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OPTIMISM
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CryptoSphereOfficial
--
Bullish
Binancians! 📣 Exciting news! 🚀 Binance will support the upcoming Optimism (OP) network upgrade & hard fork! 🔥 Details: Deposit and withdrawal of OP tokens will be temporarily suspended ⏰ Trading will not be affected 💰 The upgrade is expected to take place at 18:00 UTC 9-1-2025 📆 Stay tuned for further updates and follow Binance for the latest announcements! 📣 Happy trading! 🚀 #Binance #Optimism #op🔥🔥 #NetworkUpgrade #HardFork 💻
Binancians! 📣

Exciting news! 🚀 Binance will support the upcoming Optimism (OP) network upgrade & hard fork! 🔥

Details:

Deposit and withdrawal of OP tokens will be temporarily suspended ⏰
Trading will not be affected 💰
The upgrade is expected to take place at 18:00 UTC 9-1-2025 📆

Stay tuned for further updates and follow Binance for the latest announcements! 📣

Happy trading! 🚀

#Binance #Optimism #op🔥🔥 #NetworkUpgrade #HardFork 💻
PepeHejter:
🚀
The post Wall Street expects S&P 500 to remain strong in 2025 appeared first on Tokenist.Wall Street expects the S&P;P 500 will remain strong in 2025 - Tokenist After an excellent performance in 2024, Wall Street analysts expect the S&P 500 to continue its strong growth in 2025, but the forecasts of major financial institutions expect the benchmark index, which has posted two consecutive years of double-digit returns, to continue to grow, albeit at a slower pace - analysts agree that the S&P 500 index will reach 6,679 by the end of 2025, about 10% above current levels. percent higher. This forecast is roughly in line with the average annualized return of 10.23% since the index's inception in 1957. Goldman Sachs sets a conservative target of 6,500 (which would mean a 9% increase in stock price plus dividends), while Deutsche Bank and Yardeni Research take a more bullish view. Line_Break Two-thirds of financial advisers surveyed expect the index to rise 10%, but many investors warn of potential market volatility. This #optimism comes after the S&P 500 Index significantly beat initial forecasts for 2024 and more than 15% above the consensus forecast of 5,132 at the end of 2023. The index has risen more than 20 percent for two consecutive years, the first time this has happened since the 1990s. The positive outlook for 2025 is driven by several key economic factors. Corporate earnings are expected to grow by 11% in 2025 and 7% in 2026, with 5% earnings growth in line with nominal GDP projections. Economists expect real GDP growth of 2.5% and inflation to fall to 2.4%, creating favorable conditions for market expansion. In 2025, market dynamics are expected to change, with analysts forecasting a shift from mega-corporation leadership to greater market participation. Analysts forecast a shift from mega-corporation leadership to increased market participation. Join the Telegram group to keep up with the latest news. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #transscreen.ru #TokenEconomy #DigitalCurrency #MarketInsights

The post Wall Street expects S&P 500 to remain strong in 2025 appeared first on Tokenist.

Wall Street expects the S&P;P 500 will remain strong in 2025 - Tokenist

After an excellent performance in 2024, Wall Street analysts expect the S&P 500 to continue its strong growth in 2025, but the forecasts of major financial institutions expect the benchmark index, which has posted two consecutive years of double-digit returns, to continue to grow, albeit at a slower pace -
analysts agree that the S&P 500 index will reach 6,679 by the end of 2025, about 10% above current levels. percent higher. This forecast is roughly in line with the average annualized return of 10.23% since the index's inception in 1957.
Goldman Sachs sets a conservative target of 6,500 (which would mean a 9% increase in stock price plus dividends), while Deutsche Bank and Yardeni Research take a more bullish view. Line_Break Two-thirds of financial advisers surveyed expect the index to rise 10%, but many investors warn of potential market volatility. This #optimism comes after the S&P 500 Index significantly beat initial forecasts for 2024 and more than 15% above the consensus forecast of 5,132 at the end of 2023. The index has risen more than 20 percent for two consecutive years, the first time this has happened since the 1990s.
The positive outlook for 2025 is driven by several key economic factors. Corporate earnings are expected to grow by 11% in 2025 and 7% in 2026, with 5% earnings growth in line with nominal GDP projections. Economists expect real GDP growth of 2.5% and inflation to fall to 2.4%, creating favorable conditions for market expansion.
In 2025, market dynamics are expected to change, with analysts forecasting a shift from mega-corporation leadership to greater market participation. Analysts forecast a shift from mega-corporation leadership to increased market participation.

Join the Telegram group to keep up with the latest news.

Read us at: Compass Investments
#transscreen.ru #TokenEconomy #DigitalCurrency #MarketInsights
OPUSDT | 4 HOUR TIMEFRAME UPDATE💥🚀$OP {spot}(OPUSDT) #OPUSDT | 4 HOUR TIMEFRAME UPDATE One of the coins on my watchlist this week is #Optimism (OP). Here's the detailed analysis: 👇👇 ✅ Long Entry Zone: Look for confirmation to open a long position between $2.3585 and $2.2247. 🎯 Short-Term Targets: $2.5260 $2.6300 $2.6900 $2.7757 🎯 Mid-Term Targets: $2.8858 $3.1370 $3.4089 ❌ Invalidation Level: The setup becomes invalid if the price falls below $2.0250. 🚨🚨 👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸 Binance Square Family...❤️‍🔥❤️‍🔥 I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help. I appreciate your support!

OPUSDT | 4 HOUR TIMEFRAME UPDATE💥🚀

$OP

#OPUSDT | 4 HOUR TIMEFRAME UPDATE

One of the coins on my watchlist this week is #Optimism (OP). Here's the detailed analysis: 👇👇

✅ Long Entry Zone:

Look for confirmation to open a long position between $2.3585 and $2.2247.

🎯 Short-Term Targets:

$2.5260

$2.6300

$2.6900

$2.7757

🎯 Mid-Term Targets:

$2.8858

$3.1370

$3.4089

❌ Invalidation Level:

The setup becomes invalid if the price falls below $2.0250.

🚨🚨
👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸

Binance Square Family...❤️‍🔥❤️‍🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!
--
Bullish
$OP - update: My view remain the same since many days now!📈 Do you think it will play well? 👀 If yes, we are probably at the local bottom! #op #TradingMadeEasy #optimism
$OP - update:

My view remain the same since many days now!📈
Do you think it will play well? 👀
If yes, we are probably at the local bottom!

#op #TradingMadeEasy #optimism
Albeb:
market sedang menuju bearish kawan
THE END OF AN ERA: @Manta flipping L2 Giants @arbitrum_official and @Optimism 🚀 Welcome to @Manta ERA. Yes you heard it right. We all know that the Layer 2 Solutions has high competition yet @MantaNetwork's MantaPacific is one of the fastest growing Ethereum Layer2 solutions flipping L2 Giants#ARB and #OP ✅ @Manta MantaPacific flip Optimism and Arbitrum on Average Daily Transaction and Average Daily Unique New address. ✅ @Manta MantaPacific flips ALL #L2 to become the cheapest layer2 solution. ✅ @Manta is the First and largest Modular L2. It's also the First L2 that uses strategic MultiDa approach. (it saves users millions of gas fees every month) ✅ $MANTA Flips $OP and $ARB on the year over year growth in active address. ...... Ohh wait tell me what I forgot in the comments? 👀 I've said it before, and I'll say it again. @Manta is the only L2 making real changes. That's a wrap! If you find this helpful ➡️ Hit like 🖤 and repost it 🔁 ➡️ Bookmark it 🔖 Follow me @CillionaireMind for more crypto content. #MantaNetwork #Optimism #Arbitrum {spot}(MANTAUSDT) {spot}(ARBUSDT) {spot}(OPUSDT)
THE END OF AN ERA: @MantaNetwork flipping L2 Giants @Arbitrum Foundation and @Optimism 🚀

Welcome to @MantaNetwork ERA.

Yes you heard it right. We all know that the Layer 2 Solutions has high competition yet @MantaNetwork's MantaPacific is one of the fastest growing Ethereum Layer2 solutions flipping L2 Giants#ARB and #OP

@MantaNetwork MantaPacific flip Optimism and Arbitrum on Average Daily Transaction and Average Daily Unique New address.

@MantaNetwork MantaPacific flips ALL #L2 to become the cheapest layer2 solution.

@MantaNetwork is the First and largest Modular L2. It's also the First L2 that uses strategic MultiDa approach. (it saves users millions of gas fees every month)

$MANTA Flips $OP and $ARB on the year over year growth in active address.

...... Ohh wait tell me what I forgot in the comments? 👀

I've said it before, and I'll say it again. @MantaNetwork is the only L2 making real changes.

That's a wrap! If you find this helpful

➡️ Hit like 🖤 and repost it 🔁
➡️ Bookmark it 🔖

Follow me @CillionaireMind for more crypto content.

#MantaNetwork #Optimism #Arbitrum
--
Bullish
$OP - update: similar view Bullish above the yellow support zone! 📈 Set a stop loss; (neutrel zone). #op #Optimism
$OP - update: similar view

Bullish above the yellow support zone! 📈
Set a stop loss; (neutrel zone).

#op #Optimism
See original
$OP {future}(OPUSDT) - update: similar view Bulls above the yellow support zone! 📈 Set a stop-loss; (neutral zone). #op #Optimism
$OP
- update: similar view
Bulls above the yellow support zone! 📈
Set a stop-loss; (neutral zone).
#op #Optimism
BTC Elliott wave could hit $80k; brief keeps key idea intact underAccording to the attached analytical chart, bitcoin's price could reach $190,000 in the fifth wave, and this price target represents the peak for the major cryptocurrency in this cycle. This rise to $190,000 is similar to bitcoin's rise from $7,550 to a peak of $19,000 during the 2017 bull market. As for how bitcoin's price rise to $190,000 will play out, the chart shows that #bitcoin will first retreat to around $104,000, then rise to $123,000 before correcting its price back to $96,000. Once this correction is complete, bitcoin could begin to build a new Elliott wave chart that would eventually take the price to $190,000 in an impulsive wave 5. Meanwhile, the bitcoin price is expected to continue to rise in late October, just before Donald Trump's victory in the U. S. presidential election. completes the wave cycle that began in Since then, the bitcoin price has gained bullish momentum and continues to reach new highs. Amid growing #optimism that Donald Trump's administration will create a strategic bitcoin reserve bank, the major #cryptocurrency recently crossed the $107,000 mark. cryptocurrency analyst Justin Bennett believes that the bitcoin price will reach $125,000 by the end of the year. He predicted that the bitcoin price could reach $125,000 by the end of the year. The analyst said bitcoin is in "Santa Claus mode" and shows no signs of slowing down. Mr. Bennett noted that a pullback by the end of the year could be difficult, the crypto analyst added that a potential pullback is unlikely, especially given speculation that bitcoin will become a US reserve asset under Donald Trump. In line with this, Bennett said that he would not be surprised if the bitcoin price reaches $116,000 or even $125,000 by the end of December. The Titan of Crypto analyst noted that the bitcoin price continues to rise as the month ends. The analyst predicted that the main cryptocurrency could rise to $158,000, and his accompanying chart suggests that this will happen next year. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #transscreen.ru #CryptoAdoption

BTC Elliott wave could hit $80k; brief keeps key idea intact under

According to the attached analytical chart, bitcoin's price could reach $190,000 in the fifth wave, and this price target represents the peak for the major cryptocurrency in this cycle. This rise to $190,000 is similar to bitcoin's rise from $7,550 to a peak of $19,000 during the 2017 bull market.

As for how bitcoin's price rise to $190,000 will play out, the chart shows that #bitcoin will first retreat to around $104,000, then rise to $123,000 before correcting its price back to $96,000. Once this correction is complete, bitcoin could begin to build a new Elliott wave chart that would eventually take the price to $190,000 in an impulsive wave 5.
Meanwhile, the bitcoin price is expected to continue to rise in late October, just before Donald Trump's victory in the U. S. presidential election. completes the wave cycle that began in Since then, the bitcoin price has gained bullish momentum and continues to reach new highs. Amid growing #optimism that Donald Trump's administration will create a strategic bitcoin reserve bank, the major #cryptocurrency recently crossed the $107,000 mark.
cryptocurrency analyst Justin Bennett believes that the bitcoin price will reach $125,000 by the end of the year. He predicted that the bitcoin price could reach $125,000 by the end of the year. The analyst said bitcoin is in "Santa Claus mode" and shows no signs of slowing down. Mr. Bennett noted that a pullback by the end of the year could be difficult,
the crypto analyst added that a potential pullback is unlikely, especially given speculation that bitcoin will become a US reserve asset under Donald Trump. In line with this, Bennett said that he would not be surprised if the bitcoin price reaches $116,000 or even $125,000 by the end of December.
The Titan of Crypto analyst noted that the bitcoin price continues to rise as the month ends. The analyst predicted that the main cryptocurrency could rise to $158,000, and his accompanying chart suggests that this will happen next year.
Read us at: Compass Investments
#transscreen.ru #CryptoAdoption
--
Bullish
#OPUSDT | 4 HOUR TIMEFRAME UPDATE One of the coins on my watchlist this week is #Optimism (#OP ). Here's the detailed analysis: 👇👇 ✅ Long Entry Zone: Look for confirmation to open a long position between $2.3585 and $2.2247. 🎯 Short-Term Targets: $2.5260 $2.6300 $2.6900 $2.7757 🎯 Mid-Term Targets: $2.8858 $3.1370 $3.4089 ❌ Invalidation Level: The setup becomes invalid if the price falls below $2.0250. $OP {future}(OPUSDT)
#OPUSDT | 4 HOUR TIMEFRAME UPDATE

One of the coins on my watchlist this week is #Optimism (#OP ). Here's the detailed analysis: 👇👇

✅ Long Entry Zone:

Look for confirmation to open a long position between $2.3585 and $2.2247.

🎯 Short-Term Targets:

$2.5260

$2.6300

$2.6900

$2.7757

🎯 Mid-Term Targets:

$2.8858

$3.1370

$3.4089

❌ Invalidation Level:

The setup becomes invalid if the price falls below $2.0250.

$OP
$OP - update: Neutral zone, but holding above supports. I'm bullish above the yellow support! #op #optimism
$OP - update:

Neutral zone, but holding above supports.
I'm bullish above the yellow support!

#op #optimism
See original
#Optimism What is Optimism? OP is the governance token of the Optimism ecosystem, a Layer 2 scaling solution on the Ethereum blockchain. Optimism uses Optimistic Rollup technology to reduce transaction fees and improve processing speed on Ethereum while maintaining the security and decentralization of Layer 1 Ethereum. Total supply and allocation: Total maximum supply: 4,294,967,296 OP. Allocation: 25% Ecosystem fund to support development projects on Optimism. 20% Retroactive community funding (RetroPGF). 19% Airdrop for users. 19% for core contributors. 17% for early investors (Sugar Xaddies). OP has an inflation rate of 2% per year after the initial total supply is fully allocated. Utility of OP Token: OP is used for governance purposes in the Optimism ecosystem, such as: Voting on protocol updates and fund allocation. Funding development projects on Optimism. Price prediction in the medium and long term: Short - Medium term: With the strong growth of Layer 2 and increasing adoption from DeFi projects on Optimism, OP is likely to continue to recover and fluctuate in the range of 3 - 4 USD, depending on the general fluctuations of the cryptocurrency market. Long term: If Ethereum continues to expand and Rollups like Optimism are widely adopted, OP could reach a price of 5 - 10 USD. However, this depends on macro market conditions and competition from other Layer 2 solutions like Arbitrum. {spot}(OPUSDT)
#Optimism

What is Optimism?
OP is the governance token of the Optimism ecosystem, a Layer 2 scaling solution on the Ethereum blockchain. Optimism uses Optimistic Rollup technology to reduce transaction fees and improve processing speed on Ethereum while maintaining the security and decentralization of Layer 1 Ethereum.

Total supply and allocation:

Total maximum supply: 4,294,967,296 OP.

Allocation:

25% Ecosystem fund to support development projects on Optimism.

20% Retroactive community funding (RetroPGF).

19% Airdrop for users.

19% for core contributors.

17% for early investors (Sugar Xaddies).
OP has an inflation rate of 2% per year after the initial total supply is fully allocated.

Utility of OP Token:
OP is used for governance purposes in the Optimism ecosystem, such as:

Voting on protocol updates and fund allocation.

Funding development projects on Optimism.

Price prediction in the medium and long term:

Short - Medium term: With the strong growth of Layer 2 and increasing adoption from DeFi projects on Optimism, OP is likely to continue to recover and fluctuate in the range of 3 - 4 USD, depending on the general fluctuations of the cryptocurrency market.

Long term: If Ethereum continues to expand and Rollups like Optimism are widely adopted, OP could reach a price of 5 - 10 USD. However, this depends on macro market conditions and competition from other Layer 2 solutions like Arbitrum.
In the past week, more money came into Optimism (OP) on blockchain networks than went out, with a total of $143 million flowing in. #optimism $OP
In the past week, more money came into Optimism (OP) on blockchain networks than went out, with a total of $143 million flowing in.
#optimism $OP
--
Bullish
See original
Important news 1.Coinbase: The tokens listed on it are not securities; 2. South Korea’s virtual asset tax plan will be launched in January 2025; 3. The floor price of PudgyPenguins hit 16.99 ETH, a record high; 4. The U.S. Senate Banking Committee will discuss legislation targeting cryptocurrency money laundering; 5. The EU temporarily agreed to adopt strict cryptocurrency due diligence measures to combat money laundering; 6.Franklin Templeton: Ordinals and L2 of the Bitcoin ecosystem should not be ignored; 7. After the US spot ETF was approved, the four major European Bitcoin ETPs experienced an outflow of approximately US$106 million; 8. Optimism will introduce a governance system in Season 5 and establish an Optimism Security Committee; 9. Vitalik: For something to qualify as L2, it must have stronger security properties than multi-sig. #optimism #L2 #BTC
Important news

1.Coinbase: The tokens listed on it are not securities;
2. South Korea’s virtual asset tax plan will be launched in January 2025;
3. The floor price of PudgyPenguins hit 16.99 ETH, a record high;
4. The U.S. Senate Banking Committee will discuss legislation targeting cryptocurrency money laundering;
5. The EU temporarily agreed to adopt strict cryptocurrency due diligence measures to combat money laundering;
6.Franklin Templeton: Ordinals and L2 of the Bitcoin ecosystem should not be ignored;
7. After the US spot ETF was approved, the four major European Bitcoin ETPs experienced an outflow of approximately US$106 million;
8. Optimism will introduce a governance system in Season 5 and establish an Optimism Security Committee;
9. Vitalik: For something to qualify as L2, it must have stronger security properties than multi-sig.

#optimism #L2 #BTC
See original
📊|One article to understand the op 🔻#optimism is a Layer 2 expansion solution that solves the congestion problem of Ethereum and retains the security and compatibility of the Ethereum main network. Optimism uses Optimistic Rollups technology to make verification faster and reduce Gas costs. According to L2BEAT data, Optimism currently has the second largest TVL in Layer 2, second only to Arbitrum in Layer 2 📌op’s design philosophy: 1️⃣Simplicity: Optimism aims to make the feature set it provides as simple as possible. A simple protocol means less code to write and therefore fewer potential bugs. 2️⃣Practicality: The design process behind Optimism is ultimately driven by practicality. Furthermore, Optimism’s design philosophy prioritizes the needs of users and developers rather than theoretical perfection. 3️⃣Sustainability: Optimism’s design process is built around the idea of ​​long-term sustainability, a scalable system is meaningless without the ecosystem that sustains it. 📌OP operating principle: ☑️It’s basically just a fancy way of describing a blockchain that relies on the security of another “parent” blockchain. ☑️Block Storage All Optimism blocks are stored in a special smart contract on Ethereum called CTC. Optimism blocks are kept in an append-only list within the CTC. This append-only list forms the Optimism blockchain. ☑️Optimism block production is primarily managed by a single party, called the sequencer, which helps the network by providing the following services: providing instant transaction confirmations and status updates, building and executing L2 blocks, and submitting user transactions to L1. #热门话题 #OP
📊|One article to understand the op

🔻#optimism is a Layer 2 expansion solution that solves the congestion problem of Ethereum and retains the security and compatibility of the Ethereum main network. Optimism uses Optimistic Rollups technology to make verification faster and reduce Gas costs. According to L2BEAT data, Optimism currently has the second largest TVL in Layer 2, second only to Arbitrum in Layer 2

📌op’s design philosophy:
1️⃣Simplicity: Optimism aims to make the feature set it provides as simple as possible. A simple protocol means less code to write and therefore fewer potential bugs.

2️⃣Practicality: The design process behind Optimism is ultimately driven by practicality. Furthermore, Optimism’s design philosophy prioritizes the needs of users and developers rather than theoretical perfection.

3️⃣Sustainability: Optimism’s design process is built around the idea of ​​long-term sustainability, a scalable system is meaningless without the ecosystem that sustains it.

📌OP operating principle:
☑️It’s basically just a fancy way of describing a blockchain that relies on the security of another “parent” blockchain.

☑️Block Storage All Optimism blocks are stored in a special smart contract on Ethereum called CTC. Optimism blocks are kept in an append-only list within the CTC. This append-only list forms the Optimism blockchain.

☑️Optimism block production is primarily managed by a single party, called the sequencer, which helps the network by providing the following services: providing instant transaction confirmations and status updates, building and executing L2 blocks, and submitting user transactions to L1.
#热门话题 #OP
See original
1.VELO: The DEX leader on the OP chain, using the VE33 model liquidity incentive; 2.GRAIL: The DEX leader on the ARB chain, the largest new platform; 3. JOE: The leading DEX on the AVAX and ARB chains engages in bribery based on price ranges; 4.ORCA: As the head DEX on the SOL chain, the SOL chain still has a strong consensus in Europe and the United States; 5.MCB: MUX, the contract platform aggregator on the ARB chain; 6. GNS: synthetic asset derivatives DEX, including encryption, foreign exchange, stocks and other categories; 7.LYRA: European options platform on OP and ARB chains; 8.RDNT: The leader in cross-chain lending on ARB, the economic model has a Ponzi effect; 9.GMD: GLP’s Delta neutral mining machine gun pool; 10.PENDLE: The interest rate derivatives track is in its early stages, liberating future cash flow; 11.SSV: decentralized staking infrastructure, recognized by the ETH Foundation; 12. SD: Multi-chain liquidity staking protocol; 13.UNIBOT: The leading telegram trading robot, with rapid user growth #ETH #optimism #ARB
1.VELO: The DEX leader on the OP chain, using the VE33 model liquidity incentive;
2.GRAIL: The DEX leader on the ARB chain, the largest new platform;
3. JOE: The leading DEX on the AVAX and ARB chains engages in bribery based on price ranges;
4.ORCA: As the head DEX on the SOL chain, the SOL chain still has a strong consensus in Europe and the United States;
5.MCB: MUX, the contract platform aggregator on the ARB chain;
6. GNS: synthetic asset derivatives DEX, including encryption, foreign exchange, stocks and other categories;
7.LYRA: European options platform on OP and ARB chains;
8.RDNT: The leader in cross-chain lending on ARB, the economic model has a Ponzi effect;
9.GMD: GLP’s Delta neutral mining machine gun pool;
10.PENDLE: The interest rate derivatives track is in its early stages, liberating future cash flow;
11.SSV: decentralized staking infrastructure, recognized by the ETH Foundation;
12. SD: Multi-chain liquidity staking protocol;
13.UNIBOT: The leading telegram trading robot, with rapid user growth #ETH #optimism #ARB
The Optimism Collective issued a statement stating that Optimism will introduce a governance system in Season 5. Collective will launch Citizens’ House and will conduct the first round of Joint-House voting. #optimism #OptimismTrading #DAO
The Optimism Collective issued a statement stating that Optimism will introduce a governance system in Season 5. Collective will launch Citizens’ House and will conduct the first round of Joint-House voting.

#optimism #OptimismTrading #DAO
Bitcoin undergoes significant trend change; analysts forecast similarity to 2017 surge. <99 chars>A high-ranking cryptocurrency strategist believes bitcoin (BTC) is poised to witness a third parabolic jump in this cycle. In a new video, analyst Kevin Swenson told 78,700 YouTube subscribers that #bitcoin appears to be repeating the price movements of 2017, when #BTC experienced three parabolic markets before the bull market ended. There were several phases of parabolic trending in 2017: short-term parabolic trends transitioned into larger trends, and then back into larger trends. Finally, there was a major vertical breakout. Now, in 2024, we are in the same position. There's no reason why we shouldn't be in that position. We just need to regain a sense of #optimism and build momentum. Swenson says technical indicators suggest that BTC's momentum is starting to shift to the bulls. Looking at the Bitcoin Relative Strength Index (RSI), an indicator of momentum, Swenson says the indicator has found support at the level where BTC began its second parabolic phase of this cycle. In other words, this could be a continuation of the trend. Swenson also says that the divergence in bitcoin's trend indicator, the moving average convergence (MACD), suggests that the BTC bulls are regaining control of the market. If this is true, then when the weekly MACD histogram reverses, prices usually rise at a phenomenal rate. Read us at: [Compass Investments](https://www.binance.com/ru/feed/profile/compass_investments) #DigitalCurrency #BlockchainFuture

Bitcoin undergoes significant trend change; analysts forecast similarity to 2017 surge. <99 chars>

A high-ranking cryptocurrency strategist believes bitcoin (BTC) is poised to witness a third parabolic jump in this cycle.

In a new video, analyst Kevin Swenson told 78,700 YouTube subscribers that #bitcoin appears to be repeating the price movements of 2017, when #BTC experienced three parabolic markets before the bull market ended.
There were several phases of parabolic trending in 2017: short-term parabolic trends transitioned into larger trends, and then back into larger trends. Finally, there was a major vertical breakout.
Now, in 2024, we are in the same position. There's no reason why we shouldn't be in that position. We just need to regain a sense of #optimism and build momentum.
Swenson says technical indicators suggest that BTC's momentum is starting to shift to the bulls. Looking at the Bitcoin Relative Strength Index (RSI), an indicator of momentum, Swenson says the indicator has found support at the level where BTC began its second parabolic phase of this cycle.
In other words, this could be a continuation of the trend. Swenson also says that the divergence in bitcoin's trend indicator, the moving average convergence (MACD), suggests that the BTC bulls are regaining control of the market. If this is true, then when the weekly MACD histogram reverses, prices usually rise at a phenomenal rate.
Read us at: Compass Investments
#DigitalCurrency #BlockchainFuture
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