The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 70,127.32… BITCOIN - BTC/USD is part of a very strong bullish trend. On the four-hour time frame, Bitcoin is currently trending bullish with the 50 day moving average currently sloping up. Bitcoin's 200 day moving average is sloping up and has been doing so since 3/7/2024 which means the trend is strong. #BTC #HotTrends #BullMarket📈
In a recent interview, macro guru Raoul Pal explained the current market conditions, describing it as “crypto summer,” where prices are expected to surge despite occasional pullbacks. He hinted at the transformative impact of cryptocurrencies, particularly Ethereum and Solana, poised to outperform Bitcoin during this period.
Pal’s bullish outlook is supported by his analysis of the correlation between crypto and macroeconomic trends. He believes the ongoing quantitative easing measures adopted by central banks will continue to drive demand for cryptocurrencies as investors seek alternative assets to hedge against inflation.
Regarding price predictions, Pal suggested that Bitcoin could reach over $200,000 per coin in the near term and potentially hit $1 million by the end of the bull market.
Every time inlaunchpool you will receive between 3% and 8% on the investment of you, however the risk is if BNB devalues during this period of time, as it is "locked" in the launchpool until the launch ends so it retains it value in the market. #Liveupdate #HotTrends #BNB #BTC #write2earn