BTC500K

BTCUSD BUY ANALYSIS (READ CAPTION)
$BTC

hello traders! What do you think about this channel.

Current price: 98600

Market has created left shoulder, head and right shoulder after breaking out 98000. Now market can temporarily retest then it's next target will be 103000.

Supporting area: 98000, 97200
Target: 100000, 103000.
Please don't forget like comment thank you for support
#btc #BTC500k #MarketPullback #BTCNextMove

Many afraid they will dump $1B worth of $BTC ,So I've analyzed their latest approach to see what they do.I was shocked, when I found out their REAL plan 🧵👇⬇️⬇️Last time when BTC whales dumped their assets it went down 30%.2 days ago, BlackRock transferred 100k $BTC to multiple wallets.
So I decided to research all the possible scenarios, let's break them down.Currently, there are only 2
scenarios that can happen:— BlackRock will sell— They are just manipulating retailAnd each has its own pros and cons.⬇️Will BlackRock start selling?Right now, BlackRock is sitting at a huge profit from BTC.
They don't publically disclose their average entry price on BTC.But if you look at the accumulation phase where they filled their wallets.
The price may vary from $30k-$40k per coin.Most of you remember when Germany and MT Gox dumped their holdings.
At that time, they sold $9B worth of BTC.Which dipped the price from $72k to $54k.But the dump didn't happen due to their sell alone.
When the asset has $20B daily volume, a $9B dump shouldn't result in -25%.That happened due to retail panic, which led to a massive retail sell-off.⬇️During the last week,
many people started to believe in this bullrun.And even on BTC, we see a lot of buy orders in the $100k range.
This may be the best time to shake off weak hands from the market.But these transfers can be seen as retail manipulation.
Yesterday they mentioned how much % their investors need to own in BTC.It's the first time they told their clients about direct crypto ownership.
Offloading into their own clients can negatively affect their reputation.In conclusion,
I will say:Right now is not the best time to enter the market.The market will keep the bullish trend,
but we will see a lot of sell-offs.And new opportunities to enter will appear.Don't rush things up, and get smarter every day.⬇️
Thank you for reading!If you found this article interesting, make sure to follow me for more valuable content 📈And
don't forget to like & repost
$BTC
#BTC☀ #BTC500K #BTCReclaims101K #BitcoinKeyZone #CPI4MonthsHigh

Today, he sold almost all his $BTC at $103K. He claims to have been holding since around $25K and says he'll only buy back below $40K. He also has certain expectations about the market's future, but there are several reasons to question the validity of his actions and predictions.

### His Crypto Journey and Current Decision

He describes his experience in the crypto space as eventful, filled with numerous mistakes in trading since the FTX bankruptcy. Currently, he has sold all his BTC and has no intention of repurchasing until the price is between $40K and $30K. He bases this decision on what he considers to be his market research.

### The Flaws in His Reasoning

#### 1. Narrow View on Risk-Reward
He believes that many people wrongly hold onto their BTC, while he prefers to trade based on cycles and his risk-reward (r/r) plan. He states that the current r/r for BTC is around 15 - 20%, which he finds unappealing as he questions the wisdom of risking a potential 300% profit for an additional 15%. However, the cryptocurrency market is highly unpredictable and influenced by a multitude of factors beyond just the r/r ratio. For instance, the acceptance of BTC as a legitimate form of payment by major corporations could significantly increase its value, regardless of the current r/r.

#### 2. Overreliance on Past Bull Run Patterns
He notes that $BTC had its second price run from $31K to $73K, reaching a new ATH before the halving, unlike previous cycles where the ATH was reached after. He concludes that many retail investors were mistaken in thinking the bull run would start after the halving and that we are already in it. But the market is constantly evolving, and a single deviation from the past pattern doesn't guarantee a new, permanent trend. New technological advancements or regulatory changes could cause the market to revert to previous behaviors or follow an entirely new trajectory.

#### 3. Excessive Dependence on Historical Cycles
He heavily leans on historical market cycles to predict that BTC will hit its peak in November - December 2024 and that the bull run will end in September 2025. He cites similarities in past bull and bear markets, such as the timing of peaks before halvings and the durations and percentage drops in bear markets. However, the cryptocurrency market has grown and changed substantially. The entrance of new institutional investors, the development of new blockchain technologies, or changes in global economic policies could disrupt these historical patterns and render his predictions inaccurate.

#### 4. Speculative Altseason and Narrative Predictions
He anticipates that alts will experience a significant price increase soon and that once BTC moves sideways, its dominance will decline, leading to a major altseason. He also believes that the AI narrative, which he thinks hasn't fully materialized in this bull run, will drive up related altcoins, along with DePin, RWA, etc. These predictions are highly speculative. The success of altcoins depends on a variety of factors, including technological innovation, competition, and adoption rates. Just because a narrative is popular doesn't ensure that the associated altcoins will perform as expected.

### Evidence Suggesting Bitcoin Could Reach $1 Million

Despite the uncertainties in short-term market movements, there are some factors that could potentially drive Bitcoin's price to $1 million in the long term. One of the most significant is its limited supply. With a maximum of 21 million Bitcoins that will ever be created, as adoption and demand continue to expand over time, the scarcity factor could have a powerful impact on its price. For example, if Bitcoin were to become a widely adopted global store of value, similar to gold, its price could increase exponentially. Consider that the total value of all gold in the world is estimated to be in the trillions of dollars. If Bitcoin were to capture even a fraction of that value as a store of value, given its limited supply, its price could easily reach $1 million. Additionally, as more countries and institutions recognize and invest in Bitcoin, its liquidity and stability could increase, further fueling its price growth. The growing interest from institutional investors, such as hedge funds and asset management firms, is also a positive sign. Their entry into the market brings in significant capital and could contribute to a long-term price increase.

In conclusion, while he has made certain decisions and predictions based on his understanding of the market, there are many factors that could prove him wrong. And when considering the long-term potential of Bitcoin, there are valid reasons to believe that it could reach the $1 million mark, despite the current market uncertainties.
#BTC500K #BTC☀

$BTC

This analysis is an update of the analysis you see in the "Related publications" section

The price reached the green zone and is now pumping. We anticipate the start of a drop and an alt-season from the upper red zone.

Note that, in terms of price, we consider this area to be the peak of Bitcoin dominance. However, in terms of timing and the number of times this level is tested, there is no certainty. This means that when Bitcoin dominance reaches the upper red level, you can enter altcoins. However, altcoin fluctuations might increase, and it could take some time, as the market maker might cause some turbulence before the main move.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

#BTC☀ #BTC500K #MarketNewHype #BTCNewATH

$CRV

👋 Welcome to TradeCityPro Channel!
Let’s analyze CRV, one of the older and more popular coins in the DeFi space, previously a staple in many crypto whales' wallets.

🌟 Bitcoin Overview

Before diving into CRV, let’s take a quick look at Bitcoin. It recently hit a new ATH but faced a heavy rejection on the 1-hour timeframe, triggering significant selling pressure in the market.

Remember, these kinds of candles are typical during bull runs. They may appear bearish on higher timeframes, but they often induce FOMO and panic selling, leading to potential buying opportunities.

📅 Weekly Timeframe Analysis

After losing its critical support at 0.4107, CRV dropped to 0.2219. Following a decrease in selling pressure, the coin consolidated for several weeks in a box range.

With renewed whale interest, significant buying volume pushed the price up by 350%, breaking the box and daily resistance. The rally was capped at 1.2060, where CRV has been trading below for the past two weeks.

If you entered the market after the box breakout, you should already have a reasonable profit. You can either take partial profits or withdraw your initial investment, holding the remaining position as "free tokens."

If you missed the rally, it’s currently not an ideal entry point due to the large stop loss required. Wait for either a time-based correction (range-bound movement) or a price correction to 0.8065, which serves as the next major support level.

🌞 Daily Timeframe

On the daily chart, CRV moved upward after breaking out of the 0.2219 – 0.3169 range and is now trading below the 1.251 resistance.

Support: 1.0522 (lower timeframe), 0.7985, and 0.6217 for potential price corrections.
Resistance: A break above 1.251 could lead to higher price targets, with the first at 1.9109.

breakout above 1.2510 may provide a momentum-based entry, but it’s riskier than the earlier entry at 0.3169. Wait for confirmation, such as volume increase and RSI movement, before entering.

⏰ 4-Hour Timeframe
On the 4-hour chart, CRV has tested the 1.2693 resistance twice. This level could act as a key trigger for future positions.

📈 Long Position Trigger
Open a long position after breaking 1.2693, with confirmation through increased volume and RSI entering the overbought zone. This is a weekly resistance, so a fake breakout is likely if volume is low.

📉 Short Position Trigger
No short positions are being considered for now, as they go against the current trend. Instead, focus on finding setups in other coins or monitoring CRV for better opportunities.

💡 BTC Pair Insight

Against Bitcoin, CRV has been in a prolonged downtrend but recently started to recover after breaking 0.00000528. However, the real bullish movement will begin only after breaking 0.00001223, forming higher lows, and continuing its upward trend.

Avoid FOMO. If you miss CRV, there are plenty of other opportunities in the market.

📝 Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice
#cvrusdt #BTC500K #PENGUOpening #VANAOpening #Write2Earn!

$BTC

It pulls liquidity onto itself, forming an ascending flag. Targets for it are $140-150k
#BTC☀ #BTC500K #BinanceSquareFamily #BinanceLaunchpoolVANA #BTCReclaims101K