Bitcoin (BTC) recently encountered a major resistance level at 49000, causing it to retreat to the previous support zone of 42000. The question now is, what’s coming next? The range between 40700 and 40000 represents the last significant support level for BTC. Should this support zone be breached, a short-term correction zone of 35000 to 32000 is anticipated before the upcoming Halving event.
Looking further ahead, after the Halving, Bitcoin is projected to achieve a target range of 120k to 150k in the 2025 Bullrun. However, in an alternative scenario, if BTC manages to sustain the 40700 zone for an extended period, it will attempt to break the 49000 level once again and potentially rally towards the range of 50k to 51500 before experiencing a final correction down to 38000 to 35000.
It is advisable to consider trading altcoins given that whales are currently actively involved in altcoin trading, yielding significant profits. Two altcoins to watch are \(ARB and \)SUI, as they have recently outperformed the market. Aim to enter altcoin positions at lower prices, particularly focusing on spot trading.
In a bull run, it is recommended to avoid future trading due to the higher likelihood of incurring losses rather than making profits. Instead, it is smarter to engage in spot trading. It’s worth noting that numerous tokens have the potential to achieve 50 to 150 times their current value, so it’s wise to consider taking positions in spot trading. For instance, if you currently have 5000 USD invested, it has the potential to reach 100k to 150k by the end of the Bull Run.
Lastly, it is crucial to avoid falling for scam memes and instead prioritize investing in utility-based projects.
Thank you all for your attention and happy investing!
Tags: #BTC #ETH #sui #BONK #ENS