$NOT

NOTCOIN is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.0012 Stay tuned for more updates, thanks.

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According to PANews, Bitcoin (BTC) has recently dropped below the $69,000 mark. As of the latest update, BTC is trading at $68,890.70 per coin, reflecting a daily increase of 1.63%.

Market Background
Bitcoin (BTC) has once again demonstrated strong upward momentum, successfully breaking through the $71,000 mark—a significant milestone for the cryptocurrency market. This surge is driven by a combination of factors: the continuous influx of institutional funds, rising global recognition of Bitcoin, its limited supply, and concerns about dollar devaluation. This trend reflects a growing confidence and demand for digital assets.
Analysis of Key Drivers
Institutional Involvement: A growing number of traditional financial institutions (such as Fidelity, BlackRock, etc.) have incorporated Bitcoin into their portfolios. These institutional investors, often with a long-term perspective, help reduce market volatility while injecting substantial capital into the market.Inflation Hedge Demand: As global economies face inflationary pressures, investors seek assets to hedge against currency depreciation. Bitcoin, with its capped supply of 21 million, is increasingly viewed as “digital gold” and an ideal choice for inflation protection.Trend Toward Decentralization: With the growing adoption of blockchain technology, more people are recognizing the value of decentralized assets. Bitcoin, as the first and most recognized digital asset, naturally becomes the mainstream choice.
Future Outlook and Motivation
Bitcoin’s breakthrough above $71,000 represents more than just a price increase; it signifies further market validation of its value. For investors, this is a signal that the crypto market still holds immense growth potential. While short-term fluctuations are possible, Bitcoin’s status as a store of value continues to solidify over the long term.

Investors should stay calm and not be swayed by short-term volatility. This is a time to take a rational perspective on market developments, to continue learning about Bitcoin and blockchain technology, and to support investment decisions with a well-rounded understanding. The future of Bitcoin is full of opportunity, and today’s milestone is just one step on a longer upward journey. A steady, long-term investment mindset will help you reap substantial rewards in the world of digital assets.

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The current market shows that market has moved a bit to 70200 rang what is happening many re in panic about alt coin
In my personal analysis the market is repeating the history of August were btc has crash very hard the same position has been adopted again by btc
many of fresh traders don't know about big crash and whales Manipulation
I told you all don't open any trade especially in long position 🚨 Now the real time has come for biggest ever crash
Only 2% chance is for btc to make al time high and 98% a big crash is expected in this 2 days
#followme #BinanceBlockchainWeek

On Oct 28, 2024, 22:08 PM (UTC). According to Binance Market Data, Bitcoin (BTC) crossed the 70,000 USDT benchmark and is now trading at 70,100 USDT, with a narrowed 3.00% increase in 24 hours.