DisclaimerThese are personal readings - do not base financial decisions on them until you have done your own research.
If you are a beginner in trading - this is not your place
Why we can see BTC Price > 200k $ ?Size of the global economy:
World: $107,800,000,000,000
Cryptocurrency market share of the global economy:
As of November 14, 2023: The total cryptocurrency market share of the global economy is 0.8%.
As of November 14, 2023: Bitcoin's dominance of the cryptocurrency market is 42.5%.
With the increasing growth of the cryptocurrency market share of the global economy:
The price of Bitcoin is constantly doubling in a sequence. (Do not look at the unnatural jumps and spikes in the chart growth resulting from market manipulation - just read the price timeline on a yearly basis from 2011 to now.)
Therefore, I expect to see Bitcoin prices exceed $200,000 and double towards a number that is proportional to the cryptocurrency market share of the global economy.
Bitcoin Analysis: Important Questions and Answers Date: 10/Mar/2024
Possible Correction: There is speculation that Bitcoin's price might see a correction, bringing it down from the $57,000 range to somewhere between $51,000 and $47,000. This would represent a drop of -20% to -30%.
Market Indicators: The text mentions a "weekly scraper" scenario that looks at Bitcoin's weekly closing price. If it falls below $58,800, it's seen as a sign that a correction is more likely.
Fast Move Expected: The timeframe for this correction is expected to be quick, hence the urgency for decisions today.
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Bitcoin Analysis: Important Questions and Answers Date: 25/2/2024
1. Has the bull market started?
Yes, it has started since breaking the 25,000 level, which was a key resistance level that it has not broken since then. However, there is currently a correction happening in the middle of the bull market.
2. Do the technical predictions match the current movement?
I will constantly updating charts with different numbers to be as accurate as possible.
3. What is the current technical analysis?
The chart shows that Bitcoin broke through the 25,000 level and confirmed its strength by retesting it twice and maintaining it. This was an excellent support level that allowed Bitcoin to jump 110%.
https://imgur.com/gallery/tlacNhvWe also notice three horizontal channels that Bitcoin has respected. It must now maintain channel number 3 to avoid entering channel number 2. Currently, the support levels have risen between 42,000 and 38,000.
It is not a problem for Bitcoin to visit the bottom of the ascending channel between 36,000 and 34,000. The important thing is not to break the ascending channel, as this could significantly change the predictions.
4. What exceptional movement would change Bitcoin's behavior?
If it
reaches the previous peak of 68,000, then there will be a different update.
5. Are there any strong signals to enter the market regardless of the support levels it will stop at?
Yes, I mentioned this before. There were two strong bearish candles with a small gap between them. The condition is that the percentage of each candle's drop should not be less than -15%. This is a scare tactic for a strong direct rise. However, if the drop is gradual, we stick to the numbers mentioned in answer 3.
Disclaimer:
This is not financial advice. Please do your own research before making any investment decisions.
For Alt Coins in 2024:LTC > 120 $
ETH > 4000$, we are very close to see this target
PRTN > 0.4$ >>>> check PRTN here:
https://www.coingecko.com/en/coins/proton-projectPRTN: A Blockchain Company Empowering AI Education, Careers, and Trust
Protona AI project
https://t.me/protona_bot"Unleash the power of PROTON, the groundbreaking project revolutionizing the digital landscape! With its innovative technology and dedicated team, PROTON paves the way for a decentralized future. Join the movement and witness the limitless possibilities of blockchain technology. Embrace the future of innovation and decentralization with PROTON! 🚀🌐 #PROTON #Innovation #Decentralization"
🎯 Target 1:
0.40 $ reach it first time 20/3/2024🎯 Target 2: 0.6 $
🎯 Target 3: 5 $
GFI > 1.75$ >>>> check GFI here:
https://www.coingecko.com/en/coins/goldfinch🎯 Target 1: 1.77$
🎯 Target 2: 2.8$
🎯 Target 3: 4.3$
Maverick Protocol $MAVMaverick Protocol offers a new infrastructure for decentralized finance, built to facilitate the most liquid markets for traders, liquidity providers, DAO treasuries, and developers, powered by a revolutionary Automated Market Maker (AMM).
Contract ERC20 0x7448c7456a97769f6cd04f1e83a4a23ccdc46abd
🎯 Target 1: 0.97$
🎯 Target 2: 1.7$
🎯 Target 3: 5$
NEAR is a Layer 1 blockchain built to be simple, secure and scalable.Smart Contract Platform
Proof Of Stake (PoS)
Coins Alleged As Securities By SEC
Layer 1 (L1)
EigenLayer Ecosystem
Near Protocol Funding Insights
Coinbase Ventures
Pantera Capital
Multicoin Capital
Target 1: 4.6$
Target 2: 6.1$
Target 3: 12$
Reserve Rights RSR
A permissionless platform to launch and govern 1:1 asset-backed currencies.
Blockchains : Ethereum , Energi , Base
Real World Assets (RWA)
RSR Protocol Funding Insights
Coinbase Ventures
Arrington XRP Capital
Target 1: 0.0045$
Target 2: 0.0076$
Target 3: 0.02$
Acala Network ACA
What is Acala？
Acala is the all-in-one DeFi hub of Polkadot. Acala is an Ethereum-compatible platform for financial applications to use smart contracts or built-in protocols with out-of-the-box cross-chain capabilities and robust security. The platform also offers a suite of financial applications including: a trustless staking derivative (liquid DOT), a multi-collateralized stablecoin backed by cross-chain assets (aUSD), and an AMM DEX – all with micro gas fees that can be paid in any token.
Staking
AMM
Decentralized Application (DApp)
Governance
Parachain
Layer 1 (L1)
ACA Protocol Funding Insights
Coinbase Ventures
Pantera Capital
The Spartan Group
Target 1: 0.17$
Target 2: 0.33$
Target 3: 0.6$
I will update my forecasts Weekly
