Bitcoin BTC price movement forecast by the end of 2024 !
Updated
📉 On December 5, 2024, set an absolute record for liquidations on the crypto market - $1.1 billion ($820 million longs + $280 million shorts), breaking the record of August 05, 2024, when it was $950 million.
BTC price dropped to $89-90 thousand, depending on the exchange.
Such a “helicopter” as on the
BTCUSDT chart is launched when all indicators are “overheated” and the market needs to rest, but maintain the trend, i.e. the crypto market's up-trend.
Fear and Greed Index - 71 (greed remains on the market)
Given the fact that altcoins have barely reacted to the fall, we can assume that there will be another wave down.
How do you feel about the option of #Bitcoin price movement 100k 👉 $84-85k 👉 110k and this is all by the end of 2024 ?)
P.S:
also remember that on 18/12/24 the FOMC meeting is to be held, where the FED rate is expected to be cut by at least -0.25%.
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BTC price dropped to $89-90 thousand, depending on the exchange.Such a “helicopter” as on the
BTCUSDT chart is launched when all indicators are “overheated” and the market needs to rest, but maintain the trend, i.e. the crypto market's up-trend.Fear and Greed Index - 71 (greed remains on the market)
Given the fact that altcoins have barely reacted to the fall, we can assume that there will be another wave down.
How do you feel about the option of #Bitcoin price movement 100k 👉 $84-85k 👉 110k and this is all by the end of 2024 ?)
P.S:
also remember that on 18/12/24 the FOMC meeting is to be held, where the FED rate is expected to be cut by at least -0.25%.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Trade active
📉 A new record of liquidations on the crypto market - $1.65 billion ($1.47 billion - longs, $180 million - shorts) over the past 24 hours.
Moreover, mostly altcoins suffered -20-40% in price,
BTC only -2%.
👆 Our Idea warning that this may happen in the near future.
💰 At the moment, the “walls” show that they do not plan to allow the price of #Bitcoin to fall much below 90k, but as the classic said: “we'll see, we'll see!")
BTC.D - 56.8%.
USDT.D - 4.07%.
Fear and Greed Index - 78 (extreme greed)
Our tips for the coming days:
Tomorrow is the US CPI announcement - the forecast is for a deterioration from 2.6% to 2.7%, the greed index has not yet been “cooled down” - the continuation of increased volatility is guaranteed.
And also on 18.12, the announcement of a fresh Fed rate.
Therefore:
1️⃣ eliminate the desire to overclock your deposit or “recoup” the losses by trading with leverage - 99% of your positions will be knocked into a loss or completely liquidated.
2️⃣ place orders for spot purchases of alts low or very low based on current prices.
3️⃣ keep a close eye on altcoins that are being “held” and actively bought back - there is interest in them and the greatest chance of continuing growth.
4️⃣ share in the comments the altcoins that you think are “strong” and will continue to grow soon!
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