💰 The data and Indicators suggests that the market is currently overbought.

Possibly correcting down to $49,000 and $44000.

💰 In 2024, Bitcoin broke the 61.8% level for the first time without any major corrections.

I last 2 cycles, the 61.8% level was breached around 6 months after halving and about 2 months after halving in 1st cycle.

However, this time in 2024, the market broke the 61.8% level two months prior to the halving.

This suggests a deviation from the typical four-year cycle, indicating that the current cycle might be shorter and more rapid.

💰 Bitcoin is facing resistance due to the yellow trendline, overbought signals, and a doji candle.

If Bitcoin breaks the blue trendline, a downward trend is expected to begin. 📉📉

🟠 CZ faces up to 10 years in prison, but as part of his guilty plea deal he will receive no more than 18 months

@News_Crypto | link

💰 Over the past ten days, #Bitcoin  miners have capitalized on the #BTC  price surge from $45,000 to over $52,000 by selling approximately 6,329 $BTC, valued at around $307 million!

💰 Circle has announced that it will stop supporting for #USDC on the Tron💰 blockchain, and USDC will no longer be minted on the Tron starting today.

Something is cooking in the market.

💰 First time in last many days that the #Bitcoin  ETF inflow has been negative!

Indicates reduced interest in buying #bitcoin above the $50,000 level.