🏙️ Bitcoins Cycle Stays Intact, But Market Forces Shift
⚡ CryptoTrendz - 📌 Trending Now: The Latest Scoop!:
Bitcoin’s market cycle remains strong, but it’s no longer driven purely by market forces, says an analyst. Peter Brandt warns of a $25K scenario for BTC. Meanwhile, Standard Chartered and Coinbase are enhancing crypto services for institutional clients. Coinbase preps prediction markets for Dec 17. ✨Here’s an overview:
🔹
*🔖 Bitcoin & Market Outlook:
🔹Bitcoin’s cycle remains intact but is no longer driven solely by market forces, reflecting evolving macro dynamics. Source
🔹Analysts see a potential shift in the parabola pattern, with a $25K scenario highlighted under certain conditions. Source
🔹Current price analysis for December shows ongoing volatility and key levels traders watch closely. Source
🔹Despite pushback from traditional funds, sentiment shifts as major players reassess Bitcoin’s role. Source
*🔖 XRP & Ripple Developments:
🔹XRP hovers near $2.0, with bulls and bears debating a breakout versus a pullback. Source
🔹XRP faces meaningful resistance around $2.17 while the $1.96 support holds, echoing a 2016-style setup. Source
🔹Ripple’s $300 million venture goes live in South Korea, opening XRP opportunities for investors. Source
🔹XRP is expanding onto Ethereum and Solana, signaling broader cross-chain utility. Source
*🔖 Platforms, Tools & Innovation:
🔹Coinbase is poised to launch prediction markets and tokenized stocks, signaling new market tools. Source
🔹Tether’s Juventus proposal shows crypto’s growing reach into mainstream assets and sponsorships. Source
🔹Phantom Wallet adds Kalshi prediction markets, extending access to over 20 million users. Source
🔹Ethereum price action sparks bearish fears as an evening Doji Star raises questions about a push back toward $3,000. Source