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Bitcoin Halving: Nearing the End of the ‘Danger Zone’

Bitcoin is at a critical point, retesting the $60,000 level as it nears the end of the post-halving “danger zone,” with market dynamics and institutional actions influencing its price.

• Main Points:

  • Price Retest: Bitcoin is under pressure as it hovers around $61,129, close to the significant $60,000 support level.

    

    BTC/USDT liquidity chart. source: MI_Algos

  • Market and Institutional Factors: Speculation suggests large institutions might be impacting the price to prevent a weekend breakout.

  • Post-Halving Trends: Historical data indicates Bitcoin often faces downward pressure after halvings, a trend currently under scrutiny.

  • Danger Zone’s End: The market expects a shift in Bitcoin’s price behavior as the “danger zone” concludes.

  

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• Detailed Insights:

  • Bitcoin’s Price Retest: Bitcoin’s value, facing a downturn, is testing investor resolve at the $60,000 mark. This pattern is typical after halving events, causing unease among investors.

  • Market Dynamics and Institutional Influence: The current market volatility is attributed to a mix of factors, including possible strategic moves by institutional investors to control the price, especially during inactive ETF trading periods.

  • Reassessing Bitcoin’s Post-Halving Behavior: Analysts are revisiting Bitcoin’s historical post-halving performance, noting that the currency usually experiences a decline in value during this period, as highlighted by Rekt Capital.

    

    rektcapital

  • The “Danger Zone”: As the “danger zone” draws to a close, there’s anticipation for a potential change in Bitcoin’s price direction, marking a pivotal moment for the cryptocurrency’s future.

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Navigating Economic Uncertainty: Robert Kiyosaki’s Insights

Robert Kiyosaki warns of an upcoming economic depression, advising the public to prepare by investing in tangible assets and seizing investment opportunities during the crisis.

• Main Points:

  • Economic Preparedness: Kiyosaki urges proactive measures against the anticipated economic downturn, advocating for awareness over complacency.

  • Investment in Assets: He recommends acquiring assets like real estate, gold, silver, and bitcoin to protect against financial instability.

  • Opportunities in Crisis: Kiyosaki sees downturns as chances to grow wealth for those ready to capitalize on them.

  • Diversification Strategy: He stresses the importance of diversifying investments to include assets that maintain or increase in value during market crashes.

  DEPRESSION next?  I am planning on one.  Q: Do I want a DEPRESSION? A: No. Yet it is better to be preparing  for the worse rather than live in Disneyland, which most people are doing. For years I could see this crisis coming… which is why I wrote Rich Dad Poor Dad, own my… x.com/i/web/status/1…

  — Robert Kiyosaki (@theRealKiyosaki)
  9:08 AM • May 9, 2024

• Detailed Insights:

  • Economic Preparedness: Kiyosaki, in a social media post, shared concerns about a severe economic slump, suggesting that people should not be ignorant of the signs and should instead prepare for what’s coming.

  • Investment in Assets: Echoing advice from his book “Rich Dad Poor Dad,” Kiyosaki advises buying assets that can withstand economic shocks, such as real estate and precious metals, and highlights bitcoin as a modern asset to consider.

    Q:  Are you a Bitcoin Bull?

    A. Yes. Bitcoin is the perfect asset at the right time.  I love Bitcoin. Wish I had bought more earlier.

    Q:  Is it possible that Bitcoin is a scam, a Ponzi scheme?

    A:  Yes. It is possible Bitcoin is a scam and a Ponzi scheme.

    Q:  Aren’t you… x.com/i/web/status/1…

    — Robert Kiyosaki (@theRealKiyosaki)
    4:05 AM • Mar 26, 2024

  • Opportunities in Crisis: Despite the fears surrounding economic crises, Kiyosaki maintains a positive outlook, encouraging investors to look for and seize opportunities that arise during such times.

  • Diversification Strategy: Reaffirming his previous advice, Kiyosaki emphasizes the need to invest in assets that are likely to retain or gain value, especially when traditional fiat currencies are losing value.

Ark Invest’s Revised Ethereum ETF Strategy

Ark Invest, with 21shares, has updated their Ethereum ETF proposal, removing the staking feature to align with regulatory standards and market trends.

• Main Points:

  • ETF Proposal Revision: The initial staking feature in the Ethereum ETF has been withdrawn for a more conservative approach.

  • Regulatory and Market Adaptation: The change reflects a strategic response to regulatory feedback and market conditions.

  • Industry Analysis: Experts like Bloomberg’s Eric Balchunas speculate on the strategic motives behind the revision.

    Hmmmm. Interesting. While it may seem like this is them getting their docs in shape based on SEC comments (which would be good news) there hasn’t been any comments. So its prob either a Hail Mary or maybe trying to give SEC one less thing to use in their rejection. Not sure (yet)

    — Eric Balchunas (@EricBalchunas)
    10:04 PM • May 10, 2024

• Detailed Insights:

  • ETF Proposal Revision: Ark Invest and 21shares have retracted staking from their Ethereum ETF plan, signaling a shift in strategy due to the evolving ETF landscape.

  • Regulatory and Market Adaptation: This move suggests a careful consideration of the regulatory environment and a desire to increase the likelihood of ETF approval.

  • Industry Analysis: The adjustment is seen as a critical step, possibly aimed at meeting SEC requirements and enhancing the proposal’s chances for success.

CAN YOU PREDICT THE PRICE?

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Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎