MARKET TRAP MODE DON'T BE GREEDY WAIT FOR RIGHT TIME 👍

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$BTC
Bitcoin is currently hovering near a resistance area, and we may witness a significant price movement in either direction soon. The selling pressure from Grayscale spot Bitcoin ETF has been decreasing. The support and resistance levels are unchanged. If the price breaks above the $43,500 level, it is likely to move towards $45,000.

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Looking ahead at Crypto: Impact of Bitcoin ETFs and Halving on Markets"

Bitcoin, a type of digital currency, gained a lot of attention when special investment funds called ETFs got approved in January, says Gregory Mall from AMINA bank. People are now curious about how the upcoming halving event will affect the markets and which digital currency projects will succeed in the long term.

The approval of ETFs led to a significant increase in cryptocurrency prices, particularly Bitcoin. Since January 10, the total value of all cryptocurrencies has risen from $1.5 trillion to $2.4 trillion, showing a 60% increase. However, cryptocurrency remains small compared to assets like gold and big companies like Microsoft

Contrary to expectations, the approval of ETFs didn't cause people to buy based on rumors and sell when approvals happened. Instead, prices continued to rise. ETFs, along with differences in supply and demand, have attracted a significant amount of money, making more people interested in buying Bitcoin than selling.

The upcoming halving of Bitcoin, scheduled for mid-April, is expected to generate excitement and potentially increase prices, as seen in past halving events. Despite criticisms about the purpose of cryptocurrency, the influx of money from large investment firms into ETFs is keeping the market strong.

For cryptocurrency to become widely accepted, it needs to serve a practical purpose for everyone, not just tech-savvy individuals or niche groups. While interest in cryptocurrency has increased recently, it's still not as high as during the 2021 boom.

Investing in cryptocurrencies carries risks similar to investing in startups. With thousands of cryptocurrencies available, only a few are likely to have a significant impact in the long term. Diversifying investments through index funds, rather than trying to pick individual cryptocurrencies, is recommended for long-term stability.

Overall, the cryptocurrency market is evolving, and cautious, long-term investment strategies are advised for those looking to participate.

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2 SCENARIO'S for $BTC BTC right now

Secnario 1️⃣

Current Price 69380$✅

Strong Support 69000$✅

If Price continues to trade above 69000$ consolidate here then we wil good breakout to upside.

Possible target can be 72000$ to 75000$👆🏻

SCENARIO 2️⃣

If Bitcoin breaks 69000$ area and continues to trade below 69000$ support then we will see a correction in bitcoin.

Bitcoin can fall upto 64000$ to 60000$ Area.

Keep an eye on it.
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BTC Dominance Breaking Out Horizontal Resistance At 1D Timeframe, It Is Not A Good Sign For ALTS!

Because As We All Already Know : BTC Dominance Pump = ALTS Dump.

#BTC #Bitcoin #cryptohustle #crypto2023 #Btcupdate

🥰Spot/Future Free Trading Signal 🔥
😎100% Accuracy 🙃
💥BTCUSDT Long ⭐️
Entry Points
65500-66200

🌒Targets 🌝
🎯68000
🎯70000
Spot Traders Can Hold upto 80k

🌝Stop loss 🥵
64000

I am not a Financial advisor so mange Your trade as you can Afford To Loss .

🫣Good Luck 🌝
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