Current status of Bitcoin

in Tron Fan Club5 months ago

Assalamu Alaikum


How are you? By Allah's grace, I'm doing very well. Donald Trump posted about his own coin yesterday, although this post was not made from Twitter or Facebook, it was made from a different social platform. But after making this post, there is a good spike in Trump coin, as well as good movement in other coins in the market. Although Trump's such posts are not as effective as before because when something is brought up first, that thing has the most effect. So when Donald Trump's meme coin was first coming, the rally we saw in that coin may not be seen through such a small post. If Donald Trump officially makes a big announcement about his coin, the price of Trump coin will go up to $ 100 again in a day. But thinking about this, we will definitely not invest in Trump coin. There are many better coins than Trump coin, we will invest in them if necessary.

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Then if you check Trump's World Liberty Finance portfolio, you can see that some new coins are coming in. For example, here you can see that move coin has been added, worth $3.25 million. Then there is a fairly large amount of MNT coin in the portfolio, which is $5 million. And if you check the transaction history here, you will see that the MNT coin has been purchased many times in the last week. So you can understand that there can be a good spike in MNT coin and until we see a large amount of sale in such a large portfolio, it cannot be said that the market will go down. Because if the market really drops a terrible amount, I don't think they will be holding these coins like fools.

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Now if we go directly to the Bitcoin chart and place the Fibonacci retracement here, then you will notice one thing, after the Bitcoin price hit the top, when it started dropping from here, we saw it drop to the lowest level of $76,000. Then, the price bounced from here and went upwards, and the price is going upwards continuously. Now, if the Bitcoin price keeps going upwards like this, then we can target two zones above it. One is the 0.5 level and the other is the golden zone, which we call the 0.6 level. So, if Bitcoin reaches about $92,000 and then corrects from here and there is selling pressure again, then there is a chance that Bitcoin will fall below about $70,000, but if it crosses the $92,000 level and crosses the golden zone from above, then we will again see the Bitcoin price above $100,000.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.

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Upvoted! Thank you for supporting witness @jswit.

It is a great and an informative post of Current status of Bitcoin.

It seems that MNT coins can pump hugely,

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