Today I have a price analysis for you, focusing on the price of Bitcoin (BTC) and a 100x crypto project that may be launched soon. First, the market structure for bitcoin looks positive on the higher time frames, with key resistance levels around $85,000 to $90,000. Although the price has risen significantly, I see signs that a small pullback may occur, which offers good buying opportunities.
Bitcoin sets record after record
We’ve seen a strong rally recently, partly due to a short squeeze that drove the price further. However, I would like to emphasize: don’t buy in just based on FOMO (fear of missing out). It is always better to wait for consolidation or pullback patterns, such as around $77,000. If the market falls back to these levels, I will consider new long positions. This is still not true.
After this pullback, there is a good chance that Bitcoin will continue the upward trend, with the first stop against around $85,000 and then $90,000.
As for altcoins, I also shared an interesting opportunity: Sui (SUI), a project that has already made great gains. For those looking for the next big thing, I would also like to announce a new coin, Pangaea, which is still in its seed round. This can be a unique opportunity to get involved at an early stage.
Overall, it is still important to manage your risks and not enter green candles unless there is a clear technical break. I stay focused on my strategy and wait for the right moments to act. Let me know what you think of this review, and don’t forget to leave requests or questions below. Until next time, and good luck trading!
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Bitcoin at its peak: what can we expect from altcoins?
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2024-11-10 20:33:00
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