As prices rise, Long-Term Holders (LTHs) are selling their holdings. #LTH Supply has decreased by -900K #BTC since December 2023, with #GBTC trust outflows accounting for about one third (-286K #BTC). Meanwhile, Short-Term Holder Supply has increased by +1.121M #BTC, absorbing #LTH selling pressure and acquiring 121K #BTC from exchanges.
#ETH Analysis :
#ETH is been winding up from the downtrend and broken the Major Resistance area of $3532 - $3613. Price already made a retest and hit the flip area too. We need a daily candle closure above the $3680 level so made the road clear for $4,000 level. Else, we'll see some strong consolidations here until #BTC plays are wild move.
#ETH is been winding up from the downtrend and broken the Major Resistance area of $3532 - $3613. Price already made a retest and hit the flip area too. We need a daily candle closure above the $3680 level so made the road clear for $4,000 level. Else, we'll see some strong consolidations here until #BTC plays are wild move.
#BTC
Bitcoin has historically seen significant price increase in the years following its halving🤔
2012 halving: +10,000% gain
2016 halving: +3,000% gain
2020 halving: +700% gain
If the pattern continues, selling before the 2024 halving could mean missing out on a potential +250% gain, with Bitcoin reaching $160,000📝
Bitcoin has historically seen significant price increase in the years following its halving🤔
2012 halving: +10,000% gain
2016 halving: +3,000% gain
2020 halving: +700% gain
If the pattern continues, selling before the 2024 halving could mean missing out on a potential +250% gain, with Bitcoin reaching $160,000📝
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#BTC.D UPDATE :
#BTC.D going with the corrective move by which few alts jump with that, but #BTC kept on consolidating or dumping, so majority failed to rise. Currently, Index is moving within the falling wedge pattern, and a bounce will lead in strong bleed in altcoins. We need to see a close below of the candle in Daily TF.
#BTC.D going with the corrective move by which few alts jump with that, but #BTC kept on consolidating or dumping, so majority failed to rise. Currently, Index is moving within the falling wedge pattern, and a bounce will lead in strong bleed in altcoins. We need to see a close below of the candle in Daily TF.
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#BTC
Bitcoin is currently trapped in descending channel, exhibiting a downward trend📉
There is a probability of retesting $52,000 for Bitcoin, based on the market structure👨💻
Watch for the formation of higher lows as long entry signals on a macro level📝
@Yocrypto_support✅️
Bitcoin is currently trapped in descending channel, exhibiting a downward trend📉
There is a probability of retesting $52,000 for Bitcoin, based on the market structure👨💻
Watch for the formation of higher lows as long entry signals on a macro level📝
@Yocrypto_support
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