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Bitcoin Trend: Bitcoin is battling to break through resistance ! Why ? $BTC is having difficulties. For various reasons, $BTC is having trouble surpassing the $70,000 mark. One of the primary reasons is the severe lack of buying power. Prior to this, large capital inflows caused the price of $BTC to hit all-time highs. The situation of the market indicates that less and fewer new buyers are willing to make these substantial investments. It's getting harder for $BTC to break through the psychological $70k barrier due to a lack of buying demand.#BTCFOMCWatch #CPIAlert #ETHETFsApproved #TopCoinsJune2024 #bitcoin An other crucial element is the alteration in institutional conduct. Despite being essential to $BTC previous rallies, institutions are now withdrawing their capital from Bitcoin ETFs. People seeking higher returns in other asset classes or fresh advancements in the bitcoin space are partly to blame for this shift.

Bitcoin Trend: Bitcoin is battling to break through resistance ! Why ?

$BTC is having difficulties. For various reasons, $BTC is having trouble surpassing the $70,000 mark. One of the primary reasons is the severe lack of buying power. Prior to this, large capital inflows caused the price of $BTC to hit all-time highs.

The situation of the market indicates that less and fewer new buyers are willing to make these substantial investments. It's getting harder for $BTC to break through the psychological $70k barrier due to a lack of buying demand.#BTCFOMCWatch #CPIAlert #ETHETFsApproved #TopCoinsJune2024 #bitcoin

An other crucial element is the alteration in institutional conduct. Despite being essential to $BTC previous rallies, institutions are now withdrawing their capital from Bitcoin ETFs. People seeking higher returns in other asset classes or fresh advancements in the bitcoin space are partly to blame for this shift.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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BTC DAILY TREND ANALYSIS Nothing miraculous occurred. Indeed, an attempt to surpass $67K was made, but it was unsuccessful. $BTC is continuously falling after fully consolidating under the Ichimoku Cloud's support. As previously indicated, a continuation of the decline to the significant support zone within $60K is the most likely scenario. to increase holdings in a significant player and to make a more successful $ETH entrance prior to the release of an ETF. Maybe this downturn we're in is the last phase of surrender. After all, there have already been three comprehensive tests of the sideways' top barrier, and there will be four more breakthrough tests. After that, we'll seize all available liquidity and witness truly bullish expansion at the short position stops. As a result, the current scenario is likely $60K testing, maybe with a false breakthrough. After that, there was a recovery to $72K, and at last, the sideways trend's upper boundary was broken, allowing for further development to $80K and beyond. #BinanceTournament #BTC #altcoins
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Meme Trend: $WIF Is Expected to Rise by 50% $WIF five-wave decline is now over. This hypothesis states that the recent developments point to a potential ABC correction, which is usually marked by an upward recovery followed by a collapse. Bullish divergences that are shown in different time frames—that is, the four-hour, eight-hour, and twelve-hour charts—support this viewpoint. A possible price recovery for $WIF, with an estimated increase of $3–$3.50. This spike, which is responsible for a roughly 50% bounce In conclusion , although the long-term view for $WIF is still negative, with a decrease to $1 predicted, the short-term signs point to a strong rebound to the $3–$3.50 region. I’m urging all traders and investors use caution when leveraging. Thanks for reading ❤️
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BTC DAILY TREND UPDATE The weekly close of $67K, the breach of the support zone, and the formation of a downward pattern all point to the possibilities for a subsequent down to $60K inside the medium-term flat pattern. Right now, there are no clear requirements for expansion. Before launching the ETF, funds must boost their positions in $ETH since there are withdrawals from spot $BTC - ETFs. Everything seems to point to another decline in the direction of the psychological $60K mark. We'll discuss her position at a later time today. In summary, I anticipate that the price decline will persist unless a miracle occurs and the price rises above $67K. #ETHETFsApproved #BTC #BlackRock #BinanceTournament
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