$BTC Has now been trading against its previous cycle high | Kriptoloji on Binance Square

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$BTC   Has now been trading against its previous cycle high for ~11 weeks.
In 2017 this took ~4 weeks.
In 2013 this took ~13 weeks.
Both resulted in massive expansion afterwards.
I'm not expecting  #BTC to go slow this time either, once it leaves this price range behind us.
#EarnFreeCrypto2024 

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Current State of #Bitcoin Data Despite waking up to a bad morning, good morning... On the #BTC front, the daily RSI is in oversold territory, and we are still above the 200 EMA. Let’s pray that we hold around the $60k levels and don’t go further down. The spot CVD is falling, but most of these sales are from small investors. - Whales have also sold a bit, but they are largely maintaining their Bitcoin holdings. - Bitcoin has been moving sideways in the $70-55k range for 4 months, and during this period, the amount of Bitcoin held by whales has not decreased at all. - The amount of Bitcoin held by small investors is continuously dropping. If the aim is to wear out investors and make them sell, they have been achieving this wonderfully for the last four months. - The fact that the amount of Bitcoin held by whales has not decreased indicates that their long-term expectations remain positive, friends. #MtGoxJulyRepayments $BTC

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Hello everyone, it's a new week but we've woken up to a bad day. I understand that everyone is very tense, but unfortunately, this is the nature of crypto. The Mt. Gox trustee has announced that they will start #Bitcoin and #BTC Cash repayments. The repayments will begin in July. This is negative news for the market, which is why there has been a significant pullback. The market has been moving between the 61,000 support and 72,000 resistance levels for a long time. This point is very important: if the lower support is broken, the decline will deepen, but usually, this is where we see a reversal. We will wait and see with patience. $BTC $NOT

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$BTC I wouldn't despair here. The best part of the bull market has always happened AFTER the halving. #BTC is also sitting above the bull market line. This line has NEVER been broken in previous bull cycle. When prices drop significantly, monitoring liquidations is crucial. Prices often fall to levels where liquidations are concentrated, causing most positions to be liquidated before they rise again. Current #Bitcoin Liquidations: 🔹 Long liquidations are concentrated around $62,500 and $55,000. 🔸 Short liquidations are concentrated around $71,000 and $72,000. We consider long liquidations as support and short liquidations as resistance levels. $NOT $ZK

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Despite everything, Fidelity has updated its spot Ethereum #ETF S-1 filing. According to the #SEC filing, Fidelity invested $4.7 million in the Ethereum ETF. $BTC #ETHETFsApproved

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🪢 BITCOIN UPDATE 🪢 The selling pressure on #Bitcoin and the general market continues. The $67,000 level was considered an important support, but breaking below this level increased sales, and now we are watching this level as resistance. The $67,000 level is crucial as it serves as both horizontal resistance and a falling trend resistance. As long as this level is not surpassed, it is beneficial for investors to remain cautious and keep risks to a minimum. The short-term outlook will only turn positive with the break of this resistance. The long-term outlook remains positive. #CryptoTradingGuide The market's weakness during the summer months can be attributed to factors such as the holiday season, low trading volume, decreasing economic data, and investor psychology. During this period, investors tend to be more cautious and often delay major investment decisions. In the summer months: 1. Holiday Season: Individual and professional investors are less active, leading to lower trading volumes. 2. Activity of Institutional Investors:Institutional investors are also less active, and major decisions are postponed. 3. Decreasing Economic Data:Fewer economic data releases make it harder for the market to find direction. 4. Central Bank Meetings:Fewer meetings and announcements take place. 5. Decreased Risk Appetite:Investors tend to shift to less risky assets, weakening the market. Looking at Bitcoin's summer performance over the past 10 years, 6 out of 8 summer periods have shown negative performance. This indicates a high probability (75%) of negative performance. In the cryptocurrency market, altcoins are considered high-risk, while $BTC and $ETH are seen as lower-risk. The key in the market is managing psychology effectively. #BinanceTournament

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