Bitcoin price, which exceeded 94 thousand dollars, has not yet started to decline after the US market opening. Maybe something is changing in cryptocurrencies now? James Bull thinks this rise is different from other failed attempts. There have been 6 important developments in the last 24 hours and LIT Coin is in the opportunity zone according to analyst Sherpa.
Can I Buy LIT Coin?
It is one of the newly launched projects and entered the lives of cryptocurrency investors at a very good time. Some projects launch with perfect timing and, if nothing else, strong optimism in the overall market sentiment pushes them higher. Analyst with the pseudonym Altcoin Sherpa LIT Coin He thinks it’s a good opportunity.
“LIT relatively strong… It’s underperforming memes as a sector, but I think if you’re looking for a good basic alternative, this is something to keep an eye on. It’s not a better dex than HL in my opinion, and there are many factors that could potentially cause a decline in the short term (large exits, low revenue, uncertainty around buybacks). However, when all the farmers/sellers leave the market and start chasing new movers (like memes), I think it should eventually make a strong move.
Perhaps the best thing for Lighter right now is to wait and wait for the opportunity. “If you want to trade actively, maybe you should just buy at the breakout and wait until it really starts to move.”
The analyst, who expects at least one big rise, says that when this movement begins, he will enter LIT Coin and profit from the rally.
Ascension and 6 Details
of Bitcoin It’s great that it opened the year at $88,000 and now it’s back to $94,000, and altcoins are poised for bigger rises under the current conditions. Their return from oversold territory after being battered for months will be exciting for cash-only outside investors because insiders have been sitting on losses for quite some time.
James Bull is among those who believe that this rise is not temporary.
“Bitcoin continues to rise non-stop. These are not Short Squeeze, they appear to be normal spot purchases as there are almost no Short positions.
Everyone is waiting for a correction to close the CME gap, but the CME gap was at $80k for 4 months before closing, so it doesn’t need to close that quickly.”
There have been 6 important developments in the last 24 hours, they are summarized as follows;
- Bank of America now recommends allocating up to 4% to Bitcoin and cryptocurrency.
- Trump announced that the United States received more than $600 billion in customs duty revenue.
- Japan’s finance minister supports integrating cryptocurrency into the financial system
- Strategy bought another $116 million worth of BTC as MNAV dropped to 1.
- BitMine received another 32,977 ETH and its reserve increased to 4.14 million Ether.
- ISM Manufacturing PMI was announced as 47.9 against the forecast of 48.3 and is still in a contraction trend.
