As a seasoned researcher with over two decades of experience in the financial markets and a keen interest in cryptocurrencies, I find myself intrigued by MartyParty’s Bitcoin prediction. His Wyckoff Accumulation pattern analysis aligns with my own observations, and I believe we are indeed nearing a critical phase for BTC.
As an analyst, I’m finding myself scouting for potential crypto investments amidst the growing unrest between Iran and Israel in the Middle East, causing market uncertainty. In the past 24 hours, the total crypto market cap has declined by 5.2%, currently standing at approximately $2.273 trillion. However, renowned analyst MartyParty posits that the current Bitcoin price downturn could pave the way for a parabolic surge following its potential bottoming out at $60,000.
Top Coins To Buy Before Bitcoin Goes Parabolic
According to crypto analyst MartyParty’s perspective, Bitcoin might be on the verge of experiencing a significant surge, referred to as a “parabolic rise.” This anticipated increase could occur after a brief correction in Bitcoin’s price, which he attributes to the ongoing conflict in the Middle East. Currently, Bitcoin is trading at approximately $61,717. However, MartyParty proposes that a minor dip down to around $60,000 could serve as a catalyst for this potential parabola.
#Bitcoin #Wyckoff playing out, the pullback to $61000. ($60000 would be the parabola)
— MartyParty (@martypartymusic) October 1, 2024
According to his interpretation, the analysis is grounded in the Wyckoff Accumulation model, featuring five distinct stages: A, B, C, D, and E. At present, Bitcoin seems to be in Phase D, approaching a crucial support level approximately $60,000. If Bitcoin manages to break free from its current holding area and move towards $67,000, this would signal the final stage of the pattern. This potential breakout could propel the price further, potentially reaching heights of $89,982 and beyond.
If Bitcoin continues on its current trajectory, here are some top coins you might want to consider investing in right now to prepare for possible future profits.
1. Artificial Super Intelligence (FET)
The advancement of Artificial Superintelligence (FET) is becoming more recognized due to its unique method of combining AI with blockchain systems. As a result, Coinbase Futures will list FET-PERP on October 5, allowing for speculative trading and expanding the token’s visibility.
We’re now providing backing for trading FET (@Fetch_ai) on Coinbase Pro’s perpetual futures market.
The opening of FET-PERP, market will begin on or after 9:30am UTC 5 OCT 2024.
— Coinbase Traders (@coinbasetraders) September 27, 2024
At present, the FET price stands at $1.52, marking an 8.1% decrease over the past day. Yet, the expanding AI partnership that recently welcomed its fourth member could propel the price upward even more. The FET price appears to have bottomed out around $1 and is exhibiting signs of a potential bullish reversal pattern in the shape of a V.
2. Degen (Base) (DEGEN)
DEGEN (Base) (DEGEN) is recognized for its lively community and innovative strategy within decentralized finance (DeFi). Similar to FET, DEGEN has also made an appearance on Coinbase. The platform has revealed plans to include DEGEN in its listing schedule, implying that the token will eventually be officially listed on the exchange.
As an analyst, I’ve observed a significant rise in DEGEN‘s price over the past day, with a staggering increase of 108%. This surge indicates that there might be more room for growth in the near future. The next notable resistance level is approximately $0.02, which represents a potential 112% upswing from our current price of $0.0094.
3. Io.net (IO)
IO.net (IO) is recognized for its sturdy framework and dedication to improving internet connectivity using blockchain technologies. Simultaneously, Coinbase included IO in its listing schedule alongside DEGEN. Yet, the response in IO’s price following this announcement has been relatively subdued.
Assets added to the roadmap today: (IO) and Degen (DEGEN)
— Coinbase Assets (@CoinbaseAssets) October 1, 2024
The price of IO has fallen 12.5% in the last 24 hours and is currently trading at $1.84. This is due to the overbearing Middle Eastern war that has ravaged the crypto markets and the fact that IO does not enjoy the same vibrant community support that DEGEN has.
Despite this, Io.net’s technology and DePIN solutions position it as a top choice with a 50X growth potential during market uptrends.
Conclusion
When Bitcoin approaches a possible surge driven by a parabolic breakout, it’s worthwhile for investors to monitor these three coins that could yield high profits: Artificial Superintelligence (FET), Degen (Base) (DEGEN), and Io.net (IO).
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2024-10-02 12:26