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BTC: What's Next?
A significant event took place yesterday. BTC hit its all-time high (ATH). With the ATH attained, the price fell by $1000 in a minute. Most were surprised. Panic set in for some, and mass selling commenced. While the mass sale was on, a colleague asked how this could happen. I responded by saying only the derivatives could cause this type of mass selling. It turns out that quite a few derivatives got liquidated.
My piece of 4 March did mention a possible fall in price. I suspect something similar will happen at price points of between $70 and $72k. The reason is that there are a few take profits in the offing. While the Fear and Greed Index is now at 75, this does not mean that it is plain sailing. For the students of on-chain analysis, the Pi Cycle Top Indicator (PCTI) shows the BTC price hitting the 350-DMA x 2. The PCTI has to count for something.
I believe that the price of BTC will hit $100k sometime in the future, possibly this year. And as for when this will occur, your guess is as good as mine.
#nosazena #btcprice #bitcoin #Write2Earn #cryptomarket
A significant event took place yesterday. BTC hit its all-time high (ATH). With the ATH attained, the price fell by $1000 in a minute. Most were surprised. Panic set in for some, and mass selling commenced. While the mass sale was on, a colleague asked how this could happen. I responded by saying only the derivatives could cause this type of mass selling. It turns out that quite a few derivatives got liquidated.
My piece of 4 March did mention a possible fall in price. I suspect something similar will happen at price points of between $70 and $72k. The reason is that there are a few take profits in the offing. While the Fear and Greed Index is now at 75, this does not mean that it is plain sailing. For the students of on-chain analysis, the Pi Cycle Top Indicator (PCTI) shows the BTC price hitting the 350-DMA x 2. The PCTI has to count for something.
I believe that the price of BTC will hit $100k sometime in the future, possibly this year. And as for when this will occur, your guess is as good as mine.
#nosazena #btcprice #bitcoin #Write2Earn #cryptomarket
HELLO Assalam alaikum everyone.
In this post I will tell you the price of Bitcoin history.
:
1. **2009-2010**: Bitcoin was virtually worthless in its early days, with negligible trading volume and minimal adoption. Prices were measured in fractions of a cent, and only a handful of enthusiasts were mining and trading the cryptocurrency.
2. **2011**: Bitcoin started gaining traction, reaching parity with the US dollar for the first time in February 2011. However, it experienced significant volatility throughout the year, with prices fluctuating between $0.30 and $31.
3. **2012-2013**: Bitcoin's price surged in 2013, driven by increased media attention, growing adoption, and speculation. It reached an all-time high of over $1,000 in November 2013 before experiencing a sharp correction.
4. **2014-2015**: Bitcoin entered a prolonged bear market, with prices declining and stabilizing around the $200-$300 range. This period was characterized by regulatory uncertainty and the collapse of prominent Bitcoin exchanges like Mt. Gox.
5. **2016-2017**: Bitcoin's price began to climb again in 2016, fueled by growing institutional interest, regulatory clarity, and the emergence of new use cases like decentralized finance (DeFi). In December 2017, Bitcoin reached its previous all-time high, surpassing $20,000.
6. **2018-present**: Following the 2017 peak, Bitcoin experienced a significant correction, with prices falling below $4,000 in 2018. Since then, Bitcoin has exhibited a cyclical pattern of bull and bear markets, with prices fluctuating between $3,000 and $60,000.
#btc70k #btcprice #btchistory #write2earn #EarnFreeCrypto2024 $BTC
In this post I will tell you the price of Bitcoin history.
:
1. **2009-2010**: Bitcoin was virtually worthless in its early days, with negligible trading volume and minimal adoption. Prices were measured in fractions of a cent, and only a handful of enthusiasts were mining and trading the cryptocurrency.
2. **2011**: Bitcoin started gaining traction, reaching parity with the US dollar for the first time in February 2011. However, it experienced significant volatility throughout the year, with prices fluctuating between $0.30 and $31.
3. **2012-2013**: Bitcoin's price surged in 2013, driven by increased media attention, growing adoption, and speculation. It reached an all-time high of over $1,000 in November 2013 before experiencing a sharp correction.
4. **2014-2015**: Bitcoin entered a prolonged bear market, with prices declining and stabilizing around the $200-$300 range. This period was characterized by regulatory uncertainty and the collapse of prominent Bitcoin exchanges like Mt. Gox.
5. **2016-2017**: Bitcoin's price began to climb again in 2016, fueled by growing institutional interest, regulatory clarity, and the emergence of new use cases like decentralized finance (DeFi). In December 2017, Bitcoin reached its previous all-time high, surpassing $20,000.
6. **2018-present**: Following the 2017 peak, Bitcoin experienced a significant correction, with prices falling below $4,000 in 2018. Since then, Bitcoin has exhibited a cyclical pattern of bull and bear markets, with prices fluctuating between $3,000 and $60,000.
#btc70k #btcprice #btchistory #write2earn #EarnFreeCrypto2024 $BTC
_$BTC Price Alert_
*Market Update*
$BTC is running on fumes, and its current momentum is expected to fade soon. Analysts predict a significant downturn, potentially dropping to $50k or lower.
*Remember*
Market predictions are subject to change and shouldn't be taken as investment advice. Always do your own research and consult reliable sources before making trading decisions.
*Stay Informed*
#cryptomarket #btcprice #tradingreminder #binancesquare
*Market Update*
$BTC is running on fumes, and its current momentum is expected to fade soon. Analysts predict a significant downturn, potentially dropping to $50k or lower.
*Remember*
Market predictions are subject to change and shouldn't be taken as investment advice. Always do your own research and consult reliable sources before making trading decisions.
*Stay Informed*
#cryptomarket #btcprice #tradingreminder #binancesquare
$ETH $good day to trade btc 🤑🏆
probably something btc sushi 💭🍣
#btc #writetoearn #btcprice $BTC $
$
BTC
$70,017
ETH
$3,796
USDT
$0.9996
BNB
$616
SOL
$178
XRP
$0.54
USDC
$1.00
ADA
$0.501
AVAX
$40.69
TRX
$0.124
DOGE
$0.17
LINK
$16.71
DOT
$7.58
MATIC
$0.74
ICP
$13.56
SHIB
$0.00
DAI
$1.00
BCH
$518
LTC
$89.02
UNI
$9.52
ETC
$31.90
ATOM
$8.85
HBAR
$0.12
FIL
$6.23
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Prashant Jha
PRASHANT JHA
5 HOURS AGO
Bitcoin shorts worth $1.4B at risk of liquidation if BTC price hits $74.3K
The recent bullish price momentum is attributed to several factors, including increasing investor confidence, decreasing exchange supply and inflows into spot BTC ETFs.
4846
42
2:34
Bitcoin shorts worth $1.4B at risk of liquidation if BTC price hits $74.3KNEWS
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Collect this article as NFT
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The Bitcoin price is currently just 3% away from its all-time high (ATH) of $73,750. However, if it continues its current bullish momentum and posts a new ATH above $74,300, it would trigger the liquidation of nearly $1.45 billion in short positions.
Source: CoinGlass
According to data from CoinGlass, the number of long-leveraged positions is considerably higher than that of short-leveraged positions.
Shorting Bitcoin
BTC
tickers down
$70,017
involves borrowing BTC and selling it, expecting the price to decline. The trader aims to buy back the Bitcoin at a lower price, repay the loan and profit from the price difference.
In addition to the potential future price movements and their effect on short sellers, the price momentum over the past 24 hours has caused the liquidation of nearly $328 million in leveraged positions. Of this total, $64 million were long positions, while $264 million were short positions.
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Bitcoin has followed a sideways price action, trading in the $60,000 to $65,000 range for nearly a month since the block subsidy halving in April.
probably something btc sushi 💭🍣
#btc #writetoearn #btcprice $BTC $
$
BTC
$70,017
ETH
$3,796
USDT
$0.9996
BNB
$616
SOL
$178
XRP
$0.54
USDC
$1.00
ADA
$0.501
AVAX
$40.69
TRX
$0.124
DOGE
$0.17
LINK
$16.71
DOT
$7.58
MATIC
$0.74
ICP
$13.56
SHIB
$0.00
DAI
$1.00
BCH
$518
LTC
$89.02
UNI
$9.52
ETC
$31.90
ATOM
$8.85
HBAR
$0.12
FIL
$6.23
Ad
Prashant Jha
PRASHANT JHA
5 HOURS AGO
Bitcoin shorts worth $1.4B at risk of liquidation if BTC price hits $74.3K
The recent bullish price momentum is attributed to several factors, including increasing investor confidence, decreasing exchange supply and inflows into spot BTC ETFs.
4846
42
2:34
Bitcoin shorts worth $1.4B at risk of liquidation if BTC price hits $74.3KNEWS
Own this piece of crypto history
Collect this article as NFT
Join us on social networks
The Bitcoin price is currently just 3% away from its all-time high (ATH) of $73,750. However, if it continues its current bullish momentum and posts a new ATH above $74,300, it would trigger the liquidation of nearly $1.45 billion in short positions.
Source: CoinGlass
According to data from CoinGlass, the number of long-leveraged positions is considerably higher than that of short-leveraged positions.
Shorting Bitcoin
BTC
tickers down
$70,017
involves borrowing BTC and selling it, expecting the price to decline. The trader aims to buy back the Bitcoin at a lower price, repay the loan and profit from the price difference.
In addition to the potential future price movements and their effect on short sellers, the price momentum over the past 24 hours has caused the liquidation of nearly $328 million in leveraged positions. Of this total, $64 million were long positions, while $264 million were short positions.
Advertisement
Trade smart with Markets Pro instant alerts. Claim your 65% discount now!
Ad
Bitcoin has followed a sideways price action, trading in the $60,000 to $65,000 range for nearly a month since the block subsidy halving in April.
BITCOIN REACTS TO SOUTH AMERICAN FIRM'S 24K BTC PURCHASE PLAN 🚀
Nilam Resources, a prominent South American gold mining company, has sent shockwaves through the crypto sphere with its ambitious plan to acquire a staggering 24,800 Bitcoin (BTC). The move, facilitated through a Letter of Intent (LOI), signifies a bold leap into the world of digital assets, positioning Bitcoin as the cornerstone of the company's strategic vision.
Going all-in on BTC, Nilam Resources has inked a pivotal agreement with Xyberdata Ltd, paving the way for the acquisition of 100% ownership of a special purpose entity named MindWave. This entity will not only house the coveted Bitcoin reserves but also undisclosed digital assets, serving as collateral for future endeavors.
Echoing the sentiments of industry giants like #MicroStrategy , Nilam Resources underscores Bitcoin's unrivaled status as the "gold standard" and heralds its pivotal role in shaping the future of digital transactions.
Bitcoin's response to this groundbreaking announcement has been nothing short of spectacular, with the king coin witnessing a notable uptick in price, swiftly reclaiming the coveted $70,000 threshold. However, amid the jubilation, sentiments have been somewhat tempered, as reflected by a decline in Weighted Sentiment metrics.
Despite the surge in price and social interest surrounding Bitcoin, a lingering sense of skepticism pervades, potentially dampening the coin's immediate rallying prospects. As Bitcoin approaches its all-time high, lingering uncertainties loom large, exacerbated by the anticipation of the impending halving event.
In this dynamic landscape, the crypto community eagerly awaits the unfolding of events, poised to navigate the shifting tides of sentiment and market dynamics.
As always, stay tuned for further updates with Professor Mende as the crypto saga continues to unfold. 🌟
#btcprice #btc #bitcoin $BTC
Nilam Resources, a prominent South American gold mining company, has sent shockwaves through the crypto sphere with its ambitious plan to acquire a staggering 24,800 Bitcoin (BTC). The move, facilitated through a Letter of Intent (LOI), signifies a bold leap into the world of digital assets, positioning Bitcoin as the cornerstone of the company's strategic vision.
Going all-in on BTC, Nilam Resources has inked a pivotal agreement with Xyberdata Ltd, paving the way for the acquisition of 100% ownership of a special purpose entity named MindWave. This entity will not only house the coveted Bitcoin reserves but also undisclosed digital assets, serving as collateral for future endeavors.
Echoing the sentiments of industry giants like #MicroStrategy , Nilam Resources underscores Bitcoin's unrivaled status as the "gold standard" and heralds its pivotal role in shaping the future of digital transactions.
Bitcoin's response to this groundbreaking announcement has been nothing short of spectacular, with the king coin witnessing a notable uptick in price, swiftly reclaiming the coveted $70,000 threshold. However, amid the jubilation, sentiments have been somewhat tempered, as reflected by a decline in Weighted Sentiment metrics.
Despite the surge in price and social interest surrounding Bitcoin, a lingering sense of skepticism pervades, potentially dampening the coin's immediate rallying prospects. As Bitcoin approaches its all-time high, lingering uncertainties loom large, exacerbated by the anticipation of the impending halving event.
In this dynamic landscape, the crypto community eagerly awaits the unfolding of events, poised to navigate the shifting tides of sentiment and market dynamics.
As always, stay tuned for further updates with Professor Mende as the crypto saga continues to unfold. 🌟
#btcprice #btc #bitcoin $BTC
