🚨BTC investors to navigate the ongoing dull price movement | MiconCrypto on Binance Square

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🚨BTC
investors to navigate the ongoing dull price movements, based on the last ten years of data.
Buy Bitcoin 500 days before the halving.
Wait and don’t panic.
Sell 500 days after the halving.
Repeat.
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Bank Of America Says Gold Is The Ultimate Safe Haven, What About Bitcoin?😅🧐 Bank of America: Gold Outshines Bonds as Safe Haven Bank of America strategists, who have long been strong proponents of gold’s benefits, particularly at a time of rising inflation, said its relative attractiveness against traditional havens of safety, such as government bonds, is improving as risks accumulate. However, even though it embraced blockchain, it is still very cautious about Bitcoin and crypto. The bank added that, logically speaking, investors, including central banks, should shift toward the yellow metal. They see it as a hedge against inflation and currency devaluation because of growing government debt. More surprisingly, US PPI Inflation, up to 1.8% from the expected 1.6%, has rejuvenated fears of a possible slump in Bitcoin. This rise in the PPI indicates that inflationary pressures are firmer in the economy. This might result in the Federal Reserve keeping a more hawkish interest rate posture. This shift is because of fiscal concerns and economic uncertainty. Therefore, it makes gold a better choice amid growing financial pressures and worldwide macroeconomic challenges. On the other hand, some experts, like BitMex co-founder Arthur Hayes, think that war, especially in the Middle East, has a sobering impact on the US’s rush to increase government spending. This means more money printing and inflation. In his opinion, this will boost the Bitcoin price. One fundamental driver is growing fiscal stress, which is there because of the US national debt, that could balloon to record highs. The cost of servicing this debt is also likely to rise as a percentage of GDP in the next few years. This fiscal outlook brightens the appeal of gold, thereby establishing the reason behind Bank of America continuing target of $3,000 per ounce. Fiscal expansion seems to be supported by both main US presidential candidates, Kamala Harris, and Donald Trump. The likelihood of higher spending in the future is, therefore, increased. Follow Us Like / Share Comment Repost

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Details and Outcomes Do Kwon’s Extradition Case The anticipated outcome has materialized, triggering the bankruptcy of several crypto risk-takers, including Zhu Su, during the mid-2022 crash. Rumors have surfaced that major players like Jump profited from this collapse. These details are expected to come to light following Kwon’s extradition. Today, Montenegro’s Minister of Justice, Bojan Božović, stated that a decision regarding the extradition of Terraform Labs founder Do Kwon has been finalized and will be announced by the end of Sunday. Despite the prolonged decision-making process causing confusion, announcements regarding extradition to South Korea or the United States are likely to be made in the coming days. Follow Us X / trend / IG Like & Share Comment Repost

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Authorities Decide on Do Kwon’s Extradition Case Awaited Developments The situation surrounding Do Kwon has turned from humorous to serious. There are ongoing reports regarding the extradition of Do Kwon, who played a significant role in the Terra collapse. Local courts are making decisions that higher courts are then overturning. Subsequently, the ministry intervenes with its own rulings, creating a chaotic legal scenario. After the last ruling was overturned, Kwon could not be extradited. Follow Us X / trend / IG Like / Share Comment Repost

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#BTC💯💯 Be Prepared @ MiconCrypto Imagine BTC sitting at the same price after dropping in half for months. The next few months will be exciting... Follow Us X / trend / IG Like / Share Comment Repost

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#ETH Ethereum Price is “Ready,” Edges Closer to Breakout🚨🚨 Ethereum price action is repeating a fractal that was last see over five years ago. This fractal contains four phases – a cycle bottom after the end of a bear market followed by a correction that forms a higher low, relative to the cycle bottom, a breakout and retest that confirms the start of a bull run and the bull run. Between 2019 and 2021, the price of ETH formed a cycle bottom below $100 and rallied to form a local top around $300. This move was followed by a pullback that formed a higher low under $100, signaling that the market is bullish. Following the initial two phases, Ethereum price formed a bottom around $300, which was a significant move that led to a bull rally and an all-time high just shy of $5,000. The analyst assumes that if history is repeating then Ethereum price is currently in the third phase, where it is forming a stable foothold that should be followed by a bull rally. Although the fractal is likely, the analyst’s Ethereum price forecast targets anywhere between $12,000 to $15,000 per ETH. This would mean ETH needs to pentuple or roughly 4.8X from the current level of $2,500. Is this possible? Only time will tell. Follow Us Like / Share Comment Repost

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