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Bitcoin's Price Undergoes Correction, Bull Market May Not Be Over
According to CryptoPotato, Bitcoin's price is currently undergoing a correction after failing to make a new all-time high. However, this does not necessarily indicate the end of the bull market. On the daily chart, the price failed to maintain above the $66K level, indicating a correction. Despite recently breaking above a large descending channel, the cryptocurrency has struggled to continue its upward trajectory, resulting in a false breakout. The Relative Strength Index (RSI) has also fallen below 50%, suggesting a bearish momentum. A decline towards the $60K support zone seems likely at this point.
The 4-hour chart presents a slightly more optimistic picture. The price has been consolidating within a horizontal channel. Although the market recently broke below this channel, it quickly rebounded back into it. If the price manages to climb back inside the channel, the market could potentially test the higher boundary of the pattern, located around the $72K mark. However, if the channel breaks down, a drop towards the $60K level could be imminent.
It's important to note that these analyses do not represent investment advice and individuals are advised to conduct their own research before making any investment decisions.
The 4-hour chart presents a slightly more optimistic picture. The price has been consolidating within a horizontal channel. Although the market recently broke below this channel, it quickly rebounded back into it. If the price manages to climb back inside the channel, the market could potentially test the higher boundary of the pattern, located around the $72K mark. However, if the channel breaks down, a drop towards the $60K level could be imminent.
It's important to note that these analyses do not represent investment advice and individuals are advised to conduct their own research before making any investment decisions.
Bitcoin(BTC) Drops Below 66,000 USDT with a Narrowed 0.41% Increase in 24 Hours
On Jun 15, 2024, 20:20 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 66,000 USDT and is now trading at 65,929.679688 USDT, with a narrowed narrowed 0.41% increase in 24 hours.
Bitcoin Mining Intensifies, Bitfarms Sees Stock Surge
According to Odaily, in its strategic report, 10x Research has identified Bitfarms as a major beneficiary of the ongoing consolidation in the Bitcoin mining industry. Since the report's release, Bitfarms' stock has soared by 25%. Other popular mining stocks, such as Bitdeer, have also performed well, with a 61% increase within two weeks.
However, 10x Research still advises investors to proceed with caution. Bitcoin has seen a slight decrease of 1% in these two weeks, failing to break through the resistance of $71,946. While stocks of crypto mining companies like Bitfarms may continue to rise, the preference is to invest under a potential bullish trend of Bitcoin, which is not the current situation. The self-reinforcing Bitcoin mechanism generated less liquidity in February and March.
Despite MicroStrategy's announcement of a proposed private issuance of $500 million in convertible preferred notes to purchase more Bitcoin, the market reaction has been relatively calm. This is in contrast to the fourth quarter of 2023 and the first quarter of 2024, when such news led to a significant increase in retail speculation and a rise in funding rates.
However, 10x Research still advises investors to proceed with caution. Bitcoin has seen a slight decrease of 1% in these two weeks, failing to break through the resistance of $71,946. While stocks of crypto mining companies like Bitfarms may continue to rise, the preference is to invest under a potential bullish trend of Bitcoin, which is not the current situation. The self-reinforcing Bitcoin mechanism generated less liquidity in February and March.
Despite MicroStrategy's announcement of a proposed private issuance of $500 million in convertible preferred notes to purchase more Bitcoin, the market reaction has been relatively calm. This is in contrast to the fourth quarter of 2023 and the first quarter of 2024, when such news led to a significant increase in retail speculation and a rise in funding rates.
Crypto Deposits Into Chinese Drug Precursor Manufacturers' Addresses Double
According to CryptoPotato, blockchain intelligence firm TRM Labs has reported a significant increase in cryptocurrency deposits into addresses linked to Chinese drug precursor manufacturers. The first four months of 2024 saw a more than twofold increase compared to the same period in 2023. In 2023, these networks received over $26 million in cryptocurrency, with 97% of the over 120 manufacturers studied offering payment options in digital currencies.
The overall amount of cryptocurrency deposited into wallets linked to these manufacturers increased by more than 600% from 2022 to 2023. Bitcoin remains the dominant cryptocurrency used for these transactions, accounting for approximately 60% of the total payment volume. The TRON blockchain saw about 30% of transactions, while Ethereum was used for roughly 6%. The report also highlighted that 11 manufacturers were responsible for over 70% of all crypto-denominated sales of drug precursors. These manufacturers receive funds from unhosted wallets, cryptocurrency exchanges, and payment services, with their wallets most commonly hosted at exchanges.
In addition to cryptocurrencies, Chinese manufacturers also accept fiat currencies through platforms like PayPal, MoneyGram, Western Union, and traditional bank transfers. The report revealed that Chinese drug precursor manufacturers mainly target countries including Canada, the Netherlands, Australia, Germany, and the United States. Advertisements have also been directed towards Russia and neighboring countries, particularly for mephedrone precursors.
A U.S. congressional committee recently reported that the root cause of the U.S. fentanyl crisis lies in the People’s Republic of China, which manufactures over 97% of the precursors used in the global illicit fentanyl trade. According to the report, China subsidizes the production of illicit fentanyl precursors, which has significantly contributed to the opioid crisis in the United States. The committee found that China provides value-added tax rebates to companies manufacturing fentanyl analogs and other synthetic narcotics, provided these products are sold outside China. Another September 2023 report by blockchain intelligence firm Elliptic also uncovered a network of 100 individual suppliers facilitating the illicit fentanyl trade. Elliptic noted that these suppliers use cryptocurrencies, particularly Bitcoin, Ethereum, Tron, and Monero, to conduct transactions and facilitate the transfer of funds from buyers to suppliers.
The overall amount of cryptocurrency deposited into wallets linked to these manufacturers increased by more than 600% from 2022 to 2023. Bitcoin remains the dominant cryptocurrency used for these transactions, accounting for approximately 60% of the total payment volume. The TRON blockchain saw about 30% of transactions, while Ethereum was used for roughly 6%. The report also highlighted that 11 manufacturers were responsible for over 70% of all crypto-denominated sales of drug precursors. These manufacturers receive funds from unhosted wallets, cryptocurrency exchanges, and payment services, with their wallets most commonly hosted at exchanges.
In addition to cryptocurrencies, Chinese manufacturers also accept fiat currencies through platforms like PayPal, MoneyGram, Western Union, and traditional bank transfers. The report revealed that Chinese drug precursor manufacturers mainly target countries including Canada, the Netherlands, Australia, Germany, and the United States. Advertisements have also been directed towards Russia and neighboring countries, particularly for mephedrone precursors.
A U.S. congressional committee recently reported that the root cause of the U.S. fentanyl crisis lies in the People’s Republic of China, which manufactures over 97% of the precursors used in the global illicit fentanyl trade. According to the report, China subsidizes the production of illicit fentanyl precursors, which has significantly contributed to the opioid crisis in the United States. The committee found that China provides value-added tax rebates to companies manufacturing fentanyl analogs and other synthetic narcotics, provided these products are sold outside China. Another September 2023 report by blockchain intelligence firm Elliptic also uncovered a network of 100 individual suppliers facilitating the illicit fentanyl trade. Elliptic noted that these suppliers use cryptocurrencies, particularly Bitcoin, Ethereum, Tron, and Monero, to conduct transactions and facilitate the transfer of funds from buyers to suppliers.
Is It Time to Dump Bitcoin Following Bitfinex Whales Sell-Off? Here’s What 6 BTC Indicators Suggest
Crypto market developments have raised concerns about the next Bitcoin direction. BTC has been dropping in price, and Bitfinex whales are reducing their long positions. This has left many investors wondering whether it’s time to exit the market or if there’s still room for growth. To shed light on this situation, Lookonchain analyzed six key indicators that offer insights into Bitcoin’s current market position and potential future movements. let’s look at their analysis.
Rainbow Chart: Still in the Buy Zone
The Rainbow Chart, a long-term valuation tool utilizing a logarithmic growth curve, suggests that now is an opportune time to purchase Bitcoin. This indicator provides a broader perspective on BTC’s price trajectory, indicating that despite recent fluctuations, the cryptocurrency hasn’t yet reached its peak valuation.
Relative Strength Index (RSI): Approaching Overbought Territory
The current RSI stands at 69.93, just shy of the overbought threshold of 70. While this suggests that Bitcoin is nearing overbought conditions, it hasn’t quite crossed that line. Historically, an RSI above 70 often signals a potential price correction, while below 30 indicates oversold conditions that may precede an upturn.
200 Week Moving Average Heatmap: Hold and Buy
According to the 200 Week Moving Average Heatmap, Bitcoin’s current price point is in the blue zone. This indicates that the market hasn’t reached its peak, suggesting it may still be a good time to hold existing positions or consider new purchases.
Cumulative Value Coin Days Destroyed (CVDD): Top Not Yet Reached
The CVDD indicator, which helps identify undervalued conditions when Bitcoin’s price touches the green line, currently suggests that BTC hasn’t hit its top. This aligns with the notion that there might still be room for growth in the current market cycle.
Read Also: Notcoin Analysts Predict Continued Bullish Rally for NOT Following Key Breakout, Share Price Targets
2-Year MA Multiplier: Middle Ground
This indicator places Bitcoin’s price between the red and green lines, suggesting we’re in a middle ground. The fact that it hasn’t touched the red line implies that the market top hasn’t been reached, potentially leaving room for further upward movement.
Kumo Cloud and Potential Death Cross
Titan of Crypto (@Washigorira) points out that Bitcoin is currently trading in a support zone, with $66,100 being a crucial level to watch. If this level breaks, the Kumo cloud could serve as the next support. The analyst also notes a potential bounce based on the RSI and price action but cautions about a forming death cross, which could signal a bearish trend if it materializes.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
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While the recent sell-off by Bitfinex whales and the price drop have caused concern, the majority of these indicators suggest that Bitcoin may not have reached its peak for this cycle.
Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Is It Time to Dump Bitcoin Following Bitfinex Whales Sell-Off? Here’s What 6 BTC Indicators Suggest appeared first on CaptainAltcoin.
Rainbow Chart: Still in the Buy Zone
The Rainbow Chart, a long-term valuation tool utilizing a logarithmic growth curve, suggests that now is an opportune time to purchase Bitcoin. This indicator provides a broader perspective on BTC’s price trajectory, indicating that despite recent fluctuations, the cryptocurrency hasn’t yet reached its peak valuation.
Relative Strength Index (RSI): Approaching Overbought Territory
The current RSI stands at 69.93, just shy of the overbought threshold of 70. While this suggests that Bitcoin is nearing overbought conditions, it hasn’t quite crossed that line. Historically, an RSI above 70 often signals a potential price correction, while below 30 indicates oversold conditions that may precede an upturn.
200 Week Moving Average Heatmap: Hold and Buy
According to the 200 Week Moving Average Heatmap, Bitcoin’s current price point is in the blue zone. This indicates that the market hasn’t reached its peak, suggesting it may still be a good time to hold existing positions or consider new purchases.
Cumulative Value Coin Days Destroyed (CVDD): Top Not Yet Reached
The CVDD indicator, which helps identify undervalued conditions when Bitcoin’s price touches the green line, currently suggests that BTC hasn’t hit its top. This aligns with the notion that there might still be room for growth in the current market cycle.
Read Also: Notcoin Analysts Predict Continued Bullish Rally for NOT Following Key Breakout, Share Price Targets
2-Year MA Multiplier: Middle Ground
This indicator places Bitcoin’s price between the red and green lines, suggesting we’re in a middle ground. The fact that it hasn’t touched the red line implies that the market top hasn’t been reached, potentially leaving room for further upward movement.
Kumo Cloud and Potential Death Cross
Titan of Crypto (@Washigorira) points out that Bitcoin is currently trading in a support zone, with $66,100 being a crucial level to watch. If this level breaks, the Kumo cloud could serve as the next support. The analyst also notes a potential bounce based on the RSI and price action but cautions about a forming death cross, which could signal a bearish trend if it materializes.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less –
While the recent sell-off by Bitfinex whales and the price drop have caused concern, the majority of these indicators suggest that Bitcoin may not have reached its peak for this cycle.
Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Is It Time to Dump Bitcoin Following Bitfinex Whales Sell-Off? Here’s What 6 BTC Indicators Suggest appeared first on CaptainAltcoin.
Bitwise CEO Advocates For Broadening Bitcoin's Investment Scope Beyond 'Digital Gold'
According to BlockBeats, Bitwise CEO Hunter Horsley expressed on June 15th that the term 'digital gold' is limiting the scope of Bitcoin as an investment asset. Horsley stated that while the image of 'digital gold' has been beneficial for Bitcoin, it possesses many qualities superior to gold, and it is now time to 'break free' from this concept.
Horsley's comments suggest a need for a broader understanding and acceptance of Bitcoin's potential beyond its comparison to traditional gold. He believes that Bitcoin's unique characteristics and advantages over gold should be recognized and leveraged in the investment world.
This perspective encourages investors to view Bitcoin not just as a digital equivalent of gold, but as a standalone asset with its own unique benefits and potential for returns. Horsley's call for a shift in perception could potentially influence how Bitcoin is viewed and utilized in the investment landscape.
Horsley's comments suggest a need for a broader understanding and acceptance of Bitcoin's potential beyond its comparison to traditional gold. He believes that Bitcoin's unique characteristics and advantages over gold should be recognized and leveraged in the investment world.
This perspective encourages investors to view Bitcoin not just as a digital equivalent of gold, but as a standalone asset with its own unique benefits and potential for returns. Horsley's call for a shift in perception could potentially influence how Bitcoin is viewed and utilized in the investment landscape.
Bitcoin May Not Rise Above $67,000, Here’s Where the BTC Price Is Heading to This Month
The post Bitcoin May Not Rise Above $67,000, Here’s Where the BTC Price is Heading to This Month appeared first on Coinpedia Fintech News
Bitcoin bears seem to have executed their trade finely, as the price again failed to surpass the key resistance at $71,500. As a result, the price dropped by more than 7% and is expected to continue to do so as it occurred during the previous rallies. Therefore, the price could now drop by another 7% to 10% and hit the bottom at the same levels, displaying an imperishable behaviour at the resistance.
Being divergent after the fallout in April, the BTC price has begun its recovery within an ascending parallel channel. The traders appeared to be confident regardless of the bearish pressures until the levels remained within the pattern. Unfortunately, the selling pressure, which has outpowered bullish activities in the past few days, has caused the price to drop below the channel, circulating bearish waves within the markets.
Therefore, now that the price has failed to rise above the key resistance, is it time for the Bitcoin price to test the key support at $60,000? Are the bulls unsure of the next price action?
The daily chart suggests the price has broken down the rising channel but also carries the possibility of a bullish reversal. As it occurred in the first few days of May, the BTC price may be assumed to undergo a bullish divergence. However, the descending trend may continue as the bears have already attempted to drag the levels below the local support at $65,000. Moreover, the technicals do not appear to be in favour of the crypto at the moment.
The RSI had turned bearish after the rejection at $71,500 and continues to head towards the south. The bull’s strength does not appear to outpower the bears, as they hold enough dominance, as suggested by the bull-bear power. Lastly, the buying volume remains within a restricted range, due to which the selling population appears to have a large count. Hence, these suggest the Bitcoin (BTC) price may not display a fake breakdown, but may fail to sustain itself after holding for a while.
Collectively, bearish clouds are hovering over the BTC price rally, which may bring the levels back towards the same range of around $60,000 shortly.
Bitcoin bears seem to have executed their trade finely, as the price again failed to surpass the key resistance at $71,500. As a result, the price dropped by more than 7% and is expected to continue to do so as it occurred during the previous rallies. Therefore, the price could now drop by another 7% to 10% and hit the bottom at the same levels, displaying an imperishable behaviour at the resistance.
Being divergent after the fallout in April, the BTC price has begun its recovery within an ascending parallel channel. The traders appeared to be confident regardless of the bearish pressures until the levels remained within the pattern. Unfortunately, the selling pressure, which has outpowered bullish activities in the past few days, has caused the price to drop below the channel, circulating bearish waves within the markets.
Therefore, now that the price has failed to rise above the key resistance, is it time for the Bitcoin price to test the key support at $60,000? Are the bulls unsure of the next price action?
The daily chart suggests the price has broken down the rising channel but also carries the possibility of a bullish reversal. As it occurred in the first few days of May, the BTC price may be assumed to undergo a bullish divergence. However, the descending trend may continue as the bears have already attempted to drag the levels below the local support at $65,000. Moreover, the technicals do not appear to be in favour of the crypto at the moment.
The RSI had turned bearish after the rejection at $71,500 and continues to head towards the south. The bull’s strength does not appear to outpower the bears, as they hold enough dominance, as suggested by the bull-bear power. Lastly, the buying volume remains within a restricted range, due to which the selling population appears to have a large count. Hence, these suggest the Bitcoin (BTC) price may not display a fake breakdown, but may fail to sustain itself after holding for a while.
Collectively, bearish clouds are hovering over the BTC price rally, which may bring the levels back towards the same range of around $60,000 shortly.
Micheal saylor at $BTC Prague said that when Bitcoin hits $950,000, many will wait for it to drop to $700,000 before buying. By then, it could skyrocket to $8,000,000. And also he just bought $800million worth of #Bitcoin more.
And you think its all over, 😅 #dyor
#ZeusInCrypto
And you think its all over, 😅 #dyor
#ZeusInCrypto
Best Bet Altcoins to Stack Now For 5x-10x Profits in Q3-2024
The post Best Bet Altcoins To Stack Now For 5x-10x Profits in Q3-2024 appeared first on Coinpedia Fintech News
With the ongoing correction phase in the broader market, bullish traders are on the lookout for new bets in the altcoins sector. As the mainstream altcoins take a hit with the Bitcoin prices crumbling under $70K, the bearish clouds are growing darker over the market.
However, some hidden gems are making waves in the low-cap sector, which has seen massive gains in recent days. With massive engulfing candles teasing a range of bullish expectations, these altcoins come as the best bet altcoins for 5x-10x profits in the next quarter.
Farcana (FAR)
Farcana is a free-to-play, 3rd-person arena shooter built on Unreal Engine 5 with a Web3 economy. Set on Mars in 2073, players fight in 4v4 arena combat for Bitcoin rewards, competing for control over the powerful energy source Infilium.
Tradingview
With a bullish reversal to break above the resistance trendline, the 45% jump within the last 48 hours reveals a massive surge in demand. The bull run approaches the 50D EMA and another long-standing resistance trendline.
A bullish breakout could result in a massive uptrend in the FAR token. Further, an improvement in the gaming sector can provide an additional boost to its market price. Hence, the FAR token shows more than 5x potential in the third quarter of 2024.
Arcblock (ABT)
ArcBlock is a comprehensive platform for building and deploying decentralized blockchain applications. Utilizing the ABT ERC-20 token simplifies the creation and management of decentralized apps, marking a significant advancement in blockchain technology.
Tradingview
A retracement in the ABT token tests the 50% Fibonacci level and the 200D EMA. However, the bullish revival at the strong confluence of support reveals massive underlying demand at lower levels.
With a bullish engulfing candle, the ABT price is up by 14% today and teases a break above the 38.20% level. As the bull run continues after an 81% jump in May, the uptrend in Arcblockk can give 10x returns in the third quarter if the altcoin season arrives.
BEFE (BEFE)
With a mission to bring back the golden days of meme coins, the BEFE token aims for that era with no presale and zero taxes. Thus, the meme coin truly makes itself completely for the people. As the meme coins are rising to the crypto leaderboard, BEFE shows massive underlying potential.
Tradingview
With a massive jump of 141% in 8 hours, the BEFE token undermines the previous correction phase. Further, the rise in trading volume during the broader market correction improves the uptrend chances in the upcoming quarter.
Hence, the meme coin could give 5x-10x returns in the coming quarter or even in the coming days if the momentum is sustained.
With the ongoing correction phase in the broader market, bullish traders are on the lookout for new bets in the altcoins sector. As the mainstream altcoins take a hit with the Bitcoin prices crumbling under $70K, the bearish clouds are growing darker over the market.
However, some hidden gems are making waves in the low-cap sector, which has seen massive gains in recent days. With massive engulfing candles teasing a range of bullish expectations, these altcoins come as the best bet altcoins for 5x-10x profits in the next quarter.
Farcana (FAR)
Farcana is a free-to-play, 3rd-person arena shooter built on Unreal Engine 5 with a Web3 economy. Set on Mars in 2073, players fight in 4v4 arena combat for Bitcoin rewards, competing for control over the powerful energy source Infilium.
Tradingview
With a bullish reversal to break above the resistance trendline, the 45% jump within the last 48 hours reveals a massive surge in demand. The bull run approaches the 50D EMA and another long-standing resistance trendline.
A bullish breakout could result in a massive uptrend in the FAR token. Further, an improvement in the gaming sector can provide an additional boost to its market price. Hence, the FAR token shows more than 5x potential in the third quarter of 2024.
Arcblock (ABT)
ArcBlock is a comprehensive platform for building and deploying decentralized blockchain applications. Utilizing the ABT ERC-20 token simplifies the creation and management of decentralized apps, marking a significant advancement in blockchain technology.
Tradingview
A retracement in the ABT token tests the 50% Fibonacci level and the 200D EMA. However, the bullish revival at the strong confluence of support reveals massive underlying demand at lower levels.
With a bullish engulfing candle, the ABT price is up by 14% today and teases a break above the 38.20% level. As the bull run continues after an 81% jump in May, the uptrend in Arcblockk can give 10x returns in the third quarter if the altcoin season arrives.
BEFE (BEFE)
With a mission to bring back the golden days of meme coins, the BEFE token aims for that era with no presale and zero taxes. Thus, the meme coin truly makes itself completely for the people. As the meme coins are rising to the crypto leaderboard, BEFE shows massive underlying potential.
Tradingview
With a massive jump of 141% in 8 hours, the BEFE token undermines the previous correction phase. Further, the rise in trading volume during the broader market correction improves the uptrend chances in the upcoming quarter.
Hence, the meme coin could give 5x-10x returns in the coming quarter or even in the coming days if the momentum is sustained.
See original
This market can give back in 1 week what it gained in 3 months and in 1 day what it lost in 6 months. We have experienced these processes since 2018. We have passed the buying and selling periods. Now make the baskets and start waiting. While#Bitcoindominance is at 55%, goods cannot be sold at a loss!#BTCD. BULLISH won't end until it drops to 40% from this region! A BULL is coming, where rockets fly in the air and money flows freely! Don't be afraid, gather your goods and wait…😉
Kiyosaki: “I hear too many excuses not to buy Bitcoin”
Robert Kiyosaki, author of the book Rich Dad Poor Dad, stated that he encountered too many excuses when encouraging people to buy Bitcoin. The author made important suggestions.
Robert Kiyosaki, who frequently recommends Bitcoin, gold and silver, attracted great attention with his post on X. Addressing investors, Kiyosaki commented, "Don't be one of the losers."
Kiyosaki reiterates Bitcoin recommendation
Kiyosaki stated that he encountered too many excuses while giving Bitcoin advice and that he was disappointed by these excuses.
The famous author stated that the most common excuse of investors is "#Bitcoin is too expensive." According to Kiyosaki, although BTC is at a high level, it is not as high as its destination. “I'm just repeating my rich dad's lesson about investing,” the author commented.
Kiyosaki said that everyone dreams of buying #BTC at $ 10, but those days are behind us. The author recommends not to look at the price and says, “Your profit is made when you buy, not when you sell.” said.
Kiyosaki, who previously gave buying advice on Bitcoin, gold and silver, repeated his opinion. The famous name stated that investors should purchase #BTC as much as their budget.
Bitcoin analyst Willy Woo commented on Kiyosaki's post. Woo stated that BTC's run will end when everyone invests, and only 4.7 percent of people have invested yet.
Woo stated that people should continue buying #BTC until everyone invests. According to the Bitcoin analyst, this behavior is just one of the strategies of venture capitalists.
$BTC $ETH $BNB
Robert Kiyosaki, author of the book Rich Dad Poor Dad, stated that he encountered too many excuses when encouraging people to buy Bitcoin. The author made important suggestions.
Robert Kiyosaki, who frequently recommends Bitcoin, gold and silver, attracted great attention with his post on X. Addressing investors, Kiyosaki commented, "Don't be one of the losers."
Kiyosaki reiterates Bitcoin recommendation
Kiyosaki stated that he encountered too many excuses while giving Bitcoin advice and that he was disappointed by these excuses.
The famous author stated that the most common excuse of investors is "#Bitcoin is too expensive." According to Kiyosaki, although BTC is at a high level, it is not as high as its destination. “I'm just repeating my rich dad's lesson about investing,” the author commented.
Kiyosaki said that everyone dreams of buying #BTC at $ 10, but those days are behind us. The author recommends not to look at the price and says, “Your profit is made when you buy, not when you sell.” said.
Kiyosaki, who previously gave buying advice on Bitcoin, gold and silver, repeated his opinion. The famous name stated that investors should purchase #BTC as much as their budget.
Bitcoin analyst Willy Woo commented on Kiyosaki's post. Woo stated that BTC's run will end when everyone invests, and only 4.7 percent of people have invested yet.
Woo stated that people should continue buying #BTC until everyone invests. According to the Bitcoin analyst, this behavior is just one of the strategies of venture capitalists.
$BTC $ETH $BNB
See original
I will leave two trends, one major and one minor, for #bitcoin. The market has continued to rise above the major trend and fall below it. 65120 and 64450 levels are the support levels of these two trends. If we continue to stay above these levels, the trend will continue. The market may continue to be annoying when it closes below. We may experience bear trap breakdowns, like the last bull trap we experienced. I still continue to watch the market direction bearishly.
$BTC 🔥🔝Hyper bullish statement🔝🔥
by Donald Trump
🇺🇸 Donald Trump🇺🇸
says he will:
"end Joe Biden's war on crypto, and ensure that the future of crypto and the future of #Bitcoin will be made in America."
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
The crypto industry salutes you 🤗🫡
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
#MakeBTCgreatagain #whalesBuying #Ethereum #altcoins
$ETH $SOL
by Donald Trump
🇺🇸 Donald Trump🇺🇸
says he will:
"end Joe Biden's war on crypto, and ensure that the future of crypto and the future of #Bitcoin will be made in America."
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
The crypto industry salutes you 🤗🫡
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
#MakeBTCgreatagain #whalesBuying #Ethereum #altcoins
$ETH $SOL
Bitcoin Drops Below 66,000 USDT Mark
According to Odaily, the latest market data shows a decrease in the value of Bitcoin (BTC). The cryptocurrency has fallen below the 66,000 USDT mark, currently standing at 65,532.7 USDT. This represents a 24-hour drop of 1.49%. The fluctuation in Bitcoin's value is a common occurrence in the volatile cryptocurrency market. Investors and traders are advised to keep a close eye on market trends and make informed decisions based on the latest data.
🚨 Market Update 🚨 $BTC is Struggling to Maintain Momentum / Read Well To Know What is Next!!!
Guys shared with you below the #BTC chart which shows how the price Broke the Critical Support and we can see that as both positive and negative impact on BTC price along with the whole market. Now let me explain the scenario that should happen next and how we expect the market to react in the coming week.
✨ BTC Price Action ✨
Well #Bitcoin has been consolidating above $60k for 108 days now, which means sooner than later we will have a very big pump which will be sudden and fast (This is the Positive Future Impact).
The current price sits around 66K as BTC broke a major Support and is expected to drop more as we get closer to Monday, until the BTC SPOT ETF market opens then we could see a price recovery to start.
🌿 Altcoins 🌿
Most Altcoins are down as most of the Memecoins / Gaming / AI / Layers 1 & 2 are now still at a major loss. As you should expect them to stay Red until Monday evening.
🔥 Daily Best Performer is #BAKE as it Increased 19%
🔥 Daily Worst Performer is RIF as it decreased 13%
🪙 BEST 3 COINS TO BUY 🪙
🥇$NOT
Running at $0.02 #NOT could easily increase above $0.035 in next month.
🥈 $JASMY
Only priced $0.0338 it's crazy if you don't buy at this price as it can easily hit $0.045 next month.
🥉#SOLANA
Only priced $143 SOL price could be the best catch for now as it can easily hit $200 soon when the market recovers.
💥 Futures Trading 💥
Start opening your buying positions Early MONDAY with a near stop loss and increase you Stop loss as you move up with your trade. Don't Trade Tomorrow!!!
⚠️ Don't forget to follow and like for MORE Exclusive Content🥂
Guys shared with you below the #BTC chart which shows how the price Broke the Critical Support and we can see that as both positive and negative impact on BTC price along with the whole market. Now let me explain the scenario that should happen next and how we expect the market to react in the coming week.
✨ BTC Price Action ✨
Well #Bitcoin has been consolidating above $60k for 108 days now, which means sooner than later we will have a very big pump which will be sudden and fast (This is the Positive Future Impact).
The current price sits around 66K as BTC broke a major Support and is expected to drop more as we get closer to Monday, until the BTC SPOT ETF market opens then we could see a price recovery to start.
🌿 Altcoins 🌿
Most Altcoins are down as most of the Memecoins / Gaming / AI / Layers 1 & 2 are now still at a major loss. As you should expect them to stay Red until Monday evening.
🔥 Daily Best Performer is #BAKE as it Increased 19%
🔥 Daily Worst Performer is RIF as it decreased 13%
🪙 BEST 3 COINS TO BUY 🪙
🥇$NOT
Running at $0.02 #NOT could easily increase above $0.035 in next month.
🥈 $JASMY
Only priced $0.0338 it's crazy if you don't buy at this price as it can easily hit $0.045 next month.
🥉#SOLANA
Only priced $143 SOL price could be the best catch for now as it can easily hit $200 soon when the market recovers.
💥 Futures Trading 💥
Start opening your buying positions Early MONDAY with a near stop loss and increase you Stop loss as you move up with your trade. Don't Trade Tomorrow!!!
⚠️ Don't forget to follow and like for MORE Exclusive Content🥂
BTC Holders Are Massively Withdrawing Their Holdings From Exchanges to Diversify With These 5 Alt...
Major shifts are happening in the cryptocurrency market as the bull run of 2024 gains momentum. Bitcoin investors are moving their assets off exchanges, signaling a strategic change in their approach. Attention is turning to five specific altcoins that are generating significant interest. This development points to broader trends and emerging opportunities that could reshape investment strategies.
CYBRO Presale: A One-in-a-Million Investment Opportunity
CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.
Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.
>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<
MATIC Prices Falter, Struggle Against Resistance Levels, Devalue Significantly
Market sentiment around Polygon remains bearish. The coin’s inability to break resistance levels indicates weak momentum. Continuous price drops over different time frames suggest poor investor confidence. This negativity can further affect MATIC, making it harder for the coin’s price to rebound. As Polygon focuses on scaling solutions and interoperability, prevailing sentiment could hinder broader adoption and investment, impacting its innovative efforts and long-term growth.
Starknet Shows Mixed Signals Amid Recent Volatile Trends
Starknet displays a mix of bullish and bearish signals. The price has dropped sharply in the past week and month, indicating short-term selling pressure. However, strong long-term gains hint at sustained interest. Technical indicators are varied, reflecting a cautious market stance. If interest continues and short-term selling cools, we could see a rebound towards resistance levels.
Celestia (TIA) Faces Bearish Sentiments Amid Recent Downturns
Current trends show a struggle for Celestia as it remains below key resistance points. Support levels are also being tested, hinting at continued downward pressure. Various indicators reflect weak performance and potential further decline. While some believe in fundamental strengths, many investors are cautious, leading to limited optimism. This bearish sentiment could impact Celestia’s adoption and market confidence, posing challenges for future growth and stability.
GMT Faces a Mixed Market Sentiment Amid Speculative Movements
Market sentiment for GMT is mixed. The price has seen a decline in recent weeks, with resistance levels suggesting cautious optimism. The current trading range indicates consolidation. With indicators showing overbought conditions, the immediate support levels might cushion further declines. Given GMT’s role in blockchain gaming, any positive sentiment could spark renewed interest. However, recent negative price changes highlight investor uncertainty.
Conclusion
MATIC, STRK, TIA, and GMT are being considered for diversification. But these coins have less potential in the short term. The main emphasis is on CYBRO, a unique earn marketplace using the Blast blockchain’s native yield feature. With its first release expected in Q2 2024, CYBRO presents a lucrative opportunity. Early investors can benefit by joining the CYBRO token presale.
Site: https://cybro.io
Twitter: https://twitter.com/Cybro_io
Discord: https://discord.gg/xFMGDQPhrB
Telegram: https://t.me/cybro_io
The post BTC Holders Are Massively Withdrawing Their Holdings from Exchanges to Diversify with These 5 Altcoins appeared first on Crypto News Land.
CYBRO Presale: A One-in-a-Million Investment Opportunity
CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.025 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest.
Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.
With only 21% of the total tokens available for this presale and approximately 25 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.
>>> Enhance Your Crypto Portfolio with CYBRO! Join NOW and aim for future returns up to 1200%! <<<
MATIC Prices Falter, Struggle Against Resistance Levels, Devalue Significantly
Market sentiment around Polygon remains bearish. The coin’s inability to break resistance levels indicates weak momentum. Continuous price drops over different time frames suggest poor investor confidence. This negativity can further affect MATIC, making it harder for the coin’s price to rebound. As Polygon focuses on scaling solutions and interoperability, prevailing sentiment could hinder broader adoption and investment, impacting its innovative efforts and long-term growth.
Starknet Shows Mixed Signals Amid Recent Volatile Trends
Starknet displays a mix of bullish and bearish signals. The price has dropped sharply in the past week and month, indicating short-term selling pressure. However, strong long-term gains hint at sustained interest. Technical indicators are varied, reflecting a cautious market stance. If interest continues and short-term selling cools, we could see a rebound towards resistance levels.
Celestia (TIA) Faces Bearish Sentiments Amid Recent Downturns
Current trends show a struggle for Celestia as it remains below key resistance points. Support levels are also being tested, hinting at continued downward pressure. Various indicators reflect weak performance and potential further decline. While some believe in fundamental strengths, many investors are cautious, leading to limited optimism. This bearish sentiment could impact Celestia’s adoption and market confidence, posing challenges for future growth and stability.
GMT Faces a Mixed Market Sentiment Amid Speculative Movements
Market sentiment for GMT is mixed. The price has seen a decline in recent weeks, with resistance levels suggesting cautious optimism. The current trading range indicates consolidation. With indicators showing overbought conditions, the immediate support levels might cushion further declines. Given GMT’s role in blockchain gaming, any positive sentiment could spark renewed interest. However, recent negative price changes highlight investor uncertainty.
Conclusion
MATIC, STRK, TIA, and GMT are being considered for diversification. But these coins have less potential in the short term. The main emphasis is on CYBRO, a unique earn marketplace using the Blast blockchain’s native yield feature. With its first release expected in Q2 2024, CYBRO presents a lucrative opportunity. Early investors can benefit by joining the CYBRO token presale.
Site: https://cybro.io
Twitter: https://twitter.com/Cybro_io
Discord: https://discord.gg/xFMGDQPhrB
Telegram: https://t.me/cybro_io
The post BTC Holders Are Massively Withdrawing Their Holdings from Exchanges to Diversify with These 5 Altcoins appeared first on Crypto News Land.
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$BTC There are about 2.5 hours until the closing candle of the day and #Bitcoin is making a nice recovery. If it closes at or slightly above the level I showed with the red line on the chart, that is, above 67200, it would be great and the rise tomorrow could make you all happy. But look, you saw how important closing levels are. Don't rush, wait patiently, don't be greedy or panic, money isn't going anywhere, it's running towards you.
