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BTC in the 2H timeframe shows good support at the current market price (CMP) where we have the 100 EMA. Additionally, the lower trendline indicates support at $67.7k. We have short-term resistance at $69k, and if BTC breaks above the blue range, a price jump up to the local top of $71.9k is likely expected. Invalidation point: $67.7k. Do your own research before making any decisions. $BTC #BTC #bitcoin

BTC in the 2H timeframe shows good support at the current market price (CMP) where we have the 100 EMA. Additionally, the lower trendline indicates support at $67.7k.

We have short-term resistance at $69k, and if BTC breaks above the blue range, a price jump up to the local top of $71.9k is likely expected.

Invalidation point: $67.7k.

Do your own research before making any decisions.

$BTC #BTC #bitcoin

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$ADA will start bull-run this months. do you agree???
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Just Buy ADA for today.. #ada $ADA
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Here's How Much Just $100 In Bitcoin Will Be Worth If Cathie Wood's BTC Prediction Is Correct Founded in 2014, ARK Invest has rapidly become one of the largest asset management firms globally. Led by Cathie Wood, the company offers a variety of investment products and services, focusing heavily on innovation and technology. In early 2024, the firm partnered with 21Shares to launch a spot Bitcoin ETF (ARKB). The ETF and several others have been largely successful, attracting over $3.2 billion in AUM. Following the ETF's launch, Cathie Wood has received significant attention for her predictions about Bitcoin's future price. "With this institutional green light that the SEC [Security and Exchange Commission] has provided, kicking and screaming though it did, the analysis we’ve done is that if institutional investors were to allocate a little more than 5% of their portfolios to Bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you," Wood noted at an investor day conference in New York. The new prediction is higher than at the start of the year. In January 2024, Wood stated that Bitcoin could hit $1.5 million by 2030 after "the probability of the bull case has increased with this SEC approval. This is a green light." Before approving the spot ETFs, Wood predicted that Bitcoin could reach $1 million by 2030. Wood's investment thesis on Bitcoin relies on significant levels of institutional adoption. While it is plausible that if institutional investors allocate 5% of their portfolios to Bitcoin, the price could reach $3.8 million, it is unlikely to happen by 2030. Although institutional adoption has increased significantly in 2024, unprecedented changes in the institutional landscape would be required for this to occur. The prediction for 2030 also factors in the next Bitcoin halving, expected to occur in 2028. Historically, Bitcoin halvings precede higher highs followed by higher lows. If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction.
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The Bull Run, what is it?? A “bull run” is when prices keep going up and people feel good about the market. This happens with cryptocurrencies, especially Bitcoin leading the way. During a bull run, prices go higher and higher, which makes investors happy because they see their investments making more money and reaching new records. Characteristics of the Bull Run 1. Bitcoin price surge During a bull run, the first big thing you’ll notice is the price of Bitcoin shooting up. It keeps going higher and higher, staying up for a while. 2. Optimism During a bull run, investors feel good about the market and think prices will keep going up. Everyone in the crypto community gets excited and hopeful. When people feel positive, they buy more, which pushes prices even higher. 3. Increased trading volume There’s a higher level of buying and selling activity in the market hence there’s an increase in the trading volume recorded across various trading platforms and exchanges. 4. Media attention The bull runs attract widespread coverage in the media, drawing more people into the market. As the price of Bitcoin and other cryptocurrencies surges, the media spreads the news. 5. New investor influx More people, including newcomers, start investing in cryptocurrencies. The media attention on cryptocurrency during bull runs makes newbies aware of the crypto market, and they begin to come in in their numbers. 6. Altcoin rally The party jollof is not left for BTC alone, but many other cryptocurrencies (altcoins) also see substantial price increases. Altcoins hit up to 20x, 100x, 1000x, and even more in profit. 7. FOMO (Fear of missing out) Investors, both new and old, who haven’t invested in cryptocurrency worry about missing out on potential profits, driving more buys. Most times, they end up as exit liquidity. #StartInvestingInCrypto
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