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$BTC The market becomes very fragile near the ATH levels, which I think is the main reason why we saw yesterday's breakdown. Market broke down due to a news regarding huge number of $BTC being moved by the Mt. Gox into unknown wallets. However, we saw a clarification today that these transfers were routine ones, for the upcoming distributions planned by Mt. Gox. So there isn't much to worry about, except the fact that now negative emotions and FUD have taken over the emotional traders. I strongly believe that the market rewards only the patient traders, and we should see a recovery soon. The monthly close is also nearing, May's candle is still green and is likely to close green, which would be a strong signals of a bullish trend. The emotional traders and panic sellers will likely be left behind. For now we are retesting a critical support level i.e. 67k-68k. We should look for it to hold and to give us this month's close above 67k to confirm a strong bullish trend. This is not an investment advice, readers should invest after doing their own research of the market trends. I do not take any responsibility of losses incurred to the readers. #DYOR #NFA #BTC #MtGox

$BTC

The market becomes very fragile near the ATH levels, which I think is the main reason why we saw yesterday's breakdown. Market broke down due to a news regarding huge number of $BTC being moved by the Mt. Gox into unknown wallets. However, we saw a clarification today that these transfers were routine ones, for the upcoming distributions planned by Mt. Gox. So there isn't much to worry about, except the fact that now negative emotions and FUD have taken over the emotional traders.

I strongly believe that the market rewards only the patient traders, and we should see a recovery soon. The monthly close is also nearing, May's candle is still green and is likely to close green, which would be a strong signals of a bullish trend. The emotional traders and panic sellers will likely be left behind.

For now we are retesting a critical support level i.e. 67k-68k. We should look for it to hold and to give us this month's close above 67k to confirm a strong bullish trend.

This is not an investment advice, readers should invest after doing their own research of the market trends. I do not take any responsibility of losses incurred to the readers.

#DYOR #NFA #BTC #MtGox

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$BTC With ETFs bringing in net inflows and adding to the buy pressure, BTC still looms around 69800 and is attempting to reclaim 70k. Healthy buying activity today has pushed the price above 69500, and from the looks of it, BTC might reclaim 70k. However, only a reclaim of 71200 and a confirmed support at 70k could be termed as a confirmation of a further bullish movements. This week is a very important week for BTC and for the crypto market, we are likely to see a substantial move in either direction, but a bullish reclaim of 72k and a challenge to the current ATH of above 73800 seems more likely keeping in view, an increased interest from the investors. This is not a financial advice, do your own research before investing. #btc73k #BullRunAhead
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$BTC As expected, the last pullback could be attributed to the increasing FUD at the higher price levels. However, the questions that need to be asked are whether BTC would be able to recover? and whether we could see more of such flash dumps in the near future while BTC attempts to make new ATH? The recovery I believe has already begun and if BTC crossed above 71k, it would be a good sign of bullish sentiment. For now, we have seen 69200 confirmed as a good support, which has given a push above 69500. As far as such flash dumps occuring in future is concerned, their liklihood cannot be denied. FUD increases as BTC starts trading over 71-72k, it puts traders in a difficult position where they are afraid that if they buy BTC at such high levels there is a chance that their capital could be stuck for years until they are able to sell it in profit. Having said that, the more attempts we make at the higher levels, the more confidence it will give to the buyers to purchase. Right now we have somewhat of a balance of FUD vs FOMO at 69-71k. Once FOMO takes over, prices would be pushed higher and higher, then we will more likely see flash pumps. This is not an investment advice, you should rely on your own research while investing. I take no responsibility of loss incurred to the readers. #BTC #corrections #FOMO #FUD
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$BTC Many of the traders still believe that BTC would see lower levels, but from the strength BTC has gathered during the last few days, it appears that they'll be proven wrong. For now bears are filling up their shorts, there is a very strong liklihood that BTC will give a push towards the ATH within this week. It needs to be seen what reaction we get around the ATH to get a clearer picture. However, everything is pointing toward a bullish momentum and we may very well see a smooth ride through the ATH and a new ATH forming at a much much higher level. Hang on tight and manage your risks accordingly. Don't be a victim of FUD, we have come a long way and we have to go an even longer way hopefully. This is not a financial or investment advice, rely on your own research before investing in the market. #NFA #NewATH #btc73k
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$BTC ETFs have shown a net inflow of 12,165 BTCs in a single day on June 5, 2024, with the leading inflow of 5,378 BTCs by Fidelity's ETF. Institutional investors have perhaps started a buying frenzy due to the FOMO. If this buying continues at such pace, we could see BTC at 100k in the near future. #BTC #btcpumping
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$ETH Blackrock has confirmed that they have planted $10 million as seed money for ETH ETFs, whereas BTC seed funding was only $100k. This gives an indication that institutional investors are a lot more interested in ETH as compared to the BTC, and why should they not be? ETH has much more usage value and is being adopted by many institutions. It would important to observe the inflows soon after ETH ETFs go live and start trading on exchanges. We could witness a substantial increase in the ETH price soon after ETFs start trading and money starts pouring into ETH. Also remember, this could kick start a wonderful alt season, and there is also a liklihood of ETH breaking free from the BTC price movements. We have wonderful times ahead. Let's be prepared for this bull run. This is not an investment advice, readers should do their own research before making investments. I will not be responsible for any loss incurred to the readers. #ETHETFsApproved #altcoins #ETH
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