#Satoshi Net Worth Tops Bill Gates#
Arkham announced on social media that Satoshi Nakamoto is now wealthier than Bill Gates, with a net worth reaching $116.7 billion compared to Gates' $116.2 billion.
💬 What does this mean for the crypto market? How will Satoshi's wealth impact Bitcoin's future and interest from mainstream investors?
#Trump BTC ETF Application#
Truth Social, operated by Trump Media & Technology Group, has applied for a Bitcoin spot ETF through a partner. The fund aims to track Bitcoin's spot price performance. If approved, Truth Social would be the first social media platfor
#BTC#
You believe that Bitcoin is in an uptrend after the halving and could potentially reach higher highs. However, you also want to protect against short-term volatility.
Hypothetical Entry Price: Around the current price, for example $109,700.
1. Entry Strategy (Buy):
* Gradual Buying (DCA - Dollar-Cost Averaging): Instead of investing all your capital at once, you can consider buying gradually at certain intervals during price declines. This can help lower your average cost.
* Buying Near Support Level: If there is a pullback in price and it approaches the $106,800 - $107,300 support area, a buy at these levels can be attempted. This area indicates strong buying interest.
2. Stop Loss Level:
This is a critical level to protect your capital.
* Below Support Level: It may make sense to place a stop loss below the major support level of $106,800 - $107,300. For example, consider the range of $105,500 - $106,500.
* Logic: If Bitcoin falls below this support level, the probability of a further downtrend increases and you can close your position to avoid further losses.
* Percentage Loss Limit: You can also set a percentage loss limit of 3-5%, depending on your risk tolerance. For example, 3-5% below your entry price.
3. Take Profit Levels:
These are the levels you target to realize your profit. In a volatile asset like Bitcoin, it is a good approach to gradually determine take profit levels.
* 1. Take Profit Target (Short Term):
* $112,000: This is a major target and potential resistance level mentioned on TradingView. When the price reaches this level, you can close a portion of your position (25%-30%) and realize your profit.
* 2. Take Profit Target (Medium Term):
* $115,000 - $120,000: This range may be the next resistance zone to target if a breakout above $112,000 occurs. You can close another portion of your position (30%-40%) at these levels.
* 3. Take Profit Target (Long Term / Possible Bullish Peak):
* $200,000 and Above: The "Power Law" model and some estimates predict that Bitcoin could rise to $200,000 and above in the fourth quarter of 2025. If you are a long-term investor and believe that the market will continue its uptrend, you can target these levels for your remaining position. You may consider taking profit when these levels are reached.
4. Trailing Stop:
A useful tool for protecting your profits and maximizing potential upside moves. It automatically locks in your profit by moving your stop up as the price moves in your favor.
* For example, if Bitcoin reaches $112,000 and continues to move up, you can increase your stop to $109,000 or $110,000 to ensure you’ll still be profitable even in the event of a pullback.