The situation with Bitcoin, as I see it, is developing as follows:
The upward momentum is still maintaining its strength, and expecting a deep local correction in the current conditions seems premature.
The nearest growth targets I see are in the range of $105,000–$110,000, and reaching the $100,000 mark seems quite likely in the foreseeable future. 📈
### Possible scenarios for price movement: There are two likely scenarios for the price: 1. Continuation of the growth from current levels, possibly with a brief pullback to the $94,000–$95,000 range. 🚀 2. A deeper correction, which could bring the price down to the $85,000–$87,000 range, from where there are good chances of recovering the upward trend. 🔽
If the price reaches the $85,000–$87,000 range, I believe it will be an excellent buying opportunity. 💸 However, given the current market strength, it is hard to say if the price will reach these levels in the near term.
The scenario with a longer correction might only become relevant if the price firmly consolidates below the $85,000–$87,000 range. 🔒 However, I assess the likelihood of this scenario as extremely low. 📉
Analysis of the Current BTC Cycle: When Will the Peak Happen and What Will the ATH Be? 📊
Based on the cyclicality and patterns of previous cycles, here’s our forecast:
1️⃣ When will the peak happen?
The average peak occurs 469 days after halving.
Considering the increasing length of cycles, it’s possible this will happen 570–600 days after halving. 👉 Expected BTC peak: Between summer and November 2025. 🌞🍂
2️⃣ What will the ATH be?
Previous growth: 7.48x. For this cycle, it’s logical to expect slower growth, around 1.748x–2.496x. 👉 Forecasted ATH range: $117,000–$167,000. 💸
🎯 Personally, I hold a minimum target of $102,000 (Fibonacci level 1.618), but a range up to $155,000 also seems realistic. 🚀
❗️ Reminder: This forecast is based on historical data, but many factors can influence the market. Stay vigilant! 🛡️
✔️ We continue trading in a very narrow range, often referred to as a "spring" that’s about to snap 📥📤. This breakout could go in your favor or against you, so you must be prepared 🛡️. As I’ve mentioned before, there remains a risk of a decline to the $84K–$86K range due to the closure of a weekly imbalance ✍️.
✔️ A correction is not a mandatory step for further growth. However, even if it happens, it’s likely to be short-term and shallow 🛡️✔️. In case of a correction, as I’ve said before, use it to your advantage. Corrections currently provide an excellent opportunity to buy assets on spot markets that interest you or to open long positions 🔼.
✔️ Pay attention to the BTC.D dominance situation. It has already dropped to 58% and is currently trading at 58.29%. Our primary target remains 52% dominance, with the first intermediate support level at 56%–57%. Once this level is breached, there will be no turning back 📉.
The market seems calm right now, but exciting moves are just around the corner. For now, all we can do is wait for our plans to materialize 💫. #ThanksgivingBTCMoves $BTC
As of November 28, 2024, the cryptocurrency market is showing positive momentum. 📈
Key Cryptocurrencies:
Bitcoin (#BTC ): The price of Bitcoin is $95,565.02, up by 2.23% from the previous close. 🔼 📊 Intraday fluctuations: Between $92,852.48 and $97,200, indicating high volatility. ⚡
Ethereum (#ETH ): The price of Ethereum is $3,601.01, up by 5.12% in the past 24 hours. 🚀 📊 Intraday fluctuations: Between $3,402.54 and $3,684.83. ⚡
Market Capitalization:
Bitcoin: The market capitalization of Bitcoin stands at $1.89 trillion. 💰
Ethereum: The market capitalization of Ethereum has reached $312.92 billion. 🤑
Trading Volume:
Bitcoin: Trading volume in the past 24 hours is $1.30 billion. 🔄
Ethereum: Trading volume in the past 24 hours amounts to $661.64 million. 💵
Technical Analysis:
Bitcoin (BTC): Current price is $95,565.02, a 2.23% increase over the last 24 hours. 📈 📊 Intraday fluctuations: Between $92,852.48 and $97,200. ⚡
Ethereum (ETH): Current price is $3,601.01, up by 5.12% over the past 24 hours. 🚀 📊 Intraday fluctuations: Between $3,402.54 and $3,684.83. ⚡
Market Trends:
Trading Volume: Total trading volume on the cryptocurrency market in the past 24 hours is $2.95 trillion, reflecting high market liquidity. 🌊
Fear and Greed Index: The current index is at 84, signaling extreme greed among investors. 😱📈
Conclusion:
The cryptocurrency market is currently at its peak, hitting new all-time highs. 🏔️ However, investors should remain cautious due to high volatility ⚡ and potential risks associated with extreme greed. 🚨
📉 **#BTC ▫️ **D1** - In the context of reaching a key level, the price is forming a **disbalance** on the sell side D1 [fvg]. This pattern confirms the hypothesis that sellers are ready to sell 🛑. The long trend has been broken 🔴, as we haven’t yet received a reaction at the nearest area 📍.
▫️ **H4** - Within the disbalance, there is a potential trigger 🔑 that could provide volume for selling 📉. Next, I am looking for confirmation on the **H1 TF** 🕐.
🐳 The market is gradually leveling out for takeoff 🛫. As I mentioned yesterday, the main correction targets have already been met ✅. Only in the case of market manipulation could we see a deeper drop by a few points 📉. But overall, as I've been saying for a whole month: “If there’s a decrease, it will be shallow and short-lived.” 🏷
🐂 The overall situation remains positive 🌞. We need to see sideways movement for BTC, while Bitcoin dominance decreases to the first target — **52%** 📉. Once this target is reached, there will be no turning back 🛫.
👉 For now, I’m still holding 5 long positions that I recommended yesterday, with high targets and the expectation of a quick decrease in dominance 💫.
➡️ **Do not touch the main spot portfolio**! If you want to trade, allocate a separate budget for spot or futures trading 📊. ➡️ The main spot portfolio is like a hen that will soon lay a golden egg 🥚.
➡️ We are waiting for our plans to unfold, and we’ll see altcoins soaring into the stratosphere!
The market is currently experiencing a local decline 📉, and the question arises: what to expect next? 🤔
In my opinion, a major correction is not expected at the moment 🚫. The maximum level Bitcoin might drop to in this situation is the $85,000–$87,000 range 💲, which I mentioned earlier. This level is the most suitable zone for opening long positions 🚀, both for Bitcoin and other assets 📊.
This range plays a key structural role 🔑 for market reaction. Its maintenance is critical 🛑 because otherwise, a deeper correction could occur ⬇️. However, I do not consider this scenario likely at the moment 🤷♂️.
Most likely, Bitcoin will test this level 🧪, but to do so, it first needs to confidently break the $91,100 mark 📍.
In the long term 🔮, I remain optimistic 🌟. I believe that in the near future ⏳, we could see Bitcoin prices in the $105,000–$110,000 range 💥.
By the way, altcoins are showing resilience 💪 amid Bitcoin's decline, and there's hope that during the bounce ⬆️, they will perform even better 🔥.
As of November 26, 2024, the cryptocurrency market continues to show strong performance despite some fluctuations:
Bitcoin (#BTC is priced at around $93,724 🔥, hovering near its previous highs but has seen some minor adjustments 📉.
Ethereum (#ETH stands at approximately $3,390 📈, reflecting stable growth as well.
Market Cap: The total cryptocurrency market capitalization is over $3.5 trillion 💰, showing resilience with slight fluctuations 🔄.
Fear and Greed Index is at 87 😈, indicating that the market sentiment is leaning strongly toward greed.
Bitcoin's dominance remains around 57% 🏆, with significant investor interest in altcoins, especially as Ethereum continues its momentum 🚀.
Despite these positive signs, market watchers are awaiting potential corrections ⚠️, though the general outlook remains bullish, especially if Bitcoin surpasses major resistance levels like $100,000 💥 in the coming weeks.
🛡 **Recommendation**: For positions with a 10x leverage showing over 100% profit, lock in 75% and move the remaining to **break-even (B/E)**.
Now, about the market: 🔥 The situation remains extremely positive, and there are good chances for continued growth without a correction 🛫. A correction is not mandatory right now, but in any case, you should be aware of the risks and be prepared. If a correction happens, focus on **Ethereum** – its likely minimum will be around **$2,800–$2,900** 🏷.
And the key point – **don’t short the market**! A correction is just an opportunity to open new long positions or add interesting spot assets 🛒. Don’t rely on it, but if it happens, be ready – it won’t be serious.
Our main plan right now: 🔥 Sideways movement for BTC, followed by growth to **$110,000** and a decrease in dominance to a local target of **52%**, after which altcoins will **"skyrocket"** 💀.
☝️ My spot portfolio is fully stocked, but in case of a correction, I plan to **buy more interesting assets** 🛒.
🛡 **Reduce risks** and anticipate all possible scenarios!
We’re waiting for our plans to unfold… **Subscribe for fresh and relevant news.** Have you packed your suitcase for the money yet? 💼💸
Analyst EtherNasyonal believes that the price of ETH will soon soar 📈. He drew an analogy with the market situation from 2016 to 2017 and stated:
🟦 At the beginning of 2025, ETH will break through the downward trendline around $3,700 📉. 🟦 Then, an exponential growth phase will begin, and the altcoin will rise to at least $10,000 by the end of 2025 💰🔥.
The analyst’s forecast is reasonable, but the downward trend in the ETH market did not start in February 2024, as indicated on the chart 📊, but in November 2021 🗓️.
🚀 Clearly, overcoming such a long-term bear market trend will trigger the start of a bullish rally 🐂⚡.
$As of November 24, 2024, the cryptocurrency market continues to experience notable movements:
- **Bitcoin (#BTC *: $98,500, nearing the $100,000 mark 🚀 - **Ethereum (#ETH **: $3,410, showing strong growth 📈 - **Market Cap**: $3.37 trillion, up by 0.47% in the last 24 hours 💰 - **24h Trading Volume**: $202.78 billion, a slight decrease of 9.05% 📉 - **Fear & Greed Index**: 87/100, indicating an extreme greed phase in the market 😱 - **Bitcoin Dominance**: 57.8%, showing that BTC continues to hold a significant share of the market 🔥
The focus remains on Bitcoin's potential breakthrough of the $100,000 mark, with expectations that its price could continue to rise 📊, especially as regulatory changes in the US and Europe evolve 🌍. On the altcoin front, Stellar (#XLM ) has been showing impressive gains 💥, while some coins, like Coti (COTI), are experiencing pullbacks 📉.
📉 **Briefly about the main points** #Bitcoin, after a recent rise to $99,300, experienced a short-term correction, stopping just before hitting the $100,000 mark. Meanwhile, altcoins are showing double-digit growth, notably Stellar and Cardano. The market is generally stable, although trading volumes over the past 24 hours have slightly decreased.
🏆 **Rocket of the Day**: Stellar (#XLM +56.3% 💔 **Antihero of the Day**: Coti (#TROY ) -30%
💡 Analysts advise watching Bitcoin's movement: the key moment will be breaking the $100,000 mark. At the same time, regulatory changes in the US and Europe continue to influence transparency and trust in the crypto market.
#DOGE Price to Reach $2.4 Following Elon Musk’s D.O.G.E.** 🐕🚀
Elon Musk’s focus on improving the Department of Government Efficiency (D.O.G.E.) 🏛️, which shares its abbreviation with Dogecoin 🐶, has also contributed to the price surge 📈. The price of DOGE is anticipating a possible breakout 🔥 in the near future, and leading analysts are expressing a similar attitude regarding the dog-themed meme coin 🐕💰.
Personally, I have already entered the position 💼. Risk management ⚖️ - price reduction 📉 - I buy more in parts 🛒. Price increase 💹 - selling in parts 💸.
There is a strong upward trend, I'm working with the trend. 📈 The nearest point to continue the trend is +H1 [fvg] ⬆️ Entry: 6.6250 🔑 Target: 6.9009 🎯 Stop: 6.4875 🚫
🔍 The only thing that, according to Econometrics, could derail the current growth of the crypto market is the risk of a recession in the USA.
How real is this risk? 🤔
Judging by the latest data on retail sales in the US, the risk is quite low: Americans are spending money just as they have for the past 20 years 💵. There are no signs of slowdown 📊.
Just compare the current market condition with the period of the global COVID-19 pandemic 🌍.
You can buy a little on spot, and add to your position with every drop 📉. Predicting the date of growth and the growth itself for such coins is extremely difficult 🔮. You might see a 10-15% rise, or a potential impulse of 150-200% 📈. The key is not to be greedy and take your profit on time 💰, as everything deflates back after the pump.
Always manage your risks and don't load a large percentage of your trading deposit into this coin ⚖️.
Today, the market is showing optimism, with many cryptocurrencies trading in the green.
🔹 **#BTC * has reached $99,000, approaching the psychological level of $100,000. 🚀 🔹 **#ETH is trading around $3,300, showing strong upward momentum. 📈
⭕ **Fear/Greed Index**: 84 – extreme greed. 😱💰
📈 **Latest market updates**: - **#Solana ** hits a new all-time high, showing impressive growth. 🌟 - **#xrp ** surged 8% amid rumors of SEC Chairman Gary Gensler's potential resignation. 📰 - **Marathon Digital** raised $1 billion to buy Bitcoin. 💼 - Australia officially recognizes Bitcoin as an asset, not a currency, clarifying its legal status. 🇦🇺⚖️ - **Cardano (#ADA )** has risen by 50% in the past week, solidifying its lead among altcoins. 🔥
The day promises to be eventful! Keep an eye on key levels and trade cautiously. 💡
#SUI The coin is on the rise, for those interested: I would buy at the current price and continue to accumulate. 💰🔥 It’s a very strong coin, with an interesting level at **2.8251**. 📊📈 Despite some news, the project remains solid. 🚀✨