Bitcoin Warning: Most Crypto Investors Have Missed This!
Crypto Banter
Bitcoin and Crypto Market Analysis
The current state of the Bitcoin market is uncertain, with a significant drop in trading volume and a potential breakdown below the $93,539 support level.
Key Support Levels
- $80,000 to $85,000: A critical support zone for Bitcoin.
- $78,000: Support level based on the 200 EMA and 50% of the price range.
Market Indicators
- Funding Rates: Have decreased significantly, which could be a sign of leverage being flushed out of the market.
- USDT Dominance: Currently range-bound, with a potential breakdown that could bring new liquidity into the market.
- Bitcoin Dominance: Expected to decrease in 2025, allowing altcoins to catch up.
Altcoin Sector Analysis
- Solana: Finding major support and could be one of the first to bounce back.
- Ethereum: Closer to its 30-day moving average compared to Bitcoin.
- Other altcoins like Cardano and Madick are also approaching support levels.
Market Outlook for 2025
- Expected to be a strong year for altcoins, with a potential decrease in Bitcoin dominance.
- The market tends to top out in the post-harvesting year, which could be 2025.
- A strong Q1 is anticipated, followed by a potential altcoin catch-up.
Competition Reminder
- Guess the price of Bitcoin at the end of 2024 to win a full Bitcoin.
- Participation through links in the description, with sign-up bonuses on various exchanges.