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Bitcoin: What If We Are Wrong ?? 👇1-12) George Soros's "two opposing theories" concept refers to his conflicting market views, allowing him to flexibly respond to changing conditions. Soros would develop a hypothesis for either market direction, jumping on the hypothesis that the market was confirming. 👇2-12) Bitcoin has followed predictable cycles, a fact that many of the most prominent crypto experts preach but seem to overlook at turning points. For instance, in November 2021, when the last bull market peaked, none of them advised cashing out. Similarly, in Q4 2022, when Bitcoin was expected to dip to 12,000, they failed to recommend buying. 👇3-12) All our analysis is based on quant analysis, and on October 28, 2022, we suggested it was time to buy and that Bitcoin could rally to 63,160 into the 2024 Bitcoin halving (+215% upside, actual halving price: 63,491). We also suggested on February 1, 2023, that Bitcoin could rally from 22,000 to 45,000 by Christmas (+100% upside, actual price on X-mas: 43,613). For 2024, we suggested Bitcoin could rally to 70,000 (+70% upside) based on the risk of diminishing cycle returns. We wanted narrative confirmation before committing to much higher Bitcoin price targets. 👇4-12) Read the full note here:https://mail.10xresearch.co/p/bitcoin-wrong #BTC

Bitcoin: What If We Are Wrong ??

👇1-12) George Soros's "two opposing theories" concept refers to his conflicting market views, allowing him to flexibly respond to changing conditions. Soros would develop a hypothesis for either market direction, jumping on the hypothesis that the market was confirming.

👇2-12) Bitcoin has followed predictable cycles, a fact that many of the most prominent crypto experts preach but seem to overlook at turning points. For instance, in November 2021, when the last bull market peaked, none of them advised cashing out. Similarly, in Q4 2022, when Bitcoin was expected to dip to 12,000, they failed to recommend buying.

👇3-12) All our analysis is based on quant analysis, and on October 28, 2022, we suggested it was time to buy and that Bitcoin could rally to 63,160 into the 2024 Bitcoin halving (+215% upside, actual halving price: 63,491). We also suggested on February 1, 2023, that Bitcoin could rally from 22,000 to 45,000 by Christmas (+100% upside, actual price on X-mas: 43,613). For 2024, we suggested Bitcoin could rally to 70,000 (+70% upside) based on the risk of diminishing cycle returns. We wanted narrative confirmation before committing to much higher Bitcoin price targets.

👇4-12) Read the full note here:https://mail.10xresearch.co/p/bitcoin-wrong

#BTC

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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#Bitcoin Surges Again: Traders Asking If This Bull Market Can Last? 👇1-12) During our tenure as portfolio managers at Millennium, one of the world's premier hedge funds renowned for its stellar risk-adjusted returns and stringent risk management, we often heard invaluable advice: “The market opens every day." Despite the allure of quick gains (FOMO), we remain committed to rigorous risk management and thorough analysis, ensuring opportunities are always ahead without compromising our standards. 👇2-12) Bitcoin is roughly back to the same level (64,000) when we emphasized that prices could fall back to 52,000/55,000 a week ago. In that report (on April 25), we showed how Bitcoin tends to sell off on higher inflation data BUT rallied after the FOMC meeting on March 20 – until another higher inflation data point was released. Bitcoin did decline but narrowly missed our entry buy zone by a tiny 3% margin (actual low 56,500). The decline from 68,300 when we emphasized cutting longs was -17%. 👇3-12) Identifying the right entry point is key in achieving a high-risk-adjusted return, especially in the absence of a larger bull market where prices can surge 2-5x. When the 60,000 level was breached, the nearest technical support was the 52,000/55,000 area. Interestingly, the Bitcoin rebound wasn't triggered by the FOMC meeting but by a well-timed comment from Blackrock about the (apparent) growing interest of sovereign wealth funds and pension funds in Bitcoin ETFs, which then accelerated on weaker employment data on May 3. 👇4-12) Read the full report here: https://mail.10xresearch.co/p/bitcoin-surges-traders-asking-bull-market-can-last #BTC
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