Happy new years !!
As we enter in the post halving lull and sell off the past few weeks, we’ve seen $BOB/ICP show strength here at the 0.1 which I believe could be the bottom range in this cycle and great DCA positions to enter
In part of the last leg and final shakeout of the Wyckoff distraction If it plays out then Bitcoin could retrace to 85k or possibly 78k, then ICP can retest the $7 for the last time (yes this should be the last time for real this time..) well then $BOB could retrace to as low as 0.7-0.8. Whales are capitulating and holding strong, re-distribution looks healthy here and for $BOB/ICP to regain market dominance again coming.
The overall crypto market sentiment is slightly bearish but that is in line with prior cycles of retesting the support lines in a bull market. While we haven’t switched to QE quite yet, and the next two weeks can be bearish, this is healthy for the turn around that will happen late January, with the added bonus of a pro crypto president Trump and SEC.
HODL, DCA or do nothing, 2025 will be an explosive year and we’re just getting started. Enjoy the ride !
submitted by /u/SimplyShred to r/BOBCommunity
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