BullRunAlert
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How to find a guaranteed 100x in crypto
This is the smart method.
You'll find projects right before they pump.
And the best part?
It actually takes less than two minutes.
You'll understand why it is assured.
Let me clarify.
You'll look at cryptocurrency categories.
There are many distinct categories in cryptocurrency.
- Gaming: $SOL ecosystem.
- Layer 2: $BNB ecosystem.
- Sports: $OP ecosystem.
In a bull run, each category will have its own pump.
That category will remain popular for a while.
You want to be buying before it pumps.
Here's how to accomplish it.
To filter coins by category, visit Coinmarketcap.com.
Look for the 'categories' tab and select it.
It will show you all of the categories and projects inside them.
Now here's the real secret.
Purchasing one of the top coins in that category will only yield 10x.
But you want to find 100x.
As a result, you will have to choose the category's smaller caps.
This is something you'll also notice.
The major caps will pump first, and the profits will flow into the lesser caps.
You can see this by looking at the VOLUME.
A huge volume indicates that people are entering.
HIGH VOLUME AND LOW MARKETCAP = READY TO PUMP #Write2Earn #TrendingTopic #BullRunAlert
This is the smart method.
You'll find projects right before they pump.
And the best part?
It actually takes less than two minutes.
You'll understand why it is assured.
Let me clarify.
You'll look at cryptocurrency categories.
There are many distinct categories in cryptocurrency.
- Gaming: $SOL ecosystem.
- Layer 2: $BNB ecosystem.
- Sports: $OP ecosystem.
In a bull run, each category will have its own pump.
That category will remain popular for a while.
You want to be buying before it pumps.
Here's how to accomplish it.
To filter coins by category, visit Coinmarketcap.com.
Look for the 'categories' tab and select it.
It will show you all of the categories and projects inside them.
Now here's the real secret.
Purchasing one of the top coins in that category will only yield 10x.
But you want to find 100x.
As a result, you will have to choose the category's smaller caps.
This is something you'll also notice.
The major caps will pump first, and the profits will flow into the lesser caps.
You can see this by looking at the VOLUME.
A huge volume indicates that people are entering.
HIGH VOLUME AND LOW MARKETCAP = READY TO PUMP #Write2Earn #TrendingTopic #BullRunAlert
Be very careful dont be fooled with #BTC; price at the moment, this wont last #btctothenull not right now … soon you will see this wave catching the small fishes .. the #Halving2024 its right on the corner, please be very smart a bout your trading strategy, breath and relax #BullRunAlert wont start till late august beginning of September… your money your choice #BTCBefore2025 !
Hlw dear followers ❤️
#TrendingTopic
#BullRunAlert
price prediction 2024-25
Sui- $50+
pendle-$80+
""SUI ""and ""pendle"" are good crypto.
Most potential. i hope 50× profitable crypto.
May be 50×+.
You can check it’s chart and the project.
Two of them should be in your portfolio.
Do you possess any of them???
#Write2Earn
#TrendingTopic
#cpi
$BNB $ETH $BTC
N.B.I am not your financial adviser.
#TrendingTopic
#BullRunAlert
price prediction 2024-25
Sui- $50+
pendle-$80+
""SUI ""and ""pendle"" are good crypto.
Most potential. i hope 50× profitable crypto.
May be 50×+.
You can check it’s chart and the project.
Two of them should be in your portfolio.
Do you possess any of them???
#Write2Earn
#TrendingTopic
#cpi
$BNB $ETH $BTC
N.B.I am not your financial adviser.
LIVE
Binance Announcement
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Binance Square #Write2Earn: Enjoy Up to 5% Trading Fee Commissions With Your Binance Square Posts!
This is a general announcement. Products and services referred to here may not be available in your region.
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
Binance Square is pleased to launch the #Write2Earn promotion for all Binance Square creators. Eligible Binance Square creators who post qualified content on Binance Square during the Promotion Period, may each earn up to 5% trading fee commissions from their readers’ spot, margin and/or futures trade(s) on a first-come, first-served basis.
Promotion Period: 2024-01-22 00:00 (UTC) to 2024-02-25 23:59 (UTC)
How to Participate
Login to your Binance account, and go to Binance Square.Publish qualified content pieces (i.e., short posts, long articles or polls) that include the #Write2Earn hashtag and at least 200 characters. Get up to 5% in trading fee commissions from regular and VIP 1-2 users’ spot, margin and futures trade(s) (excluding copy trading) when they engage with your qualified content pieces (e.g., via likes, shares, quotes, comments), and complete the trade(s) within 180 minutes after the engagement.
Rewards Structure
Commissions rewards will be distributed in the form of USDT token vouchers to eligible Binance Square creators on a first-come, first-served basis. A total of 10,000 USDT in token vouchers is available in this promotion.If a regular or VIP 1-2 user engage with one or more qualified content piece(s) on Binance Square within 180 minutes before trading on Spot, Margin and/or Futures (excluding copy trading) during the Promotion Period, the eligible Binance Square creator(s) of these content piece(s) will qualify to equally share 5% in trading fee commissions from the above trade(s).
Post on Binance Square Now to Earn 5% Commission!
Notes
Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards.For each day of the Promotion Period, the maximum commission that an eligible Binance Square creator may receive is a 50 USDT token voucher. Commission rewards will only be distributed when the value of the reward is at least 0.1 USDT. Binance Square creators will not be eligible to earn any trading fee commissions from their own spot, margin, or futures trades.The commission rewards in this promotion is on top of commission-based rewards from the Standard Referral Mode.
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This promotion may not be available in your region. Only Binance Square Creators who complete account verification are eligible to participate in this promotion. Media, project, or business/organization accounts are not eligible to join this promotion.Only short posts, long articles or polls that include the #Write2Earn hashtag and at least 200 characters will count as qualified content pieces. Content pieces that contain descriptions encouraging or urging users to like, share, quote, comment, etc., will not qualify the creators for any commission rewards from this promotion.Rewards Calculation and DistributionBinance will use the real-time exchange rates to calculate the commission rewards from every spot, margin and/or futures trade (excluding copy trading). Commission rewards will only be distributed to qualified Binance Square creators when the value of the overall commission rewards accumulated during the Promotion Period is at least 0.1 USDT. For eligible Binance Square creators who accumulate at least 0.1 USDT of commission rewards in each week of the Promotion Period, Binance Square will publish their weekly performances via its official account by the following Wednesday at 23:59 (UTC). Each week runs from Monday, 00:00 (UTC) to Sunday, 23:59 (UTC). Each day runs from 00:00 (UTC) to 23:59 (UTC). The USDT token voucher rewards will be distributed within 15 working days after the promotion ends. Upon successful distribution of rewards, winners will be notified via a separate push notification under Creator Center > Square Assistant. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this promotion if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this promotion.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-01-22
BTC And Its halving( Follow me to get more content and we will have a give away at 1k followers)
#Write2Earn $BTC is special because its security is unbreakable through block chain technology and it halves automaticaly and is supply capped.and this year we will witness this event. But will the bullrun be 2024 or 2025?#BullRunAlert
#Write2Earn $BTC is special because its security is unbreakable through block chain technology and it halves automaticaly and is supply capped.and this year we will witness this event. But will the bullrun be 2024 or 2025?#BullRunAlert
#BTC Ready for the God Candle ?
What is God Candle?
Traders and analysts interpret a “God Candle” as a highly bullish signal, reflecting robust buying pressure and the potential for a trend reversal or continuation.
It often signifies a notable shift in market sentiment and catalyzes further price appreciation.
An extended length indicates strong movement, while a short length represents minor price movement. Now, let's learn how to read the red and green candlesticks in any crypto pair.
Typically, the green color (or buying pressure) of a candle represents a BULLISH candlestick, and red indicates a BEARISH candlestick.
GOD CANDLE appears at the optimal stage/phase of the bull market, when almost every coin or token is sustained on green colours for few days/weeks and probably months but with the setting in of God Candle is the UNCERTAINTY but eventual advent of market retrace/(BEARISH trend setting in).
Many of us were deceived by many 'gurus' then not to TP as we're promised that it will keep going up even when you see that prices are on the downward trend, they kept reassuring is us that it will bounce back, (some hours it did) but you know nothing is guaranteed in this JUNGLE.
So since you as an investor, trader cannot pinpoint with specifics the end of God Candle, it's advisable to always TP on the way up, don't wait for a specific month, week or day to take Profit, start it as soon as you're convinced the bull market has set in, it could be 5% of your total assets, every 5days, 10% or even 20percent of your investments/bags every week, so that you don't regret like most of us who were burnt in the last bull run, who were busy fantasizing about the posh lifestyles we could adopt while the bull run fizzles out on us unknowingly cos no govt, institution or exchange will announce the end date of any bull run.
This market lives on sentiments and we are all SENTIMENTAL BEINGS, hence the volatility of crypto.
and we are all SENTIMENTAL BEINGS, hence the volatility of crypto.
Be ready with your plans buddies !!
#binancecontent
#BullRunAlert
What is God Candle?
Traders and analysts interpret a “God Candle” as a highly bullish signal, reflecting robust buying pressure and the potential for a trend reversal or continuation.
It often signifies a notable shift in market sentiment and catalyzes further price appreciation.
An extended length indicates strong movement, while a short length represents minor price movement. Now, let's learn how to read the red and green candlesticks in any crypto pair.
Typically, the green color (or buying pressure) of a candle represents a BULLISH candlestick, and red indicates a BEARISH candlestick.
GOD CANDLE appears at the optimal stage/phase of the bull market, when almost every coin or token is sustained on green colours for few days/weeks and probably months but with the setting in of God Candle is the UNCERTAINTY but eventual advent of market retrace/(BEARISH trend setting in).
Many of us were deceived by many 'gurus' then not to TP as we're promised that it will keep going up even when you see that prices are on the downward trend, they kept reassuring is us that it will bounce back, (some hours it did) but you know nothing is guaranteed in this JUNGLE.
So since you as an investor, trader cannot pinpoint with specifics the end of God Candle, it's advisable to always TP on the way up, don't wait for a specific month, week or day to take Profit, start it as soon as you're convinced the bull market has set in, it could be 5% of your total assets, every 5days, 10% or even 20percent of your investments/bags every week, so that you don't regret like most of us who were burnt in the last bull run, who were busy fantasizing about the posh lifestyles we could adopt while the bull run fizzles out on us unknowingly cos no govt, institution or exchange will announce the end date of any bull run.
This market lives on sentiments and we are all SENTIMENTAL BEINGS, hence the volatility of crypto.
and we are all SENTIMENTAL BEINGS, hence the volatility of crypto.
Be ready with your plans buddies !!
#binancecontent
#BullRunAlert
Dymension DYM has gained over 10% in the last one hour. Registering over 60%growth in the last 24hrs
#Write2Earn #DYM #BullRunAlert
#Write2Earn #DYM #BullRunAlert
#Bitcoin $55,400 could be next! As I've been asked a lot what is next for BTC in the comments. Here's my analysis. Bookmark it. Both targets 1 & 2 have been hit but $50,900 is a strong level. If Bitcoin manages to close a weekly candle above, target 3 at $55.4k is next.
Note that given the extremely bullish momentum target 3 has a high chance of getting hit even before the end of the week.
#Write2Earn #BTC #CKB $BTC #BullRunAlert
Note that given the extremely bullish momentum target 3 has a high chance of getting hit even before the end of the week.
#Write2Earn #BTC #CKB $BTC #BullRunAlert
i just read how to invest like #jimcramer on fool.com
Yh! little wonder why he's fooling the market.
BTC ETH
#Write2Earn #TrendingTopic #BullRunAlert #BullRunGems #InvestingFreedom
Yh! little wonder why he's fooling the market.
BTC ETH
#Write2Earn #TrendingTopic #BullRunAlert #BullRunGems #InvestingFreedom
I will share with you some #coins from my favourite ones for the next #BullRunAlert ..follow me to keep up2 date Guys
#Write2Earn
#Write2Earn
ANALYST SAYS WE’RE NOT IN BULL MARKET FOR BITCOIN YET, REVEALS FACTOR NEEDED TO TRIGGER A BULL RALLY 🤔
#BTC #BullRunAlert #Write2Earn @Storex
CryptoQuant, a leading cryptocurrency analysis company, recently highlighted the importance of the Market Value to Realized Value (MVRV) ratio in understanding Bitcoin's market behavior.
Comparing Bitcoin's market value to its realized price, the MVRV ratio serves as a critical indicator of investor profitability and market valuation.
According to the analysis, the historical MVRV ratio levels of 1.50 and 2.00 played important roles in previous bull markets.
The 1.50 level in the MVRV ratio is often referred to as the “capitulation zone” for Bitcoin. According to the analytics company, this level indicates extreme fear and panic among investors and typically leads to selling.
According to analysts, the fact that bull markets in 2015, 2018 and 2020 started near or below the MVRV 1.50 level indicates that bottom formations have occurred at this point and investors have started to accumulate again.
In contrast, the 2.00 level in the MVRV ratio is known as the “bull market trigger” for Bitcoin. This level indicates that investors' confidence is increasing and buying pressure is accelerating. According to analysts, in 2013, 2017 and 2021, bull markets gained momentum after the MVRV ratio exceeded the 2.00 level, showing that investors believed in Bitcoin's upward trend and were willing to invest more.
As of February 5, 2024, the MVRV rate is around 1.80. According to analysts, this shows that Bitcoin is still near the bottom zone and a bull market trigger has not yet occurred. CryptoQuant suggests that a bull rally could be triggered if the 2.00 level is breached.
#BTC #BullRunAlert #Write2Earn @Storex
CryptoQuant, a leading cryptocurrency analysis company, recently highlighted the importance of the Market Value to Realized Value (MVRV) ratio in understanding Bitcoin's market behavior.
Comparing Bitcoin's market value to its realized price, the MVRV ratio serves as a critical indicator of investor profitability and market valuation.
According to the analysis, the historical MVRV ratio levels of 1.50 and 2.00 played important roles in previous bull markets.
The 1.50 level in the MVRV ratio is often referred to as the “capitulation zone” for Bitcoin. According to the analytics company, this level indicates extreme fear and panic among investors and typically leads to selling.
According to analysts, the fact that bull markets in 2015, 2018 and 2020 started near or below the MVRV 1.50 level indicates that bottom formations have occurred at this point and investors have started to accumulate again.
In contrast, the 2.00 level in the MVRV ratio is known as the “bull market trigger” for Bitcoin. This level indicates that investors' confidence is increasing and buying pressure is accelerating. According to analysts, in 2013, 2017 and 2021, bull markets gained momentum after the MVRV ratio exceeded the 2.00 level, showing that investors believed in Bitcoin's upward trend and were willing to invest more.
As of February 5, 2024, the MVRV rate is around 1.80. According to analysts, this shows that Bitcoin is still near the bottom zone and a bull market trigger has not yet occurred. CryptoQuant suggests that a bull rally could be triggered if the 2.00 level is breached.
Top Cryptocurrencies to Invest Right Now Before the Crypto Bull Run Begins.
#BullRunAlert #TopCryptos $SOL $XRP $ADA
#BullRunAlert #TopCryptos $SOL $XRP $ADA
🚀 Is $100K Bitcoin in the Cards? 🚀
📢 Brace yourselves! The $100K Bitcoin prophecy is encoded in the past patterns. Whenever the price broke out of that distinctive yellow bar, a spectacular bull run ensued.
🔥 Are we on the brink of that breakout moment once again?
The signs are aligning, and the crypto realm is buzzing with anticipation.
Stay tuned for the potential launch of a massive bull run!
#BitcoinPredictions #CryptoBreakout #BullRunAlert #TradeNTell #Write2Earn $BTC $BNB $SOL
📢 Brace yourselves! The $100K Bitcoin prophecy is encoded in the past patterns. Whenever the price broke out of that distinctive yellow bar, a spectacular bull run ensued.
🔥 Are we on the brink of that breakout moment once again?
The signs are aligning, and the crypto realm is buzzing with anticipation.
Stay tuned for the potential launch of a massive bull run!
#BitcoinPredictions #CryptoBreakout #BullRunAlert #TradeNTell #Write2Earn $BTC $BNB $SOL
LIVECryptoGlobe
--
‘Why This Bitcoin Rally Has the Potential to Reach Previous All-Time High Pre-Halving’, Explains ...
On 10 February 2024, Jamie Coutts, a renowned freelance blockchain strategist and former crypto market analyst at Bloomberg Intelligence, took to social media platform X to provide a bullish outlook on Bitcoin’s potential to reach new all-time highs (ATH) before the next halving event.
Heading into supply discovery.
— _Checkɱate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) February 10, 2024
Coutts’ analysis, rich with technical and market insights, provides a compelling case for Bitcoin’s bullish future. Here’s a detailed look at his key points and the underlying concepts that support his predictions:
1. Market Reset Post-Q4 Leverage Cleansing
Coutts begins by highlighting the significant reduction in market leverage and speculative positioning that characterized the end of the previous year. This “cleansing” phase, marked by a 40% drop in options open interest and a moderation in futures funding rates, suggests a healthier market. By shedding excessive leverage, the Bitcoin market has potentially reduced its vulnerability to sudden price swings, laying a more stable foundation for growth.
2. ETF Demand vs. Supply Dynamics
A critical factor in Coutts’ analysis is the observation that Exchange-Traded Funds (ETFs) buying into Bitcoin are significantly outpacing the available supply, with a buying ratio of at least 2:1. This imbalance is particularly noteworthy as the halving event approaches, a phenomenon that historically reduces the rate at which new bitcoins are created, thereby constraining supply. Coutts points to this supply-demand dynamic as a bullish signal for Bitcoin’s price trajectory.
3. Technical Analysis: The Path Through Resistance Levels
Coutts also employs technical analysis to assess Bitcoin’s price movement, noting that only 10% of trading volume has occurred at prices above the current level. This observation suggests minimal overhead resistance if Bitcoin can breach the $48.2k mark. In the world of technical analysis, resistance levels are price points where selling pressure is anticipated. The lack of significant resistance above $48.2k implies that Bitcoin could experience a relatively unobstructed ascent to higher prices.
Conclusion: A Rally with Solid Foundations
Integrating Jamie Coutts’ insights with an understanding of key cryptocurrency concepts, it becomes clear why he views the current Bitcoin rally as having the potential to reach new heights. The combination of a market reset following the reduction of excessive leverage, favorable supply-demand dynamics ahead of the halving, and technical indicators pointing to minimal resistance levels, all contribute to a bullish outlook for Bitcoin.
Featured Image via Pixabay
Heading into supply discovery.
— _Checkɱate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) February 10, 2024
Coutts’ analysis, rich with technical and market insights, provides a compelling case for Bitcoin’s bullish future. Here’s a detailed look at his key points and the underlying concepts that support his predictions:
1. Market Reset Post-Q4 Leverage Cleansing
Coutts begins by highlighting the significant reduction in market leverage and speculative positioning that characterized the end of the previous year. This “cleansing” phase, marked by a 40% drop in options open interest and a moderation in futures funding rates, suggests a healthier market. By shedding excessive leverage, the Bitcoin market has potentially reduced its vulnerability to sudden price swings, laying a more stable foundation for growth.
2. ETF Demand vs. Supply Dynamics
A critical factor in Coutts’ analysis is the observation that Exchange-Traded Funds (ETFs) buying into Bitcoin are significantly outpacing the available supply, with a buying ratio of at least 2:1. This imbalance is particularly noteworthy as the halving event approaches, a phenomenon that historically reduces the rate at which new bitcoins are created, thereby constraining supply. Coutts points to this supply-demand dynamic as a bullish signal for Bitcoin’s price trajectory.
3. Technical Analysis: The Path Through Resistance Levels
Coutts also employs technical analysis to assess Bitcoin’s price movement, noting that only 10% of trading volume has occurred at prices above the current level. This observation suggests minimal overhead resistance if Bitcoin can breach the $48.2k mark. In the world of technical analysis, resistance levels are price points where selling pressure is anticipated. The lack of significant resistance above $48.2k implies that Bitcoin could experience a relatively unobstructed ascent to higher prices.
Conclusion: A Rally with Solid Foundations
Integrating Jamie Coutts’ insights with an understanding of key cryptocurrency concepts, it becomes clear why he views the current Bitcoin rally as having the potential to reach new heights. The combination of a market reset following the reduction of excessive leverage, favorable supply-demand dynamics ahead of the halving, and technical indicators pointing to minimal resistance levels, all contribute to a bullish outlook for Bitcoin.
Featured Image via Pixabay
BNB to hit all time high this year in the upcoming bull run.... 🔥🔥🔥💯💯what are you expecting as it's all the high ?I am predicting 700$ this bull run🤑✅
#Write2Earn #BNB #TrendingTopic #bnbstake #BullRunAlert
#Write2Earn #BNB #TrendingTopic #bnbstake #BullRunAlert
Bitcoin Price Indicates Potential Upswing with Recent Inverse Head and Shoulders Pattern
In a positive development for Bitcoin enthusiasts, the leading cryptocurrency has recently showcased a promising inverse head and shoulders pattern on its daily chart, suggesting a possible shift towards an upward trend.Renowned analyst Jake Wujastyk has highlighted the emergence of this bullish formation, noting its alignment with a significant close above a key volume shelf. The inverse head and shoulders pattern, a well-known precursor to a market reversal, features two lower peaks (shoulders) flanking a deeper valley, known as the head.The completion of this pattern is signaled when the price surpasses the resistance level, termed the "neckline." In this instance, the neckline coincides with the volume shelf, indicating substantial support or resistance due to a high volume of previously traded contracts. Bitcoin's recent breakthrough above the critical level at approximately $43,000 suggests growing buyer control, potentially paving the way for a short-term price increase.Against this backdrop, the current sentiment surrounding Bitcoin's price is cautiously optimistic, especially as the market approaches the expiry of 22,000 BTC options. The Maxpain point, where most options would expire worthless, sits at $42,000—slightly below the current trading level—implying a potential support region.The options in question carry a substantial notional value of $960 million, underscoring their significant impact on market sentiment. This week has witnessed a relatively subdued phase in the cryptocurrency market, evident in diminishing realized volatility (RV) and implied volatility (IV) for notable durations, signaling a period of consolidation.In the midst of this tranquil market condition, Bitcoin spot exchange-traded funds (ETFs) are steadily attracting incremental capital inflows, serving as a positive indicator for the cryptocurrency. On the flip side, some significant traders, often referred to as "whales," have been adjusting their positions, suggesting a combination of profit-taking and strategic portfolio rebalancing.Disclaimer: This article does not offer investment advice or recommendations. As with any investment or trading decision, there are inherent risks, and readers are advised to conduct their own research before making any decisions.#Btc #BullRunAlert #BinanceBullRun
If we see past cycles ...this week may be the last for any correction ...but trap trading was not properly introduced during past cycles ...so who knows what kind of bull run this one will be...but one thing is certain .... that it's going to be the biggest and probably be the last major....bcoz at the end of it crypto regulations will be clear in almost every nation ...then the market will move like stock market or forex market...
It's just my intuition , we will see how it goes ...
Don't expect too much from the market ...bcoz the market is also expecting your expectations..
#btc #eth #Altseason #altseason2024 #BullRunAlert
It's just my intuition , we will see how it goes ...
Don't expect too much from the market ...bcoz the market is also expecting your expectations..
#btc #eth #Altseason #altseason2024 #BullRunAlert