This is an important briefing by Gangescoin on December 7th.
Currently, Bitcoin is at $99,800 and Ethereum is moving sideways near $4,000.
It went up to $104,000 and then went down below $100,000.
$100,000 is a price that has a great psychological stimulus to American investors who lead Bitcoin.
Why didn’t I buy it below $100,000?
Isn’t it because I lacked understanding of coins?
Let’s think about the $100,000 price again.
BlackRaxi Larry Pink has been decreasing since the ETF listing in January of this year.
They said to buy Bitcoin below $70,000, but they didn’t.
The opinion is that those who didn’t do it are entering, even if late.
As shown above,
If you look at the heat map made by Gangescoin,
Microsoft’s shareholder index is scheduled to be released in a few days on December 10th,
and the FOMC rate cut and dot plot announcement is scheduled for December 18th.
We have to see if there is a Santa Rally on December 25th,
but we have to wait and see for about a week after President-elect Trump takes office on January 20th and be careful of the Bitcoin decline.
Currently, individuals are having difficulty buying Bitcoin at the current price, and there is a high possibility that they will buy altcoins that are undervalued compared to Bitcoin.
As Bitcoin surpassed $100,000, Ethereum is also on the verge of surpassing $4,000.
Although Ripple fell to third place in market cap rankings behind Tether,
Bitcoin hit a new high of $104,000 and fell to $995,000, but Bitcoin dominance reached 52% and funds were slightly withdrawn.
Since Bitcoin dominance is falling, a rebound of about 0.5% is expected to be no big problem, and when Bitcoin dominance falls to 40%, a true altcoin bull market and altcoin circulation pumping is expected to begin.
The reason is that even in the 21-year bull market, the dominance fell to the early 30%.
There was an article about whether the Bitcoin bubble has reached its peak,
but the analyst is saying that it hasn’t yet…
Paul Ekins, who is friendly to new cryptocurrencies, has been confirmed as the SEC chairman.
It is expected that the fundamental aspect of the coin will also be strengthened, and all the money in the world is currently being sucked into the US.
Also, US ETF purchases are at an all-time high, and Bitcoin Ethereum ETF prices are also rising led by the US.
