WHY IS BITCOIN DUMPING?

BTC recently dropped below $61,000, making a new monthly low of $60.5K
Here are some of the major reasons behind this BTC dump 👇

1) Mt. Gox distribution

Just a few hours ago, Bloomberg reported that Mt. Gox had announced plans to distribute 143K BTC to its creditors starting in July.
This will add huge selling pressure on BTC, and that's why the market is dumping in panic.

2) Miners selling

In the month of June, miners selling reached a yearly high.
Miners sold around 30K worth $1.8B in the first 3 weeks.

3) Huge ETF outflows

Since June 15, Bitcoin ETFs have experienced nearly $1B in outflows.
It has experienced seven consecutive trading days of outflow, and it still seems like there could be more to come.

4) The German government dump

Beside miners and ETFs, the German government is also selling BTC.
It has sold over $200M worth of BTC and still holds over $2.8B worth of it.
All of this has caused spot selling along with massive forced
liquidations.
In the long run, BTC is still going to $100K+, and you need to HODL your bags; otherwise, you'll always buy high and sell low.
#BTC☀ #ETHETFsApproved #BinanceTournament
$BTC $BNB $ETH

CRYPTO MARKET: WHAT'S NEXT?
Let's take a look at the market through 4 charts: BTC, ETH, Total Crypto Mcap, and ALT Mcap.
Bitcoin: BTC price is below $65,000 and has been in a downtrend channel for the last two weeks. However, it’s still in a BULL trend on the long-term frame. Support levels are at $63,000 and $60,000. The chart shows BTC forming the Right Shoulder in a Bullish Head & Shoulders Pattern. But guys, it's too late to buy Bitcoin.
ETH: The ETH price is also in a short-term correction with major support at $3,250. An ETH and Solana ETF could come in the next 15 days, so we might see a strong bounce. Around $3,300 would be a good entry point. Time to load up on Ethereum!
Total Crypto Mcap: Total Crypto Mcap is in a short-term correction but remains above the mega bull trend line. It’s time to stock up on altcoins because the altcoin market is ready to pump. 🚀
Who believes in the moon on Solana or ETH? 🌙
#BTCUSDT #ETHUSDT #solanausdt
$ETH $BTC $SOL

#BTC☀
BTC → it will touch the $85K
The chart shows a forming head and shoulders pattern! a double one! 

I think it will touch the gray area to form the next double right shoulders, afterwards, it will reach the neckline level (I've shown it as a dashed-line)! 

if the dashed line breaks up the price will touch the $85k level! 

let's see!
#BTCAnalysi
#BTCUSDT

#BTC
Hold it before it's too late!!!!!!
#BTC☀
#BTCUSDT
#BinanceTournament
BTC

#dogecoin
Long
Dogecoin + Golden Cross + Potential $12 - $35
#doge⚡
#DOGEUSDT!
#DogecoinCommunity

#PEPEUSDT
Everything is on the chart. 

Support has been tested a second time just two days ago. 
This support is now a slow-moving exponential moving average.

👉 We are likely to see a break of this support based on my analysis. 

My analysis goes like this: 

➖ The first bullish wave was very steep and its correction ends at support. 
➖ The second bullish wave is weak compared to the previous one. The same support is being tested. 

➖ Since the second wave is much weaker, it is likely that support will fail next; based on short-term signals. 

One thing to keep in mind are the market movers —professional traders. 

They track the market, the exchanges; your orders, actions and the rest. 

➖ If there is lots of selling; people becoming aware of the upcoming correction; they move to buy in order to liquidate the shorters and then SHORT themselves. 

This is shown here with a curved red-line. 

👉 Such moves do not change the market cycle, the general trend. 

👉 PEPEUSDT is aiming lower but, remember, things can always change. 

Thank you for reading.
#PEPE_EXPERT
#PepeCoinToTheMoon
#PEPEATH
#pepe⚡

#BTC
Bitcoin should bounce soon from the 62,400 level and continue in the bull market to an all-time high. Why 62,400? All details are in my previous analysis in the related section down below. 

Critical news:
Looking at AI-generated images and listening to AI music causes internal mental bleeding. Regulations on AI will follow. Bad news for AI crypto coins? (Source: X). 
Michael Saylor's MicroStrategy Acquires 11.9K More Bitcoin for $786M. The company now holds 226,331 bitcoins worth just shy of $15 billion. The company's bitcoins were purchased at an average price of $36,798 each. (Source: CoinDesk). 

To establish the ultimate profit target for the whole bull run, we need to use the Fibonacci extension and Elliott Wave theory. Throw away all Fibonacci levels on Bitcoin and use only following that works: 0.382, 0.500, 0.618, 1.000, 1.382, 1.618, 2.000, 2.382, 2.618, 3.000 etc......First, we need to make an Elliott Wave count, and after that, we can use the Fibonacci extension tool. As per my Elliott Wave count, we are in the final wave (5) of the whole bull cycle. That means we are in an impulse wave (1)(2)(3)(4)(5) and finishing the fifth wave. In general, to establish the profit target for wave (5), we need to use the Fibonacci extension tool from the start of the bull market, to wave (3), to wave (4). Usually, we want to target the 0.382 fib extension or the 0.618 fib extension. But in this case, it seems to be too low, so I am targeting a 1:1 FIB extension because of the wave (2) look. This gives us a profit target of 114,853. 

Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Also, name your coin in the comment section and I will tell you my opinion + TA. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
#BTC☀
#btcupdates2024

#bnbustd
- failed breakout for BNB on a high-timeframe basis 
- 5D RSI displaying a clear head and shoulders formation 
- weekly volatility extremely low
#BNBAnalysis
#BNB_Market_Update
#BNBToken

#btc MicroStrategy has acquired an additional 11,931 BTC for ~$786.0M using proceeds from convertible notes & excess cash for ~$65,883 per Bitcoin. As of 6/20/24, $MSTR hodls 226,331 BTC acquired for ~$8.33B at average price of $36,798 per bitcoin.
#btcupdates2024
#BTC☀
#BNBHODLer
#MicroStrategу

#bnbusd The Binance Coin (BNBUSD) is has been accumulating since basically early March (March 11 candle), trading sideways within the Mayer Multiple Bands (MMB) Mean (black trend-line) and the 1st SD above (grey trend-line). The 1W MA50 (blue trend-line) has been the support since the late December 2023 bullish break-out.
#BNBHODLer
#BNBAnalysis
#BNBUSDT

#KLAY🚩 price has returned to the demand area from which it was previously pumped by more than 50%.

As the price reached the resistance level of $0.2600 - $0.2700, the price started to decline and exactly returned to the area of ​​$0.1600 - $0.1500, this area has already supported the price well. Therefore, the possibility of re-support is very high.

 If the current level is violated and the price drops below the support level, the situation will become more critical and the possibility of further price reduction and reaching the level of $0.1200 will increase. This level is almost the price floor of this currency.

#memecoin
CLAIM STATS | JUNE 19th 2024 🔥
Claim your $WUF tokens before the burn! 🔥
Less than 21 days remain before the total $WUF supply is reduced by ~16% forever! 😱
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#BTC☀

$SALMAN is building his new kingdom👑

Currently $1.1M MC 

expect this to break $???M MC 🚀🚀

growth in just one week 

More Exchange Soon !! 🤙🏻

follow me telegram: lvqmeme

These are the top 3 meme coins for 2024 and they are ready to pump right now :
@PlatyPerryCoin
- CA: B598mEzN4gWPZN2d7xcPQ45itu4YYyLQJ22nb1mCMJ7T
@PickleRickPrick
- CA: 6zoshtkmyX4kRFg3p152yV2bPssxeYdNvW3c6EVCE4UP
@WifHamsterHat
- CA: GLXkHLX4jiVRAYBVwx2UAvKRBu2YDCQudNiR3k9q9THH
All 3 projects have a small market cap, all 3 projects will give at least 100x from the signal, and all 3 will soon be listed on Mex, Bitget, and Bybit - LFG
#Topmemecoin #top3 #Top3memecoin #Memecoin #MemecoinSummer2024 #memecoinx1000

#COTI has returned to its original support level. A level that if broken, the long-term trend will be downward.
In the daily time frame, all these successive declines can be considered corrections of an upward trend so far. But the trend will change if the price drops below the $0.08 level. Therefore, it is very important that the price continues to trade above this level to maintain the uptrend.

#meme
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