After completing the second test yesterday, Bitcoin rebounded as expected, with the highest rebound reaching 99488, very close to the rebound high of 99540 on the 21st. However, compared with the decline in trading volume from the 19th to the 20th, the rebound trading volume is still relatively small, and the rebound is too steep and lacks sustainability; yesterday, the four indicative Bitcoin spot ETFs, FBTC, ARKB, BITB, and BTC, had a total net outflow of US$149.7 million, and Bitcoin ETFs continued to sell on a large scale.
Considering that there are a lot of locked-in orders between 100,000 and 103,000, in such a market environment, the probability of Bitcoin breaking upward is relatively small and entering a consolidation phase, but as long as it does not fall below 97,000, it can continue to be bullish! Bitcoin short-term resistance: 103,000, short-term support: 97,000.
The Federal Reserve cut interest rates by 25 basis points on December 19 as expected, but the bank sent a hawkish signal after the meeting, suggesting that the pace of interest rate cuts will slow down in 2025. It is expected that there will be only two interest rate cuts of 25 basis points each next year, which is less than the four times expected in September, thus triggering turmoil in the cryptocurrency market.
Under hawkish pressure, the U.S. dollar index rebounded above 108, and Bitcoin was unable to hold the $100,000 mark.
Looking ahead to 2025, Trump will be sworn in on January 20, and the market will focus on the cryptocurrency policies he will implement after taking office and the impact on the Federal Reserve's monetary policy.
“The average FOMC participant expectation is now for a 50 basis point reduction in the target range for the federal funds rate, from 4.25%-4.50%, to 3.75%-4.00% by 2025,” the outlook released by BCA Research noted.
The research firm believes that with the weakening trend in core PCE inflation and weakness in the job market, "rate cuts of more than 50 basis points may be needed."
If recent trends continue, core PCE inflation is expected to reach 2.5% in early 2025. The report said: "If the monthly core PCE inflation rate reaches the three-month average, the 12-month inflation rate will reach 2.5% by March. If the monthly core PCE inflation rate reaches the six-month average, the 12-month inflation rate will also reach 2.5% by February."
This suggests that inflation could reach or fall below the Fed's forecast levels earlier than expected.
How much money would be needed to make Shiba Inu Coin (SHIB) worth millions?
According to most analysts’ forecasts, the market will rebound in early 2025. After that, it is expected to experience a period of adjustment in the summer, followed by another rebound in the third to fourth quarter of 2025, eventually reaching the peak of the cycle.
If these predictions come true, SHIB will have two bullish target price levels: one is the high of $0.00004567 in March, and the other is the high of $0.00008854 in 2021. Once these two targets are achieved, it means a potential increase of 115% and 315% respectively, which is undoubtedly very attractive to investors and makes the market full of expectations for the future of SHIB.
How much money does it take to become a SHIB millionaire?
If SHIB surges 115% to hit its March high, or soars 200% to reach a key Fibonacci level, how much money would it take to make $1 million from it?
Assuming that its price rebounds from the white trend line support (current price $0.00002205), in the unleveraged spot market, to achieve the goal: if the increase is 115%, you need to invest $464,799 now; if the increase is 200%, you need to invest $333,102.
If you choose 5x leverage in the futures market, the principal can be reduced to about US$93,000; using 10x leverage, the principal can be reduced to about US$34,000.
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