BitcoinPriceForecast
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CATHIE WOOD PREDICTS $BTC TO 1 MILLION đ€Ż Here Is Why đ
Cathie believes that Bitcoin's surge in the last months is not solely due to the ETFs but is also driven by a global trend of currency devaluation. In fact, governments' fiscal policies are pushing people towards Bitcoin as an hedge against devaluation and loss of purchasing power. This though is reinforced by historical events of financial crises. Wood sees Bitcoin as an insurance policy against unfavorable monetary policies and she predicts Bitcoin at 1 million before 2030
#BitcoinPriceForecast #bitcoinupdates #BitcoinReality #BTCATH
Cathie believes that Bitcoin's surge in the last months is not solely due to the ETFs but is also driven by a global trend of currency devaluation. In fact, governments' fiscal policies are pushing people towards Bitcoin as an hedge against devaluation and loss of purchasing power. This though is reinforced by historical events of financial crises. Wood sees Bitcoin as an insurance policy against unfavorable monetary policies and she predicts Bitcoin at 1 million before 2030
#BitcoinPriceForecast #bitcoinupdates #BitcoinReality #BTCATH
LIVEInnovAlain
--
Bullish
Think of $BTC as a long term exit from the current fiat currency system and not a âtradeâ to make more fiat đ
#BitcoinBlast #BTCanalysis #BitcoinTakeOver #learntoearn
#BitcoinBlast #BTCanalysis #BitcoinTakeOver #learntoearn
Bitcoin Halts At $41K As Traders Eye Fed Rate Decision; AVAX Flips Dogecoin As Altcoins Jump
Bitcoin remained steady around $41,000 after Monday's dramatic flush.Halt in BTC's momentum saw many altcoins jump, with DOT, ATOM, INJ, TIA among the biggest gainers.Market observers widely anticipate the Fed will pause rate hikes on Wednesday's FOMC meeting.
Bitcoin's [BTC] price stabilized around $41,000 Tuesday ahead of this year's last U.S. interest rate decision due Wednesday as crypto traders digested yesterday's major leverage flush and largest daily drawdown since mid-August.
The largest crypto asset recovered to $42,000 earlier in the day from yesterday's low of $40,200 before dipping to $40,600 in the U.S. afternoon hours. After paring some losses, BTC was changing hands at $41,300, slightly up 0.3% over the past 24 hours.
Ether [ETH], the second largest cryptocurrency, declined 1% during the same period, below $2,200.
While the momentum of the two leading cryptocurrencies slowed, many altcoins jumped through the day.
Native tokens of Polkadot [DOT], Cosmos [ATOM] and Injective [INJ] were among the best-performing crypto majors, gaining 10%-20% over the past 24 hours.
Avalanche [AVAX] overtook the popular dog-themed meme token dogecoin's [DOGE] market capitalization, gaining nearly 5% on the day and more than doubling its price in a month.
Recently launched blockchain data solution Celestia [TIA] surged 20% to a new all-time high as it announced that it will become an option for blockchain builders using Polygon's software tools to spin up new layer-2 networks atop Ethereum.
Venture capital-backed blockchain Aptos' token [APT] also rallied 16%, defying the release of over $200 million worth of previously locked-up tokens to its outstanding supply earlier today, according to Token.Unlocks.
The CoinDesk Market Index [CMI], which tracks a weighted basket of almost 200 digital assets, was up 1.2% over the past 24 hours.
The Federal Reserve, the central bank of the U.S., is widely expected to hold Fed fund rates steady at 5.25%-5.5%, concluding the Federal Open Market Committee (FOMC) meeting Wednesday as Consumer Price Index (CPI) inflation continued to edge lower in November.
"Disinflation is in full force and the latest round of CPI data for November 2023 is further proof that the trend is intact," Caleb Franzen, founder of Cubic Analytics posted on X.
Slowing inflation nudges the Fed to pause rate hikes Wednesday for the third consecutive occasion. At the same time, investors will monitor Fed Chair Jerome Powell's press conference for signs of potential rate cuts next year.
"It is commonly expected that a pause in rate hikes could be interpreted as a bullish signal for the market," Bitfinex analysts said in an emailed note. "Cryptocurrencies have previously experienced positive market movements following decisions by the Fed to keep interest rates steady."
BTC41004-1.43%
DOT6.757-5.62%
INJ24.524-8.38%
#BitcoinPriceForecast #BinanceTournament #BRC20
Bitcoin's [BTC] price stabilized around $41,000 Tuesday ahead of this year's last U.S. interest rate decision due Wednesday as crypto traders digested yesterday's major leverage flush and largest daily drawdown since mid-August.
The largest crypto asset recovered to $42,000 earlier in the day from yesterday's low of $40,200 before dipping to $40,600 in the U.S. afternoon hours. After paring some losses, BTC was changing hands at $41,300, slightly up 0.3% over the past 24 hours.
Ether [ETH], the second largest cryptocurrency, declined 1% during the same period, below $2,200.
While the momentum of the two leading cryptocurrencies slowed, many altcoins jumped through the day.
Native tokens of Polkadot [DOT], Cosmos [ATOM] and Injective [INJ] were among the best-performing crypto majors, gaining 10%-20% over the past 24 hours.
Avalanche [AVAX] overtook the popular dog-themed meme token dogecoin's [DOGE] market capitalization, gaining nearly 5% on the day and more than doubling its price in a month.
Recently launched blockchain data solution Celestia [TIA] surged 20% to a new all-time high as it announced that it will become an option for blockchain builders using Polygon's software tools to spin up new layer-2 networks atop Ethereum.
Venture capital-backed blockchain Aptos' token [APT] also rallied 16%, defying the release of over $200 million worth of previously locked-up tokens to its outstanding supply earlier today, according to Token.Unlocks.
The CoinDesk Market Index [CMI], which tracks a weighted basket of almost 200 digital assets, was up 1.2% over the past 24 hours.
The Federal Reserve, the central bank of the U.S., is widely expected to hold Fed fund rates steady at 5.25%-5.5%, concluding the Federal Open Market Committee (FOMC) meeting Wednesday as Consumer Price Index (CPI) inflation continued to edge lower in November.
"Disinflation is in full force and the latest round of CPI data for November 2023 is further proof that the trend is intact," Caleb Franzen, founder of Cubic Analytics posted on X.
Slowing inflation nudges the Fed to pause rate hikes Wednesday for the third consecutive occasion. At the same time, investors will monitor Fed Chair Jerome Powell's press conference for signs of potential rate cuts next year.
"It is commonly expected that a pause in rate hikes could be interpreted as a bullish signal for the market," Bitfinex analysts said in an emailed note. "Cryptocurrencies have previously experienced positive market movements following decisions by the Fed to keep interest rates steady."
BTC41004-1.43%
DOT6.757-5.62%
INJ24.524-8.38%
#BitcoinPriceForecast #BinanceTournament #BRC20
price milestone đ¶
Bitcoin ($BTC ) price is above $43,000
#BTCto40k #BTC.price.surpassed #BTC/Update: #BitcoinPriceForecast #BTCRising
Bitcoin ($BTC ) price is above $43,000
#BTCto40k #BTC.price.surpassed #BTC/Update: #BitcoinPriceForecast #BTCRising
Always remember !!
Never come in the trap of fake signals
Most of the new beginner trader goes in the trap of fake signals group where they loose all there capital .
Always research and do the technical analysis of your own and then only you start trading otherwise
instead of making profits you will become
fool đŻ
Be smart not fool â„ïž
#Write2Earn #TrendingTopic #BitcoinPrice2024 #BitcoinPriceForecast #BitcoinPrice2024 $BTC $ETH $BNB
Never come in the trap of fake signals
Most of the new beginner trader goes in the trap of fake signals group where they loose all there capital .
Always research and do the technical analysis of your own and then only you start trading otherwise
instead of making profits you will become
fool đŻ
Be smart not fool â„ïž
#Write2Earn #TrendingTopic #BitcoinPrice2024 #BitcoinPriceForecast #BitcoinPrice2024 $BTC $ETH $BNB
Bitcoin price action
The Bitcoin price has been on a tear, increasing by more than 16% to $44,529 on Dec. 5. This indicates that traders are rushing to buy Bitcoin as the price is expected to rise further. Short-term investors took a small profit, but Bitcoin stayed over $43,000.
At the time of writing, BTC was down 1.41% in the last 24 hours to $43,418.
According to crypto analyst Ali, the Bitcoin price sits on stable support at $42,700. This level is significant, as 642,000 wallets have bought 347,000 BTC here. Hence, if the $42,700 support breaks, all eyes will be on the $38,000 level as the next crucial area to watch.
On the other hand, should the bullish trend continue, Bitcoin might push toward the next major supply zone at $47,300, where 614,000 wallets hold 427,000 BTC.
#BitcoinPriceForecast #BinanceSquareAnalysis
The Bitcoin price has been on a tear, increasing by more than 16% to $44,529 on Dec. 5. This indicates that traders are rushing to buy Bitcoin as the price is expected to rise further. Short-term investors took a small profit, but Bitcoin stayed over $43,000.
At the time of writing, BTC was down 1.41% in the last 24 hours to $43,418.
According to crypto analyst Ali, the Bitcoin price sits on stable support at $42,700. This level is significant, as 642,000 wallets have bought 347,000 BTC here. Hence, if the $42,700 support breaks, all eyes will be on the $38,000 level as the next crucial area to watch.
On the other hand, should the bullish trend continue, Bitcoin might push toward the next major supply zone at $47,300, where 614,000 wallets hold 427,000 BTC.
#BitcoinPriceForecast #BinanceSquareAnalysis
đđđ Analysts Predict a $130K #BitcoinCycle Top by December 2025 đđđ
Crypto analyst CryptoCon and others are predicting a significant #bitcoinbullrun , with a cycle top of $130,000 in December 2025. This optimistic forecast is based on several factors, including:
1. Historical Trends: Bitcoin has historically experienced four-year cycles, each culminating in a parabolic price surge. The current cycle began in December 2023, aligning with this historical pattern.
2. On-Chain Analysis: On-chain metrics like increasing accumulation and decreasing selling pressure suggest that investors are accumulating Bitcoin in anticipation of a future price rise.
3. Macroeconomic Factors: The current economic climate, characterized by high inflation and low interest rates, makes alternative assets like cryptocurrency more appealing to investors.
4. Institutional Adoption: Large institutions are increasingly adopting and investing in Bitcoin, contributing to increased demand and pushing the price higher.
5. Technological Advancements: Developments like Layer-2 scaling solutions and the Ethereum Merge are enhancing the efficiency and scalability of blockchain networks, potentially attracting wider adoption and driving demand for Bitcoin.
However, it's important to acknowledge the inherent volatility of the cryptocurrency market. This prediction is based on current trends and forecasts, and unforeseen events or changes in market sentiment could significantly impact the price trajectory.
Here are some key takeaways:
- A prolonged bull run for Bitcoin is possible.
- Several factors are contributing to a potential price surge.
- The market remains volatile, and caution is advised.
- Always conduct your own research and invest responsibly.
Stay informed about market developments and follow trusted analysts for valuable insights to navigate the potential Bitcoin bull run effectively.
#BitcoinPriceForecast #Cryptocurrency.market #BinanceSquareBTC $BTC
Crypto analyst CryptoCon and others are predicting a significant #bitcoinbullrun , with a cycle top of $130,000 in December 2025. This optimistic forecast is based on several factors, including:
1. Historical Trends: Bitcoin has historically experienced four-year cycles, each culminating in a parabolic price surge. The current cycle began in December 2023, aligning with this historical pattern.
2. On-Chain Analysis: On-chain metrics like increasing accumulation and decreasing selling pressure suggest that investors are accumulating Bitcoin in anticipation of a future price rise.
3. Macroeconomic Factors: The current economic climate, characterized by high inflation and low interest rates, makes alternative assets like cryptocurrency more appealing to investors.
4. Institutional Adoption: Large institutions are increasingly adopting and investing in Bitcoin, contributing to increased demand and pushing the price higher.
5. Technological Advancements: Developments like Layer-2 scaling solutions and the Ethereum Merge are enhancing the efficiency and scalability of blockchain networks, potentially attracting wider adoption and driving demand for Bitcoin.
However, it's important to acknowledge the inherent volatility of the cryptocurrency market. This prediction is based on current trends and forecasts, and unforeseen events or changes in market sentiment could significantly impact the price trajectory.
Here are some key takeaways:
- A prolonged bull run for Bitcoin is possible.
- Several factors are contributing to a potential price surge.
- The market remains volatile, and caution is advised.
- Always conduct your own research and invest responsibly.
Stay informed about market developments and follow trusted analysts for valuable insights to navigate the potential Bitcoin bull run effectively.
#BitcoinPriceForecast #Cryptocurrency.market #BinanceSquareBTC $BTC
Bitcoin Price Prediction
Today CoinRoop.com Come with bitcoin price prediction read our below article to understand bitcoin price prediction
### Bitcoin Price Prediction for 2024
1. January
- Minimum Price: $52,480.63
- Average Price: $53,821.13
- Maximum Price: $55,161.63
2. February
- Minimum Price: $52,956.27
- Average Price: $55,113.95
- Maximum Price: $57,271.63
3. March
- Minimum Price: $60,964.58
- Average Price: $69,997.76
- Maximum Price: $79,030.94
4. April
- Minimum Price: $59,568.38
- Average Price: $78,524.92
- Maximum Price: $97,481.45
5. May
- Minimum Price: $74,360.64
- Average Price: $84,396.80
- Maximum Price: $94,432.95
6. June
- Minimum Price: $71,957.00
- Average Price: $81,397.00
- Maximum Price: $90,837.00
7. July
- Minimum Price: $63,269.80
- Average Price: $78,448.11
- Maximum Price: $93,626.42
8. August
- Minimum Price: $62,316.50
- Average Price: $65,659.17
- Maximum Price: $69,001.84
9. September
- Minimum Price: $60,817.42
- Average Price: $64,186.89
- Maximum Price: $67,556.36
10. October
- Minimum Price: $59,568.38
- Average Price: $78,524.92
- Maximum Price: $97,481.45
11. November
- Minimum Price: $74,360.64
- Average Price: $84,396.80
- Maximum Price: $94,432.95
12. December
- Minimum Price: $50,954.57
- Average Price: $68,431.88
- Maximum Price: $85,909.19
Below is a chart representing the predicted average price of Bitcoin for each month in 2024:
January | $53,821.13
February | $55,113.95
March | $69,997.76
April | $78,524.92
May | $84,396.80
June | $81,397.00
July | $78,448.11
August | $65,659.17
September | $64,186.89
October | $78,524.92
November | $84,396.80
December | $68,431.88
Summary
The prediction indicates that Bitcoin's price will experience fluctuations throughout the year, with the highest average price expected in May and November. The overall trend suggests a bullish market sentiment with potential growth in value.
Please note that these predictions are based on current market trends and analyses, and actual prices may vary. Always conduct your own research before making any investment decisions.#Bitcoinâ #BitcoinPriceForecast #bitcoin #BitcoinPriceUpdate $BTC
### Bitcoin Price Prediction for 2024
1. January
- Minimum Price: $52,480.63
- Average Price: $53,821.13
- Maximum Price: $55,161.63
2. February
- Minimum Price: $52,956.27
- Average Price: $55,113.95
- Maximum Price: $57,271.63
3. March
- Minimum Price: $60,964.58
- Average Price: $69,997.76
- Maximum Price: $79,030.94
4. April
- Minimum Price: $59,568.38
- Average Price: $78,524.92
- Maximum Price: $97,481.45
5. May
- Minimum Price: $74,360.64
- Average Price: $84,396.80
- Maximum Price: $94,432.95
6. June
- Minimum Price: $71,957.00
- Average Price: $81,397.00
- Maximum Price: $90,837.00
7. July
- Minimum Price: $63,269.80
- Average Price: $78,448.11
- Maximum Price: $93,626.42
8. August
- Minimum Price: $62,316.50
- Average Price: $65,659.17
- Maximum Price: $69,001.84
9. September
- Minimum Price: $60,817.42
- Average Price: $64,186.89
- Maximum Price: $67,556.36
10. October
- Minimum Price: $59,568.38
- Average Price: $78,524.92
- Maximum Price: $97,481.45
11. November
- Minimum Price: $74,360.64
- Average Price: $84,396.80
- Maximum Price: $94,432.95
12. December
- Minimum Price: $50,954.57
- Average Price: $68,431.88
- Maximum Price: $85,909.19
Below is a chart representing the predicted average price of Bitcoin for each month in 2024:
January | $53,821.13
February | $55,113.95
March | $69,997.76
April | $78,524.92
May | $84,396.80
June | $81,397.00
July | $78,448.11
August | $65,659.17
September | $64,186.89
October | $78,524.92
November | $84,396.80
December | $68,431.88
Summary
The prediction indicates that Bitcoin's price will experience fluctuations throughout the year, with the highest average price expected in May and November. The overall trend suggests a bullish market sentiment with potential growth in value.
Please note that these predictions are based on current market trends and analyses, and actual prices may vary. Always conduct your own research before making any investment decisions.#Bitcoinâ #BitcoinPriceForecast #bitcoin #BitcoinPriceUpdate $BTC
SICK! đ€Ż $BTC CLOSES ANOTHER GREEN MONTHLY CANDLE!đ„100k Next? đ
The end of Q1 (first quarter of the year) saw Bitcoin achieving its highest ever weekly, monthly and quarterly! The Market sentiment remains bullish while the Crypto Fear & Greed Index indicates "Extreme Greed" between traders. Although, I recommend to monitor the upcoming U.S. macroeconomic data and the behavior of long-term holders. In particular, I'll watch out at nonfarm payrolls (NFP, a key economic indicator that represents the total number of paid workers in the USA) and the speech from Fed Chair Powell. Previous weeks, Bitcoin experienced significant price surges while demonstrating resilience despite occasional setbacks. It's now important to see consistency in volumes to get out of the resistance of $69,000
Bullish Scenario đ
Bull Pennant on daily chart suggests a continuation of an upward trend with potential gains in the short term to $74,000. Then if we add the halving event and the constant inflows from institutional, by May/June, we may see BTC over 100k
Bearish Scenario đ»
Relative Strength Index (RSI) indicates that the market is overbought and as consequence may lead investors to sell and take profits. In fact, on-chain data shows a growth in realizing profits. This situation could bring consolidation or a correction in the short term
STAY TUNED!
#BitcoinPriceForecast #BitcoinPricePredictions #BitcoinHalving2024 #btcupdates
The end of Q1 (first quarter of the year) saw Bitcoin achieving its highest ever weekly, monthly and quarterly! The Market sentiment remains bullish while the Crypto Fear & Greed Index indicates "Extreme Greed" between traders. Although, I recommend to monitor the upcoming U.S. macroeconomic data and the behavior of long-term holders. In particular, I'll watch out at nonfarm payrolls (NFP, a key economic indicator that represents the total number of paid workers in the USA) and the speech from Fed Chair Powell. Previous weeks, Bitcoin experienced significant price surges while demonstrating resilience despite occasional setbacks. It's now important to see consistency in volumes to get out of the resistance of $69,000
Bullish Scenario đ
Bull Pennant on daily chart suggests a continuation of an upward trend with potential gains in the short term to $74,000. Then if we add the halving event and the constant inflows from institutional, by May/June, we may see BTC over 100k
Bearish Scenario đ»
Relative Strength Index (RSI) indicates that the market is overbought and as consequence may lead investors to sell and take profits. In fact, on-chain data shows a growth in realizing profits. This situation could bring consolidation or a correction in the short term
STAY TUNED!
#BitcoinPriceForecast #BitcoinPricePredictions #BitcoinHalving2024 #btcupdates
#bitcoinâïž Bull Run đ„đ„đ„ đâŻâŻWow
What a monthly close for $BTC .
It may have escaped some people's notice, but Bitcoin made a perfect monthly close above its ATH (B was just a fakeout) and is still in its parabola.
If only people knew that the best part of the bull run is yet to come.đđ„
â NOTE: Follow For More... to get free VIP Signals , Chart Analysis đš, and update news.
So you will not miss any signals or opportunity.đ°đ°
đ
đŒ Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. đ°
đ Thank me later. Don't miss out on this opportunity! đ
#BTCUSDT! #BitcoinPriceForecast #BullRunAhead #bullrun2024đđ
What a monthly close for $BTC .
It may have escaped some people's notice, but Bitcoin made a perfect monthly close above its ATH (B was just a fakeout) and is still in its parabola.
If only people knew that the best part of the bull run is yet to come.đđ„
â NOTE: Follow For More... to get free VIP Signals , Chart Analysis đš, and update news.
So you will not miss any signals or opportunity.đ°đ°
đ
đŒ Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. đ°
đ Thank me later. Don't miss out on this opportunity! đ
#BTCUSDT! #BitcoinPriceForecast #BullRunAhead #bullrun2024đđ
MASSIVE ALERT! đš $BTC Correction Was Inevitable! đ But What Really Happened? đ
The flash drop of Bitcoin is directly tied to the escalating economic uncertainty and the geopolitical tensions. In fact, today Iran attacked Israel and that impacted the entire crypto market. When geopolitical conflicts happen, many investors sell off and buy Gold. In fact, if you watch at at $PAXG (gold), it spiked up to $3300 in just couple of hours.
NOW, out there you will hear a lot of FUD news due to the recent events; BUT what I really recommend is to not panic and zoom out in such situations. Examine Bitcoin on a Monthly Time Frame and you will notice that dips like these aren't uncommon in its past. For example, on may 2021 BTC corrected by 40%. If the history repeats itself, then BTC may can reach S2 and S3 supports. Personally, I'll save most of the liquidity for S3 and S4.
DYOR AND STAY SAFE đ
#BitcoinAlert #BitcoinNews #BitcoinAnalysis #BitcoinPriceForecast
The flash drop of Bitcoin is directly tied to the escalating economic uncertainty and the geopolitical tensions. In fact, today Iran attacked Israel and that impacted the entire crypto market. When geopolitical conflicts happen, many investors sell off and buy Gold. In fact, if you watch at at $PAXG (gold), it spiked up to $3300 in just couple of hours.
NOW, out there you will hear a lot of FUD news due to the recent events; BUT what I really recommend is to not panic and zoom out in such situations. Examine Bitcoin on a Monthly Time Frame and you will notice that dips like these aren't uncommon in its past. For example, on may 2021 BTC corrected by 40%. If the history repeats itself, then BTC may can reach S2 and S3 supports. Personally, I'll save most of the liquidity for S3 and S4.
DYOR AND STAY SAFE đ
#BitcoinAlert #BitcoinNews #BitcoinAnalysis #BitcoinPriceForecast
#MetaFide CEO Predicts #bitcoinâïž to Hit $100K and Ethereum $4K by Year-End
Frank Speiser's Bitcoin and Ethereum Predictions on #Bloomberg TV
- On August 13, Frank Speiser, CEO of Metafide, discussed his predictions for Bitcoin and Ethereum during an interview with Tim Stenovec and Katie Greifeld on Bloomberg TV.
#BitcoinPriceForecast
- Speiser projected Bitcoin could reach $100,000 by the end of 2024, up from its current price of just under $60,000. He attributed this potential rise to increased demand from new market participants, including nation-states and spot ETFs.
- Nation-states might drive demand, potentially influenced by former President Trumpâs suggestion of a strategic Bitcoin reserve. Spot ETFs have consistently bought Bitcoin during price dips, maintaining market pressure. With Bitcoinâs fixed supply, the influx of new buyers and ongoing ETF purchases could push the price to $100,000, provided there are no major economic downturns.
Strategic Bitcoin Reserve
- Speiser elaborated on Trumpâs proposal for a strategic Bitcoin reserve, suggesting that Bitcoin could serve as a neutral alternative to traditional fiat currencies for international transactions. This shift could offer countries more flexibility in global politics.
Ethereum Price Forecast
- Speiser predicted Ethereum could hit $4,000 by year-end. He highlighted Ethereumâs nearing all-time high supply and limited new issuance as factors that could drive up the price. The introduction of spot Ethereum ETFs and Ethereum staking, which reduces the available supply, have increased market buying pressure and demand.
Metafideâs Role
- Speiser also touched on Metafideâs role in the crypto ecosystem. Metafide uses AI to provide blockchain ratings and market predictions, combining human insights with algorithms to forecast trends and support investor decisions.
Source - cryptoglobe.com
#BinanceSquareTrends
Frank Speiser's Bitcoin and Ethereum Predictions on #Bloomberg TV
- On August 13, Frank Speiser, CEO of Metafide, discussed his predictions for Bitcoin and Ethereum during an interview with Tim Stenovec and Katie Greifeld on Bloomberg TV.
#BitcoinPriceForecast
- Speiser projected Bitcoin could reach $100,000 by the end of 2024, up from its current price of just under $60,000. He attributed this potential rise to increased demand from new market participants, including nation-states and spot ETFs.
- Nation-states might drive demand, potentially influenced by former President Trumpâs suggestion of a strategic Bitcoin reserve. Spot ETFs have consistently bought Bitcoin during price dips, maintaining market pressure. With Bitcoinâs fixed supply, the influx of new buyers and ongoing ETF purchases could push the price to $100,000, provided there are no major economic downturns.
Strategic Bitcoin Reserve
- Speiser elaborated on Trumpâs proposal for a strategic Bitcoin reserve, suggesting that Bitcoin could serve as a neutral alternative to traditional fiat currencies for international transactions. This shift could offer countries more flexibility in global politics.
Ethereum Price Forecast
- Speiser predicted Ethereum could hit $4,000 by year-end. He highlighted Ethereumâs nearing all-time high supply and limited new issuance as factors that could drive up the price. The introduction of spot Ethereum ETFs and Ethereum staking, which reduces the available supply, have increased market buying pressure and demand.
Metafideâs Role
- Speiser also touched on Metafideâs role in the crypto ecosystem. Metafide uses AI to provide blockchain ratings and market predictions, combining human insights with algorithms to forecast trends and support investor decisions.
Source - cryptoglobe.com
#BinanceSquareTrends
WILL $BTC GO UP OR DOWN? đ€ Here The Direction! đ
If you are wondering which direction BTC is about to take, then there are few possible scenarios. Currently, Bitcoin price is sitting between the support S4 (62'800-64'000) and the Resistance R2 (65'500-66'000). As we can see on the chart, I have drawn one bullish direction and one bearish. To prioritize one of them, we will need to monitor volumes on Monday morning.
BEARISH DIRECTION đ»
With weak Monday volumes, I expect BTC to test S4. I'll may open a quick long position to speculate a retest of R1. From R1 I'll then short until S3. In case of strong selling scenario, I'll open a long position again at S2.
BULLISH DIRECTION đ
If Monday volumes are strong, R1 will act as a support and in that case I'll probably open a quick long position and take profit in TR (Trend Line). A retest of R1, specifically at 66'000, could be considered as a second chance to go long.
NOTE: I provided Area of Support Ranges, so it means that any opening position in that range is valid. In addition, the 2 scenario are discussed in a medium term frametime (few weeks).
PERSONALLY, a bearish scenario would provide a last chance to accumulate discounted altcoins. In fact they will be in a golden pocket range according to Fibonacci retracement.
#BitcoinAnalysis #BitcoinPriceForecast #BitcoinCorrection #BitcoinTrends
If you are wondering which direction BTC is about to take, then there are few possible scenarios. Currently, Bitcoin price is sitting between the support S4 (62'800-64'000) and the Resistance R2 (65'500-66'000). As we can see on the chart, I have drawn one bullish direction and one bearish. To prioritize one of them, we will need to monitor volumes on Monday morning.
BEARISH DIRECTION đ»
With weak Monday volumes, I expect BTC to test S4. I'll may open a quick long position to speculate a retest of R1. From R1 I'll then short until S3. In case of strong selling scenario, I'll open a long position again at S2.
BULLISH DIRECTION đ
If Monday volumes are strong, R1 will act as a support and in that case I'll probably open a quick long position and take profit in TR (Trend Line). A retest of R1, specifically at 66'000, could be considered as a second chance to go long.
NOTE: I provided Area of Support Ranges, so it means that any opening position in that range is valid. In addition, the 2 scenario are discussed in a medium term frametime (few weeks).
PERSONALLY, a bearish scenario would provide a last chance to accumulate discounted altcoins. In fact they will be in a golden pocket range according to Fibonacci retracement.
#BitcoinAnalysis #BitcoinPriceForecast #BitcoinCorrection #BitcoinTrends
đ Matrixport predicts that if historical patterns repeat, Bitcoin's price could reach $125,000 by the end of 2024, citing past halving cycles where BTC saw significant price increases. These cycles include a 186% rise in 2012, a 126% rise in 2016, and around 300% in 2020. The report suggests that miners tend to accumulate BTC before halving events, leading to increased scarcity and potential price growth. This forecast aligns closely with Standard Chartered's projection. đđ° #BitcoinPriceForecast