Hi leofinance community.
Now we are going to talk about very important topics the way we are seeing that bitcoin has performed very well and has had three rejections this time it has broken this level and now it is trading above it.
The way we're looking at the market today, people are only thinking about one thing, the way bitcoin retested 25,000 three times and then went above 32,500. In the same way we will see the market will retest 32500.
And then it will start to go higher then this question is in every human mind so here I will answer it that until the market there is no wrong news inside, the market is standing above 33200 so till then we will not see it break at 32500.
And the way it is now on November 1st speech and interest rate decision is to be made if interest rates are not increased. Then this will be good news for the market and it will go up again from here and go above the 35000 level.
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As I have been saying in my posts and also in the comments, as long as Bitcoin is above 32500 we don't need to worry at all and the way it has been for two and a half years has kept the market down. And when this channel is broken, it is a very good sign for the market and we will see that if there is no bad news inside the market.
The market will continue to go up and at this time almost no one will see us the way we are. It is also known that the year 2024 is very special for Bitcoin because its biggest event is within this year within the fourth month of the year so after that it is absolutely confirmed.
The market will likely go up from here and only come down a bit to retest. I say one thing here that only people who know how to hold and patience can make money in this market, otherwise we I have seen people lose millions of rupees in this market within the last two and a half years.
But these are people who don't know about the market at all and they put money in and they don't understand the market cycles. It is not known about the support and resistance of the market, so these people do harm.
Then only after that, money should be put into it and there should be so much waiting within the person that if the market has gone down, then the person can wait for it to go back up.
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And the most asked question at the moment is whether we can see an altcoin season, so I would like to say here that if Bitcoin's dominance starts below the ego and its price stays at the same place. Stands between 33k and 35k.
So here we can see a good altcoin season in the next couple of months as we see a lot of coins that haven't gone up yet Bitcoin just went up And if it is consolidated here, it will be very good for the altcoins and for the altcoin holders who have been holding the coins for the last two and a half years.
The market will see us trading in the same areas until the 1st, from 33000 to 35400 and we will see most of what Bitcoin is, we will see us standing above 34000 and if it stays that way. If so, that would be a very good thing for the market, people's confidence would rise above the market and then we would see the market go up again.
Everyone was saying that these people were making a mistake by putting money into Bitcoin If we still see, Bitcoin has increased from 15,000 to 35,000. Those lucky people who bought it at 15,000 have more than doubled their money.
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A few months ago, everyone was saying that Salana would be dead, just like FTX and Luna. Even then, I told in my post that this project would not be dead yet and within the next market.
It will also give people a lot of good profit and that's exactly what happened. From eight dollars it went to $32. This is the way we can see and if it still closes its daily candles above $33. If so, it will only go higher from here.
We don't see those people anymore who used to say that the crypto market is over and it will never go up in life, so if you meet these people, you have to tell them here that see the market. How is it pumping and we have also seen pumps within many altcoins that have been stagnant for the past three months and have now broken through their three month resistance and gone higher.
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Right now its chart is showing a lot of interesting things the way we've been seeing it for the last two weeks it's been trading within the same area from 31.50 cents to 34 or 50 cents. It's very good that it's not going down much.
We'll have to keep an eye on both of those areas. If it does bottom, it will again see us drop to 28 cents, both of which we will have to watch and pay close attention to.
And here I'm going to talk a little bit more about the dominance of Bitcoin and we're seeing it continue to rise and it's coming up to a one-year high and the way we're seeing that as well.
It is known that most of the market is currently only investing in Bitcoin because of ETFs and we will see that as soon as an ETF is approved, it will be very beneficial for the market. There will be more good news and the market will start to go up again but in this way we are also seeing that the way XRP has won the case.
Now this news is going to come within a short period of time and then the market will we will see a lot of upside. The last time Bitcoin was dominance was in the high 70s and went go down to the 40s This was when people invest all their money into altcoins.
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