📈 Analysis and Prediction (OP and BTC):
#op - After consolidating around $1.30, the price of #optimism will gradually rise above $1.50. Data from IntoTheBlock's Global In/Out of Money Around Price, reflecting the distribution of entry prices of current OP holders, confirms this thesis. However, initially the asset will have to overcome resistance from 96,170 addresses that bought 811,710 tokens at an average price of $1.48. If the price of Optimism drops below $1, the initiative will shift to bears. A large cluster of 94,400 wallets that acquired 2.4 billion tokens at the minimum price of $1.04 will try to prevent further decline. But if it doesn't hold, OP awaits further immersion.
#btc - This week, there was noticeable activity in the cryptocurrency market in anticipation of the Federal Reserve's decision on the key rate. #bitcoin has made several attempts to establish itself above the $27,000 level but has failed to sustain growth. Research company Fundstrat suggested that due to the halving, the price of BTC could jump over 500% compared to the current value and reach $180,000. Standard Chartered, specializing in banking and financial services, predicted that the price of the oldest cryptocurrency could grow to $50,000 this year and reach $120,000 by the end of 2024. However, renowned cryptocurrency analyst Benjamin Cowen shared a sobering forecast for Bitcoin's trajectory. He suggested that after a few weeks of trading in a narrow range, the price of BTC could fall to the $23,000 mark.