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Crypto De Nostradame
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Critical onchain data for Bitcoin (BTC) has arrived: The rise continues! Bitcoin (BTC), which stepped on the gas after the announcement of the US inflation data, increased expectations with the MVRV data. The US inflation expectation (2.6 percent) announced on November 13 came within expectations. However, BTC, which gained upward momentum, left $ 89,500 behind. Onchain data turned positive with the market turning green again. With the rise of the crypto market, Bitcoin addresses exceeded the 1 million limit. In addition, a significant increase was observed in the number of transactions and transaction fees on the Bitcoin network. Last week, large transactions increased to 33.33 thousand and the total transaction volume reached 1.36 million BTC. This development indicates the highest level in both the number of transactions and volume in seven days. As the network strengthens, the ratio between market value and realized value (MVRV) indicates a further increase for Bitcoin. The MVRV ratio has historically been useful in determining market peaks. It reached 4.91 in 2013, 4.24 in 2017, and 3.68 in 2021. These peaks usually indicate market peaks. Currently, the MVRV ratio is at 2.47, and the BTC price continues to make new highs. According to IntoTheBlock, a market peak is usually marked by an MVRV ratio between 2.6 and 5. Given that the previous peak was at 3.68, the next peak is expected to be near 3. In this context, the current MVRV ratio of 2.47 indicates that Bitcoin has significant room for growth.
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Will Tron (TRX) rise? Tron, one of the major altcoins with its market value and blockchain activity, has lost nearly 10 percent of its value since last night. TRX, which rose above $ 0.19 the other day, is trading at $ 0.175. Tron, the blockchain with the highest trading volume of Tether (USDT), has had difficulty keeping up with the potential bull run. AMBCrypto has examined TRX, which has shown a relatively weaker performance compared to other major altcoins. In the analysis, it was stated that TRX, which reached an all-time high of $ 0.1920 the day before, may continue its rise. TRX gained momentum with the statements of Tron founder Justin Sun and development activities in the ecosystem. The $TRX price has increased by 66 percent since the beginning of 2024. In fact, TRX remained weak compared to $BTC , which gained momentum with the US presidential elections. An analysis prepared by AMBCrypto stated that the Bollinger Bands formed on the TRX chart signaled further increases. The analysis emphasized that the increase in TRX's trading volume and the recovery of investor interest were important factors. “TRX showed strong upward momentum, last reaching April 2021 highs on the monthly chart. This movement shows that TRX has potential amid the intensified cryptocurrency bull cycle following Trump's recent election victory.” #CryptoDeNostradame #ParrotBambooCrypto
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Analyst makes crazy price prediction for Ripple (XRP)! Armando Pantoja, who is famous for his cryptocurrency analysis, made a surprising price prediction for Ripple (XRP). XRP is trading at $ 0.654, gaining 8 percent in the last 24 hours, and its market value is currently $ 37 billion. XRP's daily trading volume has tripled, exceeding $ 12 billion. In addition, the popular altcoin has moved into seventh place, leaving USDC behind in terms of market value. According to Santiment, one of the most important factors in $XRP exceeding the $ 0.74 level is investors' fear of missing out (FOMO). The rise of XRP is linked to Donald Trump winning the US presidential election. President-elect Trump had promised to dismiss Gary Gensler, the head of the US Securities and Exchange Commission (SEC). The end of the SEC’s legal battle against Ripple with a crypto-friendly chairman seems to have triggered a wave of FOMO among investors who support XRP. In addition, Trump is considering appointing Robinhood’s chief legal officer Dan Gallagher as SEC chairman instead of Gensler. Referring to the technical structure in XRP, Armando Pantoja expressed a price prediction that excited investors. According to the analyst, the “Symmetrical Triangle Formation” formation on the chart indicates a major rise for XRP. Stating that XRP exceeded $3 when this structure was last seen, Pantoja sees pricing below $1 as an opportunity. According to Pantoja, the Symmetrical Triangle Formation, the MACD indicator and increasing trading volume signal an increase towards $8-30. #CryptoDeNostradame #ParrotBambooCrypto
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Crypto expert gives mega rally date for Bitcoin (BTC). Rekt Capital, known for its cryptocurrency analysis, has determined the critical date for Bitcoin ($BTC ) based on cycles. Cryptocurrency analyst Rekt Capital, who has 506,000 followers on X (formerly Twitter), made a striking prediction for Bitcoin. Based on BTC's cyclical price movements, Rekt Capital made crypto investors happy by making a prediction about 2025. Based on BTC's past halvings, Rekt Capital expressed the important date range for the next bull season. The analyst said, "Bitcoin bottomed 517 days before the 2020 halving and reached its peak 549 days later. If we consider that it bottomed 517 days before the 2024 halving, we may be at the peak approximately 549 days later." Based on halving cycles, he pointed to October 2025. Donald Trump, who won the US presidential election, increased the demand for Bitcoin. BTC, which rose from $70,000 to $89,900 in a short time, greened the market. According to the decentralized prediction platform Polymarket, the probability of $BTC reaching $100,000 within the year is 65 percent. Polymarket, which draws attention with its consistent data during the US presidential election process, reveals investors' views on the market. If Donald Trump takes office, fulfills his promises and new user entry into the sector increases, a $100,000 level can be targeted for Bitcoin. However, this level may be difficult to exceed. It appears to be a level that can create selling pressure, especially from a psychological perspective. #CryptoDeNostradame #ParrotBambooCrypto
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