Bitcoin's hourly line, I didn't know it was the currency of the former Super Mario Ponzi scheme that reappeared in the market! Students who have played Super Mario know that Super Mario jumps off the platform and pulls the flag to enter the next level! It is still shrinking now, wait patiently for the last jump and enter the next stage!
How has Bitcoin performed historically in January? Analysis of Bitcoin's data over the past ten years shows that in historical Januaries, Bitcoin generally rises more than it falls, with a rise-to-fall ratio of 4:6 over the ten years. However, specifically speaking, the years with declines mostly had minimal drops, for example, the declines in 2015, 2016, and 2018 were all less than 1%, which can be considered flat; In the second year post-halving, specifically 2017 and 2021, Bitcoin's return in January was positive, indicating that the halving effect is still quite strong. January marks the start of a bull market. Although I mentioned on Monday that there needs to be a dip this week, the dip I referred to is a correction, which is a buying opportunity and does not affect the long-term bullish outlook, nor does it impact the bullish sentiment for January. Before the end of January, Bitcoin is expected to break through $120,000. I am posting this as evidence! Note dated January 8.
Can Bitcoin reach new highs again? Will the bull market continue in 2025? From on-chain data and market sentiment, the current market is overall still in a "middle" state, neither too "hot" nor too "cold". For instance, from the Bitcoin rainbow chart, it is currently in the holding phase, just at the middle state of 9 indicators, with 4 stages above representing bubble, severe bubble, etc., meaning that most Bitcoin holders are still in a wait-and-see state. From the Bitcoin HODL wave, the data for short-term holders below one year has been shrinking during this round of Bitcoin price surge surpassing $100,000; This means that many new investors who bought Bitcoin have already sold it, which can also be attributed to the three significant drops in December, achieving the purpose of washing out positions; Meanwhile, the proportion of long-term holders is continuously increasing, indicating that large holders remain optimistic about the market's future. Those declaring the bull market has ended are likely just shooting from the hip, entirely based on gut feelings. Don't stop farming just because a crow caws! On January 20, Trump was inaugurated as President of the United States; on January 31, the Federal Reserve's interest rate decision; Bitcoin is expected to reach a new historical high by the end of January, pushing towards $120,000, and then the explosive growth of altcoins will also enter the fast lane! Look back at this tweet then! $BTC
Good weekend, everyone. Today's market is pretty good. The altcoins are slowly making up for the rise. The big market is coming soon. As the date of the Christmas holiday is approaching, the market will also improve. After all, after the holiday, those who should go to work should go to work, those who should work should work, and those who should trade should trade. With the resumption of net inflow of ETFs, we will continue to follow a unilateral bullish trend.
Even if there is another big adjustment in January, it will not prevent a takeoff in February and March. Now there are many large institutions in Ethereum that are buying the bottom. What are we waiting for? Today I recommend a currency for everyone, and you can take a medium and long-term position later.
Today's recommended currency: COW At present, MACD will soon cross the golden cross in the four-hour view. As long as this currency can stand firmly at the position of 618, that is, 1.1186, it will continue to take off. Trump bought coins through cow. It will not be wrong to follow Trump's operation in this bull market. In addition, Trump World Finance and V God often use COW for trading. With the "carrying goods" of celebrities, COW will sooner or later become popular.