Crypto market update ✍️

Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. First of all i want to wish you all a very happy new year, may this year bring joy, health and good wealth in your life. Let's talk about crypto market. Today i am going to discuss about Bitcoin, Ethereum, and altcoins, focusing on market expectations for Q1 2025. There's a positive outlook for the market, especially for Bitcoin, which is currently trading around $39,380. Using the Stochastic RSI indicator, we observe that when Bitcoin shows a bullish crossover, it often experiences a major upward move, as seen in October 2023.

Historically, Bitcoin has had positive movements in the first quarter of the year, with significant gains in years like 2013, 2016, and 2021. Ethereum is showing similar trends, and although the altcoin market is currently weak, it has historically seen growth in the first quarter. Overall, the first quarter is expected to bring positive movement, especially if the US continues its monetary policies. However, investors should stay cautious of potential corrections. That's it for today. Thanks & have a good day!!