🚨⚠️ Bitcoin’s Next Move Could Surprise Everyone ⚠️🚨
Where you see the blue mark is the exact area where I used to explain to all of you every day that Bitcoin had already moved as high as it realistically should. I even made a public post at $82,700 to warn everyone, but at that time many people criticized me. Despite all the criticism, I continued to provide the right guidance, and I still do.
Whenever a project experiences a sharp decline, remember that it usually forms an ABC correction before its next major move. The same thing is happening with Bitcoin right now. In my opinion, the A and B waves have already been completed, and the C wave is likely to come next.
As I mentioned before, from every angle of my analysis, I still expect Bitcoin to revisit the $67K,$69K range first. After that, we could see the start of another major downward rally.
This is only my personal market outlook, not financial advice. I could be wrong, or I could be right. My job is simply to share my analysis and provide honest guidance so that all of you can learn something from it.
🚨⚠️ HYPE Coin Warning: A Repeat of MANTRA (OM)? ⚠️🚨
If we talk about HYPE coin, in my opinion, if you look at its chart on the daily, 3-day, or even the weekly timeframe, you’ll notice that the $58 level is a very important resistance area. I believe the price is likely to get rejected from $58 and then move lower.
The most important point is that its current market capitalization is around $14 billion. There are many stronger and more established projects with significantly lower market caps, so in my view, HYPE is currently looking overbought.
I think its difficult phase could arrive very soon, similar to what happened with MANTRA (OM). Most of you probably remember how OM surged rapidly, became extremely popular, and reached very high levels. However, today the project has lost much of its momentum.
Now, the key thing to watch is whether HYPE gets rejected at $58 or successfully breaks above that resistance level.
Anyway, if anyone needs guidance, feel free to let me know