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Bitcoin Whales Amass 19,760 $BTC , Hinting at Possible Price Surge
As reported by Foresight News, findings from IntoTheBlock show that large Bitcoin holders, defined as those possessing over 0.1% of the total Bitcoin supply, have boosted their holdings by 19,760 BTC, with an average acquisition cost of $62,500. The data from IntoTheBlock implies that historically, accumulation by such addresses frequently foreshadows an uptrend in Bitcoin's price. $SOL $ETH to also soar.
As reported by Foresight News, findings from IntoTheBlock show that large Bitcoin holders, defined as those possessing over 0.1% of the total Bitcoin supply, have boosted their holdings by 19,760 BTC, with an average acquisition cost of $62,500. The data from IntoTheBlock implies that historically, accumulation by such addresses frequently foreshadows an uptrend in Bitcoin's price. $SOL $ETH to also soar.
Is it a good time to sell all my $BTC now? It looks like it is going to keep on falling. Any advice? Any hope? My Portfolio keeps going down everytime i open it.
Here's the key $BTC takeaway:
🔴 Currently assessing the 60k resistance.
🔴 Failure could result in a drop to 52k within a week.
🔴 Further failure might lead to a decline below 44k.
🔴 A breach could trigger panic selling.
🔴 If it declines, it may break through 30k and dip to 16k before bouncing back.
🟢 Keep fiat money ready to accumulate during dips. Corrections are natural in BTC cycles, so capitalize on them by investing more at each resistance level for increased gains.
🟢 If you purchased at the recent all-time high (ATH), there's no urgency to sell. Patience could yield profits over time, as it might take a while for BTC to reach another ATH.
🟢 Post-halving, each BTC's actual value could be around 80k, hinting at a potential future ATH at or above that level. The deeper the current correction, the greater the potential for a rebound.
Disclaimer: Contains third-party viewpoints. Not financial advice. Refer to T&Cs.
$ETH $SOL
🔴 Currently assessing the 60k resistance.
🔴 Failure could result in a drop to 52k within a week.
🔴 Further failure might lead to a decline below 44k.
🔴 A breach could trigger panic selling.
🔴 If it declines, it may break through 30k and dip to 16k before bouncing back.
🟢 Keep fiat money ready to accumulate during dips. Corrections are natural in BTC cycles, so capitalize on them by investing more at each resistance level for increased gains.
🟢 If you purchased at the recent all-time high (ATH), there's no urgency to sell. Patience could yield profits over time, as it might take a while for BTC to reach another ATH.
🟢 Post-halving, each BTC's actual value could be around 80k, hinting at a potential future ATH at or above that level. The deeper the current correction, the greater the potential for a rebound.
Disclaimer: Contains third-party viewpoints. Not financial advice. Refer to T&Cs.
$ETH $SOL
Bitcoin is the strongest currency ever. With all that is going on with Kucoin, Coinbase, Binance (in some countries)
$BTC still standing strong.
$BTC still standing strong.
Bitcoin is the strongest currency ever. With all that is going on with Kucoin, Coinbase, Binance (in some countries)
$BTC still standing strong.
$BTC still standing strong.
I fell in love with bitcoin cuz of the technology. The money was secondary. I wanted to know and understand how the technology works. It is fascinating. $BTC
It is a thing of beauty watching how $BTC price has been stable within the $60k for over a week amidst all the ETF outflows 🥹