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🎉Hey there, Bitcoin enthusiasts!🎉 BTC's price has been dancing between $67,200 and $70,000 recently, and is now chilling at $68K. Some market gurus are predicting a major pump, with forecasts suggesting it could skyrocket to $150,000! 🚀 This is all thanks to the impact of Bitcoin ETFs, which are attracting "hundreds of millions" of dollars in inflows daily. Analyst Lark Davis is one of the big believers, envisioning BTC's bull run will be fueled by these ETFs. He's excited about the prospect of countries, wealth managers, pension funds, and retail buying billions of dollars worth of ETFs daily. 🌍💰 Crypto Rover, another bullish analyst, sees the BTC supply "available to the masses" gradually decreasing, hinting at an "enormous bull market" on the horizon. 📈 Don't forget about the BTC halving, a key mechanism in Bitcoin’s supply system that directly impacts its inflation rate. This event, which happened a month ago, slows down BTC production by half, making the asset scarcer and potentially more valuable over time. Historically, it's been a precursor of a massive bull run for BTC and the entire crypto market. 🐂 Meanwhile, Ripple's XRP is trading around $0.524, with expectations of a significant surge. Key targets are $1.20 to $1.50, with a critical breakout point at $0.70 – $0.75. 🎯 And let's not forget Dogecoin, which faces significant resistance between $0.166 and $0.171 but could potentially double if it overcomes this barrier. 🐕 Stay tuned, crypto fans! The future looks bright for Bitcoin! 🌞🌈

🎉Hey there, Bitcoin enthusiasts!🎉 BTC's price has been dancing between $67,200 and $70,000 recently, and is now chilling at $68K. Some market gurus are predicting a major pump, with forecasts suggesting it could skyrocket to $150,000! 🚀 This is all thanks to the impact of Bitcoin ETFs, which are attracting "hundreds of millions" of dollars in inflows daily.

Analyst Lark Davis is one of the big believers, envisioning BTC's bull run will be fueled by these ETFs. He's excited about the prospect of countries, wealth managers, pension funds, and retail buying billions of dollars worth of ETFs daily. 🌍💰

Crypto Rover, another bullish analyst, sees the BTC supply "available to the masses" gradually decreasing, hinting at an "enormous bull market" on the horizon. 📈

Don't forget about the BTC halving, a key mechanism in Bitcoin’s supply system that directly impacts its inflation rate. This event, which happened a month ago, slows down BTC production by half, making the asset scarcer and potentially more valuable over time. Historically, it's been a precursor of a massive bull run for BTC and the entire crypto market. 🐂

Meanwhile, Ripple's XRP is trading around $0.524, with expectations of a significant surge. Key targets are $1.20 to $1.50, with a critical breakout point at $0.70 – $0.75. 🎯

And let's not forget Dogecoin, which faces significant resistance between $0.166 and $0.171 but could potentially double if it overcomes this barrier. 🐕

Stay tuned, crypto fans! The future looks bright for Bitcoin! 🌞🌈

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🚀🎉 Bitcoin enthusiasts, hold onto your hats! Large investors, or as we like to call them, "sharks" and "whales," have been gobbling up BTC during market downturns and selling during market upswings. 🐋💰 Data reveals that Bitcoin wallets holding at least 10 BTC have seen a significant increase in the past five months, adding a whopping 154,560 BTC! 📈💼 This accumulation started amidst a market decline in October 2019, sailed through the COVID scare, and continued into early 2022, pushing BTC to a new all-time high above $60,000. 🚀🌕 However, mid-2022 saw a mass dumping as US interest rates wreaked havoc on all markets, dragging BTC down below $17,000. 😱💔 But fear not! Aggressive sharks and whales started accumulating again in December 2023, likely in anticipation of increased institutional investment, especially with the approval of spot Bitcoin ETFs in January this year. 🏦💸 The addition of 154,560 more BTC over the past five months indicates significant accumulation by large investors. Typically, this precedes a bullish phase with rising market prices. 📈🐂 On the flip side, when these big players start to offload their BTC, it often signals the onset of a bear market. 📉🐻 Interestingly, 50% of BTC’s total supply from long-term holders (1-2 years) has remained inactive for over a year, suggesting a reluctance to sell for quick gains. 💼🔒 So, what does all this mean? Experts predict that we could be on the cusp of a fresh peak between October 2024 and March 2025. So, keep your eyes peeled, Bitcoiners! 🚀🌕
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🚀🚀🚀 Bitcoin enthusiasts, buckle up! Long-term Bitcoin holders (holding for 1-2 years) have been observed to sell portions of their holdings during bullish phases when BTC's price is on the rise. But wait, there's more! 🎉 Those with Bitcoin UTXOs (unspent transaction outputs) older than 3 years are still accumulating more BTC, showing a strong bullish sentiment. So, it's not all sell, sell, sell! 💪💪 CryptoQuant's latest findings reveal that over 50% of BTC's total supply has been inactive on the blockchain for over a year. This suggests that long-term holders are confident about Bitcoin's future value despite price fluctuations. 📈📈 As BTC's price recovered to $56,000, the 1-year and 2-year holder cohorts transitioned from a selling phase to a holding one, signaling renewed confidence in Bitcoin's upside potential. The technical outlook is at a critical juncture, testing significant support levels. But long-term holders' behavior suggests an underlying bullish sentiment. 🚀🚀 Glassnode also noted that a group of long-term Bitcoin holders, who had been selling portions of their holdings since December 2023, have started re-accumulating or buying BTC again. This could mean significant volatility may be needed to trigger another wave of sell-offs from these long-term holders. 😎😎 CryptoQuant warns that a break below the daily Ichimoku cloud could shift market sentiment bearish, potentially leading to a retracement towards $64,000. But don't fret! IntoTheBlock estimates that the next market peak could occur between October 2024 and March 2025. So, hold on to your hats, Bitcoin believers! 🎉🎉🎉
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🚨Crypto world, hold onto your hats! 🎩 Former FTX co-CEO Ryan Salame has been sentenced to a whopping 90 months in prison! 🚔 This news comes straight from Damian Lewis, the United States Attorney for the Southern District of New York. Salame had previously admitted to conspiring to make illegal political contributions and defraud the Federal Election Commission. He also confessed to running an unlicensed money-transmitting business. Quite a rap sheet, huh? 📜 From 2019 to 2021, Salame was the co-CEO of FTX Digital Markets, FTX's Bahamas-based subsidiary. His legal team argued for a minimum sentence of 18 months, citing his role in alerting Bahamian authorities about potential fraud just before FTX's bankruptcy filing in late 2022. But the US probation authorities had other ideas, recommending a stern 10-year prison sentence. 😱 Salame's crimes, according to Williams, undermined public trust in American elections and the integrity of the financial system. His sentence, Williams said, underscores the serious consequences for such offenses. Court proceedings revealed that Salame, along with others, ran an unlicensed money-transmitting business using FTX, Alameda Research, and “North Dimension” to transmit customer funds without proper licensing. They also allegedly made false statements to US banks to sustain these illicit activities. In addition to his prison term, Salame also faces three years of supervised release and has been ordered to pay over $6 million in forfeiture and more than $5 million in restitution. Earlier this year, Bankman-Fried received a 25-year prison sentence after being found guilty of using billions of dollars in customer deposits to cover risky investments made by his hedge fund, Alameda Research. Stay tuned, crypto enthusiasts! This is a reminder that while we're all bullish on BTC, it's important to play by the rules! 🚀🌕
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