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Portable Detective07
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#BITCOIN Breakout + #Cryptos to Bought . . . . Market activity has been calm without significant economic developments. Bitcoin has shown bullish momentum, surpassing a short-term downtrend and a notable level between $61,800 and $62,300. 🪷 Bitcoin Analysis: - Bitcoin must overcome a resistance barrier at $63,500. - A breakthrough beyond $63,500 might trigger a surge in alternative cryptocurrencies. - Observing for momentum to strengthen and potentially carry Bitcoin to $64,500, $65,000, and possibly $66,000. 🪷 If Bitcoin breaks above $63,500, it could be a good time to trade altcoins. 🪷 Cryptos to Trade Long with 2X to 5X Leverage with the current Price. PEPE RLC INJ FET AXS RENDER RUNE SUI ARB #altcoins #BTC #buythedip $BTC $ARB $PEPE

#BITCOIN Breakout + #Cryptos to Bought

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Market activity has been calm without significant economic developments. Bitcoin has shown bullish momentum, surpassing a short-term downtrend and a notable level between $61,800 and $62,300.

🪷 Bitcoin Analysis:

- Bitcoin must overcome a resistance barrier at $63,500.

- A breakthrough beyond $63,500 might trigger a surge in alternative cryptocurrencies.

- Observing for momentum to strengthen and potentially carry Bitcoin to $64,500, $65,000, and possibly $66,000.

🪷 If Bitcoin breaks above $63,500, it could be a good time to trade altcoins.

🪷 Cryptos to Trade Long with 2X to 5X Leverage with the current Price.

PEPE

RLC

INJ

FET

AXS

RENDER

RUNE

SUI

ARB

#altcoins #BTC #buythedip $BTC $ARB $PEPE

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🚨 #BITCOIN Alert !!!! It’s finally happening … . . . . 🪷 Bitcoin Update - Bitcoin broke out of a falling wedge pattern and retested support, leading to a massive candle. - The breakout is not yet confirmed, but the pattern suggests a potential move to $72,000. - The dollar (DXY) is being held down, which is bullish for Bitcoin and risk assets. 🪷 On-Chain Analysis - Whales are buying up Bitcoin, with one entity buying every time the price dips. - Open interest is down, while spot buying is increasing, indicating accumulation. - The relationship between market cap and hash rate suggests we are not near the cycle top. 🪷 Institutional Investment - The Bitcoin ETF launch was the most successful of all time, with $50 billion in assets and $10 billion in net flows. - Professional investors, including firms that manage money for Yale and Princeton, are allocating to ETFs. - A Boston-based hedge fund has accumulated $363 million worth of Bitcoin ETF shares. 🪷 Seasonality and Cycles - Bitcoin is in the "spring" phase of its cycle, with the potential for massive price movements. - The Bitcoin power law suggests we are only in the middle of the cycle. - The seasonality of Bitcoin's price action is similar to 2021, with a potential bear trap forming. 🪷 Altcoins and Risk - There have been almost 1 million new crypto tokens created in the last month, diluting interest in Bitcoin. - Most altcoins will not survive, but some have the potential for massive upside. - Be cautious when investing in altcoins and do your research. 🪷 Conclusion - The next 6 months are crucial for Bitcoin's price action. - The author is still bullish on Bitcoin and expects a massive price surge into the end of the year. #buythedip #bitcoin #trading #BlackRock $BTC
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