🤔 $BTC #CryptoQuant : The $47K level is 25% below the avera | Crypto News Aggregator by EXCAVO no Binance Square

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🤔 $BTC #CryptoQuant : The $47K level is 25% below the average purchase price for STH - this will be a good resistance point and a shakeout for new buyers.
Previous organic corrections in the bull market lasted between 110 to 60 days. 

Aviso Legal: inclui opiniões de terceiros. Não se trata de aconselhamento financeiro. Poderá incluir conteúdos patrocinados. Consulta os Termos e Condições.

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🇺🇸 #Santiment : The attempted assassination of Donald Trump occurred approximately 8 hours ago, and crypto markets had an immediate reaction. $BTC rebounded as high as $60.3K, a 10-day high #TRUMP surged +63% as the news broke Taking into account the serious matter of any assassination attempt of a public (or non-public) figure, as well as crypto's vastly different political stances, it is undeniable that a bullish bias has been visible around the 2024 US presidential candidate. As we near elections this fall, the cryptocurrency community has generally shown bullish responses toward pro-Trump news, due to his recent pro-crypto comments. It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result. Regardless of your political stance (or lack thereof), note how much these types of market reactions will continue on any notable US political news for at least the rest of 2024, especially in an always speculative-driven sector like cryptocurrency.

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