Is the Bitcoin bull run over? Where will the trend go?
Market prices are jumping back and forth, is the bull market over? The answer is no! Bitcoin 200-week moving average heat map
Historically, in every bull and bear cycle.
When we see the orange and red dots assigned to the price chart, it is a good time to sell Bitcoin because the market is overheated and the bull market has peaked. The periods when the price point is purple and close to the 200-week MA have always been good times to buy, either during a deep correction in a bear or bull market, like 94 in 2017.
The price has not bottomed out yet, and there are no orange and red dots on the chart.
This means that the price is still in a stage of adjustment, has not reached its peak, and the bull market has not ended yet.
It is very likely to go down and come to the 200-week moving average (4w-4.5w), and then start a violent bull market!
Escape Index
Historically: When the price falls below the 2-year moving average (green line), it is a dip buying signal and buying Bitcoin will generate excess returns.
When the price exceeds the 2-year moving average x5 (red line), it is a signal to sell at the top, and selling Bitcoin will generate greater profits.
Now it is still far from the upper red line. To reach the red line, the price will be around 150,000 US dollars!
Rainbow Chart
Everyone is familiar with the rainbow picture.
The warmer colors above show when the market may be overheated, investors are selling, and the market is peaking.
When prices drop to cooler colors, the overall market sentiment is depressed and it is a bear market phase, which is a great time to buy!
From a big cycle perspective, Bitcoin has not shown any signs of reaching its bull market peak. It is just a normal correction in the bull market. I think within a few months, there will be a new round of increases!
That’s when the violent bull market begins!
Next, pay attention to a few events:
1. September 18 meeting: whether to cut interest rates
2. On September 29, will CZ come out?
These are some important events
The market has been very good recently. I wish you all good fortune.
Regarding copycats, the strong will always be strong. When Bitcoin returns to 75,000, many copycats may not be able to return to their previous highs, but some will continue to be strong.
Ethereum is still a weak currency, don’t touch it, wait until the exchange rate stabilizes before considering it. Don’t think about buying it for a rise.
Now is the starting point of the altcoin bull market. Now you can completely abandon short-term thinking, find a few high-quality altcoins to buy, and hold them for 5-10 times. In the next three months, there will be many 5x and 10x coins.
The bull market has begun, and there are several altcoins worth paying attention to:
$DOGS
It is not groundless that Dogecoin (DOGS) has the potential to grow 100 times. Although there are concerns about unlocking in the market, DOGS has been fully circulated and the chips have been widely distributed to retail investors, with almost no concerns in this regard.
As the leading meme coin of TON ecosystem, DOGS combines the long-term development potential of TON and the hot characteristics of meme coins. Once the bull market comes, it is not difficult to increase 100 times. Although this process may take 1 to 5 years, there is stock at present, so you can wait with peace of mind. It is very likely that DOGS will achieve a 10-fold increase next year.
Now is the best time to make plans. Seize this opportunity and you will have a promising future!
OK
Ondo Finance creates an exciting situation by combining trusted financial methods with the speed of blockchain. They transform real-world assets into digital tokens that anyone can access. This approach makes advanced financial products accessible to more people.
Ondo works with top partners like BlackRock and uses Coinbase for secure asset management. They focus on staying open and abiding by legal rules, alleviating concerns about trust in cryptocurrencies. Their product USDY is a stablecoin backed by solid assets like U.S. Treasuries.
If there are major updates to this Ethereum-based project, the price could surge. Of course, there is also a risk of a decline.
$BABY
In terms of price action, Pepe (PEPE) has been the biggest beneficiary of the bullish headwinds for the Ethereum ETF. Right now, PEPE is consolidating in a narrow range, which seems to suggest an imminent breakout that could send prices climbing further. Such ranges are often a precursor to big price increases, so this is a key node to watch closely.
Given the favorable environment in the cryptocurrency market, PEPE may soon surge sharply. This bullish sentiment is influenced by various political changes and developments, such as Donald J. Trump’s announcement that the United States will become a global center for cryptocurrencies.
The price has recovered inside the symmetrical triangle and the bulls seem ready to initiate a bullish breakout.
$PEOPLE
The creation of the PEOPLE token was closely tied to a plan to bid for a copy of the U.S. Constitution, but even though the plan ultimately failed, it did not affect the PEOPLE token’s position in the market. Today, the PEOPLE token is trading at a relatively stable price, continuing to attract investors’ attention.
As the concept of decentralized autonomous organizations is accepted by more and more people and community-driven projects continue to increase, the value of PEOPLE tokens is expected to increase further.
It is a dark horse in this bull market, but its trend is very unpredictable, with high risks and huge returns.
