2024

Bitcoin

TRON

Reserve

<p>Bitcoin trading, like with any volatile asset, can produce both staggering gains and painful losses. Short-term traders, always on the lookout, endure sharp market fluctuations. “HODLers,” on the other hand, hang tight, patiently waiting for price changes. Recently, Bitcoin’s price surged above $62,000, generating enthusiasm within the entire crypto community. But how far will it go?</p> 
<h2 id="h-bitcoin-reaches-new-highs-thanks-to-the-fed">Bitcoin Reaches New Highs Thanks to the Fed</h2> 
<p>The recent <strong>decision by the U.S. Federal Reserve</strong> to <a href="https://www.cointribune.com/en/the-fed-finally-lowers-its-rates-what-will-happen-to-bitcoin/" target="_blank" rel="noreferrer noopener">lower its interest rates</a> acted as a <strong>shot in the arm for Bitcoin</strong>. With lower borrowing rates, the <strong>appeal of risky assets like crypto intensified</strong>, allowing Bitcoin to <strong>breach the $62,000 mark</strong>.</p>
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<p>According to <a href="https://app.intotheblock.com/coin/BTC" target="_blank" rel="noreferrer noopener">data from IntoTheBlock</a>, <strong>nearly 88% of Bitcoin HODLers are currently registering paper profits</strong>, while the rest are at breakeven.</p> 
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<p>Even better, <strong>no one is in the red as of now</strong>, which bolsters investor confidence. Among them, <a href="https://x.com/CryptoJelleNL/status/1836686189106975176" target="_blank" rel="noreferrer noopener">Jelle</a>, an avid user, claims that “<em>the 3-day bullish divergence is unfolding, and it doesn’t seem to be over yet</em>.” Here are some interesting numbers to better understand: </p> 
<ul> 
 <li>71% of holders are long-term investors;</li> 
 <li>25% have been in the game for less than a year;</li> 
 <li>Only 5% boarded the Bitcoin train in the last 30 days.</li> 
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>'s 3-day bullish divergence is playing out, and it looks like it ain't done just yet. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>All eyes on $65,000.<br><br>Above there, and higher-timeframe structure flips to full bull again.<br><br>Uptober approaching quickly. Let's roll. <a href="https://t.co/bToOwNkbNi">pic.twitter.com/bToOwNkbNi</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1836686189106975176?ref_src=twsrc%5Etfw">September 19, 2024</a>
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  3-day ascent announcement for BTC by Jelle
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<h2 id="h-the-crypto-wave-is-just-getting-started">The Crypto Wave is Just Getting Started</h2> 
<p>The bullish wave shaking the crypto market <strong>isn’t limited to Bitcoin</strong>. <strong>TRON (TRX)</strong> is also showing impressive progress, with <strong>94% of its holders in profit</strong>.</p> 
<p>However, Bitcoin draws so much attention partly due to the <strong>growing optimism surrounding a potential new bull run</strong>. Some analysts predict that if the leading crypto manages to surpass <strong>$65,000, a genuine bull run</strong> could commence.</p>  
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<p>Crypto traders from all corners are keeping a close watch on this key resistance. Analyst Ali Martinez had already warned: “<em>A close above $61,500 could reignite the bull market</em>.”</p> 
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> attempts to break through an important trend line. Closing today above $61,500 could signal the resumption of the bull market! <a href="https://twitter.com/hashtag/Uptober?src=hash&amp;ref_src=twsrc%5Etfw">#Uptober</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/CU2a38Jsdh">pic.twitter.com/CU2a38Jsdh</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1836475047625560515?ref_src=twsrc%5Etfw">September 18, 2024</a>
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  Is the bull run now triggered?
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<p>However, although Bitcoin ended the day below this threshold, the community remains resolutely optimistic. After all, <strong>October, dubbed “Uptober”</strong> by some, might still hold many surprises.</p> 
<p>Furthermore, if you are new to the crypto world, this guide will be a valuable ally to help you better <a href="https://www.cointribune.com/comment-gerer-les-risques-en-trading-2/" target="_blank" rel="noreferrer noopener">manage trading risks</a>.</p>

Bitcoin At $62,000: Not A HODLer At A Loss, But For How Long?

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