MARKET UPDATE ✅️

$BITCOIN BEAR Cycle is OVER - [Bollinger Bands Analysis]

Historically, once Bollinger Bands indicator crossed the 0.88% mark upwards, it meant the end of the bearish market and the beginning of the bullish phase! Here are all the previous cases:

- 1 December 2012, Bitcoin grew up from $12 to $1100 in the following 2 years

- 1 April 2016, Bitcoin grew up from $400 to $20000 in the following 1.5 years

- 1 September 2020, Bitcoin grew up from $10000 to $65000 in the following 0.5 years

The cross happened once again, NOW! It doesn't mean up-only from current points, but the overall vector has changed to BULLISH for at least 6 - 12 months.

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MARKET UPDATE ✅️

🔷 Changpeng Zhao (CZ) resigns as BINANCE CEO.

🔷 CZ plans to plead guilty to violating U.S. Anti-Money Laundering requirements. The crypto exchange will also pay $4.3 billion in fines.

🔷 CZ facing 18 months in prison as part of his plea deal with the US Government.

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MARKET UPDATE ✅️

Roughly 5,000 $BITCOIN have left BINANCE in the past hours.

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MARKET UPDATE ✅️

BTC correlation with Nasdaq approaches multi-year low.

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🟦 SEC Commissioner says "there's no reason for us to stand in the way of a Spot $BITCOIN ETF."

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