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- Bitcoin Dips Below $94K: Bears Take Control?
Bitcoin Dips Below $94K: Bears Take Control?
Bitcoin’s price has fallen below $94,000, signaling bearish market control. Analysts predict further short-term corrections despite a strong long-term outlook.
Joe G & Money Talks
December 30, 2024 • Estimated Reading Time: 6 minutes
What we will talk about today...
Bitcoin Dips Below $94K: Bears Take Control?
El Salvador Highlights Bitcoin Success in Talks With China
Robert Kiyosaki Predicts $350K Bitcoin, Criticizes Blackrock
Bitcoin’s price has fallen below $94,000, signaling bearish market control. Analysts predict further short-term corrections despite a strong long-term outlook.
Main Points:
Bitcoin Price Falls: Dropped to $94,000 from its $108,000 high in December.
Bearish Signals Emerge: Taker-Buy-Sell-Ratio and technical patterns indicate potential price drops.
Key Support Levels: BTC remains above its 200-day EMA despite current downturns.
Positive Futures Rates: Long positions still dominate in perpetual futures markets.
Diverging Predictions: Price forecasts range from $80,000 to $400,000 in 2025.
Detailed Insights:
Price Drop: BTC fell 2.67% over seven days, trading at $93,725.
Bearish Market Sentiment: Taker-Buy-Sell-Ratio at 0.92 reflects bear dominance.
Technical Warning: Analysts expect corrections to as low as $80,000.
Safe-Haven Shift: Rising USDT dominance shows risk aversion among investors.
Futures Trends: Positive funding rates highlight long traders’ market confidence.
Regulatory Impact: Trump administration and Federal Reserve policies shape future prices.
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El Salvador Highlights Bitcoin Success in Talks With China
El Salvador emphasized Bitcoin’s role in economic growth during a key meeting with China, focusing on digital infrastructure and bilateral cooperation.
Main Points:
Bitcoin’s Impact: Vice President Ulloa credited Bitcoin for financial growth surpassing $500M.
Infrastructure Projects: Focus on modernizing aeronautical and submarine cable networks.
Strengthened Ties: China and El Salvador discuss digital and economic collaboration.
Bitcoin Reserves: Holdings exceed 6,000 BTC, valued at $560M.
Long-Term Strategy: El Salvador remains committed to Bitcoin despite IMF pressure.
Detailed Insights:
Economic Growth: Bitcoin adoption boosted El Salvador’s state reserves to $500M.
Modernization Plans: "El Salvador Vuela" and "Cable Submarino" improve air and digital connectivity.
Diplomatic Dialogue: China’s ambassador delivered a letter from Vice President Han Zheng.
Bitcoin Holdings: National reserves grew to 6,000 BTC despite global market volatility.
IMF Challenges: Pressure to scale back hasn’t deterred Bitcoin-focused initiatives.
₿itcoin reached $93,725. -1.46%
♢Ethereum reached $3,419. +0.70%
Robert Kiyosaki reaffirms his $350K Bitcoin prediction for 2025, criticizes Blackrock's BTC price suppression, and urges investors to buy amid market turbulence.
Boo Hoo Boo Hoo: BITCOIN CRY BABIES crying about Bitcoin prices dropping down. Rather than say “Thank you” and buying more “Bitcoins”…..cry babies cry. Buy buy buy not cry cry cry. Be grateful Grow up and buy more BC
— Robert Kiyosaki (@theRealKiyosaki)
9:17 AM • Dec 24, 2024
Larry Fink dumping Bitcoin. VIVEK warned Larry Fink of BLACK ROCK is a Marxist. Vivek warned Fink & Black Rock are Share Holder Capitalist not Stake Holder Caplitist. Share Holder Capitalists are Marxist….like Klaus Schwab who state: “Someday you’ll own nothing and you’ll be… x.com/i/web/status/1…
— Robert Kiyosaki (@theRealKiyosaki)
3:25 PM • Dec 27, 2024
Main Points:
Bitcoin Price Target: Kiyosaki predicts BTC will reach $350K by 2025.
Blackrock Critique: Claims Blackrock suppresses Bitcoin prices for institutional buying.
Investor Advice: Encourages buying Bitcoin during price drops, dismisses “cry babies.”
Economic Warnings: Warns of a global crash, urging financial caution.
Safe Assets: Highlights Bitcoin, gold, and silver as resilient in downturns.
Detailed Insights:
BTC Prediction: Kiyosaki sees Bitcoin climbing to $350K by 2025.
Blackrock Allegations: Believes Blackrock manipulates BTC prices for sub-$100K buys.
Buy Strategy: Urges investors to see dips as opportunities to accumulate Bitcoin.
Economic Outlook: Projects instability in the U.S. dollar and global markets.
Crash Strategy: Advocates using crashes to acquire wealth with safe-haven assets.
BUY ONE SATOSHI and get rich.
— Robert Kiyosaki (@theRealKiyosaki)
6:24 AM • Dec 26, 2024
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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results