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Michael Saylor Says Forget Stocks—
Bitcoin
Is the Real Long-Term Bet
$GMT
#BURNGMT
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Now Stomach Clear, Ready For Run for next Target 🐂 #BTC $BTC
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Don't Panic Dear Long Traders . I ran a lot, had indigestion 💩 so I'm cleaning my stomach in the washroom. Wait, I'll run fast again when it’s finished ⌛ Hold with patience please 🥵🫂 #BTC #DOGE #ADA $BTC $ETH $XRP
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Bitcoin has reclaimed the $97,000 mark with a 24-hour trading volume of $100.528 billion. Notably, the largest cryptocurrency by market cap has displayed a neutral price action over the last week, highlighting a cool-off phase for it. The Simple Moving Average (SMA) shows a bearish convergence in the daily time frame. This displays an increase in the selling-over-buying pressure for the Bitcoin token in the market. The Moving Average Convergence Divergence (MACD) records a constant red histogram, with its averages showing a steady decline in the BTC price chart. This suggests a negative outlook for the largest token by market capitalization. If the BTC token regains momentum, it may reclaim its $98,000 mark. If the bulls gain traction, this could push the price of Bitcoin toward the $100,000 mark. However, a bearish action could pull the price toward $95,000. Furthermore, if the bears dominate the crypto space, the price of Bitcoin could plunge toward its low of $92,000 today. #BTC #2024withBinance #ETH $BTC $ME $XRP
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The Bitcoin dominance chart is showing a decline, currently at around 55%, after breaking a key support level at 57%. This confirms that altcoins are likely to outperform Bitcoin in the near future, hinting at a start of a major altcoin season. #BTC #BTC100K $BTC
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The Bitcoin liquidation heat map shows significant liquidity building around $104,000 to $105,000. If Bitcoin breaks above this level, we could see a short squeeze, pushing the price higher. There are also other liquidity levels between $102,000 and $105,000, which could play a role in future price action. #BTC #2024withBinance $BTC
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