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CipherX
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$KERNEL
will make
ATH
In my opinion in Q3 🔥
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$BTC has always pumped after the golden cross. In Q3 2023, BTC pumped 48.62%. In Q1 2024, BTC pumped 118%. In Q4 2024, BTC pumped 64.92%. Even if the worst-case scenario happens (48.62% pump), BTC will trade above $150K. And in the best-case scenario (118% pump), BTC will pump above $200K.
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There are 2 major levels in BTC, which I'm watching right now. First one is around $103.8K-$104K, which has nearly $700M in long liquidation leverage. The 2nd level is $106.5K-$107K, which has nearly $1B in short liquidation leverage. Right now, BTC is back above $106K. But I don't trust Sunday pumps. IMO, BTC could retest $104K level again the coming days before reversal towards a new ATH.
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Connect the dots,$KERNEL is gearing up!!
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Iran-Israel and Russia-Ukraine war is on-going. 10-yr bond yields are above 4.5% and 30-yr bond yields are nearing 5%. US tariffs are at its highest level in 100 years. Oil prices are up nearly 40% in Q2. Powell is consistently delaying rate cuts while continuing the QT program. The Buffett indicator is calling for the most overvalued market ever. Moody has downgraded US debt. And yet, BTC is down just 6% from its ATH. If you still don't think crypto is going to take over, you need to rethink your decisions.
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What if $ETH is following the Bitcoin Q1 2024 rally? What if $ETH will drop towards $2.2K before reversal? To be honest, I wouldn't mind a dip before reversal. The biggest reason I think there'll be a dip is due to excessive greed among Altcoin hodlers. Despite alts down 50%-70% from their highs, the futures market is showing some euphoria. This needs to cool down before ETH finally bottoms. After that, ETH will pump again and hit $4K by Q3 2024.
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