$BTC encountered rejection at the $65,000 resistance level, | IsK Crypto on Binance Square

Trending Articles

Bookmarked and Liked

--

$BTC  encountered rejection at the $65,000 resistance level, resulting in a decline to below $62,000. We may experience some consolidation in the near term. The support and resistance levels continue to hold steady.#BinanceSquareFamily 

0 people tipped the creator.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

3.9k

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@ibrahimkhan321

Explore More From Creator

WHAT IS DCA DCA, or Dollar-Cost Averaging, is an investment strategy used in cryptocurrency (and other asset classes) where an investor consistently buys a fixed dollar amount of an asset at regular intervals, regardless of its price. This approach helps mitigate the impact of volatility and reduces the risk of making large investments at unfavorable prices. Key Points About DCA in Crypto: 1. Reduced Impact of Volatility: By spreading out purchases over time, investors can avoid the pitfalls of trying to time the market, which can be especially challenging in the highly volatile crypto market. 2. Long-Term Strategy: DCA is typically viewed as a long-term investment strategy. It encourages a disciplined approach to investing, which can help in accumulating assets over time. 3. Psychological Benefits: DCA can help reduce the emotional stress of investing. Since purchases are made regularly, investors may feel less pressure to make decisions based on short-term price movements. 4. Automation: Many exchanges and trading platforms allow users to set up automatic purchases, making it easier to stick to a DCA strategy without having to monitor the market constantly.#Dca #Follow for More💰💰

--

It's important to avoid over-diversifying by investing small amounts in too many coins, such as spreading $10 across 20 different assets. A more effective strategy is to focus on 5 or 6 carefully selected coins, with substantial holdings in each. For example, if you're investing in GALA, aim for a meaningful quantity, like 15,000 coins, to truly benefit from price movements. Many investors make the mistake of putting $20 into 30 different coins, which dilutes potential gains. By holding fewer coins in larger quantities, long-term holders can better position themselves for significant returns and reduce the need for constant market monitoring.#BinanceSquareFamily Follow For More💰💰

--

Despite ongoing price consolidation and capital outflows, Glassnode analysts emphasize strong confidence among new investors. Short-term holders (STHs) have incurred relatively modest realized losses compared to their cost basis, reflecting greater confidence than seen in previous bearish cycles. This resilience among newer market participants suggests a stronger conviction, even in the face of current market conditions.#BTC☀ #ETH🔥🔥🔥🔥 Follow For More💰💰

--

According to Glassnode, $BTC cost basis dynamics are showing a positive trend, with newer investors playing a key role in influencing price movements. Investors who have held $BTC for 1 week to 1 month now exhibit a lower cost basis compared to those holding for 1-3 months, indicating early signs of a potential accumulation phase. While short-term holders are experiencing capital outflows, this could signal the entry of stronger hands, as long-term investors capitalize on lower prices, potentially laying the foundation for future growth. #BTC☀ #Follow for More💰💰

--

$HBAR is currently testing a significant resistance level, with the initial attempt facing rejection. A retest of this key area may occur in the coming days. It is prudent to wait for a decisive breakout before considering new entry positions. #HBAR_usdt #Follow For More💰💰

--

Latest News

Bitcoin(BTC) Drops Below 65,000 USDT with a Narrowed 2.51% Increase in 24 Hours

--

Tornado Cash Developer Roman Storm's Trial To Proceed In December

--

Visa And Mastercard Accused Of Anti-Competitive Practices

--

SEC To Pursue Changes In Exchange And Trading System Definitions

--

Avalanche Token AVAX Rises Amid Major Network Upgrade

--

Trending Articles

🚨 Major Announcement: Blum Now Listed on Binance! 🚨

will $HMSTR turned back or keep crashing down?

Vitalik 2049 speech full text: Why sing Hayao Miyazaki's "Castle in the Sky"? The inspiration of Ethereum

吴说区块链

Community Backlash Against $HMSTR: WHY Community Make Bycott? Did You Do?

Here’s Why Shiba Inu Price Is Soaring

Cookie Preferences

ba-one-trust-cookie