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🚫🚫 ATTENTION PLEASE 🚫🚫 If you trade in Futures, then read this. #sadvisor2 **LEVERAGE CAN CAUSE BIG PROBLEMS IN THE MARKET** I've said it before: "Don't try futures and don't use leverage if you're new to crypto. Even if you have 3-4 years of experience, please be cautious." Now, I'll explain how leverage affects the crypto market. This is important, so please pay attention. **How Leverage Works:** - If you open a trade with $500 and use 10X leverage, it’s like having $5000 in your account. - The exchange (like Binance) lends you $4500. If the price drops by 10%, your $5000 becomes $4500, and your position is automatically closed (liquidated) to prevent debt. **Impact of Liquidation:** - When you get liquidated, your remaining $4500 is sold to repay Binance. This creates a market sell-off. - On a larger scale, if many traders use leverage and prices drop, it triggers massive sell-offs, causing prices to fall even more. This can lead to a chain reaction called "cascading liquidations." **Example:** - Imagine 100,000 traders use 10X leverage on ETH at $2.8K, $3K, and $3.2K. - If the price drops to $2.7K (-10% from $3K), these traders get liquidated, triggering massive sell orders. - This can push ETH down to $2.5K, causing further liquidations and even more price drops. **Flash Crashes:** - Too many leveraged positions can lead to rapid liquidations, creating "flash crashes" where ETH can drop 15-20% in minutes. - This happens in traditional finance too, but we're focusing on crypto here. Take this seriously and be cautious with leverage.
🚫🚫 ATTENTION PLEASE 🚫🚫
If you trade in Futures, then read this.
#sadvisor2
**LEVERAGE CAN CAUSE BIG PROBLEMS IN THE MARKET**
I've said it before: "Don't try futures and don't use leverage if you're new to crypto. Even if you have 3-4 years of experience, please be cautious." Now, I'll explain how leverage affects the crypto market. This is important, so please pay attention.
**How Leverage Works:**
- If you open a trade with $500 and use 10X leverage, it’s like having $5000 in your account.
- The exchange (like Binance) lends you $4500. If the price drops by 10%, your $5000 becomes $4500, and your position is automatically closed (liquidated) to prevent debt.
**Impact of Liquidation:**
- When you get liquidated, your remaining $4500 is sold to repay Binance. This creates a market sell-off.
- On a larger scale, if many traders use leverage and prices drop, it triggers massive sell-offs, causing prices to fall even more. This can lead to a chain reaction called "cascading liquidations."
**Example:**
- Imagine 100,000 traders use 10X leverage on ETH at $2.8K, $3K, and $3.2K.
- If the price drops to $2.7K (-10% from $3K), these traders get liquidated, triggering massive sell orders.
- This can push ETH down to $2.5K, causing further liquidations and even more price drops.
**Flash Crashes:**
- Too many leveraged positions can lead to rapid liquidations, creating "flash crashes" where ETH can drop 15-20% in minutes.
- This happens in traditional finance too, but we're focusing on crypto here.
Take this seriously and be cautious with leverage.
MUST READ THIS (ADVICE FOR EVERYONE) Best advice i can give to everyone is to not trust the predictions that appears in binance posts, they are just fooling you, so you can buy and give them opportunity to sell. Most of them does not even have any idea about analysing crypto's they just copy and paste and give you lies. Invest on what you believe 🙃❤️ Please Follow For More
MUST READ THIS (ADVICE FOR EVERYONE)
Best advice i can give to everyone is to not trust the predictions that appears in binance posts, they are just fooling you, so you can buy and give them opportunity to sell.
Most of them does not even have any idea about analysing crypto's they just copy and paste and give you lies.
Invest on what you believe 🙃❤️
Please Follow For More
See the condition of the market today and the rate of Bitcoin and crypto currency. So Bitcoin has gone down to two percent or two and a half 2% but If we look at the meme token, the meme token has gone up by 17 percent, some by 30 percent, some by 18 percent, some by 20%. This gives an idea that if Bitcoin reaches $100K , then all the meme tokens will be at maximum profit. I think $BTC can go to $140k $SHIB 0.19 $PEPE 0.03 $BONK 0.05 And yes, this is my opinion and not any crypto advice. If the market remains green like this for 8 days or 10 days, then understand that no one can stop Bitcoin from 140K or 200K. #bitcoinhalving #BullorBear
See the condition of the market today and the rate of Bitcoin and crypto currency.
So Bitcoin has gone down to two percent or two and a half 2% but If we look at the meme token, the meme token has gone up by 17 percent, some by 30 percent, some by 18 percent, some by 20%. This gives an idea that if Bitcoin reaches $100K , then all the meme tokens will be at maximum profit.
I think $BTC can go to $140k
$SHIB 0.19
$PEPE 0.03
$BONK 0.05
And yes, this is my opinion and not any crypto advice.
If the market remains green like this for 8 days or 10 days, then understand that no one can stop Bitcoin from 140K or 200K.
#bitcoinhalving #BullorBear
Are people really that stupid? It would seem that everyone is smart and learned from bitter experience. But no. Every time in the same trap. Example of a stupid person: Stage 1 - replace volatility in the market, start reading the news. Stage 2 - find your favorite blogger and start stupidly believing him. Stage 3 - open futures with 20x leverage and wait for the value invented by the “blogger” (for example 80k for Bitcoin) Stage 4 - see how the price reached 79, but do not close the deal with a profit after seeing a reversal Stage 5 - Liquidation Congratulations, you are beautiful 🦣 Stock market financing is always a dangerous game, designed to leave you with your pants down. Since March I have made 2.5X on spot but lost 15% on futures. Think with your head and good deals friends (and support with a like 🥹) $BTC $ETH $BNB #binance #tradingeducation #lal #FUN
Are people really that stupid?
It would seem that everyone is smart and learned from bitter experience.
But no.
Every time in the same trap.
Example of a stupid person:
Stage 1 - replace volatility in the market, start reading the news.
Stage 2 - find your favorite blogger and start stupidly believing him.
Stage 3 - open futures with 20x leverage and wait for the value invented by the “blogger” (for example 80k for Bitcoin)
Stage 4 - see how the price reached 79, but do not close the deal with a profit after seeing a reversal
Stage 5 - Liquidation
Congratulations, you are beautiful 🦣
Stock market financing is always a dangerous game, designed to leave you with your pants down.
Since March I have made 2.5X on spot but lost 15% on futures.
Think with your head and good deals friends (and support with a like 🥹)
$BTC $ETH $BNB
#binance #tradingeducation #lal #FUN
🚀 HALVING COUNTDOWN: NO SUDDEN MOVES! 🛑 Just to Clarify: The Halving Countdown Doesn't Guarantee Immediate Pump or Dump. When the Countdown Ends, Don't Expect Instant Action, But Stay Alert for Shifts in the Following Days. So, Relax About Post-Countdown Drama. Some Might Hype it Up, But Remember, It's Just a Block Reduction. Keep Informed with Professor Mende! #BitcoinHalving #BullMarket #BTC 📉📈
🚀 HALVING COUNTDOWN: NO SUDDEN MOVES! 🛑
Just to Clarify: The Halving Countdown Doesn't Guarantee Immediate Pump or Dump. When the Countdown Ends, Don't Expect Instant Action, But Stay Alert for Shifts in the Following Days.
So, Relax About Post-Countdown Drama. Some Might Hype it Up, But Remember, It's Just a Block Reduction. Keep Informed with Professor Mende!
#BitcoinHalving #BullMarket #BTC 📉📈
I've been trading for almost 17 years, 9 of which have been in cryptocurrency. So far I have seen bull market 3 times and dozens of declines. I started on Wall Street and lived through the global crisis of 2008. I mined bitcoin in 2012 and ethereum in 2015. Experienced its ups and downs before and after the Covid crash when all coins lost 50% of their value every day. Saw the fall of FTX when #BTC lost 40% of its value in a few days. I remember well over those 10 years all the excited talk when Bitcoin was rising and how the mood of the crowd changed when it fell. A time when there weren't all those useless memcoins and other shitcoins and blockchain technology was actually considered something mysteriously innovative, not a means of speculation like it is now. There used to be no fear and greed index, but just like now people had a fear of falling, which turned into panic terror. And after a while it turned into blind optimism and desire to invest the last penny in crypto in the hope of getting rich. That's why I look at the market realistically and without enthusiasm when it grows and without fear when it falls. Right now I see that we are in a correction phase, that's why I'm talking about it. When the time comes, I'll say we're going up... but not now. #binance #Bitcoin #DeFi $BTC #Ethereum
I've been trading for almost 17 years, 9 of which have been in cryptocurrency. So far I have seen bull market 3 times and dozens of declines. I started on Wall Street and lived through the global crisis of 2008. I mined bitcoin in 2012 and ethereum in 2015. Experienced its ups and downs before and after the Covid crash when all coins lost 50% of their value every day. Saw the fall of FTX when #BTC lost 40% of its value in a few days. I remember well over those 10 years all the excited talk when Bitcoin was rising and how the mood of the crowd changed when it fell. A time when there weren't all those useless memcoins and other shitcoins and blockchain technology was actually considered something mysteriously innovative, not a means of speculation like it is now. There used to be no fear and greed index, but just like now people had a fear of falling, which turned into panic terror. And after a while it turned into blind optimism and desire to invest the last penny in crypto in the hope of getting rich. That's why I look at the market realistically and without enthusiasm when it grows and without fear when it falls. Right now I see that we are in a correction phase, that's why I'm talking about it. When the time comes, I'll say we're going up... but not now.
#binance #Bitcoin #DeFi $BTC #Ethereum
For all those who are waiting for the reduction by half and a pump, don’t dream!! The half reduction was already included in the price, it was even overvalued, when the half reduction will take place, my goal of $52,000 and maybe even the $42,000 I promised you will become a reality, a tip, do not buy right now, whatever happens, the btc will go to $52,000, do not hesitate to look at all my comments on my page, you will see that since the $71,000, I was right and that at 1000 against 1. Have a good day and a good week to all Disclaimer: Includes third-party opinions. No financial advice. 
For all those who are waiting for the reduction by half and a pump, don’t dream!!
The half reduction was already included in the price, it was even overvalued, when the half reduction will take place, my goal of $52,000 and maybe even the $42,000 I promised you will become a reality, a tip, do not buy right now, whatever happens, the btc will go to $52,000, do not hesitate to look at all my comments on my page, you will see that since the $71,000, I was right and that at 1000 against 1.
Have a good day and a good week to all
Disclaimer: Includes third-party opinions. No financial advice. 
For all those who are waiting for the reduction by half and a pump, don’t dream!! The half reduction was already included in the price, it was even overvalued, when the half reduction will take place, my goal of $52,000 and maybe even the $42,000 I promised you will become a reality, a tip, do not buy right now, whatever happens, the btc will go to $52,000, do not hesitate to look at all my comments on my page, you will see that since the $71,000, I was right and that at 1000 against 1. Have a good day and a good week to all
For all those who are waiting for the reduction by half and a pump, don’t dream!!
The half reduction was already included in the price, it was even overvalued, when the half reduction will take place, my goal of $52,000 and maybe even the $42,000 I promised you will become a reality, a tip, do not buy right now, whatever happens, the btc will go to $52,000, do not hesitate to look at all my comments on my page, you will see that since the $71,000, I was right and that at 1000 against 1.
Have a good day and a good week to all
Do not sell your assets! one thing I like about crypto is that, it can take days even eks to drop 🔻⏬ but goes up⏫ 🆙 too quickly within hours . a study indicates that the probability that $BTC could get to $70k before the halving was it it was able the break the bar if $67,900 yesterday... but it couldn't. So now what it left for us to do?? Nothing, exactly nothing ! relax! 💆‍♂️☺️ take some break from the app. But do not sell your asset🚫 Myself, I have a huge portion of my capital which has lost 30% of its value with $ENA and other coins... But I'm relaxed knowing the having is just around. NB: even coin with bad projects are going to go up 😤 no one will be free from 🐂
Do not sell your assets!
one thing I like about crypto is that, it can take days even eks to drop 🔻⏬ but goes up⏫ 🆙 too quickly within hours .
a study indicates that the probability that $BTC could get to $70k before the halving was it it was able the break the bar if $67,900 yesterday... but it couldn't.
So now what it left for us to do??
Nothing, exactly nothing !
relax! 💆‍♂️☺️
take some break from the app. But do not sell your asset🚫
Myself, I have a huge portion of my capital which has lost 30% of its value with $ENA and other coins... But I'm relaxed knowing the having is just around.
NB: even coin with bad projects are going to go up 😤
no one will be free from 🐂
$SAGA INVESTORS BEARING HUGE LOSSES ! but Good news - I empathize with the new traders who suffered losses investing in Saga. Despite my efforts to warn against hype and promotional predictions, many fell into the trap. I advised against buying above $5.7 and urged profit-taking at $6.9, but the allure of lofty predictions led some astray. But don't despair! Stay calm and hold onto your coins. Predictions suggest Saga could reach a new ATH of $8, allowing you to recover losses and even turn a profit. Congratulations to those who took profits! Now is a good time to buy, as Saga falls below $5.4 or even $5. consider giving a tip
$SAGA INVESTORS BEARING HUGE LOSSES ! but Good news -
I empathize with the new traders who suffered losses investing in Saga. Despite my efforts to warn against hype and promotional predictions, many fell into the trap. I advised against buying above $5.7 and urged profit-taking at $6.9, but the allure of lofty predictions led some astray.
But don't despair! Stay calm and hold onto your coins. Predictions suggest Saga could reach a new ATH of $8, allowing you to recover losses and even turn a profit.
Congratulations to those who took profits! Now is a good time to buy, as Saga falls below $5.4 or even $5.
consider giving a tip
TAO it was the worst idea and miss-click i made my entire life. instead of 10% I used my full portfolio of 8000.- USDT to buy at 920 I lost 2300.- I did not make the correct research that TAO was already listed as 650 I made profits of 1000. over many months. Now all my earnings was gone in 60 Seconds. Be carefull people. I write my wish to my children now. Good Luck to you all.
TAO it was the worst idea and miss-click i made my entire life. instead of 10% I used my full portfolio of 8000.- USDT to buy at 920
I lost 2300.-
I did not make the correct research that TAO was already listed as 650
I made profits of 1000. over many months. Now all my earnings was gone in 60 Seconds.
Be carefull people. I write my wish to my children now.
Good Luck to you all.
$SAGA I want to clarify some important things to my dear traders, remember: abusive comment pass, or any stupid thought is not allowed in comment section, use ur mind and present logics. remember it is my original content so don't copy it ,,, then I will report u. so remember some important points,, 1- don't trade in rush.. 2- when u wanna start any trade u should do some precautions , 2.1- check market volume 2.2-check orders in all decimals (0.1,0.01,0.001) 2.3-if 0.1 indicates more % of buying then see the price where the huge order has been placed, 2.4- u have to calculate ur risk ... 2.5- go to price and see all time low and high, 2.6- in price section u can see the market capitalization and circulatory supply and dominance and max supply(by dividing market cap to circulatory supply u can predict the exact price of coin) 2.7- if the circulatory supply is very less as compare to total supply so this indicates the coin has the capability to pump. 2.8 - always use 4 hour chart for coin technical analysis . 2.9- RSI, ema 20,200,, MACD ,Bollinger width and bends , all are the important indicators for predicting the price of any coin in coming days or hours, 3- Use ur brain while trading ,,, don't panic sell and buy,,, 4- do not buy any newly launched coin immediately , wait atleast 4 to 7 days, 5- Use always low leverage with high amount, compensate ur leverage with ur amount,,, 6- risk management is very important , first install coin gecko and use it for ur liquadation calculation ,then place a trade according to ur calculations . 7- money management is very important, 8- be patients and calm during trading,,, 9- every trade will give u profit... I am undefeated since 3 years... use my strategy to win ur trade, don't copy my post, like share follow and tip me if u want more knowledge regarding trading.
$SAGA I want to clarify some important things to my dear traders,
remember: abusive comment pass, or any stupid thought is not allowed in comment section, use ur mind and present logics.
remember it is my original content so don't copy it ,,, then I will report u.
so remember some important points,,
1- don't trade in rush..
2- when u wanna start any trade u should do some precautions ,
2.1- check market volume
2.2-check orders in all decimals (0.1,0.01,0.001)
2.3-if 0.1 indicates more % of buying then see the price where the huge order has been placed,
2.4- u have to calculate ur risk ...
2.5- go to price and see all time low and high,
2.6- in price section u can see the market capitalization and circulatory supply and dominance and max supply(by dividing market cap to circulatory supply u can predict the exact price of coin)
2.7- if the circulatory supply is very less as compare to total supply so this indicates the coin has the capability to pump.
2.8 - always use 4 hour chart for coin technical analysis .
2.9- RSI, ema 20,200,, MACD ,Bollinger width and bends , all are the important indicators for predicting the price of any coin in coming days or hours,
3- Use ur brain while trading ,,, don't panic sell and buy,,,
4- do not buy any newly launched coin immediately , wait atleast 4 to 7 days,
5- Use always low leverage with high amount, compensate ur leverage with ur amount,,,
6- risk management is very important , first install coin gecko and use it for ur liquadation calculation ,then place a trade according to ur calculations .
7- money management is very important,
8- be patients and calm during trading,,,
9- every trade will give u profit...

I am undefeated since 3 years...
use my strategy to win ur trade,
don't copy my post,
like share follow and tip me if u want more knowledge regarding trading.
Many early investors in $SAGA are losing money because they're selling in a panic. I've been watching $SAGA's trading for the past 12 hours, and it seems like technical analysis might not be useful anymore. There are too many nervous sellers, and SAGA is being sold too much. More people are selling quickly than buying. I've noticed that people who bought SAGA at $6 to $7.8 are selling it for less than $6, making a loss. When lots of people sell for less than they bought, others who want to buy wait for even lower prices. This makes the price keep going down.
Many early investors in $SAGA are losing money because they're selling in a panic. I've been watching $SAGA 's trading for the past 12 hours, and it seems like technical analysis might not be useful anymore. There are too many nervous sellers, and SAGA is being sold too much. More people are selling quickly than buying. I've noticed that people who bought SAGA at $6 to $7.8 are selling it for less than $6, making a loss. When lots of people sell for less than they bought, others who want to buy wait for even lower prices. This makes the price keep going down.
$W Emotions can either be your best friend or your worst enemy in trading. Learn how to keep them in check. $BTC $ENA $W #tradingwithcare
$W Emotions can either be your best friend or your worst enemy in trading. Learn how to keep them in check.
$BTC
$ENA
$W
#tradingwithcare
$W Emotions can either be your best friend or your worst enemy in trading. Learn how to keep them in check. $BTC $ENA $W #tradingwithcare
$W Emotions can either be your best friend or your worst enemy in trading. Learn how to keep them in check.
$BTC
$ENA
$W
#tradingwithcare
--
Bullish
$W Wormhole It is a decision time for W. Are you ready? 🚀🚀🚀
$W Wormhole
It is a decision time for W.
Are you ready?
🚀🚀🚀
$SAGA Expected to Dip Below $4? I previously cautioned about the likelihood of Saga's price stabilizing below $6 or dipping below $5.7 in bearish scenarios. Our prediction has been validated as SAGA is currently trading below $5.7. I also advised taking profits above $6.9, contrary to other creators' overly optimistic forecasts of $15. Exercise caution! Future Price Analysis: Based on reports and our analysis, Saga may experience further declines, potentially retracing to the support zone around $5.46. A dip below $5 or $4.9 is possible in worst-case bearish scenarios, while entering below $5.5 could yield profits. However, in a bullish scenario, Saga has the potential to surge to a new all-time high of $8!
$SAGA Expected to Dip Below $4?
I previously cautioned about the likelihood of Saga's price stabilizing below $6 or dipping below $5.7 in bearish scenarios.
Our prediction has been validated as SAGA is currently trading below $5.7. I also advised taking profits above $6.9, contrary to other creators' overly optimistic forecasts of $15.
Exercise caution!
Future Price Analysis:
Based on reports and our analysis, Saga may experience further declines, potentially retracing to the support zone around $5.46. A dip below $5 or $4.9 is possible in worst-case bearish scenarios, while entering below $5.5 could yield profits.
However, in a bullish scenario, Saga has the potential to surge to a new all-time high of $8!
Now is the bull market!! There are three stages of the bull market in this year and next year🚀. We are now near 20,000 in the last bull market. What should we do now? 🤔🤔 Phase 1: Most people do not make money or even lose money in the stage of Bitcoin 30,000-70,000 US dollars. Only the big cake rises, not the individual coins. Everyone gradually discovered that Bitcoin has been rising, while the cottage we hold has been falling. It is a typical violent shock. In the process of collecting chips, big investors are still washing the market frantically. BlackRock, Fidelity, and large institutions are still buying. Who will sell? Pull up, smash the market, pull up, smash the market. Phase 2: 70,000~90,000 US dollars, the big cake just does not fall below 60,000 US dollars. Once the cycle arrives, there is a high probability of a callback of about 30%. In the second stage, no money is made. The big cake falls, but the cottage falls more. Everyone is desperate again, and they sell their meat. The main funds continue to pick up chips. At the same time, switch between high and low, and switch the high-selling in the first stage to the currency that continues to hit a new low. The third stage: 90,000~200,000 US dollars, the real main rising wave. Most coins can double, or even hundreds of times, the rhythm is not so cruel, there will be a sharp drop in the middle, but in almost all upward trends, the center of gravity has obviously moved up, and the market will have a strong profit effect. It is also the time when we are most likely to make profits, because the main force has eaten up the chips, and it is enough to just pull it up. The more we dare not buy, the more it will rise, and the less we want to sell, the more it will fall. The currency circle is the process of outlasting the opponent. Left-side investment is to use financial resources to outlast those who are also bottom-fishing at the bottom. Right-side trading is to use technology to outlast those who also rely on technology to trade.
Now is the bull market!! There are three stages of the bull market in this year and next year🚀. We are now near 20,000 in the last bull market. What should we do now? 🤔🤔
Phase 1: Most people do not make money or even lose money in the stage of Bitcoin 30,000-70,000 US dollars. Only the big cake rises, not the individual coins. Everyone gradually discovered that Bitcoin has been rising, while the cottage we hold has been falling. It is a typical violent shock. In the process of collecting chips, big investors are still washing the market frantically. BlackRock, Fidelity, and large institutions are still buying. Who will sell? Pull up, smash the market, pull up, smash the market.
Phase 2: 70,000~90,000 US dollars, the big cake just does not fall below 60,000 US dollars. Once the cycle arrives, there is a high probability of a callback of about 30%. In the second stage, no money is made. The big cake falls, but the cottage falls more. Everyone is desperate again, and they sell their meat. The main funds continue to pick up chips. At the same time, switch between high and low, and switch the high-selling in the first stage to the currency that continues to hit a new low.
The third stage: 90,000~200,000 US dollars, the real main rising wave. Most coins can double, or even hundreds of times, the rhythm is not so cruel, there will be a sharp drop in the middle, but in almost all upward trends, the center of gravity has obviously moved up, and the market will have a strong profit effect. It is also the time when we are most likely to make profits, because the main force has eaten up the chips, and it is enough to just pull it up.
The more we dare not buy, the more it will rise, and the less we want to sell, the more it will fall. The currency circle is the process of outlasting the opponent. Left-side investment is to use financial resources to outlast those who are also bottom-fishing at the bottom. Right-side trading is to use technology to outlast those who also rely on technology to trade.
🚀🚀Bitcoin’s Recovery Rally: Breaking Through This Level Is Key To Bullish Momentum – Analyst Last week, #Bitcoin (#BTC ) struggled to move significantly upwards, as the leading cryptocurrency entered a consolidation phase below the $69,000 mark. This subdued volatility is a departure from Bitcoin's usual fluctuations, increasing speculation about a potential recession phase in the market trajectory. Captain Faibik suggests that Bitcoin may be on the verge of a significant breakout, depending on whether it crosses the $70,000 resistance threshold. According to the crypto analyst, BTC "Bulls need to Clear the $70,000 Resistance area to Confirm the upward Break.” Another crypto analyst, Jelle, echoes similar sentiments and emphasizes the importance of patience among investors, especially with the upcoming Bitcoin Deceleration event on the horizon. Specifically, Halving is a pre-programmed event built into the Bitcoin protocol that occurs approximately every four years within the Bitcoin network to reduce the reward for mining new BTC blocks. Despite Bitcoin's recent consolidation, the expectation of a potential rally above the $70,000 mark continues to grow within the crypto community, especially since it is less than 20 days away from halving. This is because halving ultimately reduces the supply of new BTC, and the reduced supply usually leads to increased demand and speculative buying. Bitcoin Teeters on the Edge of Victory: Will It Break the $70,000 Resistance? Drawing attention to bullish indicators such as streamer formation and strong support levels, Jelle predicts a break in the coming weeks, giving hope to investors looking for upward momentum in Bitcoin's price trajectory. Meanwhile, the current market data points to a favorable environment for retail traders, with Glassnode reporting an increasing accumulation of Bitcoins by short-term holders since December 2023. Dec.
🚀🚀Bitcoin’s Recovery Rally: Breaking Through This Level Is Key To Bullish Momentum – Analyst
Last week, #Bitcoin (#BTC ) struggled to move significantly upwards, as the leading cryptocurrency entered a consolidation phase below the $69,000 mark.
This subdued volatility is a departure from Bitcoin's usual fluctuations, increasing speculation about a potential recession phase in the market trajectory.
Captain Faibik suggests that Bitcoin may be on the verge of a significant breakout, depending on whether it crosses the $70,000 resistance threshold. According to the crypto analyst, BTC "Bulls need to Clear the $70,000 Resistance area to Confirm the upward Break.”
Another crypto analyst, Jelle, echoes similar sentiments and emphasizes the importance of patience among investors, especially with the upcoming Bitcoin Deceleration event on the horizon.
Specifically, Halving is a pre-programmed event built into the Bitcoin protocol that occurs approximately every four years within the Bitcoin network to reduce the reward for mining new BTC blocks.
Despite Bitcoin's recent consolidation, the expectation of a potential rally above the $70,000 mark continues to grow within the crypto community, especially since it is less than 20 days away from halving. This is because halving ultimately reduces the supply of new BTC, and the reduced supply usually leads to increased demand and speculative buying.
Bitcoin Teeters on the Edge of Victory: Will It Break the $70,000 Resistance?
Drawing attention to bullish indicators such as streamer formation and strong support levels, Jelle predicts a break in the coming weeks, giving hope to investors looking for upward momentum in Bitcoin's price trajectory.
Meanwhile, the current market data points to a favorable environment for retail traders, with Glassnode reporting an increasing accumulation of Bitcoins by short-term holders since December 2023. Dec.
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