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This is called a Bitcoin banana effect We saw a massive pump in 2011, 2014, 2019, 2022 and If this plays out again we can see BTC $250k - $300k as the new bull market high. Multiple countries are approving spot ETFs, Funds buying billions worth BTC. Don’t ignore the signs. #BTC #BullorBear #Memecoins #HKETF #bitcoinhalving $BTC
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$74k WAS THE BITCOIN TOP Anyone saying such things simply doesn't understand the crypto cycle and on-chain indicators. Here's why $74k is not the Bitcoin top 1) On-Chain indicators signalling correction Every major on-chain indicator like the MVRV Z-Score, NUPL, and Pi Cycle Top is indicating a normal correction, which usually happens during every bull run. 2) No Major drop During the 2017 peak, BTC dropped 50% in a month During the 2021 peak, BTC dropped 40% in a month This time, BTC hit a new ATH of $74K on March 14th, and since then, it's only been down 16% in 45 days. This clearly indicates a mid-cycle correction rather than a blow-off top. 3) Bitcoin pricing in every major FUD Since Bitcoin Halving, several FUDs like Mt. Gox selling, FBI warning, rate cut delay, and a war situation have hit the market, but BTC is still trading above $60k This type of strength usually occurs only during a bull market. 4) More Bullish News Coming From tomorrow, Hong Kong Spot ETFs will start trading Along with that, the Australian Securities Exchange is also expected to approve Bitcoin ETFs in 2024 FASB rule, rate cuts will happen in 2024 too, and the market hasn't priced in these events. So, don't overthink the BTC top and use this opportunity to DCA into your favourite coins. #BTC #bitcoin #BullorBear #bitcoinhalving #Memecoins
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🚨 BREAKING 🚨 RUSSIA PLANS FOR TOTAL BITCOIN BAN AMID GEOPOLITICAL TENSIONS RISE. THEY WILL ONLY ALLOW DIGITAL RUBLES NOW. THE NEED FOR A BAN IS BECAUSE BITCOIN IS A CURRENCY THAT REPLACES THE RUBLE AND THEN "THEY'LL FIGHT YOU" PHASE HAS STARTED #BTC #bitcoin #BullorBear
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You’ll lean more from losing $10 of your own money in the market than from losing $1,000,000 in a practice trading account #BTC #bitcoin #BullorBear
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𝗧𝗵𝗶𝘀 𝗢𝗻𝗲 𝗧𝗵𝗶𝗻𝗴 𝗖𝗼𝘂𝗹𝗱 𝗖𝗿𝗮𝘀𝗵 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗔𝗻𝗱 𝗖𝗿𝘆𝗽𝘁𝗼 𝗜𝗻 𝗧𝗵𝗲 𝗖𝗼𝗺𝗶𝗻𝗴 𝗠𝗼𝗻𝘁𝗵𝘀 Reason 👇 ◾ Fear of stagflation Recently, US GDP data came in at 1.6%, which was almost 40% less than expectations. On the other hand, US core PCE rose from 2% to 3.7% (an almost 85% increase). This indicates a weakening economy with rising inflation, also called stagflation. Why is it bad? During a weakening economy, the FED usually makes rate cuts to boost the economy. During rising inflation, the FED usually does rate hikes to control the inflation. But right now, the FED is clueless, as both things are happening at the same time. During the stagflation era of 1970–80, stocks were one of the worst performers. Given that crypto usually follows stocks, if the stock market takes a big hit, Bitcoin and crypto will dump even more. The next FOMC meeting is in 4 days, which will decide the fate of the market in the coming months. If you liked this analysis, then hit like and repost it. #BullorBear #BTC #bitcoin #Memecoins #Token2049
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