$BTC I start my analysis with Bitcoin. Currently, I expect a drop to 85k. We have a total of 3 unfilled FVGs (fair value gaps) below the current price, and this is a big deal. These gaps pretty much always tend to be filled. These are no gaps that occurred at the start of the uptrend (near 15k in 2022), but almost before the end of the uptrend (85k in 2024). This is a hugeeeee problem, and I assure you that bitcoin will go down sooner rather than later.
Today we also want to look at the RSI indicator. The RSI indicator is important mostly only on the 1m, 1H, 1D, 1W, and 1M charts. Do not use it on, for example, 15m or 2h charts. On the RSI indicator, we can see a bearish divergence because the price is making a higher high while the indicator is making a lower high.
That's a huge sign of weakness.
Also, let's take a look at the moving averages. This is the daily chart, so let's use 50, 100, and 200. These periods are very popular among huge institutions and hedge funds. They mainly like to use 200 and 20. As we can see, the price is too far away from them, which is a sign that the market is overbought and we should wait for a correction. You want to buy at the support, not when the market has already made the move.
Currently I am bearish on Bitcoin. Profit target 1:
Daily price action seems to have rejected 100k level, as opposed to a strong close above for the bulls to continue. This is a strong indication that the bears are getting into the market. If daily PA closes below daily 50% fib level, then BTC is poised for a deep retracement to 50K.
Please note, this is note financial advise but merely speculation.
Ondo Finance (ONDO) has emerged as a standout project in the crypto market, gaining significant attention for its focus on real-world asset (RWA) tokenization. Specializing in bringing US Treasury Bonds onto the blockchain, ONDO is positioning itself as a leader in bridging traditional finance and decentralized finance. This innovative approach has fueled tremendous growth for ONDO, the project's native token, which has surged over 235% since November 5.
The momentum hasn't slowed as ONDO continues breaking all-time highs, with a remarkable rally since early December captivating investors and analysts alike. Despite this bullish trend, the market is eyeing potential volatility ahead. Recent data from Santiment highlights an increase in ONDO exchange inflows, often an early indicator of significant price movements.
As Ondo Finance captures market interest, its focus on tokenizing US Treasury Bonds aligns with the growing narrative of connecting traditional finance with blockchain technology. This convergence of utility and innovation makes Ondo a compelling project in this market cycle. While the price action remains strong, the rising exchange inflows suggest that ONDO could be gearing up for a pivotal phase. Investors are now closely monitoring the token for signs of its next big move. ONDO Testing Price Discovery
Ondo Finance's native token, ONDO, has been in a strong upward trend, testing price discovery since early December after breaking its previous all-time high (ATH) at $1.48. This rally has propelled ONDO to new heights, with the token recently peaking at $2 just a few hours ago. The consistent upward momentum highlights growing investor interest, but the current price levels signal that volatility could soon make a return.
As long long as 102,378 have not been broken, we are not yet in a further bullish trend, Price is still hovering. But a look at 4H chart reveals bearish opportunity to be exploited as choch is observed at 101,183, Price broke previous low. Slight pullback is ongoing to retest previous Ih area around 101,599/101,955 zones. Wait out this retest and open sell order using Itfs, target next 4H low.
Let's s break it into key aspects based on the provided data and general market trends.
1. Price Movement
Current Price: $715.40
24h Range: $707.50 - $732.11
The price is slightly bearish, sitting closer to the 24h Low than the High.
Current Sentiment
The data indicates short-term consolidation with a slight bearish tilt. Breaking below $707.50 could lead to further declines, while a rally above $732.11 might indicate renewed bullish momentum.
Identify Key Zones
Using the data:
Support Level: $707.50
This is the lowest price in the past 24 hours and could act as a rebound point.
Current Price: 101,500 USDT, reflecting a modest +0.79% increase. This indicates slight upward momentum in the market.
24h High/Low: The price reached a high of 102,650 USDT and a low of 100,647.05 USDT, showing a range of about 2,000 USDT. This suggests moderate volatility within the last 24 hours.
High trading volumes indicate strong market interest and liquidity. This is favorable for traders looking to enter or exit positions without significant slippage.
Support and Resistance Levels:
Resistance: Around the 102,650 USDT mark (24h high). If the price breaks this level, we could see a continuation of the upward trend.
Support: Near 100,647.05 USDT (24h low). A break below this may signal further downside.
Market Depth:
Depth data suggests strong buying and selling activity at key price levels like 101,953.69, 101,560.02, and 101,166.36, which could act as short-term support/resistance zones.
Outlook:
The market appears stable but slightly bullish due to the upward price change. Traders should watch for a break above 102,650 USDT for confirmation of a bullish trend or a drop below 100,647 USDT for bearish momentum.
Recommendation:
1. Day Traders: Focus on short-term support/resistance levels around the 24h high and low.
2. Swing Traders: Monitor the consolidation phase for a potential breakout above 102,650 USDT or breakdown below 100,647 USDT.
3. Long-Term Investors: The current price suggests stability, but it's prudent to watch for macroeconomic factors influencing Bitcoin.
"The crypto revolution continues! 🚀 Global cryptocurrency users have now hit 18 million. 💡 Mass adoption is happening, one wallet at a time. #CryptoAdoption #Blockchain
The journey to 18 million users hasn't been without challenges. Volatility, regulatory uncertainty, and skepticism remain, yet the underlying technology continues to prove its resilience and utility. With advancements like smart contracts, decentralized applications (dApps), and cross-border transactions, crypto is becoming a cornerstone of the digital economy.
As more people embrace crypto, the ecosystem grows stronger, creating opportunities for education, collaboration, and innovation. This is just the beginning – 18 million users today could turn into billions tomorrow.
#MicroStrategyJoinsNasdaq100 " data-hashtag="#MicroStrategyJoinsNasdaq100" class="tag">#MicroStrategyJoinsNasdaq100 MicroStrategy Incorporated (MSTR), known for its software and Bitcoin holdings, joining the Nasdaq-100 Index is a significant milestone. This move reflects the company's growing influence in both technology and cryptocurrency spaces. The inclusion in the Nasdaq-100, which consists of the largest non-financial companies listed on the Nasdaq stock exchange, can enhance investor interest and credibility for MicroStrategy. detailed analysis of MicroStrategy’s inclusion i
🚨 KOLZ #KOLZ chart displays a clear bullish structure, supported by both technical and fundamental factors. The breakout above a previously established resistance zone signals growing market confidence and suggests that bullish momentum is building. The consolidation near the moving edge point indicates healthy accumulation by buyers, with higher lows forming as the price approaches the next resistance. This pattern highlights strength in the trend and a probable continuation toward new highs.
From a technical standpoint, the upward trajectory has been bolstered by the breach of key resistance levels, transforming these into support zones. This price action aligns with a classic bullish reversal pattern. Additionally, the steady rise following the downtrend signals a shift in market sentiment from bearish to bullish. The presence of a defined support level below ensures asafety net for any potential pullbacks, demonstrating robust buyer interest at these levels.
Eth Analysis 👇🏻📊 ⚠️ Ethereum is ready to climb to 5K and then above 6K with full strength. Just like in previous bull seasons, after ETH Ethereum's strong moves, the real altcoin rally will begin. The upcoming Santa rally is expected to reward all patient investors holding altcoins.
• $220 Billion Investment: BlackRock's recommendation to allocate 2% into Bitcoin could lead to a huge $220 billion injection-4 times more than what's currently in the Bitcoin Investment Trust (IBIT).
• Massive Market Impact: Adding $166 billion at a 118x bull market multiple could boost Bitcoin's market cap by an incredible $19.6 trillion!
• Price Potential: This could send Bitcoin's price soaring to about $933,000 per coin!
Bottom Line: BlackRock's official
recommendation is a major sign of confidence in Bitcoin, and it points to a very bullish future. Don't miss what's coming.
Tom Lee's projection of Bitcoin reaching $250,000 by 2025 is a bold yet intriguing prediction, reflective of his optimistic outlook on the cryptocurrency market. Such forecasts often hinge on a mix of factors, including:
1. Institutional Adoption: Increased participation from financial institutions could drive demand.
2. Halving Events: The next Bitcoin halving in 2024 is expected to reduce supply, potentially increasing prices.
3. Macro Environment: Inflation and a shift toward decentralized assets may push Bitcoin higher.
However, predictions like this should be taken with caution. While Bitcoin has demonstrated resilience and growth over the years, market volatility and external factors can significantly impact its trajectory.
XRP Skyrockets 1,209% in 24 Hours in Abnormal Liquidation Imbalanc. 👇🏻📊 This week, the cryptocurrency market began with a massive liquidation event, when over $2 billion in the lowest estimated value of long and short, but mostly the former, experienced a forced close. The echoes of that event are still reverberating, with nearly $300 million liquidated in the last 24 hours, but its character is not so one-sided, according toCoinGlass. In the midst of this turbulence, an interesting anomaly h
#ShareYourThoughtOnBTC 👇🏻📊 The current price is $101,041.05, which is +1.04% higher than the previous value, indicating a slight bullish trend.
The 24h high ($101,888) and low ($99,608) show that the price is fluctuating within a relatively narrow range, suggesting stability but with upward momentum. The price hovering close to its 24h high suggests buyers are actively pushing the market upward.
If the price breaks past $101,888 (the 24h high), it could trigger a bullish breakout with stronger upward momentum. Support: $99,608 (24h Low). A break below this may indicate a bearish reversal.
Resistance: $101,888 (24h High). Breaking this may confirm a bullish continuation. Trend: Slightly bullish.
Outlook: Watch for consolidation or potential breakout above $101,888 for confirmation of a stronger upward trend.
If BTC fails to break the resistance and reverses, short-term traders may need to adjust their positions for a potential pullback to $99,608.
$BTC $ETH $XRP Bitwise Predicts Bitcoin Will Top $200K In 2025, Ethereum And Solana To Set New All-Time Highs. Crypto asset manager Bitwise predicts Bitcoin, Ethereum, Solana and many other altcoins will reach new all-time highs (ATHs) in 2025 amid more favorable crypto policy in the US and increased institutional adoption of the digital asset space. In its latest report, the firm said that crypto market leaders BTC and ETH could record new price peaks at above $200K and $7K,
Bitwise Predicts Bitcoin Will Top $200K In 2025, Ethereum And Solana To Set New All-Time High.Crypto asset manager Bitwise predicts Bitcoin, Ethereum, Solana and many other altcoins will reach new all-time highs (ATHs) in 2025 amid more favorable crypto policy in the US and increased institutional adoption of the digital asset space.
In its latest report, the firm said that crypto market leaders BTC and ETH could record new price peaks at above $200K and $7K, respectively. Ethereum-killer and l
Price is up by 1.04%, indicating bullish sentiment in the short term.
2. Volume Insights:
24h Volume in BTC: 34,653.86 BTC
24h Volume in USDT: 3.49B USDT
High trading volume suggests significant market activity, likely influenced by market news or trends.
3. Moving Averages (MA):
MA(7): 101,164.63
MA(25): 100,829.02
MA(99): 100,821.45
The shorter-term moving average (MA7) is above the medium-term (MA25) and long-term (MA99) averages, indicating a bullish trend in the short term.
4. Depth Analysis:
Bid/Ask Volume: The depth figures suggest slightly higher demand, but more details are needed for precise depth analysis.
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Market Sentiment:
The short-term bullish trend aligns with the price increase and higher volume. Bitcoin might be experiencing a breakout or recovery phase, but it could also reflect market speculation.
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Suggestions:
1. For Traders:
If you're holding BTC, consider trailing stop-loss orders to lock in profits as the price climbs.
For potential buyers, wait for a retracement near the MA(25) or MA(99) levels to enter at better value.
2. Watch for Key Levels:
Resistance: 101,888 (24h High). A breakout above this may lead to further upward momentum.
Support: 99,608.23 (24h Low). If this level breaks, it might signal a bearish reversal.
My name is Bareera Sultan. This is my first intro message. I am a Crypto Analyst and Trader. I have been in this field for more than 5 years. I have learned a lot in these 5 years, I will share my thoughts soon. This is enough for now. .! Thanks #Write2Earn!
The SUI/USDT trading pair shows significant activity and a strong uptrend over the past day and longer timeframes. Here's a detailed analysis based on the shared data:
Price Overview
Current Price: $4.6977 The price is trading near the 24h high ($4.9136), showing strong bullish momentum.
24h Change: +25.38% This large price surge suggests heightened interest and trading activity. Analysis and Forecast
Short-Term:
The price nearing the 24h high may face resistance. Consolidation or a slight pullback is possible due to overbought signals from the RSI.
Medium to Long-Term:
The bullish trend remains intact, supported by high trading volumes and strong historical performance. If the price breaks above the $4.91 resistance, it could target $5.00 or higher.
Trading Strategy Suggestions
1. For Long-Term Investors:
Hold positions, as the long-term trend remains highly positive. Accumulate more during dips near the MA(99) level ($4.35).
2. For Short-Term Traders:
Watch for a breakout above $4.91 for potential gains toward $5.00.
The XVG/USDT pair has experienced significant price movement with a +53.24% increase in the last 24 hours, indicating strong bullish momentum. Here's a detailed breakdown of its market activity:
-- Technical Indicators:
1. Support Levels: $0.0128 (near recent low)
2. Resistance Levels: $0.0188 (24h high)
3. Trend: Uptrend, with potential to test the $0.0188 resistance if buying pressure sustains.
Insights:
Short-Term: Consolidation near the current price of $0.0168 is likely before a potential breakout.
Bullish Continuation: A breakout above $0.0188 could see the price aiming for higher resistance zones, possibly $0.020 or beyond.
Risk: A retracement below $0.016 could test support at $0.013-0.014 levels.
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Recommendations:
1. For Buyers: Look for entries near support zones or after confirmed breakout above $0.0188.
2. For Sellers: Consider profit-taking near resistance or if the price shows signs of weakening momentum.