📈 Analysis and Prediction (BTC and ADA):

💪 BTC/USDT - The price has formed eight consecutive bullish weekly candles and reached a new yearly high of $44,700 last week. Despite closing the week above this range, the #btc price has significantly decreased this week, posing a threat to turning the previous breakthrough into a deviation. Cryptocurrency traders and analysts are bullish about the short-term BTC trend. Forecast: According to the most likely scenario within Elliott Wave analysis, #bitcoin is approaching the peak of the third wave within a five-wave bullish structure. Notably, the third wave is an extended one, with its sub-waves indicated in black on the chart. The estimated target for the peak of the third wave is $47,600, 15% above the current price. The target length of the fifth sub-wave was calculated by combining the lengths of the first and third sub-waves. Subsequently, BTC may start the corrective wave four. Bearish divergence on the RSI indicates that the upward movement is nearing its peak. Meanwhile, closing below the bullish breakthrough level at $38,000 would mean that the fourth wave has already begun. In this case, BTC could drop by almost 20% to the nearest support at $33,000.

🔄 ADA/USDT - On Monday, December 11, #ada formed a local bottom at $0.52 and bounced back to the Fibonacci (Fib) 0.382 correction level, which is around $0.61. Despite the initial failure to overcome this resistance, Cardano's medium-term outlook remains bullish. Since October, ADA has gained over 170%. The divergence-convergence histogram on the monthly chart shows growth, and the MACD lines are forming a bullish crossover. The Relative Strength Index (RSI) is in neutral territory. Additionally, the ADA price successfully broke through the 50-month resistance level created by the exponential moving average (EMA) at $0.44. It now acts as support for Cardano.

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