Investor Summary: Bitcoin Price Analysis and 7-Day Forecast (October 14 - October 20, 2024)🤗

https://m.primal.net/LUPM.webp

Market Overview:
Bitcoin has shown considerable volatility during the analyzed period, with prices ranging between $57,501 and $66,480. The most recent available closing price was $62,732 on October 13, 2024.

Statistical Analysis:

Average price: $62,614
Median price: $62,940
Standard deviation: $1,823
Volatility (coefficient of variation): 2.91%

Time Series Analysis:
The ARIMA model and linear regression analysis indicate a slightly bullish trend for the next 7 days, with the following potential price forecasts:

October 2024: $62,985
October 2024: $63,210
October 2024: $63,425
October 2024: $63,630
October 2024: $63,825
October 2024: $64,010
October 2024: $64,185

Trend Analysis:
The overall trend shows moderate upward movement, with an average daily increase of around 0.35% over the coming week.

Investor Recommendations:

Entry Point: A favorable entry point could be around or below $62,500, representing a slight pullback from the current price level.
Risk Management: Set stop-loss orders around $61,000 to hedge against potential downside risks.

Target Prices: Short-term traders might consider taking profits in the range of $64,000-$65,000, while long-term investors could wait for potentially higher gains.

Volatility Awareness: Be prepared for daily price fluctuations of up to 2-3%, based on historical volatility.
Market Sentiment: Monitor global economic news and crypto regulations, as these factors can significantly influence Bitcoin’s price.

Diversification: While Bitcoin is showing a positive trend, consider diversifying your crypto portfolio to mitigate risks.
Technical Indicators: Watch for support levels around $60,000 and resistance at $65,000, based on recent price movements.

Conclusion:
The analysis points to a cautiously optimistic outlook for Bitcoin in the short term. However, investors should remain vigilant and adjust their strategies to changing market conditions. Always conduct thorough research and consider your risk tolerance before making investment decisions.

#btc #analysis #invest #crypto #money #bitcoin #trade


📚✨ Bitnews.Today Book Tip of the Week ✨📚

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Discover "Dream Lessons: Stories for Smart Dreamers," the latest enchanting children's book by Andreas Stammer, author of "Scenario: The Veiled Truth." 🌟

Amazon Books: https://www.amazon.com/dp/B0CRRTBKLX

Join young readers on a magical journey filled with fantasy, adventure, and essential life lessons. 🌈✨

📖 Why Read "Dream Lessons"? 📖
🧠 Encourages a love of reading in children
❤ Imparts valuable life lessons and fosters social and emotional skills
👶 Age-appropriate content for different developmental stages
👨👩👧👦 Perfect for family reading time and shared bonding moments

Each story in "Dream Lessons" covers important themes like self-confidence, friendship, environmental awareness, creativity, and diversity, all beautifully illustrated to stimulate the imagination. 🌍🎨

An ideal gift and a valuable addition to any child's library. Get your copy on Amazon today and dive into the world of smart dreamers! 📚🌟

#DreamLessons #ChildrensBooks #SmartDreamers #BookRecommendation #FamilyReading #Fantasy #Adventure #LifeLessons #KidsBooks #ReadingForKids #AmazonBooks #BookLovers #Parenting #EducationalBooks


"Telegram in Turmoil: Pavel Durov's Arrest Sends TON Plummeting"

https://m.primal.net/KOGh.webp
While US Federal Reserve Chairman Jerome Powell sent the crypto market northward, one coin took a significant hit: TON. The arrest of Telegram CEO Pavel Durov raises questions about the future of the closely linked blockchain project. Last week, the world was eagerly watching Jackson Hole, where central bank representatives gathered. The highlight was a speech by US Federal Reserve Chairman Jerome Powell. As markets had hoped, he hinted at a potential rate cut on September 18. Bitcoin and other risk assets have surged in recent days in response. 📈

Telegram in jeopardy: What this means for TON A less favorable event was the arrest of Telegram founder Pavel Durov at Paris airport. He is accused of violating the EU's Digital Service Act with his messaging service. The TON blockchain, closely associated with Telegram, is also suffering from the consequences of the arrest, with its price dropping by up to 20% at its peak. 📉

#bitcoin #ton #crypto #invest


Hehehe who wants own?₿

https://m.primal.net/IsVu.jpg

#btc#bitnews #rich #money #invest #trading


As part of our strategy, we identified an overvaluation in XRP and decided to reduce our position too, anticipating market corrections. While these actions have indeed contributed to short-term volatility, we believe they align with long-term market stabilization. The shift in holdings to smaller investors highlights the dynamic nature of the market, providing new opportunities for those who can navigate the risks. As always, our focus remains on delivering value to our stakeholders through informed and strategic decisions


🧨 BitnewsToday Crypto Analysis:

Investor Summary: Bitcoin Price Analysis and 7-Day Forecast (July 31 - August 6, 2024)

https://m.primal.net/Jjtn.webp
Market Overview:
Bitcoin has shown significant volatility throughout July 2024, with prices ranging from a low of $53,717 to a high of $69,987. The month ended with a closing price of $65,616 on July 31, 2024.

Statistical Analysis:
Mean price: $62,947
Median price: $63,974
Standard deviation: $3,892
Volatility (coefficient of variation): 6.18%

Time Series Analysis:
The ARIMA model and linear regression analysis suggest a slightly bullish trend for the next 7 days, with potential price targets as follows:
August 1, 2024: $66,123
August 2, 2024: $66,584
August 3, 2024: $67,012
August 4, 2024: $67,405
August 5, 2024: $67,768
August 6, 2024: $68,102
August 7, 2024: $68,412

☀ Trend Analysis:
The overall trend indicates a moderate upward movement, with an average daily increase of approximately 0.7% over the next week.

Investor Recommendations:
Entry Point: Consider entering the market at or below $65,500, which represents a slight dip from the current price level.
Risk Management: Set stop-loss orders around $63,000 to protect against potential downside risks.

Target Prices: Short-term traders may consider taking profits at $68,000-$69,000 range, while long-term investors might hold for potential higher gains.

Volatility Awareness: Be prepared for daily price swings of up to 3-4% based on historical volatility.

Market Sentiment: Monitor global economic news and cryptocurrency regulations, as these factors can significantly impact Bitcoin prices.

Diversification: While Bitcoin shows a positive trend, consider diversifying your cryptocurrency portfolio to mitigate risks.

Technical Indicators: Watch for support levels around $64,000 and resistance at $70,000 based on recent price action.

Conclusion:
The analysis suggests a cautiously optimistic outlook for Bitcoin in the short term. However, investors should remain vigilant and adapt their strategies to changing market conditions. Always conduct thorough research and consider your risk tolerance before making investment decisions.

#bitcoin #crypto #invest #analysis #trend #btc #money #bitnewstoday


Arkham Intelligence: United States Government Holds $12 Billion in Bitcoin (BTC) 💰🇺🇸

https://m.primal.net/JjrK.webp
Crypto-friendly Senator Cynthia Lummis recently announced her intention to advocate for a strategic Bitcoin reserve for the United States. The US government currently holds over 183,000 Bitcoin, worth about $12 billion, making it one of the largest Bitcoin holders 🪙💼.

According to Arkham Intelligence, the US government also possesses 50,000 Ether (ETH), 121 million USDT, and over 10 million USD Coin 🪙📊.

The most recent transaction from the US government’s wallet took place on July 29, involving nearly 28,000 BTC. The identity of the receiving wallets is currently unknown 🔍📅.

Bitcoin as a Strategic Reserve for the United States
On July 27, the last day of the Bitcoin 2024 conference in Nashville, Senator Cynthia Lummis announced the introduction of legislation to make Bitcoin a strategic reserve for the United States 🇺🇸⚖. Former President Donald Trump has also hinted at creating a strategic Bitcoin reserve. During his speech at Bitcoin 2024, the Republican presidential candidate promised not to sell the US government’s Bitcoin holdings. Trump stated he wants the Bitcoin industry in the US to thrive and doesn’t want to stifle blockchain innovation through overregulation 📈🚀.

Skepticism About Strategic Reserve Plans
Ari Paul, Chief Information Officer at BlockTower Capital, believes the chances of Bitcoin becoming a strategic reserve for the United States are slim. By 2028, he says the odds are 10:1 📉🤔.

Paul explained that an informal announcement by presidential candidates not to sell the United States' Bitcoin holdings is not sufficient to establish an official strategic reserve fund 📜⚠.

#btc #crypto #bitcoin #invest #money #news #eth #usa


Wow, a truly accurate and detailed analysis, very professional. Keep it up, Bitnews Today!👍


🚀 #BitcoinHalving 🌟

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The journey of #Bitcoin rewards from 2009 to 2024:

🔸 2009: 50 BTC
🔸 2012: 25 BTC
🔸 2016: 12.5 BTC
🔸 2020: 6.25 BTC
🔸 2024: 3.125 BTC

Historically, each #BitcoinHalving has led to significant price increases as the supply of new BTC decreases. Could 2024 bring a new all-time high? 📈💰

#Crypto #Blockchain #BTC #Cryptocurrency #BitcoinPrice


🧨 Bitcoin could soon reach $110,000 according to crypto experts.

https://m.primal.net/JVrY.webp

Despite disagreements about the timing, Michael van de Poppe of MN Capital predicts, "The next surge will catapult Bitcoin to $110,000," as per his X post on July 17. However, some experts note that Bitcoin has struggled to regain previous highs, with Peter Brandt commenting on the same day, "The trend of lower highs and lower lows continues despite halvings, ETF approvals, and hype."

Van de Poppe remains optimistic, attributing the current volatility to difficulties faced by Bitcoin miners post-halving, with increased operational costs and decreased mining rewards. "The real hashrate drop on July 1 was as SEVERE as during the FTX collapse," he notes.

https://m.primal.net/JVrZ.webp

Bitcoin reached a record high of $73,679 on March 13, but subsequent attempts have failed to surpass $71,000. There was a significant dip to $54,274 on July 5, marking the lowest in four months, according to CoinMarketCap data.

Nonetheless, Brandt is "impressed" by Bitcoin's recent rebound, which saw it reclaim significant support and rise to $65,735.

While the timing of the "next surge" remains unclear, some analysts envision the $100,000 mark being breached possibly within the next 12 months, as suggested by Pierre Rochard of Riot Platforms on July 17.

Conversely, crypto trader Marco Johanning is less optimistic, believing Bitcoin will not hit $100,000 soon but rather adjusting his forecast to a lower range of $81,000 to $94,000 due to recent lows.

#bitcoin #crypto #invest #money #trading #bitnewstoday


How BlackRock's Dominance Could Become Dangerous for Bitcoin 🚨

BlackRock manages over 316,000 BTC with its Bitcoin ETF. The dominance of this U.S. financial giant is steadily increasing. Is this concentration a threat to Bitcoin? 🤔 Just a few years ago, BlackRock CEO Larry Fink was a declared Bitcoin skeptic.

https://m.primal.net/JTmZ.webp
However, the man at the helm of the world's largest asset manager has changed his mind. Once regarding Bitcoin merely as a tool for money laundering, he now views the cryptocurrency as "digital gold" and refers to it as a "safe haven" 🛡.

The company’s own iShares Bitcoin Trust (IBIT) now controls over 318,000 BTC, leaving all other Bitcoin ETF competitors far behind. BlackRock's market share continues to rise and no one seems able to stop the U.S. financial behemoth. What does this concentration of economic power mean for Bitcoin?

This rising control brings several concerns. Firstly, the centralization of Bitcoin holdings contradicts the decentralized ethos originally championed by Bitcoin 🔄.

Such control by a single entity could lead to market manipulation, where the actions of one firm could significantly influence Bitcoin's price 📉.

Furthermore, BlackRock's position could also lead to regulatory scrutiny. Governments worldwide might perceive the concentration of Bitcoin under a corporate umbrella as a potential threat to fiscal policies or even financial stability 🌐.

This could prompt stricter regulations which might stifle the growth and innovation in the cryptocurrency sector 💼.

#bitcoin #hedgefond #crypto #invest #bitnewstoday


100% right......


BlackRock has the potential to significantly disrupt the local Bitcoin market, and I believe this will happen in the near future.


Mt. Gox Shifts $9 Billion in Bitcoin (BTC): Market Sentiment Turns 🔄

The Mt. Gox cold wallet has transferred over 140,000 BTC, stirring market anxiety. According to Arkham Intelligence, Mt. Gox's main wallet still holds 138,985 Bitcoin (BTC) worth around $8.7 billion and has moved the funds for the first time in two weeks.

In two transactions, nearly 96,000 BTC worth over $6 billion were moved to two unknown wallets, while the initial 44,527 BTC were sent to a known Mt. Gox cold wallet. Over $6 Billion in Two Hours 🕑

https://m.primal.net/JSpm.webp

The total volume of BTC transactions by Mt. Gox on July 16th was almost 190,000 BTC, representing over $12 billion moved in just three hours.

https://m.primal.net/JSpp.webp
The unknown address ending in "BHDct9b" received 42,587 BTC worth $2.69 billion, while the remaining 4641.24 BTC worth $293.94 million were transferred to the wallet "Mt. Gox: Cold Wallet (1Jbez)."

The address "BHDct9b" has not yet transferred the 42,587 BTC, but the resulting market fear indicates a shift in sentiment towards BTC.

Subsequently, another 48,641 BTC were sent to a different unknown address, moving an additional $3.07 billion from the main Mt. Gox wallet. Impact of Repayment 💸

Mt. Gox announced on July 5th that the bankrupt exchange would begin repaying its BTC and BCH debts to creditors. It stated that the repayments to creditors would occur through certain cryptocurrency exchanges.

The announcement named Mt. Gox Co. Ltd. as the debtor and attorney Nobuaki Kobayashi as the rehabilitation trustee.

The repayment statement mentioned that the remaining rehabilitation creditors would receive the funds "immediately" once the necessary conditions are met.

Given that the main Mt. Gox wallet showed outflows exceeding $9 billion in BTC on July 16th, this rapid repayment might occur before August.


Bitnews Today Weekend Special 🎉
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Finally, a new and very good analysis from the Bitnews Today team. Thank you.


Absolutely, the anticipation for Ethereum Spot ETFs is palpable. Vanguard also sees this as a pivotal moment for the crypto sector. Approval will open new avenues for investors and drive further innovation in the market. We're optimistic about the positive impact on ETH and the broader crypto landscape.


🧓👵 How to explain #Bitcoin to your Grandparents:

"Hey Grandma and Grandpa, imagine your dollars 💵 and euros 💶 went on a digital vacation and decided to live on the internet! 🌐

https://m.primal.net/JMih.jpg

Bitcoin is just like your regular money, but it’s decentralized and lives online. No banks, no middlemen, just magic internet money! 🧙♂✨

Transfers in minutes ⏱, costs less than a penny 🪙, and no take-backs! 🚫💸

Welcome to the future, where even your piggy bank is digital! 🐷➡🖥

#Crypto #Bitcoin #bitnewstoday #TechSavvySeniors 🚀


Wow.......How much further would the Bitcoin price drop if the remaining BTC were released onto the market?


Mt. Gox, BKA and Co.
Crypto Market Continues to Crash.....

https://m.primal.net/JIeq.webp

The sell-off in the crypto market continues. Bitcoin and Co. are trading deep in the red.

The sell-off in Bitcoin and Co. continues. Large parts of the market start today's trading day with a significant loss. The total market capitalization fell by 8.3 percent over the day.

Bitcoin lost almost 8 percent in value over the past 24 hours. On a weekly and monthly basis, the price decline is even more severe at 12 and 23.5 percent, respectively.

At the time of writing, BTC is trading at just under $54,330 - as low as it was last in February of this year.

The sell-off is most noticeable in the altcoin sector. The Ethereum price has to accept a minus of almost 11 percent.
The remaining ten most valuable cryptocurrencies all recorded a decline between 7 (Solana) and 15 percent (Cardano).
Among the top 100, TRON, MultiversX, and FET remain relatively stable - with price declines of 3.8 to 6 percent.

Even memecoins are not spared from the strong sell-off. The market capitalization of the sector fell by 23.3 percent. Especially the BASE memecoin Brett had to take a big hit. The market sentiment has significantly darkened. The Fear and Greed Index is currently at 29 points, indicating "Fear" 😨.

Due to the sharp price decline, over $580 million in long positions were liquidated, according to Coinglass. According to WhaleWire, this is the second-largest liquidation of capital in the crypto market ever - only the FTX sell-off was more severe.

The reason for the sell-off can be attributed to several factors.
Firstly, there are the payouts from Mt. Gox to affected parties. According to the blockchain service Arkham Intelligence, the insolvent Japanese crypto exchange recently transferred 47,229 Bitcoin ($2.7 billion) from a cold wallet.

The insolvency administrator had previously announced that the first payouts would start in July. Mt. Gox owes its creditors Bitcoin worth over $8 billion in total.

#bitcoin #crash #mtgox #bitnewstoday #crypto #trading #invest


down below 30k???


Once again, a very good analysis from Bitnews Today. You really do this well, very professional and mathematically researched. Keep it up.........


Feel free to support our work/project. Thank you very much.👍

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👉 https://getalby.com/p/bitnewstoday

#ai #crypto #trading #investor #bitcoin


As a hedge fund manager, I fully support the optimistic view presented in this analysis of the AI market. The potential of generative AI is immense, and we are witnessing only the beginning of its transformative impact. The comparison to the dot-com bubble is understandable, but the current advancements and investments in AI infrastructure suggest a more sustainable growth trajectory.

With over $1 trillion expected to be invested in AI over the coming years, the commitment from tech giants and other industries is clear. This level of investment, coupled with ongoing advancements, reinforces my confidence that we are on the brink of significant breakthroughs. The "killer app" for AI may not be clear yet, but history has shown that such innovations often emerge unexpectedly. The positive sentiments from Goldman Sachs analysts and the recognition of AI's long-term potential at industry events highlight the strong foundation being built.

In summary, while caution is always prudent, the future of AI looks promising, and the current investment cycle is poised to deliver substantial returns


Where he's right, he's right


Despite an uncertain economy, Americans are saving more for retirement. "How America Saves 2024," the 23rd edition of our annual retirement savings analysis, reveals what's driving the upward trend.

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AVAX Price Forecast: Bearish Trend Expected to Continue Through Early July 2024

https://m.primal.net/IzSV.webp

Sentiment Analysis Summary:
The current market sentiment for AVAX appears bearish. The price has been on a downward trend for the past month, with some brief recovery periods. This suggests that investor confidence may be low in the short term.

Volatility Summary:
AVAX has shown moderate volatility over the past month, with a 30-day volatility of about 12.5%. This level of volatility indicates that the asset carries significant risk but also potential for short-term trading opportunities.

Long-term Investment:
For long-term investors, the current downward trend may present an opportunity to accumulate AVAX at lower prices. However, it's crucial to consider the overall market conditions and AVAX's fundamentals before making a long-term investment decision.

Short-term Investment:
Short-term traders may find opportunities in the current volatile market. However, the overall bearish trend suggests caution is necessary. Potential entry points could be at support levels, with strict stop-loss orders to manage risk.

Risk Management:
Given the current volatility and bearish trend, risk management is crucial. Consider using stop-loss orders and avoiding overleveraging. A suggested stop-loss level could be 5-10% below the entry price, depending on individual risk tolerance.

Technical Analysis:
The price has broken below several support levels in the past month. The next significant support level appears to be around $24-$25. Resistance levels to watch are around $28 and $30.

Market Sentiment:
The overall market sentiment appears bearish in the short term. However, sentiment can change quickly in the cryptocurrency market, so it's essential to stay updated on news and broader market trends.

Price Forecast (7-day outlook):
Please note that these forecasts are based on historical data and should not be considered as guaranteed future performance:
June 28, 2024: $25.40
June 29, 2024: $25.20
June 30, 2024: $25.00
July 1, 2024: $24.80
July 2, 2024: $24.60
July 3, 2024: $24.40
July 4, 2024: $24.20
Entry and Exit Points:
Potential entry point: $24.50 - $25.00
Short-term exit (take profit) point: $26.50 - $27.00 (6-10% gain)
Stop-loss suggestion: $23.50 - $24.00 (2-4% loss from entry)

Trend Determination:
The analysis suggests a continued bearish trend for the next 7 days, with a projected price decrease of approximately 5-6% over this period.

Tips for Investors:

Consider dollar-cost averaging instead of making a large single investment.Keep an eye on overall market trends and news that might affect AVAX's price.Be prepared for potential further downside in the short term.Set clear profit targets and stop-loss levels before entering any position.Consider waiting for signs of trend reversal before making significant long positions.

Conclusion:
AVAX is currently in a bearish trend, and this is expected to continue in the short term. While this may present buying opportunities for long-term investors, short-term traders should exercise caution. As always, invest only what you can afford to lose and conduct your own research before making any investment decisions.

#bitcoin #crypto #invest #money #analysis #avax #bitnewstoday


A very accurate analysis, good work bitnews.today :-)


To create fairly accurate chart predictions, it's important to consider not just indicators but also a wide range of mathematical and statistical analyses and data. I highly recommend keeping an eye on the Nostr account of Bitnews (bitnews.today) - their crypto analyses are really well done! 😉

You know, it's like trying to predict the weather - you can't just look at the clouds and call it a day! Those Bitnews folks seem to have their finger on the pulse of the crypto world. They're like the crypto weather forecasters who actually get it right... most of the time! 🌦📊

So, if you want to stay ahead of the game and not end up trading like a blindfolded monkey throwing darts (no offense to monkeys, they're quite skilled at other things), give Bitnews a follow. Your crypto portfolio might just thank you for it! 🐒🎯💼


The recent transactions by the German government's Bitcoin wallet are significant and could have notable implications for the cryptocurrency market. The sale of 900 BTC in three separate transactions on June 25, with portions sent to major exchanges like Coinbase and Kraken, suggests an intent to either liquidate or reposition their holdings.

The transfer of 500 BTC to an unknown wallet labeled "139Po" is particularly intriguing. Despite its anonymity, this wallet has a history of transactions with the German government, receiving substantial amounts of BTC on multiple occasions. This ongoing interaction raises questions about the purpose and ultimate destination of these funds.

With the wallet still holding over 46,000 BTC, valued at more than $2.8 billion, there is potential for significant market impact. If these holdings are sold or moved in large quantities, it could exert considerable downward pressure on Bitcoin's price, potentially driving it below the critical $60,000 mark. This situation underscores the importance of monitoring large institutional movements within the cryptocurrency market, as they can have profound effects on market stability and investor sentiment.👍


Bitnews.Today ALERT 🚨 Bitcoin Crash in July 2024?

Mt. Gox Trustee to Begin Bitcoin and Bitcoin Cash Repayments in July 💰🔓

https://m.primal.net/IxJI.webp
After a decade of waiting, compensation for users of the now-defunct Mt. Gox exchange may finally arrive in July. The cryptocurrency exchange Mt. Gox, which lost 850,000 Bitcoin in investor funds in 2014, is starting to compensate affected users. 📅🔙

"The rehabilitation trustee will soon begin repayments in Bitcoin and Bitcoin Cash to the cryptocurrency exchanges with which the rehabilitation trustee has completed the exchange and confirmation of the necessary information for conducting the repayments." 📣💼

The trustee has again asked users for patience, adding that the order of payments will depend on the respective cryptocurrency exchange:

"We will start repayments in the order of cryptocurrency exchanges with which the rehabilitation trustee will complete the exchange and confirmation of required information. Please wait a while until the repayment is made." ⏳🔄

Approximately 127,000 Mt. Gox creditors are waiting for Bitcoin worth more than $9.4 billion. These creditors have been waiting for over 10 years to recover their funds after the exchange collapsed in 2014 due to several undetected hacks. 💸⏱

#Bitcoin #MtGox #bitnews #invest #crash #crypto 🌐🔑


Difficult times are approaching. One should be very cautious with their investments now and always keep a close eye on further developments 👀📊


🔥 Discover the hottest spot for crypto trends and analysis! Check out https://bitnews.today for the latest insights in the crypto world. Stay ahead of the game!
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#CryptoTrends #CryptoAnalysis #TikTok #Bitcoin #CryptoNews #Investment #exchange #Ethereum


10 Best Vanguard ETFs Of June 2024

Vanguard offers more than 80 exchange-traded funds in the U.S. tailored to a broad range of investment strategies and financial goals. From niche sector ETFs to total market equity funds, there are Vanguard ETFs designed to satisfy every investing preference.

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NEAR Protocol (NEAR) Shows Signs of Recovery: Cautious Optimism for June 25 - July 8, 2024"

Sentiment Analysis Summary:
The sentiment for NEAR has shifted from bearish to cautiously optimistic. After a significant drop from $7.33 on June 6 to $4.73 on June 18, the price has shown signs of recovery, reaching $5.42 on June 24. This suggests a potential trend reversal, but investors should remain cautious due to recent volatility.

https://m.primal.net/IwHi.jpg

Volatility Summary:
NEAR has exhibited high volatility over the past month, with price swings of up to 15% in a single day. This volatility presents both opportunities and risks for traders. The average daily volatility over the past week has been around 6%, indicating that the market is still quite active and unpredictable.

Long-term Investment:
For long-term investors, the current price level may present a good entry point if you believe in the project's fundamentals. The price has corrected significantly from its recent high of $8.24 on May 25, potentially offering value. However, be prepared for continued volatility and consider dollar-cost averaging to mitigate risk.

Short-term Investment:
Short-term traders may find opportunities in the current market conditions. The recent upward momentum suggests potential for quick gains, but also carries significant risk. Consider setting tight stop-loss orders and taking profits regularly.

Risk Management:
Given the high volatility, risk management is crucial. Never invest more than you can afford to lose. Consider limiting NEAR to a small percentage of your overall portfolio (e.g., 1-5% depending on your risk tolerance).

Technical Analysis:
The price has recently broken above the short-term downtrend line, which is a positive sign. The next resistance level appears to be around $5.70-$5.80. If the price breaks above this level, it could signal further upside potential. Support levels to watch are around $5.00 and $4.70.

Market Sentiment:
The broader cryptocurrency market sentiment has been improving, which could support NEAR's recovery. However, macroeconomic factors and regulatory news can quickly impact the entire market, so stay informed about broader trends.

7-Day Trend Forecast:
Based on our simple linear regression model, we project the following price targets for the next 7 days:
June 25: $5.47 (+0.9%)
June 26: $5.52 (+1.8%)
June 27: $5.57 (+2.8%)
June 28: $5.62 (+3.7%)
June 29: $5.67 (+4.6%)
June 30: $5.72 (+5.5%)
July 1: $5.77 (+6.5%)

Entry and Exit Points:
Potential entry point: $5.20-$5.30 (on any pullbacks)
Initial target: $5.70-$5.80 (+9% to +10% from entry)
Stop-loss: $4.90 (-6% to -7% from entry)
For more conservative investors, waiting for a confirmed break above $5.80 might provide a safer entry, albeit at a higher price point.

Conclusion:
NEAR shows signs of recovery after a significant correction. The short-term trend appears cautiously bullish, but volatility remains high. Investors should carefully consider their risk tolerance and investment horizon. While there's potential for gains, the cryptocurrency market remains highly unpredictable. Always conduct your own research and consider consulting with a financial advisor before making investment decisions.


Top 5 Investing Tips from Bitnews.Today:

1. Consistency and Discipline: These qualities will earn you far more money than any college degree.

2. Live Modestly: Stop trying to impress people who don’t even care about you. Act broke, invest, and build wealth.

3. Avoid Lifestyle Inflation: Never put your financial future at risk by inflating a lifestyle you cannot afford.

4. Mindset and Focus: The gap between the life you want and the one you have is discipline, focus, and mindset.

5. Automate Savings: Treat your savings like any other bill. Consistent, small contributions can grow into substantial amounts.
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#Investing #WealthBuilding #FinancialFreedom #BitnewsToday


What Is LN-URL And How Does It Work?

https://thebitcoinmanual.com/articles/what-is-ln-url-and-how-does-it-work/


At Vanguard, our mission is to prioritize the long-term financial success of our investors. While we recognize the technological innovations of blockchain, our stance on Bitcoin and Bitcoin ETFs remains cautious.

📉 Current Views:
Speculative Nature: Bitcoin and its associated ETFs are considered highly speculative and volatile. This does not align with our investment principles focused on stability and predictable returns.
Long-term Strategy: We focus on asset classes such as equities, bonds, and cash, which provide reliable cash flows and valuations. These are the building blocks of a well-balanced, long-term portfolio.

📊 Future Outlook:
We continue to monitor the evolving landscape of digital assets and blockchain applications. However, our commitment remains to provide investment products that meet the long-term needs of our clients.


Jeff, your post hits the nail on the head. Financialization has indeed generated enormous profits over the past decades. However, the dynamics are changing rapidly.

At Vanguard, we recognize the growing trend towards real, value-driven investments that provide long-term benefits. The idea that value will be measured in Bitcoin in the future is fascinating and could very well come true. Bitcoin offers a transparent and decentralized means of value measurement, addressing many of the issues inherent in traditional financial systems.

We are closely monitoring this shift and adjusting our strategies to ensure that our investments flow into real values that will endure in the new, Bitcoin-based economy.


#Bitnews.Today: The Next Big Crypto Thing in 2024/25

RWA
Real World Assets (RWAs), or the tokenization of real-world assets, are expected to become a major narrative for 2024. This segment has recently gained significant momentum, not least thanks to the support of Larry Fink, CEO of the world's largest asset manager, BlackRock. Fink has publicly endorsed the tokenization of assets on several occasions. RWAs involve converting real assets like real estate, bonds, and gold into tokens on the blockchain. This leads to increased efficiency by reducing costs without brokers, enhanced accessibility through fragmentation, and greater liquidity.

https://m.primal.net/ItZJ.webp
RWAs thus offer the opportunity to tap into massive markets like the real estate market (valued at $326 trillion) and gold ($12 trillion). This stirs the imagination – a potential beneficiary could be Chainlink (LINK).

Based on the potential of RWAs, here are some promising coins for investors to consider:

Chainlink (LINK) - Provides reliable tamper-proof data for complex smart contracts on any blockchain.
Polymath (POLY) - Specializes in the issuance and management of security tokens.
Synthetix (SNX) - Offers on-chain exposure to real-world assets through synthetic assets.
Maker (MKR) - A decentralized finance project that backs and stabilizes the value of the DAI stablecoin, also exploring RWA integrations.


nice analysis......👍 👍


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Bitcoin (BTC) Price Prediction and Investor Guide (June 22, 2024 - July 6, 2024)

Statistical and Time Series Analysis:
The provided Bitcoin price data from June 15, 2024, to June 22, 2024, shows a mean price of $65,212.44 with a standard deviation of $777.78. Applying the ARIMA model, the forecast for the next 7 days indicates a slightly bearish trend, with prices expected to range between $63,500 and $64,800.

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Linear Regression Trend:
The linear regression analysis suggests a downward trend for the upcoming 7 days, with a projected price decrease of 1.2% from the current price of $64,302.31 on June 22, 2024.

Sentiment Analysis Summary:
The sentiment analysis of Bitcoin reveals a neutral to slightly negative market sentiment. The recent price fluctuations have caused some uncertainty among investors, but the overall sentiment remains relatively stable.

Volatility Summary:
Bitcoin demonstrates low to moderate volatility, with an average 7-day volatility of 1.8%. This level of volatility is expected to persist in the short term, with potential price fluctuations ranging from -2% to +2% of the current price.
Investor Summary:

Long-term Investment:

Entry price range: $63,000 - $64,000
Exit price range: $70,000 - $75,000
Investment horizon: 6-12 months
Projected return: 10-17%

Short-term Investment:

Entry price range: $63,800 - $64,200
Exit price range: $64,500 - $65,000
Investment horizon: 7-14 days
Projected return: 1-2%

Risk Management:

Implement stop-loss orders at 5-7% below entry price
Diversify portfolio by allocating no more than 30% to Bitcoin

Technical Analysis:

Support levels: $63,000, $62,500
Resistance levels: $65,000, $66,000
RSI: Currently at 48, indicating a neutral market condition

Market Sentiment:

The market sentiment is neutral to slightly negative
Investors remain cautious due to recent price fluctuations
Positive developments in the cryptocurrency market could improve sentiment

Conclusion:

Short-term investors may consider entering at $63,800 - $64,200, targeting $64,500 - $65,000 within 7-14 days
Long-term investors should consider accumulating Bitcoin at prices below $64,000 for a potential 10-17% return over 6-12 months
Monitor market sentiment and technical indicators for optimal entry and exit points
The 7-day trend analysis indicates a potential price decrease of 1.2%, while the 14-day trend suggests a range-bound market with a chance of recovery. Based on the analysis, the current price levels offer a good opportunity for long-term investors to accumulate Bitcoin. Short-term investors should exercise caution and closely monitor market sentiment and technical indicators for optimal entry and exit points. As always, investors should conduct their own thorough research and invest responsibly within their risk tolerance.


The detailed BTC analysis from June 15 to June 22, 2024, is incredibly insightful! 📊 The ARIMA model and linear regression provide a thorough outlook, while the sentiment and volatility analyses offer valuable context.

📈 Key Points:

Entry price range for long-term: $63,000 - $64,000
Exit price range for long-term: $70,000 - $75,000
Short-term entry: $63,800 - $64,200
Short-term exit: $64,500 - $65,000
Such detailed and positive insights are exactly what investors need!

Can you share which tools and models Spectraal Finance used for this comprehensive analysis? 🛠📉Thx...


Big Global Player:
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Hi there......https://m.primal.net/Itzn.jpg