Over the next 2-3 weeks, Bitcoin might face its final dip before a major bull run kicks off. Despite the panic and forecasts of a decline to the low $40Ks, a bull market is still imminent. Here’s why you should stay calm:
🔸 Support Levels: Bitcoin’s key support is the 100-week EMA, historically a strong rebound point after bear markets. Currently around $45K, it has marked the end of downtrends in 2015 and 2019. Expect a bounce if we hit this level.
🔸 Technical Indicators: Fibonacci retracements and high-volume nodes suggest strong support between $43K and $49K. Even if we see a brief dip, it’s likely just a wick before a significant upward move.
🔸 Market Sentiment: September is historically weak for Bitcoin, but October, November, and December are typically bullish. Out of the last 10 years, 8 Octobers ended positively for Bitcoin.
🔸 Fed’s Role: The Federal Reserve’s anticipated rate cuts, starting soon, will inject liquidity into the market. This cycle, starting with a 70% chance of a 25bps cut, will boost risk-on assets like Bitcoin.
🔸 Recession Reality: We’ve been in a recession for over a year, but with the end of the tightening cycle approaching, expect a liquidity-driven rebound in risk assets.
💡 Final Thought: Fear is high, but why panic before the money printer turns on? Historically, the shift in sentiment post-rate cuts is swift. Protect your portfolio, stay patient, and be ready for the bullish trend ahead.
🚀 Stay Informed. Stay Calm. Get Ready for the Bull Run! 🚀
🚀 @dappOS_com #Surge Alert! 🚀
Hold onto your seats—DappOs is skyrocketing and the excitement is palpable! 📈 The upward momentum is undeniable, with potential to reach new heights in the coming days. Get ready for a thrilling ride as DappOs defies expectations and races towards unprecedented gains. 🌟
Now’s the time to buckle up and watch closely—this is your chance to catch the wave before it’s too late. Keep your eyes peeled for key breakout levels and don’t miss out on the next big move! 🌐
