binancetournament

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#BinanceTournament BTC Price is currently trading at a new high in over 18 months while spot Bitcoin ETF approval and #bitcoinhalving event are looming.
While #BTC Price is currently trading at a new high in over 18 months, popular Bitcoin Maximalist Max Keiser believes there is more to come in this rally. The possibility of a spot #bitcoinetf approval in near future and the Bitcoin Halving event which is likely to happen in the second quarter of 2024 trigger speculation of a bull run for the top cryptocurrency over the next six months.
Max Keiser Predicts $100K In Current Cycle
Keiser, who is acting as the senior Bitcoin advisor to El Salvador President Nayib Bukele, a ‘God Candle’ towards $BTC Price rise by $100,000 is currently at play. He said the playout of the God Candle will shock the world. In crypto, a God Candle is often referred to as a candlestick pattern that follows an unexpected price rise, like gaining a 100% rise in a space of just few weeks.
“A $100,000 God Candle is in play. A $100,000 uptick in Bitcoin price. This will literally shock the world.”
Previously, Keiser made a prediction for the cryptocurrency based in hash rate adjustments. In 2021, he predicted that BTC would reach $220,000 by the end of the year. On the other side, crypto analyst Dan Lim said that BTC has reached the “strong bull zone,” an area reached in the initial stage of the 2020-21 bull run. This means that new sources of capital would begin to enter the crypto market in current zone thanks to new investors taking positions.
The strong bull zone also means the share of BTC trading in losses is very low and will continue to be the same in a widespread rally.
What Next For BTC
Earlier, CoinGape reported in its Bitcoin Price Prediction that the price could reach as high as $48,257 if the support had sustained. Positive developments around the spot Bitcoin ETF applications could act as catalysts for further resistance breach. Following the amendment of ETF filings by Blackrock, other applicants could also make changes in the days to come.#ORDI
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#GOATMoments Shiba Inu Price #Analysis : In the weekly time frame chart, the Shiba Inu price shows the formation of a falling wedge pattern. Under the influence of this pattern, the coin price coverage within two downsloping trendlines suggesting the downward trend is reaching maturity. However, as of now, the coin price has recently bounced back from the lower support trendline indicating a bullish reversal within the pattern’s range.
Shiba Inu Price Daily Chart:
An ascending triangle pattern carries the current recovery phase in SHIB price.A bullish breakout from $0.00000845 will set the memecoin for a bullish upswing to $0.00000965The intraday trading volume of the Shiba Inu coin is $89.2 Million, showing a 6.53% gain.
Source- Tradingview
After the early June sell-off, the #Shiba Inu price rebounded from the support trendline of the wedge pattern. The bullish reversal triggered a bull cycle with the pattern and ideally set a rally back to the overhead trendline.
The fresh rally surged the popular memecoin by 55% and reached the $0.00000845 barrier. Amid the current uncertainty, in the crypto market, the buyers are struggling to break this resistance and create a short consolidation below.
However, this consolidation shaped into an ascending triangle pattern in the daily time frame chart, indicating the SHIB price is witnessing gradual accumulation from buyers. In response to this pattern, the memecoin could break the $0.00000845 as a signal to uptrend continuation.
What if SHIB Price Breaks $0.00000845 Barrier?
If the overhead supply at $0.00000845 resistance persists, the #ShibaInu price may prolong the sideways trend for a few more trading days. However, the converging range of the ascending triangle pattern will eventually lead to a breakout move, with more probability of surpassing $0.00000845. This breakout could offer potential buyers an opportunity and lead the price rally to $0.00000965, followed by $0.0000119.
Relative Strength Index: Despite a lower low formation in SHIB price, the daily RSI slope forming the same low indicates the increased accumulation from buyers and therefore potential for recovery.Exponential Moving Average: The $SHIB price below the 100 EMA of the weekly chart indicates the long-term trend is bearish.#BinanceTournament

Offers to compensate for your losses
Invest in inexpensive coins. Focus on sub-$1 coins such as $WIF
, $PEPE
and $SHIB
, as they have higher growth potential compared to expensive coins such as $BTC, $SOL and $ETH. Single digit coins. If you're considering coins priced above $1, choose coins with single-digit prices to the left of the decimal and double-digit prices to the right, such as Wing, for significant upside potential.

#BinanceTournament Bitcoin bull Michael Saylor has made a huge prediction that BTC is "destined to be the apex ETF asset" amid potential capital reallocation
Michael Saylor, the founder and Chairman of Bitcoin-bullish business intelligence and software firm, MicroStrategy Inc has made some bold predictions about the top digital currency. Speaking at the Latin American Bitcoin & Blockchain Conference (LABITCONF), Michael Saylor said Bitcoin is destined to be the apex ETF asset.
Michael Saylor Makes Bold Bitcoin Predictions
It is common knowledge that Michael Saylor is one of the biggest proponents of Bitcoin today. Under his leadership, MicroStrategy has acquired as much as 174,530 Bitcoin units in line with its Treasury Reserve Allocation. At the conference, he said there is an endless economic war that is masked by the uneven distribution of Capital.
Talking about his favorite term “economic fuel” which denotes capital, Saylor shows how the total global asset of $900 trillion is currently allocated. With Bitcoin only taking $500 billion, gold is worth $12 trillion, government bonds pegged at $300 trillion, and real estate at $330 trillion to mention a few.
This unfavorable allocation to Bitcoin, he believes will change in due course once the world comes to understand the inherent value proposition of Bitcoin. With some of the largest asset managers in the world including BlackRock and Fidelity Investments now vying to launch Bitcoin spot Exchange Traded Fund (ETF) product, the potential flight to BTC is a matter of when not if.
Judging by its growth and popularity, Michael Saylor projects that BTC is on track to become the “apex commodity, technology, property, money, and ETF asset” judging by its multilateral utility and evolutionary potential.
Though there are thousands of ETF products with many tracking crypto assets, Saylor is optimistic #BTCETF will become dominant in no distant time.
Bitcoin to Disrupt Digital Market Investments
When Satoshi Nakamoto invented Bitcoin, the primary value proposition was to serve as an alternative currency to move money. The coin’s uses over the years have changed and besides serving a role as a hedge against inflation, companies like MicroStrategy use it as a store of value in place of more established products like stocks and bonds.
With #bitcoinetf approval in view, a new shift may be created as investors on Wall Street will find it easier and sensible in terms of regulatory allowance to gain exposure to Bitcoin. The likely shift from equities to Bitcoin #etf may bring such disruption to digital markets investing, a trend Michael Saylor is convinced will fuel the growth of the top coin over other traditional assets in the future.#Web3Wallet
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