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crypto Emilia clarke
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In the next hour, will Bitcoin break out of the ascending triangle pattern upwards or downward #Btc

In the next hour, will Bitcoin break out of the ascending triangle pattern upwards or downward #Btc

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Saudi Arabia, led by Crown Prince Mohammed Bin Salman, has decided not to renew a security agreement with the US that expires on June 9, 2024. This allows Saudi Arabia to sell oil and other goods in currencies like the RMB, Euros, Yen, Yuan, and more, instead of just the US dollar. This is a major change because it challenges the dominance of the petrodollar system, which has been in place since the US stopped linking its currency to gold in 1972. This decision is expected to accelerate the shift away from using the US dollar.
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Bitcoin ($BTC) is at a significant resistance zone, and breaking through this area could open up new opportunities. It has reached the intermediate resistance level of $71,500 and is currently stuck there. We've been experiencing congestion in this area for a while. I've been saying for a long time that as long as the $67,000 level is maintained, there is no cause for concern given the positive trend. Today's ADP data has increased hopes for an early rate cut, and we can see this optimism reflected in the #BTC price. However, the really important data comes on Friday. Yesterday, there was an impressive $887 million inflow into spot #ETF. Bitcoin is our leader, and $ETH is our comrade.
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BITCOIN TO END YEAR AT $100,000 “OR EVEN HIGHER” - HERE’S WHY… - Mike Novogratz, the CEO of Galaxy Digital, expressed an optimistic outlook on #Bitcoin in a recent interview with Bloomberg TV. “If we reach $73,000 within the next week or so, we’ll end the year at $100,000, or even higher,” said Novogratz. - The CEO cited the US regulatory environment as a key reason for his optimism. Specifically, he mentioned… - The recent approval of spot #Ethereum ETFs by the SEC. - Bipartisan support for the pro-crypto FIT121 bill. - The repeal of the SEC’s controversial SAB121 rule (despite Biden's veto undermining Congress). “We’re getting regulatory clarity, even though it’s not perfect.” - However, Novogratz’s crypto predictions have not always been accurate in the past. - The Galaxy CEO famously got a Terra/Luna tattoo before the ecosystem's collapse in May 2022.
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Why crypto? Because we’re unlocking so much potential! 🔑 From quicker, more affordable international transfers to providing financial access for the 1.4 billion unbanked people worldwide. Here's an excellent #Binance Blog article that discusses this.
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The US has Bitcoin ETFs. The UK has Bitcoin ETPs. Hong Kong has Bitcoin ETFs. Australia has Bitcoin ETFs. Thailand has Bitcoin ETFs. Which country will be next?
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