BULL MARKET vs BEAR MARKET In the cryptocurrency market, the terms "bull market" and "bear market" are used to describe market trends, but they are not specifically tied to specific months. Instead, they are based on market sentiment and price action.
A bull market refers to a prolonged period of increasing prices and market optimism, while a bear market refers to a prolonged period of declining prices and market pessimism.
That being said, some research suggests that the cryptocurrency market has historically been more bullish during certain months, such as:
- January: Known as the "January effect," where prices tend to increase after the new year. - April: Coinciding with the end of tax season, which can lead to increased investment in cryptocurrencies. - October: Marking the start of the fourth quarter, which has historically seen increased market activity. - November and December: As the year-end approaches, investors may seek to invest in cryptocurrencies as a hedge against inflation or to capitalize on potential year-end rallies.#IOprediction #btc #pepe #not #io $BTC $BNB
Conversely, some months have historically been more bearish, such as:
- September: Following the summer months, which can see decreased market activity. - March: As the first quarter comes to a close, investors may take profits or rebalance their portfolios. - May and June: As the market enters the summer months, trading volumes and prices may decline.
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Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.
A bear market refers to a prolonged period of declining prices and market pessimism.
September: Following the summer months, which can see decreased market activity. - March: As the first quarter comes to a close, investors may take profits or rebalance their portfolios. - May and June: As the market enters the summer months, trading volumes and prices may decline.
$BTC POTENTIAL BULL MARKET MONTHS A bull market refers to a prolonged period of increasing prices and market optimism.
That being said, some research suggests that the cryptocurrency market has historically been more bullish during certain months, such as:
- January: Known as the "January effect," where prices tend to increase after the new year. - April: Coinciding with the end of tax season, which can lead to increased investment in cryptocurrencies. - October: Marking the start of the fourth quarter, which has historically seen increased market activity. - November and December: As the year-end approaches, investors may seek to invest in cryptocurrencies as a hedge against inflation or to capitalize on potential year-end rallies.
June 6, 2024 ➖➖➖➖➖➖➖ MARKET ANALYSIS: Market Cap: $2.63 Trillion 24h Volume: $78.52 Billion BTC Dominance: 53.1% ETH Dominance: 17.5% 🔸BK® Health Standard: 5.3 (1 to 10) 🔸BK® Sentiment: 50% (-100% to 100%) ➖➖➖➖➖➖➖ BINANCE ANALYSIS (USDT pairs): Top Gainers 1. COMBO: +18% 2. PEOPLE: +15% 3. LQTY: +14% Top Losers 1. BB: -8% 2. POLS: -7% 3. VIC: -5%
BINANCE FUTURES: Top Gainers 1. COMBOUSDT: +32% 2. PEOPLEUSDT: +20% Top Losers 1. WIFUSDT: -5.5% 2. 1000FLOKIUSDT: -5%
LARGEST VOLUME (24h) 1. BTC/USDT ($27B) 2. ETH/USDT ($14B)
DAILY OUTLOOK COMBO, PEOPLE, and LQTY are the top gainers in the market today. Meanwhile, Bitcoin (BTC) is trading just below a key horizontal resistance level at $72,000. For bulls, breaking through this level is crucial to confirm a continuation of the bullish trend. However, if BTC faces rejection at this resistance, a market correction is likely. $BTC $ETH $BNB #btc #eth #people #StartInvestingInCrypto
These 3 meme coins will soon be 10x soon. Please and please again, am begging you just invest that f** king $dollars in it(SHIBA,FLOKI & PEPE). See you later. #pepe #floki #shiba #btc #bnb $1,000
Please note that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These predictions are based on current market trends and analyst forecasts, but there are no guarantees that these coins will reach new ATHs this year.
Keep in mind that investing in cryptocurrency carries risks, and you should always do your own research and consider your own risk tolerance before investing. #btc #eth #doge #NOT🔥🔥🔥 #Megadrop $BTC $ETH $BNB
*Crypto exchanges see $3B Ethereum exit since ETF approvals*
Over $3 billion worth of Ether ETH($3,822) has been removed from centralized crypto exchanges since the May 23 approval of spot Ether exchange-traded funds (ETFs) in the United States — signaling a potential upcoming supply squeeze.
The amount of Ether on exchanges fell by around 797,000 between May 23 and June 2 — equivalent to $3.02 billion, according to CryptoQuant data.
Lower exchange reserves imply fewer coins are available for sale as investors move their own coins to self-custody for purposes other than immediate selling
Ethereum price has increased by approximately 67% so far in 2024 and, according to a mix of on-chain, fundamental, and technical indicators, it may continue its upward movements in June.
Ethereum Chart Analysis
The descending wedge is notable as a bullish reversal pattern characterized by two descending, converging trend lines. As a rule of technical analysis, this pattern resolves when the price breaks above the upper trend line and rises by the maximum height of the wedge.
On May 20, Ethereum’s price broke above the upper trend line of the wedge with an increase in trading volumes, confirming the tendency to reach the upward target of the formation at approximately $4,255 by the end of June with a 12.65% increase from the current price levels.
As a rule of technical analysis, bull flags resolve when the price breaks above the upper trend line and rises by the height of the previous uptrend. This indicates that Ethereum could reach $6,000 by the end of June or early July.
Interest in Ethereum Continues
Ethereum’s potential to reach $4,000 is further strengthened by the wealthiest whale cohort. According to blockchain data analysis platform Santiment, the Ethereum supply held by entities with balances of 10 million to 100 million Ethereum has increased by approximately 0.5% since May 20, when rumors of the US Securities and Exchange Commission (SEC) emerged.
The accumulation coincided with the price increase in the ETH/USD pair. The growth continued after spot Ethereum ETF funds received official approval from the SEC on May 23. Conversely, the Ethereum supply held by entities with balances of 1 million to 10 million Ethereum (brown) sharply decreased during the price rise, indicating profit-taking.
This indicates that most investors are withdrawing their Ethereum holdings from crypto exchanges, which can be seen as a sign of increasing accumulation sentiment, boosting Ethereum’s potential to continue rising above $4,000 in June. #etherum #btc #NOT #TAPSWAP #SOL
May has been the perfect mixture of all the gains and losses, where a few cryptocurrencies gained new peaks, and some settled for the correction. The month is officially over, and with the beginning of June, the hype is real for what’s coming next
Biggest Crypto Gainers of The Week
1.Notcoin (NOT)
Notcoin has won the biggest crypto gainers spot after its 163% surge this week. Moreover, it bagged a 24% hike in the last 24 hours only, bringing the Notcoin price to $0.01415. Now, NOT is just 2% away from its all-time high target of $0.01445, set at the beginning of its launch
2.JasmyCoin (JASMY)
JASMY went under a huge fall just a few months after its launch. It is still in the downfall as its value is 97% away from the early launch days. However, this week has been quite bullish for JasmyCoin, as it gained a 67% increase in its value, becoming the second biggest crypto gainer of the week
3.Bitget Token (BGB)
After a 28% rally this week, Bitget has set a new all-time high of $1.48 a few hours ago. The token began to move up on the 27th and has brought its value up from the low of $1.1
Biggest Crypto Losers of The Week
1.Core (CORE)
Core DAO has faced a big dip in the last few days, bringing its value down to $1.95 from a high of $2.47. The Core price has faced price fluctuation for days and is now 69% away from its best-performing days
2.Akash Network (AKT)
From the top crypto gainers to the losers, AKT had quite a journey this week. The Akash Network had a good start at the beginning of the month when it rose above $6 but now descended to $4.65 after a 12% fall
3.Theta Network (THETA)
Despite March’s bullish market conditions, THETA had failed to restore its value, which was down for years. Though it formed a peak, the THETA price could not even rise to one-third of the ATH of $15.90. Now, the price has declined bringing its value to $2.09 #ETHETFsApproved #NOTCOIN #BTC #BGB #JASMY
Donald Trump’s Crypto Portfolio Surpasses $14 Million
In Brief Arkham Intelligence’s data tracking tool shows former US President and presidential candidate Donald Trump’s crypto portfolio now exceeds $14 million. His crypto assets include significant amounts of memecoins sent to him via airdrop by various developers. Trump was convicted of 34 felonies for falsifying business records and became the first former US president to be declared guilty.
Trump’s Portfolio Continues to Grow
Former US President and presidential candidate Donald Trump’s crypto portfolio tracked by Arkham Intelligence increased after he was found guilty 34 times for falsifying business records to influence the 2016 election. As of this writing, the total value of his crypto assets was approximately $14.2 million, up from $10 million earlier this week.
Arkham reported on May 1st via social media platform X that Trump’s crypto portfolio includes a series of memecoins sent to him via airdrop. The team stated:
“Donald Trump currently holds 8 projects in the memecoin space. These assets were given to him via airdrop by various memecoin project developers; he did not purchase them.”
Trump and the Crypto Market
Initially a critic, Trump acknowledged Bitcoin’s growing popularity and advocated for favorable regulations for crypto assets, promising to oppose President Joe Biden’s anti-crypto agenda. He also pledged to release Ross Ulbricht. Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo views Trump as America’s first crypto president and highlights that Bitcoin futures were approved during his administration. Since leaving office, Trump has launched three different NFT collection
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. #btc #eth #altcoin #PEPE #Megadrop
Here are the 10 Largest Crypto Whales in modern reality:
1. Satoshi Nakamoto – The pseudonymous creator of Bitcoin, Satoshi Nakamoto, is believed to hold approximately 1 million Bitcoins, making him potentially the biggest crypto whale with a staggering value of around $19.2 billion.
2. Changpeng Zhao(CZ) – As the former CEO of Binance, Changpeng Zhao is considered a significant Bitcoin whale, with his crypto holdings estimated to be around $65 billion, although specific details about his assets are not publicly disclosed.
3. Michael Saylor – An American entrepreneur and one of the largest Bitcoin whales, Michael Saylor owns over 17,732 Bitcoins, valued at more than $1.14 billion. His company, MicroStrategy, also holds a substantial Bitcoin reserve.
4. Chris Larsen – Co-founder of Eloan and Ripple, Chris Larsen holds at least 5.19 billion XRP, amounting to a net worth of approximately $37.3 billion.
5. Brian Armstrong – As the CEO of Coinbase, Brian Armstrong’s personal crypto holdings contribute significantly to his estimated net worth of $6.5 billion.
6. Vitalik Buterin – Co-creator of Ethereum, Vitalik Buterin is a major Ethereum whale with holdings that include approximately 355,000 Ethereum and other substantial coin holdings.
7. Tim Draper – Venture capitalist Tim Draper, known for his significant Bitcoin investment, holds a crypto portfolio estimated to be valued at over $1 billion.
8. Winklevoss Twins – The Winklevoss twins, famous for their early Bitcoin investment, are considered prominent Bitcoin whales, with a portfolio of approximately 70,000 Bitcoins and various other cryptocurrencies.
9. Barry Silbert – Through his Digital Currency Group and Grayscale, Barry Silbert manages a portfolio of crypto assets worth over $28 billion, including Bitcoin and Ether.
10. Jed McCaleb – As one of the co-founders of Ripple, Jed McCaleb holds approximately 3.4 billion XRP, valued at around $1.6 billion.
The deadline for withdrawal of #NOTCOIN from the Notcoin bot is approaching. All NOTCOIN holders can withdraw on 16th June, 2024. Withdraw to avoid your coin from being burned🔥
SPREAD to help your friends👍👍👍 #Megadrop #bitcoin #notcoin #floki #Shiba
Last year I predicted that Bitcoin will reach $70,000 in the first quarter of 2024 and I and my team have made $50,000 in the space of 8months. The rest is history .
I predict again that Bitcoin will lower to $58,000 by the end of June so lets buy it after June.