It is a holiday week for the USA and volumes in cryptocurrencies have also weakened. BTC is below $88,000 again and continues to close below the support line of the bear flag. Jelle, on the other hand, says that the bottom has been clearly determined and cryptocurrencies will be much more enjoyable after the holiday. Today we will discuss the evaluations of 3 different analysts.
Cryptocurrencies Hit the Bottom
Facing failure after his last attempt Bitcoin (BTC) 
$87,966.72 eagerly awaiting Friday’s biggest option close. Altcoins are still at bottom supports and ETFs are not painting a great picture. However, Jelle believes that the bottom has been determined because the MACD is giving a bullish signal.
“The MACD and the three-day bullish divergence are also about to turn upward. I’m pretty sure the bottom has been seen and BTC It will soon reach six figures again.
“Refuel during the holidays and get off to a flying start next year.”
Although Jelle is very confident about this, he also seemed confident in his previous bullish predictions. January will be the period when many bad news come one after another, and cryptocurrencies did not deliver what was desired in December due to the anxiety of this. It would be surprising if Jelle turns out to be right.
Bitcoin (BTC) Predictions
Continuing to trade in a narrow range Bitcoin He made his third attempt to gain bear flag support below but failed. The price fluctuates between $84 thousand and $90 thousand. The fact that the level of 90 thousand dollars has not been exceeded for days strengthens the possibility of a new bottom below 80 thousand dollars.
The analyst with the pseudonym DaanCrypto also points out the rejections from the 200MA/EMA trend on the 4-hour chart.
“This will be the first level that needs to be broken on the upside if it wants to break out of this choppy range.”
His focus is similar. Bitcoin We may soon see volatility increase significantly as it experiences large fluctuations after continuing these movements for a long time.
Poppe says other risk assets are not performing well as commodity appetite has not dried up yet and enthusiasm remains strong.
“Euphoria is like that. During exponential and parabolic returns, in the final phase of parabolic returns, returns will only accelerate. This is currently commodity situation in the markets.
Gold broke its all-time high and reached $4,500.
Silver gained 40% in value in one month.
Platinum gained 40-50% value in two weeks.
Volatility is increasing and it’s great that gold broke its all-time high and continues its rise, but it’s important to remember that there will also be sharp corrections as part of this cycle. Not everything will continue to rise as it is now. “The primary reason why risk assets have not yet accelerated is the focus on commodities.”
