BTC &MEME COIN URGENT UPDATE๐จ
๐จ Urgent Crypto Market Update!๐จ
๐After a massive crash where Bitcoin (BTC) dropped to $10k, meme coins have been hit hard. ๐
๐Their bullish phase, with daily jumps of 40-50%, seems to have ended. ๐ข
Current State of Meme Coins:
๐ Some are in a phase of accumulation (buying in anticipation of future gains), while others are seeing a decrease in value. ๐
๐The hype around them has decreased, with coins like Pepe and SHIB facing resistance. For instance, Pepe struggles to rise above $800. ๐
Future Prospects:
๐Meme coins might only start to pump (increase significantly in value) if BTC stabilizes above $67k. ๐
๐If BTC falls, expect meme coins to drop even more sharply. ๐
Strategy Advice:
๐Consider taking profits now. If you're currently at a loss, holding might be wise until BTC hits $67k, as meme coins could rise again. ๐
๐Essentially, their fate is closely tied to BTC's performance. ๐
Bitcoin (BTC) Update:
๐ BTC is currently in an accumulation phase, recently failing to breach the $67,500 mark. ๐
๐It's unlikely to fall below $59k, with expectations of a rise to around $69k soon. ๐
๐Big institutional buyers like Blackrock are purchasing BTC in large amounts, viewing the dip as an opportunity. ๐๏ธ
Rest & Return:
Taking a short break but will return with updates, especially if there's potential for a pump. โฐ
