According to Glassnode, small Bitcoin (BTC) holders, known a | Crypto Analysis with a Pharmacistt på Binance Square

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Crypto Analysis with a Pharmacistt

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According to Glassnode, small Bitcoin (BTC) holders, known as "shrimps," who own less than 1 BTC, hold about 7% of the total circulating supply. 
This highlights their significant role in the ongoing trend of accumulating BTC.
#BTC #aPharmacist #bitcoinupdate2024 #writetoearn 

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Crypto Analysis with a Pharmacistt

@aPharmacist

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Bitcoin Miner capitulation has reached levels comparable to December 2022 with a 7.6% drawdown. December 2022 marked the cycle bottom after the FTX collapse. Could this be another major turning point? #BTC☀ #Market_Update #Bitcoin❗ #aPharmacist #writetoearn

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Bitcoin encountered strong resistance and faced a price drop due to the US Dollar Index's significant strength yesterday. Gold and Silver also experienced substantial declines. Currently, BTC is holding steady at the $69,000 level. We need to monitor if the price maintains its position above this level. A break below $69,000 would be considered bearish and could push the price towards the $64,000-$65,000 range. $BTC #BTC☀ #Bitcoin❗ #writetoearn #Marketupdate #aPharmacist

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SUI broke out of the small falling wedge pattern, indicating a bullish signal. Consider opening a long position on a retest of the support area, as we anticipate a move towards the next resistance area in the coming days. Support Area: $1.05-$1.08 Resistance Area: $1.37-$1.43 #SUI🔥 #Suiusdt #btc70k #altcoins #writetoearn

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Bitcoin has broken the $70,000 level and is now testing the major resistance area, signalling a heated market for the next big move. An FOMO pump is expected after BTC breaks above the $72,500-$73,000 area. #btc70k #altcoins #writetoearn #Bitcoin❗ #aPharmacist

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SEI analysis: Price is currently trading within a triangle pattern, and we are approaching a crucial decision point. The breakout of this triangle pattern will determine the next market movement. A breakout in the upward direction will likely push the price towards the next resistance area. Consider opening a small long position at the support area with a tight stop loss. Support Area: $0.497-$0.51 #btc70k #buythedip #SEIUSDT #writetoearn #aPharmacist

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