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A PERFECT STORM OF BULLISH FACTORS
🐂🐂 #bulllish
Several converging trends could be forming a perfect storm to boost Bitcoin's price in the weeks ahead. For starters, as we've discussed previously, the much-anticipated approval of the first US Bitcoin spot ETF is looking increasingly likely to happen very soon. Knowing the historical impact similar catalysts have provided liquidity and demand shocks to the market, it's easy to see why this is fueling bullish bets.
Secondly, the tide seems to be turning on a broader macro level as well. Signs point to global central banks shifting toward more accommodative monetary policies. With recession fears still lurking, easy money will likely flow back toward risk assets- Bitcoin fits that profile.
Perhaps adding further fuel to the flames is the surging price of gold, a traditional haven. The precious metal just hit a record high, suggesting panicked investors are seeking alternatives to turbulent traditional markets. Could crypto be starting to fulfill its promise as "digital gold"? The charts may indicate so.
🐂🐂 #bulllish
Several converging trends could be forming a perfect storm to boost Bitcoin's price in the weeks ahead. For starters, as we've discussed previously, the much-anticipated approval of the first US Bitcoin spot ETF is looking increasingly likely to happen very soon. Knowing the historical impact similar catalysts have provided liquidity and demand shocks to the market, it's easy to see why this is fueling bullish bets.
Secondly, the tide seems to be turning on a broader macro level as well. Signs point to global central banks shifting toward more accommodative monetary policies. With recession fears still lurking, easy money will likely flow back toward risk assets- Bitcoin fits that profile.
Perhaps adding further fuel to the flames is the surging price of gold, a traditional haven. The precious metal just hit a record high, suggesting panicked investors are seeking alternatives to turbulent traditional markets. Could crypto be starting to fulfill its promise as "digital gold"? The charts may indicate so.
BITCOIN TAPS $39K, MICROSTRATEGY BUYS $600M WORTH OF BTC, MARKET REMAINS CALM: THIS WEEK’S CRYPTO RECAP
#bulllish
The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let’s dive into what happened over the past week.
Bitcoin’s bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past seven days, with most of it coming in the last 24 hours. BTC’s price soared toward $39K today (Friday) – a price that’s not seen since last year.
Bitcoin’s dominance also increased by some 0.2% over the same period. This is the metric people use to gauge BTC’s share relative to that of the rest of the market. When it’s on the rise, it means that the primary cryptocurrency is outperforming the entire altcoin market. That’s what seems to be happening in the last seven days.
Speaking of the altcoin market, the results are somewhat mixed. Ethereum is down 1.1% in the last week and it’s trading at $2,078. BNB and XRP are charting declines of around 2%, while the best-performing cryptocurrency from the top 10 (by market cap) is Solana (SOL), which is up 4.1% and is trading above $60 at the time of this writing.
News-wise, the week was relatively calm compared to the previous ones, which had to deal with the fallout of the deal between Binance and the US Department of Justice. The market seems to have priced the news in already.
Nevertheless, MicroStrategy didn’t fail to surprise the community. The company, spearheaded by one of Bitcoin’s most vocal proponents – Michael Saylor – bought another $600M worth of BTC.
Entering December, the market seems heated. It’s very interesting to see what the days ahead of us have in store and whether BTC will continue increasing or it will correct.
#bulllish
The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let’s dive into what happened over the past week.
Bitcoin’s bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past seven days, with most of it coming in the last 24 hours. BTC’s price soared toward $39K today (Friday) – a price that’s not seen since last year.
Bitcoin’s dominance also increased by some 0.2% over the same period. This is the metric people use to gauge BTC’s share relative to that of the rest of the market. When it’s on the rise, it means that the primary cryptocurrency is outperforming the entire altcoin market. That’s what seems to be happening in the last seven days.
Speaking of the altcoin market, the results are somewhat mixed. Ethereum is down 1.1% in the last week and it’s trading at $2,078. BNB and XRP are charting declines of around 2%, while the best-performing cryptocurrency from the top 10 (by market cap) is Solana (SOL), which is up 4.1% and is trading above $60 at the time of this writing.
News-wise, the week was relatively calm compared to the previous ones, which had to deal with the fallout of the deal between Binance and the US Department of Justice. The market seems to have priced the news in already.
Nevertheless, MicroStrategy didn’t fail to surprise the community. The company, spearheaded by one of Bitcoin’s most vocal proponents – Michael Saylor – bought another $600M worth of BTC.
Entering December, the market seems heated. It’s very interesting to see what the days ahead of us have in store and whether BTC will continue increasing or it will correct.
Bitcoin hits $40k for the first time in 19 months, forecast to hit $125k by 2024.
Bitcoin has hit a high of $40k in 19 months, and Matrixport predicts it will continue to rise well into the year ahead.
In a note dated November 30, Matrixport predicted that Bitcoin will reach over $60,000 by April next year and $125,000 by the end of 2024.
#BTC $BTC #bulllish
Bitcoin has hit a high of $40k in 19 months, and Matrixport predicts it will continue to rise well into the year ahead.
In a note dated November 30, Matrixport predicted that Bitcoin will reach over $60,000 by April next year and $125,000 by the end of 2024.
#BTC $BTC #bulllish
I have a good feeling today!
$BTC has nearly tested the lower bound of the trend yesterday around $37500. I was expecting $37400, but ok.
Now $BTC is looking to rise to the range of $$38800.
Well good news is, if a real break from the trend occurs to the upside here, chances are high that we see 40k to 41k today!!
Have a good weekend y'all
#BTC #etf #bulllish
$BTC has nearly tested the lower bound of the trend yesterday around $37500. I was expecting $37400, but ok.
Now $BTC is looking to rise to the range of $$38800.
Well good news is, if a real break from the trend occurs to the upside here, chances are high that we see 40k to 41k today!!
Have a good weekend y'all
#BTC #etf #bulllish
MSTR VS BITCOIN PERFORMANCE
#bulllish
Bitcoin has been on a positive momentum for the last few weeks, driven by some events including the evolving anticipation for spot Bitcoin ETF approval from the United States SEC and the Federal Reserve’s decision to suspend interest rate hikes.
The leading cryptocurrency is stealthily approaching $40,000 and inching towards a new high for 2023. With its price of $38,792.97, the coin is now up 11% for the month
With the volume of BTC that MicroStrategy owns, the current market situation places the firm in an impressive position with profit enough to cover the senior convertible notes debt it has accrued as some of its BTC assets were purchased with the credit.
In addition, MicroStrategy’s MSTR is equally performing outstandingly well in the market. According to data from MarketWatch, the stock price is now valued at $529.98 with a 0.44% per its close on Friday. This improvement is another indication that Michael Saylor’s Bitcoin strategy is a good choice.
By a large margin, the coin’s stock has outperformed its peers since it adopted its Bitcoin strategy.
#bulllish
Bitcoin has been on a positive momentum for the last few weeks, driven by some events including the evolving anticipation for spot Bitcoin ETF approval from the United States SEC and the Federal Reserve’s decision to suspend interest rate hikes.
The leading cryptocurrency is stealthily approaching $40,000 and inching towards a new high for 2023. With its price of $38,792.97, the coin is now up 11% for the month
With the volume of BTC that MicroStrategy owns, the current market situation places the firm in an impressive position with profit enough to cover the senior convertible notes debt it has accrued as some of its BTC assets were purchased with the credit.
In addition, MicroStrategy’s MSTR is equally performing outstandingly well in the market. According to data from MarketWatch, the stock price is now valued at $529.98 with a 0.44% per its close on Friday. This improvement is another indication that Michael Saylor’s Bitcoin strategy is a good choice.
By a large margin, the coin’s stock has outperformed its peers since it adopted its Bitcoin strategy.
Xrp gotta break out #bulllish #XRPBreakout
Target1: .85
Target2: .95
Target3: 1dollar
Target4: 1.5dollar
#Pumping #XRPBullRun
Target1: .85
Target2: .95
Target3: 1dollar
Target4: 1.5dollar
#Pumping #XRPBullRun
#FRONT $FRONT
Team build multi-chain self-custody wallet
and my personal opinion is that the wallet is not bad.
CZ says he is interested in DeFi
They create their own chain and we go to the moon 🌝
Circulating supply 90.000.000 of FRONT
MAX supply 90.000.000 FRONT
Team burn 🔥 10.000.000 FRONT
Market cap is 35.000.000$
We need only 265.000.000$ to make X10
DWF Labs buy 799.000 FRONT
#cz #altcoins❗️#bulllish #bullrun #AltcoinTrends #wallet
Team build multi-chain self-custody wallet
and my personal opinion is that the wallet is not bad.
CZ says he is interested in DeFi
They create their own chain and we go to the moon 🌝
Circulating supply 90.000.000 of FRONT
MAX supply 90.000.000 FRONT
Team burn 🔥 10.000.000 FRONT
Market cap is 35.000.000$
We need only 265.000.000$ to make X10
DWF Labs buy 799.000 FRONT
#cz #altcoins❗️#bulllish #bullrun #AltcoinTrends #wallet
THESE ARE THIS WEEK’S TOP PERFORMERS WHILE BITCOIN (BTC) NEARED $40K (WEEKEND WATCH)
#BTC #bulllish
Bitcoin’s price initiated another leg up in the late hours of Saturday and jumped to its highest level in over a year and a half at almost $40,000.
Ethereum and Chainlink are among the best-performing larger-cap alts on a daily scale, with ETH standing above $2,150 and LINK trading north of $16.
BTC Neared $40K
It was less than a week ago – on Monday and Tuesday – when the primary cryptocurrency’s price performance was quite sluggish and underwhelming. The asset had dipped below $37,000 on a few occasions at that point, but then the bulls came out to play.
They pushed BTC north hard and it had added more than a grand within a day. After failing to overcome the $38,000 mark on its first attempt and trading below it mid-week, the cryptocurrency went on the offensive once more at the end of it.
This time, the bulls were more persistent and drove bitcoin to nearly $39,000 on Friday. Saturday started on a calmer note, but BTC spiked by another grand in the late hours and to just under $40,000 on several exchanges, leaving millions in liquidations.
As of now, bitcoin trades around $500 away from the $40,000 level. Its market capitalization has risen to over $770 billion, while its dominance over the alts stands still at 52%.
#BTC #bulllish
Bitcoin’s price initiated another leg up in the late hours of Saturday and jumped to its highest level in over a year and a half at almost $40,000.
Ethereum and Chainlink are among the best-performing larger-cap alts on a daily scale, with ETH standing above $2,150 and LINK trading north of $16.
BTC Neared $40K
It was less than a week ago – on Monday and Tuesday – when the primary cryptocurrency’s price performance was quite sluggish and underwhelming. The asset had dipped below $37,000 on a few occasions at that point, but then the bulls came out to play.
They pushed BTC north hard and it had added more than a grand within a day. After failing to overcome the $38,000 mark on its first attempt and trading below it mid-week, the cryptocurrency went on the offensive once more at the end of it.
This time, the bulls were more persistent and drove bitcoin to nearly $39,000 on Friday. Saturday started on a calmer note, but BTC spiked by another grand in the late hours and to just under $40,000 on several exchanges, leaving millions in liquidations.
As of now, bitcoin trades around $500 away from the $40,000 level. Its market capitalization has risen to over $770 billion, while its dominance over the alts stands still at 52%.
#bulllish Or #Bearish_momentum
Hello Everyone.
The $BTC update notes that #BTC has reached the expected support at $38k, coinciding with the Daily EMA100. Historically, touching the EMA100 has triggered a bounce, signaling a potential upcoming uptrend.
The anticipation is for a confirmed bounce, which could lead $BTC to test the $46k area. This analysis suggests a positive outlook based on historical patterns associated with the EMA100 support level. Traders may be monitoring for signs of this expected bounce as an indicator for potential upward movement in the Bitcoin price.
In the short timeframe, a candle close with volume above $40,800 is seen as confirmation for Bitcoin's upward movement. However, a failure to achieve this may signal potential downward pressure. Currently, Bitcoin is making attempts to move higher. On the downside, breaking the $38,000 support level is suggested as a critical point, with a potential target of $35,800 if this support is breached. Traders may closely watch these levels for signals on Bitcoin's direction.
A very short time frame gave BTC bearish momentum, so $BTC is likely to fall below 38920.
You can only use this analyse for your trade.
Thankyou for your ongoing support.
Hello Everyone.
The $BTC update notes that #BTC has reached the expected support at $38k, coinciding with the Daily EMA100. Historically, touching the EMA100 has triggered a bounce, signaling a potential upcoming uptrend.
The anticipation is for a confirmed bounce, which could lead $BTC to test the $46k area. This analysis suggests a positive outlook based on historical patterns associated with the EMA100 support level. Traders may be monitoring for signs of this expected bounce as an indicator for potential upward movement in the Bitcoin price.
In the short timeframe, a candle close with volume above $40,800 is seen as confirmation for Bitcoin's upward movement. However, a failure to achieve this may signal potential downward pressure. Currently, Bitcoin is making attempts to move higher. On the downside, breaking the $38,000 support level is suggested as a critical point, with a potential target of $35,800 if this support is breached. Traders may closely watch these levels for signals on Bitcoin's direction.
A very short time frame gave BTC bearish momentum, so $BTC is likely to fall below 38920.
You can only use this analyse for your trade.
Thankyou for your ongoing support.
Good morning fellas!!!!
This month will be extremely profitable soo..
$ETH NEAR TO $2600
$BNB NEAR TO $350
$SOL NEAR TO $92
$ADA NEAR TO $0.80
Get ready!!!!
This big down happens for a reason so people will zero the balance SO NOW ITS THE TIME NOW!!!
THANK ME LATTER
#cryptocurreny #bulllish
This month will be extremely profitable soo..
$ETH NEAR TO $2600
$BNB NEAR TO $350
$SOL NEAR TO $92
$ADA NEAR TO $0.80
Get ready!!!!
This big down happens for a reason so people will zero the balance SO NOW ITS THE TIME NOW!!!
THANK ME LATTER
#cryptocurreny #bulllish
BlackRock's Bold Move: Spot Ethereum ETF Filing Signals a New Era
In a groundbreaking move for the cryptocurrency world, BlackRock, the global investment giant, has officially submitted a filing for a spot Ethereum ETF with the U.S. Securities and Exchange Commission (SEC). This ETF, if granted approval, would closely track the price movements of Ethereum, the second-largest cryptocurrency in terms of market capitalization.This filing marks a pivotal moment for Ethereum, potentially opening doors to a broader spectrum of investors. BlackRock, with its unparalleled influence and vast investment portfolio, endorsing Ethereum could serve as a catalyst, indicating to other institutional investors that the cryptocurrency is a credible and worthwhile investment.While the SEC's approval is pending and remains uncertain, this move suggests a shifting attitude towards cryptocurrencies within regulatory bodies. The SEC, historically cautious about cryptocurrency ETFs due to concerns about market manipulation and investor protection, has shown signs of a more receptive stance recently.🪷$ETH $BTC $XRP #etf #cpi #crypto #bulllish #BullRun