As Bitcoin enters the $80,000 group, the market sentiment has been gradually pushed up. How much room is there for Bitcoin after $80,000?
- WeChat ID: H98KK6
- No threshold, no fees, no exchange promotion, no trading links
Regarding these issues, my view is: Currently, it is the bull market tail stage, and this bull market started from November 2022, which is exactly 2 years now. Even if it is not the bull market tail now, the BTC around $83,000 has resistance, and there are signs of chip loosening in the early morning of today, which is the first time the hourly chart has fallen below the lifeline since the 6th. All cycle corrections start with changes in the K-line structure of the short cycle, which needs to be taken seriously.
Another big pie reverse indicator, USDT, has reached a low of 4.52 yesterday, and there are signs of a strong rebound upwards, indicating that the bullish side of this indicator is about to counterattack, and the monthly line lifeline at 4.32 is already very close, which is the only signal indicator that can be used as a reference for the big pie. Chip loosening does not mean that the bulls will die immediately, the focus today is still on the changes in the hourly chart K-line of the BTC in the 82,000~83,000 area.
There will definitely be several characteristics of the top, and the current situation is still a bull market, no need to doubt:
1. 99% of people have already made money, and no one is afraid of risks and adjustments;
2. Negative news has started to cool down, but no one will pay attention to it;
3. BTC must have reached overvaluation and bubbles, but no one thinks it is a risk;
4. More than 90% of the Altcoins in the market will rise, and it will be a comprehensive rise, especially those shitcoins, small coins, Altcoins, and obscure coins will rise particularly well;
5. Most people start to say "4-year slow bull" and "break through $200,000", and relatives and friends who don't trade coins start to recommend the crypto circle to you;
Currently, none of these characteristics have appeared!
2 potential coins with 100x upside potential to buy the dips!
1. Shiba Inu (SHIB)
This "Shiba Inu coin" was originally just a meme coin, but now it's no joke, it has its own ShibaSwap, and plans to launch NFT features and a new blockchain Shibarium.
The second largest meme coin has successfully defeated its rivals Tron (TRX) and Toncoin (TON) and entered the coveted top ten. SHIB is currently the 10th largest cryptocurrency with a market cap of $15.64 billion.
At the same time, Shiba Inu has risen an amazing 56.44% in the past few days. The asset's trading price has risen from a low of $0.00001681 to a high of $0.00002765. As of the time of writing, SHIB has retreated slightly, trading at $0.00002652. It has risen 18% in the previous 24 hours.
2. FLOKI
Floki (FLOKI) is currently trading at $0.000174, up 23.98% in the past 24 hours. The market sentiment around FLOKI is generally bullish. The Fear & Greed Index is 69, indicating that investors have a certain degree of enthusiasm and confidence in the asset.
Over the past year, FLOKI has soared 442%, outperforming 89% of the top 100 cryptocurrencies, including major assets like Bitcoin and Ethereum. The asset's trading price is also far above its 200-day simple moving average (SMA) of $0.00002696, currently trading 546.80% higher. The asset has shown persistent strength, recording 15 green days in the past month and demonstrating high liquidity in its market cap.
Market forecasts for November 2024 indicate that FLOKI's price will continue to trend upwards. FLOKI's price could reach as high as $0.000326. Based on recent market performance, its trading price is expected to be between $0.000165 and $0.000561. If these forecasts hold true, investors may expect a return on investment (ROI) of 220.59% by buying at the current price and selling at the predicted higher price.
Looking ahead to December, forecasts show FLOKI may trade in the range of $0.00051 to $0.00078, with an average predicted price of $0.000671. This implies a potential upside of 283.47% from the current level. If this forecast materializes, investors' ROI could reach 345.99%.
Recent performance sharing!
On November 8, the target I gave was YGG, with an initial position of 0.45 and a first target of 0.5 and a second target of 0.53. The target was successfully reached within three days, and the overall trend is still bullish!
SLP also made a simple 10 points, and it's very easy to make 10 points on these short-term trades! Just follow and you'll make a profit directly!
