👉 Are you ready for the bull run? Let’s ride this wave together!
ETH is on the verge of breaking its trade line, and once it does, we’ll witness a massive pump! Alts are gearing up for a rally—get ready!
In January, BlackRock bought nearly 31,532 BTC and 17,231 ETH—this is a clear sign that the bull run is coming!
But Why is the Market Down Now?
I mentioned earlier that the market would dip due to monthly closing and Bitcoin dominance being high. This is exactly what's happening. But don’t worry—BTC dominance will soon crash, and the bull run will officially begin!
🚀 Stay with us! We’ll be sharing exact sell targets for top coins.
💡 Important Note: The market may dip a little more, and Bitcoin could drop below $100K (though it’s unlikely). If that happens, it will be the golden chance to invest before the real rally starts!
As of January 31, 2025, Bitcoin is trading at approximately $104,677, experiencing a slight decrease of 0.4% from the previous close.
On the 4-hour chart, Bitcoin is attempting to break above the resistance level, indicating a bullish momentum. However, with the monthly close approaching, there's potential for a market dip due to long liquidation pressures. Bulls are striving to close above $106,000, aiming for a target of $120,000 if successful.
Historically, February has been a strong month for Bitcoin, with average gains of 16.6%. If this trend continues, we could see prices exceeding $120,000 in the coming month.
Given the current market volatility, it's crucial to stay informed and exercise caution in trading decisions.
The Federal Reserve’s decision to keep interest rates unchanged(4.25% - 4.50%) has temporarily stabilized Bitcoin.Whales are also entering into the market. That means we can still hope for a big pump but not too soon.
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The decision on whether the FOMC will increase or decrease interest rates will be announced.
Market experts say there is a 98% probability that interest rates will not be reduced! But there is something even more important than the rate decision!!
I’m talking about Powell's press conference, which will take place today.
Since the last FOMC meeting, several inflation metrics, like Core PPI, have come in lower than expected.
Additionally, due to DeepSpeak, the U.S. stock market experienced a major drop yesterday.
A few days ago, Donald Trump said he wanted to see lower interest rates, and I am hoping that Powell will share something positive in today's press conference!!
If that happens, the crypto market will recover, especially with an altcoin rally.
Do you remember? After the last FOMC meeting, when Powell called for lower rates, altcoin prices surged! Do you remember?
I hope Powell sounds bullish, otherwise, the stock and crypto markets will decline further. 😥😥😥