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.
🚨 URGENT! MUST READ.🚨
~
🚨#Bitcoin is about to DUMP.🚨
~
In this post, I'll give a follow-up from yesterday's update (quoted post) and inform you what to expect from the trade I gave going forward.
~
Let's talk about the trade first:
The TP 1 of the #BTC trade, which was $65,882 hit, and we got very close to the TP 2, I told you guys to move your SL to entry, and right now we're in the green zone. My SL isn't hit yet, but if your SL is hit, then you can re-enter the trade. With the same TP levels
As you can see on the first chart attached, we're currently getting a rejection off of the 20 EMA on the 4H. If you see that $BTC starts to dump after a confirmed rejection, then you can re-enter the trade, and my SL would have been $67,754 if I had re-entered the trade. Adjust this if needed for you.
We can also see that we're facing a resistance on the moving average (MA) in the oscillator, and typically, it has always been a good place to go short after the rejection. Don't enter the trade If we break above the 20 EMA on the 4H chart and hold the green zone as support. The trade will be invalidated then.
~
Now let's move to Daily:
On the daily, we got an amazing bounce off the 0.786 fib level. But the oscillator on the daily isn't reset for a continuation up; we still have room to go down and we just lost the MA on oscillator in the daily time frame. Typically, this suggests we're going to dump a little bit more.
So the technical target for this correction still remains the 20 EMA, and as you can see, it's slowly coming up. We may see a situation where it comes up to the 0.702 fib level sitting at $64,789 and the price start to recover from there. But until that happens, my personal technical target is the 0.618 fib level. If things change, I'll update.
~
Thanks for reading; stay safe.🤝🏻
-
PS: Read the pinned comment.
#BinanceTurns7 #btc70k #Write2Earn!
~
🚨#Bitcoin is about to DUMP.🚨
~
In this post, I'll give a follow-up from yesterday's update (quoted post) and inform you what to expect from the trade I gave going forward.
~
Let's talk about the trade first:
The TP 1 of the #BTC trade, which was $65,882 hit, and we got very close to the TP 2, I told you guys to move your SL to entry, and right now we're in the green zone. My SL isn't hit yet, but if your SL is hit, then you can re-enter the trade. With the same TP levels
As you can see on the first chart attached, we're currently getting a rejection off of the 20 EMA on the 4H. If you see that $BTC starts to dump after a confirmed rejection, then you can re-enter the trade, and my SL would have been $67,754 if I had re-entered the trade. Adjust this if needed for you.
We can also see that we're facing a resistance on the moving average (MA) in the oscillator, and typically, it has always been a good place to go short after the rejection. Don't enter the trade If we break above the 20 EMA on the 4H chart and hold the green zone as support. The trade will be invalidated then.
~
Now let's move to Daily:
On the daily, we got an amazing bounce off the 0.786 fib level. But the oscillator on the daily isn't reset for a continuation up; we still have room to go down and we just lost the MA on oscillator in the daily time frame. Typically, this suggests we're going to dump a little bit more.
So the technical target for this correction still remains the 20 EMA, and as you can see, it's slowly coming up. We may see a situation where it comes up to the 0.702 fib level sitting at $64,789 and the price start to recover from there. But until that happens, my personal technical target is the 0.618 fib level. If things change, I'll update.
~
Thanks for reading; stay safe.🤝🏻
-
PS: Read the pinned comment.
#BinanceTurns7 #btc70k #Write2Earn!
LIVEAnonymous B69
--
Bearish
🚨 URGENT! MUST READ.🚨
~
🚨#Bitcoin is about to DUMP.🚨
~
In this post, I will cover the technical targets of the upcoming correction and what we can expect moving forward.
~
Before we begin, I urge you to read my quoted post, as the information there remains relevant.
Now look at the comment section to see how people are calling me names. I also made a post earlier warning you guys about the incoming dump, but I got name called there as well.
Read Here.
Moving forward, I hope my accurate calls will be met with respect rather than dismissiveness.
~
Let's start with the daily chart:
Refer to the first attached chart. The bearish divergence I identified in previous posts is materializing, bringing us to the first level of support, the green zone, which aligns with the 0.786 Fibonacci level.
If #BTC consolidates here and the oscillator moves toward neutral territory, I will update you.
~
Currently, the oscillator is in the overbought territory and moving towards neutral. We are holding at this support level, and if it holds, we may continue upward.
However, it appears likely we will see the anticipated retest of the 20 EMA, which aligns with the yellow support zone and the 0.618 Fib level. Several indicators suggest a retest of the yellow zone is imminent.
~
Trade setup:
On the 4-hour timeframe (2nd chart), I have a trade setup. The stop loss is set at $67,713, and the take profit levels are $65,882, $64,935, and $63,876.
Do not risk more than 2% of your portfolio on this trade. Enter only if we get a rejection off the 20 EMA and the green zone on the retest. If you are unsure about managing your risk, it is best not to enter.
The 4-hour chart is in the oversold territory, and we may see a relief rally before a potential dump. Monitor the chart closely and enter only if the mentioned conditions are met. If $BTC holds support here, a pump is possible.
~
Thank you for reading, and stay safe. 🤝
#btc70k
~
🚨#Bitcoin is about to DUMP.🚨
~
In this post, I will cover the technical targets of the upcoming correction and what we can expect moving forward.
~
Before we begin, I urge you to read my quoted post, as the information there remains relevant.
Now look at the comment section to see how people are calling me names. I also made a post earlier warning you guys about the incoming dump, but I got name called there as well.
Read Here.
Moving forward, I hope my accurate calls will be met with respect rather than dismissiveness.
~
Let's start with the daily chart:
Refer to the first attached chart. The bearish divergence I identified in previous posts is materializing, bringing us to the first level of support, the green zone, which aligns with the 0.786 Fibonacci level.
If #BTC consolidates here and the oscillator moves toward neutral territory, I will update you.
~
Currently, the oscillator is in the overbought territory and moving towards neutral. We are holding at this support level, and if it holds, we may continue upward.
However, it appears likely we will see the anticipated retest of the 20 EMA, which aligns with the yellow support zone and the 0.618 Fib level. Several indicators suggest a retest of the yellow zone is imminent.
~
Trade setup:
On the 4-hour timeframe (2nd chart), I have a trade setup. The stop loss is set at $67,713, and the take profit levels are $65,882, $64,935, and $63,876.
Do not risk more than 2% of your portfolio on this trade. Enter only if we get a rejection off the 20 EMA and the green zone on the retest. If you are unsure about managing your risk, it is best not to enter.
The 4-hour chart is in the oversold territory, and we may see a relief rally before a potential dump. Monitor the chart closely and enter only if the mentioned conditions are met. If $BTC holds support here, a pump is possible.
~
Thank you for reading, and stay safe. 🤝
#btc70k
🚨 URGENT! MUST READ.🚨
~
🚨#Bitcoin is about to DUMP.🚨
~
In this post, I will cover the technical targets of the upcoming correction and what we can expect moving forward.
~
Before we begin, I urge you to read my quoted post, as the information there remains relevant.
Now look at the comment section to see how people are calling me names. I also made a post earlier warning you guys about the incoming dump, but I got name called there as well.
Read Here.
Moving forward, I hope my accurate calls will be met with respect rather than dismissiveness.
~
Let's start with the daily chart:
Refer to the first attached chart. The bearish divergence I identified in previous posts is materializing, bringing us to the first level of support, the green zone, which aligns with the 0.786 Fibonacci level.
If #BTC consolidates here and the oscillator moves toward neutral territory, I will update you.
~
Currently, the oscillator is in the overbought territory and moving towards neutral. We are holding at this support level, and if it holds, we may continue upward.
However, it appears likely we will see the anticipated retest of the 20 EMA, which aligns with the yellow support zone and the 0.618 Fib level. Several indicators suggest a retest of the yellow zone is imminent.
~
Trade setup:
On the 4-hour timeframe (2nd chart), I have a trade setup. The stop loss is set at $67,713, and the take profit levels are $65,882, $64,935, and $63,876.
Do not risk more than 2% of your portfolio on this trade. Enter only if we get a rejection off the 20 EMA and the green zone on the retest. If you are unsure about managing your risk, it is best not to enter.
The 4-hour chart is in the oversold territory, and we may see a relief rally before a potential dump. Monitor the chart closely and enter only if the mentioned conditions are met. If $BTC holds support here, a pump is possible.
~
Thank you for reading, and stay safe. 🤝
#btc70k
~
🚨#Bitcoin is about to DUMP.🚨
~
In this post, I will cover the technical targets of the upcoming correction and what we can expect moving forward.
~
Before we begin, I urge you to read my quoted post, as the information there remains relevant.
Now look at the comment section to see how people are calling me names. I also made a post earlier warning you guys about the incoming dump, but I got name called there as well.
Read Here.
Moving forward, I hope my accurate calls will be met with respect rather than dismissiveness.
~
Let's start with the daily chart:
Refer to the first attached chart. The bearish divergence I identified in previous posts is materializing, bringing us to the first level of support, the green zone, which aligns with the 0.786 Fibonacci level.
If #BTC consolidates here and the oscillator moves toward neutral territory, I will update you.
~
Currently, the oscillator is in the overbought territory and moving towards neutral. We are holding at this support level, and if it holds, we may continue upward.
However, it appears likely we will see the anticipated retest of the 20 EMA, which aligns with the yellow support zone and the 0.618 Fib level. Several indicators suggest a retest of the yellow zone is imminent.
~
Trade setup:
On the 4-hour timeframe (2nd chart), I have a trade setup. The stop loss is set at $67,713, and the take profit levels are $65,882, $64,935, and $63,876.
Do not risk more than 2% of your portfolio on this trade. Enter only if we get a rejection off the 20 EMA and the green zone on the retest. If you are unsure about managing your risk, it is best not to enter.
The 4-hour chart is in the oversold territory, and we may see a relief rally before a potential dump. Monitor the chart closely and enter only if the mentioned conditions are met. If $BTC holds support here, a pump is possible.
~
Thank you for reading, and stay safe. 🤝
#btc70k
LIVEAnonymous B69
--
Bearish
🚨 URGENT! MUST READ.🚨
~
🚨#Bitcoin is about to DUMP.🚨
~
Here's why a "sell the news" event might occur for Bitcoin and an update on the weekly status:
~
Daily Time Frame:
Since the pump on July 12th, we've entered overbought territory on the oscillator (on July 16th) and are developing a bearish divergence, indicating a potential correction as bulls lose momentum.
~
Now refer to the first chart attached:
In this chart, I have drawn 2 paths showing what I expect $BTC to do in the coming days.
Yellow path: It shows that we have started the correction and we're going down to retest the 0.618 fib level, which also aligns with the 20 EMA on the daily. Before ultimately reaching somewhere between 1.618 and 2 fib levels, which will be very close to 80k, I'm personally betting on the fact that we'll reach 82k by August. Let's see what happens.
Personally, I'd like to see the yellow path play out because it gives #BTC to cool down for a bit.
Red Path: It shows that BTC continues to pump in anticipation of the upcoming Bitcoin conference, where Trump will give a speech. And as we come closer to the event, the hype dies down and we see a normal market correction to the current level, and i believe by that time the 20 EMA will also be very close to that level, thus completing the long-awaited retest.
Now let's talk about the weekly timeframe:
As you can see, bitcoin gave a weekly close above a major level of resistance, which is very bullish. The weekly oscillator is in neutral territory, showing that it still has the strength to continue with the pump, which gives me hope that we still have enough power left on the weekly to reach the 80s.
But one thing we have to be careful about is that the last time we reached this area on the oscillator, we got rejected on the pink MA in it. Right now we're at the same place, and I'd personally like to see bitcoin break this resistance ASAP.
~
All in all, bitcoin is bullish, and we're in an uptrend, no more 48k here. Looking forward to a new ATH very soon.
~
Thanks for reading. Stay safe.🤝🏻
#crypto
~
🚨#Bitcoin is about to DUMP.🚨
~
Here's why a "sell the news" event might occur for Bitcoin and an update on the weekly status:
~
Daily Time Frame:
Since the pump on July 12th, we've entered overbought territory on the oscillator (on July 16th) and are developing a bearish divergence, indicating a potential correction as bulls lose momentum.
~
Now refer to the first chart attached:
In this chart, I have drawn 2 paths showing what I expect $BTC to do in the coming days.
Yellow path: It shows that we have started the correction and we're going down to retest the 0.618 fib level, which also aligns with the 20 EMA on the daily. Before ultimately reaching somewhere between 1.618 and 2 fib levels, which will be very close to 80k, I'm personally betting on the fact that we'll reach 82k by August. Let's see what happens.
Personally, I'd like to see the yellow path play out because it gives #BTC to cool down for a bit.
Red Path: It shows that BTC continues to pump in anticipation of the upcoming Bitcoin conference, where Trump will give a speech. And as we come closer to the event, the hype dies down and we see a normal market correction to the current level, and i believe by that time the 20 EMA will also be very close to that level, thus completing the long-awaited retest.
Now let's talk about the weekly timeframe:
As you can see, bitcoin gave a weekly close above a major level of resistance, which is very bullish. The weekly oscillator is in neutral territory, showing that it still has the strength to continue with the pump, which gives me hope that we still have enough power left on the weekly to reach the 80s.
But one thing we have to be careful about is that the last time we reached this area on the oscillator, we got rejected on the pink MA in it. Right now we're at the same place, and I'd personally like to see bitcoin break this resistance ASAP.
~
All in all, bitcoin is bullish, and we're in an uptrend, no more 48k here. Looking forward to a new ATH very soon.
~
Thanks for reading. Stay safe.🤝🏻
#crypto
BIG BREAKING: US Spot #BitcoinETF Saw 2nd Highest Net Inflow $533M (+7781 BTC) After 14 March
🔹 #BlackRock +$526M saw Inflow
🔹 #Fidelity saw +$24M Inflow
🔹 Total Value Traded: $1.62 Billion ( As of 22 July )
🔹 Total Net Assets ~$62 Billion in Spot ETFs
US Bitcoin ETFs Bought 7,781 $BTC Yesterday, which is Equal to Approximately 17 days supply.
#btc70k #ETH $ETH $XRP
🔹 #BlackRock +$526M saw Inflow
🔹 #Fidelity saw +$24M Inflow
🔹 Total Value Traded: $1.62 Billion ( As of 22 July )
🔹 Total Net Assets ~$62 Billion in Spot ETFs
US Bitcoin ETFs Bought 7,781 $BTC Yesterday, which is Equal to Approximately 17 days supply.
#btc70k #ETH $ETH $XRP
♨️ 💲BITCOIN 💲♨️
Bitcoin's price surged above $67,000, marking a significant 10% weekly gain and nearing its previous all-time high of $69K. Analysts are optimistic as BTC maintains its recovery, supported by key technical levels. The market sentiment has shifted to 'extreme greed' as investors anticipate further gains. Are you bullish on Bitcoin's next move? 📈
#BTC #btc70k #BTC☀
Bitcoin's price surged above $67,000, marking a significant 10% weekly gain and nearing its previous all-time high of $69K. Analysts are optimistic as BTC maintains its recovery, supported by key technical levels. The market sentiment has shifted to 'extreme greed' as investors anticipate further gains. Are you bullish on Bitcoin's next move? 📈
#BTC #btc70k #BTC☀
JUST IN:💥 The world’s largest #Bitcoin conference is only FOUR days away 👀
#Bitcoin #Trump #btc70k #altocoins #Binance
#Bitcoin #Trump #btc70k #altocoins #Binance
BTC Two Ways👀
- Red💊
- Green💊
Lets see
ya to Btc current price se pump ho ky 70k ja skta
ya last Shakeout wick possible ha 61-63k zone then resume pump again
Better to trade with SL...and keep booking profit on your Targets....
Save some Cash For backup in case if BTC goes to 61-63k
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#BTC #btcupdate2024 #Marketupdate #btc70k #apCryptoCalls
$BTC
- Red💊
- Green💊
Lets see
ya to Btc current price se pump ho ky 70k ja skta
ya last Shakeout wick possible ha 61-63k zone then resume pump again
Better to trade with SL...and keep booking profit on your Targets....
Save some Cash For backup in case if BTC goes to 61-63k
Feel Free to Reach out us 👉TG@ItxAP117
For signals📶🚦
#BTC #btcupdate2024 #Marketupdate #btc70k #apCryptoCalls
$BTC
See original
#Jasmy in consolidation in the vicinity of 0.030 with a margin of oscillation of 10% to 15% up or down...
Following a simple analysis #JASMY is accumulating before skyrocketing towards 0.043 in a few weeks.
#JASMY #btc70k #TokenOnSpot
Following a simple analysis #JASMY is accumulating before skyrocketing towards 0.043 in a few weeks.
#JASMY #btc70k #TokenOnSpot
➡️$BTC is forming a bullish pennant on the 1-hour timeframe....
If an upside breakout occurs, the next target area could be up to $70k📈
#btcusdt #CryptoNewss #btc70k #BTC☀ #BTC☀️ $BTC $BTC
@BreakOut_Expert
If an upside breakout occurs, the next target area could be up to $70k📈
#btcusdt #CryptoNewss #btc70k #BTC☀ #BTC☀️ $BTC $BTC
@BreakOut_Expert
Master Protocol ; A One-Stop BTC-Fi Earning Platform ! Earn BTC Daily 🤑
Master Bot is a cutting-edge social media growth tool. Leveraging the TG Mini App, Master Bot integrates Tap/Quest/Refer-to-Earn features to drive exponential growth. It's designed to boost engagement and rewards for retail users in the Bitcoin ecosystem.
👉🏻 Earn BTC with Master Bot on TG💲: https://t.me/master_social_bot/mastersocialapp?startapp=W8OT7
🌎 About Master Protocol 🌎
The Master Protocol is a user and asset aggregator deeply integrated into the BTC ecosystem, unlocking liquidity and maximizing yields. We aim to achieve this through our Master Yield Platform and the development of both the Master Liquid Staking Solution.
🔍 Overview of Master Yield Market 🔍
🔶 Strategic Positioning : The Master Yield Market is designed to revolutionize the Bitcoin ecosystem by integrating a diverse array of yield-bearing assets. Our platform aims to be the cornerstone for Bitcoin yield trading, enhancing liquidity and optimizing capital efficiency in unprecedented ways.
🔶 Product Innovations : Our ambitious plan is to consolidate all yield-bearing assets within the Bitcoin ecosystem, packaging them as MSY and then segmenting them into MPT and MYT for seamless user trading. Users can engage with MPT and MYT directly through LSD, USDT, ETH, or WBTC, harnessing the full potential of these assets for significant yield generation.
🔶 Conclusion : Master Protocol is strategically positioned within the Bitcoin ecosystem, offering products that span the entire value chain. Our comprehensive LSDFi experience on Bitcoin, from LST protocol to the LSDFi platform, and future plans for Meme DEX and InsuranceFi, underscores our commitment to driving innovation and growth in the BTCFi space. By enhancing the liquidity and utilization of Bitcoin assets, we aim to contribute significantly to the Bitcoin financial landscape.
$BTC #BTC #bitcoin #btc70k #AirdropHunting #EarnFreeCrypto2024
👉🏻 Earn BTC with Master Bot on TG💲: https://t.me/master_social_bot/mastersocialapp?startapp=W8OT7
🌎 About Master Protocol 🌎
The Master Protocol is a user and asset aggregator deeply integrated into the BTC ecosystem, unlocking liquidity and maximizing yields. We aim to achieve this through our Master Yield Platform and the development of both the Master Liquid Staking Solution.
🔍 Overview of Master Yield Market 🔍
🔶 Strategic Positioning : The Master Yield Market is designed to revolutionize the Bitcoin ecosystem by integrating a diverse array of yield-bearing assets. Our platform aims to be the cornerstone for Bitcoin yield trading, enhancing liquidity and optimizing capital efficiency in unprecedented ways.
🔶 Product Innovations : Our ambitious plan is to consolidate all yield-bearing assets within the Bitcoin ecosystem, packaging them as MSY and then segmenting them into MPT and MYT for seamless user trading. Users can engage with MPT and MYT directly through LSD, USDT, ETH, or WBTC, harnessing the full potential of these assets for significant yield generation.
🔶 Conclusion : Master Protocol is strategically positioned within the Bitcoin ecosystem, offering products that span the entire value chain. Our comprehensive LSDFi experience on Bitcoin, from LST protocol to the LSDFi platform, and future plans for Meme DEX and InsuranceFi, underscores our commitment to driving innovation and growth in the BTCFi space. By enhancing the liquidity and utilization of Bitcoin assets, we aim to contribute significantly to the Bitcoin financial landscape.
$BTC #BTC #bitcoin #btc70k #AirdropHunting #EarnFreeCrypto2024
🚀Top Project From Recent Funding Round 💰 Nubit 🚀
🎉 Nubit has just secured $8.00M in its latest funding round! 🎉
🔹 About: Nubit is a layer 2 solution built on top of the Bitcoin blockchain. Its primary goal is to enhance Bitcoin’s scalability and data availability. Nubit acts as a data availability layer, allowing developers to build decentralized applications (dApps) that require efficient data storage and retrieval. By offloading data from the main Bitcoin chain, Nubit helps address scalability challenges, enabling faster and more cost-effective transactions. Leveraging Bitcoin’s security model, Nubit ensures robustness and trust. It remains closely tied to Bitcoin, ensuring compatibility and seamless interaction. Nubit finds applications in decentralized finance (DeFi), non-fungible tokens (NFTs), and more. The project thrives on community-driven development, with active contributors and supporters. Nubit represents an exciting endeavor to enhance Bitcoin’s capabilities while maintaining its security and decentralization. 🚀😊
🔹 Lead Investors: Polychain Capital, The Spartan Group, OKX Ventures, NGC Ventures and many more.
🔹 Total Raised: $11.00M.
🔹 Project Category: Bitcoin Scalability & DA Layer.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#btc70k #bitcoin #Binance #Layer2 #CZ $BTC
$STX
$ORDI
🔹 About: Nubit is a layer 2 solution built on top of the Bitcoin blockchain. Its primary goal is to enhance Bitcoin’s scalability and data availability. Nubit acts as a data availability layer, allowing developers to build decentralized applications (dApps) that require efficient data storage and retrieval. By offloading data from the main Bitcoin chain, Nubit helps address scalability challenges, enabling faster and more cost-effective transactions. Leveraging Bitcoin’s security model, Nubit ensures robustness and trust. It remains closely tied to Bitcoin, ensuring compatibility and seamless interaction. Nubit finds applications in decentralized finance (DeFi), non-fungible tokens (NFTs), and more. The project thrives on community-driven development, with active contributors and supporters. Nubit represents an exciting endeavor to enhance Bitcoin’s capabilities while maintaining its security and decentralization. 🚀😊
🔹 Lead Investors: Polychain Capital, The Spartan Group, OKX Ventures, NGC Ventures and many more.
🔹 Total Raised: $11.00M.
🔹 Project Category: Bitcoin Scalability & DA Layer.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#btc70k #bitcoin #Binance #Layer2 #CZ $BTC
$STX
$ORDI
BlackRock CEO Larry Fink says Bitcoin is the digital gold 💎.
He says he is a major believer in Bitcoin after studying it, and Bitcoin is the digital gold.
#btc70k
He says he is a major believer in Bitcoin after studying it, and Bitcoin is the digital gold.
#btc70k
5 Reasons Why Bitcoin Price Is Poised For A Rally Soon🔥
🚀 Is Bitcoin (BTC) gearing up for a major rally? Here are five compelling reasons why the future looks bright for the world's leading cryptocurrency:
1️⃣ **Miner Capitulation**: Recent data shows Bitcoin miners are facing significant pressure, historically signaling a market bottom. As weaker miners shut down operations, selling pressure decreases, potentially paving the way for a rebound.
2️⃣ **German Selloff Ends**: After a massive $3.5 billion selloff by the German government, Bitcoin has shown resilience around $58,000. With no further sell-offs expected, the absence of downward pressure could fuel upward momentum.
3️⃣ **Whale Accumulation**: Bitcoin whales have accumulated 71,000 BTC post-German selloff, draining supply and suggesting bullish sentiment among large holders.
4️⃣ **Global ETF Inflows**: Bitcoin ETFs globally are witnessing record inflows, with the US alone seeing over $1.1 billion in a week. Institutional interest is growing, potentially driving BTC price higher.
5️⃣ **Fed Rate Cut Probability**: Signals of a Fed rate cut could weaken the US dollar, boosting investor interest in alternative assets like Bitcoin.
With these factors aligning, could we be on the brink of another Bitcoin bull run? 📈 Stay tuned as the market dynamics unfold!
#BinanceTurns7 #btc70k #BTC☀ #bitcoin #btcusdt
🚀 Is Bitcoin (BTC) gearing up for a major rally? Here are five compelling reasons why the future looks bright for the world's leading cryptocurrency:
1️⃣ **Miner Capitulation**: Recent data shows Bitcoin miners are facing significant pressure, historically signaling a market bottom. As weaker miners shut down operations, selling pressure decreases, potentially paving the way for a rebound.
2️⃣ **German Selloff Ends**: After a massive $3.5 billion selloff by the German government, Bitcoin has shown resilience around $58,000. With no further sell-offs expected, the absence of downward pressure could fuel upward momentum.
3️⃣ **Whale Accumulation**: Bitcoin whales have accumulated 71,000 BTC post-German selloff, draining supply and suggesting bullish sentiment among large holders.
4️⃣ **Global ETF Inflows**: Bitcoin ETFs globally are witnessing record inflows, with the US alone seeing over $1.1 billion in a week. Institutional interest is growing, potentially driving BTC price higher.
5️⃣ **Fed Rate Cut Probability**: Signals of a Fed rate cut could weaken the US dollar, boosting investor interest in alternative assets like Bitcoin.
With these factors aligning, could we be on the brink of another Bitcoin bull run? 📈 Stay tuned as the market dynamics unfold!
#BinanceTurns7 #btc70k #BTC☀ #bitcoin #btcusdt
🚨🚨 BREAKING NEWS 👇
🇺🇸 Former President Donald #Trump shot at rally.
President Donald Trump's shooter identified as 20-year-old Thomas Matthew Crooks.
#Trump2024 #Binancefrance #btc70k
🇺🇸 Former President Donald #Trump shot at rally.
President Donald Trump's shooter identified as 20-year-old Thomas Matthew Crooks.
#Trump2024 #Binancefrance #btc70k
As of May 22, 2024, there has been a noticeable surge in market activity and volatility for Bitcoin (BTC). Because of a number of important reasons, the price of Bitcoin is now hovering around $69,000. The recent Bitcoin halving, which decreased the mining incentive from 6.25 to 3.125 BTC per block, is one significant factor. Because fewer new Bitcoins are available, price hikes have generally been associated with this reduction in supply.
In addition, there has been a notable decline in BTC deposits to exchanges and a large influx of BTC to accumulation addresses. This suggests that investors have a strong holding stance, which lessens the urge to sell and promotes price stability. Significant short liquidations of over $44 million over the last day have also fueled the price increase as short sellers are compelled to cover their places, raising the cost even more.
In addition to increasing demand, the spot Bitcoin ETFs' debut earlier this year has contributed to the long-term growth expectation for the cryptocurrency. Significant investor interest in these ETFs suggests that Bitcoin is becoming more widely accepted as a reliable investment option.
$BTC #BTC #btc70k
In addition, there has been a notable decline in BTC deposits to exchanges and a large influx of BTC to accumulation addresses. This suggests that investors have a strong holding stance, which lessens the urge to sell and promotes price stability. Significant short liquidations of over $44 million over the last day have also fueled the price increase as short sellers are compelled to cover their places, raising the cost even more.
In addition to increasing demand, the spot Bitcoin ETFs' debut earlier this year has contributed to the long-term growth expectation for the cryptocurrency. Significant investor interest in these ETFs suggests that Bitcoin is becoming more widely accepted as a reliable investment option.
$BTC #BTC #btc70k
