Did Trump's assassination kick off a big Bull Market? The market takes off?


Bitcoin has slowly risen to 62k. The following chart shows the short-term holder MVRV Depth support area for the pie, which has successfully undergone 13 bullish retests from 2013 to the end of 2023, with only 2 failures in history. This is currently the 16th retest. The expected support for the future second half of the bull market is still funds and flow!
Both currently fully possess:
Funding: interest rate cut, ETF
Flow side: Trump Trump, after the recent events, basically confirmed as the world's number one flow person. The consensus in the United States will also be higher, and Trump will attend the 2024 Bitcoin Consensus Conference, and it is expected to continuously release many favorable policies.
With this wave of flow, coupled with the influx of funds, it is difficult for Bitcoin to fall. So in the future, with the assistance of Favourable Information, it will be super long:
1、Bull Market trend is inevitable
2. This wave of pullback is basically nearing its end.
3, Bitcoin's new high is bound to come
During this round of pullback, institutional whales have once again accumulated a large amount of Bitcoin. The data chart of whale's catch the bottom is as high as the catch the bottom peak at the bottom of 2020.
Within a day the situation has turned around, Trump has accelerated the pace of the bull's return single-handedly, and now it's a world of long positions again.
Upcoming process:
On July 16th, at 00:30 a.m., Federal Reserve Chairman Powell will give a speech.
On July 17, the US retail sales data will be released, which is related to the expectation of interest rate cuts.
On July 18, the European Central Bank announced the Interest Rate resolution.
4, on July 25-27, Trump gave a speech at the Bitcoin conference.
$MAGA
To commemorate US presidential candidate Donald Trump, the encryption currency MAGA occupies a prominent position in the list, and this choice is not accidental. The MAGA token soared by more than 30% after the shooting incident was reported. Although it has slightly fallen back subsequently, as of the time of writing, the MAGA token still rose by 26%, with its Market Cap soaring to 370 million US dollars, making it the 167th largest encryption asset. The strong performance of the MAGA token not only reflects the market's support for Trump, but also demonstrates investors' optimism about the potential impact of this event.
$Pepe
$Pepe, the leading meme in this bull market, is expected to rise to $1. Despite its large circulation, each transaction burns a portion of the coins through deflationary mechanisms, thereby driving up its value. PEPE coin has demonstrated good volatility and long-term price potential in the market. Although it is not currently a long-term investment, the deflationary strategy plays a key role in its long-term value appreciation.
$AXL
Axelar Network is a cross-chain interoperability platform designed to connect different blockchain networks and enable the free circulation of assets. With the continuous development of blockchain technology and the increasing popularity of cross-chain applications, the market demand for Axelar Network will continue to grow. AXL, as the core token of Axelar Network, will appreciate continuously with the prosperity of the market. It is expected that AXL will have the potential to increase several tens of times within the next year.
$PEOPLE
The sharp rise of the PEOPLE token is also somewhat related to the Trump incident. News and narratives often are key factors affecting the overall market and individual coin trends. With a relatively low market cap currently, there is still plenty of room for growth. If it retraces to around 0.046 before November, it would be a no-brainer to buy and hold.
BTC-0.05%
MAGA-2.05%
PEPE-0.28%
MEME-0.39%
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Rayzzvip
· 2024-07-15 08:33
WAGMI 💪
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ALWAYSDOUBLEvip
· 2024-07-15 08:29
dope
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