Happy Thursday,
Upon examining the four charts, actually there is a fifth one. A common thread emerges, with Jerome Powell being a key figure shedding light on the situation. We are witnessing all-time highs across stocks, inflation, and cryptocurrency prices. A market correction seems imminent, likely to occur the next week for crypto.
This few days will reveal whether we will experience another surge (possibly the last before the Bitcoin halving) or if prices will stabilize at current price $66k-67k and then decline once the prominent ETFs cease their Bitcoin acquisitions. An analysis of their Bitcoin holdings relative to market capitalization indicates they possess sufficient Bitcoin for their investors. At present, BlackRock appears to be the sole significant buyer. If their purchasing halts, it remains to be seen who else might enter the market at these levels.
To encapsulate my above statement, my preliminary estimation suggests a slowdown during and after the Bitcoin halving, heralding a period of construction for blockchain enthusiasts. I project the next all-time high might occur in Q3 2025. Meanwhile, brace for a tumultuous journey ahead.
Although certain tokens may yield significant returns for a select few, one must consider the broader scenario. Market makers are potentially shaping the graph for future selling opportunities. Post-correction, an influx of investors is anticipated. It's crucial to be well-prepared for the ascent to Bitcoin's subsequent all-time high.
I wish us all the best of luck in navigating the forthcoming market dynamics.
Finally my predictions:
$BTC: 57,000 or lower by 25th March
$ETH : 2,800-3,000 by 25th March
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