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bitcoinupdate2024
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BEAUTY WINGS
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#bitcoinupdate2024 is at a crucial level here. Not holding up at $60K and I think we'll have a final wash to $52-55K after which the upwards momentum continues.#$BTC
#bitcoinupdate2024 is at a crucial level here.

Not holding up at $60K and I think we'll have a final wash to $52-55K after which the upwards momentum continues.#$BTC
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Bullish
šŸšØ BREAKING šŸšØ A WHALE HAS BOUGHT 1590.14 BTC WORTH $106 MILLION IN THE PAST 24 HOURSĀ  Ā  WHETHER ITS BIG BANKS, PENSION FUNDS, OR WHALES, EVERYONE IS ACCUMULATING BITCOIN.$BTC #BTC #bitcoinupdate2024
šŸšØ BREAKING šŸšØ

A WHALE HAS BOUGHT 1590.14 BTC WORTH $106 MILLION IN THE PAST 24 HOURSĀ 
Ā 
WHETHER ITS BIG BANKS, PENSION FUNDS, OR WHALES, EVERYONE IS ACCUMULATING BITCOIN.$BTC #BTC #bitcoinupdate2024
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Bearish
Cardano (ADA) experiences a bullish hourly Golden Cross raising hopes of a rally, while XRP is predicted to be a 'sleeping giant' ready to awaken. FRIEND, AKT, and GRT prices surge as Bitcoin drops below $62k. The unveiling of a #Shiba Doge hybrid leads to an anticipated 8,000% surge, contrasting the struggles of Shiba Inu and Dogecoin. Bitcoin's rally is halted with a price drop below $61k, but a hacker's return of $47 million in #ETH brings a positive twist. Bitcoin and altcoins face a sharp decline, stirring up concerns in the crypto market. Bitcoin ETFs are poised to impact BTC prices, according to Peter Schiff, as Bitcoin and Ethereum prices tumble amid over $150 million in crypto liquidations. Kraken battles the SEC in a lawsuit while a Hong Kong issuer seeks a spot Bitcoin ETF in China. Notable developments include EigenLayer's $15B token launch and the return of a $70M scam refund, adding intrigue to the ever-evolving cryptocurrency landscape. $ADA $BTC #bitcoinupdate2024 #btc
Cardano (ADA) experiences a bullish hourly Golden Cross raising hopes of a rally, while XRP is predicted to be a 'sleeping giant' ready to awaken. FRIEND, AKT, and GRT prices surge as Bitcoin drops below $62k. The unveiling of a #Shiba Doge hybrid leads to an anticipated 8,000% surge, contrasting the struggles of Shiba Inu and Dogecoin. Bitcoin's rally is halted with a price drop below $61k, but a hacker's return of $47 million in #ETH brings a positive twist. Bitcoin and altcoins face a sharp decline, stirring up concerns in the crypto market.

Bitcoin ETFs are poised to impact BTC prices, according to Peter Schiff, as Bitcoin and Ethereum prices tumble amid over $150 million in crypto liquidations. Kraken battles the SEC in a lawsuit while a Hong Kong issuer seeks a spot Bitcoin ETF in China. Notable developments include EigenLayer's $15B token launch and the return of a $70M scam refund, adding intrigue to the ever-evolving cryptocurrency landscape.
$ADA $BTC #bitcoinupdate2024 #btc
Why is Bitcoin dumping?WHY IS BITCOIN DUMPING?āš ļø (Fundamental Reasons)šŸšØ BTC recently dropped below $61,000, making a new monthly low of $60.5K Here are some of the major reasons behind this BTC dumpšŸ“ā€ā˜ ļøšŸ‘‡šŸ» 1) Mt. Gox distributionšŸ˜„ Just a few hours ago,Bloomberg reported that Mt. Gox had announced plans to distribute 143K BTC to its creditors starting in July.This will add huge seling pressure on BTC, and that's why the market is dumping in panic. 2) Miners sellingšŸ™‚ In the month of June, miners selling reached a yearly high.Miners sold around 30K worth $1.8B in the first 3 weeks. 3) Huge ETF outflowsšŸ¤© Since June 15, Bitcoin ETFs have experienced nearly $1B in outflows It has experienced seven consecutive trading days of outflow, and it still seems like there could be more to come. 4) The German government dumpšŸ˜• Beside miners and ETFs, the German government is also selling BTC.It has sold over $200M worth of BTC and still holds over $2.8B worth of it.All of this has caused spot selling along with massive forced liquidations.In the long run, BTC is still going to $100K+, and you need to HODL your bags; otherwise, you'l always buy high and sell low.šŸ˜‡ I think its buying opportunity for most people. Invest and forget kind of thing. Altcoins are on the floor. Its a good opportunity to buy. #MtGoxJulyRepayments #bitcoinupdate2024 #bitcoin #altcoins #binance #CryptoNewss $BTC {spot}(BTCUSDT)

Why is Bitcoin dumping?

WHY IS BITCOIN DUMPING?āš ļø
(Fundamental Reasons)šŸšØ
BTC recently dropped below $61,000, making a new monthly low of $60.5K
Here are some of the major reasons behind this BTC dumpšŸ“ā€ā˜ ļøšŸ‘‡šŸ»
1) Mt. Gox distributionšŸ˜„
Just a few hours ago,Bloomberg reported that Mt. Gox had announced plans to distribute 143K BTC to its creditors starting in July.This will add huge seling pressure on BTC, and that's why the market is dumping in panic.
2) Miners sellingšŸ™‚
In the month of June, miners selling reached a yearly high.Miners sold around 30K worth $1.8B in the first 3 weeks.
3) Huge ETF outflowsšŸ¤©
Since June 15, Bitcoin ETFs have experienced nearly $1B in outflows It has experienced seven consecutive trading days of outflow, and it still seems like there could be more to come.
4) The German government dumpšŸ˜•
Beside miners and ETFs, the German government is also selling BTC.It has sold over $200M worth of BTC and still holds over $2.8B worth of it.All of this has caused spot selling along with massive forced liquidations.In the long run, BTC is still going to $100K+, and you need to HODL your bags; otherwise, you'l always buy high and sell low.šŸ˜‡

I think its buying opportunity for most people. Invest and forget kind of thing. Altcoins are on the floor. Its a good opportunity to buy. #MtGoxJulyRepayments #bitcoinupdate2024 #bitcoin #altcoins #binance #CryptoNewss $BTC
DIPS ARE for buying not selling big up side move coming soon are u full with your bags for selling when u need to buy !! #bitcoinupdate2024
DIPS ARE for buying not selling big up side move coming soon are u full with your bags for selling when u need to buy !! #bitcoinupdate2024
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Bullish
$šŸŖ™ Latest Crypto News Today šŸŖ™ "Crypto markets continue to see significant volatility with Bitcoin prices soaring to new highs, while Ethereum follows close behind. Key updates include the rise of new altcoins and the expansion of blockchain technologies in financial systems worldwide. Stay tuned for the latest market trends and investment insights as the crypto space evolves rapidly." #CryptoNews #bitcoinupdate2024 #Write2Earn! #DOGSONBINANCE #DigitalCurrency
$šŸŖ™ Latest Crypto News Today šŸŖ™

"Crypto markets continue to see significant volatility with Bitcoin prices soaring to new highs, while Ethereum follows close behind. Key updates include the rise of new altcoins and the expansion of blockchain technologies in financial systems worldwide. Stay tuned for the latest market trends and investment insights as the crypto space evolves rapidly."

#CryptoNews
#bitcoinupdate2024
#Write2Earn!
#DOGSONBINANCE
#DigitalCurrency
šŸ“ˆ Bitcoin rebounds on US labor market data. ETF flows negative. $66K potential trap zone. Short-term NUPL negative, indicating fear. Vanguard Red on daily, Long Vs Short favors Longs. Waiting for bullish signs for signals. Stay tuned for updates. šŸ“ˆšŸ’” #NUPL #bitcoinupdate2024
šŸ“ˆ Bitcoin rebounds on US labor market data. ETF flows negative. $66K potential trap zone. Short-term NUPL negative, indicating fear. Vanguard Red on daily, Long Vs Short favors Longs. Waiting for bullish signs for signals. Stay tuned for updates. šŸ“ˆšŸ’” #NUPL #bitcoinupdate2024
Bitcoin is currently experiencing bearish trends, with the price around $62,886.74. The chart indicates lower highs and lower lows, suggesting continued pressure. Key support is near $60,000, and resistance stands at $64,217.43. Monitor these levels closely and consider the significant selling pressure shown by recent trading data. Advice: Approach BTC with caution and stay informed about the market dynamics. Read the full [Article](https://app.binance.com/uni-qr/cart/9886767124266?l=en&r=150575291&uc=web_square_share_link&uco=HHrsHM0d-QAP19esInk_8Q&us=copylink) for more insights. #bitcoinā˜€ļø #bitcoinupdate2024
Bitcoin is currently experiencing bearish trends, with the price around $62,886.74.

The chart indicates lower highs and lower lows, suggesting continued pressure.

Key support is near $60,000, and resistance stands at $64,217.43. Monitor these levels closely and consider the significant selling pressure shown by recent trading data.

Advice: Approach BTC with caution and stay informed about the market dynamics.

Read the full Article for more insights.

#bitcoinā˜€ļø #bitcoinupdate2024
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Bearish
Bitcoin bottomed at $56K? BTC price chart hints at breakout within days Adding to the bullish technical formation, Bitcoin's distribution 'danger zone' has officially ended, according to popular analyst Rekt Capital. A popular Bitcoin chart formation suggests that Bitcoin's BTC tickers down $61,863 price could break out from its current range. However, this week's macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside? Is a Bitcoin breakout imminent? On the four-hour chart, Bitcoin price printed an inverse head and shoulders pattern, a formation used by technical analysts to predict the reversal of a previous downtrend. Based on the technical formation, Bitcoin could rally to the upside if a break above the trendline occurs, according to a May 13 X post from crypto investor Quinten Francois, who wrote: ā€œInverse head and shoulders pattern spotted on the $BTC chart. Not the most beautiful iH&S I've ever seen, but I'll take it. Different ways to draw the neckline too, but this way makes the most sense to me. Break the neckline for further price recovery!ā€ #bitcoinhalving #Bitcoinblockchain #bitcoinupdate2024 $ETH $BNB $SOL
Bitcoin bottomed at $56K? BTC price chart hints at breakout within days

Adding to the bullish technical formation, Bitcoin's distribution 'danger zone' has officially ended, according to popular analyst Rekt Capital.

A popular Bitcoin chart formation suggests that Bitcoin's
BTC

tickers down
$61,863

price could break out from its current range. However, this week's macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside?

Is a Bitcoin breakout imminent?
On the four-hour chart, Bitcoin price printed an inverse head and shoulders pattern, a formation used by technical analysts to predict the reversal of a previous downtrend.

Based on the technical formation, Bitcoin could rally to the upside if a break above the trendline occurs, according to a May 13 X post from crypto investor Quinten Francois, who wrote:

ā€œInverse head and shoulders pattern spotted on the $BTC chart. Not the most beautiful iH&S I've ever seen, but I'll take it. Different ways to draw the neckline too, but this way makes the most sense to me. Break the neckline for further price recovery!ā€

#bitcoinhalving #Bitcoinblockchain #bitcoinupdate2024
$ETH $BNB $SOL
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Bearish
$BTC 15 minutes chart update: bitcoin is trading at around $58,178, showing a significant drop of -1.35%. Hereā€™s an analysis based on the current setup: Key Observations: 1. Price Action: ā€¢ The price has broken below the previous support level (marked by BOS - Break of Structure) around $58,280. ā€¢ It attempted to test this level again but was rejected, confirming it as a new resistance level. Resistance and Support: The chart shows significant resistance around the $59,382 area, which the price has failed to break above. And The current support seems to be around the $57,840-$57,750 area, as indicated by the recent bottom. Given the current scenario: ā€¢ Bearish Outlook: ā€¢ If the price fails to break back above $58,421 (marked by the purple line), it might continue to move downward toward the next support level at $57,750. ā€¢ A break below this support could lead to further downside, with potential targets around $57,500 or lower. ā€¢ Bullish Reversal: ā€¢ A reversal would require the price to break and hold above the $58,421 level with strong momentum. ā€¢ If the price can break above this level, it may target the $59,000-$59,382 resistance area. #bitcoinā˜€ļø #BinanceSquareFamily #bitcoinupdate2024
$BTC 15 minutes chart update: bitcoin is trading at around $58,178, showing a significant drop of -1.35%. Hereā€™s an analysis based on the current setup: Key Observations:

1. Price Action:
ā€¢ The price has broken below the previous support level (marked by BOS - Break of Structure) around $58,280.
ā€¢ It attempted to test this level again but was rejected, confirming it as a new resistance level.
Resistance and Support:
The chart shows significant resistance around the $59,382 area, which the price has failed to break above. And The current support seems to be around the $57,840-$57,750 area, as indicated by the recent bottom.
Given the current scenario:

ā€¢ Bearish Outlook:
ā€¢ If the price fails to break back above $58,421 (marked by the purple line), it might continue to move downward toward the next support level at $57,750.
ā€¢ A break below this support could lead to further downside, with potential targets around $57,500 or lower.
ā€¢ Bullish Reversal:
ā€¢ A reversal would require the price to break and hold above the $58,421 level with strong momentum.
ā€¢ If the price can break above this level, it may target the $59,000-$59,382 resistance area.
#bitcoinā˜€ļø
#BinanceSquareFamily
#bitcoinupdate2024
See original
šŸ“ØšŸ’ÆšŸ‘ˆRemember. Well, Bitcoin did not correct 64164. It may reach 64023. Remember this post well. I will remind you soon.... I still stand by my first words The beginning of the bull run begins. When Bitcoin touches this point, the digital currencies will explode. What is happening now is a game of the whale. And you and I benefit from itšŸ’Æ ____ #MarketDownturn #BinanceTurns7 #bitcoin #BTCUSDT #bitcoinupdate2024 $BTC
šŸ“ØšŸ’ÆšŸ‘ˆRemember. Well, Bitcoin did not correct 64164. It may reach 64023. Remember this post well. I will remind you soon.... I still stand by my first words
The beginning of the bull run begins. When Bitcoin touches this point, the digital currencies will explode.
What is happening now is a game of the whale. And you and I benefit from itšŸ’Æ
____
#MarketDownturn
#BinanceTurns7
#bitcoin
#BTCUSDT
#bitcoinupdate2024
$BTC
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