Over the next 2-3 weeks, Bitcoin might face its final dip before a major bull run kicks off. Despite the panic and forecasts of a decline to the low $40Ks, a bull market is still imminent. Hereâs why you should stay calm:
đž Support Levels: Bitcoinâs key support is the 100-week EMA, historically a strong rebound point after bear markets. Currently around $45K, it has marked the end of downtrends in 2015 and 2019. Expect a bounce if we hit this level.
đž Technical Indicators: Fibonacci retracements and high-volume nodes suggest strong support between $43K and $49K. Even if we see a brief dip, itâs likely just a wick before a significant upward move.
đž Market Sentiment: September is historically weak for Bitcoin, but October, November, and December are typically bullish. Out of the last 10 years, 8 Octobers ended positively for Bitcoin.
đž Fedâs Role: The Federal Reserveâs anticipated rate cuts, starting soon, will inject liquidity into the market. This cycle, starting with a 70% chance of a 25bps cut, will boost risk-on assets like Bitcoin.
đž Recession Reality: Weâve been in a recession for over a year, but with the end of the tightening cycle approaching, expect a liquidity-driven rebound in risk assets.
đĄ Final Thought: Fear is high, but why panic before the money printer turns on? Historically, the shift in sentiment post-rate cuts is swift. Protect your portfolio, stay patient, and be ready for the bullish trend ahead.
đ Stay Informed. Stay Calm. Get Ready for the Bull Run! đ
đ @dappOS_com #Surge Alert! đ
Hold onto your seatsâDappOs is skyrocketing and the excitement is palpable! đ The upward momentum is undeniable, with potential to reach new heights in the coming days. Get ready for a thrilling ride as DappOs defies expectations and races towards unprecedented gains. đ
Nowâs the time to buckle up and watch closelyâthis is your chance to catch the wave before itâs too late. Keep your eyes peeled for key breakout levels and donât miss out on the next big move! đ
