#ETFvsBTC: Win up to 500 FDUSD by sharing your insights!
Step into the #ETFvsBTC campaign and you could win up to 500 FDUSD! 🚀 Share your insights into the comparison between Bitcoin ETFs and direct Bitcoin purchases. Evaluate the pros and cons of each option, and provide valuable insights that could help guide new users!
Campaign Period: 2024-05-10 00:00 to 2024-05-15 23:59 (UTC) To Participate: Use the hashtag #ETFvsBTC when sharing your insights on Binance Square regarding the advantages and drawbacks of investing in Bitcoin ETFs versus directly purchasing BTC. Ensure your post has a minimum length of 600 words. Guidelines: Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified. Winner Selection: Five posts generating the most interaction will each be rewarded with 100 FDUSD.
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Question:- Does Bitcoin has a Future? Answer: While the future of Bitcoin is unknown, retail investors must be very cautious about every move of Bitcoin, as it has witnessed tumultuous before. Moreover, India's stance on Cryptocurrencies continues to be firm, with the government bringing all crypto-related transactions under the ambit of the Money Laundering Act. $BTC
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The price of $ZEN moves in the bottom of its ascending channel in the daily time frame, and in the 4-hour time frame, it was able to break the downward trend line. The price is breaking the resistance level of $9.30-$9.65. It seems that the bulls are buying, and there is a high probability that the price will rise to its previous ceiling of $15.00 and then $18.00.
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Bitcoin Analysis: Did the Bulls Take the Price Again? 🪙
As of May 13, 2024, Bitcoin displays mixed signals in various time zones and technical indicators. The price of the leading crypto asset is currently priced between $62,500-62.750. It saw slightly from $60,776 to $63,156 in the 24-hour range. Despite a 2% increase in recent times, Bitcoin is down 3.6% during the week, showing the inherent volatility and uncertainty of the current market.
The BTC/USD daily chart highlights a consolidation phase with a bearish trend. After approaching $73,000 on April 10, Bitcoin's price was adjusted to a potential bottom around $56,500. The recent recovery seems to lack the volume-backed faith. This shows that the increase may not have strong support. This scenario shows the potential vulnerability where the lack of purchase pressure can lead to further decline, unless more buyers step in.
Bitcoin analysis; The 4-hour chart provides a look at Bitcoin's short-term recovery attempts. Notably, the price recovered from its lowest level of $60,176. He tested the resistance around $63,876. The latest event shows attempts to generate around $62,000 in support. Increased volume during bullish points to a growing buying interest that could support more upward movements if sustained.
On the 1-hour chart, Bitcoin's bullish acceleration is more pronounced, with price movements from $60,600 to over $63,200. The increased volume accompanying these rises indicates a strong buying interest that could keep the price increase going in the near term.
Current readings from key oscillators such as the relative power index (RSI) at 49 and Stochastic at 58 give a neutral look. This indicates that there are no urgent overbought or oversold conditions.
However, negative readings on great oscillator and momentum indicators suggest that he is careful as they point to possible downward pressure or attenuation trends. DYOR
• ¿ Que sera mejor ? invertir en ETF de Bitcoin o directamente comprar Bitcoin ( #ETFvsBTC )
• 🐯_Aquí esta la respuesta : • Los ETF de Bitcoin son una ventaja para quienes se sienten seguros con más regulaciones , en líneas generales esta es una ventaja para aquellos que ya estaban invirtiendo en ETF y se sienten cómodos y seguros con este método de inversión .
• Puntos importantes : Ventajas de invertir en ETF de BTC: • Mas regulación • Facilidad de inversión
•🐯_ Pero se puede considerar una desventaja para aquellos que valoran la independencia y la participación directa en el mundo de las criptomonedas. , Es decir, para aquellos usuarios que ya son inversiones de cryptomonedas y se sienten cómodos siendo los propietarios de la crypto BTC .
• Puntos importantes : Desventajas de invertir en ETF de BTC : • Elimina la propiedad directa de BTC . • Comisiones de gestión
•🐯_ Todo depende del inversor, para algunos es una ventaja y para otros desventajas .
• 🐯_ La única intención de este Artículo es participar en #ETFvsBTC , que fue anunciado por @Binance Square Official en Esta publicación ( 🔗🔍👀 ) • ✅_ Abordamos la consigna de hablar sobre Las ventajas y desventajas de invertir en ETF de Bitcoin frente a la compra directa de BTC .• ✅_ Cumplíamos también con las reglas de que el contenido sea original, informativo y esté basado en incidentes reales . • 🐯_ Aclaración: En ningún momento aconsejo una inversión , siempre haga su propia investigación ( DYOR ) • 🖼️_ Las imágenes de este artículo fueron extraídas del blog de Binance academy • 🔍_ La information de este artículo fue extraída de blogs de Binance y otros medios oficiales .