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Bitcoin
- If you can’t handle a 20% dip, you don’t deserve a 1000% pump.
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If you missed #Bitcoin at $25,000 and $52,000, don't make the same mistake again. In this bull run, the 45 level on the Weekly RSI has been a strong support zone, marking the previous two local bottoms. The first test happened when BTC marked a low of $25,000. From there, the price pumped by 193% and reached $73,100. The second test happened when BTC marked a low of $52,500. From there, the price pumped by, 107% taking it to $109,400. The third test just happened, with Bitcoin marking a low of $76,600. If this RSI support holds and if it only reaches back till the falling trendline, we could see a 64% pump from here. That would also align with the 1.618 Fibonacci extension level, putting Bitcoin around the $128,000 mark.
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Altseason incoming.
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#Bitcoin Fear and Greed Index has reached Extreme Fear once again. If you look at the chart, every time the market hits Extreme Fear, we have seen a strong bounce in BTC. The last time the index dipped to Extreme Fear was in September 2024, when Bitcoin was trading at $54,000. Price pumped by +102% last time.
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Everyone’s glued to the 40X short whale’s moves. Funny how CT doesn’t care about a $500M+ guy outside crypto, but here, every trade looks like insider info. Crypto whales could be a degen, scammer, or just someone who got lucky with memecoins. Blindly following on-chain traders is how people get wrecked.
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#Ethereum - Unbiased Analysis ETH has one of the worst charts of all time. The price attempted to break above the range high of $4,000 three times in this cycle but failed. On the last rejection, price broke down even below the mid-range and is also trading below the upward-sloping trendline support coming from the cycle bottom. Two possible scenario : 1) Blue - The price continues downward as there is no major support left, potentially dropping back to the range low ($1,060). 2) Green - The price reclaims $2,500 and moves back to $4,000 for another breakout attempt. Technically speaking, the bearish scenario looks more likely. Even if you are an ETH perma bull, you would want to see at least the upwards sloping trendline reclaim before turning bullish again.
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