GizeMan Ethiopia

Shiba Inu reaching $1 is highly unlikely in the near future. Currently, the price of Shiba Inu is around $0.00001884 ¹. While some predictions suggest it may increase to $0.00004116 by February 2025 ¹, reaching $1 would require a massive surge of over 5,300%.
Potential Price Ranges
- Short-term: $0.00001760 to $0.00004116 (February 2025) ¹
- Long-term: $0.000021 to $0.000026 (2025-2030) ²
Keep in mind that cryptocurrency markets are highly volatile, and predictions are subject to change. It's essential to do your own research and consider multiple sources before making any investment
#Shibalnu $SHIB

$TRUMP

$SOL

🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next?
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An intriguing technical analysis on X was recently released by top analyst Jelle, suggesting a possible change in the market dynamics. In the price discovery phase, assets test new highs owing to heightened purchasing pressure, TOTAL3, a market cap index that does not include BTC and Ethereum, seems to be ready to enter, according to Jelle. Supporting this view is the recent breakdown of Bitcoin dominance, a metric for BTC's proportion of the whole cryptocurrency market, which indicates a decline in BTC's hegemony.

All of these signs point to the beginning of an alt season, when cryptocurrencies other than Bitcoin perform better than Bitcoin. The situation seems to be ideal for altcoins to attract investor interest, as BTC stabilizes at key levels. The next weeks have great significance in deciding if this trend gathers steam, which might alter the global picture for 2025.

A New Season Is Arriving

When it came to 2024, Bitcoin was unrivaled, setting new records and firmly establishing itself as the market leader. Though a change in market dynamics may be approaching, BTC's strength remains evident as 2025 progresses. This year may follow a pattern where cryptocurrencies gain traction and Bitcoin's supremacy dwindles.

These changing dynamics were recently shown by top analyst Jelle's in-depth technical study of TOTAL3 and Bitcoin's supremacy. Entering price discovery, a period when assets seek new highs driven by heightened demand, seems to be in store for TOTAL3, an index that tracks the market cap of cryptocurrencies excluding BTC and Ethereum. At the same time, Bitcoin's market dominance has just seen a major collapse, which might mean that altcoins could soon be attracting more investors than Bitcoin.

An alt season is triggered when liquidity floods into altcoins while Bitcoin stabilizes at crucial levels, according to Jelle's study. Historically, cryptocurrencies have performed better than BTC during these times, giving diversifiers a considerable return on their investment.

With Bitcoin's solid base and altcoins' ability to exceed, 2025 is shaping up to be an incredible year for the cryptocurrency sector as a whole. The potential for cryptocurrencies to thrive is growing as TOTAL3 approaches price discovery and BTC's dominance dwindles.

Prices: Crucial Levels to Keep an Eye On

At $97,900 per coin, Bitcoin is presently challenging the critical 4-hour 200 MA at $98,139. If the bulls can reclaim control and push the price of Bitcoin beyond $100,000, then this level will have become a critical turning point. The market would indicate a return to bullish momentum and set the stage for a robust breakout if it could regain and maintain its position above this level.

Nevertheless, investors are being cautious, and a lengthy consolidation phase may ensue if Bitcoin is unable to maintain a price above the 4-hour 200 MA. Traders and investors will have to exercise patience during this sideways trend. The 4-hour 200 EMA (Exponential Moving Average) around $95,881 is the important support level to keep an eye on. If this level is lost, it may mean a more significant correction is on the horizon, which might lead to a return to lower demand zones.

How far Bitcoin goes in the near future will be determined by its capacity to stay above the 4-hour 200 MA and continue to rise. It would be a positive sign if the price could maintain a level over $98,139 and break out above $100,000. On the other side, if prices fall below the 4-hour exponential moving average (EMA), the market can be left unsure and the subsequent leg of the recovery might be delayed. The course of Bitcoin will be decided in the next several days.

#altcoins #bitcoin