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BTC mid-term analysis BTC has staged an impressive rally, surging by approximately 80% since the validation of the ETF. There have been few notable obstacles along the way. Currently, BTC prices are confronting a significant juncture, encountering monthly resistance. Historically, BTC has been rejected at this level twice before, once in May 2021 and again in November 2021. The question now arises: will history repeat itself? There are two possible scenarios to consider: Scenario A: BTC may undergo a period of consolidation in the coming weeks, potentially leading to a significant correction. Scenario B: Alternatively, BTC could breach the monthly resistance and soar to levels as high as 90K-100K before experiencing a correction. Should scenario A materialize, I anticipate a final pump in altcoin prices before they too face correction alongside BTC. However, if scenario B happens, BTC would likely sustain its bullish momentum, leading to an increase in BTC dominance (refer to the attached screenshot). For now, I'll focus on these two scenarios before attempting to predict what lies beyond. Which scenario do you prefer or anticipate?
by evasivesteering
6
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Short
by Abdukadir_Hunter
WLD/USDT: Immediate Market Entry After Support Bounce, 1:2 R/RWLD/USDT has just rebounded from a key support zone, indicating a bullish signal for immediate market entry. We're capitalizing on this bounce with a trade that targets a risk/reward ratio of 1:2. This setup is ideal for traders looking to leverage quick moves after support rejections, aiming for substantial gains as WLD/USDT seeks higher levels. Ensure to manage your trade actively, keeping an eye on volume and price action for continued support affirmation.
Long
by IamForexTrader_com
Weekly Coin chartThis is the weekly view of my daily chart I posted earlier. The momentum is clearly very strong and after that bounce off the EMAs, coin is pushing against a resistance here. All we need is a little pop from BTC. Thursday is historically the least volatile day for BTC so I do not think it will happen after market today. A retest of the teal fib before another push would be better long-term. -We already hit my first target of 250$ -My second target remains 279$, I think we see this in less than two weeks
NASDAQ:COINLong
by Apollo_21mil