Binance Square
LIVE
Awais_bhatti
@awaisbhatti_cryptoguide
follow me on binance square
Following
Followers
Liked
Shared
All Content
LIVE
--
Bullish
who make a good profit today ? By trade using anycurrency 💱#BTC #DOGE #SHIB #BNB" $BNB $XRP $BTC pl follow me on binance square
who make a good profit today ?
By trade using anycurrency 💱#BTC #DOGE #SHIB #BNB" $BNB $XRP $BTC

pl

follow me on binance square
today BTC on fire 🔥 🔥🔥🔥🔥🔥🔥🔥🔥 do you agree #BTC $BNB $BTC follow me on binance square
today BTC on fire 🔥 🔥🔥🔥🔥🔥🔥🔥🔥
do you agree #BTC $BNB $BTC

follow me on binance square
#BTC #trending Bitcoin Bites the Dust: Why Did the King of Crypto Crater? Buckle up, crypto cowboys, because Bitcoin just took a tumble off the digital cliff, plummeting below $41,000 and sending shockwaves through the entire cryptoverse. Even Peter Schiff, the perma-bear of gold and Bitcoin's sworn enemy, is gleefully crowing about the "Eagle-sized beatdown" the flagship crypto is taking. But what exactly triggered this nosedive? On-chain sleuths point to a few key culprits: Overheating: Bitcoin's recent rally past $40,000 was like pushing a car too hard up a hill – it overheated. According to Julio Moreno of CryptoQuant, this "exuberance" made a correction inevitable. Profit-taking: When Mara Pool, a major mining player, decided to cash out some Bitcoin holdings, it sent a ripple of anxiety through the market. This move suggested even the big fish were locking in profits, raising concerns about the sustainability of the rally. Selling pressure: With more than half of Bitcoin's holders seeing profits, the temptation to take some chips off the table reached a tipping point. This selling pressure overwhelmed the buy orders, pushing the price down. But is this the end of the Bitcoin bull run? Not so fast, say some analysts. Christopher Inks, a renowned trader, sees this dip as a healthy correction, a potential springboard for future gains. He points out that Bitcoin's recent bounce off the R2 pivot shows signs of resilience. The climb back to the top won't be easy, though. Bitcoin needs to break through the R3 pivot and reclaim lost ground to truly signal a bullish revival. Only then can the crypto cowboys dust themselves off and get back on the trail. So, is Bitcoin down for the count? Or will it rise like a phoenix from the ashes? One thing's for sure: the next few weeks will be a wild ride in the crypto rodeo. Stay buckled up. #BTC $BTC
#BTC #trending

Bitcoin Bites the Dust: Why Did the King of Crypto Crater?

Buckle up, crypto cowboys, because Bitcoin just took a tumble off the digital cliff, plummeting below $41,000 and sending shockwaves through the entire cryptoverse. Even Peter Schiff, the perma-bear of gold and Bitcoin's sworn enemy, is gleefully crowing about the "Eagle-sized beatdown" the flagship crypto is taking.

But what exactly triggered this nosedive? On-chain sleuths point to a few key culprits:

Overheating: Bitcoin's recent rally past $40,000 was like pushing a car too hard up a hill – it overheated. According to Julio Moreno of CryptoQuant, this "exuberance" made a correction inevitable.

Profit-taking: When Mara Pool, a major mining player, decided to cash out some Bitcoin holdings, it sent a ripple of anxiety through the market. This move suggested even the big fish were locking in profits, raising concerns about the sustainability of the rally.

Selling pressure: With more than half of Bitcoin's holders seeing profits, the temptation to take some chips off the table reached a tipping point. This selling pressure overwhelmed the buy orders, pushing the price down.

But is this the end of the Bitcoin bull run? Not so fast, say some analysts. Christopher Inks, a renowned trader, sees this dip as a healthy correction, a potential springboard for future gains. He points out that Bitcoin's recent bounce off the R2 pivot shows signs of resilience.

The climb back to the top won't be easy, though. Bitcoin needs to break through the R3 pivot and reclaim lost ground to truly signal a bullish revival. Only then can the crypto cowboys dust themselves off and get back on the trail.

So, is Bitcoin down for the count? Or will it rise like a phoenix from the ashes? One thing's for sure: the next few weeks will be a wild ride in the crypto rodeo. Stay buckled up.

#BTC $BTC
looking for a crypto currency in which I invest and gain big profit help me to find
looking for a crypto currency in which I invest and gain big profit help me to find
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More

Trending Articles

avatar
Diganta
View More
Sitemap
Cookie Preferences
Platform T&Cs