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#BTC dipped down exactly as predicted and made a strong bounce from it. Price Right Now, struggling from there to break out of the resistance area of $69,600 - $70,000. IF we look into weekly closing, weekly candle made a retest back to the support and large wick which shows strong rejection. Hopefully, we can expect to see a #ATH break too. #BTC #HotTrends

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One of the classic patterns observed during Bitcoin bull markets is a transfer of wealth from old to young. Investors who accumulated BTC at cheaper prices several months to years in the past, tend to accelerate their distribution pressure as new ATHs are reached

Main Point is, This wealth transfer is once again in play, with the proportion of wealth held by 'Young coins' (moved within the last 3-months), increasing by 138% since October 2023. This reflects a net expenditure by longer-term investors who had previously held their coins for at least 3-months. contact me for bearish market strategy let's make money together
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#BTC just made the drop from newly made resistance zone and broke the minor supports. Price is expected to reach the support zone of $64,800 - $66,000, where a reversal is expected. Market is correcting itself which is a good to see as it will lead to a healthy market movement ahead. if you need strategy for this bearish market hit me up let's chat +1 (786) 983-3085 #HotTrends #BTC #pepe #ETH