$BTC #alcista 🔵 Is Bitcoin rising, altcoins falling? Don’t worry! Here’s why 🚀 As Bitcoin skyrockets, it’s not uncommon to see altcoins taking a temporary backseat. BTC dominance often increases during major Bitcoin rallies, which can lead to short-term declines in altcoin performance. But don’t panic, this is part of the market cycle. Here’s what usually happens: 1️⃣ Bitcoin leads the charge: Investors focus on BTC during its rally, causing a decrease in altcoin liquidity. 2️⃣ Market correction follows: After Bitcoin reaches a key resistance or slows down, funds typically rotate into altcoins. 3️⃣ Altcoins take off: Lower BTC dominance creates space for altcoins to surge, especially if market sentiment remains bullish. If Bitcoin stabilizes or corrects in the coming days, it’s likely that altcoins will experience a strong recovery. Timing is key: this phase could be the precursor to an altcoin season! Keep an eye on BTC dominance and key support levels to spot the rotation. Patience is crucial in this phase. Altcoins may be down for now, but history shows they could soon shine brighter than ever! 🌟 #BTC $BTC
ALERT with this crypto🚨🚨🚨 Turbo today made me lose 300 dollars today😭😭, I closed my Operation before it liquidated me it seems that this crypto is going to fall and will not recover until never turbo and thanks for making me lose my money #turboScan #turbomemeestafa $TURBO
Bitcoin bounced off the support at $56,552 on July 12 and rose above the 20-day simple moving average ($59,422) on July 14, indicating that the bulls are attempting a comeback. The positive divergence in the Relative Strength Index (RSI) suggests that selling pressure is reducing. If buyers hold the price above the 20-day SMA, the probability of a rally to the crucial level of $64,602 increases. However, the bears are unlikely to give up without a fight. They will try to defend the 20-day SMA and push the price below it. If they manage to do that, the BTC/USDT pair could retest the support at $56,552. The bulls pushed the price above the downtrend line on the 4-hour chart but are struggling to hold the higher levels. This suggests that the bears are trying to catch the aggressive bulls by driving the price down further. If the price pulls back, it is likely to find support at the 20-SMA. If the price bounces off the 20-SMA, it will indicate a change in sentiment from selling on the rise to buying on the decline. This will increase the prospects of a rally to $64,602. On the contrary, if the bears take the price below the moving averages, it will indicate that they are still in control. The pair could fall to USD 56,552 and finally USD 53,485. #BTC #BinanceTurns7 $BTC
Bitcoin bounced off the $56,552 support on July 12 and rose above the 20-day simple moving average ($59,422) on July 14, indicating that the bulls are attempting a comeback. The positive divergence on the relative strength index (RSI) suggests that the selling pressure is easing. If the buyers sustain the price above the 20-day SMA, it increases the probability of a rally to the crucial $64,602 level. However, the bears are unlikely to give up without a fight. They will try to defend the 20-day SMA and push the price below it. If they manage to do that, the BTC/USDT pair could retest the $56,552 support. The bulls pushed the price above the downtrend line on the 4-hour chart but are struggling to sustain the higher levels. This suggests that the bears are trying to trap the aggressive bulls by pushing the price lower. If the price turns back, it is likely to find support at the 20-SMA. If the price rebounds off the 20-SMA, it will indicate a shift in sentiment from selling on rallies to buying on dips. This will increase the prospects of a rally to $64,602. Conversely, if the bears sink the price below the moving averages, it will indicate that they are still in command. The pair could drop to $56,552 and eventually to $53,485. #BinanceTurns7 #BTC $BTC
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#Write2Earn $BTC Bitcoin breaks the $50,000 barrier. It hadn't done so for more than two years. Cryptocurrencies are getting back on track. After the records of 2021, they had their own annus horribilis in 2022, but the sector has been recovering in recent months. The best proof is that bitcoin has been giving us, which yesterday again surpassed $50,000 in value, something it hadn't achieved for more than two years. One BTC at (more than) $50,000. The cryptocurrency has already grown in value by 16.3% so far this year, and yesterday Monday it reached its highest value since December 27, 2021. At 18:56 CEST the cryptocurrency reached the level of $50,000 and surpassed that psychological barrier for the first time after more than two particularly complex years full of scandals and debacles. The first time it surpassed that value was in February 2021, but then bitcoin fell significantly to temporarily rise again Other cryptos follow in the wake. As is often the case in this area, the increases were widespread and other cryptocurrencies also rose significantly throughout the day yesterday. Ethereum has risen by 5.79% in the last 24 hours according to CoinMarketCap and Solana by 7.18%. And the exchanges are also on the rise. The first to benefit, in addition to investors, were the exchanges that are listed on the stock exchange, which also saw their shares rise significantly. Coinbase rose by 4.9%, while mining companies Riot Platforms and Marathon Digital rose by 10.8% and 11.9% respectively. MicroStrategy, which has been accumulating bitcoins for months, rose by 10.2% on the stock market.
Two factors: first, ETFs. The increases are mainly motivated by two factors. First, the approval of bitcoin-based ETFs, which allow conventional investors to access these products. Although after their launch there was a drop in the value of bitcoin and other cryptocurrencies, things have recovered since then. $BTC
#Write2Earn Whales accumulated 140,000 BTC in 3 weeks. In the last few days, large investors have spent USD 6.16 billion in bitcoin. Bitcoin (BTC) whales, which are entities or people holding more than 1,000 BTC, have returned to the path of coin accumulation. In the last 21 days, these investors have bought hundreds of thousands of BTC, spending just over USD 6 billion. According to bitcoin trader and market analyst Ali Martinez, in the last three weeks whales have bought a total of 140,000 BTC, an investment equivalent to USD 6.16 billion. For Martinez, “whales have been buying frantically” for several days. With the recent acquisition, whales now hold at least 4.84 million bitcoins in custody. And in total, there are about 2,063 active BTC whales currently, according to data provided by Look Into Bitcoin. Mega-buys by whales are often interpreted in the market as a possible and upcoming price increase for bitcoin. In fact, as seen in the chart below, bitcoin purchases by whales have been increasing as the price of BTC has recovered from the drop to less than $40,000, seen after the approval of exchange-traded funds (ETFs) in the United States on January 10. At the close of this report, the price of bitcoin is hovering around $48,200, according to data from CoinMarketCap. This is an increase of 2% compared to yesterday and 12.4% in a week. The increase erases the losses of almost a month ago, when BTC fell to $38,000. The price increase that Bitcoin has had in recent days also responds to the proximity of the Bitcoin Halving, an important mechanism that reduces the rewards for mining Bitcoin by half. The halving promotes the accumulation of BTC, which leads to an increase in demand and a reduction in supply.All of this is a formula that translates into an increase in price.