My predictions about BTC have been spot on. When BTC hit 58,486, I pointed out that it was a weak support level and predicted it would drop to the 56-57 range. Otherwise, it needed to fall to 58,500 to strengthen the previous low from June 25. BTC did break 58,500 and retested the support at 56,700, just as I expected.
I also noted that the liquidation map showed a significant level at 63,000, suggesting BTC would reach this level before a potential drop. I was right—it touched 63,880, as I mentioned, and liquidated most of the short accounts. In all my BTC analyses, I stood by my prediction that it would go down, and it did exactly that.
Every prediction is present on my profile page. You can check if you want.
On March 5th, 2024, BTC dropped to 59,050 before going back and touching high levels. So it clearly became a sort of support line because, from back in March, it also retraced back to that line. Then, on May 1st and 2nd of this year, it again dropped, but this time the drop was strong enough to reach 56,500 and form another support zone. If we look back, it formed a support zone before making its first zone around the end of February, so we can say that it's clearly a strong support zone.
So, what happened yesterday? BTC dropped to 58,500 and formed another support zone with no previous support or backbone, just a random zone that retraced the prices, and BTC went up to 60,500. How is this possible? BTC has to reach 56,500 or near to it before going up. If it starts going back from that position, then the support is literally a castle made of wood that either catches fire or will be eaten by termites.
This is just information I provided. There is no prediction or financial advice, just information that I see and feel like sharing with you.
(Please cast your vote after checking my posts on my pinned profile post).
SOL is encountering resistance at the 151.700 level once again. Historically, each rejection at this resistance level has led to a downward trend. Given the recent rejection, we may anticipate a pullback towards the 142-144 range. A successful break below the trend line could see it declining further to its golden level, which is between 132-136.
Please note, this is just my opinion and I recommend conducting your own analysis before taking any major steps.
If you're thinking that BAKE is going up and planning to take a long position to earn a lot of money, you're wrong. Let me tell you that the RSI index is currently around 60.57.
The limit is 70, and the highest it can go is 80. This means it might only go up to 0.3040, after which it will likely dump. If BAKE retreats from the 70 index, then 0.2950 is the region to watch.
If you open a long position as soon as it reaches the overbought zone, you're likely to suffer a loss.
Do Your Own Research (DYOR). This is just my analysis.
FetchAi (FET) is merging with Ocean Protocol (OCEAN) and SingularityNET (AGIX) starting July 1.
This merger will streamline AI protocols in two phases:
Phase 1: Integration and Rebranding
• Merge AGIX and OCEAN into FET. • Launch ASI token on major exchanges and data aggregators. • Delist AGIX and OCEAN, rebrand tokens, and halt their deposits.
Conversion rates: > 1 FET = 1 ASI > 1 OCEAN = 0.433226 ASI > 1 AGIX = 0.433350 ASI
Phase 2: Community Onboarding and Deployment
• Mid-July focus on community onboarding. • Deploy ASI across multiple blockchains. • Provide migration contracts for locked or staked tokens.
BAKE must not go down to 0.2650. If that happens, it may probably go straight to 0.2474, which means encountering another resistance. At this moment, we don't want any type of additional resistance. If it happens, it may ruin our targets. Why? Because if BAKE goes down to 0.2474, then whenever it goes up, it will face resistance at 0.2650, resulting in more waiting time to hit our targets. For now, the selling pressure is too high—even when BTC goes up, BAKE stays there, and when BTC goes down, BAKE goes down but not too low. Last night, it went down to 0.2474, but at that moment, we saw very high buying pressure that kept the price of BAKE in the consolidating area.
It's been almost 68 hours since $BAKE has been consolidating and seeking support at the 0.2650 level.
A few days ago, it reached 0.52, but since then, it has been slowly declining, eventually reaching 0.27 before starting to consolidate. I still believe that $BAKE is gaining strength and will soon move upward.
The possible targets are 0.33 and then 0.4. If it successfully breaks these levels, we may see it rise even further.
On May 11, 2020, the Bitcoin halving happened without triggering a bull run. BTC continued its usual patterns until January 9, 2021, when it started to rise, lifting altcoins with it. From January 9 to May 15, 2021, altcoins surged to new highs. However, on May 19, 2021, the market crashed, and fear spread, causing massive selling. The market cap of altcoins dropped from $2.47 trillion to $1.76 trillion, and by July, it fell to $1.24 trillion.
From July 20, 2021, Bitcoin began to climb to new highs, and by September, the altcoin market cap reached $2.32 trillion again. The momentum continued until November 13, when the market hit an all-time high of $2.97 trillion. After that, the market declined, dropping to $1 trillion by March 13. This cycle coincided with Bitcoin's halving season.
Analyzing Bitcoin prices, the last time BTC reached an all-time high, the RSI was very high, touching 90. After four years, it reached an ATH again with a similar RSI. The 2020 halving saw BTC rise to new highs, but it took about eight months for the bull run to start. So, while the bull run may have started, it's unrealistic to expect Bitcoin to quickly reach 80-100k. Influencers pushing these predictions are just seeking views.
Currently, BTC is at stake. It's going down, and I stand by my prediction. If it goes up, I'm wrong, but I still believe BTC will dump again. June 27th, 28th, and July 1st are critical days with upcoming news that will affect BTC. For now, BTC is declining, and there's a lot of uncertainty.
On March 5th, 2024, BTC dropped to 59,050 before going back and touching high levels. So it clearly became a sort of support line because, from back in March, it also retraced back to that line. Then, on May 1st and 2nd of this year, it again dropped, but this time the drop was strong enough to reach 56,500 and form another support zone. If we look back, it formed a support zone before making its first zone around the end of February, so we can say that it's clearly a strong support zone.
So, what happened yesterday? BTC dropped to 58,500 and formed another support zone with no previous support or backbone, just a random zone that retraced the prices, and BTC went up to 60,500. How is this possible? BTC has to reach 56,500 or near to it before going up. If it starts going back from that position, then the support is literally a castle made of wood that either catches fire or will be eaten by termites.
This is just information I provided. There is no prediction or financial advice, just information that I see and feel like sharing with you.
(Please cast your vote after checking my posts on my pinned profile post).