@JacobCryptoBury

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Avg. Quality

60

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25.55

Analysis

137
Correct
35
Fail
76
Pending
24
Ineffective
0
Total Quality
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BTCUSDT
Short Entry 96,341.2000 2026-01-15 03:00 UTC
Target 70,000.0000 Fail 100,000.0000
Risk/Reward 1 : 7
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BTCUSDT
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis focuses on two cryptocurrency assets: DASH and Bitcoin (BTCUSDT). For DASH, the current price is noted at $85.63, reflecting a 52% increase within 24 hours. Historically, DASH experienced market capitalization peaks of $11.2 billion in 2017 and $4.94 billion in 2016, contrasting with its current $1.07 billion. Technical indicators, specifically the daily Relative Strength Index (RSI), show overbought conditions. Previous instances of overbought daily RSI in October and November 2023 were followed by significant price corrections, ranging from 75% to 77%, leading to prices as low as $17-$21. The weekly RSI has moved above its 14-period Exponential Moving Average (EMA) but is not yet overbought. A key support level for DASH is identified at $75, which previously acted as resistance, with a more substantial support zone around $37. Short-term chart patterns suggest bull flag formations and horizontal resistance at $87, with an upward-sloping support line. A short-term bullish target for DASH is inferred at $100, though the analysis heavily emphasizes the potential for a corrective pullback given current overbought conditions and historical precedence. For Bitcoin, a current price of $97,000 is cited. The weekly chart analysis for Bitcoin highlights a broken rising wedge pattern and a subsequent channel formation. The 200-week moving average for Bitcoin is positioned between $57,000 and $60,000. The overall market outlook for altcoins and Bitcoin includes a prediction for a "summer low," with Bitcoin potentially correcting to $70,000 from the stated $97,000 level. Investors are advised to avoid fear of missing out (FOMO) and to make logical, long-term decisions rather than impulsive ones based on short-term market fluctuations.
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