Good morning ☕️
Technically, the Altcoins market (except #Bitcoin) is in a Bear Market!
By technical definition Bear Market is when a stock or currency let's say Ethereum has a correction greater than 20% over a period greater than 60 days, at this moment it has a correction of -29.91% which lasts for 63 days !
In 2021 in full bull market Ethereum had a correction of -61% which lasted 70 days.
At the moment the key is Bitcoin, if it also enters the Bear Market things get complicated!

Looks like Altcoin’s are in a technical bear market. #Bitcoin is on the edge of the cliff, CPI is coming, Brics story , S&P can and will crash not so far in the near future. Is Crypto party over? This summer will be very important for the future of the altcoins. Also a huge storm can take place on the stable coins sector!

#bitcoin from a technical point of view on the charts is at a crossroads, one towards a new all time high and one towards a potential break for this bull market, the decision will be soon!

Wich is more safe #Bitcoin vs #ethereum ?
The answer is #Bitcoin !

In crypto you have 3 type of days , amazing days , boring days and teribile days , believe it or not today is a boring day! Also in crypto you have days when you buy , days when you sell and days when you wait and do nothing, today is a do nothing day so far 🍀

Nobody will send you official letter when the market will be at the top ! Nobody will sell your coins to take profits for you! Nobody take your risk of losing money! Nobody will call you when bear market will start ! If you don’t sell for profit you have no profit if you don’t sell in losses you have no losses! The game is simple try to buy cheap when market is scary and sell expensive when market is in euphoria

South Korea votes for #Bitcoin ETF in June, but what is a Bitcoin ETF?
A Bitcoin ETF (Exchange Traded Fund) is an investment fund that tracks the price of Bitcoin. Unlike buying Bitcoin directly, an ETF gives investors exposure to the cryptocurrency through shares traded on traditional exchanges.
Benefits of Bitcoin ETFs:
•Accessibility: Allow investors to invest in Bitcoin through their existing brokerage accounts without having to open a cryptocurrency exchange account.
•Diversification: Provides a way to diversify the portfolio with a digital asset that is not correlated with traditional markets.
•Liquidity: They can be easily bought and sold on exchanges, providing greater liquidity than Bitcoin directly.
Types of Bitcoin ETFs:
•Spot Bitcoin ETFs: They hold physical Bitcoin and track its price directly.
•Bitcoin Futures ETFs: Track the prices of Bitcoin futures contracts, providing indirect exposure to the cryptocurrency.
Risks:
•Volatility: The price of Bitcoin is extremely volatile, which means that the value of your investment can fluctuate significantly.
•Regulation: The cryptocurrency market is still undergoing regulation, which could lead to unforeseen changes that could affect the value of Bitcoin ETFs.
It is important to do your own research before investing in any Bitcoin ETF. Make sure you understand the risks involved and that the investment is right for your financial goals.
#BitcoinETF #cryptocurrency #investment #finance

🍀Bitcoin have a real fight to pass the 64.000$ resistance are, if is not going to do that soon and it looses the 62.700$ then we have a problem and we can visit soon 54.000$ area

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Bullish it is #bitcoin right now, but there are two key zones that bitcoin need to keep, 56.000$ and 50.000$, if the price break below that the party is over.

#bitcoin is not dead, I guess a lot of shorts are squeezed right now and the pain can be high soon on the bears. Shorting bitcoin in a bull market is a very risky business

#Bitcoin so it is not going to 25.000$, it is back almost 12% from the deep, we have 2 rezistances around 64.000$ level , a pool back is possible to 60.000$, but if we break 64.000$ I think we are good to go to 70.000$ soon.

#bitcoin on 12 hour time frame is above 200 moving average wich is at 59.700$ if it manage to stay above that value we are back in the game! Still we must be very cautious, the market is not yet is the safe zone

#blackrock currently holds 273,824 #Bitcoins $16.3 billion, probably waiting to go to $20,000 🤪.
Fidelity Custody have 260,000 bitcoins in custody by comparison in cold wallets #Binance in 4 mega wallets holds 469,559 Bitcoins.

Good morning ✅
As long as #Bitcoin doesn't drop below $55,000 I'm very confident that we have a chance for Bitcoin to rise above $80,000, what I don't want under any circumstances is to drop below $50,000, if that happens $74,000 is possible be the temporary top of this bull market. Altcoin season could be different from public expectations.

For the bearish people , I tell you know that #Bitcoin have far more chances to go to 100.000$ than to go to 25.000$, the average price for bitcoin in the last 200 days is 50.000$ and we are 18% above that average, the 365 days average value is 34.284$

#Bitcoin zoom out a little to understand halving!
July 2016 halving, after 519 days in December 2017 Bitcoin has an increase of 2805%, i.e. 28x.
May 11, 2020 a new halving followed by an all time high on April 16, an increase of 646% in 339 days
What we notice is that after the halving we have increases, we notice that from one halvinf to another the growth of Bitcoin was more weighted and the time shorter. What I expect from here is at least a 200% ie a 2x at this price level.

Is good time to buy now ? Yes 100% it is a good time! Can market drop even lower, yes it can ! Is this a bear market ? No it is not ! Best time to buy is when market are like this , what it is pain !

Fatalistic predictions related to the price of #Bitcoin have already started to appear, some say $35,000 in two weeks, others $16,000, although the average value of Bitcoin in the last 150 days is $55,600, what can I say "funny". It takes two bearish days and it's already the end of the world even though Bitcoin has a 24% correction

#bitcoin  has the biggest correction in this Bull Market -24%, since 2022 so far it has not had a correction bigger than -23%. It is the first bull market in the history of Bitcoin where it has an all time high before the halving, it is the first time that btc becomes an ETF at the highest level. On any major exchange there are buy orders for hundreds of bitcoins, the question is why are the sellers selling? What is their logic? Those who shop are well aware that you don't come across opportunities like this very often.