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#BTCOutlook • • •Over the next few weeks, bitcoin and crypto market watchers expect the bitcoin price to remain prone to wild swings. "In terms of what is coming over the holiday period, the first rule of bitcoin is that it is always volatile in the same way water is always wet," James Toledano, chief operating officer at Unity Wallet, said in emailed comments
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#2024withBinance • • •
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#MarketPullback If the Federal Reserve maintains its stance on cutting interest rates, there is a strong possibility that the crypto market will enter a bullish phase by 2025. Many are expecting favorable conditions, with some experts even predicting a real bullish momentum before the actual rate cut.
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#BTCNextMove The latest price for one Bitcoin/BTC coin is $94,595. It's down by -7% in the last 24 hours. 52.92% of days, the price of BTC closed above the opening. The maximum price ever recorded in our base for one BTC is $106,744, it was 3 days ago, currently price is down by -11.38% from that high. From a total of 17 technical indicators, 8 calls to buy, and 6 to sell, the prediction sentiment short-term is bullish based on technical price analysis. The first major uptrend resistance for BTC is at the $99,449 level, it needs to close above that level to continue to move higher, and bottom support sits at $94,381. So if the price falls below $94,381, we may see the price go even lower. On the other hand, if it will be able to close above the $99,449 level, it can go up to the next resistance level at $103,491. The 14-day relative strength index (RSI) is currently at 41.70, indicating Natural conditions in the market without being oversold or overbought. Similarly, the weekly chart's relative strength index (RSI) is at 63.48, also indicating natural conditions in the market.
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#MarketCorrectionBuyOrHODL Corrections are usually shorter, lasting weeks or a few months. crypto market can drag on for much longer, sometimes over a year. ________________ Corrections typically see price drops of 10% to 20%. crypto market can be much more brutal, with declines exceeding 20% and reaching 50% or more. ________________ During corrections, there might be some anxiety, but people generally believe in the market's long-term health. crpto market, however, are filled with fear and negativity ------------------------
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