btc70k
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Bitcoin hitting the exciting $70k mark, let's dive into discussions, share insights, and celebrate this crypto high together. Come on in, let's talk Bitcoin!
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Bitcoin (BTC) Surpasses 70,000 USDT with 0.09% Increase in 24 Hours
On Jun 04, 2024, 14:18 PM (UTC). According to Binance Market Data, Bitcoin (BTC) has crossed the 70,000 USDT benchmark and is now trading at 70,025.851563 USDT, with 0.09% increase in 24 hours.
😒 It seems like the cryptocurrency market just doesn't want to budge, stuck in a bearish trend that refuses to turn around. Even with positive economic indicators, the likes of Bitcoin, Ethereum, Solana, and Litecoin continue to drop in value. What gives? 🤔
Michaël van de Poppe, a well-known crypto analyst, dives in to offer his insights on the factors behind this puzzling market behavior.
On one hand, we've got the release of important macroeconomic data points this week, like the Consumer Price Index (CPI) and the Producer Price Index (PPI). These indicators were positive and would typically be a boon for risky assets like cryptocurrencies.
But, on the other hand, we've also got the FOMC meeting, where Jerome Powell delivered a surprisingly hawkish speech, revising downward the number of potential rate cuts for 2024. That's a major market driver right there! 💸
And, let's not forget that consumer sentiment data came in lower than expected at 65.6, which might increase the likelihood of interest rate cuts. But, with Powell's stance, who knows what'll happen?
Despite all this, the crypto market continues to drop, defying all expectations. But, here's the thing - the US Dollar has strengthened, reaching 105.75 points, while Treasury Bond Yields have dropped significantly, with the 2-year yield reaching its lowest point in two months (4.694%) and the 10-year yield falling to 4.211%. 💸
Oh, and don't forget that gold has been on an upward trend, diverging from Bitcoin's performance. 🥇
Now, add to the mix the uncertainty surrounding an Ethereum ETF decision and we're left with a market that's just stuck in the mud. 🤦♂️
But, don't give up hope just yet! Van de Poppe suggests that we might be due for an upward movement soon, even as uncertainties surround rate cuts. One more week of downward pressure, and who knows, maybe the tides will turn? 🌊
What do you think? Can the crypto market find a way to shake off this bearish trend? Or will we be stuck in this rut for a while longer? Share your thoughts! 💬
#Market #CryptoMarket #btc70k
Michaël van de Poppe, a well-known crypto analyst, dives in to offer his insights on the factors behind this puzzling market behavior.
On one hand, we've got the release of important macroeconomic data points this week, like the Consumer Price Index (CPI) and the Producer Price Index (PPI). These indicators were positive and would typically be a boon for risky assets like cryptocurrencies.
But, on the other hand, we've also got the FOMC meeting, where Jerome Powell delivered a surprisingly hawkish speech, revising downward the number of potential rate cuts for 2024. That's a major market driver right there! 💸
And, let's not forget that consumer sentiment data came in lower than expected at 65.6, which might increase the likelihood of interest rate cuts. But, with Powell's stance, who knows what'll happen?
Despite all this, the crypto market continues to drop, defying all expectations. But, here's the thing - the US Dollar has strengthened, reaching 105.75 points, while Treasury Bond Yields have dropped significantly, with the 2-year yield reaching its lowest point in two months (4.694%) and the 10-year yield falling to 4.211%. 💸
Oh, and don't forget that gold has been on an upward trend, diverging from Bitcoin's performance. 🥇
Now, add to the mix the uncertainty surrounding an Ethereum ETF decision and we're left with a market that's just stuck in the mud. 🤦♂️
But, don't give up hope just yet! Van de Poppe suggests that we might be due for an upward movement soon, even as uncertainties surround rate cuts. One more week of downward pressure, and who knows, maybe the tides will turn? 🌊
What do you think? Can the crypto market find a way to shake off this bearish trend? Or will we be stuck in this rut for a while longer? Share your thoughts! 💬
#Market #CryptoMarket #btc70k
📊 Btc Chart Update 📊
Urgent Bitcoin Update 🔥 🔥 🔥
Time Frame - 4 Hour
Btc marked local bottom at our sniper Second Entry & had a nice bounce of $2000 since then. Yesterday's move to fill some fuel, hunt sell side liquidity was manipulative one.
Right now, while i am posting update, US inflation has been released & it falls to 3.3%. Lower than expected.
While most of them were bearish & flip flopping positions, we persisted.
We also have FOMC after 5 and half hours so market will remain volatile.
FYI, Avg entry for our Swing Long is 67k, Targets remains same. Enjoy the Ride.
@Crypto PM
$BTC
#bitcoin #BTC #BTCUSDT #btc70k #BTC☀
Urgent Bitcoin Update 🔥 🔥 🔥
Time Frame - 4 Hour
Btc marked local bottom at our sniper Second Entry & had a nice bounce of $2000 since then. Yesterday's move to fill some fuel, hunt sell side liquidity was manipulative one.
Right now, while i am posting update, US inflation has been released & it falls to 3.3%. Lower than expected.
While most of them were bearish & flip flopping positions, we persisted.
We also have FOMC after 5 and half hours so market will remain volatile.
FYI, Avg entry for our Swing Long is 67k, Targets remains same. Enjoy the Ride.
@Crypto PM
$BTC
#bitcoin #BTC #BTCUSDT #btc70k #BTC☀
Herkes alırken sat diyor eskiler 🙂#Bitcoin düşüşü altlarin hepten ezilmesi dolasiyla herkez long pozisyonunda arkadaşlar mısır kocanı verisi enflasyon verisi işsizlik rakamları verisi etkileyecek diyorsunuz ama bunların hepsi olumsuz geldiği zaman #btc70k yukselirken BTC merkezi yok bu veriler lazım değil diyenler şimdi verilere baglamis kendini🙂
💈We experienced two years of a bear market after the 2021 bull market; then we had a year of adjustment period.
💈We got used to the bear, made money, and then said the bull is coming. Bitcoin was making new ATHs, and we profited during that time.
💈We kept saying the bull market is coming, but for the past four months, it’s been nothing but declines.
They have discouraged everyone, even I got tired despite all my consistency and experience.
When I think about working so hard just to end up back at the beginning, I realize this system is built on human psychology.
💈It’s designed to make us give up right now, to keep going until everyone is drained of hope.
Actually, this increases our belief that everything starts when everyone is afraid and gives up.
Therefore, we are at a time when we need to be motivated, different from everyone else, and even more ambitious.
#BinanceHerYerde #btc70k #Bitcoin #Binance
💈We got used to the bear, made money, and then said the bull is coming. Bitcoin was making new ATHs, and we profited during that time.
💈We kept saying the bull market is coming, but for the past four months, it’s been nothing but declines.
They have discouraged everyone, even I got tired despite all my consistency and experience.
When I think about working so hard just to end up back at the beginning, I realize this system is built on human psychology.
💈It’s designed to make us give up right now, to keep going until everyone is drained of hope.
Actually, this increases our belief that everything starts when everyone is afraid and gives up.
Therefore, we are at a time when we need to be motivated, different from everyone else, and even more ambitious.
#BinanceHerYerde #btc70k #Bitcoin #Binance
📊 Bitcoin Chart Update 📊
Bitcoin hit max pain 66k today (also second entry for our swing setup). I do believe we have formed a local bottom. Seeing such a bearish timeline makes me even more confident that they've been capitulated.
Invalidation only if we close daily below 64k
Long and strong 💪💪
$BTC
#bitcoin #BTC #BTCUSDT #btc70k #BTC☀
Bitcoin hit max pain 66k today (also second entry for our swing setup). I do believe we have formed a local bottom. Seeing such a bearish timeline makes me even more confident that they've been capitulated.
Invalidation only if we close daily below 64k
Long and strong 💪💪
$BTC
#bitcoin #BTC #BTCUSDT #btc70k #BTC☀
Note:
Some of the accounts that were connected with your province started from zero
Stay with us to get the most accurate currency and airdrop news to get the most tokens 💪
#Megadrop #MtGox btc $BTC bnb #StartInvestingInCrypto $BNB $SOL #FIT21 #btc70k
Some of the accounts that were connected with your province started from zero
Stay with us to get the most accurate currency and airdrop news to get the most tokens 💪
#Megadrop #MtGox btc $BTC bnb #StartInvestingInCrypto $BNB $SOL #FIT21 #btc70k
Bitcoin Swing Long Setup
Entries - 66k ~ 68.1k (CMP)
Stoploss - Daily Close below 64k
Targets - 70k/ 72k/ 80k/ 84k/ 100k
@Crypto PM
$BTC
#bitcoin #LONG✈️🚀✈️ #LongBTC #signalsfree #btc70k
Entries - 66k ~ 68.1k (CMP)
Stoploss - Daily Close below 64k
Targets - 70k/ 72k/ 80k/ 84k/ 100k
@Crypto PM
$BTC
#bitcoin #LONG✈️🚀✈️ #LongBTC #signalsfree #btc70k
$XRP 🚨ATTENTION ⚠️
XRP WILL DECEIVE ITS INVESTORS BY 2026
The latest situation regarding the XRP case is as follows: The Court allowed the SEC to submit its opening statement by March 22, 2024, Ripple to submit its counter-statement by April 22, 2024, and the regulator to submit its response by June 9, 2024. So what will happen?
- At this stage of the court process, the SEC requested additional time to submit discovery materials regarding the measures to be taken against Ripple
- The SEC's reasoning behind this extension request was emphasized as 'good cause' according to the Federal Rules of Civil Procedure, and noted the SEC's diligence in "completing discovery and briefing regarding the measures"
- Ripple joined the SEC's petition, as it had previously received an extension of the initial discovery period from Judge Sarah Netburn, meaning nine additional days to file its own opening statement
- It is stated that the outcome of the case may not be officially announced before MAY 2025 due to possible appeals in the complex legal struggle. My guess is that SEC and XRP will continue to exploit investors in an agreed manner.
Until this process, xrp will fill its portfolio with the losses of small investors. Attention here, xrp fans will continue to increase interest and maintain its volume by constantly advertising, thus blaming the SEC for large losses.
If you would like to learn more about the outcome and progress of the case, please stay tuned. If there's anything else I can help with, don't hesitate to ask.
$XRP don't forget tip me
💘Follow me for more updates❤️
#RippleSEC #Binance #binancesuquare #Write2Rean #btc70k
XRP WILL DECEIVE ITS INVESTORS BY 2026
The latest situation regarding the XRP case is as follows: The Court allowed the SEC to submit its opening statement by March 22, 2024, Ripple to submit its counter-statement by April 22, 2024, and the regulator to submit its response by June 9, 2024. So what will happen?
- At this stage of the court process, the SEC requested additional time to submit discovery materials regarding the measures to be taken against Ripple
- The SEC's reasoning behind this extension request was emphasized as 'good cause' according to the Federal Rules of Civil Procedure, and noted the SEC's diligence in "completing discovery and briefing regarding the measures"
- Ripple joined the SEC's petition, as it had previously received an extension of the initial discovery period from Judge Sarah Netburn, meaning nine additional days to file its own opening statement
- It is stated that the outcome of the case may not be officially announced before MAY 2025 due to possible appeals in the complex legal struggle. My guess is that SEC and XRP will continue to exploit investors in an agreed manner.
Until this process, xrp will fill its portfolio with the losses of small investors. Attention here, xrp fans will continue to increase interest and maintain its volume by constantly advertising, thus blaming the SEC for large losses.
If you would like to learn more about the outcome and progress of the case, please stay tuned. If there's anything else I can help with, don't hesitate to ask.
$XRP don't forget tip me
💘Follow me for more updates❤️
#RippleSEC #Binance #binancesuquare #Write2Rean #btc70k
Bitcoin Price Important Update 🔥
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.
.
.
📈 **4-Hour Chart Overview**:
Bitcoin's been playing it cool, hanging out in the 68-70k neighborhood after that quick sell-off we saw on June 7th. It's like it's taking a breather before the next big move. 🌬️
🔮 **What's Next?**:
Keep your eyes peeled between June 10th and 12th, as we're expecting Bitcoin to hit a local low around 66k - that's the spot where it might say, "Alright, enough chilling, let's shake things up!" and start climbing again. 🧗
💡 **Pro Tip for Long Traders**:
If you're looking to ride the wave up, consider setting your buy orders somewhere cozy between 68.2k and 66k. It's like finding the perfect spot on the beach just before the tide comes in. 🏖️
Remember, the crypto sea can be unpredictable, so stay sharp and happy trading! 📊💸
$BTC
#bitcoin #btc70k #BTCUSDT #BitcoinPriceDrop
.
.
.
.
📈 **4-Hour Chart Overview**:
Bitcoin's been playing it cool, hanging out in the 68-70k neighborhood after that quick sell-off we saw on June 7th. It's like it's taking a breather before the next big move. 🌬️
🔮 **What's Next?**:
Keep your eyes peeled between June 10th and 12th, as we're expecting Bitcoin to hit a local low around 66k - that's the spot where it might say, "Alright, enough chilling, let's shake things up!" and start climbing again. 🧗
💡 **Pro Tip for Long Traders**:
If you're looking to ride the wave up, consider setting your buy orders somewhere cozy between 68.2k and 66k. It's like finding the perfect spot on the beach just before the tide comes in. 🏖️
Remember, the crypto sea can be unpredictable, so stay sharp and happy trading! 📊💸
$BTC
#bitcoin #btc70k #BTCUSDT #BitcoinPriceDrop
#BTC/USDT Technical Analysis
Bitcoin (BTC) is exhibiting consolidation patterns within a defined rectangular channel, demonstrating resilience above the mid-channel trendline. The **100-day Moving Average (MA)** is currently serving as a pivotal support level, reinforcing the significance of the mid-channel trendline.
A decisive breakout from the upper boundary of the channel could potentially signal the onset of a bullish trend, characterized by sustained upward momentum. Conversely, a breach below the mid-channel trendline support, particularly if accompanied by significant trading volume, may precipitate a continuation of lateral movement within the channel's confines.
Investors and traders should monitor these key levels closely, as a confirmed breakout or breakdown will likely dictate the short to medium-term market sentiment for BTC/USDT.
---
This revised analysis provides a clear and concise overview of the current market situation for Bitcoin, with an emphasis on the critical support provided by the 100-day MA and the potential implications of a breakout or breakdown from the channel. Remember, it's important to consider various market factors and conduct thorough research before making any investment decisions.
$BTC
#bitcoin #Binance #BTCUSDT #btc70k
Bitcoin (BTC) is exhibiting consolidation patterns within a defined rectangular channel, demonstrating resilience above the mid-channel trendline. The **100-day Moving Average (MA)** is currently serving as a pivotal support level, reinforcing the significance of the mid-channel trendline.
A decisive breakout from the upper boundary of the channel could potentially signal the onset of a bullish trend, characterized by sustained upward momentum. Conversely, a breach below the mid-channel trendline support, particularly if accompanied by significant trading volume, may precipitate a continuation of lateral movement within the channel's confines.
Investors and traders should monitor these key levels closely, as a confirmed breakout or breakdown will likely dictate the short to medium-term market sentiment for BTC/USDT.
---
This revised analysis provides a clear and concise overview of the current market situation for Bitcoin, with an emphasis on the critical support provided by the 100-day MA and the potential implications of a breakout or breakdown from the channel. Remember, it's important to consider various market factors and conduct thorough research before making any investment decisions.
$BTC
#bitcoin #Binance #BTCUSDT #btc70k
- **Markus Thielen's Prediction**:
- Believes Bitcoin will reach a new all-time high.
- Spotted a "head and shoulders" pattern indicating a potential rally towards **$83,000**.
- **Current Resistance**:
- Bitcoin faced resistance and retreated to just over **$69,000** on June 7.
- Despite this, the bullish chart pattern remains in play.
- **Economic Factors**:
- Global central bank easing cycle has begun with rate cuts in Canada and Europe.
- US economic slowdown could lead to reduced inflation.
- **US Employment Data**:
- Unemployment rate increased to **4.0%**.
- Number of jobs added was higher than expected.
- **Bitcoin's Market Movement**:
- Price increased by **3.1%** with **$4.8 billion** inflows last week.
- Predicted rally was **5.8%**, based on regression analysis.
- **Inflow Analysis**:
- Around **$13 billion** in new inflows needed to hit the **$83,000** target.
- A breakout above **$71,600** could lead to more buying.
- **Market Sentiment**:
- Lower US employment and inflation data may support new highs for Bitcoin.
- Long-term holder selling is currently preventing price increases.
- **Bitcoin's Trading Price**:
- Trading at **$69,420**; found support after a **2.5%** decline.
- Needs to break **$71,500** for further upward momentum.
Keep an eye on the market trends and economic indicators for Bitcoin's next move! 👀💼
#bitcoin #btc70k #BTC☀️ #btcusdt
- Believes Bitcoin will reach a new all-time high.
- Spotted a "head and shoulders" pattern indicating a potential rally towards **$83,000**.
- **Current Resistance**:
- Bitcoin faced resistance and retreated to just over **$69,000** on June 7.
- Despite this, the bullish chart pattern remains in play.
- **Economic Factors**:
- Global central bank easing cycle has begun with rate cuts in Canada and Europe.
- US economic slowdown could lead to reduced inflation.
- **US Employment Data**:
- Unemployment rate increased to **4.0%**.
- Number of jobs added was higher than expected.
- **Bitcoin's Market Movement**:
- Price increased by **3.1%** with **$4.8 billion** inflows last week.
- Predicted rally was **5.8%**, based on regression analysis.
- **Inflow Analysis**:
- Around **$13 billion** in new inflows needed to hit the **$83,000** target.
- A breakout above **$71,600** could lead to more buying.
- **Market Sentiment**:
- Lower US employment and inflation data may support new highs for Bitcoin.
- Long-term holder selling is currently preventing price increases.
- **Bitcoin's Trading Price**:
- Trading at **$69,420**; found support after a **2.5%** decline.
- Needs to break **$71,500** for further upward momentum.
Keep an eye on the market trends and economic indicators for Bitcoin's next move! 👀💼
#bitcoin #btc70k #BTC☀️ #btcusdt
How to Safely Invest in Crypto in 2024
Investing in cryptocurrency is becoming increasingly popular, but there are essential security measures every trader and investor should follow. Here’s how to invest in cryptocurrency safely.
Find a Reliable Crypto Exchange
Research and identify a secure and reputable exchange for buying and selling cryptocurrencies. Binance, the world’s largest and most reliable Crypto Exchange, offers excellent customer service and the ability to trade over 1,000 cryptocurrencies 24/7 with high-security standards.
Conduct Your Own Research (DYOR)
Cryptocurrencies are highly speculative and volatile. It’s important to conduct your own research instead of relying on opinions, advice, or tips from social media influencers, online forums, or friends. This practice enables you to make more informed decisions about your crypto investments.
Choose a Secure Crypto Wallet
Only keep cryptocurrency on an exchange if you are actively trading. Otherwise, transfer it to external wallets. Decide whether you need a hot wallet or a cold wallet. Reputable cold wallets like Nano Ledger, Trezor, and SafePal offer the highest security, though they can be costly. Hot wallets, often called online wallets, are usually free and accessible to everyone. The Binance Web3 Wallet is a great free option with an extra layer of security.
Use Two-Factor Authentication (2FA)
Ensure the security of your exchange account by enabling two-factor authentication.
Start with a Small Investment
Avoid the mistake of starting with a large investment without trading experience. Begin with a small amount to get familiar with the market and regularly monitor your investments.
#cryptoexchange #bitcoin #StartInvestingInCrypto #btc70k #Binance $BTC
Investing in cryptocurrency is becoming increasingly popular, but there are essential security measures every trader and investor should follow. Here’s how to invest in cryptocurrency safely.
Find a Reliable Crypto Exchange
Research and identify a secure and reputable exchange for buying and selling cryptocurrencies. Binance, the world’s largest and most reliable Crypto Exchange, offers excellent customer service and the ability to trade over 1,000 cryptocurrencies 24/7 with high-security standards.
Conduct Your Own Research (DYOR)
Cryptocurrencies are highly speculative and volatile. It’s important to conduct your own research instead of relying on opinions, advice, or tips from social media influencers, online forums, or friends. This practice enables you to make more informed decisions about your crypto investments.
Choose a Secure Crypto Wallet
Only keep cryptocurrency on an exchange if you are actively trading. Otherwise, transfer it to external wallets. Decide whether you need a hot wallet or a cold wallet. Reputable cold wallets like Nano Ledger, Trezor, and SafePal offer the highest security, though they can be costly. Hot wallets, often called online wallets, are usually free and accessible to everyone. The Binance Web3 Wallet is a great free option with an extra layer of security.
Use Two-Factor Authentication (2FA)
Ensure the security of your exchange account by enabling two-factor authentication.
Start with a Small Investment
Avoid the mistake of starting with a large investment without trading experience. Begin with a small amount to get familiar with the market and regularly monitor your investments.
#cryptoexchange #bitcoin #StartInvestingInCrypto #btc70k #Binance $BTC
