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Bitcoin Short Term movement Idea 🎯 ✅ Open Interest lower than 2022 ✅ Funding Rate back at 2022 lows ✅ Premium Negative If this time is not different, then BTC should be retesting range High around 70K. Next week be careful FOMC and Big Tech earnings. APPLE, AMAZON! Next will the lord of Volatility returns! Rekt all retail traders! Bros Need Support. Please Follow me and like, comment and share this post ❤️ #Megadrop #BinanceLaunchpool #rayhanbros

Bitcoin Short Term movement Idea 🎯

✅ Open Interest lower than 2022

✅ Funding Rate back at 2022 lows

✅ Premium Negative

If this time is not different, then BTC should be retesting range High around 70K. Next week be careful FOMC and Big Tech earnings. APPLE, AMAZON!

Next will the lord of Volatility returns! Rekt all retail traders!

Bros Need Support. Please Follow me and like, comment and share this post ❤️

#Megadrop #BinanceLaunchpool #rayhanbros

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‼️ Market Update ‼️ After a weekend of choppy Bitcoin price action we are finally seeing some volume return to the market. BTC has broken to the upside from the weekend range, and currently sits 2% above the Weekly Open ($61.5k area.) Pay close attention to the orange trendline running from the Apri Previous Month High... we have not had any confirmed 4 hour breakout of this downtrend yet, so the current 4 hour candle will be very important in confirming a breakout or just another Lower High. Letting the Monday Range develop for now... a big week ahead with more events to bring volatility.
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And yes that's a few from us who still don't utilise opportunity. Get things clear and understand the potential of owning a Bitcoin, still it's not too late! #notcoin #ETHETFS #altcoins
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BTC will comeback from here ⌛ ❓ what do you think? #BinanceLaunchpool #ETHETFS
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UPDATE - lots of questions regarding our "Wyckoff Distribution" Thread Boring PA right now - where are we headed? Let's take a look, answer 5 important questions and see our 2024 price prediction: 1) Where is the bottom? It's all a matter of semantics - the distribution refers to a potential local bottom. We have previously identified two possible supports: 56k and 52k. The first one has been hit (Spring). The second one is still not off the table as long as the "point of control" (67k - see attached post) at 67k remains resistance and is not broken. 2) Wyckoff Distribution? back to the semantics question: If we do not see a worsening of the newsflow (e.g. escalation of the war or some other macroeconomic stuff), the current pattern can be interpreted as a wyckoff distribution ending at e.g. 56 or 52k - or a Wyckoff reaccumulation (see chart) 3) What about timing - when will we go up again? "Sell in May and go away, but remember to come back in September!" This old stock market mantra may show us the way. Although halving lies in the past, we could continue the "boring" market phase for another 2 or 3 months - with renewed buying interest after the summer break (August / September) 4) What is your price prediction? Hard to say - however, we still believe in 100k this year. Most likely this will be the case towards the end of the year (Q4 2024). For Q2 and Q3 we see price chopping between 52 - 75k (fakeouts included). 5) Why is BTC not skyrocketing after halving It is a misconception that BTC instantly rallies after halving. This usually takes up to half a year until the post-halving rally finally kicks in. This being said: we are not at the end of the cycle. 📌 If you find this information helpful, consider supporting me.Follow me and like,share,quotes this post.. Your generosity helps me provide quality content.
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Two Bitcoin Wallets Active After 10 Years, Move $61 Million 🔥 After 10.7 years of inactivity, two wallets just moved 1,000 $BTC, now valued at $61.2M Wallet Addresses: 1⃣ 1DUJuHGVT4sa1VMGjfF9YdFnFAEw6NgfC5 2⃣ 16vRqAJ1wfuFBkVMabKnZHLkeN3uwqjzEa ▪️ Date of Initial Acquisition: September 12, 2013 ▪️ BTC   Received Each: 500 $BTC ▪️ Purchase Price per BTC: $134.20 ▪️ Total Initial Investment: $134,200 ▪️ Current BTC Price: $61,200 ▪️ Return on Investment: 456x ▪️ Current Market Value: $61.2M What does this mean for the market? #BinanceLaunchpool #ETHETFS #ETFvsBTC
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