Breaking News: BTC hits Back at $70K | Kohenoor KEN on Binance Square

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Breaking News:BTC hits Back at $70K

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-3.81%

401

0

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The first short term narrow band support of $117.4K is still valid. That shows interest in BTC during selling pressure. However, the 5% technical correction is yet to be achieved. If BTC closes above $109K, this can signify strong bulls and bears thrown away. This however, appears difficult at the moment. BTC shall continue with its ATH streak once the due correction is met. Those who followed BTC and sold it at around $112K can start buying in chunks as we get around $107K for DCA. Cheers!

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So, BTC hits another all time high just in line with what we said (ATH series one after the other). What's coming up? We have yet to retest $109K plus we have the 5% technical correction due as well. There's an obvious buying spree (not a fake pump as many think/suggest). This time it is natural. However, don't be surprised if you see BTC dipping down to $107K, it will be a normal market action. KENFI suggests you to hold your horses for a while. Those who have bought at lower levels can book some profits now (around $112K) and hold little to DCA later. Leverages within due limits are your friends and out of limits, can kill you! Cheers!

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Crypto is already allowed to be owned without a regulatory framework in Pakistan. P2P and exchange-based trading are routine activities in Pakistan. Now with the regulatory framework on the way, the sixth largest country per number of crypto holders (app. 34 million)shall officially be crypto-legal within the next few weeks!

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Had big holdings in LUNA (Avg. cost:$59).Fortunately, we got to see USTC collapsing 9%; the moment it broke,we got out lightning fast. Tip: Stay Alert! FTX was indeed, painful😣

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#BTC Breaking above All Time High! Hitting the target with might, Bitcoin broke above $110K, registering a new ATH. Is that it? It is just the beginning of a new cycle which will help BTC create new ATHs multiple times before the year ends. A wave of inflows can take the market cap to new highs as well. Other big shots including Gold may appear small in comparison with the giant crypto. Our view has been bullish for almost a year and equally cautious when playing with leverage. Markets are brutal once you are exposed too much. We remind you of millions and millions of traders getting liquidated during the unmatched bullish and bearish cycles with dozens of traps thrown for each. Dirty play from whales is no longer a secret. Stay spot or low on leverage. Cheers!

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