#StockMarket #Bitcoin #Crypto
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🔔 Bitcoin is worth more than $90K: what's next? A few crappy thoughts
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If before the US elections, the forecast of BTC at $80000 looked too optimistic, now it seems that this marathon will not end at $120K either. In a month, the market will start analyzing preliminary trading results for the year, the Fed will make another rate decision, which means that crypto can be traded up and down.
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Crypto withstood Powell's blackmail yesterday, but it is becoming increasingly difficult to restrain the sellers – the BTC has long been in the critical overbought zone. According to the classical theory, there should be a final upward impulse now, after which the price will fall into a deep correction. But it is not happening, and it seems that the market spent all its strength last Wednesday, Sunday and Monday.
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The prerequisites for the pre-New Year season are already in place: now the main volume of BTC on the market is funds, banks and governments, which are unlikely to move the capital to other altcoins when fixing profits. Nevertheless, there are already insider reports that major US banks are sending letters to their clients with headlines "BTC will fall to $80000, sell, hedge, save capital" etc., and the crypto community is strengthening the opinion that both large and ordinary retail volume will run to alcoins and memcoins for quick profits.
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In our opinion, besides the standard SOL, LTC, and XRP, which close every trading day on the plus side, there are a few other popular tokens to check out: DOGWIFHAT (WIF), DOGE (it's a must!), PEPE, GOAT, NEIRO, and a few other smaller tokens. By the way, XRP is reacting to the resignation of Gary Gensler, who caused Ripple so many problems.
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On the one hand, both technical and macroeconomic data should go into correction, but everyone realizes that there are no global problems: the crypto is doing well, and as Trump promises, it will be even better.
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That is, we do not sell BTC yet.
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Profits to y’all!