Table of Contents
- 1 When will the music stop for Bitcoin?
- 2 What is a Phantom?
- 3 Temporary promotion: get €25 free at Bitvavo
- 4 **Pentoshi mentions using the rankings on the Coinbase app as a key indicator. How reliable do you find this method for predicting market trends, and are there any other metrics you favor instead?**
The popular analyst Pentoshi gained fame in 2022 with the end of the Bitcoin bull market prediction. Now he again gives some signs that could indicate the end of the gains for the digital currency. “Eventually, at some point, the price stopped responding to good news,” therefore Pentoshi, who sees that as a moment before the end of the bull market.
When will the music stop for Bitcoin?
According to Pentoshi, it is interesting to monitor Coinbase to predict the top of the Bitcoin price. And he is not referring to the platform, but to the popularity of the Coinbase App in Apple’s App Store.
“I’ve mentioned this one in the past, and at the top of the last cycle, but it’s worth repeating for those who missed it. So far it has a 100% success rate. That is reaching the number 1 position in the App Store (not just for finance).
This time I will also check the Phantom app. If everyone shows up there, there will be no buyers left. At the end of the day, this graph just reflects people’s feelings. From greed to fear, and from fear to greed,” said Pentoshi.
What is a Phantom?
Phantom is a wallet for digital assets, where people can store their Solana, Ethereum and Polygon tokens.
It is a popular wallet, especially for Solana. And Solana is actually the blockchain where people dive into memecoins during this cycle. In that regard, it can be a smart move to follow market sentiment in this way.
Pentoshi is correct. Once everyone has unloaded Coinbase and Phantom, there really won’t be much new capital left to flow into the market. At that time, all capital may already be in Bitcoin and the rest of the market.
But of course you still argue that America could establish a Strategic Bitcoin Reserve, or that a party like MicroStrategy would continue to throw billions at it.
Part of the market is not currently dealing with retail investors.
Temporary promotion: get €25 free at Bitvavo
To mark the price increase, the Dutch crypto exchange Bitvavo is offering a special promotion in collaboration with Newsbit: all new customers will receive for a short time €25 free when they create an account through the button below and deposit € 20.
Claim €25 for free and create an account with Bitvavo
Don’t miss this opportunity to benefit directly from Bitcoin’s growing popularity!
2024-11-25 09:01:00
#signs #point #top #Bitcoin
**Pentoshi mentions using the rankings on the Coinbase app as a key indicator. How reliable do you find this method for predicting market trends, and are there any other metrics you favor instead?**
## World Today News Interview: Bitcoin’s Bull Run - Is the Music About to Stop?
**Introduction:**
Welcome everyone to World Today News! Today, we’re delving deep into the world of cryptocurrency with some expert analysis on Bitcoin’s future. Joining us are two prominent voices in the crypto space, [Guest 1 Name and Expertise] and [Guest 2 Name and Expertise], to discuss the recent predictions made by analyst Pentoshi regarding the potential end of Bitcoin’s bull market.
**Section 1: Predicting the Peak:**
* **Interviewer:** Pentoshi has gained notoriety for accurately predicting the end of Bitcoin’s bull market in 2022. Now he’s suggesting we might be seeing similar signs again. Can you breakdown his methodology focusing on the Coinbase app rankings? Do you believe this is a reliable indicator – and why or why not?
* **[Guest 1 Response]:**
* **[Guest 2 Response]:**
* **Interviewer:** Pentoshi also mentions monitoring the Phantom app, a wallet popular for Solana and memecoins. What insights can this provide about market sentiment and potential future Bitcoin price movements?
* **[Guest 1 Response]:**
* **[Guest 2 Response]:**
**Section 2: Retail Investors and Institutional Adoption:**
* **Interviewer:** An intriguing point raised in the article is the role of retail investors versus institutional players. Pentoshi suggests that once retail investors, evident in the Coinbase and Phantom activity, are fully invested, there might be less new capital entering the market. What are your thoughts on this dynamic? Do you foresee institutional investors like MicroStrategy continuing to drive Bitcoin’s price or could other factors come into play?
* **[Guest 1 Response]:**
* **[Guest 2 Response]:**
* **Interviewer:**
Looking further ahead, what potential scenarios do you foresee for Bitcoin’s price in the coming months? Could we see a significant correction, or are there external factors, like the potential for a U.S. Strategic Bitcoin Reserve, that might buffer the market?
* **[Guest 1 Response]:**
* **[Guest 2 Response]:**
**Section 3: Investment Advice and Closing Remarks:**
* **Interviewer:** Many of our viewers are interested in learning more about investing in cryptocurrencies. Given the current market conditions and the potential for volatility, what advice would you offer to individuals looking to enter the Bitcoin market?
* **[Guest 1 Response]:**
* **[Guest 2 Response]:**
* **Interviewer:** Thank you both for your insightful perspectives on Bitcoin’s future. As always, it’s crucial for our viewers to conduct their own thorough research and make informed investment decisions. We appreciate your time and expertise.
**Outro:**
We hope you found this discussion insightful. For more information on Bitcoin and other cryptocurrency news, visit World Today News
**Note:** Please adapt this interview format to fit the specific responses from your guests and incorporate personalized questions based on their expertise and past analyses.
