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šØ BREAKING šØ THREE BITCOIN AND ETHEREUM SPOT ETFS IN HONG KONG HAVE OFFICIALLY STARTED TRADING. BULLISH š„ #HKETF #BTC #BullorBear
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This is called a Bitcoin banana effect We saw a massive pump in 2011, 2014, 2019, 2022 and If this plays out again we can see BTC $250k - $300k as the new bull market high. Multiple countries are approving spot ETFs, Funds buying billions worth BTC. Donāt ignore the signs. #BTC #BullorBear #Memecoins #HKETF #bitcoinhalving $BTC
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$74k WAS THE BITCOIN TOP Anyone saying such things simply doesn't understand the crypto cycle and on-chain indicators.Ā Ā Here's why $74k is not the Bitcoin top Ā 1) On-Chain indicators signalling correctionĀ Ā Every major on-chain indicator like the MVRV Z-Score, NUPL, and Pi Cycle Top is indicating a normal correction, which usually happens during every bull run. Ā 2) No Major drop Ā During the 2017 peak, BTC dropped 50% in a monthĀ Ā During the 2021 peak, BTC dropped 40% in a month Ā This time, BTC hit a new ATH of $74K on March 14th, and since then, it's only been down 16% in 45 days. Ā This clearly indicates a mid-cycle correction rather than a blow-off top. Ā 3) Bitcoin pricing in every major FUD Ā Since Bitcoin Halving, several FUDs like Mt. Gox selling, FBI warning, rate cut delay, and a war situation have hit the market, but BTC is still trading above $60k Ā This type of strength usually occurs only during a bull market. Ā 4) More Bullish News Coming Ā From tomorrow, Hong Kong Spot ETFs will start trading Ā Along with that, the Australian Securities Exchange is also expected to approve Bitcoin ETFs in 2024 Ā FASB rule, rate cuts will happen in 2024 too, and the market hasn't priced in these events.Ā Ā So, don't overthink the BTC top and use this opportunity to DCA into your favourite coins. #BTC #bitcoin #BullorBear #bitcoinhalving #Memecoins
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šØ BREAKING šØ RUSSIA PLANS FOR TOTAL BITCOIN BAN AMID GEOPOLITICAL TENSIONS RISE. THEY WILL ONLY ALLOW DIGITAL RUBLES NOW. THE NEED FOR A BAN IS BECAUSE BITCOINĀ IS A CURRENCY THAT REPLACES THE RUBLE AND THEN "THEY'LL FIGHT YOU" PHASE HAS STARTED #BTC #bitcoin #BullorBear
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Youāll lean more from losing $10 of your own money in the market than from losing $1,000,000 in a practice trading account #BTC #bitcoin #BullorBear
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