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#BTC1D #CryptoMarketMoves #MtGoxRepayments short btc now or at 65000 tp1 64000 tp2 63000 tp3 60000
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xrp sudden rise will be filled by bears soon
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Bitcoin is on the cusp of entering price discovery, contingent on breaching the critical resistance at its previous all-time high of $69,000, according to crypto analysts. Bitcoin BTC  $68,429 hit its peak of around $69,000 during the 2021 bull run. This level was tested again on March 5, following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States earlier this year. Despite several attempts to break through, Bitcoin has remained below this threshold for approximately 10 weeks.
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A widely followed crypto analyst says that Bitcoin (BTC) is on the cusp of entering the parabolic phase of the market cycle. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 474,000 followers on the social media platform X that it appears as if the crypto king is one weekly close away from going parabolic. However, the analyst notes that most likely, it won’t be weeks until the top crypto asset by market cap makes large moves to the upside. “Bitcoin rejects from the range high of its current reaccumulation range. It’s clear that BTC is only one weekly close above the range high away from entering the parabolic phase of the cycle. But history suggests this historic breakout is still several weeks away.”
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The average Bitcoin investor is a financial genius of impeccable character, according to new research. Canadian investors, anyway. Stefano Di Demonico, a behavioral scientist and assistant professor at the University of Toronto, is finalizing a joint study on the “psychological makeup and financial literacy of Bitcoiners.” While the results have not yet been officially released, he previewed its findings at the Canadian Bitcoin Conference earlier this month. Drawing on a sample of 500 Canadian retail crypto investors, the co-author noted that his findings contradicted common misconceptions about the demographic—often caricatured as immature “crypto bros” who are irresponsible with their money. “Bitcoiners tend to be intellectually curious and emotionally stable,” Di Domenico wrote on LinkedIn regarding his findings earlier this month. “They value personal growth, relationships, community, and health over material possessions and having a ‘high-status’ image.” The research survey included more than 350 questions intended to address more than a dozen hypotheses. Di Domenico acknowledged the input of "Bitcoin-agnostic colleagues" for “critical and open-minded contributions,” and noted that the findings are still being prepared for peer review. “My colleagues and I are looking forward to finishing up our paper and sharing a fuller, more detailed set of findings,” Di Domenico tweeted today. Even so, the study's early results provide a stark contrast from a high-profile study covered by the New York Post two years ago, which summarized its findings in a headline saying Bitcoiners are “psychopaths who don’t care about anyone.” That study, conducted by scientists at the Queensland University of Technology in Australia, said many crypto investors exhibited all four “dark tetrad” traits including narcissism, Machiavellianism, psychopathy, and sadism. One of the authors admitted, however, that their survey of 566 people covered “only a subset of people interested in crypto who do have these traits.” #Megadrop $BTC
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