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Bitcoin fell to $67,000 due to lower bets on the Fed's interest rate cut and losses in the gold and Nasdaq markets. Analysts believe that the growth trend will continue as long as there is demand for the purchase of local funds investing in Bitcoin. Trading volume on the cryptocurrency market decreased by 6%, and the price of Bitcoin recovered to $68,500.

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Hey Mahesh, thanks for sharing the insight! 

After a long wait, #Bitcoin reached an important level in the cryptocurrency market by exceeding the $ 72,000 level. This rise generally led to large increases in all altcoins. Also, an important event like #halving for $BTC is waiting at the door. #Ethereum is on the agenda with various #ETF applications. If these $ETH ETFs are approved, the #altcoin market is likely to strengthen further. However, just because everything goes well does not mean that investors should not be careless.
This long-awaited rise in the crypto market actually brings with it the riskiest period.
Those who cannot evaluate this period correctly may experience disappointment
in the following lunar period. Not knowing how to take profit from gains, greedily wanting more, or being too cowardly and selling assets even at the slightest corrections can cause you to enter the next bear period empty-handed.

Hey Mahesh 👋, thanks for sharing this valuable insight! 

■ Recently, #Bitcoin entered a significant uptrend and successfully surpassed the $68,000 resistance. According to my personal expectations, the upward trend may continue in the short term. However, one of the factors affecting Bitcoin's increase is the upcoming Halving. As #Halving approaches, $BTC demand is increasing. However, it is possible that there will be a correction after the halving occurs. Because investors who take their positions before the Halving can realize profits afterwards.

■ However, investors are waiting for the bullish #Altcoin. However, for the Altcoin rally to occur, there needs to be a shift from Bitcoin to Altcoins. This situation may become more evident in the coming correction periods. Additionally, their #Ethereum ETF is expected to be approved. If the $ETH #ETF applications are approved, this could cause the Altcoin bull to gain momentum.

Mahesh Kotwal

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