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🚀💰 Bitcoin Off and Running Into Next Stage of Bull Market! 💰🚀 Two weeks after reaching an all-time high just shy of $74,000, bitcoin is on a relentless climb back toward this pinnacle. Once it conquers this milestone and holds steady above it, brace yourself for potential rapid price expansion! 📉 A supply shock like no other: With the current daily supply of bitcoin from the network hovering around 900 BTC, the buying pressure from just the Blackrock and Fidelity Bitcoin ETFs often surpasses this figure. Plus, with the supply set to halve in April, we're primed for a supply shock of unprecedented proportions. 📈 Bull flag breakout: In the short-term hourly chart, $BTC has already broken out of its bull flag. The projected move for the flag could propel the price to $76,000 and beyond, marking a new high. 📉 Inverse head and shoulders pattern: Zooming out to the 4-hour timeframe reveals bitcoin's play of an inverse head and shoulders pattern, suggesting a measured move to $74,400. Both patterns indicate a trajectory above the previous all-time high. 📊 Correlation with stock markets: Bitcoin's movement is also influenced by the stock markets. Currently, indices like the Nasdaq 100 and S&P 500 are soaring, suggesting further price expansion. For bitcoin, this could mean intensified upward momentum, albeit with inevitable corrections along the way. 🎯 Price targets and uncertainties: While conservative estimates point toward $100,000 for bitcoin, the future remains uncertain. Fibonacci extensions and market dynamics offer insights, but remember, trade carefully and stay informed. 📝 Disclaimer: This article serves for informational purposes only and does not constitute financial or investment advice. Always conduct thorough research and exercise caution in trading decisions. Keep your eyes on the charts and buckle up for the next leg of the bitcoin bull run! 🌟📈 #Bitcoin #BullMarket #CryptoBoom #ToTheMoon 🌕🚀 Follow | Like ❤️ | Quote 🔄 | Comment

🚀💰 Bitcoin Off and Running Into Next Stage of Bull Market! 💰🚀

Two weeks after reaching an all-time high just shy of $74,000, bitcoin is on a relentless climb back toward this pinnacle. Once it conquers this milestone and holds steady above it, brace yourself for potential rapid price expansion!

📉 A supply shock like no other:

With the current daily supply of bitcoin from the network hovering around 900 BTC, the buying pressure from just the Blackrock and Fidelity Bitcoin ETFs often surpasses this figure. Plus, with the supply set to halve in April, we're primed for a supply shock of unprecedented proportions.

📈 Bull flag breakout:

In the short-term hourly chart, $BTC has already broken out of its bull flag. The projected move for the flag could propel the price to $76,000 and beyond, marking a new high.

📉 Inverse head and shoulders pattern:

Zooming out to the 4-hour timeframe reveals bitcoin's play of an inverse head and shoulders pattern, suggesting a measured move to $74,400. Both patterns indicate a trajectory above the previous all-time high.

📊 Correlation with stock markets:

Bitcoin's movement is also influenced by the stock markets. Currently, indices like the Nasdaq 100 and S&P 500 are soaring, suggesting further price expansion. For bitcoin, this could mean intensified upward momentum, albeit with inevitable corrections along the way.

🎯 Price targets and uncertainties:

While conservative estimates point toward $100,000 for bitcoin, the future remains uncertain. Fibonacci extensions and market dynamics offer insights, but remember, trade carefully and stay informed.

📝 Disclaimer: This article serves for informational purposes only and does not constitute financial or investment advice. Always conduct thorough research and exercise caution in trading decisions.

Keep your eyes on the charts and buckle up for the next leg of the bitcoin bull run! 🌟📈 #Bitcoin #BullMarket #CryptoBoom #ToTheMoon 🌕🚀

Follow | Like ❤️ | Quote 🔄 | Comment

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Why Does the Market Pump and Dump? ❗️💹 The cryptocurrency market often experiences sudden pumps (rapid price increases) followed by dumps (rapid price decreases), largely influenced by the actions of large traders, commonly known as "whales." Here are the primary reasons behind this phenomenon: 1. Market Manipulation🎭 Whales possess the capital to significantly sway market prices, often engaging in "pump and dump" schemes to create artificial market movements for their benefit. Pump Phase:🚀 - Buy in Bulk:Whales purchase large amounts of a cryptocurrency, driving up the price. - Create Hype:They spread positive news or rumors, enticing smaller traders to buy in, pushing prices even higher. Dump Phase: 💥 - Sell at Peak:Once prices peak, whales start selling their holdings at elevated prices. - Profit Taking:Large sell orders trigger rapid price declines. - Exit Strategy:Whales exit with substantial profits, while smaller traders who bought at higher prices suffer losses. 2. Market Sentiment and Psychology🧠 Market sentiment can be easily influenced by collective trader behavior. - Fear of Missing Out (FOMO): Rapid price increases trigger FOMO among smaller traders, leading to impulsive buying and further price escalation. - Panic Selling:When prices start falling, these traders may panic and sell off their assets, accelerating the decline. 3. Liquidity Hunting🎯 Whales manipulate prices to exploit liquidity pockets in the market. - Identify Liquidity Zones: Whales pinpoint areas with high liquidity (e.g., many stop-loss orders). - Trigger Stop-Loss Orders:By driving the price up or down quickly, they trigger stop-loss orders, allowing them to buy assets at lower prices or sell at higher prices. Navigating the Market🧭 Understanding these tactics helps traders navigate the volatile cryptocurrency markets and avoid falling prey to manipulation. Stay informed, be cautious, and always analyze market movements critically to protect your investments. 🌟$BTC $ETH $BNB #BTCFOMCWatch #CPIAlert #TopCoinsJune2024 #ETHETFsApproved #FIT21
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