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What a fantastic way to kick off Monday! In the last hour, Bitcoin has broken out to hit a new all-time high of $106,500. This week is shaping up to be incredibly bullish for crypto markets, with the upcoming US interest rate decision on Thursday morning. Expectations are for a 25 bps cut (95% probability), which should fuel optimism and lead seamlessly into the Christmas “Santa Claus” rally.
Last Wednesday, in the Morning Note, when Bitcoin was trading at $96k, I highlighted a historical pattern suggesting Bitcoin could reach $111k within the next month and that the recent correction was likely over. Fast forward to today: Bitcoin is up 10% since then, trading at fresh highs. With this $111k target now less than 5% away, a bullish week could see Bitcoin reaching this level much sooner than anticipated.
This week’s price action serves as yet another reminder for those who believe they can time the market. Just days ago, many were holding out, expecting Bitcoin to dip lower. Instead, they were left on the sidelines as Bitcoin surged to new highs. For a deeper dive into why timing the market often leads to missed opportunities, check out our recent Thunder Trading Article: Overtrading Leads to Underperformance.
Spoiler alert: the best strategy remains a simple one—buy Bitcoin and hold.
As Bitcoin leads the charge, some of your favorite altcoins are seeing exceptional bullish price action, either hitting new highs or setting the stage for significant moves higher.
Ondo: Up nearly 20% from yesterday’s low, it’s now trading at new all-time highs.
Fantom (FTM): Up an impressive 23% in just over 24 hours, now trading at $1.46. While still 60% below its all-time high, the ongoing Sonic migration scheduled for this week creates a bullish environment for further gains.
For investors feeling underexposed or worried about missing out, this is just the beginning. Strengthening your Bitcoin position or acquiring quality altcoins could yield substantial long-term gains. The crypto market is still in its early growth phase, providing believers with a prime environment to capitalise. Contact your Stormrake Crypto Broker today to seize this moment.
Stormrake Spotlight: Gala Games (GALA) ($0.0515)
Stormrake Spotlight: Gala Games (GALA) ($0.0515)
Gala continues to hold above $0.05, forming a bullish base that positions it for higher moves in the coming weeks. Since our first mention in the Morning Note, Gala has climbed over 10%—another successful Stormrake Spotlight pick. Be sure to check back tomorrow for the next standout opportunity!
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin has set yet another all-time high, breaking out with strength after a perfect bounce off the 21 EMA. This momentum is expected to carry BTC to our next target of $108k, where some resistance could emerge. A consolidation or pullback at this level may present a prime buying opportunity.
BTC Total ETF Flows for 15 Dec: $ N/A million
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
ETH/USD Key Levels and Price Action:
ETH/USD Key Levels and Price Action:
Ethereum has reclaimed the $4,000 level, breaking out of its recent consolidation. With strong bullish momentum, ETH is primed to retest the current high of $4,064. If ETH successfully breaks this level without failing as it did previously, the next target is $4,200, a key level for further upward momentum.
ETH Total ETF Flows for 15 Dec: $ N/A Million
(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
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*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.
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