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$BTC 120k very possible Many misconceptions exist in the crypto market, especially among retail investors, who often become overly optimistic during bullish trends. This can lead to significant losses, as seen in previous cycles. Take the 2021-2022 cycle as an example: At the end of 2021, many believed Bitcoin would continue its bull run into early 2022. However, what followed was a distribution phase, where large holders (whales/institutions) began selling off their positions. This caused sharp declines, with Bitcoin dropping throughout 2022 and only starting to recover in mid-2023. A similar pattern might unfold in January 2024: 1. Distribution Phase: After December's rally, January often becomes a period of profit-taking. This selling pressure from whales and institutions can trigger significant corrections. 2. Overoptimism: During euphoria, retail traders often ignore warning signs, believing prices will continue to rise. Historically, early-year corrections have followed late-year rallies, as seen in January 2022 and January 2018. 3. Lessons from 2022: Many investors faced significant losses in early 2022 because they ignored market signals. Learning from this, it's crucial to recognize distribution phases and avoid being swayed solely by market sentiment. To manage risks effectively: Monitor on-chain data, such as large Bitcoin transfers to exchanges. Pay attention to technical patterns, especially resistance levels with increasing sell volume. Stay rational, even during periods of market hype. If historical trends repeat, January 2024 could mark the start of a correction phase, much like the transitions we saw in early 2022 and 2018. Stay vigilant!
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$TKO TKO Coin and TokoCrypto’s Rumored IPO: What’s Driving the Price Surge? Speculations are swirling that TokoCrypto, an Indonesian-based crypto exchange, is planning an IPO to raise $65 million. This rumor has fueled steady, albeit moderate, price increases for the TKO coin in recent days. Interestingly, TKO was recently removed from Binance’s futures market, which has sparked further curiosity among traders. Some believe this might set the stage for a significant pump, potentially driving the coin back to its initial IPO price levels. Is this the calm before the storm? Or are we witnessing a calculated build-up to something bigger? Only time will tell, but TKO is certainly a coin to watch. What’s your take? Could TokoCrypto’s IPO rumors be the catalyst for TKO’s resurgence?
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$BTC the reason btc fall
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$1MBABYDOGE mini doge 🤣🤣🤣
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$USUAL whale start selling
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