On the daily time frame, Bitcoin has returned again to the resistance area at $69,000, which was previously broken and is now acting as an important support area. The 21 days MA indicator acts as additional support for the current price action. The ichimoku cloud area indicates strong support. The data indicates a high probability of a rebound from the current area and the market returning to rise. The negative is that if a single candle closes at levels between $67,000-$68,000, then the trend will be bearish and we will lose the upward momentum. 👍 $BTC
🟢 Brothers, a very important thing in the market and most people do not care about it is the entry price in the currency.
🟢 Simply, as I mentioned earlier, the entry price makes you at least in most periods of the year at a good average entry price and not in huge losses.
🟢 Currencies were in a bear market in 2022 and 2023 and all currencies were severely low until Bitcoin reached $ 15,000 and until January 2024, most currencies were falling and this is the best period to buy in each cycle during the bear market.
🟢 Entering the market in February or March of this year is a huge mistake, but it may be a mistake resulting from lack of experience in the market and this is a natural thing that we all learn.
🟢 One of the advantages of spot (instant trading) is that it always gives you a chance to compensate, meaning that even entering at high prices in February, March, and April last year will still be an opportunity to exit with good profits, depending on the way you manage your portfolio.
🟢 We always recommend currencies such as Bitcoin, Ethereum, Solana, and especially Bitcoin, as the largest part of the portfolio, and if you look at these currencies, you will find that they maintain their prices without falling. $BTC
Achieving the third goal 💸 This is the benefit of trading in all circumstances. You can make a profit, even if Bitcoin moves alone. We trade on it 🤑 $BTC
On a weekly time frame, the currency is trading within a symmetrical triangle pattern, both the 50 days MA and the 100 days MA provide strong support below the current price action, giving bullish momentum. The currency is approaching a critical level at the pattern's resistance trend line. Breaking the pattern and closing above it will confirm the currency's upward trend, while failure to break the pattern will lead to a correction $DOGE
🟢 Bitcoin is not an enemy of alternative currencies, but the opposite, perhaps the rise of Bitcoin and the rise in acquisition will lead to more outflows from alternative currencies to Bitcoin, which leads to suffocation of currencies, but this is temporary, it is in the interest of alternative currencies to rise Bitcoin because making large profits from Bitcoin means reinvesting part of the profits in the rest of the currencies.
🟢 Therefore, in each cycle, Bitcoin rises first, then the large currencies with more reliable ones, then the currencies with less market value, which are consequently more risky.
🟢 Because owners of large capitals mostly do not take risks, but rather tell you to take risks until you lose, but they only risk part of the profits, so there will be no strong flow in alternative currencies until Bitcoin achieves new peaks and reserves profits from Bitcoin.
🟢 The market value of Bitcoin is approximately $ 1.4 trillion, while the market value of alternative currencies may be only 100 million, which means that reinvesting only a very small part of Bitcoin's profits will lead to these currencies soaring.
🟢 Choose carefully the currencies you want to keep and sort between currencies and projects in the portfolio and when you exit with a profit do not reinvest the capital but rather part of the profit in currencies that have not risen yet. 👍 $BTC
On the 2-day timeframe, Bitcoin is consolidating within a widening falling wedge pattern and is now trading just below the resistance trend line after several attempts to break it. Both the 50-day MA and 100-day MA are providing strong support below the current price action, increasing the probability of a breakout of the pattern. A breakout of the pattern will lead to a strong upward move and a new high for Bitcoin. 👍 $BTC
On the daily timeframe, the currency is consolidating itself inside a symmetrical triangle pattern and is currently trading above the support trend line and the ichimoku cloud area, indicating bullish momentum. A decisive breakout of the pattern could lead to a strong bullish wave. We should closely monitor the current levels in case of a breakdown below the pattern, it will lead to a correction. $AVAX
Do you think in 2008 someone expected Bitcoin to reach even $2 only?
Did anyone expect Bitcoin to reach $3,000 in 2019 to reach $69,000 in just two years?
Simply $200,000 is a realistic goal.
And within ten years, even $1 million for one Bitcoin, we may see it if Bitcoin approaches the market value of gold. In 2000, the price of gold was about $270, and today it exceeds $2,700.