BTC encountered resistance at $64k and is currently trading in the range of $60k-$64k.

This sideways movement may persist for a few more days.

Once the $64k resistance is taken out, a significant breakout could occur,

potentially attracting substantial volumes and liquidating shorts at $60k.

This breakout could be prolonged and impactful lasting several months.

📈 🚀

U.S. government Bitcoin wallet transfers.

On Feb 28, 2024
The United States government moved $922 million (almost $1 billion) worth of Bitcoin from two cryptocurrency wallets. These funds were seized from Bitfinex in 2016. The transfer happened on February 28, the same day Bitcoin surpassed $60,000 for the first time in over two years.

Source: Arkham Intelligence

#ATH #100KViews #TrendingTopic #BTC‬

As Bitcoin approaches its all-time high (ATH), currently hovering around the $60k-$70k range, there's a significant probability it will consolidate at this level for some time. 📈💰 However, once it breaks through this threshold, there's potential for a substantial upside, possibly reaching the $100k mark. 🚀📈 Hold tight for the ride ahead! 🌟

#Godspeed!

Biggest moments in BTC history.

One of the biggest moments in Bitcoin's history is arguably the creation of the Bitcoin blockchain and the release of the Bitcoin whitepaper by Satoshi Nakamoto in 2008. This marked the beginning of the cryptocurrency revolution, introducing the concept of a decentralized digital currency and the underlying blockchain technology. Another significant moment was Bitcoin reaching parity with the US dollar in 2011, demonstrating its potential as a viable alternative to traditional fiat currencies. Additionally, the 2017 bull run, during which Bitcoin's price surged to nearly $20,000, brought unprecedented mainstream attention to the cryptocurrency and solidified its position as a valuable asset class.

#Godspeed!

#Alt coins probable price action and movement.

Due to Bitcoin's rally, altcoins may experience varying reactions. Some altcoins might follow Bitcoin's upward trend as investors seek opportunities across the broader cryptocurrency market. However, others may struggle to maintain momentum as attention and investment focus primarily on Bitcoin. It's essential to monitor individual altcoins' developments, use cases, and market dynamics to assess their potential performance amidst Bitcoin's rally.

Some altcoins that could be relevant during Bitcoin's rally includes #Ethereum(ETH) which often has a strong correlation with
#BTC.

Other potential contenders include #Polkadot , #CardanoADA, #SOLANA and my fav dogecoin

#Godspeed!

The recent spike in Bitcoin prices may be driven by increased institutional investment, heightened interest from retail investors, macro-economic uncertainty leading to a flight to alternative assets, and anticipation of future scarcity due to the halving mechanism.

Experts forecasting the potential for the largest Bitcoin rally until 2026 likely consider various factors, including increased institutional adoption, macro-economic conditions, regulatory developments, and the cyclical nature of Bitcoin's price movements.#BTC #TrendingTopic #BULLISH...
#Godspeed!