lol crash ??? nothing will happen until something fundamental happens ...eg money flow from the Hong Kong BTC and eth ETFs, a big institutional investor like a sovereign wealth fund buying , gbtc stops selling etc
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
Bitcoin finally showing some upward movement before the Hong Kong market opens and etf trades. If this momentum can last, it could carry us to the next leg up this summer. If CPI cools and the fed cuts in July, Bitcoin will definitely skyrocket.
Here's a bitcoin ETF from Purpose investments.
Purpose Bitcoin ETF | Cryptocurrency & Bitcoin | BTCC
The world's first Bitcoin ETF. Own a piece of history with the first physically settled Bitcoin ETF available to investors. Find out howwww.purposeinvest.com
I remember all the hurdles that went into setting that specific ETF up. It was fun times
don't worry , bro , you'll be fine lol ..those waiting for a dump aren't gonna get it and will be chasing those green candles again
There WAS a major support zone at $ 59,895 and BTC crashed right through it . . . . There are some minor support zones on the way down, but the most important is the late Feb 2024 area : 50 -52k zone .. . 
Some are saying Bitcoin could drop to 40kThere WAS a major support zone at $ 59,895 and BTC crashed right through it . . . . There are some minor support zones on the way down, but the most important is the late Feb 2024 area : 50 -52k zone .. .
$ 59,800, 52,000 and yes 40k is the next major support area. I'm long term bullish and sometimes I watch a few non-bias YouTuber T/A's and chart guys and they were calling for the same thing. I didn't want to believe and I couldn't see it in their charts because I have my rosy bullish glasses on.
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It’s a good thing Powell came out not overly hawkish today, otherwise bitcoin would have easily plummeted even more
Just my interpretation of the Fed meeting today: Retail market players liked the Fed minutes and covered their shorts and rallied the market. Bear ALGO's induced the rally and you can notice by the narrow green wicks FOMO'ing to high prices and within minutes or hours it comes back down lower than where the rally started. ETH actually went green for a few minutes and BTC fell just short. Look at where the market sits post Fed meeting. TA's and chart guys calling for a couple or more massive dumps to 40k and then the "smart money" comes in. $ 59,400 to $ 56,600 ( now ), do you think the market is being manipulated ? LOL !
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I'm medium/long term holding, but I like to try and follow T/A and charting just to follow what is happening and why? If I were to day trade and outsmart the ALGO AI's, I would get whipsawed almost every time and be on the wrong side of the market. UGH !Bitcoin down to 57410 (-3.35%), on the day. I've never understood technical analysis and charting. I admire investors who do!!
Bitcoin
Bitcoin USD price, real-time (live) charts, news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more.www.coindesk.com
Bitcoin Could Rebound As ‘Paper Hands’ Investors Flee, Analysts Say - Decrypt
Paper hand investors often leave during the local bottom. One analysis suggests we’re now there.
decrypt.co
I've got Diamond hands, so far !Bitcoin Could Rebound As ‘Paper Hands’ Investors Flee, Analysts Say - Decrypt
Paper hand investors often leave during the local bottom. One analysis suggests we’re now there.
fyi, BTC dominance looks like it's going down and during this BTC dump , alts, in general, have held up relatively well.
meaning ? money rotation from BTC to alts and likely a mini alt season during the summer (the main alt season is the last leg of the cycle and ETH needs to make a new ATH first for that to happen)
meaning ? money rotation from BTC to alts and likely a mini alt season during the summer (the main alt season is the last leg of the cycle and ETH needs to make a new ATH first for that to happen)
For all TA's and chart guys, the Fib support at $ 56,500's significance is that it's - 23.5% from the current ATH ( $73,800) and no dump in 2023/2024 has gone past 23%. It's the bulls last line of defense before the 50 to 52k mark. Bear ALGO traders will try to dump it past this Fib mark during low volume times.
Weak jobs data out this am and traders loved the number. Are crypto people safe ? Was $ 56,500 the bottom from May 1st (early am around 4am or so ) ?
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I like your quote system ( or exchange ) better, my day high is $ 62,225
After more than full two months of pain, finally a recovery. If next month's CPI is soft, and the Fed decides to cut in July, absolutely guaranteed BTC will break new ATH and go onto 80k and above. This summer and fall should be the early peak. Will mostly sell all my BTC before Christmas. The last two cycles had big drops just before then in that stage of their cycles. May buy back in early Jan to capture the expected final run to the final peak, sometime early spring to fall. However, it's a huge risk to hold that late, as BTC can plunge dramatically in hours or days.
