BitcoinLong
Bitcoin Keeps Pushing Boundaries: What to Expect This Week?
Looking back at last week’s key events, it’s impossible to ignore the fact that Bitcoin reached a new all-time high (ATH) at $100,950. This is no small feat—it shows that, despite trading at such elevated levels, the market remains highly bullish, and investors are still ambitious, believing in further upside potential.
A Necessary Consolidation to Regain Momentum
As always, upward moves don’t happen in a straight line. Currently, the market appears well-defined between its ATH and a robust support zone between $92,000 and $88,000. This consolidation phase is allowing Bitcoin to “catch its breath” before potentially making another move higher. So far, we’ve only witnessed minor corrections, with pullbacks not exceeding 10% from the recent peak.
Furthermore, over the past two months, Bitcoin’s average price has hovered around $100,000, which is remarkable and a testament to the market's strength.
A High-Stakes Week: US Rate Decision
However, this week could bring a significant amount of volatility, with major economic announcements on the horizon, particularly the US Rate Decision. A surprise from the Federal Reserve could act as a major catalyst, driving substantial market movements.
Stay Vigilant but Seize the Opportunities
In this context, caution is key. Place limit buy orders at strategic levels to take advantage of potential corrections, while closely monitoring economic developments. The market is moving, and opportunities are likely to arise.
While Bitcoin may currently be in a consolidation phase, the bullish momentum remains strong. Stay alert and ready to act—this week could mark another pivotal moment for the king of crypto.
This notification constitutes a marketing communication. The information provided does not constitute a recommendation, offer, or solicitation to buy or sell any crypto-asset. It is not intended as investment advice, and no consideration has been given to the specific investment objectives, financial situation, or individual needs of any recipient. Any decision to act on the information provided is made at the sole discretion of the recipient. SwissBorg disclaims any liability for losses arising from the use of this material. Recipients should consult their own professional advisors before making investment decisions.
A Necessary Consolidation to Regain Momentum
As always, upward moves don’t happen in a straight line. Currently, the market appears well-defined between its ATH and a robust support zone between $92,000 and $88,000. This consolidation phase is allowing Bitcoin to “catch its breath” before potentially making another move higher. So far, we’ve only witnessed minor corrections, with pullbacks not exceeding 10% from the recent peak.
Furthermore, over the past two months, Bitcoin’s average price has hovered around $100,000, which is remarkable and a testament to the market's strength.
A High-Stakes Week: US Rate Decision
However, this week could bring a significant amount of volatility, with major economic announcements on the horizon, particularly the US Rate Decision. A surprise from the Federal Reserve could act as a major catalyst, driving substantial market movements.
Stay Vigilant but Seize the Opportunities
In this context, caution is key. Place limit buy orders at strategic levels to take advantage of potential corrections, while closely monitoring economic developments. The market is moving, and opportunities are likely to arise.
While Bitcoin may currently be in a consolidation phase, the bullish momentum remains strong. Stay alert and ready to act—this week could mark another pivotal moment for the king of crypto.
This notification constitutes a marketing communication. The information provided does not constitute a recommendation, offer, or solicitation to buy or sell any crypto-asset. It is not intended as investment advice, and no consideration has been given to the specific investment objectives, financial situation, or individual needs of any recipient. Any decision to act on the information provided is made at the sole discretion of the recipient. SwissBorg disclaims any liability for losses arising from the use of this material. Recipients should consult their own professional advisors before making investment decisions.
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