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Bitcoin Price Could Reach $500,000 in the Long Runš
Jeff Kendrick, Head of Crypto Research and Currency Strategy, said in a note that Bitcoin could rise to $500,000 in the long term if investor access improves and volatility decreases.
Standard Chartered expects Bitcoin to rise to $200,000 by the end of 2025, $300,000 by the end of 2026, $400,000 by the end of 2027, and $500,000 by the end of 2028. It was last traded 1.6% higher at $98,241.
Jeff previously predicted that Bitcoin would reach $125,000 by the end of 2024, and it actually reached $108,000, so we can say his prediction has some merit.
However, regarding the annual predictions, do you think there will be a radical change in Bitcoin's life cycle? $BTC
šBitcoin May Be 'Double Topping' for a Price Slide to $79K
BTC looks to be forming a double top bearish reversal pattern on the daily chart.
What to know:
* BTC has put in twin peaks at around $108,000 recently, hinting at a double top bearish reversal pattern. * A move below the double top neckline would confirm the trend change.
Bitcoin (BTC) may drop to $75,000 should it trigger a so-called 'double top' bearish reversal pattern. A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent decline, suggests that the uptrend is losing momentum.
So, an eventual breakdown of the horizontal trendline support, the double top neckline, is said to confirm a bullish-to-bearish trend change. BTC has pulled back to $100,000 at the time of writing, having failed to maintain a foothold above the December high last week. In other words, BTC looks to have formed a double top, with neckline support positioned around $91,300. A UTC close below the neckline level would confirm the bearish reversal pattern, potentially triggering a decline to $79,000. This target is calculated using the measured move method, subtracting the gap between the twin peaks and the neckline from the neckline level.
Quoted from Coindex platform even though we changed the bottom to 79k instead of 75k as according to our analysis. $BTC
- Ripple issued its stablecoin RLUSD after Trump's election and before the previous administration's departure. The timing was no coincidence. - Ripple is accused of pressuring the new administration to include it in the reserve list and exclude Bitcoin.
Our Opinion: Ripple is in its best shape now with two strong catalysts: - Dropping the case with the new administration will earn it a reward to stay away from the strategic reserve decision. - The ongoing skirmishes with Bitcoin and flexing its muscles in front of American banks are enough.
Bitwise has filed an official application to launch the first exchange-traded fund (ETF) dedicated to meme coins such as Dogecoin, aiming to facilitate investment by large institutions and individual investors.
This initiative reflects the growing interest in meme coins as an integral part of the financial market. If approved, the fund will be an important step towards supporting legitimacy and regulation in this sector.
During the week, XRP rose by 12% and Dogecoin by 8% due to factors such as positive legal developments for XRP and continued support for Dogecoin from Elon Musk.
These increases have caught the attention of investors, but they come in a volatile market, which requires caution when investing.
Attention: This is market news and does not constitute investment advice.
š Exciting News! TJRM is now officially LIVE and available on Radium! ššš
To everyone who supported us during the presale, THANK YOU for being part of this incredible journey! š Your belief in the vision is what makes this community so strong.
This is just the beginning! Stay tuned as we gear up for some amazing milestones ahead, including our next steps at the end of January.
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š Together, weāre reshaping the way commerce is done. Letās keep building something extraordinary!
Top 5 people or entities that own Bitcoin: 5ļøā£ USA: 207,189 Bitcoin 4ļøā£ Grayscale: 215,188 Bitcoin 3ļøā£ MicroStrategy: 402,100 Bitcoin 2ļøā£ BlackRock: 507,636 Bitcoin 1ļøā£ Satoshi Nakamoto's wallet contains about 1.1 million Bitcoinsš„š
ā«ļøOn December 31, 2024, MicroStrategy's stock fell by 8% after they announced the purchase of a new quantity of Bitcoin.
š»This drop caused investors to worry about the company's strategy, as they are using debt (leverage) to buy Bitcoin, which could be risky if the price of Bitcoin suddenly drops.
MicroStrategy is known for its strong investment in Bitcoin, buying large quantities of it as part of their strategy. However, their reliance on loans to buy Bitcoin has worried analysts and investors, as the risks could be significant if market conditions change.
What do you think about the situation? Could a drop in Bitcoin's price cause serious problems for MicroStrategy?
š Annual BTC Closing This chart represents annual candles for BTC. With only three days remaining until the annual close, we see a historical pattern: two bullish candles followed by one bearish.
Comparing the current year's performance to the previous one, I anticipate that the upcoming 2025 candle will signal a rise in the next three months, followed by a correction and subsequently a stagnant market.
On the other hand, altcoins are expected to start moving again. We are all aware that the current period is uneventful, with limited market activity. For those who are investors or engage in spot trading, itās a waiting game for profits. Your entry point is excellent and unlikely to repeat.
Volatility is Not Your Enemy: Daily fluctuations are a natural aspect of our market and are not indicative of a loss. The key is not the current moment but the vision over months
The important thing is not just to overcome it, but to maintain stability above it because there are significant sell orders there.
If stability is achieved, the market will recover somewhat. However, be prepared for a correction later. It might correct to $100,000, or perhaps to $90,000-$91,000, depending on the peak it reaches.
If you are an investor, rest easy because it is likely to rise again soon. If you are a trader, may God help you in the coming period, as it will be very nerve-wracking.
Green morning āļø Extreme Greed -Nothing satisfies the eyes of a human being except dust- š¤·š¼āāļø As long as the greed index is high, expect treachery. Even if at first glance it seems like the market is on fire š„
šA big celebration in the world of cryptocurrencies!š
What do you think they are discussing during dinner?
Despite the fact that I boycott this restaurant, this is a photo of President Donald Trump, Elon Musk, and a number of friends celebrating the huge rise they have achieved in the cryptocurrency market.
šThe future of cryptocurrencies looks brighter than ever!š
Currently, currencies are racing to rise and benefit from the limited acquisition of Bitcoin. Currencies that do not move at this time will have a very difficult time holding together when Bitcoin corrects.
Bitcoin has a correction resistance of either 104,000 or 112,000, the difference between them is small.
- What is happening now is excellent for market balance as support goes to the 20-30 currencies in the competitive ranking.
- Huge liquidity will enter to raise the top 10 in the lead. Note that ETH SOL has not moved yet (I think they are waiting for the effect of breaking $100k).
- After them come the small currencies, and their leaps are huge and easy, and God knows best. šššøšøšµšµ