Date: 2024-01-23T20:07:34Z Creator: Bitfolio Academy
Crypto getting ROCKED by a sell-off storm, today. What is going down in crypto town? Well, Bitcoin has been leading the charge with a MIGHTY 80% surge since October. The rumors of that Bitcoin spot ETF sparked magic, starting in October.
To my INCREDIBLE Discord community – you rockstars saw it coming! I started warning about a downturn on January 12th. I gave the heads up to the day traders: the tide was turning and those numbers were about to tumble – from $47,000 down to $44,000 for BTC. Fast forward 10 days to January 22nd when I BOLDLY declared to my eagle-eyed squad: “Folks, we’ve flipped! The bears have taken the wheel. For BTC, the next stop is $38,000 and then $36,000.
BUT WAIT, it’s not just Bitcoin, my friends. We’re seeing a domino effect with shockwaves rippling through the ENTIRE crypto market.
The catalyst? Grayscale and their spot Bitcoin ETF fees are a glaring 1 and ½ percent, triggering a MASS EXODUS that’s sending sell pressure through the roof! Over the last couple of weeks, a staggering $6 billion vanished from their ETF, plummeting from $28 billion to $22 billion, and the bloodletting shows NO signs of stopping.
But DON’T LOSE HEART! I am revved up and BULLISH for the long run. The countdown to the Bitcoin halving is ticking – we’re a mere 3 MAGIC months away! But expect EXTREME TURBULENCE over the next few weeks. We’re in for a white-knuckle ride with sell pressure at DEFCON level! But history shows – every rollercoaster has its rise.
Share your thoughts below, and if you’re craving non-stop tips and insights, JUMP into my Discord community!
Let me know in the comments. 🤔
💰 Join My FREE Discord Group:
https://en.bitfolio.biz/discord
🚀 Connect With Me on Social Media!
►► ► My LINK TREE ◄◄◄
https://beacons.ai/bitfolio
👍 JOIN Bitfolio Academy Coaching Community: https://bitfolio.biz/member
🔥 FREE Cyptocurrency Course: https://bitfolio.biz/course
💻 Bitfolio Academy Blog: https://blog.bitfolio.academy
💵 Send me a Satoshi: https://getalby.com/p/bitfolio
⚡️[email protected]
Crypto Sherpa 🚀
Sharing lessons on crypto as I try to minimize risks and shorten time horizons 📈
Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
#bitcoin #btc #crypto #cryptonews #bitcoinnews