And the beginning of 2025, we ask God that it will be a year of success and profit for all
Bitcoin in short: A foggy area that I do not recommend trading in, and I mean specifically entering new deals. Whoever owns currencies must keep them, as the rise continues, as I mentioned earlier, and the currency wave has not started yet
Bitcoin must return above $99,600 in order to talk about a new peak, but now and below this number, I do not recommend recording a new peak
It is not necessary to achieve a new peak for Bitcoin in order for currencies to rise and achieve peaks, but the basic condition, as I mentioned earlier, is a decline in Bitcoin acquisition (BTC.D)
The outlook in general is still positive, but it is necessary to deal with the market logically and according to technical analysis. The currency wave is coming and will satisfy everyone, and I will alert everyone if the conditions for the beginning of the currency rise are met
$BTC Moving inside the initial November range. We just saw a fakeout from the high range at $99,500. The rejection was very strong, so I think we may be heading to the lower range! It is located around $85k, which is both a low, a Fibo level, and a global support! This makes the $85k level the most important for the bulls. If we get a retest or fakeout from this lower range, it will create a unique opportunity to extend $BTC ! With the target set as “new ath”, the risk-reward ratio is insane with any kind of stop loss. However, keep in mind that the bears are also watching this level. If BTC somehow accepts $85k, we are doomed
Historically, after the local high, Bitcoin price started to slow down and there was a big correction, we may see a 15~30% correction during that time, and at that point also, altcoins started to accumulate
When Bitcoin found its bottom and started to recover, it was the beginning of the altcoin season where altcoins outperformed Bitcoin and gave bullish confirmations
Our plans so far (not confirmed yet)
-- Add strong altcoins with interest at current support (with low exposure and less than 5% of total balance)
-- By increasing the coverage of the entire market at critical support, we may chase the trending narrative, and start accumulating more altcoins with strong technical analysis and technical analysis (above 30% of total balance)
-- If we get a "worst case" when Bitcoin price drops to $80,000, we may increase the portfolio to 50% - 60% of market exposure (dollar cost average throughout the tokens that We bought it)
🟢 The Fed's median interest rate forecast (long-term) is actual 3% (forecast 3%, previous 2.875%)
🟢 The Fed's forecast calls for a 50 basis point rate cut in 2025, and another 50 basis points in 2026.
🟢 The Fed's median interest rate forecast (next two years) is actual 3.375% (forecast 3.125%, previous 2.875%)
🟢 The Fed's forecast calls for a long-term rate of 3.0% versus 2.9% in September's forecast.
🟢 The Fed's forecasts indicate that one of the 19 officials sees no cuts in 2025, three see one cut, 10 see two cuts, three see three cuts, one sees four cuts, and one sees five.