In partnership with

What we will talk about today...

Bitcoin Slides: Testing $88K-$90K for Potential Bounce

Bitcoin’s price has dropped 11% since its all-time high of $108,360, now eyeing the $88,000–$90,000 range as potential support. Analysts debate whether BTC will rebound or face a deeper correction.

• Main Points:

  • Current Decline: BTC trades at $96,505, down from its Dec. 17 peak.

  • Key Support Zones: Analysts identify $88K–$90K and $97K as critical levels.

  • Bearish Divergence: RSI suggests weakening bullish momentum, echoing 2021’s major correction.

  • Upside Potential: A breakout above $102K could target $114,650, invalidating bearish signals.

• Detailed Insights:

  • Historical Fractals: Similar to December 2023 patterns, Bitcoin may dip to $88K before rebounding to $102K or higher.

  • Long-term Risks: Failure to hold $88K could see BTC test $66.6K or $57K supports.

  • Bullish Scenario: An ascending triangle pattern suggests a bounce at $97K, signaling strength if confirmed.

  • Market Sentiment: Diverging opinions reflect uncertainty, with bulls eyeing $120K and bears cautious of extended drops.

Savvy Investors Know Where to Get Their News—Do You?

Here’s the truth: there is no magic formula when it comes to building wealth.

Much of the mainstream financial media is designed to drive traffic, not good decision-making. Whether it’s disingenuous headlines or relentless scare tactics used to generate clicks, modern business news was not built to serve individual investors.

Luckily, we have The Daily Upside. Created by Wall Street insiders and bankers, this fresh, insightful newsletter delivers valuable insights that go beyond the headlines.

And the best part? It’s completely free. Join 1M+ readers and subscribe today.

Just Clicking The Link Helps Us Continue
For Free Forever

WHAT WE RECOMMEND😉

To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You

Just Clicking The Subscribe Button Helps Us Continue
For Free Forever

BlackRock’s Bitcoin Ad Sparks Debate Over 21M Supply Cap

A disclaimer in BlackRock’s Bitcoin ad questioned the immutability of Bitcoin's 21 million supply cap, igniting heated reactions from the crypto community and developers.

• Main Points:

  • BlackRock’s Disclaimer: Ad stated no absolute guarantee of Bitcoin’s fixed 21M supply.

  • Community Reaction: Critics voiced concerns over corporate influence undermining Bitcoin's decentralization.

  • Developer Responses: Key devs clarified the statement reflects legal caution, not a threat.

  • Technical Reality: Changing Bitcoin’s supply cap is theoretically possible but highly improbable.

• Detailed Insights:

  • Controversy Origin: The ad promoted Bitcoin's fixed supply while disclaiming certainty, prompting backlash.

  • Critic's Concerns: Sebastian Perez criticized Bitcoin devs for perceived silence on decentralization threats.

  • Developer Defense: Adam Back called the disclaimer a legal formality; Charlie Shrem emphasized Bitcoin’s architecture prevents changes without consensus.

  • Technical Context: Peter Todd and Javier Bastardo noted any change would require near-unanimous community agreement, maintaining the integrity of Bitcoin’s design.

Bitcoin’s Path to Recovery: $60K Zone Key for Long-Term Support

Bitcoin’s recent drop has analysts warning of a deeper correction, with whale accumulation zones between $60K and $67K serving as potential long-term support.

• Main Points:

  • BTC Drops to $96K: A $12K dip in two days led to nearly $900M in liquidations.

  • Lower Targets Identified: Analysts project possible declines to the mid-$80K range.

  • Whale Accumulation: On-chain data highlights $60K-$67K as critical support zones.

  • Macro Impact: Hawkish Fed policy and bullish positioning triggered the reversal.

• Detailed Insights:

  • Current Market Status: Bitcoin fell sharply to $96K on Dec. 19, unnerving investors and sparking massive liquidations.

  • Future Outlook: Analyst BitQuant warns $90K is not the market bottom, predicting a dip to the mid-$80K range.

  • Whale Activity: Whalemap analysis shows strong investor accumulation at $60K-$67K, suggesting a potential recovery zone.

  • Macro Vulnerabilities: The Federal Reserve’s cautious rate cut forecast disrupted a risk-asset rally, exposing over-leveraged market positions.

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results