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Jinn_cryptohub
Bullish
--ใƒป32 views
๐Ÿšจ BREAKING ๐Ÿšจ THREE BITCOIN AND ETHEREUM SPOT ETFS IN HONG KONG HAVE OFFICIALLY STARTED TRADING. BULLISH ๐Ÿ”ฅ #HKETF #BTC #BullorBear

๐Ÿšจ BREAKING ๐Ÿšจ

THREE BITCOIN AND ETHEREUM

SPOT ETFS IN HONG KONG HAVE

OFFICIALLY STARTED TRADING.

BULLISH ๐Ÿ”ฅ

#HKETF #BTC #BullorBear

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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This is called a Bitcoin banana effect We saw a massive pump in 2011, 2014, 2019, 2022 and If this plays out again we can see BTC $250k - $300k as the new bull market high. Multiple countries are approving spot ETFs, Funds buying billions worth BTC. Donโ€™t ignore the signs. #BTC #BullorBear #Memecoins #HKETF #bitcoinhalving $BTC
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$74k WAS THE BITCOIN TOP Anyone saying such things simply doesn't understand the crypto cycle and on-chain indicators.ย  ย  Here's why $74k is not the Bitcoin top ย  1) On-Chain indicators signalling correctionย  ย  Every major on-chain indicator like the MVRV Z-Score, NUPL, and Pi Cycle Top is indicating a normal correction, which usually happens during every bull run. ย  2) No Major drop ย  During the 2017 peak, BTC dropped 50% in a monthย  ย  During the 2021 peak, BTC dropped 40% in a month ย  This time, BTC hit a new ATH of $74K on March 14th, and since then, it's only been down 16% in 45 days. ย  This clearly indicates a mid-cycle correction rather than a blow-off top. ย  3) Bitcoin pricing in every major FUD ย  Since Bitcoin Halving, several FUDs like Mt. Gox selling, FBI warning, rate cut delay, and a war situation have hit the market, but BTC is still trading above $60k ย  This type of strength usually occurs only during a bull market. ย  4) More Bullish News Coming ย  From tomorrow, Hong Kong Spot ETFs will start trading ย  Along with that, the Australian Securities Exchange is also expected to approve Bitcoin ETFs in 2024 ย  FASB rule, rate cuts will happen in 2024 too, and the market hasn't priced in these events.ย  ย  So, don't overthink the BTC top and use this opportunity to DCA into your favourite coins. #BTC #bitcoin #BullorBear #bitcoinhalving #Memecoins
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๐Ÿšจ BREAKING ๐Ÿšจ RUSSIA PLANS FOR TOTAL BITCOIN BAN AMID GEOPOLITICAL TENSIONS RISE. THEY WILL ONLY ALLOW DIGITAL RUBLES NOW. THE NEED FOR A BAN IS BECAUSE BITCOINย IS A CURRENCY THAT REPLACES THE RUBLE AND THEN "THEY'LL FIGHT YOU" PHASE HAS STARTED #BTC #bitcoin #BullorBear
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Youโ€™ll lean more from losing $10 of your own money in the market than from losing $1,000,000 in a practice trading account #BTC #bitcoin #BullorBear
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๐—ง๐—ต๐—ถ๐˜€ ๐—ข๐—ป๐—ฒ ๐—ง๐—ต๐—ถ๐—ป๐—ด ๐—–๐—ผ๐˜‚๐—น๐—ฑ ๐—–๐—ฟ๐—ฎ๐˜€๐—ต ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—”๐—ป๐—ฑ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—œ๐—ป ๐—ง๐—ต๐—ฒ ๐—–๐—ผ๐—บ๐—ถ๐—ป๐—ด ๐— ๐—ผ๐—ป๐˜๐—ต๐˜€ย  ย  Reason ๐Ÿ‘‡ ย  โ—พ Fear of stagflation ย  Recently, US GDP data came in at 1.6%, which was almost 40% less than expectations.ย  ย  On the other hand, US core PCE rose from 2% to 3.7% (an almost 85% increase). ย  This indicates a weakening economy with rising inflation, also called stagflation.ย  ย  Why is it bad? ย  During a weakening economy, the FED usually makes rate cuts to boost the economy.ย  ย  During rising inflation, the FED usually does rate hikes to control the inflation.ย  ย  But right now, the FED is clueless, as both things are happening at the same time. ย  During the stagflation era of 1970โ€“80, stocks were one of the worst performers.ย  ย  Given that crypto usually follows stocks, if the stock market takes a big hit, Bitcoin and crypto will dump even more. ย  The next FOMC meeting is in 4 days, which will decide the fate of the market in the coming months. ย  If you liked this analysis, then hit like and repost it. #BullorBear #BTC #bitcoin #Memecoins #Token2049
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