#BTCOutlook Bitcoin’s price has surged more than 140% in 2024, reaching the $100K milestone. The rally was driven by the launch of Bitcoin Spot ETFs and the reduced supply following the fourth halving event in 2024. The US presidential election victory of crypto-friendly candidate Donald Trump has further bolstered market sentiment for 2025. Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025. Bitcoin (BTC) price has surged more than 140% in 2024, reaching the $100K milestone in early December. The rally was driven by the launch of Bitcoin Spot Exchange Traded Funds (ETFs) in January and the reduced supply following the fourth halving event in April.
The beginning of the interest-rate cutting cycle by the US Federal Reserve (Fed) in September, followed by the victory of crypto-friendly candidate Donald Trump in the US presidential election in November, added further momentum. Technical analysis and expert insights within the crypto space support a bullish outlook for BTC, with price targets exceeding $200K by 2025.
Bitcoin in 2024: The year of the landmark $100K Bitcoin price grew over 140% in 2024, reaching a new all-time high (ATH) of $108,353 in mid-December. This remarkable increase above the $100K threshold and surpassing a $2 trillion market capitalization was significant for Bitcoin and the entire crypto markets.
#MarketPullback TECHNICAL ANALYSIS TECHNICAL ANALYSIS BASIC EDUCATION What Is a Pullback? A pullback is a brief decline or pause in a generally upward price trend of a stock or other asset. Investors who are confident that the pullback will be brief use it as a buying opportunity. A pullback can occur for many reasons, some of which are unrelated to the fundamentals of the stock.
Technical analysts, who track the price movements of stocks to establish trends, identify the "support level," or lowest price that a stock is likely to reach before buyers step back in. KEY TAKEAWAYS A pullback is a temporary reversal in the upward price trend of a stock or other investment. A pullback typically lasts only a few consecutive sessions. Pullbacks can provide an entry point for new investors when other technical indicators remain bullish. Investors can use limit orders or stop entry orders to take advantage of a pullback. What Is a Bitcoin Pullback? The most volatile assets tend to experience the most severe pullbacks. Cryptocurrency traders respond to the same pressures that influence stock traders, plus others that are unique to the cryptocurrency world. The price of a Bitcoin dropped more than 10% in the week that ended on Aug. 2, 2024. The same day, the Nasdaq closed at 10% below its record level, officially entering correction territory. 1
What Does a Pullback Tell You? A pullback is similar to a retracement or consolidation, and the terms are sometimes used interchangeably. The term pullback is usually applied to short-lived price declines—only a few consecutive sessions—before the uptrend resumes.
Pullbacks are widely seen as buying opportunities if the stock has been showing a generally upward price movement.
#BTCNextMove Future Bitcoin Prediction HOME / ANALYSIS / CRYPTO / TECHNICAL ANALYSIS / BITCOIN (BTC) PRICE CORRECTS 10% SINCE ALL-TIME HIGH – DIPS UNDER $100,000 TECHNICAL ANALYSIS 4 MIN READ Bitcoin (BTC) Price Corrects 10% Since All-Time High – Dips Under $100,000 Is Bitcoin's Bullish Trend Over? | Credit: Derek Fenech
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Bitcoin (BTC) has fallen over 10% since its all-time high. The Bitcoin price is creating a bearish weekly candlestick. Is this the end of the bullish cycle or just a short-term drop? Bitcoin’s price has fallen since its all-time high of $108,353 on Dec. 17. The price fell by 8% from Dec. 18 to 10, culminating in a low of $95,700.
The Bitcoin correction may have been aided by record daily outflows of $680 million from Bitcoin Exchange-Traded Funds.
Interestingly, previous outflows were led by Grayscale, but this time around, eight different ETFs sold.
Is this the end of Bitcoin’s bull run, or just a short-term retracement on the road to higher highs? Let’s find out.
YOU MAY ALSO LIKE CRYPTO PEPE Price Sheds 30% After All-Time High — Cycle Top Could Be Near CRYPTO Toncoin Price Tests Key $5 Support — Breakdown Could Trigger a 30% Plunge CRYPTO Raydium (RAY) Corrects After Yearly Peak but Another Upside Move Likely ADVERTISMENT Bitcoin Price Dips The BTC price has increased by 120% since Aug. 5, culminating in a new all-time high of $108,100 on Dec. 16.
The upward movement accelerated once the price broke out from a long-term descending parallel channel in November.
The channel existed for 217 days, while the upward movement lasted for 63 days.
When measuring the entire drop since the all-time high, Bitcoin’s high was at the 1.61 external Fibonacci retracement level. This is a likely area for a top.
Additionally, technical indicators show some weakness. The Relative Strength Index (RSI) has generated bearish divergence in oversold territory. $BTC
#MarketCorrectionBuyOrHODL HOME MARKETS 5 charts signaling a stock market correction in the first quarter of 2025. Plus, when to take profits. Laila Maidan Dec 17, 2024, 11:19 PM GMT+5:45
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Save Read in app Wall street bull Getty Images; Jenny Chang-Rodriguez/BI The stock market is closing the year with the Santa Claus rally. Helene Meisler predicts a market correction in early 2025 due to bullish sentiment. Indicators like the McClellan Summation Index show a slowdown despite current optimism. Market rallies have been the theme for 2024. And the year is not over yet.
As we enter the final quarter, we're on schedule to wrap it up with the highly anticipated Santa Claus rally, a historically observed rise in stock prices that usually takes effect around December 25 and lasts for about a week.
This year, that short rally may be an opportunity to take some profits, according to a four-decade Wall Street veteran and chart master Helene Meisler, who says all roads are leading to a correction in the first quarter of 2025.
She points to two key methods that help her gauge where the market may be headed. One is sentiment, and when it's overly bullish, it could indicate a coming reversal. The other is stock market signals that are already flashing a slowdown.
For Meisler, insight for the former can be found in the Investor's Intelligence Bulls and Bears indicator, which pulls newsletter writers' insights based on weekly polls that show attitudes toward the market. As of Sunday, the indicator showed 63% of respondents are bullish.
"Sentiment is a little out of control on the upside; almost every single sentiment indicator I have is showing so many bulls," Meisler said.
The chart below shows the ratio between bulls to bears sits at 3.9. Anything above 3 means extreme optimism and potentially an overbought market. Historically, readings over 4 tend to signal areas where the market begins to reverse, entering a correction, she noted.
#CryptoUsersHit18M milestone achievement! Reaching 18 million crypto users is a significant landmark, demonstrating the growing adoption and interest in cryptocurrencies worldwide. This milestone reflects the increasing recognition of cryptocurrencies as a viable asset class, as well as the expanding ecosystem of blockchain-based applications and services. Key factors contributing to this growth include: 1. Improved awareness and education about cryptocurrencies ❤️❤️ 2. Enhancements in user experience and accessibility. 3. Growing institutional investment and mainstream acceptance.❤️❤️ 4. Expanding use cases for cryptocurrencies, such as DeFi, NFTs, and gaming. As the crypto community continues to grow, it's essential to prioritize education, security, and regulatory compliance to ensure a safe and sustainable ecosystem for all users. What do you think is driving the growth of the crypto community, Please answer in comments.
#MarketNewHype The crypto market is experiencing a surge in activity, marked by Bitcoin's recovery above $91,000 and the total market capitalization reaching a new all-time high of $3.14 trillion. This rally is driven by strong buyer interest, with Bitcoin dominating at 60.2% of the market share. Altcoins, however, show more modest gains, and meme tokens like DOGE, SHIB, and PEPE have seen significant increases, with their combined market valuation exceeding $117 billion. Additionally, the newly launched HYPE token by Hyperliquid has gained over 200% in value since its release, now valued at $12.30. Its decentralized nature and features like staking and a deflationary model have contributed to its popularity, alongside a $12 billion fully diluted valuation.
#BTCReclaims101K Bitcoin (BTC) price crash on December 9 triggered one of the most massive liquidation events of the year. Roughly $1.7 billion worth of crypto positions were liquidated, leaving altcoins in the dust. Will Bitcoin recover from here or crash lower?
In this article, let’s take a look at technicals, futures data and on-chain metrics to see what Bitcoin might do next. Before that, let’s explore why Bitcoin crashed.
Why Bitcoin Crashed? Will BTC Slide Lower? During a raging bull run, the leverage present in the ecosystem climbs higher. This is true even in the traditional markets. With cryptocurrencies, this is dialied up to an eleven. As a result, when Bitcoin price slide 6% on late Monday, it caused altcoins to hemmorhage, triggering a flurry of liquidations due to the massive leverage. As a result of this cascade, the total liquidation reached a whopping $1.7 billion, according to data from CoinGlass.
Crypto Market Liquidations Hit $1.7B on December 9 Crypto Market Liquidations Hit $1.7B on December 9 The leverage is one of the key drivers of such a massive crash and liquidation event. However, Google’s announcement of Willow, a quantum chip, could have also added some tailwind to the crash, some speculate.
While Google’s new chip has made a huge step in advancing quantum chips, it is still far away from being a threat to Bitcoin’s encryption. Kevin Rose, former Google employee added,
“Google’s Willow chip, while a significant advancement, comprises 105 qubits. We have a ways to go… Nonetheless, this is a remarkable leap forward in quantum computing”
Bitcoin Price Analysis: Will BTC Recover? Bitcoin’s four-week upsloping consolidation ended on December 9 after a 6.35% crash. This crash, albiet small, breached the inclined trend line, signaling an end to the consolidation and a potential start to the downtrend.
CryptoCouple Dec 3 How Was Your Year in Crypto? 2024 With Binance
As the year draws to a close, it's time to reflect on My journey in the world of crypto during 2024. This year has been nothing short of revolutionary, with the crypto landscape evolving at lightning speed. Whether I seasoned trader, a DeFi enthusiast, or a newcomer, Binance has been my trusted companion throughout this transformative year. Let’s take a look back at the highlights, challenges, and milestones that defined my crypto journey in 2024.
1. Riding the Market Waves
From bullish rallies to unexpected dips, the crypto market kept us all on our toes. Bitcoin and Ethereum reached new milestones, while emerging altcoins made waves. Binance’s advanced trading tools and educational resources helped me to navigate these fluctuations, empowering to seize opportunities and manage risks effectively.
2. Embracing Innovation
2024 was the year of groundbreaking innovations. From the rise of zkEVMs to major strides in blockchain scalability, the crypto space saw incredible technological advancements. Binance was at the forefront, introducing new features like enhanced staking options, cross-chain bridges, and support for cutting-edge protocols. These tools made it easier than ever for users to engage with the latest developments.
3. Building Passive Income
DeFi and staking continued to be key trends, and Binance made it simple for users to earn passive income. With high-yield staking pools and liquidity farming options, many users unlocked new streams of revenue, contributing to the broader decentralization of finance.
As the year draws to a close, it's time to reflect on My journey in the world of crypto during 2024. This year has been nothing short of revolutionary, with the crypto landscape evolving at lightning speed. Whether I seasoned trader, a DeFi enthusiast, or a newcomer, Binance has been my trusted companion throughout this transformative year. Let’s take a look back at the highlights, challenges, and milestones that defined my crypto journey in 2024.
1. Riding the Market Waves
From bullish rallies to unexpected dips, the crypto market kept us all on our toes. Bitcoin and Ethereum reached new milestones, while emerging altcoins made waves. Binance’s advanced trading tools and educational resources helped me to navigate these fluctuations, empowering to seize opportunities and manage risks effectively.
2. Embracing Innovation
2024 was the year of groundbreaking innovations. From the rise of zkEVMs to major strides in blockchain scalability, the crypto space saw incredible technological advancements. Binance was at the forefront, introducing new features like enhanced staking options, cross-chain bridges, and support for cutting-edge protocols. These tools made it easier than ever for users to engage with the latest developments. #2024withBinance
Last night, there was a coup in South Korea. Yoon Seok-yeol suddenly announced the implementation of a national emergency martial law without any warning. What is the martial law in South Korea? It is a national military mobilization generally implemented after an emergency such as a foreign invasion or natural disaster. But why did Yoon Seok-yeol launch a coup? Yoon Seok-yeol accused the opposition Democratic Party of engaging in anti-state activities, planning rebellion and aiding North Korea. Currently, the South Korean parliament is controlled by the Democratic Party and the opposition. Since the appointment of all cabinet ministers and the passage of the fiscal budget do not require the approval of the parliament, the parliament has obstructed Yoon Seok-yeol's personnel appointments and financial requests in every possible way, which is the fuse of this incident. Yoon Seok-yeol's People's Power Party and the opposition Democratic Party are in a deadlock over next year's budget plan. Under the threat of paralysis of his own power, Yoon Seok-yeol got excited and played a big game. The president launched a military coup himself. Yoon Seok-yeol said that in the one-party Democratic Party National Association Congress Vision State, he would eliminate anti-state forces in South Korea in one fell swoop. Immediately, South Korean Army General Park An-joo was appointed as the commander of martial law. Park An-joo said that all South Korean media will be subject to military censorship. South Korea prohibits all political activities, political associations, assemblies and demonstrations, and the activities of the National Assembly, local councils and political parties. All medical personnel must return to work within 48 hours, and Within an hour of the South Korean army declaring martial law, the army and lawmakers and the public confronted each other in the National Assembly. The most difficult thing is that Yoon Seok-yeol did not even cut off the network cable when he was doing things. #2024withBinance
The Ethereum price is holding strong at $3,361.31, reaffirming its position as the second-largest cryptocurrency with a market cap of over $373 billion. Analysts remain bullish on the Ethereum price, predicting that it could surpass its all-time high of $4,891.70 achieved in November 2021.
Factors like the growing adoption of decentralized applications and institutional interest in Ethereum (ETH) as a store of value could drive demand and inflate the Ethereum prices. However, with the Ethereum price currently struggling, whales are not placing their bets on the altcoin. Instead, they are eyeing opportunities for unparalleled returns in the promising presale of the WallitIQ (WLTQ) token.
READ MORE Most promising Crypto Presales with High Potential 2024-2030
Conclusion
While the XRP price and the Ethereum price continue to soar, whales are strategically moving into WallitIQ (WLTQ), drawn by its unmatched potential for 50,000x gains by 2025. With an irresistible presale at a discounted price of $0.0171, WallitIQ (WLTQ) is poised to dominate the next crypto bull run. Now is the time to join the WallitIQ (WLTQ) presale and position for massive returns very soon!
Ethereum Price To See Solid Growth Trajectory The Ethereum price is holding strong at $3,361.31, reaffirming its position as the second-largest cryptocurrency with a market cap of over $373 billion. Analysts remain bullish on the Ethereum price, predicting that it could surpass its all-time high of $4,891.70 achieved in November 2021.
Factors like the growing adoption of decentralized applications and institutional interest in Ethereum (ETH) as a store of value could drive demand and inflate the Ethereum prices. However, with the Ethereum price currently struggling, whales are not placing their bets on the altcoin. Instead, they are eyeing opportunities for unparalleled returns in the promising presale of the WallitIQ (WLTQ) token.
READ MORE Most promising Crypto Presales with High Potential 2024-2030 Conclusion While the XRP price and the Ethereum price continue to soar, whales are strategically moving into WallitIQ (WLTQ), drawn by its unmatched potential for 50,000x gains by 2025. With an irresistible presale at a discounted price of $0.0171, WallitIQ (WLTQ) is poised to dominate the next crypto bull run. $ETH
7 hours 200 times, is GameFi + AI becoming a new hype target?
BlockBeats Ai has been booming, with various cryptocurrencies emerging, especially meme coins on Solana, which have seen a surge in popularity. Meanwhile, the ecosystem on Base is also gradually coming to the forefront, with new projects and tokens continuously gaining traction, marking a carnival of the bull market. Amid this trend, today Rps surged to a market cap of 480M in just five hours, with a staggering 500-fold increase, while Mona's price skyrocketed to 26M after a clarification following a mishap, with a low point increasing by 130 times.
As the ecosystems of platforms like Solana and Base continue to expand, this feast of meme coins is just beginning. What new stars worth attention will emerge in the future?
GameFi + AI
LIMBO
LIMBO is the first star of Limboverse, combining GameFi and AI, launched by mike mrkite on Twitch. Mike mrkite, who previously worked at Nintendo and SEGA, is the co-founder of LimboAI. LIMBO merges Western and Eastern styles with AI robots simulating outer space stars. Its rapid growth is attributed to many believing it to be a VC-backed meme coin, and unlike traditional VC coins, LIMBO's promotional images appear very simple.
Highest Market Cap: 41.07M
Current Market Cap: 22.25M
24h Trading Volume: 78.4M
Highest Profit at 12AM Today (GMT+8): 5614.29%; Current Profit: 2614.29%
Rps
The name Rps is inspired by the familiar game "Rock Paper Scissors," which is an abbreviation of Rocky, Papery, and Scissory. The token belongs to a PVP (Player vs Player) game on the Solana blockchain, entering an exciting GameFi world where players can battle against each other, play to earn, with a market cap reaching 480M in just five hours, and a 500-fold increase.
#ThanksgivingBTCMoves The Bitcoin price spiked above $97,000 in the early hours of Thanksgiving as the world’s largest cryptocurrency looked to mount another charge toward the $100,000 milestone.
U.S. markets may be closed Thursday as Americans enjoy the holiday, but crypto trading never stops. The digital asset was showing some of its trademark volatility as it jumped to $97,336 overnight from a 24-hour low of $92,900 late Wednesday afternoon.
Bitcoin’s march toward the key six-figure level was halted once again, though, as it slipped back to $95,402 Thursday morning.
XS.com analyst Rania Gule said there has been a “clear decline in institutional demand,” which, along with long-term holders taking profits, could signal continued volatility.
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded outflows of $123 million on Tuesday and $435 million on Monday, according to crypto data firm CoinGlass. The ETFs returned net inflows of $103 million Wednesday, though—suggesting an uptick in demand.
As US markets closed for Thanksgiving Day, the largest cryptocurrency on the market, Bitcoin (BTC), recovered the $96,000 mark, inching closer to its all-time high of $99,500 and the much-coveted $100,000 milestone.
Analysts Skeptical Of Sustaining Momentum Toward $100,000
Recent fluctuations in Bitcoin’s price have been attributed to a combination of profit-taking by long-term holders and broader market dynamics. As noted by Andre Dragosch, head of research for Europe at Bitwise, significant amounts of Bitcoin have been distributed into the recent rally, leading to increased supply.
Despite the recent rally, some strategists remain cautious about Bitcoin’s ability to break through the $100,000 barrier. David Morrison, a senior market analyst at Trade Nation, remarked that this psychological threshold seems to have become a formidable hurdle for further price gains.
The sentiment among some market participants suggests that Bitcoin’s recent surge may create a “false sense of security,” as highlighted by George Milling-Stanley, chief gold strategist at State Street Global Advisors. $BTC
#AltcoinMomentum Bitcoin continues to struggle at the critical $100,000 mark, prompting a notable shift in investor attention towards altcoins. Recent trading activity has seen a resurgence in tokens that experienced significant gains during the 2021 bull run, particularly metaverse tokens like Decentraland and Sandbox, which have reported increased trade volumes on platforms such as Upbit.On Friday, November 20, Bitcoin narrowly missed the $100,000 threshold by less than $500, subsequently dropping nearly 5% to $95,719 by November 28. This decline coincides with substantial capital withdrawals from Bitcoin exchange-traded funds (ETFs), with $435.3 million in outflows reported on Monday and an additional $122.8 million on Tuesday, according to data from Farside Investors.
As Bitcoin consolidates, institutional investors are increasingly diverting their focus to Ethereum and other altcoins with the potential for higher returns.
$BNB Here is a table with price predictions for Binance Coin (BNB) for the years 2024-2030, 2040 and 2050.
Year Average Price* Percent Increase 2024 $541.04 -% 2025 $999.38 84.71% 2026 $1,480.33 -99.90% 2027 $2,175.42 100.00% 2028 $3,213.92 50.00% 2029 $4,545.17 33.33% 2030 $6,605.04 50.00% 2031 $9,879.38 50.00% 2032 $14,507.38 55.56% 2033 $20,696 42.86% 2040 $83,918.38 315.00% 2050 $197,076 137.35% ***Note that these are forecasts sourced from Changelly and average prices are subject to changes. What Is Binance Coin (BNB)? Binance Coin is used to power the Binance exchange. It primarily serves as a way to convert between cryptocurrencies. Users can trade hundreds of tokens in pairs with the BNB token. Additionally, the token can be used to pay lower fees, loans, payments and travel arrangements. It launched on the Ethereum chain in 2017, but once the Binance Smart Chain was created, the token was moved over and currently trades on BSC.
Binance also uses one-fifth of profits each quarter to buy back BNB tokens and burn them. This can put upward pressure on the price and can mean that BNB’s performance is correlated with the performance of Binance as a whole.
Will BNB Go Past All-Time Highs? BNB has reached a new all-time high last Jun. 6, 2024 when it went as high as $720.67. BNB’s previous high of over $690 was set in May 2021. The token has performed well year to date but has lost around 11% of its value since its ATH. While it's certainly possible for BNB to reach another ATH in the future, investors should be cautious and consider the various factors that could influence the timeline for this milestone. Additionally, BNB has largely benefited from a handful of new meme coins that have taken off in popularity. If new meme coins continue to show up and Binance continues offering them, there is room for BNB to continue going up. $BNB
#MarketBuyOrHold? As of November 27, 2024, BNB is trading at approximately $621.42, with a market capitalization of $90.23 billion, according to CoinGecko.
When it comes to price predictions, opinions vary.
Analysts from Binance suggest that BNB could reach $688.53 by 2025 and potentially climb to $827.71 by 2030.
Other analysts, like those from Changelly, are focusing on the shorter term, predicting a bump of about 7.21% to $661.42 by the end of November 2024.
A big part of BNB’s strength comes from how deeply tied it is to the Binance ecosystem. The token plays a central role in reducing trading fees, enabling staking, and allowing participation in token sales.
Add to that Binance’s token burn mechanism, where they regularly remove BNB from circulation, and you’ve got a system designed to boost the token’s value over time.
However, there are challenges in the regulatory landscape.
The company recently got hit with a hefty $4.3 billion fine in the U.S. for violations of anti-money-laundering requirements, which has raised concerns among investors about the potential impact on Binance’s operations and, by extension, BNB’s value.
Market sentiment also plays a big role in BNB’s valuation. Broader cryptocurrency trends, including Bitcoin’s performance and global economic conditions, influence investor confidence in the token.
Despite the inherent volatility of the crypto market, BNB’s association with Binance, one of the largest exchanges in the world, provides it with a level of credibility and stability.
So, is BNB the safest bet in crypto? That’s a tough one to call.
On one hand, the token benefits from its connection to an established platform and its wide range of use cases within the Binance ecosystem.
On the other hand, regulatory challenges and the inherent unpredictability of the cryptocurrency market present risks that cannot be overlooked.
#BounceBit BounceBit is a middleware protocol built on top of the Bitcoin asset class, advancing a significant network expansion through a cryptoeconomic effort known as restaking. BounceBit builds the bridge between CeFi and DeFi Roadmap BounceBit’s roadmap is structured towards the BounceBit Mainnet Launch in April, coinciding with the Bitcoin halving. There will be plenty of campaigns leading up to and on the day of launch of both Testnet and Mainnet, distributing points and BounceBox access. Additionally, an insurance fund will be launched with Mainnet, to backstop any losses due to normal market operation incurred under premium yield generation employing market-neutral strategies. Enjoy
#BounceBit BounceBit is a middleware protocol built on top of the Bitcoin asset class, advancing a significant network expansion through a cryptoeconomic effort known as restaking. BounceBit builds the bridge between CeFi and DeFi Roadmap BounceBit’s roadmap is structured towards the BounceBit Mainnet Launch in April, coinciding with the Bitcoin halving. There will be plenty of campaigns leading up to and on the day of launch of both Testnet and Mainnet, distributing points and BounceBox access. Additionally, an insurance fund will be launched with Mainnet, to backstop any losses due to normal market operation incurred under premium yield generation employing market-neutral strategies. #Enjoy Giveaway
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