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If it was easy then everyone would be here already; when it's hard it means there is an opportunity Once when we enter the phase where it becomes easy to make money it means the the top is within reach Last cycle $BTC ran from 10k to 60k with only one quick pullback; it was easy if you're bought at any point The cycle prior Bitcoin ran from 5k to 20k with no pullback We have not seen that so far, these consolidations have been difficult for many, thus an opportunity is still in front and the top is still not currently within reach based on that so embrace it and hope the easy part is prolonged as BTC moves up #BTC #CryptoWatchMay2024 #bitcoinhalving #buythedip #tradewithBeyondCloud9
If it was easy then everyone would be here already; when it's hard it means there is an opportunity

Once when we enter the phase where it becomes easy to make money it means the the top is within reach

Last cycle $BTC ran from 10k to 60k with only one quick pullback; it was easy if you're bought at any point

The cycle prior Bitcoin ran from 5k to 20k with no pullback

We have not seen that so far, these consolidations have been difficult for many, thus an opportunity is still in front and the top is still not currently within reach based on that so embrace it and hope the easy part is prolonged as BTC moves up

#BTC #CryptoWatchMay2024 #bitcoinhalving #buythedip #tradewithBeyondCloud9
$74k WAS THE BITCOIN TOP Anyone saying such things simply doesn't understand the crypto cycle and on-chain indicators.    Here's why $74k is not the Bitcoin top   1) On-Chain indicators signalling correction    Every major on-chain indicator like the MVRV Z-Score, NUPL, and Pi Cycle Top is indicating a normal correction, which usually happens during every bull run.   2) No Major drop   During the 2017 peak, BTC dropped 50% in a month    During the 2021 peak, BTC dropped 40% in a month   This time, BTC hit a new ATH of $74K on March 14th, and since then, it's only been down 16% in 45 days.   This clearly indicates a mid-cycle correction rather than a blow-off top.   3) Bitcoin pricing in every major FUD   Since Bitcoin Halving, several FUDs like Mt. Gox selling, FBI warning, rate cut delay, and a war situation have hit the market, but BTC is still trading above $60k   This type of strength usually occurs only during a bull market.   4) More Bullish News Coming   From tomorrow, Hong Kong Spot ETFs will start trading   Along with that, the Australian Securities Exchange is also expected to approve Bitcoin ETFs in 2024   FASB rule, rate cuts will happen in 2024 too, and the market hasn't priced in these events.    So, don't overthink the BTC top and use this opportunity to DCA into your favourite coins. #Megadrop #ScamRiskWarning #bitcoinhalving #BullorBear #tradewithBeyondCloud9
$74k WAS THE BITCOIN TOP

Anyone saying such things simply doesn't understand the crypto cycle and on-chain indicators. 
 
Here's why $74k is not the Bitcoin top
 
1) On-Chain indicators signalling correction 
 
Every major on-chain indicator like the MVRV Z-Score, NUPL, and Pi Cycle Top is indicating a normal correction, which usually happens during every bull run.
 
2) No Major drop
 
During the 2017 peak, BTC dropped 50% in a month 
 
During the 2021 peak, BTC dropped 40% in a month
 
This time, BTC hit a new ATH of $74K on March 14th, and since then, it's only been down 16% in 45 days.
 
This clearly indicates a mid-cycle correction rather than a blow-off top.
 
3) Bitcoin pricing in every major FUD
 
Since Bitcoin Halving, several FUDs like Mt. Gox selling, FBI warning, rate cut delay, and a war situation have hit the market, but BTC is still trading above $60k
 
This type of strength usually occurs only during a bull market.
 
4) More Bullish News Coming
 
From tomorrow, Hong Kong Spot ETFs will start trading
 
Along with that, the Australian Securities Exchange is also expected to approve Bitcoin ETFs in 2024
 
FASB rule, rate cuts will happen in 2024 too, and the market hasn't priced in these events. 
 
So, don't overthink the BTC top and use this opportunity to DCA into your favourite coins.

#Megadrop #ScamRiskWarning #bitcoinhalving #BullorBear #tradewithBeyondCloud9
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