Every significant piece of news can instantaneously impact price charts. A prime example is BlackRock’s BTC ETF application, which came at a time when the world’s largest asset manager had an almost 100% approval rate for over 500 ETF applications. Many believed that BlackRock was confident in getting the BTC ETF approval, yet the immediate effects on the price chart were not visible. What are the current predictions for BTC, AMB, and altcoins?
Bitcoin (BTC)
Let’s recall the days surrounding BlackRock’s ETF application last year. Some PhD experts commented that BlackRock’s entry into crypto would lead to a crash. However, it was illogical to think that BlackRock and other asset managers would gather hundreds of billions to eliminate Bitcoin directly, as they hold their clients’ assets in reserve. Because we didn’t immediately see the impact of BlackRock on the chart, some were misled. Subsequently, BTC surpassed levels of 30, 40, 50, 60, and 70 thousand dollars, ultimately reaching an all-time high. This did not happen overnight; it took months, similar to the process initiated by the Fed’s interest rate cuts. Analyst Phoenix shared the above graph, emphasizing historical data supporting the bullish expectation due to the king cryptocurrency finding support above the 21-week EMA after halving. CITE_NA: “In the last four-year cycle, #Bitcoin found support at the 21-week EMA after a halving correction. This time we found support at the 50-week EMA. BTC is about to close again above the 21 EMA. The future looks bright, so be prepared.”
Altcoins and AMB Coin
The second major crypto analyst, known as Nagato, does not view the current total cap chart as a work of art. He expresses difficulty in understanding the declining trends, arguing that the chart reflects upward potential for three reasons: the formation of a bullish flag and cup handle, and the jumps seen at the 61.8% and 50% Fib levels along with significant FVGs. CITE_NA: “Is that enough? I can continue with other indicators, but let’s keep it simple. As you likely already know, my personal view is that the crypto market can easily melt the resistance areas visible on the chart – going much higher and faster than most can imagine. It has been accumulating for months – all we need is for $BTC to reach new highs, and then the snowball effect will be wild. However, I haven’t seen a parabolic rise without some brutal corrections along the way. So be ready for volatility.”
Conclusion
Finally, the third crypto analyst, known as Moustache, pointed out that the prolonged downturn for AMB Coin is nearing an end. Sharing the following graph, the analyst argues that the introduction of liquid staking could trigger a rally. CITE_NA: “The introduction of liquid staking could trigger a rally for AMB Coin.”
Ongoing study and analysis of historical data, current trends, and technological innovations continue to shed light on potential growth paths for Bitcoin and altcoins.
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