarding the latest news on ADA, the Upbit trading platform has temporarily halted ADA deposits and withdrawals due to issues with the Cardano blockchain node.
There are various opinions in the market regarding the future price prediction for ADA; some analysts believe that by the end of 2025, the price of ADA could reach $1.43, while others predict that the price could reach even higher levels by 2025, with some forecasts suggesting it could reach $6.
When a coin starts to break upwards, if the turnover rate of the breakout candlestick is around 8%, this indicates a healthy attack volume. Such varieties often see good sustained increases. If the turnover rate is too high, it means too many retail investors are chasing the trend, which may lead to a pullback; if it's too low, the enthusiasm dissipates, and it becomes difficult to maintain a continuous rise. Act decisively in the direction of the trend. In trading, always remember to act decisively in the direction of the trend; the middle of the trend is the safest part. This is the essence of trading. Once a position is trapped, do not hold onto illusions; the only way to rescue yourself is to decisively cut losses. After cutting, you can still make profits later!
Prioritize small-cap varieties; specifically, those under 1 billion are preferred, and ideally under 500 million. This is beneficial for major operators; choose varieties that are vibrant, specifically those that have more bullish candlesticks and fewer bearish ones, and that like to rise. Too many upper and lower shadows are not good, and erratic movements are undesirable; Be prepared for trading. Every time you trade, you need to be prepared for battle. Conduct a risk assessment before the market opens, predict the trend direction, and create a trading plan. Avoid chasing prices and cutting losses, and do not hold onto losing positions.
Did you finish watching the analysis of DOGE this afternoon to avoid chasing the highs? Have you reduced your position and taken profits in the short term?
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⚠️ Warning about the possible “Grayscale effect” on Solana in 2025 🚨
☝️ Analyst warns that Solana (SOL) could face significant price pressure in 2025 due to the unlocking of shares from Grayscale Trust.
The past "Grayscale Effect" on Bitcoin caused severe corrections; similar risks may arise for SOL, with key dates in January and July.
Investors should remain vigilant and consider hedging or diversifying before the possible volatility of these events. The “Grayscale Effect” is based on past experiences with the Grayscale Bitcoin Trust (GBTC).
When Grayscale unlocks its shares, investors typically sell them to capitalize on the premium — the difference between the net asset value (NAV) of the underlying asset (Bitcoin or Solana) and the share price.
🤯 Historically, this has led to an increase in selling pressure, sharp price drops, and, in some cases, turbulence across the market. Lilly pointed out that a similar scenario unfolded in 2021 with GBTC.
When the premium vanished, the Bitcoin market peaked before a severe correction occurred, contributing to the collapse of companies like 3AC, Celsius, and Voyager.