▫️Bitcoin is forming a symmetrical triangle pattern and looks like it's about to break down. ▫️If it does, the price may fall to its support level at $60,000. ▫️If $60,000 doesn't hold, the price might drop to $59,000, where it could potentially bounce.
The market is bearish, but we're still making profits even in this condition. What more could you expect?😎 The trade on Render Coin performed exactly as expected. We gained a 20% profit from our entry. Expected it will continue its Bullish move. We will share moere such profitable trades, so stay active and pin our channel at the top.🔥
𝟭𝟬𝟯,𝟬𝟬𝟬 𝗕𝗧𝗖 worth $6.35 billion has been added to OTC desk wallets in 1.5 months. The #Bitcoin price is falling and the OTC balance is increasing. This shows that there are still not many buyers. Until this changes, the #BTC price downtrend or consolidation will continue.
𝗪𝗮𝘀 $𝟱𝟴,𝟲𝟬𝟬 𝘁𝗵𝗲 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗕𝗼𝘁𝘁𝗼𝗺? Yesterday, BTC crashed below $59,000 due to Mt. Gox BTC dump fear This is not the first time Mt. Gox FUD has dumped the market. Here are the past 3 instances 𝟲𝘁𝗵 𝗠𝗮𝗿𝗰𝗵 𝟮𝟬𝟮𝟯 BTC was trading at $22.4K and dropped to $20K, which was the bottom. 𝟮𝟮𝗻𝗱 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟯 BTC was trading at $37K, and it dropped to $36K and never went below that. 𝟲𝘁𝗵 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰 BTC was trading at $44K, and it dumped to $40K, which has been the 2024 bottom. Every time Mt. Gox FUD has hit the market, #BTC has dropped 10%–15% and made a local bottom. #Bitcoin #Altcoincrash #Crypto
Yesterday, the CEO of DELL and the World's 10th Richest man posted about #Bitcoin. ➬ DELL has a MCAP of $102B and has $14B in Treasury ➬ DELL holds $6B in cash and cash equivalents, which could be put into #BTC ➬ Also, just like Michael Saylor, Michael Dell also has a controlling vote, which gives him the power to deploy that cash into BTC ➬ Remember that the FASB rule will go into effect in 2024, which will make it easier for companies to hold BTC. ➬ IMO, many big companies will put their cash into BTC, and DELL could be the one to do that first, which will start a domino effect. ➬ Right now, US companies hold over $1T in cash on their balance sheet, which is losing its value. ➬ Even if 10% of that comes into BTC, the price of BTC will go to the moon.
Bitcoin is unable to hold its trendline support and has broken below it. A bullish move will only be seen if it reclaims its position above the trendline. Historically, whenever MicroStrategy buys Bitcoin, we see a drop, and the same has happened this time. Stay tuned for more information ℹ️
Starting your way in crypto, I'd ask you to do yourself 1 favor
BUILD AN EMERGENCY FUND
No matter if you want it or not.
You should have at least 6 months of your spending in cash.
That should be your first step before investing in crypto. Not finding the next x100 meme coin, not finding the best wallet to store tokens.
But to make sure you have enough cash if anything bad happens.
And that's not super hard:
• Identify how much you should have in cash(so you can cover 6-12 months of your life) • Put away all your free money • Once you reach at least the 50% of the sum - start investing • Don't stop building your emergency fund until you reach your end goal • Don't spend that money unless it's something super urgent and crucial
And the most important - don't be scared, just start.
In a few months, you'll be so thankful 👍
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