Dollar Picks Its Way

Forex

Economic

Summary:

The Dollar Index stabilised in the 0.5% range for the fifth session, quietly finding its feet after a near 5% rally over the past thirty days.

The Dollar Index stabilised in the 0.5% range for the fifth session, quietly finding its feet after a near 5% rally over the past thirty days. Since last week, currency market participants have taken a wait-and-see approach after four weeks of gains that fundamentally changed the dollar’s technical picture. However, a blockbuster of major news by the end of next week could strengthen or reverse the current trend. Dollar Picks Its Way_1

Firstly, the dollar steadied as market expectations settled around the Fed’s key rate outlook. From the end of September to the 10th of October, the market oscillated between expectations of a 50-basis point cut and a 20% chance of no change. However, in the last two weeks, there has been growing confidence in a 25-point easing, leaving about a 10% chance of no change. There is also a 30% chance that the Fed will only cut rates by 25 basis points before the end of the year. This is a hawkish scenario, attracting buyers of the dollar and sellers of long-term US Treasuries.

Dollar Picks Its Way_2

Several near-term events could dramatically affect market expectations. Until then, it is logical to expect a lull or pullback against the Dollar to take profits from earlier gains. The regular monthly US Non-Farm Payrolls report is due on Friday, but other labour market indicators will refine expectations later in the week and could influence prices. Hiring is expected to have slowed sharply, with only 111k jobs added in October, although Hurricane Milton will complicate the assessment of the economy in the outgoing month.

Next week’s presidential election will be in the spotlight until Wednesday. The dollar may feel a sense of relief when the results are announced, as it often weakens ahead of elections. The longer-term trend will depend on what the president-elect says. The risk of new tariffs is bullish for the dollar, while increased fiscal spending is bearish.

Dollar Picks Its Way_3

Later, the Fed will get into the game. The Fed has already entered a blackout period in which central bank officials will not comment on monetary policy until the meeting results are known. However, sentiment can be influenced by comments from influential journalists from the Wall Street Journal, Bloomberg, or the Financial Times, who many believe are familiar with the discussions or the real balance of power.

The DXY has a good chance of remaining in the 104.00-104.40 range until Friday or even retreating towards 103.5 as part of the correction of the previous rally. However, only a sustained consolidation below 102.7 would shift the primary outlook to a renewed dollar decline, with the potential to drop below 100 and beyond. A rally above 104.5 on the back of all the important news will make us consider the next stop at 106—the area of the highs of the last two years.

To stay updated on all economic events of today, please check out our Economic calendar

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Economic

Forex

Economic data releases and political events over the coming months could drive the EUR/USD currency pair lower. A key factor is the potential outcome of the US presidential election, specifically the possibility of a victory for Donald Trump and a Republican-controlled Congress (commonly termed a “red sweep”). If this scenario materializes, it could significantly affect the EUR/USD exchange rate. The analysis draws on historical data from the 2016 election, where a similar outcome led to a 4% decline in EUR/USD, underscoring how political shifts in the US can trigger strong market reactions. The anticipation of Trump-led policies—often seen as more protectionist and likely to stimulate US-based economic growth—tends to strengthen the dollar, potentially putting further downward pressure on EUR/USD.

Key Markets Before and After Trump got Elected in 2016

Key Drivers of a Bearish EUR/USD Outlook

Diverging Central Bank Policies

One of the most influential factors currently shaping the EUR/USD outlook is the divergence between the European Central Bank (ECB) and the US Federal Reserve (Fed). The ECB has recently adopted a more dovish stance, reflecting concerns over sluggish economic growth and persistently low inflation across the Eurozone. Weak economic indicators from the Eurozone continue to signal an underwhelming growth trajectory, putting pressure on the ECB to introduce more accommodative policies, such as extending quantitative easing or keeping interest rates lower for an extended period.

Meanwhile, the Fed’s approach is more cautious and data dependent. Strong recent US economic data, including robust employment numbers and steady consumer spending, have diminished the likelihood of a near-term rate cut, signalling a comparatively tighter policy stance than that of the ECB. This policy divergence reduces the interest rate differential between the two regions, traditionally favouring a stronger dollar and a weaker euro, thus putting pressure on EUR/USD to move lower.

Upcoming Economic Data as Catalysts

Investors are closely monitoring upcoming economic data releases from both regions, as these could shape expectations for future policy actions by the ECB and the Fed. In the Eurozone, upcoming GDP growth and inflation figures are of particular interest, as they will shed light on the ECB’s potential moves. Should the data reveal further economic deceleration, markets may anticipate additional easing from the ECB, further weighing on the euro.

In the US, key indicators like the Personal Consumption Expenditures (PCE) price index—a primary measure of inflation—along with employment figures, will be closely watched by investors for signals on the Fed’s policy trajectory. However, certain factors, such as ongoing labour strikes in key industries and seasonal weather changes, may dampen the impact of this month’s US labour data, making it less of a definitive indicator for the Fed’s actions.

Key Economic Releases for EUR and USA for the Week 28/10 to 01/11

Political Uncertainty and Market Volatility

Political events in the US add another layer of uncertainty, as markets typically respond to shifts in anticipated policies. A potential Trump victory could bring policy shifts aimed at boosting US economic growth through domestic spending and a more protectionist trade stance. Such a scenario often leads to a stronger dollar, as investors bet on a favourable economic climate for US assets. Given the effect of a similar scenario in 2016, a “red sweep” could once again spark a significant rally in the dollar, sending EUR/USD lower.

Investor Sentiment and the Broader Outlook

Market sentiment is highly sensitive to this mixture of economic and political factors, with many investors expecting further selling pressure on EUR/USD leading up to the US election. While near-term economic data may cause minor fluctuations, the primary factors—the potential for a Trump victory and the ECB’s dovish position—are seen as central to the currency pair's likely downward trend. In summary, unless there is a marked change in either the ECB’s or Fed’s stance or a significant shift in election dynamics, EUR/USD could face sustained downward pressure as these conditions continue to unfold.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Economic

Cryptocurrency

Market Picture

The crypto market cap rose by 4.7% to $2.4 trillion in the last 24 hours, supported by a surge in top coins. These are the market’s highest levels since late July. Back then, the market stalled around these levels and soon turned lower. This time, the trend is more bullish, as the market has been in an uptrend since early September.

With a gain of around 5%, Bitcoin is generally moving with the market, behind Ethereum’s 5.5% rise, Doge’s 16% jump and Bitcoin Cash’s 10% rise. However, with a price close to $71K, BTCUSD is less than 4% below its all-time high. The first cryptocurrency has spent less than 72 hours in total above its current level.

Technically, Bitcoin has given several bullish signals, from the ‘golden cross’ on 27 October to breaking above previous highs and entering a Fibonacci extension pattern.

News Background

According to CoinShares, global crypto fund investments increased by $901 million last week, following inflows of $2.199 billion the week before. Investments in Bitcoin increased by $920 million, while Solana increased by $11 million, and Ethereum decreased by $35 million. Investments in multi-asset crypto funds increased by $2 million.

The ETF Store noted that spot Bitcoin ETFs bought nearly 977,000 BTC ($67 billion), representing nearly 5% of available issuance. If such accumulation rates continue, a repeat of BTC’s record highs is inevitable.

The Ethereum (ETH) to Bitcoin (BTC) exchange rate has hit a 3.5-year low. Since the beginning of the year, the leading altcoin has fallen 30.5% against the first cryptocurrency.The crypto market cap has risen to $2.4 trillion, its highest since July. Bitcoin is close to its all-time high, and bullish signals are being observed. Global crypto fund investments have also increased, particularly in bitcoin.

Ethereum co-founder Vitalik Buterin cited volume bloat and the blockchain’s increasing complexity over time as some of the network’s main problems.

Bitcoin is cementing its status as a safe-haven asset against inflation, said billionaire Chamath Palihapitiya, founder of venture capital firm Social Capital. He believes the first cryptocurrency has the potential to replace gold as a rational economic safety net.

The bankrupt FTX has withdrawn its lawsuit against Bybit as part of a settlement that will generate about $228 million for future creditor compensation.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Economic

Creative Global Technology Holdings Limited (CGTL) is preparing for an exciting debut on NASDAQ, expected to go live on November 4, 2024, under the ticker “CGTL.” With an estimated 1.3 million shares priced between $4 and $5, CGTL aims to raise around $5.63 million to fund growth and expand its position as a leader in pre-owned consumer electronics. Founded in 2016 and based in Hong Kong, CGTL specializes in sourcing, refurbishing, and distributing pre-owned electronics, especially smartphones, tablets, and laptops. Their focus on the circular economy allows them to contribute to electronic waste reduction while meeting the demand for affordable devices in Southeast Asia and beyond.

Business Model and Core Strategy

Creative Global Technology Holdings Ltd. operates through its subsidiary CGTHK, which sources and distributes pre-owned consumer electronics to wholesalers in emerging markets. CGTHK’s strategy involves acquiring electronics from developed countries, including the U.S. and Japan, and supplying them to regions with a high demand for affordable devices. The business operates in three segments: wholesale distribution, retail sales, and equipment leasing. CGTHK’s wholesale activities contributed over 90% of its revenue in 2022, underscoring its solid foundation in the B2B space.

In 2021, the company began expanding into retail and leasing, capturing more of the supply chain and tapping into a broader customer base. This three-pronged approach offers CGTL a unique market advantage, allowing it to serve as a bridge between developed countries with excess electronics and emerging markets with limited access to high-quality devices. By leveraging this approach, CGTL has driven impressive growth, reporting revenues of $42.88 million and net income of $2.76 million for the last fiscal year.

IPO Objectives and Financial Strategy

The funds from the IPO are intended to support CGTL’s growth initiatives. The company aims to broaden its sourcing networks and invest in technology to improve its refurbishing processes. This could reduce turnaround times, increase profit margins, and potentially make its products even more accessible. Furthermore, CGTL’s expansion into retail and leasing is key to diversifying revenue streams and reducing dependence on its wholesale business.

Raising $5.63 million through its IPO will also allow CGTL to strengthen its existing supply chain, particularly its operations in the U.S. and Japan. The proceeds are set to fund innovations to streamline its refurbishing processes, enhance operational efficiency, and meet the increasing demand for pre-owned electronics globally.

Challenges and Investor Considerations

CGTL’s IPO structure, with operations conducted primarily through CGTHK in Hong Kong, adds a layer of complexity for investors. Shareholders will not directly own equity in CGTHK but will have shares in a Cayman Islands holding company, a structure that involves unique risks.

Competition is also notable in the pre-owned electronics market. CGTL competes with both local and international companies engaged in similar activities. However, the company’s strategic focus on under-served emerging markets provides it a distinct advantage.

Why the IPO Matters for the Market and Investors

Creative Global Technology Holdings’ IPO is more than a financial milestone; it signals the rising importance of the circular economy in technology. By extending the lifecycle of consumer electronics, CGTL is contributing to global sustainability efforts while addressing a high demand for affordable devices. For investors, CGTL presents a unique opportunity to support a business poised to capitalize on the circular economy, potentially offering strong returns as demand for refurbished electronics continues to grow.

Future Prospects for CGTL

The long-term success of CGTL will depend on its ability to adapt to market demands, particularly as the refurbished electronics market is projected to grow. In addition, CGTL’s investment in retail and leasing channels could broaden its customer base, offering higher profit margins and building a stable revenue stream. As CGTL enters the public market, it has the opportunity to attract significant investor interest, driving growth and innovation within its core market.

In conclusion, Creative Global Technology Holdings’ IPO is a promising development in the consumer electronics sector, offering a model for sustainable growth and profitability in a highly competitive field. Investors eager to engage with companies that prioritize environmental responsibility and emerging market opportunities may find CGTL an attractive addition to their portfolio.

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Economic

ALE Group Holding Limited, a financial consulting firm incorporated in the British Virgin Islands (BVI), is gearing up for a public listing on the NASDAQ with the ticker symbol “ALEH.” The IPO is expected to go live on November 4, 2024, with a projected price range of $4 to $6 per share. This move is significant for ALE Group as it seeks to expand its reach and capabilities in providing essential consulting and corporate services to small and medium-sized enterprises (SMEs) across Hong Kong, Asia, and the U.S.

Understanding ALE Group’s Business Model

Founded in 2014, ALE Group Holding Limited offers a suite of corporate consulting services under its subsidiary, ALE Corporate Services Ltd. (ALECS), based in Hong Kong. Their primary offerings include accounting, corporate secretarial services, tax filings, and financial reporting, positioning the company as a one-stop solution for SMEs. ALE Group primarily serves clients in the Asia-Pacific region and the U.S., where growing regulatory demands and business complexities have increased the need for reliable corporate services.

With a lean team of seven employees, ALE Group has maintained a streamlined operational approach, allowing them to provide cost-effective solutions to SMEs. The company reported $1.53 million in revenue over the past year, with a net income of $0.68 million, indicating healthy profitability relative to its size.

Strategic IPO Goals and Financial Growth

The upcoming IPO aims to generate approximately $6.3 million, which ALE Group plans to use to bolster its service portfolio and broaden its market presence. By going public, ALE Group anticipates building a stronger financial foundation and gaining the capital required to develop its internal capabilities, enhance its service offerings, and penetrate new markets.

Given the increasing complexity of regulatory requirements, particularly in regions like the U.S., SMEs often rely on professional support to manage their compliance needs. ALE Group’s targeted niche in accounting and corporate consulting presents a significant growth opportunity. The company’s IPO funds will enable them to expand services such as financial audit preparation, tax compliance, and corporate governance support, which are becoming increasingly essential for businesses operating in international markets.

The Road to Public Listing

ALE Group’s journey to the NASDAQ has been a strategic one. Initially, Prime Number Capital was slated to be the sole book-runner for the IPO; however, E.F. Hutton has since taken over. The switch in management indicates ALE’s intent to align with partners who can effectively support its financial ambitions.

The company’s market cap is valued at $102.25 million, a promising figure that places it in the favorable category of SMEs going public with strong regional footholds and potential for international growth. This valuation underscores the positive response from the market, recognizing the demand for quality financial consulting services in a growing global economy.

Why This IPO Matters

The ALE Group IPO comes at a time when there is increasing demand for specialized financial consulting among SMEs, driven by more stringent regulatory landscapes and globalization. By listing on NASDAQ, ALE Group is well-positioned to meet this demand and leverage its IPO funds to expand its influence in the financial consulting space. Their cost-effective services have appealed to companies needing professional support without the expense of large consulting firms, giving ALE Group a competitive edge in a rapidly evolving industry.

Moreover, ALE’s IPO is likely to capture investor interest due to its distinct position within the financial consulting sector. With the IPO, ALE Group aims not only to secure additional funding but also to establish a solidified presence in the market. For investors, the ALE Group IPO represents an opportunity to support a company with a strong track record, a lean operational model, and a strategy built around meeting the needs of the SME market.

Future Outlook for ALE Group

Looking ahead, ALE Group’s success post-IPO will largely depend on its ability to expand its client base while managing operational efficiency. Their focus on a digital-first approach, particularly in corporate and tax compliance, could further enhance their service scalability and client satisfaction.

By leveraging its IPO capital, ALE Group plans to invest in technology to streamline its consulting services, allowing SMEs to access its solutions in a more efficient and cost-effective manner. This digital integration will not only attract a broader client base but also improve service quality and retention rates among existing clients.

In summary, ALE Group’s IPO is an important milestone, marking the company’s transition from a regional player to a globally recognized consulting service provider. Investors and market analysts alike are keeping a close eye on ALE Group Holding Limited, as its IPO could open doors to new growth opportunities and set a strong foundation for continued success in the financial consulting sector.

To stay updated on all economic events of today, please check out our Economic calendar

Risk Warnings and Disclaimers

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Glendon

Economic

The Blue Economy represents an investment frontier focused on the sustainable use of ocean resources. Industries within this sector include renewable energy, sustainable fisheries, marine biotechnology, and oceanic ecosystem preservation. As more companies innovate in ocean-related fields, investors are looking to support growth that aligns with environmental stewardship. Here, we explore five prominent Blue Economy stocks and funds that are helping build a sustainable maritime future.

1. Orsted A/S (ORSTED)

Sector: Renewable Offshore Energy

Market Cap: ~$36 billion

Overview: Denmark-based Orsted is a global leader in offshore wind energy, providing solutions that significantly reduce carbon emissions. Known for its transition from a traditional oil and gas company to a green energy giant, Orsted continues to expand offshore wind farms across Europe, North America, and Asia. The company has set ambitious goals for carbon neutrality and has a proven track record of reducing emissions by harnessing ocean-based renewable resources.

Investment Appeal: Orsted’s extensive offshore wind portfolio aligns well with the Blue Economy's emphasis on sustainability, making it a top pick for investors focused on renewable energy growth.

2. Aker Carbon Capture (AKCCF)

Sector: Carbon Capture and Storage (CCS)

Market Cap: ~$1 billion

Overview: Norway's Aker Carbon Capture is pioneering in carbon capture technology, essential for offsetting emissions generated from maritime and coastal industries. Aker works with various industries to capture and store CO₂ emissions safely, preventing them from entering the ocean and atmosphere. Its recent projects in Norway and the UK emphasize capturing emissions from industrial activities and storing them securely.

Investment Appeal: As governments increase focus on emission reduction and climate action, Aker Carbon Capture’s technology offers a promising solution for industries struggling to minimize their environmental impact. The company’s strong presence in Norway’s carbon-neutrality initiatives boosts its long-term growth potential.

3. AquaBounty Technologies (AQB)

Sector: Sustainable Aquaculture

Market Cap: ~$100 million

Overview: AquaBounty Technologies specializes in genetically modified, fast-growing salmon, designed to meet rising global protein demand sustainably. Through efficient, land-based aquaculture systems, AquaBounty reduces pressure on wild fish populations and curtails the environmental impacts associated with traditional ocean fish farming.

Investment Appeal: With a growing demand for seafood and sustainable food production, AquaBounty is well-positioned as an innovator in Blue Economy aquaculture. Their eco-friendly approach to fish farming appeals to environmentally-conscious investors and those seeking alternative protein sources.

4. iShares MSCI Global Water Index ETF (IWTR)

Sector: Water Sustainability and Infrastructure

Market Cap: ETF structure; assets under management ~$500 million

Overview: The iShares MSCI Global Water Index ETF focuses on companies involved in water conservation, treatment, and infrastructure. The fund includes companies that work in desalination, wastewater treatment, and water pipeline infrastructure, providing a diversified approach to investing in sustainable water resources—an integral part of the Blue Economy.

Investment Appeal: IWTR allows investors to gain exposure to a broad range of companies tackling the global water crisis. As water scarcity increases, companies within this ETF’s portfolio are expected to grow significantly, making it a reliable Blue Economy investment for diversification.

5. OceanPower Technologies (OPTT)

Sector: Marine Renewable Energy

Market Cap: ~$40 million

Overview: OceanPower Technologies develops wave energy technology, harnessing the natural energy of ocean waves to generate electricity. Their PowerBuoy technology is designed to operate autonomously in the open ocean, providing power for offshore industries and research initiatives. The energy created through wave technology could serve as a sustainable solution for coastal industries, helping reduce reliance on traditional fossil fuels.

Investment Appeal: Although OceanPower Technologies remains a smaller player in the Blue Economy, its innovation in renewable energy through wave power shows potential for growth, especially as technological advances make marine renewable energy more efficient and scalable.

Why Invest in the Blue Economy?

Investing in the Blue Economy means supporting the sustainable use of ocean resources for economic growth, improved livelihoods, and ocean ecosystem health. This growing field offers several advantages:

Environmental Impact: Investments in ocean-friendly industries contribute to ecosystem preservation and the fight against climate change.

Economic Opportunity: Sustainable maritime sectors, from renewable energy to aquaculture, offer opportunities for returns aligned with environmental goals.

Global Trend Toward Sustainability: With rising global awareness and regulatory pressure, industries within the Blue Economy are positioned for long-term growth and relevance.

How to Invest in Blue Economy Stocks and Funds

Investing in individual Blue Economy stocks, ETFs, or funds provides various benefits and risks. Blue Economy ETFs, for example, give exposure to a range of companies across sectors, balancing risk through diversification. Individual stocks, on the other hand, allow investors to focus on a particular industry or innovation. Sustainable investing platforms, brokers specializing in green finance, and socially responsible investment (SRI) funds are ideal starting points for aligning portfolios with Blue Economy goals.

Conclusion

The Blue Economy is not only a promising sector for investors but also a vital movement for the planet’s future. Companies and funds leading the way—such as Orsted in offshore wind, AquaBounty in sustainable aquaculture, and iShares’ water ETF—represent exciting opportunities for those looking to invest in a better future. With an increased focus on sustainable practices, this sector is expected to see considerable growth as more investors embrace the importance of environmentally conscious choices.

To stay updated on all economic events of today, please check out our Economic calendar

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Warren Takunda

Cryptocurrency

Bitcoin price is up 5% on Oct. 29, breaking through the $70,000 mark and leading traders to set ambitious targets for BTC moving forward.

Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin rose from a low of $67,541 on Oct. 29, climbing 5.86% to set a 20-week high at $71,500 on Oct. 29. Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_1

Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_1

BTC/USD daily chart. Source: TradingView

Accompanying Bitcoin’s price performance is a 148% leap in trading volume, which stands at $47.5 billion at the time of publication, nearly doubling the volumes seen on Oct. 28, according to data from CoinMarketCap.

The move led to over $78 million in shorts being liquidated in the past 24 hours, which may have contributed to a price spike higher as traders closed losing bets, CoinGlass data shows.

“One last hurdle” for Bitcoin before new all-time highs

Bitcoin’s ongoing rally has seen the price flip key areas into potential strong support, namely the $70,000 psychological level.

“One last hurdle before price discovery,” declared popular Bitcoin analyst Jelle in an Oct. 29 post on X.

Jelle was referring to the supply zone between the $72,000 mark and the all-time high at $73,835. Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_2

Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_2

BTC/USD weekly chart. Source: Jelle

Similar observations were made by fellow analyst Amber_D who spotted Bitcoin trading above $71,000 and said:

“BTC is heading back to the strong resistance zone at around $71k - $73k.”

Data from CoinGlass reveals ask orders worth more than $35.7 million sitting just above the $72,000 level, reinforcing the importance of this level to bears. Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_3

Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_3

Bitcoin liquidation heatmap. Source: CoinGlass

However, the resistance Bitcoin faces in its recovery path is relatively weaker compared to the support it enjoys on the downside. The in/out of the money around price (IOMAP) metric from IntoTheBlock below shows that the support between $66,845 and $68,948 is stronger than the resistance around the $72,000 mark. In other words, the path of least resistance is up. Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_4

Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_4

Bitcoin IOMAP chart. Source: IntoTheBlock

This means that if Bitcoin price produces a decisive close above the $72,00 level, it will likely enter price discovery above the all-time high of nearly $74,000 set in March 2024.

BTC price breakout could result in six-figures

Bitcoin’s performance on Oct. 28 has sparked optimism among analysts who are now making predictions on how high BTC price can go during this cycle.

Veteran trader Peter Brandt says that BTC’s price action presented three scenarios based on two chart patterns: a 5-month inverted expanding triangle and a historical pattern based on Bitcoin halvings.

The first one involved a measured move from the triangle with the target set at $94,000.

The second scenario involved a swing target determined by projecting the November 2022 low to March 2024 high upward from the Aug. 5 low, as shown in the chart below. This places BTC's price target just below $235,000.

Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_5

BTC/USD weekly chart. Source: Peter Brandt

Brandt also presented a “beautiful symmetry of past BTC bull market cycles," projecting the bull market cycle high to occur in late August 2025 or early September 2025 setting the peak within the $130,000 to $150,00 range.

“The X on the chart marks the probably high date and price level.” Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_6

BTC/USD weekly chart. Source: Peter Brandt

Meanwhile, pseudonymous analyst Dyme said that a $150,000 price target was “perfectly possible” for Bitcoin according to their Pi Cycle analysis. Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_7

Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets_7

Source: Dyme

Source: Cointelegraph

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Dollar Picks Its Way

Will EURUSD Go Parity if Trump Wins USA Elections?

Key Drivers of a Bearish EUR/USD Outlook

Investor Sentiment and the Broader Outlook

Bitcoin’s Bullish Breakout

Market Picture

News Background

Creative Global Technology Holdings' IPO: Redefining the Consumer Electronics Market

Business Model and Core Strategy

IPO Objectives and Financial Strategy

Challenges and Investor Considerations

Why the IPO Matters for the Market and Investors

Future Prospects for CGTL

ALE Group Holding Limited's IPO: A Strategic Move for Growth in Financial Consulting Services

Understanding ALE Group’s Business Model

Strategic IPO Goals and Financial Growth

The Road to Public Listing

Why This IPO Matters

Future Outlook for ALE Group

Blue Economy Investments: Top 5 Stocks and Funds Leading Sustainable Growth

1. Orsted A/S (ORSTED)

2. Aker Carbon Capture (AKCCF)

3. AquaBounty Technologies (AQB)

4. iShares MSCI Global Water Index ETF (IWTR)

5. OceanPower Technologies (OPTT)

Why Invest in the Blue Economy?

How to Invest in Blue Economy Stocks and Funds

Conclusion

Bitcoin Bulls Charge Toward $72K as Analysts Set 6-Figure BTC Price Targets

BTC/USD daily chart. Source: TradingView

“One last hurdle” for Bitcoin before new all-time highs

BTC/USD weekly chart. Source: Jelle

Bitcoin liquidation heatmap. Source: CoinGlass

Bitcoin IOMAP chart. Source: IntoTheBlock

BTC price breakout could result in six-figures

BTC/USD weekly chart. Source: Peter Brandt

BTC/USD weekly chart. Source: Peter Brandt

Source: Dyme

Source: Cointelegraph

Risk Disclosure