Now we are at a critical point what do you think will btc go | crypto_trust na Binance Square

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Now we are at a critical point what do you think will btc go down or go up?

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Given the escalating tensions between Israel and Iran, it's prudent to avoid buying Bitcoin at this time. Geopolitical instability often leads to market volatility, and cryptocurrencies are particularly sensitive to sudden changes. Holding off on BTC investments until the situation stabilizes could help mitigate potential risks.$BTC $ETH $SOL

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always use stop loss, and you should be cautious about purchasing altcoins until Bitcoin undergoes a correction. If Bitcoin reaches its all-time high this year, the end of the bull run is likely to occur by the end of the year. However, Bitcoin is expected to correct before it rallies to a new all-time high. This significant rally might not happen until the second quarter of 2025. $BTC $ETH $WIF

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bitcoin is still bullish How Bitcoin's Price Drop Affects Altcoins. When Bitcoin ($BTC) falls by 3%, other cryptocurrencies like $ENA , $WIF , and $NOT often drop by 10-12%. This is because Bitcoin, as the market leader, influences investor sentiment and market trends. Lower liquidity and higher volatility in altcoins amplify their price changes. Understanding Bitcoin's impact on the broader market can help investors manage risks and make informed decisions. Stay vigilant and consider Bitcoin's movements when trading altcoins.

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The chart shows a bullish trend for Bitcoin (BTC) with higher lows and a potential bullish flag pattern. The 9-period SMA at 64,500 acts as support. The RSI at 56.02 is neutral, allowing for further upward movement. For a buy action, consider entering if the price breaks and closes above 68,000. Watch for support at 64,500 to buy if the price shows strength there. Use proper risk management strategies.

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