MarketForecast
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Update Alert:
Revised Top 10 Coin Predictions by Dubai Token2049 Experts!
$BTC BTC: Targeting $80,000 by May's end.
$ETH ETH: Expected to hit $4,500 by May-June.
$BNB BNB: Anticipated to reach $650 by May-June.
$SOL: Predicted to hit $350 by May-June.
$DOT: Projected to reach $45 by June.
$Matic: Expected to hit $3.5 by June-July.
$ADA: Anticipated to reach $1.9 by May-June.
$NEAR: Expected to reach $15 by May-June.
$AGIX: Projected to hit $3.5 by June.
$DOGE: Expected to reach $0.45 by June-July.
#Update #CryptocurrencyPredictions #MarketForecast #BullorBear #Megadrop
Revised Top 10 Coin Predictions by Dubai Token2049 Experts!
$BTC BTC: Targeting $80,000 by May's end.
$ETH ETH: Expected to hit $4,500 by May-June.
$BNB BNB: Anticipated to reach $650 by May-June.
$SOL: Predicted to hit $350 by May-June.
$DOT: Projected to reach $45 by June.
$Matic: Expected to hit $3.5 by June-July.
$ADA: Anticipated to reach $1.9 by May-June.
$NEAR: Expected to reach $15 by May-June.
$AGIX: Projected to hit $3.5 by June.
$DOGE: Expected to reach $0.45 by June-July.
#Update #CryptocurrencyPredictions #MarketForecast #BullorBear #Megadrop
🔮📈 Novogratz's Bold Prediction: Bitcoin Set to Bounce Back Stronger after the next dip! 📉💥
Galaxy Digital CEO Mike Novogratz remains unwavering in his optimism for Bitcoin despite the recent market turbulence. In a recent post on X social media, he shrugged off the latest correction as a mere "risk fish," expressing confidence that Bitcoin will soon resume its upward trajectory after weathering the storm.
🌊 The recent market dip, triggered by escalating tensions in the Middle East following Iran's retaliatory strike on Israel, saw Bitcoin experience its most significant single-session drop since the collapse of Silicon Valley Bank (SVB).
💥 Novogratz's Take: Despite the uncertainty looming over geopolitical events, Novogratz remains hopeful for a peaceful resolution. He emphasizes the importance of maintaining calm and avoiding further escalation in the region.
💰 Looking Ahead: Novogratz's bullish outlook extends beyond the current market turmoil. He previously predicted Bitcoin's price to surpass $100,000 in 2024, citing the growing momentum in Bitcoin exchange-traded funds (ETFs) as a driving force behind his optimistic forecast.
📉 Market Dynamics: While Novogratz anticipates favorable micro-financial conditions for the cryptocurrency market, potential delays in interest rate cuts by the U.S. Federal Reserve due to inflation concerns and geopolitical tensions could pose temporary hurdles.
💡 Bottom Line: Despite short-term challenges, Novogratz's confidence in Bitcoin's long-term potential remains unshaken. As investors navigate through market volatility, staying informed and maintaining a long-term perspective are key to capitalizing on opportunities in the ever-evolving crypto landscape. 🚀💪 #BitcoinOptimism #MarketForecast #BullorBear #bitcoinhalving 🌐🔍$BTC $ETH $BNB
Galaxy Digital CEO Mike Novogratz remains unwavering in his optimism for Bitcoin despite the recent market turbulence. In a recent post on X social media, he shrugged off the latest correction as a mere "risk fish," expressing confidence that Bitcoin will soon resume its upward trajectory after weathering the storm.
🌊 The recent market dip, triggered by escalating tensions in the Middle East following Iran's retaliatory strike on Israel, saw Bitcoin experience its most significant single-session drop since the collapse of Silicon Valley Bank (SVB).
💥 Novogratz's Take: Despite the uncertainty looming over geopolitical events, Novogratz remains hopeful for a peaceful resolution. He emphasizes the importance of maintaining calm and avoiding further escalation in the region.
💰 Looking Ahead: Novogratz's bullish outlook extends beyond the current market turmoil. He previously predicted Bitcoin's price to surpass $100,000 in 2024, citing the growing momentum in Bitcoin exchange-traded funds (ETFs) as a driving force behind his optimistic forecast.
📉 Market Dynamics: While Novogratz anticipates favorable micro-financial conditions for the cryptocurrency market, potential delays in interest rate cuts by the U.S. Federal Reserve due to inflation concerns and geopolitical tensions could pose temporary hurdles.
💡 Bottom Line: Despite short-term challenges, Novogratz's confidence in Bitcoin's long-term potential remains unshaken. As investors navigate through market volatility, staying informed and maintaining a long-term perspective are key to capitalizing on opportunities in the ever-evolving crypto landscape. 🚀💪 #BitcoinOptimism #MarketForecast #BullorBear #bitcoinhalving 🌐🔍$BTC $ETH $BNB
Initially ridiculed, now they inquire about the strategy.
I experienced it firsthand.
I was branded "foolish" for buying Bitcoin at $15k, but it marked the market's bottom.
They unfollowed me, when I predicted a bounce at $50k; Now, they are just waiting for any pullback to get in.
The Truth is, many people are sidelined.
I foresee this Bitcoin cycle as the most significant, and the biggest and this will be liberating many of my followers financially.
Ignore at your peril; and you’ll waste this final crypto bull run.
Regrets will abound for those who delay and are not following me earlier.
#Write2Eam #CryptoInsights #MarketForecast #cryptoversehub
$BTC
I experienced it firsthand.
I was branded "foolish" for buying Bitcoin at $15k, but it marked the market's bottom.
They unfollowed me, when I predicted a bounce at $50k; Now, they are just waiting for any pullback to get in.
The Truth is, many people are sidelined.
I foresee this Bitcoin cycle as the most significant, and the biggest and this will be liberating many of my followers financially.
Ignore at your peril; and you’ll waste this final crypto bull run.
Regrets will abound for those who delay and are not following me earlier.
#Write2Eam #CryptoInsights #MarketForecast #cryptoversehub
$BTC
$BTC Alert! We're facing uncertainty with the halving just 9 hours away. Here are the potential scenarios:
1. Bitcoin could dip to $58k or $55k, leading holders to sell, then surge to $70k+.
2. Bitcoin might initially spike to $72k, then dip to $66k, stabilize, and gradually rise.
3. In a worst-case scenario, Bitcoin could plummet below $55k, resulting in substantial losses for investors and impacting other cryptocurrencies negatively. Stay vigilant! #BitcoinAlert #MarketForecast #write2earn🌐💹
1. Bitcoin could dip to $58k or $55k, leading holders to sell, then surge to $70k+.
2. Bitcoin might initially spike to $72k, then dip to $66k, stabilize, and gradually rise.
3. In a worst-case scenario, Bitcoin could plummet below $55k, resulting in substantial losses for investors and impacting other cryptocurrencies negatively. Stay vigilant! #BitcoinAlert #MarketForecast #write2earn🌐💹
Crypto Forecast 📉: Weiss Crypto's report predicts a short-term cryptocurrency price decline, indicating that the 80-day rally may be ending, with Bitcoin expected to find support around $25,000. Despite the current market dynamics, Cardano (ADA) is recommended for future portfolio inclusion as a resilient and innovative project. 📊💹 #Cryptocurrency #MarketForecast #Bitcoin #Cardano 📈📉
ETH is similar to BTC last time at first days ETF trading.
Patiently wait about 7 -10 days to see the bottom.
#BTC500K #ETH #ETFvsBTC #ETF✅ #MarketForecast
Patiently wait about 7 -10 days to see the bottom.
#BTC500K #ETH #ETFvsBTC #ETF✅ #MarketForecast
Which Exchange You Like the most for trade?
If you are using any other exchange, Please Let us know.
Share your opinion with us!!!
#BinanceSquareFamily #tradingpsychology #tradingtechnique #MarketForecast
If you are using any other exchange, Please Let us know.
Share your opinion with us!!!
#BinanceSquareFamily #tradingpsychology #tradingtechnique #MarketForecast
Binance
92%
Bybit
4%
Kucoin
0%
Mexc
4%
27 votes • Voting closed
Today's panic and greed index is 34 and the rating is Fear.
Today's panic and greed index is 34 (yesterday was 39), and the rating is Fear. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s proportion of the entire market (10%) + Google hot word analysis (10%).
#fearandgreedindex #MarketSentimentToday #MarketForecast #BinanceSquareFamily #Binance
Today's panic and greed index is 34 (yesterday was 39), and the rating is Fear. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s proportion of the entire market (10%) + Google hot word analysis (10%).
#fearandgreedindex #MarketSentimentToday #MarketForecast #BinanceSquareFamily #Binance
AUD USD tested the resistance level of 0.67950
#USDTUSDT #MarketForecast #MarketUpdate
#TradingPredictions #BinanceSquareFamily
General outlook
AUDUSD has been under buying pressure within the last couple of hours.
Support levels are now located at 0.67000 and 0.66000.
Now, the resistance level is located at 0.67950.
Analysts recommend opening a Sell order with a stop loss above the previous high.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market
#USDTUSDT #MarketForecast #MarketUpdate
#TradingPredictions #BinanceSquareFamily
General outlook
AUDUSD has been under buying pressure within the last couple of hours.
Support levels are now located at 0.67000 and 0.66000.
Now, the resistance level is located at 0.67950.
Analysts recommend opening a Sell order with a stop loss above the previous high.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market
USD JPY is moving within the 145.830–150.900 range
#MarketSentimentToday #MarketForecast #USDT。 #tradingtechnique #TradingSecrets
General outlook
USDJPY has been trading in a sideways market within the last day.
Support levels are now located at 145.830 and 141.900.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
Now, the resistance level is located at 150.900.The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
#MarketSentimentToday #MarketForecast #USDT。 #tradingtechnique #TradingSecrets
General outlook
USDJPY has been trading in a sideways market within the last day.
Support levels are now located at 145.830 and 141.900.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
Now, the resistance level is located at 150.900.The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
GBP USD is moving within the 1.31300–1.34200 range
#Market_Update #MarketInsights #MarketForecast
#tradingtechnique #usdtgiveaway
General outlook :
GBPUSD has been trading in a bullish trend within the last day.
Support levels are now located at 1.31300 and 1.29350.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level.
In case the breakout is confirmed, analysts suggest opening a Sell order.
Now, the resistance level is located at 1.34200.
The upcoming news will not influence your orders within the mentioned period.
#Market_Update #MarketInsights #MarketForecast
#tradingtechnique #usdtgiveaway
General outlook :
GBPUSD has been trading in a bullish trend within the last day.
Support levels are now located at 1.31300 and 1.29350.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level.
In case the breakout is confirmed, analysts suggest opening a Sell order.
Now, the resistance level is located at 1.34200.
The upcoming news will not influence your orders within the mentioned period.
USD JPY formed a bearish Three Black Crows pattern
#USDTfree #MarketForecast #MarketInsights
#TradingSecrets #Binance
General outlook
USDJPY has been trading in a bearish trend within the last day.
Now, the price displays a bearish Three Black Crows pattern.
The price is ready to drop.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
#USDTfree #MarketForecast #MarketInsights
#TradingSecrets #Binance
General outlook
USDJPY has been trading in a bearish trend within the last day.
Now, the price displays a bearish Three Black Crows pattern.
The price is ready to drop.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
Stable Coin Market Surges $2.21 Billion in a Week as Tether, PYUSD lead the way
#Stablecoins #Write2Earn! #Binance #tether #MarketForecast
$BTC
$ETH
$USDC
The Stablecoin market has seen significant growth recently, expanding by $2.21 billion in around a week between August 9 and August 18. Tether, the cryptocurrency stable coin, was at the core of this increase, contributing 1.26 billion USDT to its supply, which now represents 69.4 per cent of the $168.42 billion stablecoin market. This marks a splendid 2.9 per cent growth for Tether in the last 30 days.
On the other hand, the PayPal-backed PYUSD stablecoin has also witnessed impressive growth. Within just ten days, PYUSD's supply surged by as much as $140.9 million, turning it into the sixth largest stable coin, with a market cap reaching $828.86 million as of August 18. This represents an eye-catching 41.5 per cent surge in PYUSD's supply since mid-July 2024.
Performance of other stablecoins: key observations
In correlation, the performance of other major stablecoins was mixed. USD Coin (USDC) rose 3.3 per cent over the last month. Meanwhile, Makerdao's DAI saw a slight decrease of 1 per cent, and Ethena's USDE dropped by around 9.2 per cent, struggling to maintain its $3 billion market cap.
Further, First Digital's FDUSD experienced a notable 17.2 per cent rise in supply, contrasting with the stagnation seen in other stablecoins like Frax Dollar (FRAX) and True USD (TUSD), among others.
Several other smaller stablecoins also had shown varied results, with Alchemix USD (ALUSD) increasing by 1.1 per cent and Aave's GHO climbing by 19 per cent since July 19. However, Paxos' USDP and Gemini Dollar (GUSD) saw declines of 6.5 per cent and 6.9 per cent respectively.
Thus, the recent surge in the stablecoin market is mainly driven by Tether and PYUSD, indicating a growing desire for these coins within the broader crypto economy. As the market develops and evolves, the performance of these stablecoins will continue to shape the digital asset landscape.
$BTC
$ETH
$USDC
The Stablecoin market has seen significant growth recently, expanding by $2.21 billion in around a week between August 9 and August 18. Tether, the cryptocurrency stable coin, was at the core of this increase, contributing 1.26 billion USDT to its supply, which now represents 69.4 per cent of the $168.42 billion stablecoin market. This marks a splendid 2.9 per cent growth for Tether in the last 30 days.
On the other hand, the PayPal-backed PYUSD stablecoin has also witnessed impressive growth. Within just ten days, PYUSD's supply surged by as much as $140.9 million, turning it into the sixth largest stable coin, with a market cap reaching $828.86 million as of August 18. This represents an eye-catching 41.5 per cent surge in PYUSD's supply since mid-July 2024.
Performance of other stablecoins: key observations
In correlation, the performance of other major stablecoins was mixed. USD Coin (USDC) rose 3.3 per cent over the last month. Meanwhile, Makerdao's DAI saw a slight decrease of 1 per cent, and Ethena's USDE dropped by around 9.2 per cent, struggling to maintain its $3 billion market cap.
Further, First Digital's FDUSD experienced a notable 17.2 per cent rise in supply, contrasting with the stagnation seen in other stablecoins like Frax Dollar (FRAX) and True USD (TUSD), among others.
Several other smaller stablecoins also had shown varied results, with Alchemix USD (ALUSD) increasing by 1.1 per cent and Aave's GHO climbing by 19 per cent since July 19. However, Paxos' USDP and Gemini Dollar (GUSD) saw declines of 6.5 per cent and 6.9 per cent respectively.
Thus, the recent surge in the stablecoin market is mainly driven by Tether and PYUSD, indicating a growing desire for these coins within the broader crypto economy. As the market develops and evolves, the performance of these stablecoins will continue to shape the digital asset landscape.
Bitcoin awaits Powell’s Jackson Hole speech
#MarketSentimentToday #bitcoin #btcupdates2024 #CryptoNewss
#MarketForecast
BTCUSD
Bitcoin (BTC) moved sideways on Thursday after reaching $61,000 on Wednesday following the release of the Federal Open Market Committee (FOMC) minutes.
Possible effects for traders
According to the FOMC minutes, the Federal Reserve (Fed) will likely ease monetary policy at its next meeting, contingent on upcoming data meeting expectations. The minutes also revealed that some policymakers favoured a 25-basis-point rate cut at the July meeting. However, the Fed ultimately decided to keep rates unchanged. As a result, the U.S. Dollar Index (DXY) hit new lows for 2024. Fluctuations in the DXY can influence BTC, as a weakening U.S. dollar (USD) often leads investors to turn to alternative assets like Bitcoin, driving its value higher.On the other hand, global liquidity (M2) is on an upward trend. M2 represents the total money supply within the global economy, encompassing checking accounts, savings accounts, and other liquid assets that can be easily converted to cash. Typically, risk assets like Bitcoin tend to correlate positively with increasing liquidity. The connection between Bitcoin's price and M2 rise signals broader market sentiment and economic conditions. It indicates a loose monetary policy and a growing money supply, often supporting risk assets such as cryptocurrencies. As Cryptonary noted, ‘BTC is the most sensitive asset to liquidity. Historically, a 10% increase in global liquidity has corresponded to a 40% increase in Bitcoin's price’.BTCUSD rose during the Asian and early European trading sessions. Today, all eyes will be on Fed Chair Jerome Powell's speech at the Jackson Hole symposium due at 2:00 p.m. UTC. Powell's comments may cause market volatility, particularly in risk-sensitive assets like Bitcoin. Unlike traditional trading instruments such as stocks and currencies, Bitcoin will continue to react to Friday's news events over the weekend.
#MarketSentimentToday #bitcoin #btcupdates2024 #CryptoNewss
#MarketForecast
BTCUSD
Bitcoin (BTC) moved sideways on Thursday after reaching $61,000 on Wednesday following the release of the Federal Open Market Committee (FOMC) minutes.
Possible effects for traders
According to the FOMC minutes, the Federal Reserve (Fed) will likely ease monetary policy at its next meeting, contingent on upcoming data meeting expectations. The minutes also revealed that some policymakers favoured a 25-basis-point rate cut at the July meeting. However, the Fed ultimately decided to keep rates unchanged. As a result, the U.S. Dollar Index (DXY) hit new lows for 2024. Fluctuations in the DXY can influence BTC, as a weakening U.S. dollar (USD) often leads investors to turn to alternative assets like Bitcoin, driving its value higher.On the other hand, global liquidity (M2) is on an upward trend. M2 represents the total money supply within the global economy, encompassing checking accounts, savings accounts, and other liquid assets that can be easily converted to cash. Typically, risk assets like Bitcoin tend to correlate positively with increasing liquidity. The connection between Bitcoin's price and M2 rise signals broader market sentiment and economic conditions. It indicates a loose monetary policy and a growing money supply, often supporting risk assets such as cryptocurrencies. As Cryptonary noted, ‘BTC is the most sensitive asset to liquidity. Historically, a 10% increase in global liquidity has corresponded to a 40% increase in Bitcoin's price’.BTCUSD rose during the Asian and early European trading sessions. Today, all eyes will be on Fed Chair Jerome Powell's speech at the Jackson Hole symposium due at 2:00 p.m. UTC. Powell's comments may cause market volatility, particularly in risk-sensitive assets like Bitcoin. Unlike traditional trading instruments such as stocks and currencies, Bitcoin will continue to react to Friday's news events over the weekend.
Today's panic and greed index is 26 and the rating is fear.
#fearandgreedindex #fear #MarketSentimentToday
#MarketForecast #MarketActivity
Today's panic and greed index is 26 (yesterday was 26), and the rating is fear. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s proportion of the entire market (10%) + Google hot word analysis (10%).
#fearandgreedindex #fear #MarketSentimentToday
#MarketForecast #MarketActivity
Today's panic and greed index is 26 (yesterday was 26), and the rating is fear. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s proportion of the entire market (10%) + Google hot word analysis (10%).
BTC Trend Down : Time to Sell as Target Drops to $54,000**
Bitcoin's current market trend is showing signs of a bearish movement. A small double top pattern has formed, and the price has already broken below the neckline, signaling further decline. With speculation surrounding the upcoming FOMC meeting and a potential rate cut, BTC has shown little response. If this trend continues, the price may drop further, possibly reaching the $54,000 target.
#bitcoin #BinanceSquareFamily #MarketForecast #BinanceEverywhere #Bitcoin❗
Advice :
It may be time to consider selling as the market heads toward a bearish trend. Monitor key price levels carefully.
Conclusion :
With the confirmed downward trend and little market response to rate cut speculations, Bitcoin may continue its decline, potentially hitting the $54,000 target. Stay cautious and plan exits accordingly.
Bitcoin's current market trend is showing signs of a bearish movement. A small double top pattern has formed, and the price has already broken below the neckline, signaling further decline. With speculation surrounding the upcoming FOMC meeting and a potential rate cut, BTC has shown little response. If this trend continues, the price may drop further, possibly reaching the $54,000 target.
#bitcoin #BinanceSquareFamily #MarketForecast #BinanceEverywhere #Bitcoin❗
Advice :
It may be time to consider selling as the market heads toward a bearish trend. Monitor key price levels carefully.
Conclusion :
With the confirmed downward trend and little market response to rate cut speculations, Bitcoin may continue its decline, potentially hitting the $54,000 target. Stay cautious and plan exits accordingly.
In the four-hour chart, it continues to oscillate, with the Bollinger Bands compressing and opening in a sideways state. The structural oscillation combined with the support of the middle band indicates that the coin price is in a phase of consolidation and poised for a move. Currently, the upper resistance is around the 61000 area. Today, encountering the Friday change point, the main strategy revolves around operating within the upper and middle bands of the four-hour Bollinger Bands.
#MarketSentimentToday #MarketForecast #BTC #Binance #Ethereum
#MarketSentimentToday #MarketForecast #BTC #Binance #Ethereum
Ethereum (ETH) Rejection and Triangle Formation: What's Next?**
#Binance #Etherium #ETH #MarketForecast
#BinanceTurns7
Ethereum (ETH) faced another rejection from its small resistance zone, pressuring the price into a corner within a bullish trend.
Analysts are watching for a break below the lower Bollinger Bands line, which could signal a short setup and break the trend line. Without this break, another resistance test could lead ETH to move towards the 200 EMA.
Traders should monitor this closely as it may define the next price move for Ethereum.
#Binance #Etherium #ETH #MarketForecast
#BinanceTurns7
Ethereum (ETH) faced another rejection from its small resistance zone, pressuring the price into a corner within a bullish trend.
Analysts are watching for a break below the lower Bollinger Bands line, which could signal a short setup and break the trend line. Without this break, another resistance test could lead ETH to move towards the 200 EMA.
Traders should monitor this closely as it may define the next price move for Ethereum.
U.S. Presidential Election Could Push Bitcoin to $90K or Crash to $30K – Bernstein Analysis**
According to a new **Bernstein research report**, the upcoming **2024 U.S. presidential election** will significantly impact Bitcoin's price.
Analysts suggest that a **Donald Trump victory** could propel Bitcoin to as high as **$90,000** by the end of the year. In contrast, a win for **Kamala Harris** could lead to a drop to around **$30,000**.
Trump has been vocal about his plans to make the U.S. a global hub for **Bitcoin and crypto**, vowing to appoint a crypto-friendly **SEC chair** and create a **national Bitcoin reserve**. On the other hand, Harris hasn't addressed crypto in her campaign, and her victory may result in a less favorable environment for Bitcoin.
The report also highlights the current regulatory challenges the crypto market faces, noting that a more **crypto-friendly administration** could eliminate barriers and encourage institutional participation, spurring innovation.
Conclusion :
The 2024 U.S. election is shaping up to be a pivotal moment for Bitcoin, with potential outcomes that could either fuel a **massive rally** or deepen the **market’s downturn**. Investors should watch the election closely.
#Bitcoin❗ #BinanceSquareFamily #MarketSentimentToday
#MarketForecast #BinanceEverywhere
According to a new **Bernstein research report**, the upcoming **2024 U.S. presidential election** will significantly impact Bitcoin's price.
Analysts suggest that a **Donald Trump victory** could propel Bitcoin to as high as **$90,000** by the end of the year. In contrast, a win for **Kamala Harris** could lead to a drop to around **$30,000**.
Trump has been vocal about his plans to make the U.S. a global hub for **Bitcoin and crypto**, vowing to appoint a crypto-friendly **SEC chair** and create a **national Bitcoin reserve**. On the other hand, Harris hasn't addressed crypto in her campaign, and her victory may result in a less favorable environment for Bitcoin.
The report also highlights the current regulatory challenges the crypto market faces, noting that a more **crypto-friendly administration** could eliminate barriers and encourage institutional participation, spurring innovation.
Conclusion :
The 2024 U.S. election is shaping up to be a pivotal moment for Bitcoin, with potential outcomes that could either fuel a **massive rally** or deepen the **market’s downturn**. Investors should watch the election closely.
#Bitcoin❗ #BinanceSquareFamily #MarketSentimentToday
#MarketForecast #BinanceEverywhere
Seeing a rise in $BTC long-term holders' supply can only mean one thing: get ready for a wild ride in the market! 📈
#BinanceLaunchpoolHMSTR #MarketForecast
#BinanceLaunchpoolHMSTR #MarketForecast