Shift

HODL

Bitcoin

Captain

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/bitcoin/bitcoins-price-outlook-recovery-on-the-horizon-altcoins-await-dominance-shift/">Bitcoin’s Price Outlook: Recovery on the Horizon, Altcoins Await Dominance Shift</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After a period of three months marked by hopeful anticipation and cautious preparation for worst-case scenarios, the Bitcoin market concluded its bear market rally with an unexpected dip, accompanied by substantial liquidations reminiscent of the FTX implosion. However, amidst this backdrop, the majority of crypto investors maintain an optimistic outlook, foreseeing a forthcoming recovery in the next few months. </p> 
<p>This optimism is fueled by the accelerating mainstream adoption of digital assets and the notable progress in establishing clear regulatory frameworks for cryptocurrencies across various jurisdictions, a significant advancement compared to the state of affairs during the 2019 bear market.</p> 
<p>Furthermore, a notable development is the increased interest from institutional investors, spearheaded by hedge funds, who are seeking refuge from the inflationary pressures affecting global fiat currencies. Their growing demand for digital assets underscores the expanding recognition of cryptocurrencies as a hedge against currency devaluation.</p> 
<h2 id="bitcoin-price-trends" data-name="bitcoin-price-trends" class="wp-block-heading">Bitcoin Price Trends</h2> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> Last Shakeout Before the Bull run. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Stay Patient, Stay Hopeful &amp; HODL Strong.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/XEFtu9C94q" rel="noopener noreferrer nofollow">pic.twitter.com/XEFtu9C94q</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1692402895613034567?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 18, 2023</a> 
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<p>Renowned analyst Captain Faibik shares insights into the trajectory of Bitcoin’s price action. Foremost, he suggests that the likelihood of Bitcoin plummeting below last year’s low is considerably reduced, especially given the approximate 233-day countdown to the fourth halving event.</p> 
<p> In light of these factors, Captain Faibik envisions a phase of horizontal price movement for Bitcoin over the forthcoming quarters, setting the stage for an eventual breakout above the $32,000 mark. </p> 
<p>Impressively, Captain Faibik presents a substantial Bitcoin price target of around $100,000, emphasizing the favorable odds of an upward surge. Despite these positive projections, Captain Faibik advises his followers to remain steadfast and not be swayed by potential market turbulence in the ensuing months.</p> 
<h2 id="altcoin-prospects-and-btc-dominance" data-name="altcoin-prospects-and-btc-dominance" class="wp-block-heading">Altcoin Prospects and BTC Dominance</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> (Dominance) What if the channel broke to the downside?<br><br>It Would be Bullish for the <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a>.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/rlaHUWCCgx" rel="noopener noreferrer nofollow">pic.twitter.com/rlaHUWCCgx</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1692393606487928916?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 18, 2023</a> 
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<p>Turning attention to the realm of altcoins, Captain Faibik directs attention to their potential bullish prospects, contingent upon the continuation of a decline in Bitcoin dominance. He posits that if Bitcoin’s dominance continues to decrease in the coming weeks and potentially breaches the lower threshold of a rising channel, it could signal a favorable environment for altcoins to experience a bullish upswing.</p>

Bitcoin’s Price Outlook: Recovery on the Horizon, Altcoins Await Dominance Shift

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