ETF✅
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ETH is similar to BTC last time at first days ETF trading.
Patiently wait about 7 -10 days to see the bottom.
#BTC500K #ETH #ETFvsBTC #ETF✅ #MarketForecast
Patiently wait about 7 -10 days to see the bottom.
#BTC500K #ETH #ETFvsBTC #ETF✅ #MarketForecast
👉👉👉 Crypto exchanges see $3B #Ethereum exit since #ETF✅ approvals
Ether Supply on Exchanges Hits Lowest Level in Years Amidst ETF Approvals
- Currently, only 10.6% of the total Ether supply is held on centralized crypto exchanges, marking its lowest level in years. Since the approval of spot Ether exchange-traded funds (#ETFs ) in the United States on May 23, over $3 billion worth of Ether has been withdrawn from these exchanges, indicating a potential upcoming supply squeeze.
- Between May 23 and June 2, the Ether held on exchanges decreased by about 797,000 ETH, valued at $3.02 billion, according to CryptoQuant. This decline indicates fewer coins available for immediate sale as investors transfer their holdings to self-custody for reasons other than selling.
- Glassnode data, shared by BTC-ECHO analyst Leon Waidmann, confirms that the percentage of circulating Ether supply held on exchanges is at its lowest level in years, at just 10.6%.
Ethereum ETFs Paving the Way for New ATH
- Last week, Bloomberg ETF analyst Eric Balchunas suggested that Ether ETFs have a “legit possibility” of launching by late June. Some analysts believe that the introduction of spot Ether ETFs could help Ether surpass its November 2021 all-time high (ATH) of $4,870 due to increased demand, similar to the impact of spot Bitcoin ETFs when they launched in January.
- Michael Nadeau, a #DEFI Report crypto analyst, noted that Ether might benefit more from demand pressures than #bitcoin due to its lack of "structural sell pressure." Unlike Bitcoin miners, Ethereum validators do not need to sell Ether to cover operational costs.
Concerns Over Grayscale’s Ethereum Trust
- Concerns about Grayscale's $11 billion Ethereum Trust (ETHE) arise from the potential for significant outflows, similar to the Grayscale Bitcoin Trust's $6.5 billion outflows in its first month, which could impact Ether's price.
- As of now, Ether is trading at $3,781, down 0.82% over the past 24 hours and approximately 23% below its all-time high, according to CoinMarketCap.
Source - cointelegraph.com
Ether Supply on Exchanges Hits Lowest Level in Years Amidst ETF Approvals
- Currently, only 10.6% of the total Ether supply is held on centralized crypto exchanges, marking its lowest level in years. Since the approval of spot Ether exchange-traded funds (#ETFs ) in the United States on May 23, over $3 billion worth of Ether has been withdrawn from these exchanges, indicating a potential upcoming supply squeeze.
- Between May 23 and June 2, the Ether held on exchanges decreased by about 797,000 ETH, valued at $3.02 billion, according to CryptoQuant. This decline indicates fewer coins available for immediate sale as investors transfer their holdings to self-custody for reasons other than selling.
- Glassnode data, shared by BTC-ECHO analyst Leon Waidmann, confirms that the percentage of circulating Ether supply held on exchanges is at its lowest level in years, at just 10.6%.
Ethereum ETFs Paving the Way for New ATH
- Last week, Bloomberg ETF analyst Eric Balchunas suggested that Ether ETFs have a “legit possibility” of launching by late June. Some analysts believe that the introduction of spot Ether ETFs could help Ether surpass its November 2021 all-time high (ATH) of $4,870 due to increased demand, similar to the impact of spot Bitcoin ETFs when they launched in January.
- Michael Nadeau, a #DEFI Report crypto analyst, noted that Ether might benefit more from demand pressures than #bitcoin due to its lack of "structural sell pressure." Unlike Bitcoin miners, Ethereum validators do not need to sell Ether to cover operational costs.
Concerns Over Grayscale’s Ethereum Trust
- Concerns about Grayscale's $11 billion Ethereum Trust (ETHE) arise from the potential for significant outflows, similar to the Grayscale Bitcoin Trust's $6.5 billion outflows in its first month, which could impact Ether's price.
- As of now, Ether is trading at $3,781, down 0.82% over the past 24 hours and approximately 23% below its all-time high, according to CoinMarketCap.
Source - cointelegraph.com
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There is no anger left, no patience left, bitcoin finally became #FederalReserve's 's toy remote control control #ETF✅ If there is no community, there is no bitcoin, there is such a scattered investment mass that neither shorts nor longs are making money.
No one speaks out, there is no voting, there is no reaction, the so-called community created it, are you sure?
$BTC $ETH $BNB
No one speaks out, there is no voting, there is no reaction, the so-called community created it, are you sure?
$BTC $ETH $BNB
#bitcoinhalving #ETF✅ The opinions presented offer insights into the performance of Bitcoin ETFs, particularly focusing on GBTC, BlackRock, and Fidelity. Let's break down each point:
1. **Concerns about GBTC Outflows**: The first opinion raises the question of whether the recent low but steady outflows from GBTC are due to large holders or depeg traders exhausting their shares to sell, or if they are being cautious amid Bitcoin hovering around $60,000. This observation suggests that there may be uncertainties surrounding the reasons behind the outflows from GBTC, with potential factors being both supply constraints and market sentiment regarding Bitcoin's price level.
2. **BlackRock's Declining Inflows**: The second point highlights a steady decline in inflows at BlackRock, despite the outflows from GBTC. This situation indicates that fewer Bitcoins exiting GBTC are not flowing back into other ETFs, suggesting a shift in trading patterns or investor behavior within the ETF landscape.
3. **Fidelity's Unusual Performance**: The third opinion expresses surprise at Fidelity reporting no outflows despite recent poor performance, leading to a humorous speculation that they might be injecting funds to preserve the streak of consecutive days without outflows. This observation raises questions about Fidelity's reporting practices and the potential actions they might be taking to maintain positive net flow figures.
Additional points mentioned:
- **Netflow for the week**: There has been a net outflow of $259.7 million.
- **Drop in average daily inflow**: The average daily inflow of Bitcoin ETFs has decreased by $183 million since the launch day.
- **Cumulative net inflow**: The overall net inflow since the launch of ETFs, including GBTC, stands at +$12.271 billion.
#bitcoinhalving #bitcoin etf#
1. **Concerns about GBTC Outflows**: The first opinion raises the question of whether the recent low but steady outflows from GBTC are due to large holders or depeg traders exhausting their shares to sell, or if they are being cautious amid Bitcoin hovering around $60,000. This observation suggests that there may be uncertainties surrounding the reasons behind the outflows from GBTC, with potential factors being both supply constraints and market sentiment regarding Bitcoin's price level.
2. **BlackRock's Declining Inflows**: The second point highlights a steady decline in inflows at BlackRock, despite the outflows from GBTC. This situation indicates that fewer Bitcoins exiting GBTC are not flowing back into other ETFs, suggesting a shift in trading patterns or investor behavior within the ETF landscape.
3. **Fidelity's Unusual Performance**: The third opinion expresses surprise at Fidelity reporting no outflows despite recent poor performance, leading to a humorous speculation that they might be injecting funds to preserve the streak of consecutive days without outflows. This observation raises questions about Fidelity's reporting practices and the potential actions they might be taking to maintain positive net flow figures.
Additional points mentioned:
- **Netflow for the week**: There has been a net outflow of $259.7 million.
- **Drop in average daily inflow**: The average daily inflow of Bitcoin ETFs has decreased by $183 million since the launch day.
- **Cumulative net inflow**: The overall net inflow since the launch of ETFs, including GBTC, stands at +$12.271 billion.
#bitcoinhalving #bitcoin etf#
𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸 𝘀𝗼𝗹𝗱 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝘁𝗶𝗺𝗲 𝘀𝗶𝗻𝗰𝗲 𝗘𝗧𝗙 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 🚨🚨
#Bitcoin ETFs experienced a net outflow of $𝟱𝟲𝟯.𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.
$IBIT: - $37M
$FBTC: - $191.1M
$ARKB: - $98.1M
$BITB: - $29M
$GBTC: - $167M
#bitcoinhalving #BTC #ETF✅
#Bitcoin ETFs experienced a net outflow of $𝟱𝟲𝟯.𝟳 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.
$IBIT: - $37M
$FBTC: - $191.1M
$ARKB: - $98.1M
$BITB: - $29M
$GBTC: - $167M
#bitcoinhalving #BTC #ETF✅
Tron Founder Says $ETH ETFs Won’t Get Approval in May 2024
Justin Sun, the popular entrepreneur who founded the Tron blockchain, has recently voiced his opinion on the Ethereum ETFs. As per Sun, the current scenario around the authorization of the Ethereum exchange-traded funds is not very optimistic and the authorities won’t approve them in May. The famous entrepreneur took to its official X account, saying that the crypto market still requires significant preparation.
My honest opinion (NFA) is that an Ethereum ETF won't be approved in May. The crypto industry still needs to prepare for a long-term education with regulators, focusing on helping them understand crypto. But we've always been here, haven't we?
#Fed #Megadrop #ETF✅
Justin Sun, the popular entrepreneur who founded the Tron blockchain, has recently voiced his opinion on the Ethereum ETFs. As per Sun, the current scenario around the authorization of the Ethereum exchange-traded funds is not very optimistic and the authorities won’t approve them in May. The famous entrepreneur took to its official X account, saying that the crypto market still requires significant preparation.
My honest opinion (NFA) is that an Ethereum ETF won't be approved in May. The crypto industry still needs to prepare for a long-term education with regulators, focusing on helping them understand crypto. But we've always been here, haven't we?
#Fed #Megadrop #ETF✅
📈 Australia's major stock exchange, ASX, is poised to approve several spot Bitcoin exchange-traded funds (ETFs) by the end of 2024.
🔍 VanEck Australia and BetaShares are among the fund issuers expecting approval, following similar moves in the US and Hong Kong. The surge in applications mirrors the success of US-based ETFs, which have amassed $53 billion in assets under management. 💼
📊 BetaShares’ head of digital, Justin Arzadon, sees the inflows into US ETFs as a catalyst for launching similar products in Australia, highlighting the enduring presence of digital assets. 💰
💡 Monochrome's CEO, Jeff Yew, anticipates Australian Bitcoin ETFs drawing in $3 billion to $4 billion in net inflows within three years, driven by demand from fund managers, SMSF investors, and retail investors.
🛡️ Yew emphasizes the regulatory oversight and safety afforded by Bitcoin ETFs compared to direct crypto exchange exposure, which he views as risky. Monochrome initially sought ASX approval for a Bitcoin ETF but shifted to Cboe Australia due to a more pragmatic timeline and transparent listing framework.
👍 Despite challenges with the ASX, Yew remains optimistic about Cboe Australia approving Monochrome’s application in the coming weeks. 📅
#AustraliaCrypto #SpotETF #ETF✅
🔍 VanEck Australia and BetaShares are among the fund issuers expecting approval, following similar moves in the US and Hong Kong. The surge in applications mirrors the success of US-based ETFs, which have amassed $53 billion in assets under management. 💼
📊 BetaShares’ head of digital, Justin Arzadon, sees the inflows into US ETFs as a catalyst for launching similar products in Australia, highlighting the enduring presence of digital assets. 💰
💡 Monochrome's CEO, Jeff Yew, anticipates Australian Bitcoin ETFs drawing in $3 billion to $4 billion in net inflows within three years, driven by demand from fund managers, SMSF investors, and retail investors.
🛡️ Yew emphasizes the regulatory oversight and safety afforded by Bitcoin ETFs compared to direct crypto exchange exposure, which he views as risky. Monochrome initially sought ASX approval for a Bitcoin ETF but shifted to Cboe Australia due to a more pragmatic timeline and transparent listing framework.
👍 Despite challenges with the ASX, Yew remains optimistic about Cboe Australia approving Monochrome’s application in the coming weeks. 📅
#AustraliaCrypto #SpotETF #ETF✅
💥BREAKING: The Hong Kong Spot #Bitcoin ETF is launching tomorrow!
#write2earnonbinancesquare
#ETF✅ #HongKong
#write2earnonbinancesquare
#ETF✅ #HongKong
🚀📈 BlackRock Shows Bullish Sentiment Towards TRB! 📈🚀
🌟 Recent Investment:
- BlackRock Pours $25 Million into TRB This Month, Resulting in Price Surge
🔮 Future Projections:
- Predictions Point to TRB Hitting $1000 Within 4 Years
- Long-Term Outlook: TRB Expected to Exceed $1,000,000 by 2050
- Anticipated Increase in Investment from Institutions like BlackRock, Forecasting Over $4 Trillion in Investments
🌐 #BinanceTopGainer #TRBUST #Solana’ #ETF✅
📈 Don't Miss Out on the Potential Growth Opportunities in TRB! Stay Informed and Ready to Capitalize! 🚀🔥
$TRB
🌟 Recent Investment:
- BlackRock Pours $25 Million into TRB This Month, Resulting in Price Surge
🔮 Future Projections:
- Predictions Point to TRB Hitting $1000 Within 4 Years
- Long-Term Outlook: TRB Expected to Exceed $1,000,000 by 2050
- Anticipated Increase in Investment from Institutions like BlackRock, Forecasting Over $4 Trillion in Investments
🌐 #BinanceTopGainer #TRBUST #Solana’ #ETF✅
📈 Don't Miss Out on the Potential Growth Opportunities in TRB! Stay Informed and Ready to Capitalize! 🚀🔥
$TRB
CointurkNews:
How Did Bitcoin ETFs Impact Recent Market Movements?
📉 Bitcoin ETF Outflows: Fed Chairman Jerome Powell's dovish stance didn't prevent investors from exiting U.S. Bitcoin ETFs, with record net outflows of $563.7 million on Wednesday. This marks a total outflow of $1.2 billion since April 24.
💸 Fidelity's FBTC Leads Outflows: Fidelity's FBTC saw the largest outflow of $191.1 million, raising concerns alongside BlackRock's IBIT. GBTC followed with $167.4 million outflow, with ARKB and IBIT also experiencing significant withdrawals.
📈 Market Reaction to Powell's Comments: Powell's dovish approach eased liquidity concerns, briefly boosting Bitcoin from $56,620 to $59,430. However, BTC's rally was short-lived, falling back to $57,300 amid broader market impacts.
📉 Impact of ETF Launch in Hong Kong: The launch of Asia's first spot Bitcoin and Ethereum ETFs in Hong Kong this week, albeit with low volumes, negatively affected the crypto market sentiment.
#ETF✅
How Did Bitcoin ETFs Impact Recent Market Movements?
📉 Bitcoin ETF Outflows: Fed Chairman Jerome Powell's dovish stance didn't prevent investors from exiting U.S. Bitcoin ETFs, with record net outflows of $563.7 million on Wednesday. This marks a total outflow of $1.2 billion since April 24.
💸 Fidelity's FBTC Leads Outflows: Fidelity's FBTC saw the largest outflow of $191.1 million, raising concerns alongside BlackRock's IBIT. GBTC followed with $167.4 million outflow, with ARKB and IBIT also experiencing significant withdrawals.
📈 Market Reaction to Powell's Comments: Powell's dovish approach eased liquidity concerns, briefly boosting Bitcoin from $56,620 to $59,430. However, BTC's rally was short-lived, falling back to $57,300 amid broader market impacts.
📉 Impact of ETF Launch in Hong Kong: The launch of Asia's first spot Bitcoin and Ethereum ETFs in Hong Kong this week, albeit with low volumes, negatively affected the crypto market sentiment.
#ETF✅
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Will #marketdownturn do this? Is this hatag real or was it established to take what we have left?
I lost 500 times the amount they would have paid in the market.
I hope it's real..
Please let me know in the comments if this is a buying opportunity.
The market swelled to a large extent with meme coins before it rose.
The market is unexpectedly broken, should we, as people who are devoted to bitcoin and cryptos, give up and extract the last penny or wait? #marketdownturn to do it. Should these regions be designated as purchasing areas or does this create a trap?
Will BTC go bullish? This is the controversial issue.
#ETF✅ Did they benefit you?
I think that the community that follows me cares about me because I am different.
So rest assured, everything goes wrong with me.
Beggar mode hashtags to distribute. He tries to sell dreams, I try to reach him whether this is a dream or reality.
I lost 500 times the amount they would have paid in the market.
I hope it's real..
Please let me know in the comments if this is a buying opportunity.
The market swelled to a large extent with meme coins before it rose.
The market is unexpectedly broken, should we, as people who are devoted to bitcoin and cryptos, give up and extract the last penny or wait? #marketdownturn to do it. Should these regions be designated as purchasing areas or does this create a trap?
Will BTC go bullish? This is the controversial issue.
#ETF✅ Did they benefit you?
I think that the community that follows me cares about me because I am different.
So rest assured, everything goes wrong with me.
Beggar mode hashtags to distribute. He tries to sell dreams, I try to reach him whether this is a dream or reality.
Throughout history, the stock market has endured significant crashes, such as a 90% drop in 1929, a 50% decline in 1973, a 35% plunge in 1987, a 55% downturn in 2008, and a 35% dip in 2020. However, it has consistently rebounded to reach new heights each time.
Since 1926, the stock market has delivered an average annual return of 10.5%. The key lesson is to avoid letting short-term fears dictate long-term investment decisions.
Keep informed and stay connected with insights from Professor Mende.$ETH $BTC $USDC #ETF✅ #Memecoins
Since 1926, the stock market has delivered an average annual return of 10.5%. The key lesson is to avoid letting short-term fears dictate long-term investment decisions.
Keep informed and stay connected with insights from Professor Mende.$ETH $BTC $USDC #ETF✅ #Memecoins
Crypto Banking Trends: Factors Fueling the Sector in 2024
#CryptoCommunty #BankingNews #ETF✅ #HOTNEWSTODAY #Hotternds
Crypto banking in 2024 sees significant developments with regulatory frameworks and global crypto adoption driving the industry forward. More companies adopt crypto banking solutions to offer new services and stay competitive. Coincub's analysis reveals key trends:
The US and UK lead in crypto banking companies due to regulatory clarity and customer interest.Europe boasts the largest number of crypto banks, with major institutions like Standard Chartered UK and Barclays UK investing heavily.Ukraine showcases growing crypto adoption, with increasing community involvement and cryptocurrency payment platforms.ETFs, particularly Bitcoin ETFs like BlackRock's iShares, gain traction, boosting confidence in crypto as a mainstream investment.Recognition of Ether as a security by the SEC could impact various sectors, potentially benefiting Bitcoin.Stablecoins play a crucial role, with 35% of banks supporting their issuance, although regulatory concerns persist.Security remains a primary concern, with measures like regular security checks and cold storage employed to protect assets.Regulatory uncertainty, legal discrepancies, and market volatility pose challenges, but efforts to address these issues are underway.Despite hurdles, the crypto banking sector is evolving, driven by increased transparency and customer interest, though security, regulatory clarity, and market stability remain focal points for improvement.
Crypto banking in 2024 sees significant developments with regulatory frameworks and global crypto adoption driving the industry forward. More companies adopt crypto banking solutions to offer new services and stay competitive. Coincub's analysis reveals key trends:
The US and UK lead in crypto banking companies due to regulatory clarity and customer interest.Europe boasts the largest number of crypto banks, with major institutions like Standard Chartered UK and Barclays UK investing heavily.Ukraine showcases growing crypto adoption, with increasing community involvement and cryptocurrency payment platforms.ETFs, particularly Bitcoin ETFs like BlackRock's iShares, gain traction, boosting confidence in crypto as a mainstream investment.Recognition of Ether as a security by the SEC could impact various sectors, potentially benefiting Bitcoin.Stablecoins play a crucial role, with 35% of banks supporting their issuance, although regulatory concerns persist.Security remains a primary concern, with measures like regular security checks and cold storage employed to protect assets.Regulatory uncertainty, legal discrepancies, and market volatility pose challenges, but efforts to address these issues are underway.Despite hurdles, the crypto banking sector is evolving, driven by increased transparency and customer interest, though security, regulatory clarity, and market stability remain focal points for improvement.
Breaking News 🔥🔥🔥
BTC breached just the 66k level, optober is officially back.
Now we will work out a new ATH.
As expected the Chinese stimulus packet have turned today a lot of Asian traders in. What can we expect tomorrow or next week? Remember China vouched to give an UNLIMITED stimulus packet what can be adjusted any time with needs.
Super bullish. Let's see how the American react to the market and especially the ETF companies.
#ETF✅ #BullRunLoading #Bitcoin❗
buy $BTC here ‼️‼️
BTC breached just the 66k level, optober is officially back.
Now we will work out a new ATH.
As expected the Chinese stimulus packet have turned today a lot of Asian traders in. What can we expect tomorrow or next week? Remember China vouched to give an UNLIMITED stimulus packet what can be adjusted any time with needs.
Super bullish. Let's see how the American react to the market and especially the ETF companies.
#ETF✅ #BullRunLoading #Bitcoin❗
buy $BTC here ‼️‼️
📈 SNX /USDT
⭐️ Position: LONG
⭐️ Mode: Cross
⭐️ Leverage: 25x
⭐️ Margin: 2%-4%
🌟 Entry: $2.941
🌟 Targets: $3,000
🌟 Stop Loss: HODL
⚠️ Must use the Stop-loss Because future trading is a bit risky. I will try my best to sharer a very good Calls with you. Don't over trade or don't use over leverage. Follow risk management for taking any of future calls.
#Megadrop #bitcoinhalving #Token2049 #ETF✅ #Memecoins
⭐️ Position: LONG
⭐️ Mode: Cross
⭐️ Leverage: 25x
⭐️ Margin: 2%-4%
🌟 Entry: $2.941
🌟 Targets: $3,000
🌟 Stop Loss: HODL
⚠️ Must use the Stop-loss Because future trading is a bit risky. I will try my best to sharer a very good Calls with you. Don't over trade or don't use over leverage. Follow risk management for taking any of future calls.
#Megadrop #bitcoinhalving #Token2049 #ETF✅ #Memecoins
TOP 3 PRICE PREDICTION BITCOIN, ETHEREUM, RIPPLE: ALTCOINS TO PUMP ONCE BTC BOTTOMS OUT, SLOW GRIND UP FOR NOW
Bitcoin (BTC) price slipped below $60,000 on Wednesday as markets tried to front-run the Federal Open Market Committee (FOMC) meeting.
In the mid-April meeting, the Fed alleged new uncertainty concerning whether it could cut rates later this year because of inflation data from the previous quarter. This had markets anticipate a rate hike, causing Bitcoin price to dump, going as low as the $56K range.
In a surprising twist on Wednesday, however, the Fed decided to keep rates unchanged, with the improved sentiment sending BTC back into the $58,000 range.
The sentiment has extended to Ethereum (ETH) and Ripple (XRP) prices as they continue to hold above key support levels.
KEY LEVEL TO WATCH AS BITCOIN PRICE SLOWLY GRINDS UP
Bitcoin price drop on Wednesday saw it draw close to testing the Bull Market Support Band at $55,831. However, dovish news from the FOMC may have turned around fortunes as the BTC price is slowly grinding up. If the bulls can manage to haul BTC back above the $59,200 level, it could solidify the recovery, effectively meaning that BTC has bottomed out at $56,552.
In the meantime, Bitcoin price remains in the woods amid falling momentum and growing bearish sentiment, as shown by the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators.
If the Bull Market Support band fails to hold as support, Bitcoin price could extend the fall toward the $52,000 threshold, or in a dire case, test the $50,000 psychological level.
Conversely, with the RSI holding well above the mean level of 50, and the AO still in positive territory, all hope is not lost for BTC bulls. And while a flip of $59,200 into support would solidify a recovery rally, the bearish thesis will only be invalidated once BTC breaks and closes above $72,000.
Source: Fxstreet
#Megadrop #LatestNews #ETF✅ $BTC
Bitcoin (BTC) price slipped below $60,000 on Wednesday as markets tried to front-run the Federal Open Market Committee (FOMC) meeting.
In the mid-April meeting, the Fed alleged new uncertainty concerning whether it could cut rates later this year because of inflation data from the previous quarter. This had markets anticipate a rate hike, causing Bitcoin price to dump, going as low as the $56K range.
In a surprising twist on Wednesday, however, the Fed decided to keep rates unchanged, with the improved sentiment sending BTC back into the $58,000 range.
The sentiment has extended to Ethereum (ETH) and Ripple (XRP) prices as they continue to hold above key support levels.
KEY LEVEL TO WATCH AS BITCOIN PRICE SLOWLY GRINDS UP
Bitcoin price drop on Wednesday saw it draw close to testing the Bull Market Support Band at $55,831. However, dovish news from the FOMC may have turned around fortunes as the BTC price is slowly grinding up. If the bulls can manage to haul BTC back above the $59,200 level, it could solidify the recovery, effectively meaning that BTC has bottomed out at $56,552.
In the meantime, Bitcoin price remains in the woods amid falling momentum and growing bearish sentiment, as shown by the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators.
If the Bull Market Support band fails to hold as support, Bitcoin price could extend the fall toward the $52,000 threshold, or in a dire case, test the $50,000 psychological level.
Conversely, with the RSI holding well above the mean level of 50, and the AO still in positive territory, all hope is not lost for BTC bulls. And while a flip of $59,200 into support would solidify a recovery rally, the bearish thesis will only be invalidated once BTC breaks and closes above $72,000.
Source: Fxstreet
#Megadrop #LatestNews #ETF✅ $BTC
The #bitcoin halving is in 2 days.
I told you that you would make millions this crypto bull run.
And that is true,
But,
It’s not the whole truth.
You see most of you are NOT going to win.
Even though you are here at the right time.
You are here before the halving.
You have a good amount of capital.
Yet you will still LOSE.
Why?
You will make the same mistake as 90% of people.
Only to end up in a worse position than you started.
But here’s how you can avoid that:
- Make sure you are taking profits.
No one talks about this.
Should I tell you why?
Because it’s easy for you to make money in this space.
Trillions of dollars will enter.
Everyone will make money.
But keeping it is hard.
If you don’t sell at the right time, you won’t realise those gains.
And most people can’t do that.
Listening to people here blindly won’t help either.
That’s the first thing you need to stop doing.
Don’t even listen to me blindly.
Go on to your own chart,
See if it aligns with you.
See if you agree with my thesis and analysis.
If you do,
Only then you use me as extra confluence.
Look, don’t let greed cloud your judgment.
And don’t let fear dictate your actions.
I’m only telling you this because I genuinely want you to win.
I want as many of my followers to be millionaires.
So start by looking into these projects:
$WEN
$JUP
$RNDR
$MYRO
I’m going to make it happen, inshallah.
#memecoins #ETF✅ #BitEagleNews #Binance
I told you that you would make millions this crypto bull run.
And that is true,
But,
It’s not the whole truth.
You see most of you are NOT going to win.
Even though you are here at the right time.
You are here before the halving.
You have a good amount of capital.
Yet you will still LOSE.
Why?
You will make the same mistake as 90% of people.
Only to end up in a worse position than you started.
But here’s how you can avoid that:
- Make sure you are taking profits.
No one talks about this.
Should I tell you why?
Because it’s easy for you to make money in this space.
Trillions of dollars will enter.
Everyone will make money.
But keeping it is hard.
If you don’t sell at the right time, you won’t realise those gains.
And most people can’t do that.
Listening to people here blindly won’t help either.
That’s the first thing you need to stop doing.
Don’t even listen to me blindly.
Go on to your own chart,
See if it aligns with you.
See if you agree with my thesis and analysis.
If you do,
Only then you use me as extra confluence.
Look, don’t let greed cloud your judgment.
And don’t let fear dictate your actions.
I’m only telling you this because I genuinely want you to win.
I want as many of my followers to be millionaires.
So start by looking into these projects:
$WEN
$JUP
$RNDR
$MYRO
I’m going to make it happen, inshallah.
#memecoins #ETF✅ #BitEagleNews #Binance