Bitcoin is approaching the resistance of $71,500. Of course, determining the resistances after breaching the historical peak will be difficult and not accurate, but we are working hard to reach the best points.
Important note: Bitcoin reaches the highest levels of inflation in indices throughout its history, so trade with caution, please
The recent correction was natural, and the currencies are starting to regain their strength. The most important scenario is still to break the $70,000 resistance to start the real bull season.
Although 2024 was a difficult year for the cryptocurrency market due to volatility, Bitcoin remained stable between $60,000 and $70,000.
However, most traders are facing losses. Hope for a quick improvement, God willing.$BTC #BinanceTurns7 #byc
As we enter 2024, the cryptocurrency market is witnessing a strong return for Bitcoin, as its price has risen significantly after a period of volatility over the past years. This rise is part of the recurring cycle of Bitcoin, which often follows events such as “halving” that limits mining rewards, reducing the available supply of the currency and increasing its value due to increased demand.
The rebound in currencies is good. The current time is considered appropriate to buy currencies, but with a small portion of the capital, not exceeding a quarter of the portfolio.
The indicators are inflated in Bitcoin, as I explained previously, but the currencies are frankly tempting, so enter with a small portion to guarantee your presence in the market, but with a little adventure.
Trading is like the sea and profits come from fishing and you are the fisherman with the capital of the hook
It is not important that you caught how many fish, but the important thing is that you kept your rod, because the fish never end, but if the rod is lost, you lose everything.
Regardless, if the MATIC currency was exited and today it rose well, this is not important at all because the doors to profit are many and the opportunities are always repeated.
But if you notice that Bitcoin has fallen by 1%, currencies have fallen by 5%, and this is the reason for our exit from the market. The current time is considered a great risk to remain in the market.
Thanks to God, Ethereum was observed at the beginning of its rise since last October, and the rise was exploited well
Ethereum is currently at a strong resistance 3930$ . If you are a speculator, it is preferable to exit because there is a high probability that we will see a correction from the current resistance, so there is no need to take risks ⚠️