Some Altcoins are making it pretty clear that the bear market is over, that Cryptocurrency is moving within a bullish wave and the fact that more growth is possible now; This bullish wave has more to give.
Maker (MKRUSDT) broke all patterns, while it hit a major low in June 2023, the action that followed this low is 100% bullish. No retraces, no corrections just straight up and this week Maker is at it again, full green.
Speaking of the charts technicals, the main point to consider is a long-term higher low. A bottom low was hit late 2020, a higher low confirmed December 2022 and June 2023 the final drop before the current situation.
This week Maker is aiming for 1,727 as the next target, it is trading higher than last week and it seems a 3 weeks retrace period has ended. A higher high can push prices even higher towards 2,191.
At this point everything might stop but if the excitement is strong, if the news are really good, if many new players join to participate in the Cryptocurrency market, then even higher is possible with 2,477/2,654 being this wave final price resistance range.
The timing would be between now and January or whenever the Bitcoin Spot ETF is announced.
While a major correction is expect after this wave peaks it is not the end, this correction will lead towards an even stronger higher low, compared to June 2023 and then a new All-Time High in the ensuing bullish phase.
It doesn't matter how far up it goes now nor how long it takes, we are set to see bullish, be bullish and grow in 2024; Long-term growth for all the major Cryptocurrency trading pairs.
It will be a year for the record books, we will have Banks, Crypto, Cash, Credit & Gold working all together... The world continues to evolve and change.
Join the evolution. Free money will allow for tons of innovation just like it happened with the launch of the Internet and the World Wide Web. We are living in great times. Live is good!
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