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$BTC pump to $65,000 was significantly influenced by a reduction in selling pressure after the German government sold approximately 48,000 BTC. This large sale happened when Bitcoin prices were around $54,000, indicating that traders had anticipated and adjusted for this influx of Bitcoin onto the market. Additionally, there has been strong institutional investments into Bitcoin ETFs and other products that has increased demand and helped counterbalance the increased supply. Moreover, the stabilization of Bitcoin exchange flows suggests a balanced level of investor activity, supporting a steady market environment. This combination of reduced selling pressure, strong buying interest, and stable market activities contributed to the price recovery of Bitcoin. Many altcoins have pumped 20-30% and we'll see more in the coming days. A good way to spot trading opportunities is to pay attention to $BTC weekly close especially around key areas. The momentum often carries on the first few days.
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Ladies & Gentleman we're now in the most exciting part of the whole cycle. Most gains were ALWAYS made after halving. If everything goes as it did in 2012, 2016 and 2020, the next few months will be life-changing for many. My body is so ready.😶🌫️
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Memecoins are pretty much one of the most volatile coins in the space But a hack is going long or short on the larger ones and benefiting from that volatility whenever #Bitcoin moves. So in most cases, whenever $BTC breaks or closes below or above a key resistance or support on the weekly, the momentum often carries on. The likes of $PEPE and $WIF often do -30% when BTC dumps and +30% in 1 day when BTC recovers. So you can understand the movement and master trading just a few coins. This is free alpha right here.
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#Altcoins I think the best part of this cycle is beginning now. What does that mean? The majority of Altcoins will outperform $BTC from now on.
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Binance 7th Anniversary Gift Box is Mind Blowing 📦🔥 Opening My Dream Box 🎁 🧡 #BinanceTurns7
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