- Bullfinder AI
- Posts
- Major Inflection Point in the Cryptocurrency Market?
Major Inflection Point in the Cryptocurrency Market?
With BTC hitting new all-time highs, all eyes are now on its smaller counterparts...But which ones present the greatest opportunity?
Bullfinder AI
November 07, 2024
In this edition of the Bullfinder AI newsletter, we take a deeper dive into the current state of the Cryptocurrency Market.
The last two Bullfinder AI Momentum Re-Ratings:
- Early 2022 (Bearish)
- Mid-Late 2023 (Bullish)
Charts by TradingView.
BTC hits New all-time High Price
This week, Bitcoin hit a new record price trading above $75,000 USD.
This move occurred immediately after the outcome of the US Election, with Investors favouring the Trump administration’s policies on the treatment of cryptocurrencies & AI- development.
With BTC at all-time highs, all eyes are turning toward the rest of the Cryptocurrency market with one question in mind… What coin is next to experience a major run?
Ethereum, Solana, Binance all not far behind…
ETH, SOL & BNB have all experienced significant runs toward all-time highs, with the beginning of recent bullish movements dating all the way back to the start of 2023.
As you can gather from the above, many cryptocurrencies have been moving upwards for a while now (nearly 2 years straight).
A clear highlight being Solana, gaining a whopping +1,780% since Jan 2023.
The question on everyone’s mind is…What’s the Next to run?
Bullfinder AI Shortlist…
Finding the next big thing is difficult…Timing your entry can be even harder.
That’s why we developed our Bullfinder AI Tech - To provide you with greater clarity on current momentum, and to help you find the next bull, before it runs.
Here’s a few Cryptocurrencies our Tech & Team have identified as potential opportunities over the coming weeks & months (and perhaps beyond) …
1. Ethereum
Ethereum remains rated as Bullish since late 2023 by Bullfinder AI Tech.
Further upside may be unlocked if price can hold above $2,400 USD over the coming weeks.
Charts by TradingView.
2. Chainlink
Bullfinder AI Tech rated LINK as Bullish late 2023 and re-rated to Bearish mid-2024.
Will there be a change in the Bullfinder AI Momentum rating shortly?
Charts by TradingView.
3. AAVE
AAVE - An opportunity recently identified by our AI Tech.
Bullish continuation potential above $188 USD
Bearish continuation risk below $150 USD
Charts by TradingView.
What’s next?
Not only do we release helpful articles and newsletters here at Bullfinder.ai…
We also provide you with updates on changes to Momentum ratings across a catalogue of different financial instruments.
Although 100% Free, to receive these momentum updates you will need to hit the subscribe button. If you haven’t already, now’s your chance.
Thank you for reading! We look forward to sharing future updates with you…
Enjoy this article?
The greatest compliment is sharing Bullfinder.ai with a friend.
Doing so helps us on our mission to reduce the amount of unnecessary financial suffering in the world caused by poorly timed advice and (often well-intended) misdirection.
Hold tight…More updates are on the way 🚀