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🔥💥Binance CEO Richard Teng calls Bitcoin Halving 2024 'unique'
#Binance CEO #RichardTeng described Bitcoin's Halving in 2024 as 'unique'
Binance CEO Richard Teng expressed optimism that the upcoming Bitcoin halving could have a positive impact on the entire cryptocurrency market. Teng added the following statement to his written comments: " The current halving coincides with other signature achievements occurring in the crypto world, including the Bitcoin ecosystem.”
He noted that the approval of Bitcoin exchange-traded funds (ETFs) by different institutions is the trigger that we can point to as the reason for the growth in institutional investor participation and investment in this new asset and then in Bitcoin. The second observation he made was the adoption of DeFi activities from Layer 2 on the Bitcoin network.
Historically, the price of bitcoin has increased in the last six months following the halving event. Teng suggested that this dwindling supply of new coins could be behind the market's reaction to each event.
But he acknowledged that the room for further growth depends on several factors, including overall market sentiment and adoption rates. Teng added that Bitcoin ETF approvals have increased the demand for Bitcoin and increased its reach.
While the halving event is promising, Teng's comments highlight the importance of considering the broader crypto ecosystem and Sunday dynamics. Corporate adoption, low supply and original technology will determine the price of Bitcoin over the next few months.
The closer the date when the halving takes place, the more interest market participants show in how the changes that will occur along with that event will affect the price of Bitcoin and the entire area of crypto markets.
#bitcoinhalving #BTC @Richard Teng
#Binance CEO #RichardTeng described Bitcoin's Halving in 2024 as 'unique'
Binance CEO Richard Teng expressed optimism that the upcoming Bitcoin halving could have a positive impact on the entire cryptocurrency market. Teng added the following statement to his written comments: " The current halving coincides with other signature achievements occurring in the crypto world, including the Bitcoin ecosystem.”
He noted that the approval of Bitcoin exchange-traded funds (ETFs) by different institutions is the trigger that we can point to as the reason for the growth in institutional investor participation and investment in this new asset and then in Bitcoin. The second observation he made was the adoption of DeFi activities from Layer 2 on the Bitcoin network.
Historically, the price of bitcoin has increased in the last six months following the halving event. Teng suggested that this dwindling supply of new coins could be behind the market's reaction to each event.
But he acknowledged that the room for further growth depends on several factors, including overall market sentiment and adoption rates. Teng added that Bitcoin ETF approvals have increased the demand for Bitcoin and increased its reach.
While the halving event is promising, Teng's comments highlight the importance of considering the broader crypto ecosystem and Sunday dynamics. Corporate adoption, low supply and original technology will determine the price of Bitcoin over the next few months.
The closer the date when the halving takes place, the more interest market participants show in how the changes that will occur along with that event will affect the price of Bitcoin and the entire area of crypto markets.
#bitcoinhalving #BTC @Richard Teng
$BTC Is Not Pumping.
IT IS ACCUMULATION 🤑🤑🤑
If #BTC Crashed 50-60k It might be go lower,
That means Market Will take time to Recover.
If this happen Large entities may trapped.⭕
Also In near future Domestic and small MINERS will stop mining because of energy fees and restrictions‼️ If BTC DUMP Worlds Flagship Crypto Become Worthless.
CLEAR YOUR MIND OF BEARISH LOOK,
YOU WILL SEE FUTURE 🤑💚↗️
NOTE - IF BTC DUMP, IT WONT BRAKE 57k 💚
IT IS ACCUMULATION 🤑🤑🤑
If #BTC Crashed 50-60k It might be go lower,
That means Market Will take time to Recover.
If this happen Large entities may trapped.⭕
Also In near future Domestic and small MINERS will stop mining because of energy fees and restrictions‼️ If BTC DUMP Worlds Flagship Crypto Become Worthless.
CLEAR YOUR MIND OF BEARISH LOOK,
YOU WILL SEE FUTURE 🤑💚↗️
NOTE - IF BTC DUMP, IT WONT BRAKE 57k 💚
Within 3hrs Market Will Turn Back
GREEN💚🤑↗️
Then Next 20-24 Hrs You Will See $BTC RECOVERING 💚🤑↗️
100% ACCURATELY MARKET WILL NOT DIP UNDER 60k⚜️
Note-
🟢If you leverage you traders use only 5X
🟢Set Stop Loss Under The 60k
🟢When price went higher than your entry price, Take half of your profit.
🟢Then Set new stop loss to entry price.
🟢Then Double The leverage if you like.
Thank Me Later 💚😌
GREEN💚🤑↗️
Then Next 20-24 Hrs You Will See $BTC RECOVERING 💚🤑↗️
100% ACCURATELY MARKET WILL NOT DIP UNDER 60k⚜️
Note-
🟢If you leverage you traders use only 5X
🟢Set Stop Loss Under The 60k
🟢When price went higher than your entry price, Take half of your profit.
🟢Then Set new stop loss to entry price.
🟢Then Double The leverage if you like.
Thank Me Later 💚😌
TI IS HAPPENING 💚💚🤑🤑
MARKET REVERSAL 💚🤑💚🤑
IT IS VERY BULLISH 💚🤑💚🤑
MARKET REVERSAL 💚🤑💚🤑
IT IS VERY BULLISH 💚🤑💚🤑
LIVECryptoTrader 1307
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#BTC/USDT
1 hour chart
Falling wedge breakout is happening in #BTC
We can look for long in it with target as mentioned in chart upto 67000$
Stoploss can be today's low
Keep n eye on it
#BTC #BTCUSDT #cryptocurrency #cryptotrading #futurestrading
#NFA #DYOR
1 hour chart
Falling wedge breakout is happening in #BTC
We can look for long in it with target as mentioned in chart upto 67000$
Stoploss can be today's low
Keep n eye on it
#BTC #BTCUSDT #cryptocurrency #cryptotrading #futurestrading
#NFA #DYOR
IT IS VERY BULLISH 💚🎉️
#BTCHALVING. coming💚
Hundreds of milion short traders will liquidate TODY ‼️
#BTC🔥🔥🔥🔥🔥🔥
#ETH
#Altcoins👀🚀
#BTCHALVING. coming💚
Hundreds of milion short traders will liquidate TODY ‼️
#BTC🔥🔥🔥🔥🔥🔥
#ETH
#Altcoins👀🚀