BITCOIN DROPS BELOW $92K ERASING WEEKLY GAIN

in blurt •  19 days ago 

📉 Bitcoin Drops to $92K, Erasing Weekly Gains

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📊 Market data shows a demand-supply imbalance as buyer interest in Bitcoin cools, reports FalconX. Liquidity analysis reveals a tightening near $100K levels, similar to patterns seen only three times since 2022. 🧐

💡 Key Insights:

▪️Liquidity imbalance suggests a tough battle ahead to surpass $100K, though it doesn't threaten the medium-term rally.

▪️Bitcoin dominance fell from 60.1% (Nov 21) to 57.4% (Nov 26), indicating a shift of funds into altcoins.

🏦 Macroeconomic factors, like potential slowing rate cuts signaled by Fed Chair Jerome Powell, are also weighing on BTC.

Long-term outlook? Experts remain optimistic despite the current correction. 🚀

🔝TOP-20 crypto projects by “bearish sentiment” of the crowd

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  1. Chainlink #LINK
  2. Ethereum #ETH
  3. Bitcoin #BTC
  4. Solana #SOL
  5. Ripple #XRP
  6. Optimism #OP
  7. Polygon #MATIC
  8. Sui #SUI
  9. Cronos #CRO
  10. Fantom #FTM
  11. Avalanche #AVAX
  12. Cardano #ADA
  13. Render #RENDER
  14. Floki #FLOKI
  15. Pepe #PEPE
  16. Toncoin #TON
  17. Filecoin #FIL
  18. Injective #INJ
  19. ShibaInu #SHIB
  20. Tron #TRX

💡Tokens with the most bearish narratives of the crowd historically have high chances of growth."

📈 Analysts at Standard Chartered have forecast a 500% increase in Solana by the end of 2025.

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🪙 The cryptocurrency Solana could surge by 500% by the end of next year if Donald Trump wins the U.S. presidential election, according to Standard Chartered analysts.

They also pointed to the potential for significant growth in Bitcoin and Ethereum during this period.

🚀 In the event of Kamala Harris's victory, experts expect Bitcoin to outperform Ethereum, while Solana would rank third in terms of growth among these assets.

↗️ According to the forecast, regardless of the election outcome, Bitcoin will reach $200,000 by the end of 2025.

However, for the Solana scenario to unfold, the launch of a Solana ETF is also a necessary condition, which is more likely under a Trump presidency.

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