The current outlook for Wormhole (W) coin suggests a projected price surge to $41.70 by April 8, 2024, reflecting a significant 29.70% uptick over the next five days. However, remember that the cryptocurrency market is notoriously volatile, so exercise caution and conduct thorough research or consult with financial experts before considering any investment moves.
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$BTC is currently facing significant resistance around the $72,000 mark, failing to break through and even dipping below the $67,000 support zone. With the current trading price hovering around $66,000, the next critical support lies at $65,000. A breach below this level could lead to further declines, with potential targets at $63,000 and $61,000 to $60,500. Should the $60,500 level fail to hold, we might witness a deeper correction towards $58,000 to $56,000.
The lead-up to each Bitcoin halving event has had its own unique story. Before the 2012 halving, BTC saw a 46% dip from its ATH, while in 2016, it was down 41%. By the time the 2020 halving approached, Bitcoin had experienced a significant 62.5% drop. Fast forward to today, just 18 days before the 2024 halving, BTC is only down 10% from its ATH. The numbers paint an intriguing picture, suggesting a potentially different narrative unfolding this time around. 🌟
📉 $BTC in Falls: Why Is This Analyst Expecting A Strong Bounce To $80,000? 🚀📉 📉 Bitcoin remains under pressure as of April 2, but one optimistic analyst points to a potential breakout above a formation that could propel the price to $80,000. 🚀 📈 Despite the current dip, the analyst notes a bullish pennant formation on the daily chart. If buyers step in, rejecting lower lows, Bitcoin may surge above recent all-time highs and reach new territories. 📈 📉 Bitcoin is down 5% in the past 24 hours and 7% in the last week, trading around $66,000. It's 11% below all-time highs and under pressure, trading below the middle BB, indicating sellers are in control. Further losses might lead to a test of crucial support levels. 📉💼 ⏳ Traders await developments, with sellers currently in control despite optimism. A bear breakout below the pennant could drive prices towards $60,000, while rejecting lower lows could pave the way for higher highs towards $73,800. ⏳🐻📈 💡 Potential catalysts for further gains include the highly anticipated halving event, which could see prices rise with emission rates slashed by 50%. Institutional demand, however, appears to be slowing down. 💰📉 #viralmypost#HotTrands#BTC.........
These are the ATH levels I determined with my personal calculations. Future good and bad news will change my expectations. It does not contain any reality or investment advice. Remember, the market goes up and down. It will not lead directly to these goals from here. The process will be painful. I think my target expectations will be easily met for many. #HotTrands#BTCUSDT.
📈🚀📉🔺 The black swan that occurred when Bitcoin was halved last time, 90% of people liquidated their positions on that day March 8, 2020 ETH suddenly fell from $250 to $210, a drop of 17%. BTC fell from $9,200 to $8,300, a drop of 10%. The rebound was going very well, but suddenly it fell, and everyone was panicking. March 9, 2020 The U.S. stock market announced its first circuit breaker, and the market plunged again ETH fell from $210 to $190, a drop of 10% BTC fell from $8,400 to $7,700, a drop of 8% After two consecutive days of plummeting, the Air Force was having a great time, and the vast majority of the Air Force had closed their positions.
Bitcoin (BTC) has experienced a 2.13% increase in price in the last 24 hours, hovering around $71,380. Short-term traders should monitor the $70,912 level closely; a daily close above it could pave the way for a test of the $72,000 zone tomorrow. Looking at the broader picture, bullish momentum seems dominant, with a potential breakout signaling a move towards a new all-time high. On the weekly chart, buyers appear to be taking control, particularly if the closing price exceeds $73,000 without significant wicks. In such a scenario, a swift climb towards $75,000 could be imminent.
Bitcoin is currently striving to surpass the psychological barrier at $72,000, facing increased selling pressure in the range from $71,400 and beyond. I anticipate Bitcoin reaching new highs before the halving, and I'm strategizing my trades accordingly. Post-halving, I expect a slight adjustment, and I'm preparing for that as well. Remember to only take risks within your means.
In 2 days, Bitcoin will officially enter the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving In 2020, this retrace was -20% deep In 2016, this retrace was -40% deep Currently, $BTC is 30 days away from the Halving and has pulled back -11% this week
In Dubai, UAE, the cryptocurrency scene is buzzing with optimism as Bitcoin prepares for its halving event. Despite a recent 13% dip from its all-time high, experts believe the bull cycle is far from over. New investor participation remains below peak levels, signaling room for growth. Current valuation metrics haven't peaked yet, and with 48% of Bitcoin held by short-term investors, there's potential for a rebound reminiscent of mid-2019. The impending halving, slated for April 20, is expected to trigger a significant price surge, historically preceding bull markets. Predictions from Standard Chartered Bank hint at a potential $150,000 valuation by year-end, with a cycle top of $250,000 in 2025. This positive outlook is supported by the performance of spot Bitcoin ETFs and unique market dynamics. Despite inherent risks, the future looks promising for Bitcoin investors in the UAE and beyond.
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Throughout this week, the BTC spot ETF witnessed continuous net outflows, totaling $887.75 million and a reduction of 13,596 BTC holdings. Consequently, Bitcoin experienced a correction, dropping by $8,000 from $68.7K to $60.7K. However, the outflow trend has been diminishing, reaching only $51.6 million on 3/22. This decline suggests a potential reversal, hinting at a forthcoming net inflow of funds in the upcoming week.
On 3/22, ten BTC spot ETFs recorded a net outflow of $51.6 million, equivalent to approximately 807 BTC exiting the ETF custody address after the U.S. stock market opens on Monday (3/25). Specifically, Grayscale (GBTC) witnessed an outflow of around 2,657 BTC ($169.94 million), while the remaining nine ETFs experienced an inflow of roughly 1,850 BTC ($118.34 million) on the same day. As of now, these ten BTC spot ETFs collectively hold 824,214 BTC, valued at $52.71 billion. #HotTrends#viralmypost#Viralmyfeed
The recent surge in the cryptocurrency market, driven by factors like the approval of Bitcoin ETFs, has sparked questions about what comes next. With a market cap increase of 60% since January, crypto remains smaller than gold and major tech companies like Microsoft. Despite initial skepticism, the ETF approval has fueled significant inflows, leading to supply/demand imbalances that boost prices. Institutional investors are driving much of this demand, indicating a shift towards a more mature and less volatile market. However, for crypto to truly go mainstream, it needs more real-world applications beyond niche sectors. While Bitcoin and Ethereum have led the recent rally, altcoins are yet to shine, suggesting potential for further growth. Managing risk in this space is akin to early-stage venture capital investing, with only a handful of cryptocurrencies likely to have long-term impact. Diversified investment strategies, such as index funds, offer a prudent approach to navigate the crypto landscape and avoid chasing short-term trends.
95% of people who have tried trading Futures have lost their money. It's a very bad idea. Don't try trading when you're not a trader, and don't think you're a trader just because you've made money investing in cryptos. People study for years to become traders: it's not for nothing, and if it were so easy, believe me, Futures wouldn't exist, simply because crypto exchanges would lose their money.
If you've made money in Futures trading for a few days, well done to you. However, this does not mean you're a trader. Being a trader means having a consistent, reasonable return that you can manage in the long term. If you can be profitable for 6 months in the crypto market without losing a significant portion of your capital (no more than 20%), then you can consider yourself good at trading. Without that, there's no point in posting screenshots of your trading gains when in the following trades you burn all your capital.
The Futures market is there to make you lose, and leverage accelerates this. Market makers are paid to make you lose your money by pushing the market in the opposite direction, and you, with your few thousand dollars, think you can beat an institution that has hundreds of millions of dollars? You're dreaming.
If you want to get into trading, know that it's possible, and some people make money from it: but it's a very long process that takes several years. Practice trading on demo accounts, set yourself a trading plan, learn how markets work, and maybe in a few years, you'll be profitable in the long run.
Before you've done that, don't even think about it. Forget about Futures if you're new to the crypto market.
Hoping that some will understand this and apply these tips.
This publication is my own opinion. Thank you for reading.
If you liked it, don't hesitate to like, comment, share this post, and above all, subscribe, it helps me a lot. You can also tip me to support me financially, as it's my only way of being rewarded for teaching you as much as possible about the crypto market.
On Binance Square, there are plenty of crypto influencers who recommend buying this or that cryptocurrency because, according to them, it will rise. What you don't understand is that it's in their interest for you to buy this cryptocurrency
because they themselves are either:
- already positioned on it for a long time - or in partnership with this cryptocurrency They will make you buy this crypto to make it rise, then sell it or take their check from the crypto project.
The worst part of all this? When you look at the comments of these individuals, you see the community thanking the person for the advice, and many people even go so far as to tip them by giving them a tip.
But this is absurd, how is this possible? The community will lose its investment in the days that follow, and on top of that, they will financially thank the person who sent them into this mess? Seriously? What a joke.
Stop following crypto influencers who tell you to buy this or that crypto, in 95% of cases, you will lose your money. Also, financially support those who truly teach you: they are the ones who will make you money, not the others.
Note that I have no partnerships and that my posts are only paid for through your donations. Nothing else. This helps a lot. For those who want to thank me financially but are on an Apple device, you need to access my post via the internet (for example via Google) to have the tipping feature.
This post reflects my personal views. Thank you for reading. If you liked it, feel free to like, comment, share this post, and especially subscribe, it helps me a lot. And as I said, my only compensation comes from tips, so feel free to do so. Thank you so much to everyone who will do it. #HotTrends#BTC#viralpost
I NEED HELP WITHDRAWING MY FUNDS 😭😭😭 I have 20.000 USDT so far, but I can't withdraw... HELP
Be careful my friends, this is a SCAM. The clever one if I should say.
Long story short, I found someone a while back that asking someone to withdraw their funds from their OK wallet.
They write down the private keys into the post (something that obviously anyone won't do) and ask help on how to withdraw. If you log into the wallet using the private keys the person provided, the money is LEGIT in there, 20.000 in USDT. So how did this scam played out?
The scammer will bait out you into withdrawing their own funds into your wallets, I mean who would just let go a chance of getting 20k of USD for free? No one!
But in order to get those USDT you need some ETH to withdraw from that wallet into the exchange (let's say the USDT was in ERC-20 Network, this could happen in other net as well). And what's the twist???
When you deposited your ETH to this wallet for gas-it's not much, usually 0.001 ~ 0.05 ETH-IT WILL INSTANTLY EAT YOUR ETH USING A SCRIPT, so you lost that ETH forever.
Now from the amount perspective it's not much, however if the transaction is repeated over and over again... 🤑🤑🤑🤑
Here's an example of the address that carry the scam, it has baited people for over 25.000 times! So, I hope you got something from this post. Be aware of scam, don't give your private key to anyone and don't get baited into some kind of free stuff. Stay SAFE. And may all of us have a good luck.
💥 Over the last day, a staggering 89,303 traders faced liquidation, resulting in a total loss of $307.71 million. 💥 The biggest blow came on Binance, with a single liquidation of BTCUSDT valued at $7.04 million. 💥 Shorts took a harder hit than longs, with liquidations totaling $127.43 million for short positions and $180.28 million for long positions. Spread the word!
Over the past 48 hours,Bitcoin (BTC) price dropped 13% from its new all-time high of $73,835 to briefly trade near $60,000. The correction was caused by overheated market conditions in what analysts have christened a “pre-halving retrace” ahead of the Bitcoin halving event that is roughly 30 days away.
However, a report by CryptoQuant shows that the Bitcoin bull cycle is not over, given the relatively low level of investment flows from new investors and price valuation metrics still below levels seen in past market tops. The on-chain data analytic firm’s Weekly Crypto Report reveals that 48% of Bitcoin investment is coming from short-term holders. The “bull cycle typically ends with 84%-92% of investment” from these new investors, according to CryptoQuant analysts. “The Bitcoin bull cycle is still far from over, as shown by the relatively low level of new investment flows.” Bitcoin realized cap - OTXO age bands percentage. Source: CryptoQuant The chart above also reveals that this metric has “reached levels similar to mid-2019 (52%) when Bitcoin also experienced a meaningful correction,” something that short-term traders should watch out for. The CryptoQuant report also revealed that valuation metrics are still below levels consistent with past market tops. “CryptoQuant P&L Index is still outside a market top zone (red area) and above the index's 1-year moving average.” Bitcoin: CryptoQuant profit and loss (PnL) index. Source: CryptoQuant Related: BTC price dip hits 17.5% as week’s Bitcoin ETF net outflows near $500M CryptoQuant’s PnL index is made up of three on-chain indicators that show the profitability of Bitcoin. The index has previously indicated that the crypto market will enter a bull cycle in 2024. However, the chart above shows that the current level is slightly below those observed when the market peaked during the 2013, 2017 and 2021 bull runs. The Bitcoin halving event is now just a month away Apart from the metrics discussed above, the upcoming Bitcoin halving event is a major driver expected to bolster BTC price, ushering in a parabolic uptrend. According to CoinMarketCap’s halving countdown, Bitcoin’s next halving event is less than 31 days away. Bitcoin halving countdown. Source: CoinMarketcap With approximately 4,450 blocks to go, the estimated time remaining would see Bitcoin’s fourth halving take place on April 20, with the miner block rewards reducing by 50% from 6.25 BTC to 3.125 BTC. Historically, Bitcoin’s supply halving has been associated with an uptick in BTC’s price. The halving has always preceded a significant bull run in the Bitcoin market. Standard Chartered Bank has made a bold prediction, raising its forecast for BTC price from $100,000 to $150,000 in 2024. In an investment note to clients on Monday, March 18, Standard Chartered Bank analysts wrote, “For 2024, given the sharper-than-expected price gains year-to-date, we now see potential for the price to reach the $150,000 level by year-end, up from our previous estimate of $100,000.” The bank also predicted that BTC’s price would reach the cycle top of $250,000 in 2025 before settling at around $200,000. Although the bank’s analysis is not entirely based on the halving event, it draws on the impressive performance of the spot Bitcoin ETFs since they began trading on Jan. 11 and the different dynamics they bring to the market this halving cycle. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. #HotTrends#BTC#viralmypost#Viralmyfeed