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🔹Bitcoin recently fell📉 below the support level of $40,000💵: the rate of the first cryptocurrency dropped to $38,500💵, and is now at $39,000💵.
🔹“BTC is simply consolidating around $40,000💵, gaining strength 💪for the next jump 🚀by 50% to $60,000💵,” writes PlanB on social network X.
🔹The day before, the trader recalled that his system, which predicts the price of Bitcoin, is so ingenious that only a few can correctly ✅ interpret its signals 🚨.
🔹“The best thing about this BTC market cycle model is that few will believe it when it detects a phase transition. For example, when I wrote on January 12 that the bear market🐻 was over and the accumulation phase had begun, many continued to expect a fall 📉 to $10,000💵,” he wrote.
🔹Last year, PlanB argued that Bitcoin's rise to $500,000💵 no longer seems incredible. However, he pointed to the RSI indicator, and not to his Stock-to-Flow model. PlanB stated that the RSI (Relative Strength Index) is now repeating the pattern that previously signaled 🚨 the start of a parabolic rise 📈 for BTC.
Against the background of the fall📉 of Bitcoin, the tokens of the Solana and Avalanche systems also showed a decline📉.$BTC
IG: cryptoafera
🔹“BTC is simply consolidating around $40,000💵, gaining strength 💪for the next jump 🚀by 50% to $60,000💵,” writes PlanB on social network X.
🔹The day before, the trader recalled that his system, which predicts the price of Bitcoin, is so ingenious that only a few can correctly ✅ interpret its signals 🚨.
🔹“The best thing about this BTC market cycle model is that few will believe it when it detects a phase transition. For example, when I wrote on January 12 that the bear market🐻 was over and the accumulation phase had begun, many continued to expect a fall 📉 to $10,000💵,” he wrote.
🔹Last year, PlanB argued that Bitcoin's rise to $500,000💵 no longer seems incredible. However, he pointed to the RSI indicator, and not to his Stock-to-Flow model. PlanB stated that the RSI (Relative Strength Index) is now repeating the pattern that previously signaled 🚨 the start of a parabolic rise 📈 for BTC.
Against the background of the fall📉 of Bitcoin, the tokens of the Solana and Avalanche systems also showed a decline📉.$BTC
IG: cryptoafera
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‼️Analyst 👨💻, known under the pseudonym Hedgex.eth, believes that the release of an Ethereum ETF will deal a major blow to Bitcoin's dominance.‼️
🔺Bitcoin will reach new heights during this cycle, but many will be disappointed by the peak at $100,000💵. The Ethereum price has great upside potential thanks to catalysts including ETF etf. Bitcoin's dominance will suffer greatly. The capitalization level of all cryptocurrencies will increase significantly🚀,” wrote Hedgex.eth.
🔺Last year, the share of Bitcoin in the digital asset market increased📈 from 41.3% to 53.5%. When the coin fell in price 📉 by 1% from January 1, 2024, Bitcoin's dominance decreased by only 1%. However, Hedgex.eth predicts a significant drop 📉of this indicator after the launch 🚀of Ethereum-ETF trading.
🔺The expert predicts an increase in the Bitcoin exchange rate; accordingly, it becomes obvious that ETH will win back positions from the first cryptocurrency due to a higher 🔺 rate of price increase. This trend has already emerged, because from January 10 to 12, Ethereum rose in price by 25% against Bitcoin and maintained its position.
Change in the exchange rate of Ethereum against Bitcoin over the past month
$ETH #ефириум #ефириуметф #нововсти #инсайд
🔺Bitcoin will reach new heights during this cycle, but many will be disappointed by the peak at $100,000💵. The Ethereum price has great upside potential thanks to catalysts including ETF etf. Bitcoin's dominance will suffer greatly. The capitalization level of all cryptocurrencies will increase significantly🚀,” wrote Hedgex.eth.
🔺Last year, the share of Bitcoin in the digital asset market increased📈 from 41.3% to 53.5%. When the coin fell in price 📉 by 1% from January 1, 2024, Bitcoin's dominance decreased by only 1%. However, Hedgex.eth predicts a significant drop 📉of this indicator after the launch 🚀of Ethereum-ETF trading.
🔺The expert predicts an increase in the Bitcoin exchange rate; accordingly, it becomes obvious that ETH will win back positions from the first cryptocurrency due to a higher 🔺 rate of price increase. This trend has already emerged, because from January 10 to 12, Ethereum rose in price by 25% against Bitcoin and maintained its position.
Change in the exchange rate of Ethereum against Bitcoin over the past month
$ETH #ефириум #ефириуметф #нововсти #инсайд
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Bitcoin accumulation by crypto whales signals future bullish trend.
🔻Amid the bearish trend🔻 that has gripped the cryptocurrency market, leading market analytics platform 🧐 Santiment has highlighted a potential bullish signal 🚨. Santiment specialists see an optimistic signal in the activity of large investors in Bitcoin (BTC), Tether (USDT) and USD COIN (USDC). Crypto whales' accumulation 🐳 of said cryptocurrencies could be a crucial indicator for an eventual recovery. Ig: Crypto_Market_Scam Market sentiment analysis showed that strategic accumulation by large holders 🐳 could pave the way 🔺 to a bullish reversal and a retracement of last week's two-year high 🚀 Additionally, Santiment analysis showed that wallets with 10-10 thousand Bitcoins (BTC) currently making up 66.27% of the total addresses. This is the lowest 📉 percentage since September 26, 2018. The organization's report highlights that the current supply represents the lowest 🔻 amount of BTC since June 20, 2023 - 12.99 million coins. Note that the market value of these tokens exceeds $530 billion. Owners of large amounts of Tether (USDT) and USD Coin (USDC) showed similar dynamics. Wallets with a balance of 100,000 to 10 million USDT💵 make up 33.98% of the supply. The share of owners from 100,000 to 10 million USDC💵 accounts for 35.49% of the supply. Over the past six months, these wallets have decreased their assets by 4.02% and 3.05%, respectively.$BTC #news
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Go to my Instagram there will be a lot of interesting things ig; Crypto_Market_Scam
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❗️The last quarter of 2023❗️was marked by a major rally in the cryptocurrency market, which led to a sharp increase in many cryptocurrencies - Bitcoin (BTC), 🥈Ethereum (ETH), most altcoins and meme coins. The Bonk meme token (BONK), based on the Solana (SOL) blockchain, is perhaps the biggest winner, gaining more than 10,000% in a year. The Pepe (PEPE) cryptocurrency, launched in the spring of 2023, also allowed at least one trader to turn several hundred dollars into a million or more. And very soon a completely new coin based on the DED meme will appear on the market. It is currently under development on the Polkadot (DOT) blockchain. DED is being developed by a group of professionals, and, according to several polls conducted on social network X, the token already enjoys broad community support. DOT supporter and DED community member Giotto De Filippi wrote that the new meme coin takes advantage of the cohesiveness of the Polkadot community, and he also praised the transparent and decentralized way it works buildings. The DED development team promised that there would be no pre-sale or mass distribution, but all holders of DOT, the native cryptocurrency of the Polkado blockchain t, will receive a new meme coin via airdrop.
#polkadot #Dot $DOT
#polkadot #Dot $DOT