Let's dive into the current state of the cryptocurrency market.
Despite recent optimism, Bitcoin's correction appears far from over, and the $40,000 level may not represent the bottom of this downward phase. While predicting the exact floor is challenging, it's important to brace for the possibility of further declines. As is often the case in markets, the final bottom might surprise most participants.
Why Could Bitcoin Move Lower Instead of Reaching $100K?
The cryptocurrency market, like all financial markets, moves in cycles. After a prolonged 16-month bullish phase, it's natural for the market to undergo a significant correction to restore balance. This cyclical behavior is a fundamental aspect of market dynamics and shouldn't cause undue concern. Instead, it should be viewed as an opportunity for strategic positioning.
Navigating the "Trouble" Period:
The period from August to September 2024 is expected to be particularly challenging for Bitcoin, with potential price instability and further corrections. However, the outlook improves as we approach the final quarter of 2024, with October through December likely to be neutral, paving the way for a recovery.
Looking Ahead to 2025:
As we move into January and February 2025, expect a return to higher prices, setting the stage for substantial growth throughout the year. By 2025, Bitcoin could potentially reach a new all-time high around $190,000, marking a significant recovery and continuation of its long-term bullish trend.
Consider the Altcoins:
While Bitcoin faces short-term pressure, this correction might offer opportunities in the altcoin market. Many altcoins have already hit their lows, presenting potential buying opportunities. The key is to identify those trading $BTC

In a groundbreaking development for the African continent, Ethiopia is rapidly becoming a central hub for cryptocurrency mining. The construction of a massive Bitcoin mining facility is currently underway, a project that is poised to not only transform the nation’s economic landscape but also position Ethiopia as a leader in the global digital economy.
The Rise of Ethiopia in the Crypto World
For years, the cryptocurrency world has been dominated by major players from North America, Europe, and Asia. However, Ethiopia is now stepping into the spotlight, driven by a unique combination of factors that make it an ideal location for Bitcoin mining. Chief among these is the country’s abundant and affordable electricity, a key requirement for the energy-intensive process of mining cryptocurrencies.
Unbelievably Cheap Energy: The Game Changer
Ethiopia’s electricity costs are among the lowest in the world, making it an attractive destination for Bitcoin miners. To put this into perspective, charging an electric vehicle in Ethiopia—enough to cover a distance of 530 kilometers—costs only $2. This incredibly low cost of power not only benefits everyday consumers but also provides a significant competitive edge for Bitcoin mining operations, where energy efficiency and cost-effectiveness are crucial.
What This Means for Ethiopia
The establishment of this Bitcoin mining facility is expected to have far-reaching implications for Ethiopia. It promises to generate substantial economic benefits, including job creation and increased foreign investment. Moreover, as the global demand for cryptocurrency continues to grow, Ethiopia is well-positioned to become a major supplier of Bitcoin, potentially reshaping the country’s economic future.
A Bright Future for Crypto in Africa
Ethiopia’s foray into Bitcoin mining is a testament to the growing influence of Africa in the global tech and financial sectors. As more African nations explore the potential of blockchain technology and cryptocurrencies, the continent is set to play a pivotal role in the digital revolution.
Conclusion
The construction of this massive Bitcoin mining facility marks a significant milestone not just for Ethiopia but for the entire African continent. With its incredibly cheap electricity and growing technological infrastructure, Ethiopia is on the path to becoming a key player in the global cryptocurrency market. As this project unfolds, the world will be watching closely to see how Ethiopia harnesses this opportunity to shape its economic destiny.
Stay tuned for more updates on this exciting development and how it will impact the future of cryptocurrency in Africa and beyond.
#Bitcoin #Ethiopia #CryptoRevolution #Blockchain #Binance #BTC #etherreum #eth

"Here’s another exciting cryptocurrency project. Our motto remains: the more cryptocurrencies, the better.
Good evening everyone... Ready for some excitement?
Bitcoin Cash peaked earlier than most in 2021, hitting its high in May, while other altcoins peaked in April and November. In 2023, Bitcoin Cash began rising in June alongside XRP but peaked in April 2024, after the rest of the market. Fascinating, right?
Given these patterns, Bitcoin Cash stands out as a strong project. Certain projects consistently perform well, making it easy to build a solid portfolio with 8-15 top performers.
Initially, I had doubts about this pair, unsure how the "accumulation zone" would play out or whether the correction had ended. But as I focused on other pairs, things became clearer. With the bull market still some time away, we likely haven’t seen the bottom yet.
Arthur Hayes, founder of BitMex, recently echoed my views, predicting the altcoin bull market will start in early 2025, after Bitcoin surpasses $70,000 and Ethereum $4,000. His agreement is reassuring, given his influence and experience. His forecast suggests more market adjustments this year before the altcoin season begins.
I’m using a logarithmic chart here, as it offers a clearer picture, though the linear chart is also useful for seeing where we stand compared to past cycles. Both have their purposes.
Bitcoin Cash’s potential to reach a new all-time high could mean a 13X increase from its current price. This might not be the bottom of the current bearish phase, so prices could drop further before the bull market fully takes off in 2025. The growth potential could be even greater if calculated from the lowest point of the correction. But any profit is good. Focus on winning, as each win builds experience and refines your strategy.
Small wins build confidence for bigger victories. Patience is key.
Our strategy is to wait and see how things develop. If prices rise, no worries—we’ll let it run, as bull markets can last years. When a clear bottom forms, buy and hold. After 8 months of buying, reassess the chart; if prices are up, start selling in portions. The key is patience—once you’re in the green, take profits and move on.
Never get too attached to any project. If things go wrong, accept the loss and move forward. Take responsibility for your decisions to avoid repeating mistakes.
Mistakes are valuable if we learn from them. Keep pushing, learning, and trading, and you’ll succeed in the long run. Never give up. Keep rising until you win—and when you win, keep winning.
Thank you for reading." By Alan
$BTC , $XRP

The prevailing sentiment in the public sphere was that Bitcoin would never fall below $50,000, and this belief was widespread enough that people began to question it. However, Bitcoin did drop below $50,000, reaching $49,000 on August 5th, after a dramatic $21,000 decline in just seven days—an astonishing development.
Now, there's a new belief circulating: "The correction is over!" But, as before, if this idea is repeated enough, people will start to doubt it too, which is perfectly natural.
In reality, it doesn’t matter what the general public thinks or believes. What truly matters is your perspective as an individual. Many financial experts argue that predicting the future is impossible and that everything in life is random. Yet, these same people confidently assert that "Bitcoin cannot drop again." This contradiction is puzzling.
If the future is truly unpredictable, how can they be so certain that the correction has ended? How can they claim that Bitcoin won't fall any further?
Remember, the same people who now claim Bitcoin won’t drop are the ones who insisted it would never fall below $50,000, and yet it did. So, were they lying or simply wrong? Given that they believe the future is unpredictable, it seems they were wrong. But for those who analyzed the charts, it was clear Bitcoin would drop, and it did just that.
We find ourselves in a similar situation today: one group insists nothing is certain, yet they are equally certain Bitcoin won't drop again. Meanwhile, another perspective, based on chart analysis rather than random speculation, suggests that Bitcoin is heading lower.
The question now is: will we see a lower low before a new high, or is Bitcoin on its way to $100,000?
To me, the answer is clear—Bitcoin is going down.
Thank you for reading. By Alan$BTC