Bitcoin❗
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This Time, It's Different — The Market Will Collapse And Bitcoin Will Go To Zero!
ABSOLUTELY NOT.
Days like this are painful, and it feels like the whole world is about to collapse. The truth is that such days aren't that exceptional, and Bitcoin and crypto will still be here tomorrow.
If you look at the Bitcoin chart, you will find many similar days or periods. And I bet you can't remember the reasons for 90% of recent dips.
Look at the chart below.
In the middle of the last bull run, Bitcoin dropped by more than 50% (!!!) in just seven days. Does anyone remember the reason? Exactly, me neither. The truth is, just six months later, Bitcoin reached a new ATH, and so did many altcoins.
That doesn't mean the market can't go lower. Sure, it can. But at some point, the market bottoms and will rise again. It may take some months, or it may only take a few weeks—no one knows!
Therefore, if you are sitting on a non-leveraged investment bag, the best advice is to close the charts, enjoy the summer, and come back in a couple of weeks/months.
And if you have some FIAT left, it's probably wise to slowly DCA once the worst is over.
$BTC #Bitcoin❗
ABSOLUTELY NOT.
Days like this are painful, and it feels like the whole world is about to collapse. The truth is that such days aren't that exceptional, and Bitcoin and crypto will still be here tomorrow.
If you look at the Bitcoin chart, you will find many similar days or periods. And I bet you can't remember the reasons for 90% of recent dips.
Look at the chart below.
In the middle of the last bull run, Bitcoin dropped by more than 50% (!!!) in just seven days. Does anyone remember the reason? Exactly, me neither. The truth is, just six months later, Bitcoin reached a new ATH, and so did many altcoins.
That doesn't mean the market can't go lower. Sure, it can. But at some point, the market bottoms and will rise again. It may take some months, or it may only take a few weeks—no one knows!
Therefore, if you are sitting on a non-leveraged investment bag, the best advice is to close the charts, enjoy the summer, and come back in a couple of weeks/months.
And if you have some FIAT left, it's probably wise to slowly DCA once the worst is over.
$BTC #Bitcoin❗
🚨Do you know🚨
The US Federal Reserve is a private entity. It is not governed by the US president.
So even if Donald Trump becomes president, he will need money from the Federal Reserve to buy Bitcoin. And why would he give it? Think About It Suppose if the Federal Reserve gave money to the US government (the President) to buy Bitcoin. So don't you think that instead of keeping dollars in reserves, people will start buying bitcoins. And it is only with dollars that America has dominance in the whole world. So just imagine that Donald Trump is not lying?
That is why the Federal Reserve of any country will never make Bitcoin or other crypto a reserve asset.
#donaldtrump #uselection #FedRateCut #Bitcoin❗ #Jerome_Powell
$BTC $ETH $SOL
The US Federal Reserve is a private entity. It is not governed by the US president.
So even if Donald Trump becomes president, he will need money from the Federal Reserve to buy Bitcoin. And why would he give it? Think About It Suppose if the Federal Reserve gave money to the US government (the President) to buy Bitcoin. So don't you think that instead of keeping dollars in reserves, people will start buying bitcoins. And it is only with dollars that America has dominance in the whole world. So just imagine that Donald Trump is not lying?
That is why the Federal Reserve of any country will never make Bitcoin or other crypto a reserve asset.
#donaldtrump #uselection #FedRateCut #Bitcoin❗ #Jerome_Powell
$BTC $ETH $SOL
$BTC - 56 000$ ✅That accuracy!! 🤩
Yesterday vs Today! (1h and M15 views) 🔥
TP4 taken for us✅
As mentionned also in my latest long term analysis, the 49k - 51K area is the main key support monthly & weekly.
Congrats if you followed me post!
I will update the next step soon!
#bitcoin☀️ #BTC☀ #Bitcoin❗ #Dyor2024 #BTC500K
Yesterday vs Today! (1h and M15 views) 🔥
TP4 taken for us✅
As mentionned also in my latest long term analysis, the 49k - 51K area is the main key support monthly & weekly.
Congrats if you followed me post!
I will update the next step soon!
#bitcoin☀️ #BTC☀ #Bitcoin❗ #Dyor2024 #BTC500K
LIVECrypto_Jobs
--
$BTC - Price analysis:
The price has fallen sharply for a number of reasons, Is there more bad news to come? 👀
For the moment it remains very bearish, but I think we'll see a liquidity trap around 52 000$ before a reversal! 📈
⚠️Key support monthly around 49 400$ (Flat tenkan)
➡️The current price is located on the lower zone of the downtrend channel (daily).
➡️Big weekly support around $52,000 - $50,000
➡️RSI very oversold (comparable to August 2023)!
➡️Bullish divergence M15 is settling in H1
➡️Lagging span line weekly reaches price resistance zone!
➡️Open drive candle weekly at 51 500 - 52 00$ (usually a key zone)
Have you seen my long-term scenario?📈
Personally, I remain in a bullish configuration on a weekly basis.
As long as there's no break of the 49,000 (W) (SSB) zone, I'm still bullish!!
I therefore believe that a short-term bullish rebound will soon take place towards the $56,500 - $57,000 zone! 📈
⭐️Very important levels to watch:
49,400 - 52,000 - 50,000 and $48,000
🐋Tips:
The market never moves in only one direction!
Watch out for volatility and don't try to SHORT the market now, knowing that a strong bullish rebound is just around the corner!
See you soon!
#bitcoin #BTC☀ #Dyor2024 #Bitcoin❗ #btcupdates2024
The price has fallen sharply for a number of reasons, Is there more bad news to come? 👀
For the moment it remains very bearish, but I think we'll see a liquidity trap around 52 000$ before a reversal! 📈
⚠️Key support monthly around 49 400$ (Flat tenkan)
➡️The current price is located on the lower zone of the downtrend channel (daily).
➡️Big weekly support around $52,000 - $50,000
➡️RSI very oversold (comparable to August 2023)!
➡️Bullish divergence M15 is settling in H1
➡️Lagging span line weekly reaches price resistance zone!
➡️Open drive candle weekly at 51 500 - 52 00$ (usually a key zone)
Have you seen my long-term scenario?📈
Personally, I remain in a bullish configuration on a weekly basis.
As long as there's no break of the 49,000 (W) (SSB) zone, I'm still bullish!!
I therefore believe that a short-term bullish rebound will soon take place towards the $56,500 - $57,000 zone! 📈
⭐️Very important levels to watch:
49,400 - 52,000 - 50,000 and $48,000
🐋Tips:
The market never moves in only one direction!
Watch out for volatility and don't try to SHORT the market now, knowing that a strong bullish rebound is just around the corner!
See you soon!
#bitcoin #BTC☀ #Dyor2024 #Bitcoin❗ #btcupdates2024
Bitcoin: That Escalated Quickly!
In Friday's Coffee & Crypto session, we discussed the high risk of Bitcoin dropping to its channel low and the possibility that this might happen this week. And it looks like Bitcoin had no time to lose.
After a massively bearish weekly candle close, Bitcoin dipped immediately to ~52k, dragging altcoins into the abyss.
Currently, the market's fear is incredibly high, reminding me of the Corona crash. However, this time, it is a mix of reasons (Check out this article about the reasons behind the crash).
As already mentioned, the lower channel trendline is the level to watch right now. As long as we stay in the channel and don't have a candle close out of it on a higher timeframe, we're okay. A drop below and confirmation would, IMHO, lead to a longer bearish scenario. In this case, it becomes essential to adjust the mid-term predictions and strategy.
However, I expect the bleeding to end soon. Bitcoin has lost ~25% so far. Since typical Bitcoin corrections are between 20% and 30%, we should see the bottom soon. And then, the above comes into play. In terms of a correction, we should gradually rise again and continue the bullish plan. In case the trendline breaks, we might enter a longer bearish phase.
Let's hope for the best!
$BTC #Bitcoin❗ #crash
In Friday's Coffee & Crypto session, we discussed the high risk of Bitcoin dropping to its channel low and the possibility that this might happen this week. And it looks like Bitcoin had no time to lose.
After a massively bearish weekly candle close, Bitcoin dipped immediately to ~52k, dragging altcoins into the abyss.
Currently, the market's fear is incredibly high, reminding me of the Corona crash. However, this time, it is a mix of reasons (Check out this article about the reasons behind the crash).
As already mentioned, the lower channel trendline is the level to watch right now. As long as we stay in the channel and don't have a candle close out of it on a higher timeframe, we're okay. A drop below and confirmation would, IMHO, lead to a longer bearish scenario. In this case, it becomes essential to adjust the mid-term predictions and strategy.
However, I expect the bleeding to end soon. Bitcoin has lost ~25% so far. Since typical Bitcoin corrections are between 20% and 30%, we should see the bottom soon. And then, the above comes into play. In terms of a correction, we should gradually rise again and continue the bullish plan. In case the trendline breaks, we might enter a longer bearish phase.
Let's hope for the best!
$BTC #Bitcoin❗ #crash
$BTC - Daily update:
-My view yesterday was pretty good!
-I mentioned that the bitcoin price should settle in a range between $50,000 and $57,000 (upper limit).
➡️The short-term price remains bullish, but a double top is setting in on the $56,000 zone (H4 view)! ⚠️
Beware, a 14% rebound has already taken place between yesterday and today!
➡️The price is in a very neutral zone on the H4 view and remains stuck below the downtrend!
In view of the high volatility and uncertainty over the key role of the $50,000 support, I'm expecting a further downward correction (short term).
➡️Zooming in on the M15 view, a rising wedge (bearish pattern) below the H1 downtrend is clearly visible🚨📉
➡️On the daily view, this could be a bearish breakout and retest. The $56,000 - $57,000 zone is a strong resistance zone.
➡️On the weekly view, this could be a bullish retest before a tested upward explosion (SSB). (we must wait for more confirmation)
For the time being, it's hard to know, but I think the price should correct back down towards the $53,000 - $53,000 zone! (minimum).
If you want to take a short position, a stop loss above 57,400 seems safe.
If the downtrend is broken, the upper resistance is around $58,500 (see graph 4).
Watch out for high volatility on the #altcoins , I'm expecting a possible strong short term move on this market!⚠️
#bitcoin☀️ #Bitcoin❗ #BTC☀ #BitcoinUpdate
-My view yesterday was pretty good!
-I mentioned that the bitcoin price should settle in a range between $50,000 and $57,000 (upper limit).
➡️The short-term price remains bullish, but a double top is setting in on the $56,000 zone (H4 view)! ⚠️
Beware, a 14% rebound has already taken place between yesterday and today!
➡️The price is in a very neutral zone on the H4 view and remains stuck below the downtrend!
In view of the high volatility and uncertainty over the key role of the $50,000 support, I'm expecting a further downward correction (short term).
➡️Zooming in on the M15 view, a rising wedge (bearish pattern) below the H1 downtrend is clearly visible🚨📉
➡️On the daily view, this could be a bearish breakout and retest. The $56,000 - $57,000 zone is a strong resistance zone.
➡️On the weekly view, this could be a bullish retest before a tested upward explosion (SSB). (we must wait for more confirmation)
For the time being, it's hard to know, but I think the price should correct back down towards the $53,000 - $53,000 zone! (minimum).
If you want to take a short position, a stop loss above 57,400 seems safe.
If the downtrend is broken, the upper resistance is around $58,500 (see graph 4).
Watch out for high volatility on the #altcoins , I'm expecting a possible strong short term move on this market!⚠️
#bitcoin☀️ #Bitcoin❗ #BTC☀ #BitcoinUpdate
BREAKING NEWS ALERT 🚨🛑‼️
The Cryptocurrency Market: A Perfect Storm of Uncertainty
The cryptocurrency market is facing a tumultuous period, with Bitcoin's value plummeting to $53,000 and altcoins hitting new lows. This downturn has left investors and traders scrambling to understand the underlying causes and potential consequences.
One key factor contributing to the market's instability is the growing uncertainty in the political landscape. The increasing popularity of Kamala Harris over Trump has sparked fears among crypto investors, leading to a decline in market confidence.
Furthermore, the escalating Israel-Gaza conflict has added to the global economic uncertainty, causing investors to adopt a risk-off approach. The poor labor market data has also raised concerns about a potential recession, further fueling the market's downward spiral.
However, despite these challenges, there are signs of potential recovery. Increased global liquidity, particularly from China and Japan, could provide a much-needed boost to the market. Additionally, key indicators such as positive flows in Bitcoin and Ethereum ETFs, gold prices, and dollar/yields may signal a potential market reversal.
In this uncertain environment, investors must remain vigilant and adapt their strategies to navigate the changing market landscape. By understanding the underlying factors driving the market's fluctuations, investors can make informed decisions and potentially capitalize on emerging opportunities.
#Write2Earn! #Bitcoin❗
The Cryptocurrency Market: A Perfect Storm of Uncertainty
The cryptocurrency market is facing a tumultuous period, with Bitcoin's value plummeting to $53,000 and altcoins hitting new lows. This downturn has left investors and traders scrambling to understand the underlying causes and potential consequences.
One key factor contributing to the market's instability is the growing uncertainty in the political landscape. The increasing popularity of Kamala Harris over Trump has sparked fears among crypto investors, leading to a decline in market confidence.
Furthermore, the escalating Israel-Gaza conflict has added to the global economic uncertainty, causing investors to adopt a risk-off approach. The poor labor market data has also raised concerns about a potential recession, further fueling the market's downward spiral.
However, despite these challenges, there are signs of potential recovery. Increased global liquidity, particularly from China and Japan, could provide a much-needed boost to the market. Additionally, key indicators such as positive flows in Bitcoin and Ethereum ETFs, gold prices, and dollar/yields may signal a potential market reversal.
In this uncertain environment, investors must remain vigilant and adapt their strategies to navigate the changing market landscape. By understanding the underlying factors driving the market's fluctuations, investors can make informed decisions and potentially capitalize on emerging opportunities.
#Write2Earn! #Bitcoin❗
$BTC Bitcoin's price is currently $55,780, up 9% in 24 hours. It's down 23% from its 4-month high of $72,689. Predictions suggest:
- Short-term: $48,000-$53,000 in August, possibly dropping below $45,000
- Mid-term: Reaching $65,000-$72,000 by year-end
- Long-term: Surpassing $100,000 by 2028 and $125,000 by 2030
Keep in mind that crypto prices are highly unpredictable and subject to sudden changes.
#Bitcoin❗ #BTCMarketPanic #RecessionOrDip? #MarketDownturn #Saminakhan
- Short-term: $48,000-$53,000 in August, possibly dropping below $45,000
- Mid-term: Reaching $65,000-$72,000 by year-end
- Long-term: Surpassing $100,000 by 2028 and $125,000 by 2030
Keep in mind that crypto prices are highly unpredictable and subject to sudden changes.
#Bitcoin❗ #BTCMarketPanic #RecessionOrDip? #MarketDownturn #Saminakhan
⚠️ MARKET CRASH ⚠️
Most will have seen the red over the past 24 hours or so and most will panic.
With huge amounts of selling happening in the stock markets, the #crypto market has also been heavily affected.
$BTC is trading here in this channel and is so far respecting it well. It has also just hit the $52k support area which is the price that we’ve been watching for the past few weeks.
It’s not a bad idea to add to your bags at these prices as this could be a strong floor.
We shall be monitoring the entire market over the next few days to bring further updates.
#StocksDown #BuytheDips #Bitcoin❗ #HODLHODL
Most will have seen the red over the past 24 hours or so and most will panic.
With huge amounts of selling happening in the stock markets, the #crypto market has also been heavily affected.
$BTC is trading here in this channel and is so far respecting it well. It has also just hit the $52k support area which is the price that we’ve been watching for the past few weeks.
It’s not a bad idea to add to your bags at these prices as this could be a strong floor.
We shall be monitoring the entire market over the next few days to bring further updates.
#StocksDown #BuytheDips #Bitcoin❗ #HODLHODL
Are Crypto whales playing and riding the current Fear sentiment?
Bitcoin whales bought 71,000 Bitcoin during the crypto market downturn earlier this month, making it the fastest rate of accumulation since April 2023. Data from CryptoQuant highlights that Bitcoin whales are now stacking Bitcoin at the quickest pace (on a 30-day moving average) since April 2023, shortly after several U.S. banks collapsed.
Crypto Whales and Market Downturns: A Perfect Storm:
Whales will and can take advantage as follows:
Accumulation: Whales with substantial financial resources can purchase large amounts of cryptocurrency at discounted prices during market downturns.
Market Manipulation: While illegal in most jurisdictions, some whales might engage in manipulative tactics to drive prices down further before buying at rock-bottom prices. This is a risky and unethical practice.
Leveraged Shorting: Whales can use leverage to amplify their profits during downturns by shorting cryptocurrencies. However, this strategy also carries significant risks.
#Bitcoin❗ #BTCMarketPanic #BTC突破7万大关
Bitcoin whales bought 71,000 Bitcoin during the crypto market downturn earlier this month, making it the fastest rate of accumulation since April 2023. Data from CryptoQuant highlights that Bitcoin whales are now stacking Bitcoin at the quickest pace (on a 30-day moving average) since April 2023, shortly after several U.S. banks collapsed.
Crypto Whales and Market Downturns: A Perfect Storm:
Whales will and can take advantage as follows:
Accumulation: Whales with substantial financial resources can purchase large amounts of cryptocurrency at discounted prices during market downturns.
Market Manipulation: While illegal in most jurisdictions, some whales might engage in manipulative tactics to drive prices down further before buying at rock-bottom prices. This is a risky and unethical practice.
Leveraged Shorting: Whales can use leverage to amplify their profits during downturns by shorting cryptocurrencies. However, this strategy also carries significant risks.
#Bitcoin❗ #BTCMarketPanic #BTC突破7万大关
🚨 August: Historically Tough for #Bitcoin❗ 🚨
Will history repeat itself? 📉
🔸 Past Trends:
- 📉 August 2019: -6.6%
- 📉 August 2020: -3.7%
- 📉 August 2021: -1.9%
- 📉 August 2022: -13.9%
🔸 Factors to Watch:
- 🌐 Global economic shifts
- 📊 Market sentiment
- 📰 Regulatory news
🔸 Stay Informed:
- 🕵️♂️ Research
- 📅 Monitor key dates
- 🤝 Engage with the community
Will we break the trend or follow history? 🤔
#InvestingSafety #Blockchain #Investing"
Will history repeat itself? 📉
🔸 Past Trends:
- 📉 August 2019: -6.6%
- 📉 August 2020: -3.7%
- 📉 August 2021: -1.9%
- 📉 August 2022: -13.9%
🔸 Factors to Watch:
- 🌐 Global economic shifts
- 📊 Market sentiment
- 📰 Regulatory news
🔸 Stay Informed:
- 🕵️♂️ Research
- 📅 Monitor key dates
- 🤝 Engage with the community
Will we break the trend or follow history? 🤔
#InvestingSafety #Blockchain #Investing"
📉 Bitcoin Market Alert!
The crypto world is experiencing a significant downturn as Bitcoin's price has plummeted to $54,472.07, marking a 10.06% drop in the last 24 hours. The market saw a high of $61,117.63, only to hit a low of $54,394.80 today. This sharp decline is causing a stir among traders and investors.
Is this just a temporary dip or a sign of a larger trend? Stay informed and make your moves wisely! Let's discuss what's happening and how to navigate these volatile times. 🚀💸
#BitcoinTherapist #CryptoNewss #BTCMarketPanic #Bitcoin❗
The crypto world is experiencing a significant downturn as Bitcoin's price has plummeted to $54,472.07, marking a 10.06% drop in the last 24 hours. The market saw a high of $61,117.63, only to hit a low of $54,394.80 today. This sharp decline is causing a stir among traders and investors.
Is this just a temporary dip or a sign of a larger trend? Stay informed and make your moves wisely! Let's discuss what's happening and how to navigate these volatile times. 🚀💸
#BitcoinTherapist #CryptoNewss #BTCMarketPanic #Bitcoin❗
Bitcoin & Market Updates:🚨📢
The cryptocurrency market 🩸 remains turbulent, with Bitcoin at the forefront ✍️ of this volatility📈📉optimistic about a potential rebound around $58,000📈✅.
1. Despite this, Bitcoin recently encountered a significant triple top rejection, facing substantial selling pressure and high sell 📉 volumes around $49,000✅. This level has proven to be a critical resistance point, leading to concerns about Bitcoin’s short-term trajectory.
2. Ethereum and Other Top Coins:
Ethereum and other major cryptocurrencies are not faring much better. The market sentiment is overwhelmingly bearish, with high selling pressure 📉 dragging prices down, Other top coins are similarly struggling, unable to gain upward momentum amidst the current market conditions.✅
3. Next Turn:⚠️
Looking ahead, the forecast for Bitcoin and altcoins remains cautious. Bitcoin could potentially see a major low 📉 around $38,400 to $41,400🚨 in the coming week.
4. This projection is based on current market dynamics and historical trends. Altcoins, which have been experiencing significant lows 📉 since 2021.👈
5. These situations are likely to continue their downward 📉trend unless there is a substantial shift in market sentiment.The broader market outlook remains uncertain, largely due to macroeconomic factors.
6. The ongoing global recession and instability in the US financial markets are significant contributors to this uncertainty. Until these larger economic issues are resolved, the cryptocurrency market is expected to remain volatile, it may take 2 to 3 weeks or even longer for any semblance of stability to return.✅
Stay Tuned for Quick Signal's 🚦 and Market Updates.👍
$BTC
$ETH
$BNB
#BTCMarketPanic
#RecessionOrDip?
#MarketDownturn
#Bitcoin❗
#BinanceTurns7
The cryptocurrency market 🩸 remains turbulent, with Bitcoin at the forefront ✍️ of this volatility📈📉optimistic about a potential rebound around $58,000📈✅.
1. Despite this, Bitcoin recently encountered a significant triple top rejection, facing substantial selling pressure and high sell 📉 volumes around $49,000✅. This level has proven to be a critical resistance point, leading to concerns about Bitcoin’s short-term trajectory.
2. Ethereum and Other Top Coins:
Ethereum and other major cryptocurrencies are not faring much better. The market sentiment is overwhelmingly bearish, with high selling pressure 📉 dragging prices down, Other top coins are similarly struggling, unable to gain upward momentum amidst the current market conditions.✅
3. Next Turn:⚠️
Looking ahead, the forecast for Bitcoin and altcoins remains cautious. Bitcoin could potentially see a major low 📉 around $38,400 to $41,400🚨 in the coming week.
4. This projection is based on current market dynamics and historical trends. Altcoins, which have been experiencing significant lows 📉 since 2021.👈
5. These situations are likely to continue their downward 📉trend unless there is a substantial shift in market sentiment.The broader market outlook remains uncertain, largely due to macroeconomic factors.
6. The ongoing global recession and instability in the US financial markets are significant contributors to this uncertainty. Until these larger economic issues are resolved, the cryptocurrency market is expected to remain volatile, it may take 2 to 3 weeks or even longer for any semblance of stability to return.✅
Stay Tuned for Quick Signal's 🚦 and Market Updates.👍
$BTC
$ETH
$BNB
#BTCMarketPanic
#RecessionOrDip?
#MarketDownturn
#Bitcoin❗
#BinanceTurns7
#Bitcoin❗ reached $69,000 in 2021 when interest rates were 0.25%.
Today $BTC is $66,000 with an interest rate of 5.5%.
Just imagine what will happen in the next global liquidity cycle.
Today $BTC is $66,000 with an interest rate of 5.5%.
Just imagine what will happen in the next global liquidity cycle.
I warned every investors while you were enjoying your all-time highs on Bitcoin
YOU DONT NEED TO KNOW SOMEONE IS A POPULAR BEFORE YOU BELIEVE THEIR WORDS.
ANONYMOUS IS GOLDEN THESE HOURS LEFT
🚨ALARM UPON ALARM
🫨SCREAM UPON SCREAM
WHILE OTHERS TALK SILLY TO ME IN COMMENT SECTION THINKING BITCOIN WILL NEVER DIP TO THE EXTEND.
WITHIN 4HOURS BEFORE THIS GLOBAL ECONOMIC PANDEMIC, I STILL WARNED THEM EVERYONE.
NOW HERE THEY ARE WANTING TO KNOW MORE OF ME.
☣️NO UPDATE UNTIL SEPTEMBER ☣️
ANONYMOUS IS GOLDEN THESE HOURS LEFT
🚨ALARM UPON ALARM
🫨SCREAM UPON SCREAM
WHILE OTHERS TALK SILLY TO ME IN COMMENT SECTION THINKING BITCOIN WILL NEVER DIP TO THE EXTEND.
WITHIN 4HOURS BEFORE THIS GLOBAL ECONOMIC PANDEMIC, I STILL WARNED THEM EVERYONE.
NOW HERE THEY ARE WANTING TO KNOW MORE OF ME.
☣️NO UPDATE UNTIL SEPTEMBER ☣️
Elon Musk has recently spoken out, issuing a warning about the potential "destruction" of the US dollar and acknowledging the value of Bitcoin. Musk believes Bitcoin has "some value" and notes that other cryptocurrencies are also performing well. He highlighted concerns about the US dollar's stability, citing the $35 trillion national debt which could lead to a potential bankruptcy of the United States.
After the sharp decline in Bitcoin prices in 2022, Musk, CEO of Tesla, had largely refrained from commenting on cryptocurrencies. However, with Wall Street's adoption and shifting perspectives from Republican presidential candidate Donald Trump, Bitcoin's price has rebounded, approaching $70,000 again.
In a recent YouTube interview, Musk expressed his belief in Bitcoin’s advantages and indicated a preference for Dogecoin due to his fondness for dogs and emojis. Musk previously added $1.5 billion in Bitcoin to Tesla’s balance sheet in 2021, which boosted Bitcoin’s price and influenced the broader crypto market. Despite initially planning to accept Bitcoin payments, Tesla later sold most of its Bitcoin to achieve a profitable quarter in 2022, which contributed to a significant drop in Bitcoin prices.
Tesla still holds nearly 10,000 bitcoins, valued at around $650 million. Additionally, Musk has hinted at upcoming upgrades to his Twitter platform (now X), which some traders believe could impact the cryptocurrency market.
Earlier in July, Musk reiterated his concerns about the US dollar's potential downfall and the rising national debt, suggesting that these factors could drive up Bitcoin's price.
#Bitcoin❗
After the sharp decline in Bitcoin prices in 2022, Musk, CEO of Tesla, had largely refrained from commenting on cryptocurrencies. However, with Wall Street's adoption and shifting perspectives from Republican presidential candidate Donald Trump, Bitcoin's price has rebounded, approaching $70,000 again.
In a recent YouTube interview, Musk expressed his belief in Bitcoin’s advantages and indicated a preference for Dogecoin due to his fondness for dogs and emojis. Musk previously added $1.5 billion in Bitcoin to Tesla’s balance sheet in 2021, which boosted Bitcoin’s price and influenced the broader crypto market. Despite initially planning to accept Bitcoin payments, Tesla later sold most of its Bitcoin to achieve a profitable quarter in 2022, which contributed to a significant drop in Bitcoin prices.
Tesla still holds nearly 10,000 bitcoins, valued at around $650 million. Additionally, Musk has hinted at upcoming upgrades to his Twitter platform (now X), which some traders believe could impact the cryptocurrency market.
Earlier in July, Musk reiterated his concerns about the US dollar's potential downfall and the rising national debt, suggesting that these factors could drive up Bitcoin's price.
#Bitcoin❗
GM! Alert 🚨
In the last 24hrs #Bitcoin❗ has been the topic, 1.1billion USDT has been liquidated and others asking why is it dumping and who,how,what is it making it dump so hard.
It could be the rate cut or institutions are selling huge amounts and also historically has it that August is bearish month.
It it time for bearish and should we be worried?
Blu!
#BTC_MarketPanic_Dip #BinanceTurns7 #RateCutExpectations
$BTC $SOL $ETH
In the last 24hrs #Bitcoin❗ has been the topic, 1.1billion USDT has been liquidated and others asking why is it dumping and who,how,what is it making it dump so hard.
It could be the rate cut or institutions are selling huge amounts and also historically has it that August is bearish month.
It it time for bearish and should we be worried?
Blu!
#BTC_MarketPanic_Dip #BinanceTurns7 #RateCutExpectations
$BTC $SOL $ETH
$BTC closes the 4-hour candle with a minor loss, signaling a potential slowdown after a significant downtrend. Support at 58,805.74 holds firm for now, but bears are eyeing a break below. A close below this level could trigger a further drop.
#bitcoin☀️ #BTC #Bitcoin❗ #btcdumping
#bitcoin☀️ #BTC #Bitcoin❗ #btcdumping
