The market has been maintaining its upward trend in recent days, largely influenced by market makers.Interestingly, the market's rise doesn't entirely reassure traders; it feels like Bitcoin could crash at any moment and leave us stranded. The main reason for this is that the market is now controlled by large companies and market makers, not small investors. This situation has both good and bad aspects. On the positive side, if luck is on your side, you can increase your chances of winning by following your instincts to either buy or sell.However, the downside is that the opinions of thousands of workers who spend hours analyzing technical charts and market trends have become ineffective. It's a truly sad situation, but it's the reality we're facing now.The rules of the game have changed significantly. You can either carefully follow those who set the rules and try your luck, or you can simply give your money to them as a gift.These thoughts are solely my own opinions. Whether you agree or not is up to you. I hope you all come out on top, but unfortunately, the system doesn't always work that way. To conclude, I'd like to share this beautiful saying:'Eating the fallen in the wolf's den is the law.'#Write2Earn ##taskanomerfaruk #BTC🔥🔥 $BTC $$SOL $

Since May 20, Bitcoin (BTC) has been in an accumulation phase, fluctuating between $66,000 and $72,000. The price is forming a symmetrical triangle, indicating an impending breakout. This breakout could be initiated by either the bears or the bulls.

To anticipate the direction of this movement, we need to monitor several critical levels.
#Bitcoin Daily Price Chart
#BinanceHerYerde
Analyzing BTC's daily chart, we see two significant trend lines: the upper line represents a downtrend, while the lower line indicates an uptrend.

BTC has tested the ascending trend line three times, each time bouncing back upwards. Bulls are strong at these levels, not allowing the bears to take control. Conversely, the bears prevent the bulls from breaking above the descending trend line, resulting in selling pressure. According to the price movements, the bears appear weaker compared to the bulls.

If the bears manage to breach the strong support established by the bulls, we could see a correction equal to the strength of this support. This critical level is at $67,500. A daily close below $68,000 could signal a victory for the bears.

If BTC maintains its position above the ascending trend line and avoids selling pressure at the descending trend line, breaking through the weaker bear resistance, we could witness an upward breakout. The critical level to watch above is $70,000.
Avoid using high leverage and taking excessive risks, especially during these consolidation phases. This advice is for your personal and financial well-being.
$BTC In summary, bulls are defending the $67,500 level as support, while bears are holding the $70,000 level as resistance. A daily close below $67,500 could lead to a 10%-20% downward correction. Conversely, a daily close above $70,000 could result in a 10%-20% upward movement.

Mike Novogratz, CEO of Galaxy Digital, believes that Bitcoin will retest the price record it broke in 2021.In an interview with CNBC, the CEO of the $8.1 billion asset manager stated, "I think we'll retest past highs relatively quickly."Novogratz said that if the $69,000 record level is breached, the next target price could be between $120,000 and $150,000.In January, Galaxy partnered with Invesco to establish the Invesco Galaxy Bitcoin ETF. According to recent data, the fund has accumulated approximately 6,800 Bitcoins so far.Novogratz believes that with the introduction of spot Bitcoin ETFs, traditional investors are now able to access Bitcoin more easily, and he expects these funds to continue growing.The CEO of Galaxy predicts that Bitcoin may consolidate around the $50,000 level for a while longer before resuming its upward trajectory.Regarding a potential price decline, Novogratz shared his views, suggesting that the price could temporarily retreat to the range of $42,000 to $45,000 due to a legal challenge or investor concerns."Your choice ? Bull or bear ? Please indicate in the comments."#Write2Earn #taskanomerfaruk $BTC

Bitcoin and Ethereum, the giants of the crypto world, stand out as the determinants of digital finance. However, speculation about their future remains uncertain in this vast market. Here's a glimpse into the complexities of this volatile market:Bitcoin, introduced in 2009 under the pseudonym Satoshi Nakamoto, is the first cryptocurrency to offer a decentralized, secure, and transparent payment system. With its limited supply of 21 million units, Bitcoin assumes the role of a protected digital gold against inflation.The price of Bitcoin is determined based on the balance of supply and demand. Factors such as user adoption, media interest, technological developments, regulations, and speculation affect demand, while mining determines the supply of new Bitcoin. Mining rewards halve every 210,000 blocks, leading to a decrease in supply and an increase in price.Bitcoin's market capitalization is approximately around 1 trillion dollars, constituting about 60% of the entire cryptocurrency market. However, Bitcoin's price has experienced significant fluctuations in the past year. For instance, it surged from around $29,350 at the beginning of 2023 to $51,792 at the start of 2024. Yet, it faced a substantial correction after reaching a record high of $64,863 in April 2023.On the other hand, Ethereum stands out as a platform where smart contracts and decentralized applications operate. Unlike Bitcoin, Ethereum provides more than just a payment system; it offers a programming environment. Ethereum's price has shown greater growth than Bitcoin over the past year, rising from $730 at the beginning of 2023 to $3,951 at the start of 2024.However, the future of Bitcoin and Ethereum remains uncertain. While predictions vary, investors should proceed with caution and conduct thorough research in this volatile market.#taskanomerfaruk :"In my opinion, artificial intelligence is just talking Bullshit."#Write2Earn $BTC $ETH

Starknet Token (STRK) is an L2 network developed to enhance Ethereum's scalability and provide unlimited computational power for dApps. Operating with a solution called ZK-Rollup, it enables any dApp to scale for computation limitlessly. The STRK token serves as a mechanism for paying fees, staking for consensus, and voting on governance proposals to operate, secure, and manage the network.Listed on the Binance exchange in early 2024, STRK token initially traded around $7. However, it quickly dropped to $2 shortly after. Several reasons contributed to this decline.Firstly, the supply and demand dynamics of STRK token were still unclear. The total and circulating supply of the token were undefined, making it challenging to determine its value. Secondly, the use cases and advantages of STRK token were not adequately promoted. More information about Starknet's technology and vision needed to be shared. Lastly, while competing with other Ethereum L2 networks, STRK token had a lower competitive edge. Several alternative projects had entered the market earlier and gained more users and dApps.However, the future of STRK token could still be bright. Starknet has the potential to offer a scalable network without compromising Ethereum's security and decentralization. This indicates that the value of STRK token could increase in the future. Nevertheless, predicting future price movements is difficult, and investors should conduct their research and consider the risks.#Write2Earn #taskanomerfaruk $STRK $ETH

Bitcoin's price has recently dipped from $52,000 levels to the $50,000 threshold, sparking a wave of fear in the market. However, it's crucial to view this dip as just a pit stop. Cryptocurrency markets always fluctuate, and within these fluctuations lie tremendous opportunities.These temporary market turbulences are actually the perfect time for strong, long-term investors to seize opportunities. Rather than succumbing to panic, we should view these downturns as chances to reaffirm our confidence in solid investments.The world of cryptocurrency is inherently volatile, leading to rapid price changes. Yet, these fluctuations can be advantageous for savvy investors. Cryptocurrencies have the potential to constantly gain value through technological innovations and adoption rates.Therefore, it's essential to consider long-term potential rather than short-term fluctuations in the market. With patience and prudence, we can benefit from the long-term returns of cryptocurrency investments.Even in challenging times like these, we must maintain our belief in cryptocurrencies and move forward towards our goals with determination. Remember, market fear and uncertainty carry the risk of overlooking real opportunities. Thus, by keeping our cool and evaluating the market from a broad perspective, we can make the best decisions.This period may be one where strong investors stand out and see future opportunities. Therefore, instead of panicking, we should step forward to seize these opportunities.#Write2Earn #BitcoinNews #taskanomerfaruk $BTC

Always double-check before trading.The recent crash in the crypto market drove BTC down to $35,000, resulting in significant losses for many investors. The entire market experienced a 20-30% decline, with all tokens suffering substantial losses. Many traders are struggling to recover their losses.Now, it seems like the market is repeating this cycle. However, precautions can be taken to prevent losses and secure significant profits.First and foremost, always ensure to check the market trend before taking any positions. Avoid going against the market trend and verify the market trend for additional confirmation before making any trades.If the market is showing a normal trend, follow the trend of relevant charts and definitely evaluate the market trend above any individual chart trend.In a market with an upward trend, avoid trading from bearish formations as they can create uncertainty and lead to losses.Identify charts with consistent patterns and always protect your stop loss. Never trade when the trend is showing signs of reversing.Lastly, be wary of false breakouts that reverse the direction of price flow, and evaluate the market trend before entering trades. Reversals are only possible when the entire market trend is showing signs of reversal.#Write2Earn $BTC

The crypto market is a rapidly evolving and changing space. While it offers exciting opportunities for investors, it also requires attention and knowledge. Patience and research are the cornerstone of successful crypto investing.Every day, new projects, tokens, and technologies emerge. However, even in such a fast-changing environment, it's important not to deviate from basic investment principles. Risks and uncertainties will always exist, but they can be minimized through proper research and analysis.The volatility of the crypto market attracts investors with the potential for significant gains, but it also carries the risk of substantial losses. Therefore, it's important to follow a rational and solid investment strategy rather than making emotional decisions.Additionally, it's crucial to remember the existence of market manipulators. Some groups or individuals can influence prices by spreading misleading information through social media and other platforms. Therefore, relying on reliable sources of information and conducting your own research is essential.Finally, it's important for crypto investors to think long-term. Instead of focusing on short-term fluctuations, evaluating the long-term potential of technology and projects may be a healthier approach.The crypto market is still a young and evolving field. However, with the right information and strategy, success in this area is possible. It's important for every investor to consider their own risk tolerance and goals."#Write2Earn #AI