Panic Wave Hits Crypto Market
In light of Jerome Powell’s recent statements, where he clearly stated that the US Federal Reserve does not own Bitcoin and has no intention of changing its policy towards it, the cryptocurrency market has entered a state of panic and turmoil. New investors, who expected an unlimited upward trajectory, found themselves facing a sharp decline in Bitcoin from its all-time high of $108,000 to a range of $93,000 to $96,000.
Bitcoin: The Leader That Pulls the Market Behind It
Bitcoin is not just a cryptocurrency; it is the leader that the entire market moves with. With every drop in Bitcoin, altcoins are affected more, as we saw a 7% decline in Bitcoin, followed by a major collapse in altcoins by up to 25% and more for some. These movements reflect the fragility of the market in the face of pressure, but they also open the door to investment opportunities for those who know how to seize them.
Timelines prove themselves right again
Through our cycle-based analysis, we have confirmed that the current period will be negative and painful for Bitcoin. Recent events, from Powell’s comments to market movements, have confirmed this prediction. But, as always, every downtrend comes to an end, and we are rapidly approaching a turning point.
Levels 74,000 and 66,000 on radar
Don’t rule out Bitcoin testing the 74,000 or even 66,000 areas before Donald Trump takes office on January 20. These levels are not just random numbers; they are strong resistance and support points identified based on price cycles. This may sound alarming, but it represents a golden opportunity for those who realize that today’s downside means tomorrow’s upside.
Trump: The Man Who Brings Hope Back to the Markets
All eyes are on Trump’s inauguration. This event, which coincides with the end of the negative cycle on January 24, could mark the beginning of a new era in the crypto market. Trump, who is known for his support of the markets and Bitcoin, could be the catalyst for Bitcoin to rise again to unprecedented levels.
Golden Tip: Don't sell at a loss, be prepared for upcoming opportunities.
In these difficult times, don’t let panic control you. Take advantage of opportunities, consolidate your positions, and maintain sufficient liquidity in your portfolio in preparation for what is coming. Change is coming, and those who are patient and smart will reap the rewards.
Conclusion: Bitcoin is waiting for its moment of launch
Despite the current pain, the future holds hope. Markets always rearrange themselves after crises, and with Trump coming and the negative wave ending, we are on the cusp of a major shift. Be smart, don’t let opportunities slip away, and be part of the next revolution in the crypto market. “Bitcoin is not afraid of storms… it always comes back stronger!”
