The market showed some potential bullish signs here today…📈
BTC hit 95k, with other alts like SOL and XRP pumping 4% and 14% respectively. The futures premium is about to flip positive, which has historically been a signal for euphoric market conditions and bullish movement. The last few times this happened, Bitcoin showed significant upward moves.
Bitcoin divergence also flipped positive today, which is typically a great sign, as it indicates momentum shift and buyers stepping in at higher levels, even if the price hasn't moved significantly. ✅
The first day of the year having a small rally is a great sign, as it indicates bullish momentum going into Q1. Macro trends are also pointing towards a new high, especially with Trump’s inauguration coming up. These dips are only short-term noise.
Obviously it is still very early to tell, as the markets could very well slip again, but I think that the odds are in favour of us starting the year trending upwards.
This will be an exciting focus as we step into 2025, many opportunities lie ahead! 👀
BTC hit 95k, with other alts like SOL and XRP pumping 4% and 14% respectively. The futures premium is about to flip positive, which has historically been a signal for euphoric market conditions and bullish movement. The last few times this happened, Bitcoin showed significant upward moves.
Bitcoin divergence also flipped positive today, which is typically a great sign, as it indicates momentum shift and buyers stepping in at higher levels, even if the price hasn't moved significantly. ✅
The first day of the year having a small rally is a great sign, as it indicates bullish momentum going into Q1. Macro trends are also pointing towards a new high, especially with Trump’s inauguration coming up. These dips are only short-term noise.
Obviously it is still very early to tell, as the markets could very well slip again, but I think that the odds are in favour of us starting the year trending upwards.
This will be an exciting focus as we step into 2025, many opportunities lie ahead! 👀