Market updates including Bitcoin
Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well.
Today we will know the market update including Bitcoin. According to various international analysts and financial investors, Bitcoin will soon reach $180,000 and they have also given the date. The first reason they gave for Bitcoin to reach $180,000 is that it has a Bitcoin Elliott Wave Structure.
If we look at this technical analysis, we can see that after the Cup & Handle Pattern, the market has broken out here, we can see that the handle has broken out here. Now it has moved into the Elliott Wave Trend and it has been corrected. The current position it is in has created a very strong support, a support resistance has been formed between 97 and 109 thousand dollars, so this is the next breakout, I hope it will go to 188 thousand dollars, then in the long term it will go from 250 thousand dollars to 300 thousand dollars. These words are not impossible because every bank in the world is constantly getting involved in the crypto market.
Bank of Montreal has bought a Bitcoin ETF. It is the third largest Canadian bank. They have bought 150 million Bitcoins from the ETF, which is good news for the market. After Canada, Georgia has announced its new bill to recognize Bitcoin as a Reserve and Dubai is constantly buying Bitcoin. A research has shown that Dubai has bought 436 million Bitcoins. Good news for those who had funds in FTX, it will start refunding their users' funds from February 18. Meanwhile, Blackrock has gone ahead of everyone in buying Bitcoin from the ETF. Blackrock is currently a partner in the Bitcoin ETF market, i.e., a shareholder, of about 77 percent. Now let's discuss when Bitcoin will reach $180,000. According to international analysts here, Bitcoin can reach $180,000 by the end of March 2025. And the market will gain 85% in the next seven weeks, they have predicted here, so why should you be tense after seeing so much good news in the market. I hope the market will go up very soon, we should just be patient now, if we are patient, everything is possible. International analysts have only made assumptions, I hope their assumptions are correct but remember that they may not be correct.
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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I'm noticing that despite all the good news coming in, the market is not pumping hard. The market has become very boring at the moment.
The market always goes against the flow, hopefully this one will pass.
Market updates including Bitcoin is a great post you have shared.
great comment you have shared.