#ScamRiskWarning To protect yourself from cryptocurrency scams, follow these tips:
1. **Use trusted wallets:** Choose well-known and secure digital wallets. Such as #binance 2. **Activate two-factor authentication:** Add an additional layer of security to your accounts. 3. **Update Software Regularly:** Keep your wallets and security software up to date. 4. **Verify addresses:** Make sure the addresses are correct when sending or receiving currencies. 5. **Avoid suspicious links:** Do not click on unreliable links or from unknown sources. 6. **Research and Learn:** Learn about the latest fraud techniques and how to protect against them. 7. **Use secure networks:** Avoid using public Wi-Fi networks when dealing in digital currencies. 8. **Keep your private keys securely:** Do not share your private keys with anyone.
Bitcoin price action reflects signs of purchasing power and positive market expectations. The price of Bitcoin has bottomed above the $66,500 level. Bitcoin started to rise again above the $68,000 resistance area after Ethereum rose above $3,200, which is an indication that the level has supported the price and that bullish momentum is building.
The price is showing strong upward momentum and is moving above important resistance levels, as a strong move occurred above the $70,000 resistance area. I expect this momentum to continue after the price rises by more than 8% until it tests the resistance area at $72,000, forming a new weekly highest level at $71,896, and now the price is in the process of consolidating the gains.
I see this as an opportunity to buy with the expectation that prices will rise further.
Bitcoin is a cryptocurrency that was created in 2009 by an unknown person named Satoshi Nakamoto. It relies on blockchain technology to ensure security and transparency. It is used as a means of exchange and investment value, despite its fluctuations.