Bitcoin rally to continue until end of 2025 — Analyst
Bitcoin hit the historic $100,000 milestone despite a lack of price momentum in most major global assets and a backdrop of declining global liquidity.
Bitcoin BTCUSD surpassed the $100,000 high for the first time on Dec. 6, in a long-awaited milestone for crypto history.
The historic peak comes despite sluggish performance across other major global assets. Over the past month, Bitcoin’s price surged by 32%, while oil dropped 6.3%, the S&P 500 fell 1% and gold declined by 1%.
Bitcoin’s rally against other global assets is a promising signal for Bitcoin investors, bolstering analyst expectations that the current bull rally will last until the end of 2025 — in what’s known as the “euphoria stage” in crypto trader slang.
Bitcoin to rally until the end of 2025 in “euphoria stage”
Bitcoin has entered the euphoria stage based on the long-term holder net unrealized profit/loss (NUPL) metric.
This could extend Bitcoin’s rally until the end of 2025, according to Quinten François, co-founder of WeRate, who wrote in a Dec. 7 X post:
“Bitcoin is entering the euphoria stage. You have a maximum of 12 months before the cycle top.”
The NUPL is used to measure whether the overall Bitcoin network is at a state of profit or loss, based on the difference between unrealized profit and unrealized loss among BTC holders.
Another promising sign for Bitcoin’s trajectory is that the all-time high came despite a backdrop of global liquidity, according to James Coutts, chief crypto analyst at Real Vision, who wrote in a Dec. 6 X post:
“Bitcoin has hit new ATHs in the face of a deteriorating liquidity backdrop. If conditions worsen, the rally, while euphoric, can only last for a limited time. If conditions ease from here, then a pullback is warranted, but then off we go again.”
A potential bottom in the global M2 liquidity — an estimate of all cash and short-term bank deposits — also suggests that Bitcoin may extend its rally in the short term before a potential correction.
Based on its correlation with the liquidity index, Bitcoin is set for a “local top” above $110,000 by Jan. 2025, according to Raoul Pal, founder and CEO of follow me BTC more latest update Thanks for reading this post 🥰🥰🥰🥰
XRP has been rejected twice from its $2.4950 resistance on the 15-minute chart candle and has come up twice by touching its support $2.2000. Now XRP will have to face $2.4950 and $2.7875 resistance again to reach $3.0000. XRP has shown a good upward move in the last few days and this upward move can be seen further in XRP and XRP can cross $3.0000. $ETH $BTC #BURNGMT #2024withBinance #ETHCrosses4K #BTCBreaking100KAgain? #XRPGoal
BTC is currently trading near its support $97250. If BTC breaks this support $97250, then BTC can again go to the zone of $94600 to $94800. BTC will have to break its near resistance $98600 to cross $100000 again. Although BTC is in bullish momentum in the long term, but at this time BTC is selling more, due to which small drops are being seen in BTC. Those who trade in future should trade by keeping the support and resistance in mind. BTC is moving below its 200, 100, 20 days EMA on the 15 minute chart, keep this in mind as well. #2024withBinance #BTCRecoveredTo97K #Share1BNBDaily #CryptoMarketHype #AltcoinMarketWatch
ETH future trade 125x leverage = Expert tell what will be achieved first target or liquidation = entry price $3893.70 Target is $3915 and liquidation is $3878
All altcoins cannot give a good rally until BTC dominance falls below 50% because as BTC dominance increases, the price of all altcoins will fall and as BTC dominance falls, the price of all altcoins will increase very fast and follow us for updates. Right now BTC dominance is trading at 56.1%, so even after BTC reaching $104000, the price of altcoins is not increasing.
BTC made a good jump from its support zone of $94600 to $94800 last night and broke its all-time high and reached $104000. Now BTC is holding support at the 20-days EMA on its 15-minute chart. From here BTC can now go up to $1,10,000.
$BTC Price Alert 🚨 ‼️ 🔥🚨‼️🔥🚨‼️🔥 Technical analysis for BTC
BTC is currently trading above its $94800-$95000 zone. Yesterday BTC tried to break this zone but in the very next candle, the Buyers brought BTC above this zone. Now again $97300 is the resistance for BTC and $94800-$95000 is the support zone. $ETH $XRP #BNBHitsATH #Share1BNBDaily #BTC☀ #MicrosoftBTCInvestmentVote #NFTIsBack
$BTC Big update alert 🚨 = BTC Technical Analysis price movement 👍🏻🔥🔥🔥🔥🚨🚨🚨🚨
BTC is currently moving in a range of $94800 to $97300. The resistance zone of $97200 to $97300 is important for BTC. BTC is repeatedly getting rejection from this zone. The lower support for BTC is $94800. BTC moves up from this area until BTC breaks the zone of $97200-$97300 or breaks the support of $94800 below. No major movement can take place until then. Follow us for more updates.
BTC is holding its support at $94800 if btc breaks this support $94800 then the next downside support can go to $91800 if btc is not able to break the support of $94800 then $97200 will be the resistance for btc and btc can go till there for now. Follow us for more updates
As I had told in my previous post about BTC, BTC could not hold the zone of $97200 to 97600 and fell down and I had told that on the downside the support of BTC is $94750, so BTC is moving in the same area and if BTC breaks the level of $94750, then the next strong support for BTC on the downside is $91800. BTC is bullish in the long term but selling is increasing in the short team, so in the future do level-by-level trade after looking at the resistance and support and follow us for more updates.
I told in yesterday's post that if XRP crosses $1.9600 level then the next target will be $2.5000 and $3.0000. XRP crossed its $1.9600 level and hit 2.4900. Now do not take long position until XRP crosses 2.5000 level. XRP is in bullish trend. Now the next target of XRP will be $3.0000. If it crosses its $2.5000 level then on the downside, $1.9600 has become a good support for XRP. Follow us for more updates.
$BTC Alert price movement Technical analysis update
BTC could not hold after crossing its $97200 to $97600 zone, after which it came back down from $98200. Now the next support for BTC is $94700 and now again BTC has to cross the $97200 to $97600 zone and hold above it, only then BTC can cross $100000
XRP is trading at its resistance area of $1.9600. If XRP crosses the $1.9600 level and makes $1.9600 a support, then the next target can be $2.5000 and $3.000. If XRP does not cross its near resistance of $1.9600, then it will fall down and on the downside support can come at $1.5700 and $1.2780. Before trading in XRP, wait for the levels. If XRP goes above its near resistance of $1.9600, then you can take a long position. $XRP $BTC $ETH #Ripple💰 #ThanksgivingBTCMoves #AIAndGameFiBoom #BinanceBNSOLPYTH