$BTC Analysis 11/28/2024
#BTC, we are performing well here and although we have not reached $98K, we are currently holding at $94,800, and with just over 30 minutes to go until the current 4h candle closes, it still looks good here, and we can continue from here, without needing another touch on the 100 EMA (4H).
Institutional FOMO is increasing more and more, see that we have MARA going in the same direction as Saylor and betting all its chips on Bitcoin. We have Metaplanet also raising money to buy Bitcoin, anyway, institutional FOMO is not over yet and it seems to me that we are far from it.
We have Hong Kong with plans to cut taxes on Crypto for Hedge and Private Equity funds, and these pro-crypto actions by the Governments should increase even more.
That said...
We had a slight pullback and the price is being supported at $94,800 which is a good price to jump towards the new high. Notice here that we have recovered the 50 EMA (4h), and although we are still very close to it, it is more likely that it will push the price higher, and that is what I expect tomorrow.
We are without our American friends here because of the Thanksgiving holiday, but tomorrow we should see that changing quickly, and I expect us to have a good NY session.
The RSI improved again with this small pullback, leaving us even more room for a new jump.
We are seeing a very slow price action compared to what we expected for these dates, but I expect that we can change as we get closer to TRUMP's inauguration, so be prepared!
We're still in good shape and I think we'll jump to $99K soon, so take advantage of the good #altcoin while there's still time, because BTC's price skyrocketing and its Dominance falling is the perfect setup for a new round of bullishness in Altcoins.
* If you have any questions, don't hesitate, go to my INSTA (it's in the pinned image of my profile here), call me and ask your question.
