Bitcoin Bull Run Rally Incoming 🚀

A parabolic rise for Bitcoin is imminent.

Every time the 25 MA and 35 MA have formed a golden cross on the monthly timeframe, Bitcoin has gone #parabolic .

• In 2016-17, $BTC surged by 2,400% after the golden cross.
• In 2020-21, $BTC rallied 600% after the golden cross.

Now, the golden cross has occurred once again.

The next parabolic run is coming soon! 🔥

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#Binance
#crypto2024

🔥🔥🔥 #parabolic $BTC Surge Imminent as #bitcoin☀️ Enters the Dramatic Banana Zone, New ATH Soon?

Bitcoin’s ‘Banana Zone’: A Phase of Rapid Price Escalation

Bitcoin’s Banana Zone signifies a period of rapid price escalation, drawing significant market and investor interest.

Concept of the Banana Zone

- Definition: A phase where Bitcoin experiences dramatic upward surges, characterized by a parabolic rise, prompting investor regret for not buying sooner.

- Contrast with Fiat: Bitcoin’s rise as rules-based money, differing from traditional fiat's debt-based model.

Credibility of Raoul Pal

- #raoulpal : A former high-ranking executive at Goldman Sachs, his credibility in financial markets supports the Banana Zone concept.

- Influence on Investors: Pal’s advice led Robert Kiyosaki to invest in Bitcoin, buying 30 Bitcoins at $6,000 each, which have since appreciated significantly.

Impact of Bitcoin’s Rise

- Rules-Based Money: Bitcoin operates on a fixed set of principles without government interference, unlike fiat money, which can be printed at will, leading to inflation and devaluation.

- Investor Sentiment: Bitcoin's rise is seen positively by many investors due to its independence from government control.

Current Market Status

- Bitcoin Price: Trading at $61,795.53 with a 24-hour trading volume of $28.55 billion, reflecting a 1.12% increase in the last 24 hours.

Shifts in Perspectives

- #robertkiyosaki : Previously suggested Bitcoin was crashing, now acknowledges the importance of long-term investment strategies due to the market's volatility and dynamic nature.

Summary

Bitcoin’s Banana Zone signifies a period of rapid price increase, highlighting its distinction as rules-based money and drawing interest from investors. Raoul Pal’s credibility supports this concept, influencing significant investments like that of Robert Kiyosaki. Despite market volatility, Bitcoin’s long-term potential continues to attract attention.

Source - cryptonewsland.com

#BinanceSquareBTC

Ethereum’s Path to $10K+ : The Parabolic Run is Coming**

#ETH🔥🔥🔥🔥 #parabolic #etherreum #BinanceSquareFamily #BinanceHerYerde

Ethereum (ETH) is showing patterns reminiscent of its 2020 accumulation phase, which preceded a massive parabolic rise. In August-September 2020 , ETH was in its final accumulation before skyrocketing in value, and a similar setup is now unfolding in August-September 2024.

The market structure and accumulation patterns hint at a potentially massive run that could see ETH breaking **$10K+**.
With Ethereum showing strong signs of accumulation again, the historical trend suggests we may be on the verge of a parabolic rise in the months ahead.

Conclusion :
Ethereum’s price action points to a significant move, with the possibility of a parabolic surge as it completes its accumulation phase.

Advice for Traders and Investors :
- Keep a close watch on ETH’s price levels during this accumulation phase.
- Prepare for potential upward momentum, as history could repeat itself.
- Consider long-term positions with a target beyond $10K, but stay cautious of market volatility.

$FIL just broke the resistance at 5.2 and successfully retested as new support now there is no any major resistance below 8.If BTC hold 52k #Filecoin will go #parabolic in no time 🚀🚀🚀
#Polkadot #btc #BullRunGems