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Vero 😂 #cryptomemes #Binance #crypto2023 #BTC
Vero 😂
#cryptomemes
#Binance
#crypto2023
#BTC
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BREAKING 🚨 Block 840,000 Received 40 $BTC Reward! 40 Bitcoin - $2,548,100 Congratulations Everyone! 🥳🥳🥳🥳 #bitcoinhalving
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#Bitcoin from a macro perspective is looking solid and on track which shows that the cycle top in this cycle is far from being reached. Historically, pre-halving correction tends to be a big opportunity for accumulation which usually brings about huge returns: 2012 halving: 10,000% profit 2016 halving: 3,000% profit 2020 halving: 700% profit 5/5
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#Bitcoin - Bears are making a big mistake ? There is an inverse correlation between USDT dominance and Bitcoin. If you look at the dominance chart, it has been in a downtrend since the Bitcoin bottom, and it recently broke below the 5% mark [red box]. Currently the dominance is re-testing the point of breakdown which looks like a bearish re-test On the other hand,If you look at BTC, it has closed one of its highest weekly candles and is testing its previous all time high, which looks like a bullish re-test Yes, BTC is down about -19% from its recent highs, but this is very normal and in this cycle we've already seen 4 such corrections between -20% to -23% since the bottom. There might be a bit more downside left, but selling now could be a mistake. If USDT dominance gets rejected and BTC holds its current levels, we might see another upward move soon..
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