1. Increased EXACTLY till the last support level created after post-halving dump in 2020.
2. Most altcoins already outperforming BTC. We might have a major alt rally while approaching May if BTC remains stable.
This aligns with how Bitcoin Dominance behaves post-halving. What is important to see is when and where does this find support because it's likely that the next dominance pump will be during a major market correction where people move to BTC as a safe haven.
If I had to take a gambler’s bet, this is how things move now:
1. BTC Recovery till around 68k or maybe ATH. (most top buyers waiting to exit BE there)
2. Alts have some rallies, expect more from alts that have been strong in the last month (no overhanging supply as most alts like APT/W fell 3X stronger than BTC and have a lot of bag holders looking to exit closer to BE. (Maybe SOL is an exception to this, maybe)
1. Ferrari partners with Bitpay, accepts crypto payments now.
2. Bloomberg analyst see 90% chance Bitcoin EFT approval by Jan. 10, 2024.
3. $BTC price surges past $34,000 for first time in more than year.
4. Highest Short liquidations ($280 million) since January across all crypto assets was seen on 23rd October.
5. Highest Daily Close for Bitcoin since 9th May 2022.
6. Tether Aims to Publish Reserve Data in Real-Time in Coming Years.
7. MicroStrategy Bitcoin holdings moves into 750 Million dollars in profit.
8. Warren Buffet remains a crypto hater in 2023 after missing to buy Bitcoin at $1000.
9. Court rules in favor of Grayscale, directing the SEC to abandon its rejection of the asset manager's Bitcoin ETF application.
10. Digital-asset investment products saw inflows for the fourth consecutive week in a row with $66 million in inflows, bringing the four-week run of inflows to $179 million.
11. Exchange inflows vs Price increase ratio is the lowest since 2021. Which means spot is taking profit less eagerly than in the past, slightly positive sentiment.
In a bull market, some traders seek fast gains with high leverage.
A 10% dip can liquidate a 10x long position. During a bullish run, it's common for a coin to briefly dip 10% and then recover.
To safeguard against these sudden drops, limit your leverage to 5x or lower.
Look at the drop in $LQTY , the market makers can easily drop a coin by 10% so make sure you control yourself and never over leverage , this will help you a lot in bull run 2024
The upcoming years hold great potential for those who've been accumulating assets. Amid your journey, remember:
- The sacrifices you've made. - The patience in delaying immediate gratification to invest and grow. - The skeptics who doubted your investments. - Your ability to conquer fear, uncertainty, and doubt (FUD).
These efforts must eventually translate into tangible profits, whether for:
- A well-deserved vacation. - More quality time with loved ones. - Life improvements. - A robust financial safety net in challenging times. - The opportunity to launch your own business.
Consider yourself fortunate to participate in a market with significant profit potential. While many are stuck in unfulfilling jobs, both small and large earnings will matter greatly when the right moment arrives.