BlackRock saves the market Despite yesterday’s dump, the fin | Valentin Criptan on Binance Square

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Valentin Criptan

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Bullish

BlackRock saves the marketDespite yesterday’s dump, the fingigant purchased another 13k #BTC  The guys don't stop and buy everything back.
Now they have 184k #BTC worth $12 billion in their accounts, and there is very little left before MicroStrategy, which has been saving up its 193k #BTC for 4 years.

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Valentin Criptan

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WHAT'S NEXT FOR #Bitcoin❗ #BTC AS A STRATEGIC RESERVE? During the election campaign, both sides mentioned cryptocurrency, but Donald Trump focused on it more. One of his key proposals is creating a strategic currency reserve in Bitcoin, which has excited investors hoping for a strong foundation for a long-term bull market. Last week, the White House hosted a cryptocurrency congress, where officials confirmed plans for an initial reserve of $200,000. While this sounds positive at first, the details are less promising. The reserve will come from confiscated Bitcoin linked to criminal activity, not new purchases. This means it will not create new demand in the market, at least under the current plan. However, in the long run, this move could still be beneficial. By holding Bitcoin, the U.S. government will have a vested interest in ensuring its value does not drop significantly. RECESSION FEARS WEIGH ON CRYPTO #Bitcoin❗ and the broader crypto market, despite their deflationary appeal, are moving in sync with stocks—only with larger swings. In the coming weeks, investors will closely watch U.S. economic data. If GDP signals a rising recession risk, further declines may follow. KEY SUPPORT LIES AHEAD FOR BITCOIN Bitcoin's correction has formed local peaks just below $80,000. From a technical perspective, key support is around $75,000, and a break below this level would signal weakness in demand. Despite the sharp declines, they still appear to be part of a broader correction. If #Bitcoin❗ breaks below $75K, the next support level would be under $50K, though this remains a highly pessimistic scenario. A move above $94K could signal a return to the uptrend. 💰🚀

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Last week #Bitcoin❗ #BTC in and the whole crypto market dumped like crazy, but on Sunday at the start of March, the crypto market was resurrected from the abyss! After Trump's post, the crypto market pumped in a very short period of time. But let's take a look at the technicals. The price dropped below the rectangular range but then pumped back into the range. What does it tell us? Usually, what we want to see is a breakdown of the range, retest, and continuation to the downside. In this case, the price failed to retest the range and instead went back to the range, which is a sign of strength. Currently, we want to look for a good price to buy BTC for the final stage of the bull cycle. I expect this bullish cycle to end in Q3 2025, around September. The price of Bitcoin is inside this huge ascending parallel channel on the daily chart, and as long as this channel holds, we have to be bullish. Let's take a look also at the weekly timeframe. What we can see here is a bullish hammer with an extremely long wick (reversal candle). The price also got rejected from the 20-weekly moving average. As I said in the article - "Currently, we want to look for a good price to buy BTC for the final stage of the bull cycle." The price dropped to 83,000 USDT, which is a great price to buy! I recommend buying right now and preparing for the 2025 bull market. $BTC

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Bitcoin #BTC☀ is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is standard. We can definitely expect a crash from 130k to 60k in the next bearish cycle to retest the current bullish flag (that you can see on the chart). That's why it's very important for you to take profit and potentially enter a long-term short position on futures! Why is 130K important? First we have the 0.618 fibonacci extension measured from wave 1+3 -> wave 4. Also, we have the long-term trendline of this bullish cycle, which is even stronger dynamic resistance level! From the Elliott Wave perspective, we need to complete this impulse wave and make the last wave 5! This wave 5 already started at 49k in August. On the chart, we can see 2 major consolidation periods marked as wave 2 and wave 4. The best plan on Bitcoin #BTC☀ is to buy it and sell around 130k, then enter a short position on futures to make money in the next bearish cycle. You will also get funding fees for holding your short position!💵🚀💥

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Hello my dear friends, another weekly session is over and new data becomes available. Let's review those in an unbiased way and see what the chart is saying. ➖ The 2-Sept. week #bitcoin☀️ just closed at 54,869. This is after being rejected by EMA34. ➖ It is the first time that Bitcoin closes below EMA34 in more than a year. ➖ It is the worst weekly close since Bitcoin moved above 60,000 in February. ➖ It is the worst weekly close, coming out of a major high, since November 2021. ➖ The weekly session also closed below the 0.382 Fib. retracement level relative to the bullish wave that started in September 2023; a major support lost. ➢ Everything is ultra-bearish. ➖ The weekly session that just closed also ended as a Doji but red. Signaling the continuation of the previous candle. The previous candle was a full red candle. ➢ Everything is so bearish that we need not go any further. I would love to entertain you more but it would be a waste of time. All the signals coming from this chart are saying that Bitcoin is about to crash.💵💰💥

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