Altcoin and Market Updates


Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. Bitcoin has completed the Golden Cross. Every time the Golden Cross was completed in the past, the market pumped a lot. The Golden Cross is a technical analysis that pumps the market.

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If we look at 2016, when the Golden Cross happened, the market pumped about 139%. Also, in 2017, when the market made a Golden Cross, it pumped 2200%. Then the Golden Cross of 2021, the market pumped about 1200%. Now we are back in that Golden Cross. Hopefully, the market has the potential to pump at least 1000% to 2000% from here.

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Here if we look at this analysis where the market created a hype in 2020 then the market corrected and then gave a big pump. Currently the market gave a hype then Bitcoin went to $110,000 then the market is still correcting then hopefully the market will see a good movement from here.

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Meanwhile Bitcoin dominance is very important. Dominance is now up in the last few years. Dominance means that most people are investing in Bitcoin and not in any other coin. So dominance in the past also when it came within all-time high resistance then the market corrected down and now it is again within major resistance. And I hope that it will start pumping our Altcoin after it corrects down.

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Again, it is worth mentioning that Bitcoin is currently forming a bottom, meaning that there is no chance of Bitcoin going down. Because in the past, the market has always gone up after forming a bottom. Here you can see that it has formed a bottom, made a big pump, and then formed a bottom again, made a big pump, and then formed a bottom again. Let's see what happens in the future.

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Another important point is why Altcoins are not pumping at present? We have seen a scenario in Altcoins in the past. For example, Altcoins that touch market support three times give a big pump. As you can see in the picture, after touching support once, twice, three times, the market went up to 1.5 trillion. Currently, support has been touched once, twice, three times, so we can expect the next one to be a minimum of 5 trillion to 10 trillion market capital. So those who bought Altcoins and are in loss, don't worry and don't worry, InshaAllah, I hope you will recover everything, just have to be patient.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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 2 days ago 

Starting from the crypto market, all the markets are now running without any candlestick or any rules, but Trump's tariff policy has messed everything up, which we saw last night as well. However, hopefully something better will come soon.

You are right.

It is a great content of Altcoin and Market Updates.

Thank you very much.

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