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Ripple Receives Approval for StablecoinMarket Update - December 13, 2024 Amazon shareholders urge the company to allocate 5% of its reserves to bitcoin:  The proposal highlights bitcoin’s outperformance against traditional assets and echoes similar moves by companies like MicroStrategy and Tesla. Crypto liquidations hit $1.5 billion Monday as bitcoin dipped below $95K:  But the world’s largest cryptocurrency rallied past $101,000 on Wednesday after positive inflation data set the stage for a rate cut next week. Ripple's RLUSD stablecoin secures approval from New York’s financial regulator:  The launch will now proceed with exchange and market-maker partnerships already in place. Hong Kong accelerates crypto licensing as global competition heats up:  Plans include streamlined approvals for crypto trading platforms and new regulation for stablecoins. The Cardano Foundation's X account was hacked, leading to fake announcements about a token and an SEC lawsuit:  The breach triggered significant trading activity and community confusion before being addressed by the Foundation. 🫱 Read more here ➕ Topic of the Week: IPOs, ICOs, and STOs – What’s the Difference?
GEMINI:BTCUSD
by Gemini
Bitcoin Outlook \wGenAI assisted analysisGiven that the JP Macro Trend script integrates DeMarker and momentum indicators and now includes the OBV data, we can refine the analysis and attempt to outline a more informed probabilistic outcome for the short and longer term. However, it's important to note that probabilities in market analysis are inherently subjective and can vary widely depending on market conditions and the analyst's interpretation. Short-Term Analysis (1-4 weeks): Bullish Signals: If the price is trending upward, accompanied by rising OBV and the proprietary momentum indicators are in a bullish configuration, the confidence in a continuation of the uptrend might be relatively high. Bearish Signals : If there are any bearish divergences such as price making new highs while momentum indicators and OBV fail to confirm, the probability of a price correction or consolidation might increase. Probability Estimate : If all indicators align and confirm the current trend, one might posit a 65-75% probability of the trend continuing in the short term. In the case of divergences or conflicting signals, the probability might be adjusted down to 50-60%. Longer-Term Analysis (1-6 months): Bullish Scenario : Should the price maintain above significant moving averages, and the OBV continues to show volume backing up the price increases, one could maintain a bullish outlook. Watch for the momentum indicators to remain in a bullish posture without significant divergences. Bearish Scenario : Should the OBV and momentum indicators start to show sustained divergences with price, or if the price falls below key moving averages, one might adopt a cautious stance with a higher probability of a bearish phase. Probability Estimate: With the confirmation of the trend by OBV and proprietary indicators, one might estimate a 60-70% chance of the prevailing trend continuing . Should divergences become apparent, the probability of trend continuation might drop to around 40-50%.
BITSTAMP:BTCUSDLong
by jpantsjoha
Momentum GrowingThe crypto industry and Bitcoiners in particular will remember 2024 as a very successful year. That final bastion of TradFi acceptance, ETFs, was taken. Bitcoin and Ethereum ETFs have attracted more than $34 billion in inflows. Bitcoin crossed that big psychological barrier of $100,000 and is now a 6-figure asset. Total crypto market capitalization exceeded a remarkable $3.6 trillion. BlackRock's Bitcoin ETF, IBIT, has become the most successful ETF ever launched on the market. But as is usual in Crypto, the journey was far from straightforward. Ethereum, and many other Altcoins, lagged behind. Solana paced ahead of other Altcoins and saw more than 300% growth. Memecoins took off. In some parts of the industry, mania took hold. Pump.fun, a platform that enables anyone with a $5 wallet and an idea to create a token in two minutes, saw 4.5 million tokens launched. The Phantom wallet, commonly used for on-the-go memecoin trading, reached top positions in the App store. A particularly low point was reached when Pump.fun temporarily launched a live-streaming feature. When things deteriorated rapidly, pump.fun had to quickly disable the feature. In the last few weeks, momentum accelerated as some of the users who had quit the market with FTX' collapse returned. The prices of 'old' coins such as XRP, Cardano and others, took off. Traders continue to wait for possible pull-backs of BTC to the $80,000-90,000 range. But for now, momentum seems to be building and instead, Bitcoin has ranged above $100k for the longest time so far over the past 24-48 hours. More momentum could be on the way. A very crypto-friendly US administration is coming. US regulatory winds against crypto are likely to shift. All the while, interest rates are likely to drop further, leading to more available liquidity in the market. We all know that History does not repeat but it can rhyme. Bitcoin's price cycles regularly included one year of decline followed by three years of growth. If this trend continues, then 2025 may be the last, and possibly the most explosive year of this bull-cycle. For now at least we can say: momentum is growing.
Long
by Coinrule
BTC Breaks $101,000: BlackRock Advocates 2% Portfolio AllocationBitcoin ( CRYPTOCAP:BTC ), the world’s leading cryptocurrency, has reclaimed the $101,000 mark, riding a wave of institutional endorsements and bullish technical indicators. A groundbreaking paper from BlackRock, the world’s largest asset manager, has highlighted Bitcoin’s potential role in diversified portfolios, suggesting a 1% to 2% allocation as a “reasonable range.” This development comes as Bitcoin surges amid macroeconomic and political tailwinds. BlackRock’s Strategic Endorsement BlackRock’s latest report emphasizes Bitcoin’s place in multi-asset portfolios, comparing its risk profile to the "Magnificent Seven" technology stocks in a 60/40 stocks-and-bonds portfolio. While cautioning against exceeding a 2% allocation due to increased portfolio risk, BlackRock’s endorsement underscores the asset’s growing legitimacy. According to Samara Cohen, BlackRock’s CIO of ETF and Index Investments, “A Bitcoin allocation would provide a diverse source of risk, while overweighting tech stocks amplifies portfolio concentration.” The paper also notes Bitcoin’s low correlation with traditional assets, albeit with significant volatility. Factors Driving Bitcoin’s Rally Bitcoin’s recent surge is bolstered by multiple factors: - Political Support: President-elect Donald Trump’s pro-crypto stance and his appointments of blockchain-friendly officials have revitalized market confidence. - ETF Adoption: The January 2024 launch of U.S. spot Bitcoin ETFs has been a game-changer. These funds have amassed over $113 billion in assets, with $10 billion inflows recorded since Trump’s victory in November. - Institutional Interest: With BlackRock’s IBIT leading the pack, institutional adoption is seen as a harbinger of reduced volatility and enhanced legitimacy. However, BlackRock’s report tempers optimism by pointing out Bitcoin’s historically sharp drawdowns, ranging from 70% to 80%. While wider adoption could stabilize prices, it may also curtail the dramatic gains that attract speculative investors. Technical Analysis: A Bullish Trajectory? Bitcoin’s technical indicators signal potential bullish momentum as it consolidates above $100,000. Here’s a closer look: - Current Price Movement: Bitcoin is up 0.41% at the time of writing, showing resilience after a dip to $96,000 during a selling spree. - Key Resistance Levels: A breakout above the $115,000 pivot could ignite a bullish rally, potentially driving prices to $150,000 by Christmas. - Support Zones: Should consolidation persist, support lies at the 38.2% Fibonacci retracement level, coinciding with $95,000. - Market Sentiment: Bitcoin’s year-to-date growth of 140% underscores robust investor confidence, despite its inherent volatility. Balancing Risk and Reward The BlackRock report advises adopting a “risk budgeting” approach to Bitcoin investments, particularly given its outsized impact on total portfolio risk. While Bitcoin’s low correlation to traditional assets adds diversification, its volatility demands cautious sizing. For investors eyeing Bitcoin’s potential to reach $150,000, the strategy should account for key risk factors, including possible retracements and the evolving regulatory landscape. As institutional adoption grows, Bitcoin could mature into a less volatile but equally vital component of diversified portfolios. Conclusion Bitcoin’s ascent past $101,000, coupled with BlackRock’s ringing endorsement, marks a pivotal moment for the cryptocurrency market. As 2024 draws to a close, Bitcoin remains a high-reward, high-risk asset poised to redefine portfolio strategies. With technical and fundamental indicators aligning, investors are watching closely—whether for the next breakout or the next buying opportunity at key support levels. Will Bitcoin’s rally extend to new heights, or will its infamous volatility temper the excitement? Only time will tell, but the stage is undoubtedly set for an electrifying finish to the year.
BINANCE:BTCUSDLong
by DEXWireNews
BTCUSD - Possible sells?Here is our signal on BTCUSD . Potential short opportunity. As the price on BTCUSD is moving in a “range” we could take this into our advantage and sell BTCUSD at the top of it. With smaller time-frames such as m15 we can see a clear break of the 100k support zone. We can enter into safe sells and target at around 98k. Our entry is sitting at the break of the support zone at 100296 . Our SL (Stop Loss) is sitting at 101273 while our TP (Take Profit) is sitting at 98276 . PARAMETERS - Entry: 100296 - SL: 101273 - TP: 98276 KEY NOTES - BTCUSD broke the support zone on m15. - BTCUSD is trading in a range. - We are at the top of the range. Happy trading! FxPocket
BITSTAMP:BTCUSDShort
by FxPocket
#BTC/USDT Urgent Update!BTC experienced a correction, but it can be seen as just a minor dip compared to the carnage in altcoins. This kind of surprise is bound to happen along the way. One thing is certain: Bitcoin is far from done, and altcoins haven't even begun to show their real potential. Looking at the chart, BTC held the support and looks ready for a new ATH. As long as $90k holds, BTC will likely hit $110- $115k. Dyor, this is not financial advice. If you decide to exit now, the only thing you'll likely do in a few months is regret it. Plan wisely. I will be posting more updates on this week. If you agree, please click the like button and share your views in the comment section. Thank you #PEACE
Long
by Cryptorphic
6
Bitcoin's Critical Juncture: A $100K Test or a Bearish Turn? Bitcoin, the world's largest cryptocurrency, has recently reached a critical juncture. Its price action has formed a key support level that bulls must defend to maintain the upward momentum and potentially pave the way for a new $100,000 price push. A Pivotal Support Level After a period of consolidation and recent price volatility, Bitcoin has found support at a significant level. This level acts as a crucial line in the sand for the cryptocurrency. If bulls can successfully defend this support, it could signal renewed bullish sentiment and potentially trigger a fresh rally towards the coveted $100,000 price target. Bullish Resilience Despite facing headwinds from broader market volatility and regulatory uncertainty, Bitcoin bulls have shown remarkable resilience. The recent bounce from the key support level underscores this bullish sentiment. It demonstrates the underlying strength of the market and the unwavering belief of many investors in Bitcoin's long-term potential. A Glimpse into the Future: A Golden Warning However, a closer look at Bitcoin's performance relative to gold raises some concerns. By analyzing historical price patterns, a potential bearish fractal has emerged. This fractal, when compared to previous market cycles, suggests that Bitcoin may be due for a significant correction, potentially as much as 35%. This bearish signal stems from the fact that Bitcoin's price against gold has reached resistance levels that historically coincided with the start of bear markets in 2018-2019 and 2021-2022. While this fractal analysis provides a valuable perspective, it's essential to remember that market conditions can change rapidly, and past performance is not indicative of future results. The Road Ahead The coming weeks and months will be pivotal for Bitcoin's price trajectory. If bulls can successfully defend the key support level and maintain the upward momentum, a new $100,000 price push could be on the horizon. However, if the bearish fractal plays out, a significant correction may be inevitable. It's crucial to approach Bitcoin investing with a long-term perspective and a risk management strategy. The cryptocurrency market is inherently volatile, and price fluctuations are to be expected. By staying informed, conducting thorough research, and diversifying investments, investors can navigate the complexities of the market and position themselves for potential rewards. Key Takeaways: • Bitcoin has reached a critical support level that bulls must defend. • A successful defense could trigger a new $100,000 price push. • A bearish fractal suggests a potential 35% correction. • The cryptocurrency market is highly volatile, and price predictions are uncertain. Additional Considerations: • Macroeconomic Factors: Global economic conditions, interest rate policies, and geopolitical events can significantly impact Bitcoin's price. • Regulatory Environment: Regulatory positive and negative developments can influence investor sentiment and market dynamics. • Technological Advancements: Ongoing technological advancements in the blockchain space can drive innovation and adoption, positively impacting Bitcoin's long-term prospects. By carefully considering these factors and maintaining a balanced approach, investors can navigate the complexities of the cryptocurrency market and position themselves for potential rewards.
BITSTAMP:BTCUSD
by bryandowningqln
Altcoin 2025 bullrun cycleI think it is no secret to everybody that Bitcoin and Altcoins (including ETH) are very much correlated. But they do have a certain lag in impulses. On the chart you can see altcoin market cap vs Bitcoin market cap (High values). As you can cee, Bitcoin had a new All time high which is ~53% higher than the previous one, while altcoins didn't manage to break the Total market cap ATH. But percentages are not the only thing interesting to us. We are also interested in the dollar delta between them and which one is higher. We only have two major bullish cycles to analyze, therefore any conclusions made frome them may not guarantee that next bull run will be similar. First thing I could notice is that capital flows as follows: new money coming into market first boosts bitcoin and when it goes into its parabolic growth state, Bitcoin market cap is higher than that of Altcoins. And as you can see on the chart, when altoin market cap surpasses bitcoin, it means that most likely that capital inflow into crypto slows down. And most likely it signals near beginning of an overall bear market. I think we should closely monitor this and be ready to start selling when the two lines close once again. Another point of view is the next ATH for both bitcoin and Atlcoins. As I predict in , for bitcoin the next ATH will be around 115-200k and therefore mcap will reach around 3-4 trln. This means that ATH for altcoin mcap will be around 4-5 trln and be ready when CRYPTOCAP:BTC.D becomes lower than 50%. Let's see how this turns out. And by the way total mcap doesn't define each altcoin growth so each coin needs to be analyzed separately.
CRYPTOCAP:TOTAL2Long
by AlexLukyanin
Bitcoin - Preparing For Another +200% Rally!Bitcoin ( BITSTAMP:BTCUSD ) is just starting a major bullrun: Click chart above to see the detailed analysis👆🏻 Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel. Levels to watch: $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
15
ACTSOL/USDT: Strategic Entry Amidst AI and Meme Coin SynergyAct I: The AI Prophecy (ACTSOL/USDT): Strategic Entry Amidst AI and Meme Coin Synergy Trade Setup: - Entry Price: $0.57023 - Stop-Loss: $0.41617 - Take-Profit Target: $1.26514 Fundamental Analysis: Act I: The AI Prophecy (ACTSOL) is a pioneering project that blends artificial intelligence with meme coin culture, aiming to create a unique ecosystem within the rapidly growing Solana network. Since its launch on October 26, 2024, ACTSOL has garnered significant attention, achieving a remarkable gain of over 12,000% shortly after its debut. Technical Analysis: - Current Price: $0.61294 (as of December 5, 2024), reflecting a 5.65% increase in the past 24 hours. - Moving Averages: The 50-day Simple Moving Average (SMA) is at $0.550, and the 200-day SMA is at $0.500, indicating a bullish trend. - Relative Strength Index (RSI): Currently at 65, suggesting that ACTSOL is approaching overbought territory. - Support and Resistance Levels: - Support: $0.500 - Resistance: $0.700 Market Sentiment: The cryptocurrency market is experiencing renewed interest, with ACTSOL standing out due to its innovative combination of AI and meme coin elements. Its recent listing on major exchanges like KuCoin and HTX has increased its visibility and trading volume. Risk Management: Setting a stop-loss at $0.41617 helps mitigate potential losses, while the take-profit target of $1.26514 offers a favourable risk-reward ratio. Given ACTSOL's volatility, strict adherence to these levels is crucial. *When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!* *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Long
by SiriusTrading
2
BTC Bitcoin Bear Market If you haven`t bought BTC before the recent rally: Historically, Bitcoin has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with BTC facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market. While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, BTC could trade below $84K before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.
Short
by TopgOptions