Some top factors that are driving demand. For example: An influx of Spot Buys rather than Leverage Buys points out that, fundamentally, the price action is sustainable.
Also, the anticipation of an upcoming ETF approval could open doors for traditional investors. In this article, you will discover more about December predictions. If you want to have more research like this. you can subscribe to Altcoin Buzz Alpha.
How the Crypto Industry is Doing?
We have 3 more reasons why the crypto industry is having more demand:
- For the week ending Nov. 24, digital asset-focused investment vehicles secured an impressive $346 million in net inflows, setting a new record for the year.
- Bitcoin’s profit has surged to over 83%, marking the highest level since November 2021,
- Though Binance’s CEO has agreed to plead guilty to federal criminal charges, the settlement has restored investor confidence, easing fears about Binance’s future.
We Predicted the BTC Targets!
On 4th November we published an Alpha report and mentioned the BTC Targets. Here’s a screenshot from our Patreon Page!
As we had a target in mind, we planned our November strategy meticulously. Our team provided comprehensive analyses and predictions, guiding you through the intricate paths of the crypto market, and, Guess what, we achieved all of our targets!
Let us evaluate the accuracy of our forecasts and examine how our strategic decisions influenced the performance of our $10,000 portfolio:
- Overall 61% Profit in BTC.
- 100% (2x) Profit on 6 of our Portfolio Coins
- 200% (3x) Profit on our Gems Call
- 3-5x Profits from 3 IDOs
- $1800 Profit on Buy and Sell
More importantly, we’ve held onto many of these assets, expecting more profits in the pipeline. We’ve also strategically staked several assets in our portfolio to secure attractive returns.
Some Predictions for December
We have an action-packed December! Here’s our December outlook and why it is important for our Strategy.
We have identified $42k as a major liquidation zone for shorts. So it is quite obvious that the exchanges (and whales) may try to push BTC to $42k as soon as possible. Also, $40k is a psychological level for Bitcoin bulls. A daily retest of $40k will be quite bullish at this point, while a 4-hour retest of $42k and flipping $42k in the consecutive candle can add new longs. Surpassing 40k, the next major resistances are:
- $41.7k
- $42k (Psychological)
- $45.5k
- $48.9k
So the most bullish case for Bitcoin is a $48.9k local top. The realistic top can be $42k and $45.5k.
Altcoin Buzz’s Guiding Beacon in Crypto Investments
The current landscape prompts the crucial question: where should one invest in the crypto space? If the myriad options perplex you, fear not—AltcoinBuzz has your back! Research lies at the core of our strategy, holding paramount importance. Our extensive research encompasses On-Chain Analysis, Macro Analysis, Technical Analysis, Social Analysis, and many more.
We strategically time our calls, ensuring well-informed decisions regarding optimal entry points—particularly when to exercise caution—and identifying the most promising assets. All these for only $15! Want to know an amazing Fact? We have a 97% Member retention rate
Hurry up and be a part of a Core Crypto Community and get the Industry-Best guidance! Ensure that you have the right coins in your portfolio!
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.