#BTC150ksoon #ETH10ksoon šWhy are the fish doing it so early? šš§ Is scenario 1 already running? šš
Bitcoinboy-8686
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$BTC
$BTC FORECAST SCENARIO FOR MARKET TREND WEEK 3/Dec/2024.
šWe see a trend where BTC is pulling dominance towards the 58% range or even stronger at 59%. And you know, this is not favorable for Altcoins at this stage.
The projected scenario for the upcoming week after drinking tea šµ this morning is as follows:
Scenario 1: Capital will flow from Altcoins to BTC from today until the end of December 18, 2024, according to VN time. Projected BTC price range: 104K-~105K. Altcoins will remain stagnant, and may even bleed further. On December 18, 2024, according to US time, there will be news of the FED cutting interest rates by 0.25% based on a survey. And there will be 02 additional intertwined scenarios here. No one knows what the Fed will do š
A1: BTC will be FOMOed and maintain a price above 105K. And at that time, the Altcoin wave will increase slightly by 10~15%.
B1: BTC will plummet straight from the 105K range down to 90K, even though the Fed cuts interest rates (here the interest rate differential between the Japanese Yen and the US Dollar, if the differential is large leaning towards the Yen, then the market will sell off strongly, at this time Altcoins will drop to around 20~30% near the bottom waiting for a rise.
Scenario 2: In December 2024, we see quite good growth for BTC, when the FED cuts interest rates, there will be no conditions at the current level, and the capital will shift to Altcoin.
$ETH WHY HASN'T IT BROKEN THE OLD ETH PRICE OF $4,900 YET?
1. ETH is gradually accumulating in an expanding horizontal range and is slowly increasing on the 3D and weekly frames. Current RSI indicators are in the breakout preparation zone. Remember, the current price of 1ETH < 4,000$ is a gift. š You won't have the chance to buy at this price again in this cycle. (Exactly 45 days later).
2. ETH has already been included in ETFs, and top investment funds have accumulated a significant amount at the previous price range (2K1-2K5). Bitcoinboy has also DCA'd in this range, and when the price adjusted to around 3K4~3K6, there was more DCA (Image 2). Whales are still accumulating in the current range to ensure liquidity for the cycle before the PUMP š as planned. (Accumulation range 3Kā3K2_~3K4).
3. ETH remains a scalable coin and always leads Altcoins in growth waves through various seasons, as ETH grows will increase very, very quickly, just like BTC increased from the 68K range to 98K in just 02 weeks, and ETH will do the same (if you don't believe it, just wait and see). ETH will break the old ATH in 02 weeks, even faster. š When that happens, you'll see how explosive the altcoin waves will be.
4. Once again, Bitcoinboy believes that in this cycle, the price of ETH could exceed 8K. The peak will be 10K at the highest FOMO level. #ETHETFsApproved #ETHOnTheRise