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Campaign Period: 2024-05-10 00:00 to 2024-05-15 23:59 (UTC) To Participate: Use the hashtag #ETFvsBTC when sharing your insights on Binance Square regarding the advantages and drawbacks of investing in Bitcoin ETFs versus directly purchasing BTC. Ensure your post has a minimum length of 600 words. Guidelines: Make certain your shared content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified. Winner Selection: Five posts generating the most interaction will each be rewarded with 100 FDUSD.
Terms and Conditions: This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.The content needs to be posted in Binance Square organically to qualify for the reward.Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Question:- Does Bitcoin has a Future? Answer: While the future of Bitcoin is unknown, retail investors must be very cautious about every move of Bitcoin, as it has witnessed tumultuous before. Moreover, India's stance on Cryptocurrencies continues to be firm, with the government bringing all crypto-related transactions under the ambit of the Money Laundering Act. $BTC
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The price of $ZEN moves in the bottom of its ascending channel in the daily time frame, and in the 4-hour time frame, it was able to break the downward trend line. The price is breaking the resistance level of $9.30-$9.65. It seems that the bulls are buying, and there is a high probability that the price will rise to its previous ceiling of $15.00 and then $18.00.
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Bitcoin Analysis: Did the Bulls Take the Price Again? 🪙
As of May 13, 2024, Bitcoin displays mixed signals in various time zones and technical indicators. The price of the leading crypto asset is currently priced between $62,500-62.750. It saw slightly from $60,776 to $63,156 in the 24-hour range. Despite a 2% increase in recent times, Bitcoin is down 3.6% during the week, showing the inherent volatility and uncertainty of the current market.
The BTC/USD daily chart highlights a consolidation phase with a bearish trend. After approaching $73,000 on April 10, Bitcoin's price was adjusted to a potential bottom around $56,500. The recent recovery seems to lack the volume-backed faith. This shows that the increase may not have strong support. This scenario shows the potential vulnerability where the lack of purchase pressure can lead to further decline, unless more buyers step in.
Bitcoin analysis; The 4-hour chart provides a look at Bitcoin's short-term recovery attempts. Notably, the price recovered from its lowest level of $60,176. He tested the resistance around $63,876. The latest event shows attempts to generate around $62,000 in support. Increased volume during bullish points to a growing buying interest that could support more upward movements if sustained.
On the 1-hour chart, Bitcoin's bullish acceleration is more pronounced, with price movements from $60,600 to over $63,200. The increased volume accompanying these rises indicates a strong buying interest that could keep the price increase going in the near term.
Current readings from key oscillators such as the relative power index (RSI) at 49 and Stochastic at 58 give a neutral look. This indicates that there are no urgent overbought or oversold conditions.
However, negative readings on great oscillator and momentum indicators suggest that he is careful as they point to possible downward pressure or attenuation trends. DYOR
• What will be better ? invest in Bitcoin ETF or directly buy Bitcoin ( #ETFvsBTC )
• 🐯_Here is the answer: • Bitcoin ETFs are an advantage for those who feel safe with more regulations, generally speaking this is an advantage for those who were already investing in ETFs and feel comfortable and safe with this investment method.
• Important points : Advantages of investing in BTC ETFs: • More regulation • Ease of investment
•🐯_ But it can be considered a disadvantage for those who value independence and direct participation in the world of cryptocurrencies. That is, for those users who are already cryptocurrency investments and feel comfortable being the owners of the crypto BTC.
The strong will always be strong. As the leader, Ar has indeed achieved the growth that a leader should have. It has basically increased by about 10 times from the bottom. I issued Ar many times when it was at the bottom. Smart friends should have made a lot of money. To bottom hunt, you should not only hunt the leaders, but also the projects with hype concepts in the future.