One of the historical screenshots from last cycle , back then everyone also thought that it was the end of crypto.
Same people saying again that now . đ We all know we are going here . Does it really matter from which point we going higher 54k or 50k ?
Trust on process , most of alts didnt touch ath . Have some patience they will break previous ath . Its now massive shakeout before biggest bull-run Q4-2024 & Q1-2025!!
BlackRock, the worldâs largest investment firm with $9 trillion in assets and issuer of Bitcoin and Ethereum ETFs, recently praised Bitcoin as a hedge against global crises and geopolitical uncertainty. The company stated that Bitcoin offers protection when trust in governments, banks, and fiat currencies is on the decline.
It seems timely that after accumulating Bitcoin at an average price between $30k and $40k over the past two years, they're now launching a marketing push.
The plan could be to promote Bitcoin to the masses, pump its price to $90kâ$120k by mid to late 2025, and then sell off their holdings.
$DOGS is experiencing a bearish trend and is likely to drop to $0.00100 or lower unless $BTC sees a sudden surge.
Currently trading at $0.0010208, the recent price spike appears to have been a bull trap, with weak buying interest suggesting more downside. After a brief rally, bearish momentum is building, and $DOGS could fall to the $0.0009400-$0.0009200 range.
The earlier price increase was misleading, and it looks like the bears are about to take control. Further declines are possible as there's little sign of recovery. Stay cautious for the next downward move!
Owning most of Bitcoin doesn't make it centralized. People investing in Bitcoin through ETFs will eventually learn, after some research, that they should transfer their holdings to decentralized wallets to truly take control of their freedom.
Itâs just a matter of time. Bitcoin can't be stoppedđ
The chart represents global liquidity, which tracks the flow of money in the global economy, expressed as a year-over-year percentage change.
At present, liquidity is growing at an annual rate of over 6%, the fastest increase since April 2022. This follows a recurring four-year cycle of liquidity expansion and contraction. As liquidity increases, asset prices often rise in tandem.
With central banks such as the European Central Bank and the US Federal Reserve expected to lower interest rates soon, even more funds could be injected into the economy.
For Bitcoin to remain at $58,000 and push towards $62,000, it requires an influx of liquidity. Currently, Bitcoin is encountering significant resistance levels, and only with enough trading volume and interest from large market participants can it establish a stronger position.
Liquidity around the $58,000 level is crucial in this context, as it would help stabilize the asset and create an opportunity for further growth. If this scenario unfolds, the next target could be $62,000, although this may take some time, depending on favorable market conditions.
Traders should keep a close eye on the trading volume and liquidity trends at these levels to assess Bitcoin's ability to hold steady at this key psychological threshold. #BTCâ #CryptoMarketMoves
Thereâs a noticeable relationship between USDT dominance (USDT.D) and BTC/USD price movements. Typically, when USDT dominance rises, Bitcoin tends to fall, and vice versa.
At present, USDT.D is moving within an upward channel and is testing its upper resistance. Historically, when USDT.D forms such patterns, Bitcoin often experiences downward pressure. Conversely, when USDT dominance breaks down from these channels, Bitcoin tends to rally strongly.
BTC/USD is currently in a downward channel, signaling possible bearish pressure. However, if USDT.D peaks and begins to decline, Bitcoin could be set for a breakout.
Main takeaway: If USDT dominance breaks down, Bitcoin may see a significant surge. But if USDT.D keeps rising, Bitcoin may continue facing short-term pressure.
A reversal in USDT.D could indicate the next big move for Bitcoin!đ
This is unbelievable! The 2019 fractal chart looks strikingly similar to the 2024 pattern. If Bitcoin keeps following the 2019 trend, we might see some major movement soon. #Bitcoinâ #CryptoMarketMoves