I still consider the 85K scenario likely because this price increase has been very weak and low-volume in the spot market. However, unlike some others, I see this correction as a buying opportunity. In my opinion, the market sentiment will be pushed so negative that few will dare to buy.
As for altcoins, dominance is unlikely to decline. Based on the news and...
After the correction and the liquidity removal around the 90,000 zone, along with U.S. inflation data that increased optimism for a potential rate cut, Bitcoin has once again moved toward the top of the channel. However, in my opinion, this move cannot be sustained for various reasons, including the lack of demand in the spot market.
Therefore, the 85,000...
Bitcoin is in an ascending channel on the daily time frame. Given the proximity of Christmas, it could have a correction market. In the first scenario, a correction to the $80,000 range for me.In the bullish scenario, by breaking through the $108,000 to $110,000 level, we could continue to rise to $120,000,
Bitcoin Mid-Term Analysis If the interest rate cut is done and the US economy does not stagnate, and of course President Trump wins the US election, I will share other possible scenarios for Bitcoin in the coming days.
Before the halving target of $75,000, we will move towards the liquidity area of $34,000, and the final target for the 2024-2025 cycle will be $300,000
