On Sunday, one can already say with the partial counting of the votes that the market has already valued most of the wealth based on the results of the elections in the USA.$BTC
And with the current depreciation of cryptocurrencies, one can believe that the bulls will come into play with an unprecedented force.
Let us wait for the scenes of the next chapters and follow with faith, whether bull or bear!$ETH
Now there are no more excuses! Given the latest data on interest rates and the escalation of conflicts, it is certain that the prices of assets such as gold and cryptocurrencies will rise. The question now is by when...
The Fear and Greed Index is currently at 61 points and shows that the drop in interest rates has brought money back to the investment table.
For BTC, the long/short ratio is above 1, which represents the current dominance of the bulls.
BTC is testing its support of 63500 and if it fails to hold it, it tends to reach values ââââclose to 62800 and 61900.
If BTC manages to stay above 63,500, the bullish scenario could still give us values ââââbetween 65,500 and 66,900 today.
The analysis is limited, does not constitute an investment recommendation and is, as always, in God's hands.
 https://www.investing.com/news/cryptocurrency-news/70000-has-never-been-closer-for-bitcoin-btc-will-shiba-inu-shib-finally-reach-000002-ethereum-eth-missing-comeback-3638075
đťđđĽđđ°đđľđThose who stay alive for another week can see bitcoin at $70000, and those who continue to buy and deal with emotions can make a good profit.
Institutional investors and governments surrender to bitcoin and its concept has not changed yet. Stay tuned! And remember: more important than hitting is how much you can catch "
$BTC I remind men and women of low faith that the average annual purchase price of Bitcoin is still +/- 59835. So the current price is still cheap.đđđ¤
The long squeeze has taken a long time to happen and we are right inside the average annual buy value, so given the analysis, it is safe to assume that the asset/currency is ready to hit new highs.
The market has already priced in the current economic data and it is expected that the FED will cut interest rates between September 17 and 18 (38% probability of a 50 basis point cut) and (62% probability of a 25 basis point cut).
And since the world is constantly moving, the next three weeks will be full of excitement and price fluctuations. In this context, it is understandable and predictable that the current price will change. Therefore, it is wise to accept what the market can offer us in a given period and be content with what we have rather than looking for luck in future events.
The market is democratic and there is room for bulls and bears! Do your studies, remember to manage risks and follow your plans without panicking!$BTC
The market has already evaluated all this information and it seems that this value is between 57400 and 62300 +/-. This movement seems to be a typical carry trade operation! I believe that if Goldman Sachs and Morgan Stanley are buying, it is because they expect a profit! Where there is smoke, there is fire! đĽ
#MarketDownturn đđđđđŞđĽđŚđđđťđľđ° War and geopolitical tensions can significantly impact Bitcoin and the broader cryptocurrency market in various ways. Hereâs a look at how war influences Bitcoin and other digital assets:
Digital Gold: Bitcoin is often referred to as "digital gold" due to its role as a store of value. Its primary purpose is to serve as a decentralized, peer-to-peer digital currency.Scarcity: Bitcoinâs supply is capped at 21 million coins, which creates scarcity and contributes to its value as a long-term investment.
$Flight to Safety: During times of war or geopolitical instability, investors often seek assets that can preserve value. Bitcoin is sometimes viewed as a digital alternative to traditional safe-haven assets like gold, potentially leading to increased demand and price appreciation.$
Fundraising and Donations: Cryptocurrencies can be used for fundraising and donations in war-torn regions, providing a fast and efficient way to transfer funds directly to those in need, bypassing traditional banking systems.
Decentralized Finance (DeFi): In conflict zones, where traditional banking systems may be compromised or inaccessible, decentralized financial platforms built on blockchain technology can offer financial services to the affected population.