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Sajid Ali Gujer
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Do You know How to Trade?
$BTC
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Sajid Ali Gujer
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Trading Strategy: Entry: Initiate a buy order upon a confirmed breakout above the horizontal resistance line. Stop-Loss: Place just below the ascending trend line to protect against false breakouts. Target: Calculate the vertical distance between the initial high and low of the triangle and add it to the breakout point to determine the price objective. please follow for More. #analysis
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Reasons Of BTC sudden Pump. early 2024, the U.S. approved several spot Bitcoin ETFs, making it easier for institutional investors to buy BTC. Billions of dollars flowed into these ETFs, increasing demand. Major players like BlackRock and Fidelity are involved, boosting credibility and adoption. The Bitcoin halving cut miner rewards from 6.25 to 3.125 BTC per block, reducing the rate at which new BTC enters circulation.Historically, halvings lead to supply shocks and are followed by bull runs. Large holders (“whales”) and a growing retail investor base are buying and holding BTC. FOMO (Fear of Missing Out) kicks in as price rises, fueling further demand. With a cap of 21 million BTC, growing demand against fixed supply puts upward pressure on price. #BTCpump #BTCPush #BTCpeaks #BTCwatchlist
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📈 Support & Resistance Levels According to Barchart's pivot point analysis: Pivot Point: $110,000 Resistance Levels: $112,000, $115,500, $116,570 Support Levels: $108,000, $105,000 If you're interested in more detailed charts or real-time updates, feel free to ask! #btctrend
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