#BTC Who invests without wanting to make a profit. 2 weeks ago BTC 68-69k within 2 weeks up to 93kx now SW is at 90k. Whales are waiting to take profit for investors to rush into fomo to the top, when they take profit, people who come in later will take the top. In about 2 weeks, 1btc will bring back 21-22k, they will definitely take profit, when investors who are caught in the top and btc goes down, they panic and have to sell to pay off debts with loans, then whales will gather again. So in my opinion, if you have a profit, close it first. If btc returns to 7x, it will take a long time to go back to 9x.
Keep your hands off the “Buy” “Sell” buttons, everyone 😆 Whether it's spot or futures, this segment can no longer rely on technical analysis for trading. All indicators have exceeded overbought levels. Currently, any price increase is just a tactic to lure in new traders. Can it go up? Yes, but it can also drop at any moment. This is specifically for BTC. As for ALT, just stay still. Currently, BTC is pulling DOM, so altcoins won't fly anywhere. Don't look at the ones that have already surged and feel discouraged about the coins you hold that haven't moved yet. At this point, if you sell, it might just take off. I wrote an article yesterday to pay attention to btc.d as it reacted at MA50, and indeed it did bounce back. Knock on wood for good fortune. For those who don’t have holdings yet, just buy gradually. No need to rush, altcoins are mostly still at the bottom. If you FOMO into those that have surged, don’t ask why your tears are salty. #BTC☀
In November 2021, Bitcoin, the largest digital currency in the world, reached a level of 69,202 USDT, surpassing the historical record of 68,999.99 USDT and was expected to rise to 70,000 USDT. However, before reaching the 70,000 USDT mark, it declined. Will it continue to grow to 80,000 USDT in November 2024 after the events of Mr. Trump becoming president and the Fed cutting interest rates, or will it repeat history?
Price changes in the last 24h: - BTC maintains a price around $72k, crowd expectations are that BTC will create a new ATH - Market sentiment is "Extremely Greedy" - Altcoins continue to be drained of most liquidity by BTC as BTC.D has not reversed - Over 160 million USD in stablecoin netflow has been withdrawn from exchanges in the last 24h #BTC
Bitcoin: Ready for a historic surge surpassing ATH?
Based on the latest technical chart, Bitcoin is showing clear signs of an extremely strong price increase. Can the 'big brother of the market' break all records and reach a new ATH by early 2025? Let's analyze!
🔹 Bull Flag pattern on the weekly chart: Bitcoin has formed a very beautiful 'Bull Flag' pattern after a strong surge at the beginning of the year. This is a notable pattern in technical analysis, where the price moves sideways and accumulates within a narrow range. This indicates that the buyers are holding their position, waiting for the opportunity to push the price higher.