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Crypto De Nostradame

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Bitcoin whales are getting ready: Purchases are increasing! Bitcoin ($BTC BTC), which is approaching $69,000, has given the green light to the bull season with whale activities. This development has increased the expectation of new records among investors and analysts. According to Santiment data, when the price fell to $59,000 on October 10, there was a net increase of 268 in the number of wallets holding 100 to 1,000 BTC. The fact that large investors made purchases during this period indicates the expectation of a significant price increase. Bitcoin is currently trading close to the $70,000 level. This level has triggered sales as a resistance point five times in the last seven months. However, increasing purchases by whales indicate that this resistance may be weakening. Bitcoin is trading at $68,383 and is testing new supply levels. The price had a brief pause at $68,998 and is now preparing to push new highs. Staying above the 200-day moving average ($63,322) is critical for the continuation of the upward momentum. Analysts state that if the price fails to break $70,000, a correction may occur and this may increase the liquidity of the market and support a new rally. Investors emphasize that the price movements in the coming days will determine the long-term outlook of Bitcoin. Ali Martinez, known for his cryptocurrency analyses, excited his followers with his Bitcoin analysis on October 18. According to Martinez, BTC will test $78,000 with the breakdown of the falling channel structure. The analyst, $ETH $BNB #CryptoDeNostradame #ParrotBambooCrypto

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Pumpfun draws attention with its new move: Token on the way! Pumpfun, a memecoin generating platform operating on the Solana network, has aroused curiosity with its token move. Solana-based memecoin generating platform PumpFun announced its new terminal and signaled an important announcement for the protocol in a space in X today. The protocol team, which announced that Pump.fun “plans to launch a token in the future,” also announced “pump advanced,” a trading terminal with advanced features for power users. Pump advanced’s main view includes charts, top statistics, advanced filters, live update topics, and other features designed to appeal to pump.fun’s heavy users. The site also allows users to use non-custodial wallets by logging in through the identity verification platform Privy. In a statement on the X space, the team announced that the advanced platform will charge 0 percent fees for at least the first 30 days, with subsequent fees to be announced. “We will make sure to reward our early adopters,” the Pump.fun team said about the token launch. “All the money we have earned so far is being invested back into the platform,” they added. According to The Block’s data, Pump.fun’s daily revenue approached $1 million for a few days this month. The platform reached a cumulative fee of $100 million in late August and has recently gained traction due to the influence of popular memecoin Moo Deng. As the memecoin trend continues, the platform’s revenue may continue to increase. However, a sharp decline in memecoins such as $PEPE , $DOGE , $SHIB , FLOKI, WIF, MODENG or NEIRO could push Pumpfun into the background. #CryptoDeNostradame #ParrotBambooCrypto

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Important development in Ethereum (ETH): Holders are increasing! Since the beginning of 2024, assets in Ethereum ($ETH ) savings wallets have increased by 65 percent, reaching 19 million ETH. At the current ETH price, this amount corresponds to $50.2 billion. Analyst Burak Kesmeci predicts that savings, which were 11.5 million ETH in January, could exceed 20 million $ETH by the end of the year. Altcoin investors were naturally excited with this development in Ethereum. The analyst stated that the spot Ether ETFs launched in July encouraged this growth, emphasizing that Ethereum is now seen as an important part of the financial future, not just for technology enthusiasts. On the other hand, there are also warnings that the increase in leveraged positions could lead to price corrections. Spot Ether ETFs have recorded a total net outflow of $467.3 million since July 23. At the same time, Ethereum founder Vitalik Buterin made suggestions to improve transaction times to alleviate concerns about increasing supply despite network usage. Ethereum, which is currently weaker than Bitcoin, may please altcoin investors with positive data from spot ETFs or a decline in Bitcoin dominance. The $3000 band will be critical for ETH. Exceeding $3000, which is a difficult level both psychologically and technically, may bring altcoin bulls. Weekly closes above $3000 may increase the strength of the rise. #CryptoDeNostradame #ParrotBambooCrypto

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Positive comment for Bitcoin: “Uptober will continue” QCP stated that the Bitcoin (BTC) price has reached $ 70,000 and spot ETFs have gained a new dimension. QCP, which published a market report on Telegram, reported that an “exciting” week was behind the crypto market. QCP drew attention to the fact that BTC touched $ 69,000 with a 10 percent increase. The report stated that the psychological resistance level at $ 70,000 has become visible. QCP evaluated whether the rally will continue next week without any macro data. According to QCP’s report dated October 19, sustainable inflows will continue with the SEC approving BTC ETF options. The QCP report stated that Bitcoin dominance is approaching 58 percent, a level seen in April 2021. The dominance, which is at its highest level of the year, is expected to reach the resistance at 60 percent and start to decline. QCP believes that this development in Bitcoin dominance will pave the way for a strong recovery in Tier-1 coins. Arguing that the general outlook in the market is positive, QCP stated that inflation in Japan continues to weaken and headline inflation has decreased from 3.0 percent to 2.5 percent. Markets are focusing on the fact that the Bank of Japan will not increase interest rates in the near future. According to QCP, the macroeconomic outlook in Japan keeps BTC strong. The report included the following statements; “The fact that US stocks are near all-time highs and the Japanese yen has entered a new weakening trend indicates that risk perception will strengthen further as the US elections approach. This will push risk assets even higher and “Uptober” will continue.” #CryptoDeNostradame #ParrotBambooCrypto

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“XRP may be thrown in the choppy sea” Bitget chief analyst Ryan Lee evaluated the course of the XRP price along with the developments between the SEC and Ripple. According to crypto analyst Lee, the latest objection made by the US regulatory body SEC against Ripple may distance market participants from XRP in the short term. The analyst thinks that XRP, which is classified as a “risky asset” due to the litigation processes, will start to lose blood. Referring to the speculations that XRP will rise, Lee argued that the popular altcoin will not be able to rise amid the current uncertainties. The analyst predicted that the XRP price will fluctuate between $ 0.50 and $ 0.80. Bitget crypto analyst Ryan Lee argued that the $XRP price will not exceed $ 0.80 for the rest of 2024. The SEC's move against Ripple shook the crypto market. The SEC appealed the case, which resulted in Ripple's victory. The move was met with a response from Ripple that “we will continue to fight.” The SEC did not appeal the decision that XRP was not a security. In its appeal, the SEC asked the court to review the decision regarding Ripple’s $XRP sales on exchanges and the personal sales of Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. The legal process, which is considered by the XRP community to have “no major impact,” could affect the XRP price, according to Lee. The analyst thinks that legal uncertainty will increase price volatility in the popular altcoin. Lee noted the following; “The price of XRP is likely to fluctuate between $0.50 and $0.80 by the end of the year, but this forecast is highly dependent on regulatory developments, especially in the US market, and changes in the crypto market.” Ripple’s chief legal officer Stuart Alderoty claimed that the litigation processes will extend until July 2025. #CryptoDeNostradame #ParrotBambooCrypto

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