We're approaching our 1.0 ratio on the trend-based Fibonacci, so hold tight as another significant upward push is likely coming. Yesterday’s positive news of a second rate cut had a strong impact, adding momentum to our movement. Once the RSI reaches the overbought zone, we can expect a consolidation phase to cool off while keeping the uptrend intact, setting the stage for another push higher.
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BTC dominance appears to have peaked and is now attempting a sharp decline. The last time this happened, the entire market experienced a strong upward trend.
USDT.D has broken down below its Golden Fibonacci ratios at 0.65 and 0.618. This could be a great time to buckle up and hold as we prepare for a potential surge ahead!
Historically, Bitcoin's average monthly returns in November have performed exceptionally well during bull markets.
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