**Hodl Strategy:** Some people have become millionaires by buying and holding onto cryptocurrencies for the long term. This can be less stressful than day trading.
**Diversify:** Don't put all your money into a single cryptocurrency. Diversify your investments to spread risk.
**Educate Yourself:** Learn about blockchain technology, different cryptocurrencies, and how the market wor' Knowledge is your best tool.
**Risk Management:** Only invest what you can afford to lose. Crypto is highly volatile, and you could lose your entire investment.
**Stay Informed:** Keep up with the latest news and trends in the crypto market. Market sentiment can change rapidly.
**Technical Analysis:** If you're into trading, learn technical analysis to help make informed decisions about when to buy or sell.
**Security:** Protect your crypto assets with strong security measures. Use hardware wallets and secure exchanges.
Remember, there are no guaranteed shortcuts to becoming a millionaire in crypto, and the market can be extremely
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Bitcoin $BTC fell to $114,013 on Friday, causing over $200 million in liquidations of leveraged bullish positions and hurting sentiment in BTC derivatives markets.
Investors appear to be losing confidence after three straight weeks of failing to hold prices above $120,000. But does this mean the bull run is over?
$BTC Faces Golden Fibonacci Hurdle at $122K. #BTCanalysis
Bitcoin: Golden Ratio Eyed
As bitcoin (BTC) continues to trade flat in the $116,000-$120,000 range, the monthly chart shows $122,056 as key resistance that needs to be breached to confirm continuation of the bull run.
That level represents the 1.618% Fibonacci extension, originating from the December 2018 lows, the December 2022 lows, and the 2021 high. The 1.618% extension is highly important because it's derived from the "Golden Ratio," a revered mathematical constant in finance. The level is widely found in nature and art, which is why many believe it also influences human psychology and market movements.
ETH Going to $16K in This Cycle? Analyst Explains Why This Could happen. #todaynews $ETH Ether (ETH) hovered near $3,800 on Thursday as increasingly bullish price targets circulated on crypto social media, including one analyst who outlined a case for $16,000 based on long-term technical setups and sustained institutional inflows.
"Edward", a popular chart analyst on X, argued in a Thursday post that a five-digit ether price is now within reach, pointing to a "clean ascending triangle" formation on the monthly ETH chart. This structure, commonly seen as a pre-breakout pattern, mirrors technical conditions observed in 2020 - just before ether embarked on a 2,000% rally.
In Edward's view, a decisive breakout above $4,000 could trigger a similar move, with the triangle's projected vertical range implying potential upside toward the $15,000-$16,000 zone. "The structure is there. Demand is rising. Supply is capped," he wrote, noting that momentum and fundamentals appear to be aligning for the first time in years.