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🚨 As anticipated, the boost from the rate cut has been completely reversed 📉.
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Bitcoin ($BTC ) has retested the resistance area and faced rejection. The market remains weak, and the price might drop back to the $108,000 level. However, a breakout above $112,000 could drive the price toward the $115,000 zone.
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Bitcoin is rebounding from the horizontal demand zone and the support trendline of the descending channel. The Ichimoku Cloud serves as a resistance barrier above the channel. A decisive breakout above both the channel and the cloud would confirm a bullish trend. For now, we should wait for further developments in price action.
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🚨 BREAKING: Rex Osprey has filed an application with the SEC for a BNB + Staking ETF.
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📊🤔 According to Willy Woo, liquidity is shifting from Bitcoin to Ethereum. The inflows into Ethereum have reached $0.9 billion per day (silver) and are approaching the inflows for Bitcoin (orange). This recent increase in flows began when Tom Lee's Ethereum treasury company, BitMine, started accumulating ETH. Nearly $1 billion in inflows.
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🟠 Holding #Bitcoin has been profitable for more than 99% of its history. 🟠 If you hold Bitcoin for over 3 years, your chances of losing money are virtually 0%. Just HODL ✊
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