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The legendary Bitcoin indicator pointed to $ 500,000: The Bitcoin Rainbow Chart, which was frequently used for a while, shows that the $BTC price could reach $ 500,000 in this bull cycle. The leading crypto Bitcoin broke a new record with US President Donald Trump's statements about the strategic #Bitcoin reserve. The $BTC price rose above $ 106,500 at night, reaching an all-time high. New price targets began to form in the BTC bull, which intensified in the last plateau of 2024. AMBCrypto reported that the Bitcoin Rainbow Chart, the most popular indicator of the 2021 bull, pointed to $ 500,000. The analysis mentioned the positive momentum provided by institutional flows and the positive news flow from the US. Bitcoin grows with institutional appetite Positive macro trends and blockchain growth are remarkable in Bitcoin. The BTC price continues to rise with healthy growth. According to AMBCrypto’s analysis, the Bitcoin Rainbow Chart indicates a super rally of up to 400 percent in this cycle. The analysis included the following statements; “Since November, critical indicators and developing market dynamics have pointed to new peaks for Bitcoin. The conditions required for BTC to reach $500,000 have begun to emerge.” Bitcoin’s developments since November have enabled it to be adopted as a financial asset. In particular, the interest of countries’ reserve plans and pension funds in Bitcoin has drawn attention during this process. BlackRock’s iShares IBIT Bitcoin ETF (IBIT) recorded a net inflow of over $17 billion. The increase in institutional demand showed that BTC will not easily come down from its peak. Spot Bitcoin ETFs, which increase existing liquidity, have bridged the gap between traditional finance and crypto. The Bitcoin Rainbow Chart shows parabolic rallies that exceed the “Maximum Bubble Zone” levels created in red. The chart in question indicates a new rally.
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Ethena (ENA) continues to rise: It could make a mark on the bulls. Ethena’s native token $ENA has attracted attention with a 13 percent increase in the last 24 hours. The rise in question comes in anticipation of the launch of Ethena’s new stablecoin product USDtb on December 16. ENA is preparing to recapture the $1.52 (ATH) recorded in April with increasing demand. ENA has attracted attention with a 13 percent increase in the last 24 hours. This rise is a result of increasing expectations for the new stablecoin USDtb to be launched by Ethena Labs. On December 13, Ethena Labs shared a video on social media platform X showing the USDtb screen page and indicated the stablecoin’s launch date as December 16. #Ethena reflects strong demand with increasing daily trading volume. ENA’s trading volume in the last 24 hours has exceeded $980 million, up 166 percent. When a token’s rise is supported by increasing trading volume, it indicates high investor interest and market confidence. ENA’s positive Chaikin Money Flow (CMF) value confirms high demand for the altcoin. As of writing, the CMF indicator is at 0.14. The CMF indicator measures the accumulation or distribution of an asset over a given period and combines price and volume data. Ethena’s positive CMF value indicates that buying pressure is stronger than selling pressure, which is a bullish signal for the altcoin. #BTCNewATH #MicroStrategyJoinsNasdaq100
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ETH outflow from exchanges is increasing: Altcoin bulls may accelerate. The increase in #Ethereum (ETH) outflows from crypto exchanges has strengthened the possibilities for an altcoin rally. Bitcoin's ATH and increasing dominance level continue to pressure Ethereum. However, a significant amount of $ETH leaving cryptocurrency exchanges has given hope that the price can continue its upward trend. On December 14, 108,521 ETH ($418 million) were withdrawn from cryptocurrency exchanges. According to Glassnode, this outflow represents the highest amount of $ETH removed from exchanges in a single day since March 13. The Ethereum in question is often considered a bullish signal because it indicates that investors prefer to hold their #ETH rather than sell it. The decreasing selling pressure creates a suitable environment for prices to rise. ETH's technical indicators also give positive signals for a price increase. Ethereum's RSI value is currently at 60.22. The data suggests that there is a steady demand for the altcoin leader. Above 70 on the RSI indicates overbought territory and usually triggers price declines. Below 30 indicates oversold territory and usually signals price recoveries. ETH’s current RSI level shows that the pair is in bullish territory but has not yet entered overbought territory. This suggests that there is still room for the price to rise further.
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Bitcoin can't get enough of the record: These 5 altcoins started the rally. 1- Fantom (FTM) $FTM , which stepped on the gas before the Sonic update, increased by 15 percent in the last 24 hours. #FTM , which was included in the list after a long break, took its place at the top. If the update is successful and the ecosystem is in demand, the rise in the parity may continue. 2- Ondo (ONDO) Donald Trump's DeFi-focused company World Liberty Finance's purchase of #ONDO on December 15 positively affected the price. The popular RWA coin, which increased by 14 percent in the last 24 hours, seems to be frequently talked about in the upcoming bull season. 3- Virtuals Protocol (VIRTUAL) #VIRTUAL , the architect of the AI Agents trend, ranked third on the list with a 9 percent performance in the last 24 hours. VIRTUAL, whose popularity has increased with the strengthening of the AI Agents craze, may start a new bull run when it breaks $ 3. 4- Helium (HNT) #HNT , which is well-known to crypto miners, has increased by 7 percent in the last 24 hours. Taking advantage of BTC's sharp rise, the popular altcoin will grow stronger if it holds above $10. 5- Ehtereum Name Service (ENS) $ENS , which stepped on the gas with Ethereum reaching $4000, increased by 5 percent in the last 24 hours. #ENS , which has been holding up better compared to other altcoins recently, may run to new peaks with the sharp rises of $ETH .
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The year-end party started early: Bitcoin broke a record! The leading cryptocurrency #Bitcoin (BTC) broke a new record by reaching $106,500 after Donald Trump's statements. Despite the heavy sales of long-term Bitcoin holders, the BTC price does not stop. BTC rose to $106,500 amid profit sales exceeding $90 billion. The rise in question came after the statements of Trump, who will take over the presidency on January 20. When asked whether the strategic Bitcoin reserve would be like oil reserves, Trump replied, "Yes, I think so." Trump stated that he wanted to be the leading country in the crypto field and did not want to leave the market in question to China and Russia. Bitcoin is not collapsing Bitcoin (BTC), which exceeded $100,000 for the first time in its history on December 5, had a major collapse hours after the record in question. On that date, $BTC reached $104,000 and fell to $90,000 hours later. Indeed, BTC managed to recover more strongly after each decline. BTC, which broke a new record on December 16, shook the world. With the #BTC price rising to $ 106,500, BTC dominance reached 57.46 percent. According to Coinglass data, $ 332 million was liquidated from the crypto market during BTC's record-breaking rise. Approximately 100,000 traders were affected by these liquidations in the last 24 hours. In addition to the US, there is talk in many countries that Bitcoin can be used as a strategic reserve. Russia, in particular, thinks that it can overcome the embargo in Europe with Bitcoin. Russian President Vladimir Putin had stated in the past weeks that Bitcoin cannot be blocked by anyone. The US Fed's interest rate decision on December 18 will also affect the course of Bitcoin. Markets think that the Fed will cut interest rates by 0.25 percent. Lowering interest rates to 4.5 percent could send BTC racing to new records.
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