BTC Rebound: A New Rally or Bull Trap?

After the sell-off on Tuesday, Bitcoin surged by 5.8% on Wednesday, reaching $67,002.84, driving an overall uptrend in the digital asset market. Bitcoin had reached a historic high of $69,191.95 on Tuesday before swiftly dropping below $60,000. According to data, the range between the high and low points on Tuesday exceeded 14%, marking the largest price fluctuation for Bitcoin this year. -------------------- How do you view? Will Bitcoin Pullback or Push Higher? What's your target price for Bitcoin?

avatarMarcus_Web3
06-11 20:10

Speculators Expected Bitcoin Prices to Surpass March’s ATH of $73,798 in June

US ETFs ( exchange-traded funds) that invest directly in bitcoin have seen net inflows for a record 18th straight day, as surging demand helped propel the world’s largest digital asset toward a record high.Since launching on Jan. 11, more than a dozen such products have seen a combined net subscription of $15.6 billion and total assets of $62.3 billion as of June 6, according to data compiled by Bloomberg.Bitcoin pared gains after a report showed a mixed labor market with a surge in U.S. employment in May and an unexpected rise in unemployment. As of 8:36 a.m. New York time on June 7, bitcoin was trading around $70,925, while ether was essentially flat at $3,785.Many speculators in the options market expect bitcoin prices to surpass March’s all-time high of $73,798 in June, helped by ETF d
Speculators Expected Bitcoin Prices to Surpass March’s ATH of $73,798 in June

🎉 $BNB reaching a new all-time high! Good For COIN, MARA, MSTR & More

$BNB reaching a new all-time high! & $Bitcoin(BTC.USD.CC)$ Bitcoin Targeting the $73,000 level ! I’m expecting all these are good for bitcoin stocks and etfs(see tickles at below)@ALL STAR CHARTS#Bitcoin Targeting the $73,000 level ! Once #BTC breaks this level it might rally to $91,500 very quickly. Titan of Crypto @WashigoriraI’m expecting all these are good for bitcoin stocks and etfs:🎁Spot BTC ETFs To Pick? Choose Companies or Consider Fees?What's your
🎉 $BNB reaching a new all-time high! Good For COIN, MARA, MSTR & More
Yes! It can!!!!! Go go go

🎉Trump's Call to Crypto Enthusiasts: Your Vote, Your Impact! 🚀

🎉 "Trump's Call to Crypto Voters: Are You Ready to Make a Difference in US Elections?" 🚀Hey crypto enthusiasts! 👋For the first time ever, cryptocurrency has become a topic in the presidential election race. Donarld Trump makes another surprise move for the election.On May 9th, Trump told crypto supporters at his Mar-a-Lago estate that they'd "better vote" for him because the Biden administration has been cracking down on the industry with strict regulations. "They're against it," he said during an event promoting his own NFT.Trump has made a direct appeal to you, the crypto supporters, to cast your votes wisely, hinting at a more crypto-friendly approach compared to the current administration's stringent regulations. According to a poll conducted by the Crypto Council for Innovation in Dec
🎉Trump's Call to Crypto Enthusiasts: Your Vote, Your Impact! 🚀

19 days after the April 20, 2024 halving, What will happen then?

19 days after the April 20, 2024 halving, the price of Bitcoin has still not reacted positively. This event, which only occurs every 4 years, comes in a still fragile crypto context. However, history shows that previous halvings have consistently propelled the BTC price to new heights. What will happen this time?A Promising Halving Despite Limited Short-Term ImpactThe 4th halving in Bitcoin’s history, which occurred on April 20, 2024, cut mining rewards from 6.25 to 3.125 BTC per mined block. While this event temporarily affected the network’s hashrate, the BTC price did not undergo a significant correction.Trading around $64,000 at the time of the halving, the Bitcoin continues to hold these levels 17 days post-event. Historically, halvings have always been followed by a strong appreciati
19 days after the April 20, 2024 halving, What will happen then?

Bitcoin's Wave Charts: 4th Wave Done, 5th Wave Surge Ahead!

Trading Lounge technical analyst Kittiampon Somboonsod said that according to Elliott Wave technical analysis, Bitcoin's fourth wave may have been completed, and the fifth wave price has risen again.Speaking of Bitcoin trading strategies, Kittiampon wrote: "Overall, Bitcoin is still in an upward trend.""But this is the adjustment period of the fourth wave, which seems to be complete.""So this is an opportunity for us to join this trend again and look for opportunities to open long positions."In terms of technical indicators, he pointed out that the price above MA200 indicates an upward trend, and the wave oscillator is bullish momentum."Bitcoin's fourth wave may have been completed, and the fifth wave price has risen again."Source:IGSource:IGIt is worth noting that legendary trader Arthur
Bitcoin's Wave Charts: 4th Wave Done, 5th Wave Surge Ahead!

Why $MARA with a 9% red to green move

$950k $Marathon Digital Holdings Inc(MARA)$ position. News just dropped that $MARA is targeting 50 EH by EOY. This is massive. My only regret is that I didn’t buy more. This position will be worth over 2 million within the next 1-2 months. Don’t fight the trend. $Marathon Digital Holdings Inc(MARA)$ Weekly: Bullish reversal candled after breaching the 30 week MA…otherwise known as the “Trap + Send”@AlemzadehCLook at the below charts, tell me your target price?@cryptocantoncat@MarketMaestro1
Why $MARA with a 9% red to green move
$iShares Bitcoin Trust(IBIT)$ Look like bitcoin successfully retested recent low $59K (two days ago) on the Israel attacking Iran news tonight and now strongly rebounding to $62.5K - very strong price action despite of bad geopolitical news - maybe today is another day!Before each of the past three halvings, the price of Bitcoin saw a small run-up, which was followed by a huge price increase in the following year to reach new highs.[Grin][Grin][Grin][Lovely][Lovely][Lovely]

[Events] BTC-related stocks slump, share your trades!

Bitcoin- related companies are facing a notable decrease in stock value in anticipation of the upcoming halving. Shares of $Marathon Digital Holdings Inc(MARA)$ , $Coinbase Global, Inc.(COIN)$ , and $MicroStrategy(MSTR)$ have declined for three consecutive days.  $Marathon Digital Holdings Inc(MARA)$ , the largest public Bitcoin miner, lost nearly 35% of its stock value in April, $Coinbase Global, Inc.(COIN)$, a major player in the cryptocurrency exchange world lost almost 17%. Additionally, $MicroStrategy(MSTR)$ has seen a re
[Events] BTC-related stocks slump, share your trades!
High Demand Low Supply. BTC almost fly high and advisable to establish your best gadget and internet line🚀🚀🚀
avatarTG1971
03-14
Bitcoin will rally till $120k By end of year!!
avatarmoonc
03-12
In my opinion, Bitcoin’s recent price fluctuations highlight the inherent volatility of the cryptocurrency market. While the surge to $67,002.84 after Tuesday’s sell-off is encouraging, the rapid swings from historic highs to lows below $60,000 raise concerns about market stability. It’s difficult to determine whether this is the start of a sustained rally or merely a temporary uptick before another downturn. Given the unpredictable nature of Bitcoin and the multitude of factors influencing its price, I believe it’s crucial for investors to remain cautious and informed, adapting their strategies accordingly to navigate the uncertainty ahead.
$CleanSpark, Inc.(CLSK)$ Traders are playing this stock like clock work. Looks like $16.5 is strong suppport and resistance at $21ish.. next few days this stock is getting pumped again
$Coinbase Global, Inc.(COIN)$ crashing yet again when BTC picks up momentum. Every time for the last few days, I've learned to look at BTC price immediately when it starts lagging and freezing. So it's one of two options really... They're either trying to manipulate BTC by throttling their servers every time it picks up momentum to slow down volume ORThey're an incompetent and highly overvalued company that still haven't figured out how to scale up their platform enough to meet the level of even the most basic standards of every other brokerage/exchange app. Pretty bad either way you slice it.[LOL][LOL][LOL]
$Marathon Digital Holdings Inc(MARA)$ 1.5 billion in cash and bitcoin holding. 6 billion market cap.  20% shorts float Mara is good and ready for a short squeeze when time is ripe.   Current 0 co-relation with bitcoin movement. Seem like whales are suppressing with big sharp flushes 4-5 weeks more before halving. Bitcoin network rely on miners. Miners gas fee  Supply vs Demand pull factor
avatarReviitt
03-08
i Reckon bitcoin will go higher then it's recent 68k mark 

Bitcoin is not a viable investment!

$iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$ $Grayscale Bitcoin Trust(GBTC)$ $Bitwise Bitcoin ETF(BITB)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $CME Bitcoin - main 2403(BTCmain)$ BTC Bull Trap? Uh-oh, I'm not sure if I'm ready for that! This rebound seemed like a sure thing, but now I'm starting to have doubts. I don't want to get caught in a trap and lose all my money. I'm going to be extra careful and watch
Bitcoin is not a viable investment!
$iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$ $Grayscale Bitcoin Trust(GBTC)$ $Bitwise Bitcoin ETF(BITB)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $CME Bitcoin - main 2403(BTCmain)$ I'm all in! The crypto has been through the ups and downs, but it always finds a way to bounce back. I'm not going to miss out on this opportunity. I'm ready to take some risks and go for the big wins. V shape recovery target to $76K
$iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$ $Grayscale Bitcoin Trust(GBTC)$ $Bitwise Bitcoin ETF(BITB)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $CME Bitcoin - main 2403(BTCmain)$ It’s no point bashing this as we all know it’s going to pass 100k easy before heading near a million. 100k is coming very soon as a start. It's so obvious what's going on here. Wall Street is taking this down for the last chance to accumulate Bitcoin cheaper