Market whiz and feathery friend, CRYPTO₿IRB, has shared some intriguing insights with their 700,000 followers on X. Could Bitcoin‘s price be taking one last dip before soaring to dizzying heights? CRYPTO₿IRB seems to think so, and they’ve got some compelling reasons to back it up! 📈
Get Your Bitcoin Shopping Cart Ready? 🛒
Our avian expert begins by describing the “Bull Market” environment, with rising 200-week and 50-week moving averages. These long-term trends might be hinting at a shift in market sentiment. CRYPTO₿IRB also points to the latest data on Bitcoin exchange-traded funds, highlighting an AUM of $121 billion and a whopping trading volume of $746 billion!
Their analysis then moves on to the “Daily Trend,” suggesting that Bitcoin is oscillating between $90,000 and $110,000. With the 200-day Simple Moving Average around $80,200 and trending upwards, CRYPTO₿IRB seems optimistic!
Of course, no analysis is complete without a dash of humor! CRYPTO₿IRB sprinkles in some lightheartedness by mentioning their “Trade Setup” and the bearish configurations they’ve spotted. But don’t worry, they’re still bullish overall! 🐂
Finally, CRYPTO₿IRB touches upon “Seasonality,” highlighting the historical performance of Bitcoin. They encourage traders to “BTFD Feb–March,” which is just a fun way of saying “buy the dip”! 💸
So, is this really the last chance to buy Bitcoin at a bargain? Only time will tell! But with CRYPTO₿IRB’s analysis, you’ll be armed with knowledge and a feathery friend’s wisdom! 🦜
At the time of writing, BTC is priced at $95,553. Will it dip further? Only the future knows! 🔮
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2025-02-18 12:05