Last Great Opportunity To Accumulate Bitcoin and Ethereum Coming, Says Crypto Strategist – Here’s Wh

The Daily Hodl

Last Great Opportunity To Accumulate Bitcoin and Ethereum Coming, Says Crypto Strategist – Here’s When
Henry Kanapi February 25, 2024

A closely followed analyst believes investors will have one last chance to accumulate Bitcoin (BTC) and Ethereum (ETH) at lower levels before the markets witness the next bull phase.

Pseudonymous analyst Rager tells his 199,300 followers on the social media platform X that he’s keeping some capital on the sidelines in anticipation of one more pullback.


According to Rager, Bitcoin and Ethereum might see a correction around the April halving, when the rewards of BTC miners get cut in half.

“Holding spot in positions and waiting for the BTC and ETH pullback in the next couple of months to buy around halving.

That will be the last great opportunity for this cycle.”

Looking closer at Bitcoin, Rager thinks that BTC is primed for a short-lived pullback. According to the analyst, his expected retracement will set the stage for Bitcoin to rally above $60,000.

“The uptrend from the bottom has been primarily composed of a few days of strong price action followed by a lot of chop and pullbacks.

The one time period with sustained grinding up without substantial pullback was from October to January where we saw the BTC spot ETF (exchange-traded fund) approval [being] front run.

Bitcoin and the market in general have a lot of upside opportunities coming but could be due for a short-term pullback. After a pullback and people flip/flop bearish, it’s likely we see another burst to the upside to break $60,000 for the first time since 2021.”

Image
Source: Rager/X
At time of writing, Bitcoin is trading at $51,683.

As for Ethereum, Rager thinks that the native asset of the top smart contract platform is poised to move higher.

“The question is how long can ETH stay above $3,000 this time?

The target remains $3,500 for this run-up, and with the ETH spot ETF talk, I think we can hit this sooner rather than later.”

Image
Source: Rager/X
At time of writing, ETH is worth $3,031.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/TadashiArt


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How To Cash Out Shiba Inu from Wallet?
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February 25, 2024 2 mins read
Top 5 Tokens to Pump in 2024

How To Cash Out Shiba Inu from Wallet?
A guide to safely cashing out your Shiba Inu (SHIB) holdings from your wallet.
The well-known cryptocurrency Shiba Inu (SHIB) has attracted a lot of attention lately. There are a few procedures you must take as a SHIB holder to guarantee a safe and easy transaction if you want to cash out your shares. We’ll walk you through the process of how to cash out Shiba Inu from wallet in this article.

Step 1: Choose a Cryptocurrency Exchange
Selecting a Bitcoin exchange that allows SHIB trading is the first step towards cashing out Shiba Inu. The well-known exchanges Binance, KuCoin, and Gate.io are a few that support SHIB. You will need to register for an account and finish the required verification procedures after you have chosen an exchange.

Step 2: Transfer SHIB to the Exchange
Transferring your SHIB holdings from your wallet to the exchange is required once you’ve registered for an account there. You must transmit your SHIB tokens from your wallet to the exchange using your SHIB wallet address, which you can get from the exchange, to accomplish this.

To make sure you are transferring your SHIB tokens to the right address, it is crucial to double-check the wallet address before sending them. To finish the purchase, you should also make sure you have enough petrol money.

Step 3: Sell SHIB for Fiat or Other Cryptocurrencies
After your SHIB tokens are moved to the exchange, you can trade them for other cryptocurrencies or fiat money. You must place a sell order on the exchange by navigating to the SHIB trading pair to accomplish this.

When selling SHIB, you have the option of exchanging it for cryptocurrencies like Ethereum or Bitcoin or fiat money like USD or EUR. Generally speaking, the exchange will take a fee from the sale profits to cover the transaction costs.

Step 4: Withdraw Funds to Your Bank Account
You can deposit the money you make from selling your SHIB tokens into your bank account. You must go to the exchange’s withdrawal section and enter your bank account information to accomplish this.

It is crucial to remember that before enabling you to withdraw money, certain exchanges could need you to complete additional verification procedures. Providing identification or proof of address is one of these processes.

Step 5: Secure Your Funds
It’s crucial to safeguard your money by moving it to a secure bank account or wallet when the withdrawal process is finished. This will lessen the chance of security lapses or other threats to your money.
It’s crucial to pick a trustworthy supplier with robust security measures, including encryption and two-factor authentication when picking a wallet or bank account.

Choosing a cryptocurrency exchange, sending SHIB to the exchange, selling SHIB for fiat or other cryptocurrencies, withdrawing money to your bank account, and safeguarding your savings are the necessary procedures for cashing out SHIB from your wallet. You can effectively cash out your SHIB holdings and guarantee a seamless and secure transaction by according to these instructions.

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