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bullish on Bitcoin
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Sharing some of my biggest December 2024 gains with you guys i am done for 2024.
#BTCNextMove
#MarketPullback
Aviso legal: Se incluyen opiniones de terceros. Esto no representa una asesoría financiera. Puede haber contenido patrocinado.
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#BTCOutlook One of the major factors affecting Bitcoin’s price in recent months has been the broader economic environment. Central banks’ policies, particularly the U.S. Federal Reserve's stance on interest rates, have a direct impact on risk assets like Bitcoin. When interest rates are raised, the cost of holding risk assets increases, which can lead to downward pressure on Bitcoin’s price. On the other hand, when markets expect the Fed or other central banks to pivot and lower rates, there is often a surge in risk appetite, benefitting assets like Bitcoin. In addition, there is ongoing attention on Bitcoin’s use case as a store of value, especially in uncertain times. As inflation concerns rise, some investors may view Bitcoin as a hedge against fiat currency depreciation. On the technical side, Bitcoin’s price action often follows certain key indicators like the 50-day and 200-day moving averages, as well as support and resistance zones. If Bitcoin is currently testing a significant price level, such as a key resistance zone, it could signal the potential for a breakout or a retracement, depending on how the market responds. In summary, Bitcoin's outlook today remains tied to both macroeconomic factors and its ongoing technical developments. While it has long been seen as a high-risk, high-reward asset, Bitcoin's price trajectory continues to be closely watched by both institutional investors and retail traders. For real-time insights, checking live charts and news updates from reliable crypto platforms is crucial to making informed decisions.
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$BTC See my results the trade was posted on my binance square profile earlier got profits
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Tp hit 😎 Shared a BTC short position with SL and TP earlier on my binance square profile successfully closed on take profit level follow my profile for amazing quick setup check my previous and current post #BTCNextMove #MarketPullback
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Short $BTC now Must use mentioned TP and SL #BTCNextMove #MarketPullback
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Some confusion needs correcting: Technically money doesn’t go into the #Bitcoin network but rather the network is valued higher in dollar terms. Remember money doesn’t exist it is simply debt in a Central Bank ledger. The value of Bitcoin in dollars is a human perceived value. The tipping point will approach where dollars, or debt, is valued in Bitcoin - the other way around. #BTCNextMove #MarketPullback
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