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$BTC
has been going sideways for 205 days now.
#bitcoin،
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#BTC What if? 🤔 I’ve been watching the market all day, while such thoughts are emerging, locally we get growth, then a continued decline into the area of the nearest volume demand (this is approximately 60,500 and slightly lower). And then we’ll see how the price behaves. If I have any other thoughts, I’ll share them. For now I'm just watching.$BTC
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What to expect this week? 👀 The focus will be on future labor market indicators including JOLT, ADP and US unemployment. All these data will be released in September, and if they are within the forecast, then we will be able to see further market growth. Also speaking today is Powell? Personally, I would wait for the dove speech. What to expect this week? 👀 The focus will be on future labor market indicators including JOLT, ADP and US unemployment. All these data will be released in September, and if they are within the forecast, then we will be able to see further market growth. Also speaking today is Powell? Personally, I would wait for the dove speech. The US presidential election is approaching - both candidates support cryptocurrency. The last day of September can be dangerous. If we close the month above $65,000, we will get +10% in September - this is very bullish. History beat the majority - many were expecting a weak month, but despite the correction at the beginning of the month, we grew strongly. Let's see how the market behaves when we close out September like this.$BTC
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Why You Should Buy Bitcoin Before 2024 Ends#bitcoin، As mentioned above, here are the three reasons why you should consider scooping up BTC: 1.Historical data shows the best performance of BTC price has always happened in Q4. 2.Furthermore, post-halving and bull run historical data shows Bitcoin is at the halfway point of the ongoing bull run that began in 2023. 3.With the approval of spot Bitcoin ETF and Bitcoin options, the institutional demand is only going to increase and there’s only so much BTC to go around. All of these data points indicate a massive bull run awaits BTC and the rest of the crypto market. Historical Data Shows Q4 is Best Quarter Coinglass Data for the past 11 years shows the average Q4 return is nearly 90%, following this is Q1 & Q2 with 56% and 27% yields, Q3, which is the current quarter we’re in, has the worst performance of 6% return. $BTC As of this writing, Q3 performance of Bitcoin in 2024 stands at 0.41% and goes to show that buying dips before Q4 2024 is the best idea.
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The impact of the lower interest rate decision issued by the US Federal Reserve, this may affect the digital currency market, including Bitcoin, in several ways: 1. Increased demand: - Cost of borrowing: Low interest rates make borrowing less expensive, which may encourage investors to use borrowed funds to invest in assets such as Bitcoin. - Stimulating investment: Lower interest rates may increase liquidity in the market, enhancing demand for risky assets. 2. Shifting from traditional assets: - The trend towards digital assets: With lower returns on bonds and traditional assets, investors may look for higher returns in digital currencies. 3. - It may reduce the increase in expectations to an increase, which investors in value-preserving assets such as Bitcoin consider. 4. Price fluctuations: - Increased volatility: Increased demand for Bitcoin may lead to greater price fluctuations. 5. Psychological effects: - Confidence in the market: Lower interest rates may enhance confidence in the market, prompting more investors to enter the world of digital currencies. 6. Institutional investments: - Greater investments: as economic conditions improve.
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$BTC buy and hold big pump soon #bitcoin،
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