Another bullish week has come to an end.😀
It is expected that this trend will continue at least until the end of January 2025. Tensions are rising in the world, and the next year promises to be extremely challenging. The more global upheavals occur, the more actively cryptocurrency is likely to grow. However, it is important to remember that in this market we are playing against smarter and faster colleagues. For successful earnings, it is crucial to constantly assess risks. Currently, the market situation looks as follows:
✨$BTC Bitcoin (BTC):
It is forecasted that the price will reach 100,000 USDT already this year. However, major players are currently using the emotions of those willing to buy at this level for manipulation. This emotional game is likely to continue for about another month. After that, Bitcoin may reach the mark of 110,000 USDT, linger at this level, and transition into a bearish cycle.
$ETH Ethereum (ETH):
ETH will remain at current levels until summer. It is supported by a developed ecosystem of micro-projects, making the asset stable. The expected price range is from 3300 to 3600 USDT. Overall, this is a reliable asset with good support.
Cardano (ADA):
By March 2025, the price may rise to 1.8 USDT. However, if you bought ADA at levels around 0.4 USDT, it is worth starting to sell it in parts right now. The current growth of the asset is largely due to the hype in the news, which makes it vulnerable.
Solana (SOL), XRP, Binance Coin (BNB), Chainlink (LINK):
These altcoins will remain among the most stable in the market, able to withstand any upheavals.
Meme coins (Pepe, HMSTR, MEME, WAXP, and others):
Most meme coins, lacking a real foundation and supported solely by hype, are likely to disappear within a year. The main reasons are legal proceedings and a lack of fundamental value.
I wish everyone successful earnings on current market events. Remember: cold calculation and risk assessment are always more important than emotions!
