By Analysing previous halving data here are some facts that are very important while we go to trade for next 11 days.
4-6 days before of every halving a 10-20% dump recorded. But this time it's totally different institutions will buy when you sell. Market may go up. But a really will occour from Jun. So, before that all long position above 60k will be eliminated. 26 April - 8 May is important for this elimination.
The question that is arising is that what to do with alts coins? I suggest that book profits here 90%. Buy again in dip when BTC at 60k.
Note: It is my personal point of view. It is not a trade, not a market direction, not a financial advice, not a future or spot signal. So, Do your own research before investing.
Be careful, the cycle of history repeats itself! Remember 2022 when $BTC $BTC ed from $48,200 to $16,500 in just a few weeks? Now, in 2024, many expect the value of Bitcoin to skyrocket to $150,000, but let's learn from the past.
Big whales manipulate the market by using mainstream media to attract optimistic investors.
When profits reach their peak, they quickly retreat and leave others in the dust. Don't fall victim to their game!Act wisely. Consider securing your funds now as the Bitcoin price hovers around 70k.
History shows us that Bitcoin may not break $75,000 this year. Protect your investments, be alert! #BullorBear$BNB #MU_Traders
As mentioned in last post on 21 March 2024 BTC t.p 69k and 71k which hitted now. No my efforts it is only blessings of Allah Almighty .
No more talk on previous let's discuss next movement .
Currently #BTC is trading at $69,700. Senerio is bullish still. Next move is upward. Here are two t.ps for which we are looking right now.
T.P:
1. $73,500
2. $75,000
Reason:
Here is full detail for which is will happen.
1. Fundamentally Bullish Senerio of BTC:
You know BTC dump from $73k to 61k but Black Rock not sold in big amount only a little bit amount of BTC he sold. Instead of it stock market holders sold BlacRock BTC shares in greater amount then Black Rock selling of BTC. What is it's means? It's mean Black Rock is not expecting dump from which he can buy BTC more after selling at 70k or 60k. So, he hold BTC and due to of BTC price Rise more stock market holders will buy his shares of BTC now more demand will be created. Black Rock will buy more BTC due to of this share holders buying.
A question rise again here why he buy more BTC on share holders buying as he already not sold his BTC first on holders selling ?
The answer is that he is expecting much higher price in BTC so he will wait to sell these BTC at much higher prices to maximize his profits.
2. Technical Bullish Senerio of BTC :
Technically BTC pumped from liquidity area in symmetrical triangle from $64k and from $63k in falling wedge pattern. Mostly we saw whenever BTC pump after breakout of falling wedge pattern it touches or break previous high. This time again we are expecting same thing in BTC and we are looking for $73,500 and $75,000. In very very short may BTC go to $68,700 area to grab more liquidity but we will looking for T.P only.
This Post target is 150 like and 40 comment.
Theme Of Talk:
BTC next movement is $73,500 and $75,000.
Note: It is #MU_Traders personal analysis and point of view. You need to do your own research before investing.
My account recovered. About 1 months ++ ago my account got banned but now recovered Alhamdulillah. I am now here again to help you in trading, do not miss out next gainers coins signal for that you need to follow me. Follow me to build community again in new way. Do a comment to start my journey with you in a new way.
#bitcoin has a larger market cap than the following companies:
• Visa • Tesla • HSBC • Disney • Walmart • Mcdonalds • Mastercard • Bank of China • Morgan Stanley • Bank of America • JPMorgan Chase • American Express • Berkshire Hathaway
Tell in comments on which topic you need next post?
Understanding Cryptocurrency: The Evolution of Digital Money
#Cryptocurrency represents a revolutionary form of digital or virtual currency that operates on a decentralized network using cryptographic techniques. Unlike traditional fiat currencies issued by governments and central banks, cryptocurrencies are typically not controlled by any single entity. Instead, they rely on blockchain technology—a distributed ledger system—to record transactions securely across a network of computers.
The inception of cryptocurrency can be traced back to 2009 with the creation of Bitcoin by an anonymous person or group using the pseudonym Satoshi Nakamoto. Bitcoin introduced the concept of a peer-to-peer electronic cash system, enabling secure and transparent transactions without the need for intermediaries like banks. The underlying technology that made this possible is blockchain, a decentralized and immutable ledger that records all transactions in chronological order
Bitcoin remains the most well-known cryptocurrency, but a multitude of alternative cryptocurrencies, commonly referred to as altcoins, have emerged, each with its unique features and purposes. Ethereum, for instance, introduced smart contracts, enabling developers to create decentralized applications (DApps) on its blockchain.
The rise of cryptocurrencies has sparked significant interest and debate globally. Advocates praise their potential to democratize finance, supply chain, and healthcare. However, concerns about regulatory issues, volatility, security, and environmental impact remain prevalent.
In conclusion, cryptocurrency represents a groundbreaking innovation in the realm of finance and technology, offering potential solutions to various challenges. Its evolution continues to shape the financial landscape, though challenges regarding regulation, adoption, and technological advancements remain crucial areas of focus for its sustainable integration into the global economy.
You have restricted on Twitter and my previous account has been banned on Binance Square.
LIVE
CZ
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There is a saying in Chinese, "trouble doesn't travel alone". 祸不单行。
Well, I believe this 2nd trouble (my X account got temporarily suspended) is purely from the fact that I changed my profile name. It happened immediately after. The X bot detection algo needs some work, @Elon Musk . It doesn't detect all the bad bots, and wrongly targets the real humans. 🤷♂️😂