NOW THIS MOMENT THE #BTC IS AT $78000. I HAD BEEN WRITING ABOUT THE BTC PRICE FOR A LONG TIME SINCE ITS ALTIME HIGH OF $108000. I HAD BEEN REITERATED SEVERAL TIMES ABOUT 38.2% FIBONACCI RETRACEMENT FROM ITS PEAK. THUS, ITS TARGET IS $66744. HENCE, IT MAY KISS THE BOTTOM OF $65000.
BE PREPARED FOR THAT AND PLAN THE INVESTMENT STRATEGY ACCORDINGLY.
FURTHER, I DESIRE TO EXPRESS MY VIEWS ABOUT THE FUTURE OF CRYPTOCURRENCIES_____ THE ARTIFICIAL-INTELLIGENCE, AND THE ARTIFICIAL-SUPER-INTELLIGENCE ARE NOW LOOK OUTDATED WHEN WE COMPARE THE TECHNOLOGY THE CRYPTOCURRENCY REQUIRED FOR SURVIVAL SO, THE CRYPTO-TECHNOLOGY/BLOCKCHAIN-TECHNOLOGY HAS TO EMBRACE INEVITABLY NOT THE AI/ASI, BUT THE QUANTUM-TECHNOLOGY. CRYPTOGRAPHY AND THE QUANTUM-SCIENCE WOULD REWRITE THE HISTORY OF HUMAN-LIFE. BE PREPARED FOR THE FUTURE.
$1750 TRILLION, ALMOST 4 TIMES OF THE WORLD'S MCAP OF EQUITY MARKETS. I STRONGLY BELIEVE THAT THE TECHNOLOGY OF BLOCKCHAIN & CRYPTOGRAPHY HAS TO EMBRACE QUANTUM TECHNOLOGY AS ARTIFICIAL INTELLIGENCE & ARTIFICIAL SUPER INTELLIGENCE & OTHER ADVANCED TECHNOLOGIES WILL GET OUTDATED.
BullishBanter
--
Bullish
#BTTC 🚀 IS SURGING! MASSIVE BUYING—IS THIS THE NEXT BIG BREAKOUT? 🚀 My Target for Sure $1 in 2026 ..
BitTorrent ($BTTC ) is gaining huge attention as its trading volume soars! Investors are aggressively accumulating, and the price is showing strong momentum. With billions of BTTC tokens changing hands rapidly, the excitement in the market is undeniable. Could this be the start of something massive?
Why is BTTC Gaining Popularity?
🔹 Rapid Growth – More users are joining, leading to a surge in activity and volume. 🔹 Cutting-Edge Technology – Powering the decentralized sharing revolution. 🔹 Game-Changing Utility – Transforming how digital content is distributed globally.
The Future of BitTorrent ($BTTC)
BitTorrent is no longer just a well-known file-sharing platform—it is evolving into a major force in blockchain. With demand increasing and adoption rising, BTTC is becoming a strong player in the crypto market. Many traders are taking positions early—are you?
With continuous development, expanding use cases, and growing trust from the community, BTTC is positioning itself as a long-term winner. Will you take advantage of this momentum or stay on the sidelines?
📢 Do you believe BTTC is set for a major rally? Drop a "🔥" in the comments ..
IF #BTTC REACHES $1 ITS MCAP WOULD BE $990 TRILLION, THEN WHAT WOULD BE THE PRICE OF #BTC ? AND WHAT WOULD BE THE TOTAL MCAP OF THE ENTIRE CRYPTOCURRENCY MARKET? I STRONGLY BELIEVE THE TOTAL MCAP OF THE ENTIRE CRYPTO MARKET WOULD REACH A WHOPPING $1750 TRILLION.
BullishBanter
--
Bullish
#BTTC 🚀 IS SURGING! MASSIVE BUYING—IS THIS THE NEXT BIG BREAKOUT? 🚀 My Target for Sure $1 in 2026 ..
BitTorrent ($BTTC ) is gaining huge attention as its trading volume soars! Investors are aggressively accumulating, and the price is showing strong momentum. With billions of BTTC tokens changing hands rapidly, the excitement in the market is undeniable. Could this be the start of something massive?
Why is BTTC Gaining Popularity?
🔹 Rapid Growth – More users are joining, leading to a surge in activity and volume. 🔹 Cutting-Edge Technology – Powering the decentralized sharing revolution. 🔹 Game-Changing Utility – Transforming how digital content is distributed globally.
The Future of BitTorrent ($BTTC)
BitTorrent is no longer just a well-known file-sharing platform—it is evolving into a major force in blockchain. With demand increasing and adoption rising, BTTC is becoming a strong player in the crypto market. Many traders are taking positions early—are you?
With continuous development, expanding use cases, and growing trust from the community, BTTC is positioning itself as a long-term winner. Will you take advantage of this momentum or stay on the sidelines?
📢 Do you believe BTTC is set for a major rally? Drop a "🔥" in the comments ..
HEY YOU GUYS ARE YOU PREPARED TO WITNESS THE FALL OF #BTC TILL $70000? GET IT AT $65000 AS 2ND TARGET. THIS RETRACEMENT IS ATTRIBUTED TO FIBONACCI AT 38.2% FROM ITS PEAK OF $108000. [PROBABLY MANY ARE AWARE OF MY CAUTIONS SEVERAL TIMES ABOUT THE BTC FALL]. THIS EVENT IS GOING TO PROVIDE WITH SEVERAL GREAT OPPORTUNITIES OF CRYPTO INVESTMENTS BASED ON FUNDAMENTAL ANALYSIS OF BLOCKCHAIN TECHNOLOGY. GOOD LUCK !!
NOW, THE CRYPTO MARKET MCAP IS JUST $3.5 TRILLION. THE MCAP OF COMPANIES LISTED ON STOCK EXCHANGES WORLDWIDE IS $470 T. HOWEVER, THE MCAP OF THE CRYPTO MARKET IS GOING TO SURPASS IT. THE RATIONALE BEHIND THIS ANALYSIS IS, THE SCOPE OF EXPANSION OF CRYPTO IS MORE THAN EQUITY MARKET ON TECHNOLOGICAL FRONT. FOR THIS, DEFI SECTOR MAY NOT CONTRIBUTE LARGELY. THE BC TECHNOLOGY HAS TO EMBRACE THE AI, ASI, AND EVEN THE QUANTUM TECHNOLOGY TOO. IT HAPPENS.
TOKENS ARE SIMILAR & NOT LESS THAN THE EQUITY SHARES OF COMPANIES LIKE AMAZON, TESLA, APPLE, GOOGLE, ETC. WE NEED TO TURN OUR PERSPECTIVE FROM TOKENS TO UNDERLYING TECHNOLOGY. WE HAD BEEN MOVING FROM CONVENTIONAL TECHNOLOGIES TO ADVANCED LIKE BC, AI, ASI, QUANTUM...
R3B_502
--
I’ve recently seen a lot of people giving up on investing.
They’re now convinced that buying quality coins and holding them for some time doesn’t work anymore—and that the only way to make money in this market is through active day-trading.
All I’ll say is this:
Congrats, you’ve been successfully brainwashed.
I don’t blame them.
The past few months have been mentally and emotionally brutal for Altcoin holders (especially those deep in small/micro caps).
So naturally, they start thinking this shit doesn’t work anymore.
But cherry-picking a timeframe that fits your “investing doesn’t work anymore” bias while ignoring history isn’t exactly smart.
We just went through some of the nastiest PA in the history of the magic internet money market.
Even some of the best investors got caught off guard.
But here’s the thing about financial markets:
When the pendulum swings too far in one direction, it always snaps back aggressively.
And trust me—you don’t want to be sidelined when that happens.
Nothing has changed.
Playing the macro cycle will always be the most lucrative way for most people.
You just need:
> A strong mind. > A bulletproof plan. > A F….&k ton of patience.
TIME IN THE MARKET > TIMING THE MARKET.
You’ll look delusional until payday arrives.
But when it does—it’ll be worth the wait.
Don’t get me wrong—I’m not hating on trading.
It can be insanely profitable too.
But the truth?
99% of the wannabe traders you see on X will ultimately get rekt and quit.
Most confuse beginner’s luck with skill.
They learn some random TA from “successful traders” and think that’s all they need to beat the market.
Then they hit a few wins and believe they’re some kind of genius.
Until reality humbles them.
Once beginner’s luck fades, they realize they know nothing and are just lambs in a world full of wolves.
Little tip:
Don’t confuse analysis with trading.
Being an analyst ≠ Being a trader.
Anyone can be an analyst.
But being a consistently profitable trader is a whole different beast.
WHATEVER MIGHT BE THE MARKET REASONS AND CONDITIONS, NO MATTER, THE #BTC IS GOING TO $70000 - AND 2ND TARGET WOULD BE $62000. IT HAS TO COVER THE DISTANCE OF 38.2% FIBONACCI FROM ITS RECENT PEAK OF 108000$. I HAD BEEN CAUTIONED THE MARKET ABOUT THIS SEVERAL TIMES.
VOLATILITY KING
--
*😱 BTC Drops Below 80,000: Will the Whale Be Liquidated? 🐋*
*Wow, Bitcoin (BTC) just dropped below80,000*, and there’s a *whale* who went long on BTC just 2 months ago that has now lost *over 17 million!* 😬 His liquidation price is *69,839*, and now the big question is: *Will BTC drop below 70,000 and liquidate this whale?*
Let’s break it down and see what might happen next… 👇
—
*Current Situation* - *BTC’s price has dropped below80,000*, causing panic for traders, especially whales who have heavy positions. - This *whale’s liquidation price* is currently set at *69,839*, meaning if BTC falls to that level, his position will get liquidated, causing huge losses.
—
*What’s Happening With This Whale?* Don’t forget, whales often have deep pockets 💰. If the price gets close to their liquidation price, they *may add more USDT* or *open additional positions* to *lower their liquidation price*. This is one of the strategies they use to *avoid getting liquidated* when the price drops near their liquidation level.
So, *even if BTC comes close to70,000*, the whale could still manage to *stay afloat* by pumping more money into the position.
---
*What’s Next for BTC?* Let’s talk about *predictions and possible scenarios* for BTC's price movement: 1. *If BTC stays above 81,500* – It *could* attempt a *recovery* towards *86,000 to 91,000*. 🔥 Bulls might push the price back up if there's support at those levels.
2. *If BTC breaks below81,000* – BTC might continue dropping toward *76,000* 📉. Bears could gain control if the price fails to hold support at that level.
—
*Key Takeaway for Traders* - *Watch closely*: If BTC holds above *81,500*, we could see a rebound 💪. - *Stay cautious*: If BTC drops below *81,000*, it could signal further downside toward *76,000*. Don’t panic, but keep your eyes on these price levels. 👀
As for the whale? He’s not out of the woods yet, but he’s got options to protect his position! 💼
---
*What do you think? Will BTC bounce back or continue its downward trend? Drop your thoughts below! ⬇️*
WHATEVER MIGHT BE THE MARKET REASONS AND CONDITIONS OF ECONOMIES AND THE TARIFFS, NO MATTER, THE #BTC IS GOING TO $70000 - THIS IS MY FIRST TARGET, SECOND TARGET WOULD BE $62000. IT HAS TO COVER THE DISTANCE OF 38.2% FIBONACCI FROM ITS RECENT PEAK OF 108000$.
I HAD BEEN CAUTIONED THE MARKET ABOUT THE FALL OF BTC SEVERAL TIMES. HOWEVER, NOBODY HAS RESPONDED SO FAR. ARE THE TRADERS LIVE ON BINANCE?!
DON'T BE SURPRISED WITH THE FALL OF BTC. BUT, BE PREPARED TO BUY ON DIPS AFTER REACHING THE FINAL GOAL OF 62000$.
... 25000 TOKENS ARE BEING TRADED IN THE MARKET. DESPITE THAT, ONLY THE QUALITATIVE TOKENS OR QUALITATIVE TECHNOLOGY WOULD BE THE WINNER. UNDOUBTEDLY THERE IS FUTURE WAITING FOR BLOCKCHAIN TECHNOLOGY.
R3B_502
--
I’ve recently seen a lot of people giving up on investing.
They’re now convinced that buying quality coins and holding them for some time doesn’t work anymore—and that the only way to make money in this market is through active day-trading.
All I’ll say is this:
Congrats, you’ve been successfully brainwashed.
I don’t blame them.
The past few months have been mentally and emotionally brutal for Altcoin holders (especially those deep in small/micro caps).
So naturally, they start thinking this shit doesn’t work anymore.
But cherry-picking a timeframe that fits your “investing doesn’t work anymore” bias while ignoring history isn’t exactly smart.
We just went through some of the nastiest PA in the history of the magic internet money market.
Even some of the best investors got caught off guard.
But here’s the thing about financial markets:
When the pendulum swings too far in one direction, it always snaps back aggressively.
And trust me—you don’t want to be sidelined when that happens.
Nothing has changed.
Playing the macro cycle will always be the most lucrative way for most people.
You just need:
> A strong mind. > A bulletproof plan. > A F….&k ton of patience.
TIME IN THE MARKET > TIMING THE MARKET.
You’ll look delusional until payday arrives.
But when it does—it’ll be worth the wait.
Don’t get me wrong—I’m not hating on trading.
It can be insanely profitable too.
But the truth?
99% of the wannabe traders you see on X will ultimately get rekt and quit.
Most confuse beginner’s luck with skill.
They learn some random TA from “successful traders” and think that’s all they need to beat the market.
Then they hit a few wins and believe they’re some kind of genius.
Until reality humbles them.
Once beginner’s luck fades, they realize they know nothing and are just lambs in a world full of wolves.
Little tip:
Don’t confuse analysis with trading.
Being an analyst ≠ Being a trader.
Anyone can be an analyst.
But being a consistently profitable trader is a whole different beast.
I CANNOT CONVINCE WITH THIS ARGUMENT. DAY TRADING MAY INCUR LOSSES TOO. BUT, TO GAIN ONLY PROFITS, THE LONG-TERM INVESTMENT IS THE ONLY WAY. BUSINESSES ARE ADOPTING THE BLOCKCHAIN TECHNOLOGY VERY SLOWLY, BUT GRADUALLY. IT WILL BE ACCELERATED IN THE FUTURE....
R3B_502
--
I’ve recently seen a lot of people giving up on investing.
They’re now convinced that buying quality coins and holding them for some time doesn’t work anymore—and that the only way to make money in this market is through active day-trading.
All I’ll say is this:
Congrats, you’ve been successfully brainwashed.
I don’t blame them.
The past few months have been mentally and emotionally brutal for Altcoin holders (especially those deep in small/micro caps).
So naturally, they start thinking this shit doesn’t work anymore.
But cherry-picking a timeframe that fits your “investing doesn’t work anymore” bias while ignoring history isn’t exactly smart.
We just went through some of the nastiest PA in the history of the magic internet money market.
Even some of the best investors got caught off guard.
But here’s the thing about financial markets:
When the pendulum swings too far in one direction, it always snaps back aggressively.
And trust me—you don’t want to be sidelined when that happens.
Nothing has changed.
Playing the macro cycle will always be the most lucrative way for most people.
You just need:
> A strong mind. > A bulletproof plan. > A F….&k ton of patience.
TIME IN THE MARKET > TIMING THE MARKET.
You’ll look delusional until payday arrives.
But when it does—it’ll be worth the wait.
Don’t get me wrong—I’m not hating on trading.
It can be insanely profitable too.
But the truth?
99% of the wannabe traders you see on X will ultimately get rekt and quit.
Most confuse beginner’s luck with skill.
They learn some random TA from “successful traders” and think that’s all they need to beat the market.
Then they hit a few wins and believe they’re some kind of genius.
Until reality humbles them.
Once beginner’s luck fades, they realize they know nothing and are just lambs in a world full of wolves.
Little tip:
Don’t confuse analysis with trading.
Being an analyst ≠ Being a trader.
Anyone can be an analyst.
But being a consistently profitable trader is a whole different beast.
WHY FEAR IN THE MARKET, I COULD NOT UNDERSTAND ?! FALL OF #BTC WAS IMMINENT. I COUTIONED THE MARKET SEVERAL TIMES EARLIER TO BE PREPARED. THE #BTC HAD TO FALL 38.2% FIBONACCI FROM ITS PEAK $108000. THAT MEANS THE #BTC WILL COME DOWN FURTHER TILL $70000. WHO DOESN'T KNOW THIS TECHNICAL ANALYSIS?! EVERYONE KNOWS. IT GETS SUPPORT AT $70000 AROUND. HENCE, PREPARE TO ENTER AT THE RIGHT TIME.
I WILL FURTHER ANALYSE .... AFTER TRADING AT AND AROUND $70000, #BTC WOULD RESTART ITS JOURNEY AND REACHES $125000. THERE BE HELD THE STOCKS AND BUY THE DIPS. IT MAY COME DOWN AGAIN TO $115000 THEREFROM. OK OR NOT.
"...ONE'S GAIN IS SOMEONE'S LOSS..." THIS ARGUMENT IS WRONG IN THE STOCK MARKET OR CRYPTO MARKET. UNACCEPTABLE.
TraderAlpha
--
many people don‘t understand that this whole market is a zero-sum game. there is no value created. every dollar you make is a dollar somebody else has to lose and vice versa.
a large majority has to lose in order for a small minority to make outsized returns. there is no magical PvE and wagmi is the biggest lie in the industry. #crypto #Bybit
WHY MEME COIN?! WHY NOT BACK TO ITS GLORY!? IF NOT SO, WHAT IS WRONG WITH IT?!
Crypto_Mafiaa
--
Bullish
"Get ready for a wild ride, because Terra Luna Classic ($LUNC ) is your ticket to something huge! Right now, LUNC’s market cap is just $400 million—practically a steal. Now, imagine it hitting $20 billion. That’s a jaw-dropping 50x increase! If you invest today, your money could multiply 50 times—$1,000 turns into $50,000, $10,000 into $500,000. And here’s the kicker: $20 billion isn’t some far-fetched fantasy. We can make it happen by turning $LUNC into the people’s #memecoin
Look at the playbook: Dogecoin soared past $80 billion, Shiba Inu topped $40 billion—all on the backs of hype and community love. LUNC’s got the ingredients—a gritty comeback story, a loyal following, and token burns already slashing supply (over 400 billion gone!). A $20 billion market cap? That’s not even half of what the meme giants have hit. It’s totally doable if we rally, meme it up, and spread the word.
This isn’t just a coin—it’s a movement. Get in now, and you’re betting on a 50x rocket. LUNC could be the ultimate underdog story, and your wallet’s about to thank you. Let’s make it the people’s champ—don’t wait!"
$JASMY EVERYTHING ABOUT JASMY IS OK. THE COMPANY, ITS BUSINESS MODEL, ETC. THE COMPANY PRESENTS SEVERAL POSITIVE ASPECTS AND PERFORMANCE TOO. BUT, I COULD NOT UNDERSTAND THAT WHY BINANCE ENLISTED JASMY IN "MONITORING" ZONE ??? DOUBTFUL TOKENS ARE KEPT BY BINANCE IN MONITORING ZONE. BUT, I DON'T THINK JASMY IS DOUBTFUL. 24 HOURS' TRADING VOLUME IS 364 M TOKENS WORTH 8.136 M USDT. ITS CIRCULATING SUPPLY : 49.445 B OUT OF MAXIMUM SUPPLY 50 B THAT IS 98.89%. WHAT IS WRONG WITH #JASMY ?! DOES BINANCE GIVE ANY CLARIFICATION ON KEEPING JASMY IN 'MONITORING'/
YET, THERE IS NO CLUE WHY THE $USTC IS RISING. ANY POSITIVE NEWS?! I AM WITH THE OPINION THAT THE LUNA FOUNDATION MAY REPEG IT WITH THE $. AND, I DON'T FIND ANY REASON FOR NOT TO REPEG. PLEASE DON'T TAKE MY OPINION AS TRUE. STILL, I AM NOT SURE THAT WHY THE USTC IS GOING UP.
Binance News
--
Bitcoin (BTC) Drops Below 95,000 USDT with a 2.71% Decrease in 24 Hours
According to Binance Market Data, Bitcoin (BTC) dropped below 95,000 USDT and is now trading at 94,954.773438 USDT, with a 2.71% decrease in 24 hours.
PEOPLE DON'T FORGET. A 38.2% FIBONACCI RETRACEMENT FROM ITS TOP IS IMMINENT. IT HAS TO FALL UP TO 75,000 LEVEL. IT FORMED A DOUBLE-TOP. YET, IT HAD BEEN TRADING INDECISIVELY SIDEWAYS AT THE DOUBLE-TOP LEVEL FOR A LONG TIME. HENCE, BE PREPARED FOR THAT & GALLOP ON TO BUY THE DIPS.
Binance News
--
Bitcoin (BTC) Drops Below 95,000 USDT with a 2.71% Decrease in 24 Hours
According to Binance Market Data, Bitcoin (BTC) dropped below 95,000 USDT and is now trading at 94,954.773438 USDT, with a 2.71% decrease in 24 hours.
FOR GET DREAMING AND PREDICTING OF #LUNC REACHING $119.
BUT, WE CAN DREAM OF #LUNA REACHING THAT LEVEL. IT IS JUST POSSIBLE LIKE ANYTHING. #LUNA CAN REPEG THE USTC AGAIN AND REGAIN ITS GLORY & RESUME ITS JOURNEY.
i BELIEVE THAT THERE IS A POSSIBILITY THE COMPANY MIGHT HAVE BEEN CONTEMPLATING FOR THIS, AND THERE MIGHT BE SOME PLANS ON ANVIL FOR THIS TOO. BECAUSE, THE #LUNA MIGHT HAVE FALLEN. BUT, THE TECHNOLOGY, ENGINEERS AND THE STAFF MEMBERS, ALL ARE STILL ALIVE. IT IS SUFFICIENT TO REJUVENATE THE PLATFORM.
REACHING $119 DOES NOT HAPPEN IN THE CASE OF LUNC. IT IS OBVIOUSLY SEEN. NOBODY CAN DARE TO TELL THAT.
BUT, I CAN SUGGEST THAT IT HAPPENS DEFINITELY NOT IN THE CASE OF LUNC, BUT, IT HAPPENS IN THE CASE OF LUNA. LUNA CAN REPEG THE USTC, WHY NOT?! NO VALUE IS REMAINED IN THE LUNC. LUNA MIGHT HAVE FALLEN. BUT, THE TECHNOLOGY, ENGINEERS AND STAFF MEMBERS OF #LUNA ARE STILL ALIVE. THEY CAN NAVIGATE THE #LUNA TO A SAFE HAVEN. BECAUSE THERE ARE NO ROAD-BLOCKS FOR THIS.
I STRONGLY BELIEVE THAT THIS HAPPENS.
Premsai
--
LUNA Classic (LUNC)
LUNC and the Hype: Optimistic Predictions: Some suggest LUNC might reach 119 in 2025, but this is speculative hype.Harsh Realities:Token Burning: While reducing supply via burning is positive, its impact is gradual, taking years to significantly reduce the total circulating supply.Market Cap: Reaching 119 would demand a massive market cap, comparable to the largest cryptocurrencies, which is unrealistic.2022 LUNA Crash: The crash severely impacted LUNA Classic (LUNC) and the Terra ecosystem, shattering confidence that still needs rebuilding.Why 119 is Unlikely:Total Supply: LUNC's huge supply, counted in trillions, will take years to reduce significantly through token burning.Market Cap: LUNC's market cap would need to surge to unprecedented levels.Adoption and Use Case: Token burning alone isn't sufficient. LUNC needs real-world adoption and utility to drive its price up.Cautionary Advice:Thorough Research: It's crucial to distinguish between facts and speculative hype to avoid harm.Long-Term Perspective: Hold realistic expectations; LUNA's recovery will be long and challenging.Patience: Rebuilding trust and a stronger ecosystem will take years.Market Sentiment: • Restoring Confidence: Following the 2022 crash, restoring investor confidence in LUNC remains a significant challenge. • Community and Development: For sustainable growth, strong community support and ongoing development are crucial. Transparency and solid roadmaps can help rebuild trust.Key Factors to Watch:1.Regulatory Environment: How regulators approach cryptocurrencies, including LUNC, can impact its future.2.Partnerships and Use Cases: Real-world applications and strategic partnerships can drive adoption and increase utility.3.Technology and Innovation: Continuous improvements in the technology behind LUNC and the Terra ecosystem can enhance its value proposition.Investment Strategy: • Diversification: Spread your investments across different assets to mitigate risk. • Stay Informed: Keep up with the latest news, updates, and developments in the crypto space. • Risk Management: Set realistic goals and understand the risks involved. Never invest more than you can afford to lose.Conclusion:While the hype around LUNC reaching 119 may be unfounded, staying grounded and informed will help you make better investment decisions. The journey to recovery and potential growth is long, but with patience and a strategic approach, you can navigate the crypto landscape more effectively.$LUNC {spot}(LUNCUSDT) #LUNC✅
BEWARE! I EARLIER EXPLAINED THAT BITCOIN IS MOVING DOWNWARDS. ANALYSE THE FIBONACCI RETRACEMENTS. IT SUGGESTS ABOUT BITCOIN THAT IT IS COING UPTO $60,000. I ANALYSE AGAIN. IT GETS SUPPORT AT $60,000 AND RESISTANCE AT $81,000. BEFORE IT MOVES UPWARDS IT GETS SUPPORT AT $75,000 AND THE RESISTANCE AT $95,000. HERE WE SHOULD WAIT FOR BITCOIN TO MAKE AN OBVIOUS BREAKOUT AT $108,000.
HERE WE NEED TO REANALYSE THE DIRECTION OF THE BTC. LET US DISCUSS AFTER BTC REACHING THIS LEVEL, $108,000.
2/2. IT RISES A RECENT HIGH OF $108000 AND FALLS TO $91,000 TO GET THE SUPPORT THERE. $91,000 TO $98,000 LEVEL IS ITS VALUE AREA. THE REST IS JUST A PREDICTION-WORK. IT CAN GO TO $131,000. THIS IS MY PRESENT 1st TARGET.
Binance News
--
Bitcoin's December Price Movement Signals Potential Bearish Reversal
According to BlockBeats, CoinDesk market analyst Omkar Godbole reported on January 3 that Bitcoin reached an all-time high of over $108,000 in December 2024, but closed the month below $94,000. This price movement formed a 'shooting star' bearish reversal candlestick pattern on the monthly chart.
The shooting star pattern is characterized by a long upper shadow, indicating a significant gap between the high and the opening price, with a small candle body showing a minor difference between the opening and closing prices. The upper shadow should be at least twice the size of the body, while the lower shadow is typically very short or absent. In Bitcoin's case, the upper shadow was nearly four times the size of the body, with almost no lower shadow.
This pattern suggests that buyers initially drove the price higher, but sellers gained control near the peak, pushing the price below the opening level, hinting at a potential return of bearish sentiment in the market.
The shooting star appeared after a significant upward trend from $70,000 to over $100,000, warning of a possible bearish reversal. If the price falls below December's low of $91,186, this reversal would be confirmed, marking a critical level for bulls to defend.
Notably, similar long upper shadow candlestick patterns have appeared at previous bull market peaks.
The cautionary signal from the latest shooting star aligns with the broader macroeconomic environment, suggesting challenges for risk assets. This is mainly driven by the Federal Reserve's recent hawkish signals, rising Treasury yields, and a strengthening dollar index.
Despite these concerns, analysts remain confident that the Federal Reserve will retract its recent indication of reducing rate cuts in 2025, thereby supporting the bullish trend for Bitcoin and risk assets overall.