BitcoinMovement:
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$BTC How Will Bitcoinâs Price React Before Halving, Is $80,000 the Next Target
#Memecoins #BitcoinPioneer #BitcoinTakingOverTheWorld #BitcoinDoomsday #BitcoinMovement:
Bitcoinâs remarkable 72% YTD surge prompts scrutiny for potential correction pre-halving.
Key metrics like Short-Term Holder Realized Price and Profit/Loss Margin indicate caution.
On-chain data unveils significant BTC sell-off by whales, raising concerns of downward price pressure.
Bitcoinâs sensational rally in 2024 has captivated the financial world once again. With an impressive 72% year-to-date surge, the leading cryptocurrency soared from around $42,560 at the yearâs onset to a staggering $73,000, initiating a fervent phase of price discovery.Â
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#Memecoins #BitcoinPioneer #BitcoinTakingOverTheWorld #BitcoinDoomsday #BitcoinMovement:
Bitcoinâs remarkable 72% YTD surge prompts scrutiny for potential correction pre-halving.
Key metrics like Short-Term Holder Realized Price and Profit/Loss Margin indicate caution.
On-chain data unveils significant BTC sell-off by whales, raising concerns of downward price pressure.
Bitcoinâs sensational rally in 2024 has captivated the financial world once again. With an impressive 72% year-to-date surge, the leading cryptocurrency soared from around $42,560 at the yearâs onset to a staggering $73,000, initiating a fervent phase of price discovery.Â
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đ”I will share five recommendations from my experience to improve trading results.
đŁ1. Education â everything is simple here: there is no way without it (introspection, books, community, courses)
đŁ2. Risk management is not just words
One of the most important lessons I have learned is the importance of risk management. Never invest more than you can afford to lose, and always set stop losses. This will help you keep calm even during the most unstable periods in the market.
đŁ3. Emotions are bad advisers
Trading requires discipline and cold calculation. Greed and fear are your worst enemies. They appear due to uncertainty in their analysis.
đŁ4. Diversification is the key to sustainability
A real trader does not have one favorite coin. There should be at least two of them)
đŁ5. Patience is your ally
In a world where everything is changing at breakneck speed, patience may seem like something from another era. However, the biggest profits often come to those who are willing to wait.
âȘïž"The market is designed to transfer money from the active to the patient," Warren Buffett
#trading #crypto #BitcoinMovement:
đŁ1. Education â everything is simple here: there is no way without it (introspection, books, community, courses)
đŁ2. Risk management is not just words
One of the most important lessons I have learned is the importance of risk management. Never invest more than you can afford to lose, and always set stop losses. This will help you keep calm even during the most unstable periods in the market.
đŁ3. Emotions are bad advisers
Trading requires discipline and cold calculation. Greed and fear are your worst enemies. They appear due to uncertainty in their analysis.
đŁ4. Diversification is the key to sustainability
A real trader does not have one favorite coin. There should be at least two of them)
đŁ5. Patience is your ally
In a world where everything is changing at breakneck speed, patience may seem like something from another era. However, the biggest profits often come to those who are willing to wait.
âȘïž"The market is designed to transfer money from the active to the patient," Warren Buffett
#trading #crypto #BitcoinMovement:
BITCOIN NEXT MOVE
#BitcoinTrends" #BitcoinMovement: #BitcoinPioneer #BitcoinDoomsday #CryptoNewsđđ„
As Bitcoin (BTC) toes around the $70,000 price mark, thereâs speculation that short-sellers are feeling the pressure due to diminishing downtrends and quicker-moving uptrends, potentially driving Bitcoinâs price to $80,000, according to an analyst.
âThis is a textbook sign that shorts are being squeezed as we hit fresh all-time high territory,â trading resource The Kobeissi Letter stated in a March 26 X post.
The Kobeissi Letter explained the main factor for the BTC short squeeze is the margin between institutional long positions and hedge fund short positions is âat a record high.â
Institutions net long against hedge funds net short. Source: X/The Kobeissi Letter
âWhile hedge funds hold nearly 15,000 in net short contracts, institutions hold nearly 20,000 in net longs,â the post added.
Meanwhile, it noted that Bitcoinâs price dips âkeep on getting shorter and shorter.â
Over the past seven days Bitcoin hit its lowest point at $61,224 on March 20 while reaching its peak at $71,511 on March 26, representing a gap of just 8.7%, per CoinMarketCap data.
Bitcoinâs current price is $70,480. If it reaches $71,000, $72.98 million in short positions will be liquidated, per CoinGlass data. A climb to $75,000 will liquidate $1.38 billion in short positions.
#BitcoinTrends" #BitcoinMovement: #BitcoinPioneer #BitcoinDoomsday #CryptoNewsđđ„
As Bitcoin (BTC) toes around the $70,000 price mark, thereâs speculation that short-sellers are feeling the pressure due to diminishing downtrends and quicker-moving uptrends, potentially driving Bitcoinâs price to $80,000, according to an analyst.
âThis is a textbook sign that shorts are being squeezed as we hit fresh all-time high territory,â trading resource The Kobeissi Letter stated in a March 26 X post.
The Kobeissi Letter explained the main factor for the BTC short squeeze is the margin between institutional long positions and hedge fund short positions is âat a record high.â
Institutions net long against hedge funds net short. Source: X/The Kobeissi Letter
âWhile hedge funds hold nearly 15,000 in net short contracts, institutions hold nearly 20,000 in net longs,â the post added.
Meanwhile, it noted that Bitcoinâs price dips âkeep on getting shorter and shorter.â
Over the past seven days Bitcoin hit its lowest point at $61,224 on March 20 while reaching its peak at $71,511 on March 26, representing a gap of just 8.7%, per CoinMarketCap data.
Bitcoinâs current price is $70,480. If it reaches $71,000, $72.98 million in short positions will be liquidated, per CoinGlass data. A climb to $75,000 will liquidate $1.38 billion in short positions.
