Satoshi Pumpomoto narxBTC

Dominance of Bitcoin ($BTC) has declined to the expected support level. Almost all the alts have risen by nearly double over the past week.

Bitcoin (BTC) Price Analysis  Despite recording a neutral trend over the last seven days, the BTC price surged ~39% in November. Moreover, with a market capitalization of $1.909 billion, the Bitcoin token currently holds a market dominance of 56.13%. The Simple Moving Average supports the BTC price chart in the daily time frame. Further, the RSI indicator is hovering close to its overbought range. This indicates an increase in the market’s bullish sentiment for the star crypto. If the bullish sentiment sustains, the Bitcoin price will surpass its target price of $100k and head toward its upper high of $110k. On the flip side, a bearish reversal could pull the price toward its lower support level of $81,000 $BTC

In recent days, a few dormant Bitcoin whales have stirred the waters by transferring significant amounts of BTC, but there’s no clear indication that a large-scale sell-off is on the horizon. Over the past two days, three such whales have moved 11 BTC, 13 BTC, and a hefty 429 BTC, catching the attention of market watchers. However, what’s particularly interesting is that these transactions didn’t go through centralized exchanges, which typically signal a potential sell-off. Instead, they were likely moved to private wallets or other platforms, suggesting that these whales are simply adjusting their holdings without the intent to liquidate any of their assets. This movement of dormant BTC is a noteworthy event for the market, as it’s common for long-term holders (or “whales”) to stir up significant market action when they decide to sell. However, these particular transfers avoided centralized exchanges, which is often a sign that the holders are not looking to cash out. In fact, according to data from CryptoQuant, daily inflows of Bitcoin to exchanges from major holders have remained relatively low, at just over 5,000 $BTC . This suggests that while whales are moving their assets, they aren’t flooding the market with sell orders. For now, this doesn’t appear to signal any immediate price drops. In fact, many analysts believe that Bitcoin’s current stability, despite these whale movements, indicates that large holders may be repositioning their assets rather than cashing in. This low level of exchange inflows also suggests that the market may not face significant selling pressure in the short term. As Bitcoin continues to mature, movements like these are becoming a normal part of the landscape, with fewer immediate consequences on the overall market.

QUESTION -What coin is the highest gainer in crypto 2024? From my analysis and market performance, here are some of the coins that performed best 2024 !! 👉🏼Share your answers In the comment section wether you agree or have a different opinion. 1-Sui $SUI 2-Dogecoin $DOGE 3- Shiba Inu $SHIB 4- Ton coin $TON 5- Solana $SOL 6- Bitcoin $BTC 7- BNB $BNB

Here are more trends and predictions for Major coin (MAJOR): _Major Coin's Roadmap_ 1. _Q1 2025_: Launch of Major coin's decentralized exchange (DEX) 2. _Q2 2025_: Integration of non-fungible tokens (NFTs) into the Major coin ecosystem 3. _Q3 2025_: Launch of Major coin's gaming platform _Major Coin's Market Analysis_ 1. _Market Capitalization_: $500 million 2. _24-Hour Trading Volume_: $100 million 3. _Circulating Supply_: 50 million MAJOR _Major Coin's Competitor Analysis_ 1. _Bitcoin (BTC)_: Major coin's primary competitor in the cryptocurrency market 2. _Ethereum (ETH)_: Major coin's competitor in the smart contract and decentralized application (dApp) space 3. _Other Altcoins_: Major coin's competitors in the altcoin market, including Litecoin (LTC), Cardano (ADA), and Stellar (XLM) _Major Coin's Future Outlook_ 1. _Short-Term Outlook_: Moderate growth, potentially reaching $2.00 to $5.00 2. _Mid-Term Outlook_: Significant jump, possibly reaching $10.00 to $20.00 3. _Long-Term Outlook_: Potential prices around $50.00 to $100.00