Anyone saying such things simply doesn't understand the crypto cycle and on-chain indicators.
Here's why $74k is not the Bitcoin top
1) On-Chain indicators signalling correction
Every major on-chain indicator like the MVRV Z-Score, NUPL, and Pi Cycle Top is indicating a normal correction, which usually happens during every bull run.
2) No Major drop
During the 2017 peak, BTC dropped 50% in a month
During the 2021 peak, BTC dropped 40% in a month
This time, BTC hit a new ATH of $74K on March 14th, and since then, it's only been down 16% in 45 days.
This clearly indicates a mid-cycle correction rather than a blow-off top.
3) Bitcoin pricing in every major FUD
Since Bitcoin Halving, several FUDs like Mt. Gox selling, FBI warning, rate cut delay, and a war situation have hit the market, but BTC is still trading above $60k
This type of strength usually occurs only during a bull market.
4) More Bullish News Coming
From tomorrow, Hong Kong Spot ETFs will start trading
Along with that, the Australian Securities Exchange is also expected to approve Bitcoin ETFs in 2024
FASB rule, rate cuts will happen in 2024 too, and the market hasn't priced in these events.
So, don't overthink the BTC top and use this opportunity to DCA into your favourite coins.
$BTC Is Currently Forming A Falling Wedge pattern In Lower Timeframe, Which Can be Bullish. If It Breaks Toward The Upside, We Will Test $67,000 First.
I was really into cryptocurrency trading and decided to use Binance's P2P platform to buy some USDT. I found a seller who offered a great deal,
Everything seemed fine at first. I transferred the money to the seller's account and waited for the USDT to be released. But unfortunately, the seller turned out to be a scammer. They disappeared without releasing the USDT or responding to any of my messages.
I was disappointed and frustrated by the scam. It was a lesson for me to be extra cautious when using P2P platforms for cryptocurrency transactions. I realized the importance of thoroughly researching the seller's reputation and reading user reviews before making any transactions.
Remember, my friend, it's always important to exercise caution and do your due diligence when engaging in cryptocurrency transactions. If you ever need advice or have questions about trading or online scams, feel free to ask me. Stay safe and keep exploring the exciting world. #ScamRiskWarning @Binance Risk Sniper
- BTC crash from $69k to $15.4k - LUNA to $0 by Do kwon - 3AC going from $18bln to $0 - Celsius and voyager bankrupt - FTX / FTT Meltdown - USDC de-peg - Binance bank run - CZ stepping down - SEC suing everyone - 2 year bear market
Please start taking responsibility of your own trades. Never take advice from anyone on Binance feed, Twitter, or anywhere else, do your own research coz at the end of the day
it’s your money, your keyboard, your buttons, and you are the one who press it
Want to Become a crypto millionaire in this bull market of 2024-2025 ?
Here are some Tips
1) Arrange the Capital to start with. Save from Job, Cut back on expenses, or work for some crypto project to get that starting capital. Never invest by taking a LOAN
2) Once you have some capital. Learn and understand the 4 Cycles in crypto and yes it is possible to start from $1000 and take that to $1M
3) Set small goals $1000 to $10,000 Then $10k to $100k then $100k to $1M. Don’t get trapped into making it big in a one shot. Take baby steps
4) Avoid futures trading and don’t get tempted to those 100x in a one trade, it will never work. You will likely loose your capital and hate crypto
5) Start learning the narrative in the market and follow some good twitter accounts to help ( there are many ). When they post something you take then and do your own research to See if that’s actually good
6) Take positions in the projects which Are undervalued and just hold for the Bull market. I bought ETH in 2019-20 at $88 and it went to $4,800 ( that’s 55x ) I wasn’t lucky, I bought after my research on how undervalued it is. Projects like FTM went 1600x
7) There are plenty of opportunities in the market, what you need to do is take positions in the bear market and hold for 1.5-2yr.Don’t Fomo and don’t panic sell
8) Investors / Holders make the real gainz not the traders. You don’t have to look at screen all day to make money.
9) Take profits and chase your $1M target slowly.
Recap - Save money, No loans, put in time and research, take positions & wait for the targets / bull market
Research and patience will make you a millionaire in crypto.