You can see now how $BTC influence the other coins. I woke up and just 10 min ago everything was red. I had -30$ on my account, and only $LINK was green. Now, bitcoin got bigger just in 0.21% at the moment of posting this, and I can see some coins started decreasing their negative prices. $AVAX was the first to show it. It means traders just woke up, and the market will be growing soon.
Bitcoin has recently reached the 10th largest global currency by market capitalization, meaning its importance in the financial world. The market value now exceeds some major companies like Visa and JPMorgan Chase, showing the increasing interest in cryptocurrency as a store of value and investment asset. Bitcoin’s rise is supported by institutional interest, the approval of Bitcoin-related ETFs, and its deflationary design, which aligns well with growing concerns about fiat currency stability.
Despite this achievement, Bitcoin still trails behind the world’s largest currencies, such as the US dollar and euro, and lags significantly behind gold. However, experts predict that a combination of factors, including potential spot ETF approvals and the upcoming Bitcoin halving, could further boost its value in 2024.
$ETH showed such a nice result this week, trading above 3500$, seen as the harbinger of the future altseason. If it reaches 3600$ breakout, it may then go up to 6K$!
According to the rainbow chart, etherium is now in a steady phase, which means it isn’t affected from the outside and keeps its position well. The future of it, however, depends on the ability to get over 4K$. If this happens, the most optimistic scenario for it to reach the price amidst 12-18K$.
As you can see the chart is very promising, however, do not forget about the greenish part of the chart, which could also become true no matter how hard we try to not think about it.
The $BTC was showing a great progress yesterday, returning back to it’s position at 96K$. And the question is - when the altcoin season finally comes. Well, the experts have different opinions on that one. Ki Young Ju says that the large amount of investment money flows into bitcoin, which makes it hard for the altcoins to grow.
The ETFs are not interested in altcoins, unlike the crypto exchange users. They most likely invest in bitcoin to save their money whereas regular users are the only ones, who can change the money flow into the right direction. This market is no more dependent on the bitcoin price, but needs a lot of funds from the outside to create a real altcoin rally.
Are you prepared for 2025? Still believe $BTC will reach 100K$? Well, it’s actually possible, according to some experts (Ali Martinez and Ki Young Ju), who believe bitcoin could reach a milestone, but with the corrections up to 85K$.
Along with these two, what’s gonna happen to $SOL ? Lately, it showed an excellent performance, overcoming the 200$ price. Knowing how bitcoin could influence other cryptocurrencies, is there a risk for those, who hold solana for better times?
The statistics shows that there’s no potential risk. As well as bitcoin, solana will face some corrections, falling up to 205$. Despite this, solana is moving quite confidently amongst the others, keeping its price steady for a long time.
And for today’s market, be patient, keep trading and stay calm 😌
Tonight $BTC fell to 92K$, and now instead of ‘botcoin will hit 200K$ in a few days’ news I see ‘bitcoin is going through some corrections, and it may fall up to 70K$’ news. Wow, the crypto market is really unpredictable.
But, let’s see a bit deeper. As bitcoin is falling the season for altcoins might come. The only problem is that some huge altcoins like $DOT are also falling. Yeah, now it’s time to make a ‘fall-down’ contracts, if you want to get some money. Do not forget to first check for the current prices and trends for the currency you want to trade)
Also, do you think this great fall will mean the next great bullrun phase? My thoughts are that traders are a bit tired of pushing bitcoin higher to 100K$. As we can see, it might have happened, but never did actually. Why? It was the closest to reach the peak, and then as if all our dreams just fell into an endless void. Disappointment and despair are prevailing nowadays. Pushing bitcoin up was too hard during the last few weeks.
Despite all this, Trump is not at his place yet, and we don’t know what’s gonna happen after the New Year. The great fall or the great rise - is just the matter of time. For now - all we can do is wait and don’t get too obsessed with the idea of selling everything in fear.
And so, $BTC was going down while $ETH showed the signs of some rise. Will this mean when we wake up tomorrow we will see the smaller altcoins going up?
While the market is still moving in an undefined direction, one trader made 3.3K$ into 2.5$ million just by buying and selling memecoins. Sounds optimistic, right? But, was it?
The story tells us about a guy, who purchased 57 million FATHA, which made the memecoin go high in the market, making other people buy it in hurry. But the only one who benefited from that was only that trader, selling all his coins at the peak and getting 2.5$ million instead. Looks cool for him, but what about all the others, who also bought and wanted to get at least something?
Well, for those guys the game was not that ‘optimistic’. But what actually happened? The thing is that the man used the standard ‘rug pull’ scheme for it. What is that? In 2017, when memecoins just started, there were a bunch of people, who created special bots that followed the liquidity pools and bought the tokens as soon as they were launched, which made them reach the top of the market in just few seconds. And while people were rapidly buying the new hyped memecoin, the others were selling it, getting the money.
As you can see from the story, the high prices and huge volumes are not the best indicators for buying. Before putting your money into something new and seemingly perspective, always start with your own research. I prefer patience instead of FOMO. Because only time will reveal the truth.
Well, well, today’s market was a huge disappointment for some people, but let’s just analyze everything that happened during those few days.
📌 $BTC almost hit the 100K$ price, and while some people were fully attached to it, trading, selling and buying it, rushing around like a typical shoppers on Black Friday, the others noticed a slight movement in some altcoins, which led us to:
📌 #Altcoinseason2024 or not? There were some races among $ETH and others popular altcoins (solana, dot, avax, etc) that raised their average prices up, giving people hope for the real bullrun start. And while some were really happy to finally sell and buy their long-awaited tolens, the next phase came:
📌 $XRP and some other not so widely common coins started to burst, smashing their 1$ price and getting up really high.
So, what is really happening on the market? Seems that the prices are jumping from one part to another as if trying to give us hope and make us distracted from something. Like, a few days ago there was a jump in etherium price and that exact time I saw a lot of news of how etherium was gonna hit the 8K$ price. The same hype happened to bitcoin - everyone was talking about it getting up to 150-180K$.
What do you think it is? Speculations before the high rise, attempts to make us greedily buy and then sell in fear the prices will drop any second, or the money-hungry sharks, wanting us to enjoy the moments of delusional wealth before the huge fall? Only the time will tell.
‘If I bought $BTC in 2008, I’d be now on my own island!’ - the most deceptive illusion people say to themselves.
Let’s imagine, you bought bitcoin in 2008. In 2014 you found out there’s trading, and bitcoin now cost ~300$. Were you sure you’d keep it then? No. You’d think ‘wow, I can buy myself something cool’, because now you think the same.
“If I had bought bitcoin then, now I’d had ‘smth very needed here’”. Bitcoin won’t make you rich. In fact, it shouldn’t make you rich. ‘Bitcoin is overpriced, bitcoin is for big whales, bitcoin is just for huge investments’ and other things people say to themselves to excuse their financial literacy.
It’s not the bitcoin high, it’s the ability to manage your finances. Short trades could give an illusion of fast-growing income and huge profit, but if there’s no knowledge how to handle it, everything will just burn out on the simplest trade. And again, the regrets of ‘if I had bought this one earlier, if only I could put the longer term, if only I didn’t sell it’.
First things first - do not be overwhelmed by high numbers. Always divide your budget into 2 parts: the first one must be your nest egg, the second one must be the part you’re ready to trade.
I hope you’re as ready for Christmas as the today’s market is 😁
Yes, I’m talking about the red colors. This bullrun lasted for a few months, and now everything is falling down little by little. Well, this time everything is a bit different than before. And, today it’s even harder to predict whether it’s going to finish soon or become a new push for the next heights.
Nowadays, analysts have 2 scenarios: the first one is the optimistic one, when $BTC reaches its 100K$ peak, overcomes it and goes up to 180K$ in 2025, and the second one is not that ‘rosy-colored’, which means the inevitable collapse after a few months of crazy growth.
There were already three waves of growth (see the bitcoin chart below): first - up to 40+, second - up to 60+, and third - up to 90+. Will there be the fourth one? Unlikely. Despite the huge amount of money that supports crypto investments, it’s too troublesome to keep the things growing.
And what about the altseason? It seems that it lasted a few days only, because today we can see everything going down here too, giving the chance for less known tokens to burst. As you can see, this year the market is going quietly and stealthily as if it doesn’t want people to know what’s going to happen next. All we can do now is wait till the things start to become more clear.
Good luck in investing and trading, keep going but be careful. This year’s market is unpredictable 🧨
$BTC bullrun came to its end, and altseason end is not far too. For long-term players it’s better to just wait and observe. For short-term players - well, you could try your luck in altcoin trading if you’re eager for the huge risks.
Also, Black Friday is finished, and that’s the reason people will start save for New Year. Maybe the next jump will come at the end of December, so for now - I’m waiting.
My future expectations of $BTC are that it won’t go up anymore. Seems like the hype goes down now as well as it was in 2021-2022 (see the chart screen below). I guess we will see the huge fall after which it will come back to its regular price. Of course it won’t happen in a matter of seconds or days. We will see it goes down little by little during the next few months.
This is just my personal opinion, and seeing the altcoins like $ETH and $DOT go up, as well as memcoins, gives me the feeling that the altseason has already started. Now the altcoins will burst out. People, who are saying the altcoins aren’t growing - just don’t see it. They think the growth means all altcoins to become 20K$ to be at the same level with bitcoin. But that’s not true. Just look at the charts from the previous years and you will understand it’s time to focus on the altcoins and keep bitcoin for better times.
New future for $ADA - with today’s hit over 1.07$ it can hugely become one of the altcoins in the bullish phase. Experts and analysts say Cardano beat the price and could continue growing due to the fact of the hugest inflow recently.
$JASMY I have more than 5000€ invested in jasmy sometimes I think about going all out and investing in something else. I feel like my patience in the last 3 years about Jasmy is getting lost. How do you feel about this? In which project should I invest the said amount plus the profits?