. Here's a basic trade setup for Bitcoin $BTC
*Trade Setup:*
- *Entry:*
- Buy: $28,500 (current price)
- Stop Loss: $27,500 (3% below entry)
- *Take Profit:*
- Target 1: $30,000 (6% above entry)
- Target 2: $32,000 (12% above entry)
- *Risk Management:*
- Risk-Reward Ratio: 1:2 (limiting potential loss
#btc70k #btcbullish #BlackRock #MicroStrategy #WhalesWinning BlackRock is a global investment management company that is one of the largest asset managers in the world. In the context of Bitcoin, BlackRock has been mentioned in various news articles and discussions due to its potential interest in the cryptocurrency market.
In 2020, BlackRock's CEO, Larry Fink, stated that Bitcoin is still a relatively small asset class, but it has the potential to evolve into a more widely accepted asset class. He also mentioned that BlackRock is monitoring the development of Bitcoin and other digital currencies.
In 2022, BlackRock launched a blockchain-focused exchange-traded fund (ETF), which invests in companies involved in the blockchain and cryptocurrency ecosystem. This move was seen as a sign of increasing interest in the cryptocurrency market from traditional financial institutions like BlackRock.
It's worth noting that BlackRock has not yet invested directly in Bitcoin or any other cryptocurrency, but its interest in the space is seen as a positive sign for the future of digital assets.
