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Bitcoin Holds Steady at $60K Amid Massive Sell-Off Fears – Is a Drop to $50K Next?
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JUST IN: The German government is selling 🥇 Bitcoin again.
Today, they transferred 400 $BTC ($24 million) to Coinbase and Kraken exchanges, and another 500 $BTC to an unknown wallet.
🌊 Am I underwater? I sure am. Am I scared? I am not.
Mt. Gox future repayments have been gaslighting #BTC for years! Now FINALLY this sword of Damocles is gone. In terms of news, #BTC should form an absolute fucking bottom in the next few days - that's why I am not selling.
Bitcoin (BTC) Drops Below 61,000 USDT with a 5.16% Decrease in 24 Hours
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Mt. Gox Trustee Announces Commencement of Bitcoin and Bitcoin Cash Repayment
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The price of Bitcoin is falling and it could break below $64,000.
If that happens, the price might drop further to $63,000, where there is liquidation, so the market could target that level.
The market is volatile so be careful and avoid leverage trading for now..
Major Token Unlocks Expected Next Week, Total Value Exceeds $100 Million
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©️ JUST IN: Michael Saylor explains how #Bitcoin could hit $10 Million per #BTC
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Bitcoin Miners Sell Over 30,000 BTC Since June, Fastest Pace in Over a Year
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Meanwhile Fear&Greed index is back to neutral territory! Nothing significant so far, but this clearly indicates the mood of the crowd.
Btw I don't think we'll get to "fear" during current bull market.
Binance Market Update (2024-06-21)
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Anticipated Increase in Options Trading Volume as Quarter-End Approaches
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#BTC visited the buy zone and bounced back. Nothing too exciting so far, we'll see how this week ends!
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🇺🇸US SEC Closes Ethereum 2.0 Investigation:
📢 The US SEC has closed its investigation into Ethereum 2.0, which Consensys calls a “major win” for the crypto industry.
🌐Source: CoinDesk
Binance Market Update (2024-06-25)
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🗓 By the way, these are dates of past Mt. Gox FUD news shaking the market.
As you might notice, every time #BTC pumped hard in a matter of days 👀
Important Zone for us for Bitcoin is $56000 from where we saw big bounce last time on 1st may 2024 when bitcoin pumped back to $72000 after touching $56000 .
If that is broken $50k is most important zone should not break as alts will bleed more and more if these zones are broken .
But For me Q4 of 2024 and Q1 of 2025 should be extremely bullish so don't switch your Alts portfolio for little profit or to save little loss as we will only be at loss if we close the trade so wait for time when market sentiments and news around market turns bullish .
Q4 we have
- US elections ,
- Token 2049 singapore ( Has been quite bullish always )
- 6 months complete of halving which have always been a bullish event
So stay calm and relax with your holdings .
Binance Market Update (2024-06-24)
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Crypto Market Faces Losses Amid Doubts Over Federal Reserve's Rate Cut Scope
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👨🏻💻 BITCOIN FRACTAL
I know that current market dump seems endless. However, I think we will form the local bottom pretty soon!
✍️ I have already started to buy #BTC and already bought some alts. Now let me present a fractal from late December 2023 that I anticipate to happen again!
There are multiple stages:
- firstly the range is formed
- then #BTC is unable to break the range highs and dives back
- bulls pull their bids higher, anticipating the bounce
- #BTC pumps and breaks out of the range
A friend of mine said a phrase that really got me, he said "it feels like alts are exhausted of dumping". I also believe we are a week or two away from major reversal!
Binance Market Update (2024-06-23)
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CoinStats App Attacked, Hackers Steal and Sell MKR Tokens
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One of the main drivers for future pump is stablecoins market cap growth. The more stables we have, the more crypto can be bought!
As you can see, stables market cap is flat since this April. Nuff said, only thing we can do is wait for the printer to print!
#BTC looks like shit so far, not gonna lie 🙃
Still, my buy orders are getting filled! There is some more room to dump, so I simply buy until targets or invalidation 😤
📢 UPDATE: German Government Continues Selling $BTC - Over $195M So Far! 🚨
In the past 4 hours, the German Government has been active:
➡️ Sent $65M in BTC to 2 likely exchange deposits, including Coinbase.
➡️ Transferred 310 BTC from Kraken to their own wallet.
Looks like they're playing games with those tracking transactions! 😂
Yesterday, they moved $600M in BTC, sending $130M to 4 likely exchange deposits, including Kraken and Bitstamp.
Currently, they still hold $3.3B in BTC (~51,000 BTC).
Wallet Address 1: bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd
Wallet Address 2: bc1qq0l4jgg9rcm3puhhfwaz4c9t8hdee8hfz6738z
Stay tuned for more updates!
MicroStrategy Completes $800 Million Convertible Note Issue
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OTC Weekly Trading Insights (06/20/2024)
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💰 #BTC/USD is breaking below the Key Level inside the Range👀
Get ready for $60k to be retested📉