Avoid the Urge to Catch the Falling knife

Avoid the Urge to Catch the Falling knife

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Hi Crypto Academy Network, Du Jun, the co-founder of Huobi, told CNBC that Bitcoin’s bull markets are closely related to the halving cycle. “If this circle continues, we are now at the early stage of a bear market,” Du said. He expects  itcoin’s next bull market to start either at the end of 2024 or the beginning of 2025. WWe had mentioned in our previous analysis that bears are unlikely to give up easily and will defend the overhead resistance zone between £32,382.23 and £34,031.76 and that is what happened. Bitcoin turned down from the resistance zone on February 16 and plunged below the moving averages on February 17. The buyers attempted to stall the decline at the strong support of £29,000 but the failure to achieve a strong rebound off it emboldened the bears. KEY TRADING LEVELS ETH TRADE XRP TRADE BTC TRADE Top Content This Week! Advancements in the Cryptocurrency World Warren Buffett invests $1B in Bitcoin Coinbase, Polygon Studios Join Jambo Top Article This Week! DeepSquare’s HPC solutions for Web 3.0 Faith Tribe: Introducing Web3 Digital Arms, Disrupting the Gaming Earnings Disclaimer The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur

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