Institutional cryptocurrency research firm 10x Research founded by former head of research at Matrixport Markus Thielenhas revealed month-end considerations for Bitcoin (BTC) and cryptocurrencies as investors wait for cues from the US FOMC meeting and Federal Reserve Chairman Jerome Powell's speech at the FOMC press conference.
Markus Thielen's Recommendations for Cryptocurrency and Bitcoin Holdings
Analyst Markus Thielen, who predicted Bitcoin to fall to $38,000, recommends portfolio rebalancing for RIAs, asset managers, and other medium- to long-term crypto investors next month. There is.
He caps each token at 20% for an ideal balanced portfolio: Bitcoin 20%, Ethereum 20%, BNB 9.3%, Solana 9.2%, XRP 7.9%, Cardano 7.2%, Avalanche 6.8%, Tron 6.6%, Chainlink 6.5%, and Polkadot 6.5%. This diversified strategy has performed similarly to Bitcoin's returns over the past 12 months. Bitcoin has risen over 150% in the past 12 months.
Bitcoin accounted for 41% of the trading volume in the past 24 hours, and Ethereum accounted for 18%. Overall, Bitcoin's dominance remains at over 51%. Therefore, it is too early to call it a sustainable transition to an altcoin rally. Bitcoin and Ethereum are only up +1% and +2%. This year he is leading in TIA + 58%, BLUR + 35%, ASTR + 31%, SEI + 24%, but his APT -36%, LUNC -30%, ALGO -27%, BSV -27% are down. I am.
According to the report, the BlackRock ETF and Fidelity ETF had the most inflows, but both had a small daily trading volume (combined trading volume) compared to Bitcoin's total trading volume of $23 billion. It remained at $651 million. This surprised market participants. Many even considered Grayscale's GBTC outflow for Bitcoin's correction from 44,000 to 38,500.
Bitcoin price prediction after FOMC
Markus Thielen predicted a future rise in the price of Bitcoin (BTC) as the beginning of the fifth wave. He expects BTC price to recover to the 50,000 level by the end of this quarter.
However, Thielen said that BTC price will continue to consolidate for several days before starting to rise towards $50,000. He suggested buying Bitcoin above $43,000, despite some resistance in the $43,000-$44,000 range.
popular traders michael van de poppe We expect a trend within the $38,000 to $48,000 range. In the short term, after adjustment, a slight increase to the pre-halving level of $48,000 is likely.
BTC price has fallen over 2% in the past 24 hours and is currently trading at $42,576. The 24-hour low and high prices are $42,356 and $43,838, respectively.
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