#BTCBelow92K Bitcoin major breakdown & big dump just getting started ... $BTC $93k was a major support which has broken & acting as a resistance now. Bear candles with high volume can lead and we have a bear market for a while after that so be aware of this dump which is just starting...
Disclaimmer: Please trade based on your own decision.
$BTC is making a range between $92k to $100k in the meantime #BitcoinDominance is starting to fallback so there is an #Altseason opportunity is here...
Which one you're Bullish on most from these Privacy Coins in this bull market? $DASH $ZEC Which one you're hodling? What are the targets 🎯 for these duo in this season? Hit your price targets for these coins in comments! #Dash #zecash #PrivacyInBlockchain
📈$ETH has been bullish trading within the rising channel in red.
Currently, $ETH is rejecting the upper bound of the channel, so a bearish correction is expected.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green structure and lower trendline acting as non-horizontal support.
📚 As per my trading style: As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Bitcoin's Latest Price Movements, Market Predictions, and Factors Influencing Its Value
Latest Price Movements Bitcoin (BTC) has been experiencing significant volatility recently. As of December 5, 2024, BTC is trading around $103,600, marking a notable increase. The cryptocurrency reached a daily high of $103,600 on the same day. Despite this upward movement, Bitcoin has been rangebound, hovering near the $100,000 mark. This sideways movement has sparked discussions about the potential onset of an "alt season," where alternative cryptocurrencies (altcoins) gain more traction. Market Predictions Market analysts are divided on Bitcoin's future price trajectory. Some predict that BTC could break the $110,000 milestone soon, while others believe it might take until 2025 to reach that level. The broader market sentiment remains optimistic, with the Fear and Greed Index indicating extreme greed. This suggests that investors are confident about Bitcoin's future performance. Additionally, historical trends show that Bitcoin often performs well in the fourth quarter, which could bode well for its price in the coming months. Factors Influencing Bitcoin's Value Several factors are influencing Bitcoin's value at the moment. Increased institutional participation has been a significant driver, with hedge funds and corporate treasuries showing renewed interest in the cryptocurrency. The surge in NFT markets and strong movements in altcoins like XRP have also contributed to Bitcoin's recent performance. Moreover, the ongoing upgrades to the Bitcoin network, aimed at improving security, decentralization, and scalability, are helping maintain investor confidence. In summary, Bitcoin's recent performance has been marked by volatility and rangebound movements, with market predictions leaning towards a positive outlook. Factors such as institutional participation, NFT market growth, and network upgrades are playing crucial roles in shaping Bitcoin's value. What are your thoughts on Bitcoin's current performance and future prospects? $BTC $ETH $BNB #BTC100K! #CryptoHistoricMoment #CryptoMarketHype #CryptoBullMarket #altsesaon