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5 Things to Know About Bitcoin’s Push Toward $100K 💯
Bitcoin’s price approaches $100,000, marking a #historic period for the cryptocurrency.
Here are #five key takeaways:
1. Record Monthly Gains: November 2024 saw Bitcoin’s largest-ever dollar increase, closing at $96,400.
2. Technical Strength: Support levels at $90K–$95K and a “bull flag” pattern suggest further upward momentum.
3. Market Stability: Low funding rates indicate a healthy market, supporting sustained growth near all-time highs.
4. Macro Impact: Upcoming U.S. jobs data and the Fed’s interest rate decision on Dec. 18 could trigger significant price moves.
5. Onchain Signals: A rare SOPR “golden cross” points to a potential sharp rally within the next two months.
Bitcoin’s six-figure milestone appears closer than ever, with analysts predicting parabolic growth once $100K is breached.
Still bullish on this!
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Bitcoin’s price approaches $100,000, marking a #historic period for the cryptocurrency.
Here are #five key takeaways:
1. Record Monthly Gains: November 2024 saw Bitcoin’s largest-ever dollar increase, closing at $96,400.
2. Technical Strength: Support levels at $90K–$95K and a “bull flag” pattern suggest further upward momentum.
3. Market Stability: Low funding rates indicate a healthy market, supporting sustained growth near all-time highs.
4. Macro Impact: Upcoming U.S. jobs data and the Fed’s interest rate decision on Dec. 18 could trigger significant price moves.
5. Onchain Signals: A rare SOPR “golden cross” points to a potential sharp rally within the next two months.
Bitcoin’s six-figure milestone appears closer than ever, with analysts predicting parabolic growth once $100K is breached.
Still bullish on this!
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
#crypto #begginers
#five important tips for beginners in crypto:
1. Education is key: Learn about blockchain technology, different types of cryptocurrencies, and the current market trends. Understanding the basics will help you make informed decisions.
2. Invest only what you can afford to lose: Cryptocurrencies are volatile, and prices can fluctuate rapidly. Never invest more than you can afford to lose, and don't use borrowed money or funds that are needed for essential expenses.
3. Diversify your portfolio: Spread your investments across a mix of asset classes, sectors, and cryptocurrencies to minimize risk. This strategy can help you ride out market fluctuations and potentially maximize returns.
4. Use reputable exchanges and wallets: Ensure that you use well-established and reputable exchanges and wallets to store your cryptocurrencies. In my opinion I think that #binance is one of the best exchanges around currently. Enable two-factor authentication and follow best practices for securing your accounts.
5. Don't chase hot trends or FOMO: Avoid investing in cryptocurrencies solely based on hype or fear of missing out (FOMO). Instead, focus on thorough research, fundamental analysis, and long-term potential. Be cautious of unsolicited investment advice or "get rich quick" schemes.
Remember, investing in cryptocurrency carries risks, and thorough research is essential before making decisions. Stay informed, stay cautious, and never invest more than you can afford to lose.
#give me thumbs up and a follow if the article helped you.
#five important tips for beginners in crypto:
1. Education is key: Learn about blockchain technology, different types of cryptocurrencies, and the current market trends. Understanding the basics will help you make informed decisions.
2. Invest only what you can afford to lose: Cryptocurrencies are volatile, and prices can fluctuate rapidly. Never invest more than you can afford to lose, and don't use borrowed money or funds that are needed for essential expenses.
3. Diversify your portfolio: Spread your investments across a mix of asset classes, sectors, and cryptocurrencies to minimize risk. This strategy can help you ride out market fluctuations and potentially maximize returns.
4. Use reputable exchanges and wallets: Ensure that you use well-established and reputable exchanges and wallets to store your cryptocurrencies. In my opinion I think that #binance is one of the best exchanges around currently. Enable two-factor authentication and follow best practices for securing your accounts.
5. Don't chase hot trends or FOMO: Avoid investing in cryptocurrencies solely based on hype or fear of missing out (FOMO). Instead, focus on thorough research, fundamental analysis, and long-term potential. Be cautious of unsolicited investment advice or "get rich quick" schemes.
Remember, investing in cryptocurrency carries risks, and thorough research is essential before making decisions. Stay informed, stay cautious, and never invest more than you can afford to lose.
#give me thumbs up and a follow if the article helped you.