SilenceStorm
Fri Aug 09 2024
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5 answers
1477
Will bitcoin retrace back to 60k?
Could you please provide your thoughts on the possibility of Bitcoin retracing back to the 60,000 dollar mark? Given the recent market volatility and various factors influencing the cryptocurrency market, what are the key indicators that you would be watching out for to determine if such a retracement is likely to occur? Additionally, how would you advise investors to navigate this uncertain market condition, especially if they're considering entering or exiting a position in Bitcoin?
SumoStrength
Tue Aug 06 2024
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7 answers
1636
How long did bitcoin retrace before halving?
Could you elaborate on the timeframe of Bitcoin's retracement leading up to a halving event? Have historical halvings consistently preceded significant pullbacks, and if so, what was the average duration of these retracements? Are there any particular factors that may have influenced the length of Bitcoin's retracement before a halving, such as market sentiment, regulatory changes, or other macroeconomic events?
