Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. I know you all feeling really good because market is on full bull mode. Bitcoin has crossed $80,000, with a 40% recovery in the last week, reaching $83,200. Many investors are uncertain about which altcoins will start pumping. Large-cap coins like Bitcoin, Ethereum, Dogecoin, and Cardano are seeing significant growth, indicating money is flowing into them first. Typically, money flows into large-cap coins first, then mid-cap, and finally small-cap altcoins. Many investors make the mistake of selling their altcoins to chase pumps in other coins, but later realize they sold too soon while their coins continued to rise.
Bitcoin now hit $84,000, and I previously predicted it could reach $88,000. We need to monitor stablecoin deposits on exchanges as they can provide clues about price movements. Bitcoin's CME gap between $78,000-$78,700 is also important, as gaps tend to fill 90% of the time. But be cautious if you're trading with leverage. As for Ethereum, it recently broke its 50% Fibonacci retracement at $3,100. If it holds this level, it could rise towards $4,000, like it did in March 2024. Ethereum's historical patterns suggest it could see parabolic growth after confirming a second higher low. We're entering the final phase of Ethereum's cycle, and a big move could be coming soon, potentially pushing Ethereum to $5,000. Hold your positions and avoid chasing pumps. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!
@abfarhan