Dear Readers,
We have witnessed the sharp decline after the hawkish comment by the SEC Chair Jerome Powell on Crypto in last week during the Press Conference after the interest rate cut by 25 basis points.
BTC which touched 108K has fallen and touched 92K levels which registered 15% fall.
But what it matters is that at this lower level BTC was seen high buying interests.
The price of 92k acted as a strong support for BTC with trendline and Fibonacci 786 levels also.
We have already covered quite a few posts in this aspect before. Those who have missed and want to read please read my previous articles.
At the time of writing this article the global crypto market cap is valued at 3.32 Trillion which is lower by 3.18%.
BTC is trading at 95529 level with a lower of 3.21% from yesterday.
If you analyse the halving analysis of BTC halving from the past that happened 2016, 2020, 2024 the parabolic movement in BTC is to be happened hereafter.
The parabolic movement of BTC was seen after 8-9 months of BTC halving.
In the same line, BTC just started this momentum now only.
So don't consider the bull market was over.
The sparkling movement of BTC is yet to start and witness.
There are high chances that BTC would go to 140-150K in the future.
It is expected to touch the peak during the next October-November in 2025.
There may be some ups and downs but the line of rally and movement is towards the high only.
To support this, you have already heard many positive news for BTC as well.
Once the Trump Government is taking over, there will be more pro-crypto policies and concrete actions which would help this move.
Imagine the price of BTC if Government stake BTC in the future?
Let's also wait how Trump would build the BTC stock pile in US also. This will be a major move.
So take calculated risks, use the opportunities in the crypto markets and stay with profits.
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