#BTCโ Bitcoin's New ATH of $111,111 in 2024: A Bold Prediction?**
The crypto community is buzzing with predictions that Bitcoin could soar to $111,111 in 2024. Whatโs driving this optimism? A mix of key historical patterns and current market dynamics:
1. **Bitcoin Halving**: Scheduled for April 2024, this highly anticipated event historically triggers significant price rallies. By halving miner rewards, it creates a supply squeeze that has often led to explosive price growth within the following year.
2. **ETF Adoption Boom**: Bitcoin ETFs are experiencing rapid institutional adoption, with BlackRock and other major players driving billions of dollars in investments. This influx of institutional capital signals growing confidence in Bitcoin as a mainstream asset.
3. **Favorable Macro Conditions**: Potential rate cuts by the U.S. Federal Reserve in 2024 and inflation concerns are increasing demand for Bitcoin as a deflationary hedge. Additionally, the upcoming U.S. presidential election, with pro-crypto policies potentially on the horizon, is creating further bullish sentiment.
Bitcoin has a history of exceeding expectations during bull markets. Could 2024 be the year it breaks past six figures? Share your thoughts below! $BTC
Not looking god tbh. Weekly chart printing a inverted hammer candle IMO. If so $57k could be our major support for a bounce. 14h to close. DO NOT RUSH. $BTC
Mastering Volume Spikes: How Bullish and Bearish Volume Signals Shape Trend Reversals and Breakouts
Understanding volume spikes can reveal a lot about market sentiment and trend strength. A volume surge, particularly when it reaches or crosses a significant threshold like 150% of average volume, can be a powerful indicator of potential trend changes or trend strength. Hereโs a breakdown of how these signals work and how to apply them. What Is a Volume Threshold? A volume threshold (like 150%) is a set percentage increase above the average trading volume, acting as a benchmark to identify unusu
Bitcoin is the brain of modern financeโunpredictable, resilient, and always evolving. Just as the brain fuels innovation, Bitcoin fuels a new age of financial freedom. Are you ready to think beyond boundaries? #Bitcoinโ #CryptoRevolution #FinancialFuture
Keep in mind that weekends normally are sideways. Most likely f them start moving on Sunday afternoon but this one can be different. Beginning of November with US elections in 3 days. Stay alert โผ๏ธ
- TP1 TP2 โ - Bounce bottom of uptrend channel - Break top of downtrend channel - Trend reversal (bullish) On LTF we can see the top of downtrend channel retested.
This is a good sign, but, it can be a trap. Why a trap?!?! Keep in mind thereโs elections next week and a lot of volatility incoming.
Personally Iโll take a few days of trading next week.