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📅 Wednesday, January 31, 2024 📊 Bitcoin Recap: Range: #Bitcoin fluctuated between $42,655 and $43,882, aligning perfectly with yesterday's prediction. Attempts: A push towards $44,000 was made but hit a wall between $43,700 - $43,800. Current Movement: After dipping to the lower range overnight, Bitcoin is attempting a comeback to surpass $43,000. 💰 Market Overview: Capitalization: Stands at $1.608 trillion. Dominance Index: Slightly down by 0.23%, primarily due to Ethereum's climb nearing $2,400. Bitcoin ETFs: Saw a rise of 0.71% by yesterday's close. 🔄 Altcoin Highlights: Post-overnight drop, $ETH , $LINK , $ETC , RNDR, MKR, PENDLE emerged positively. 💸 Economic Indicators: Dollar Index: Edging close to 103.5 is a concern for the markets. 10-Year Bonds Yield: A decrease here spells good news. 🔍 Corporate Spotlight: Google's disappointing report led to a 5.7% drop in its stocks post-close, predicting a tough day ahead for the company's shares. 🏦 Federal Reserve Meeting: However, commentary from the press conference might hint at future rate adjustments, possibly influencing Bitcoin as well. 📈 Today's Bitcoin Forecast: Primary Scenario: Bitcoin expected to oscillate between $42,500 - $42,300 and $43,800 - $44,200. Alternative Scenario: A potential dip below $42,300. #crypto2024

📅 Wednesday, January 31, 2024

📊 Bitcoin Recap:

Range: #Bitcoin fluctuated between $42,655 and $43,882, aligning perfectly with yesterday's prediction.

Attempts: A push towards $44,000 was made but hit a wall between $43,700 - $43,800.

Current Movement: After dipping to the lower range overnight, Bitcoin is attempting a comeback to surpass $43,000.

💰 Market Overview:

Capitalization: Stands at $1.608 trillion.

Dominance Index: Slightly down by 0.23%, primarily due to Ethereum's climb nearing $2,400.

Bitcoin ETFs: Saw a rise of 0.71% by yesterday's close.

🔄 Altcoin Highlights:

Post-overnight drop, $ETH , $LINK , $ETC , RNDR, MKR, PENDLE emerged positively.

💸 Economic Indicators:

Dollar Index: Edging close to 103.5 is a concern for the markets.

10-Year Bonds Yield: A decrease here spells good news.

🔍 Corporate Spotlight:

Google's disappointing report led to a 5.7% drop in its stocks post-close, predicting a tough day ahead for the company's shares.

🏦 Federal Reserve Meeting:

However, commentary from the press conference might hint at future rate adjustments, possibly influencing Bitcoin as well.

📈 Today's Bitcoin Forecast:

Primary Scenario: Bitcoin expected to oscillate between $42,500 - $42,300 and $43,800 - $44,200.

Alternative Scenario: A potential dip below $42,300.

#crypto2024

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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📆 Thursday, April 4th, 2024 📈Over the past 24 hours, Bitcoin fluctuated within a range of $65,000 to $66,900. 📊Yesterday, stock markets saw growth. The S&P 500 index ended the day with a slight gain at 5211 points. The dollar index dipped a bit but remained sturdy above 104, and the yield on 10-year bonds reached 4.36% - a notably high figure. 💡A decline in the business activity index to a three-month low served as a catalyst for the surge, signaling good news for the market. A broader perspective on why the stock market stands where it does involves the unavoidable Federal Reserve rate cut in 2024, given the situation with the U.S. national debt and various other internal debts. 📉It seems likely that interest rates will end up significantly lower than what's currently anticipated. 🇺🇸💼Today, the U.S. is set to release trade balance and labor market data, potentially stirring market volatility with any surprises. 💸An increasing number of individuals are recognizing the toxicity of fiat in the present economic landscape. 📊🔍Bitcoin's position remains unchanged from its drop earlier in the week, establishing a local low at $64,500, with a support zone between $66,000 and $64,000. This forecast is holding up for now. 🔮The unpredictability of market sentiment underscores that nothing is guaranteed. A sudden surge of FUD could potentially break through not just the $64,000 mark but also dip below $62,000 to $60,000. The current audience quality is considered subpar, with a frightened crowd of "investors" capable of dramatic market moves. In a noteworthy development, Peter Schiff, a staunch advocate for gold over Bitcoin, has paradoxically opened sales for gold and silver bars in exchange for Bitcoin through his SchiffGold company. A pragmatic yet ironic move. 📈Today's key focus remains on a trading range with lower boundaries set at $62,000 to $60,000 and upper boundaries at $68,000 to $68,500. An alternative scenario could see a consolidation above $68,500. #MarketSituation
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The fascinating paradox of meme coins 🤔 lies in their ability to grow more attractively and swiftly than well-established projects with extensive teams and comprehensive roadmaps. 🚀 This phenomenon unfolds solely through the audience's power, where memes bank on being a high-risk gamble: you either face a total loss or score a rapid gain. People jump in, driven by the allure of quick profits, aware that a considerable portion of meme coin enthusiasts are essentially a crowd seeking liquidity, often uninformed or gullible. 💸 Who then end up obediently buying and, just as obediently, losing their investments . 🏄‍♂️ However, a small elite who have mastered the art of catching the wave and adeptly flipping tokens stands apart . They're the ones who recognize the perilous nature of memes - a veritable minefield if one's greed isn't kept in check. The strategy is straightforward: buy promptly, wait out the storm, and sell for a profit, with the early birds closing their hefty sales on the backs of the rest. 🤑 Interestingly, even amidst widespread skepticism or FUD campaigns against a meme, its holders remain undeterred, buoyed by the returns already banked. Why fret when more can be earned? This contrasts starkly with foundational projects, which can falter disastrously under targeted FUD, especially when it hits too close to home with accusations like "the founders are sitting on millions of tokens" or "the project lags two months behind its three-year roadmap." Identifying a robust foundational project is simpler than finding a meme worth investing in, yet the game changes when approached en masse with savvy risk management. Focusing on substantial meme tokens for long-term investment, especially those backed by billionaire founders, could be the key. Think of notable names like Bonk, Pepe, Floki, Doge - with Doge being notably less volatile and perhaps inching towards foundational status, given its potential for mainstream integration, like with PayPal someday. #memecoin⁠⁠⁠⁠
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