According to @MI_Algos, the Bitcoin (BTC) market has entered a phase of extremely low beta, which historically indicates a local top and suggests that a support test and period of consolidation are imminent. Latest crypto market metrics from the MI Dashboard support this outlook, signaling traders to prepare for potential price stabilization and key support level retests. Source: @MI_Algos.

According to Cas Abbé, Michael Saylor is set to announce another Bitcoin buy, raising concerns over whether this might be a local top buy. Traders should monitor $BTC demand as it appears largely driven by single-entity purchases, notably affecting market dynamics (source: Twitter).

According to Trader Tardigrade, Dogecoin reached a local top of $4.84 on December 8, 2024, experiencing a maximum drawdown of 58% over the past 78 days. This information is crucial for traders as it highlights a significant price correction, indicating potential volatility and risk in trading Dogecoin. The data is essential for assessing current market sentiment and devising future trading strategies.

According to Cas Abbé, Bitcoin is in a Wyckoff Distribution phase with a target peak around $120K before April 2025. This phase is expected to be a local top, similar to March 2024, followed by a choppy market for 4-6 months before a potential blow-off top in Q4 2025.