JENNYWILSON

In a significant turn of events, just two days after the United States unveiled a $4.3 billion settlement plan with leading cryptocurrency exchange Bina Holdings, the price of Bitcoin (BTC) surged to a fresh yearly high, surpassing the $38,000 mark during the early New York trading session on Friday. The cryptocurrency market had been eagerly awaiting a breakout, with Bitcoin’s recent consolidation in a pennant pattern signaling the potential for a bullish move.

Bitcoin’s Impressive Rally
Friday’s breakout in Bitcoin’s price has ignited a sense of excitement among traders, leading to renewed FOMO (fear of missing out) sentiment. This surge has set the stage for Bitcoin to potentially target the next significant resistance level at around $42,000 in the coming weeks.#BTC #Onchain #cbdc

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC holds up as US DoJ clears path to spot ETF approval

Bitcoin price must hold above the critical support at $36,788 to keep hope for a continuation of the intermediate trend alive.
The $1,935 support level continues to hold for Ethereum price but the slump is likely to continue 5% lower.
Ripple price extends south, invalidating the bullish thesis with the potential for a further 8% slump to $0.5392.
Bitcoin (BTC) price remains bearish, but there is hope, after the US Department of Justice may just have cleared the path for the approval of spot BTC exchange-traded funds (ETFs). According to some analysts, one of the stumbling blocks to the approval was the dominance of Bina exchange in the industry.

Bitcoin price tests key support:

Bitcoin (BTC) price is showing weakness, recording a 3% fall on the day, with most of these losses recorded following news around Bina exchange. Testing the critical support at $36,788 and with the Relative Strength Index (RSI) showing weakening momentum, BTC could fall.
Conversely, increased buying pressure from investors looking to capitalize on the retest of $36,788 could send Bitcoin price north, first clearing the local top at $37,972 before testing the range high at $37,980 and ultimately claiming the $40,000 psychological level, 10% above current levels.#BTC $BTC

Dogecoin has been on the radar of many top crypto analysts over the last few weeks because its indicators have been flashing bullish for the longest time. The meme coin has also not performed at the same level as some other altcoins, hence the widespread belief that it will see a delayed but explosive move. One of the analysts who envision a big blowout for the meme coin is Alan Santana who took to TradingView to share his bullish sentiment for the DOGE price.

Mapping Out The 6-Month Timeframe For Dogecoin

In the analysis that was posted on TradingView, crypto analyst Alan Santana put the Dogecoin price breakout on a six-month timeframe. According to Santana, this is a likely timeframe that the meme coin’s price will see the much-anticipated recovery. But what’s even more interesting is the price target that the analyst has set out for the altcoin.

There are three targets mapped out over this timeframe with each one higher than the last. The first target here is a 70% move up from its current price level that could bring the meme coin above $0.1 finally and as high as $0.136 for a start.

The next target from this 70% move lies just above $0.15. Hitting this target would mean DOGE’s price moves 94% from its present value, and this target is one that other analysts have expected Dogecoin to hit soon$$BTC #Blur #BTC #etf

Bitcoin is trading right at the 36,500 dollar resistance - but what's really interesting, is that BTC is doing so in the shape of an ascending triangle, a bullish pattern.

But it gets even more interesting: Not only is Bitcoin about to break out of this triangle, but today is also Saturday. This means that we might very well be about to see some volatility on this weekend as well.

Bitcoin used to have its normal volatility on weekends, but that pretty much stopped around a year ago. Getting this volatility back on weekends would, in my opinion, indicate that the market is attracting more interest again.#etf #BTC #Nocturne

#etf Cryptocurrency funds have reported significant inflows, with Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA) and Solana (SOL) leading the charge. Advertisement The most recent data from CoinShares indicate a total weekly inflow of $175.6 million across various cryptocurrency products, with Bitcoin alone attracting $154.7 million.This optimistic trend aligns with expectations around the anticipated approval of a spot-based Bitcoin ETF in the United States.Dominant Bitcoin and rising altcoinsBitcoin has remained the preferred choice for investors, drawing in a robust $155 million in inflows.The cumulative inflows over the past two months account for 3.4% of its total assets under management (AUM).This investor interest in Bitcoin is thought to be connected to the prospect of a U.S. spot-based Bitcoin ETF.RelatedBitcoin Spot ETF: Wall Street Eyes $100 Billion PotentialConversely, products betting against Bitcoin have experienced outflows, with $8.5 million leaving short-Bitcoin funds last week, suggesting a bullish market sentiment for the leading cryptocurrency.The altcoin market also enjoyed an influx of funds, with Solana leading with $13.6 million, followed by Ethereum with $3.3 million and Avalanche with $1.8 million. Cardano (ADA), XRP and Litecoin have also experienced decent inflows over the past week.Varied investor appetiteWhen it comes to the regional distribution of these inflows, North American markets, particularly Canada, showed a strong appetite for crypto assets, with inflows totaling $97.7 million for the week. Germany trailed closely with $63.3 million, while Switzerland also demonstrated healthy interest with inflows of $35.4 million.Surprisingly, the United States experienced outflows of $19.2 million despite the hype surrounding the upcoming Bitcoin ETF approval.#BTC #etf #BinanceSquare

#BTC #The loudest investor chatter for months has insisted the heavyweights of the Nasdaq have been everything to the market in 2023. We hear much less about how they've done less than nothing over the past two years. Sunday is the second anniversary of the all-time closing high in both the Nasdaq Composite and Nasdaq 100 indexes, which remain 12% and 4 % underwater even after their monster gains in recent months. It's relatively rare for the Nasdaq 100 – the most easily investable part of the Nasdaq and the one most reflective of the mega-cap dominance – to enter a two-year downturn. The recent phase is the third such episode in nearly 30 years, the prior two being the gutting payback for the still-singular tech bubble and the market-wide carnage of the global financial crisis. As this plot I commissioned from YCharts shows, even at the Covid-crash low, the NDX was merely flat – and almost exactly so, on March 16, 2020 – over the prior two years. This doesn't mean the index must levitate from here, of course. But it's a reminder that with its 45% surge year to date, its near-record outperformance over the average stock and the weighting of the top six Nasdaq names within the S & P 500 up above 27%, most of the move has been a carom effect from the outsized 36% decline into its December 2022 trough. The market looks a lot less top-heavy and stingy over a two-year span, the NDX outperforming the equal-weight S & P 500 by seven percentage points compared to the 42-percentage-point advantage in 2023. QQQ RSP mountain 2021-11-17 Invesco QQQ Trust vs. Invesco S & P Equal Weight ETF Of course, the Nasdaq is simply an amplified version of the overall market, which is also in pretty rare territory sitting on slightly negative two-year performance. Citi chief investment strategist Scott Chronert points out the S & P 500's rolling two-year return "ranks in the 16 th percentile based on a 30-year look-back," which he believes explains the muted character.

#Rune #crypto Solana (SOL) has emerged as a standout performer, recently reaching a new yearly high following a staggering 13% daily surge. The blockchain network has exhibited an impressive 30-day return profile, boasting over a 170% gain. Although SOL touched a 2023 peak on Nov. 10, its price still lingers at approximately four times below its all-time high of $259.96.Notably, Solana’s meteoric rise has outpaced other major cryptocurrencies. This exceptional growth is attributed to various factors. This includes increased user activity and the success of decentralized applications (dApps) like Jito.At press time, SOL was trading at $65.40 with a 13.6% daily rise.Solana’s Surging Growth:The driving force behind Solana’s recent price surge lies in its growing user base, fueled by the success of Jito. This is a top-performing decentralized application on the SOL blockchain. The liquidity staking platform has played a pivotal role in attracting users, contributing to SOL’s daily active users hitting the 2023 high, reaching an impressive 200,000. Concurrently, SOL’s revenue has surpassed $1 million in the last 30 days, reflecting a substantial 78.2% increase.Jito’s success on the Solana blockchain has become a key catalyst for the platform’s overall growth.Cathie Wood’s Endorsement:Solana’s momentum received a notable boost when ARK Invest CEO Cathie Wood commended the network’s efficiency and cost-effectiveness. Wood, in a CNBC interview, made these statements. She praised SOL as a major infrastructure player in the broader blockchain ecosystem. She also acknowledged its commendable performance in recent market conditions. Notably, Wood highlighted Solana’s speed and cost-effectiveness, comparing it favorably to Ethereum.Wood emphasized that Solana is even faster and more cost-effective than Ethereum. She went on to underscore its potential to outperform not only traditional cryptocurrencies but also established blockchain networks.

Bitcoin Price Needs To Hold $36,400
In a subsequent post, crypto analyst Ali Martinez revealed that the Bitcoin price had finally found support at $36,400 after it recovered. However, the bulls are not entirely out of the woods as they need to maintain the $36,400 support and risk falling lower.Martinez posits that if the price were to break below $36,400, then the next significant level for demand rests at $34,300. This would mean an about 5% plunge from the current levels. But it doesn’t end there as a further plunge could take the price back to $30,200.For now, Bitcoin is holding steady above $36,600 which is a good sign. The volume has also seen a 39% increase, bringing it above the $18 billion mark, suggesting that investors took advantage of the dip to load their bags. If the excitement surrounding a possible Spot BTC ETF sustains, then the price could resume its uptrend above $37,000 soon$BTC #sol #

Bitcoin is at a long term resistance level. Many might short bitcoin here.

Will price hold? Me can't tell for sure. My hopium has been back to 50k to even retest all time high.

For my hopium to play out, what scenario bitcoin must be in so I got and can hope?

I hopium this price action of bitcoin is the start of bull run like 2020. Refer to left side of chart.

𝙽𝙰𝙰_𝙲𝚛𝚢𝚙𝚝𝚘 × 𝙰𝚕𝚙𝚑𝚊 quote:
36k 1st hit, people instant SHORT

2nd hit, more DCA SHORT

3rd hit, ALL SHORTER IS LIQUIDATE 🤔🤔#BinanceBlockchainWeek #Web3Wallet #Wintermute

#SFM #BTC #fomc #Tether Short-Term Rally Sparks Discussions Among Investors

Table of Contents

Crypto News

Bitcoin’s Short-Term Rally Sparks Discussions Among Investors

BTC Analysis from Crypto Analyst

Bitcoin’s Historical Rallies

Bitcoin Price Analysis

Bitcoin (BTC) experienced a short-term rally that pushed its price above $35,000. This surge has sparked discussions among investors about how long the upward trend will continue as BTC sets its sights on the next all-time high.

BTC Analysis from Crypto Analyst

Crypto analyst CryptoCon shared a tweet highlighting Bitcoin’s recent encounter with a rare breakout indicator and the possibility of a significant historical movement.

According to CryptoCon, this indicator, which is associated with short-term downward trends and breakouts, has only occurred for the second time in the current cycle, making it an exceptional situation.

Historically, such events have preceded significant movements in the cryptocurrency market, and some of the most notable bull runs in Bitcoin’s history have occurred after these types of movements.

This not only typically indicates good things in the short term, but also marks the beginning of all major historical movements.

The breakout indicator may not only be interpreted as a positive sign for the short term but also as an indicator for the beginning of significant historical movements in the direction of BTC.

CRYPTOCURRENCY STRATEGY & EDUCATION
Why Should Anyone Invest in Crypto?

The blockchain technology underlying bitcoin and other cryptocurrencies has been hailed as a potential gamechanger for a large number of industries, from shipping and supply chains to banking and healthcare. By removing intermediaries and trusted actors from computer networks, distributed ledgers can facilitate new types of economic activity that were not possible before.

This potential makes for an attractive investment to people who believe in the future of digital currencies. For people who believe in that promise, investing in cryptocurrency represents a way to earn high returns while supporting the future of technology.

#BTC #lastpass #tia #etf #strk

Nearly 40 million Bitcoin addresses now in profit

According to on-chain analytics firm Glassnode, as of October 30th, the number of Bitcoin addresses in profit reached a historic high of 39.1 million. This milestone surpasses the previous peak of 38.1 million recorded in November 2021 when Bitcoin was trading at its all-time highs.

Interestingly, this surge in profitable addresses has occurred even though Bitcoin’s spot price remains significantly lower than its peak levels. The total number of non-zero balance Bitcoin addresses is currently 48.3 million, suggesting that nearly 81.1% of these addresses are in profit – a level not seen in the past 18 months.
This shift towards profitability has been swift, with the percentage of in-profit addresses surging from 60% to 80% over the last two months. On the flip side, the number of addresses at a loss has decreased to just over 9 million, a significant drop from over 20 million recorded in December 2022, post the FTX meltdown.

The past week has seen Bitcoin’s price action break through multiple resistance levels, returning both long-term and short-term holders to profit. This has triggered profit-taking, particularly as Bitcoin surpassed the $34,000 mark.

James Van Straten, a research and data analyst at CryptoSlate, highlighted the difference in mentality between different types of investors. He noted, “Bitcoin has shown remarkable strength above $34k for the past five days while witnessing one of the strongest profit-takings in the past two years, from short-term holders.”
...#BTC #lastpass #strk #SHIB #unibot

Can you make passive income in both bull and bear crypto market? Yeah you can but the question is incomplete, you haven’t mentioned the amount of investment you did or willing to do. First of all there is a difference between trading and investment in crypto. When it comes to trading you should know all the trading patterns, how to read the graphs, daily updates and be well aware about the risks involved in Crypto space.

You can make good money or you can be the victim of rug pull if you take blind advice without doing your own research. Don’t depend on anyone for investment recommendations blindly, always do your research before investing. By selecting the right project and with good trading knowledge you can definitely make good amount for living. Although it looks easy but it’s not that simple, keep in mind its equally stressful.

Don’t do panic sell or fall for FOMO and lastly just DYOR.

If you like the answer do give an Upvote and Follow me, also join me on i•G (LINK is in my BIO)if you want to learn more about which crypto projects are doing well and has great future potential

A bull market occurs when security prices rise persistently over a period of time. If a market index rises an average of 20% or more over two months, the pros consider the trend to indicate a bull market.
Bull markets are accompanied by periods of economic growth and optimism among investors.Another strategy many crypto investors employ is dollar-cost averaging, in which you'd invest a set amount of money (say $50) every week or month, whether the asset is rising or falling. This distributes your risk and allows you to invest through bull and bear markets alike

Are you tired of getting near zero interest rate with a traditional bank?

How about earning 3-12% returns on your investment annually?

Let me introduce you to jennywilsonfx, a crypto lending platform.

It’s one of the few crypto companies that has the potential to disrupt traditional banking.

Simply deposit your Bitcoin or altcoins into your jennywilsonfx platform, sit back and relax, and wait for the money to start rolling in.

Putting your funds into jennywilsonfx Savings account and reap larger returns is completely passive.

What’s great, jennywilsonfx offer some of the highest interest rates on the market.You can get 12% in stablecoins and up to 8% in other crypto. This extremely high interest rate is seemingly unavailable elsewhere.

The US economy grew at its fastest pace in nearly two years during the past three months, once again defying predictions for a slowdown as many expected the Federal Reserve's monetary tightening to constrain the American consumer.

The Bureau of Economic Analysis's advance estimate of third quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 4.9% during the period, faster than consensus forecasts. Economists surveyed by Bloomberg estimated the US economy grew at an annualized pace of 4.5% during the period.

The reading came in higher than second quarter GDP, which was revised down to 2.1%.

The GDP release highlights the resilience of the US consumer despite ongoing concerns of a slowdown. But many economists see this as the high-water mark for economic growth before the credit tightening induced by the Federal Reserve's interest rate hikes and the recent rise in bond yields grabs hold of business development and consumer spending.

"Factoring tighter credit conditions, the restart of student loan payments, uncertainty regarding the lagged impact of monetary policy and a fragile global economic backdrop, real GDP growth is likely to drift below trend for several quarters," EY chief economist Greg Daco wrote in a research note prior to Thursday's release. "We foresee real GDP growing a muted 1.4% in 2024 following expected growth of 2.4% in 2023."

The key question for investors will be if the Fed has already tightened enough to bring the economy down from its hot third quarter, as Federal Reserve Chair Jerome Powell recently noted the central bank will need to see slower economic activity to ensure prices continue to cool.

REACH OUT TO HER on i•G AS JENNYWILSONFX FOR PROPER GUIDANCE ON HOW TO MAKE PASSIVE INCOME WITH CRYPTOCURRENCY

The evolving world of crypto has witnessed recent market volatility that has influenced the surge of various cryptocurrencies, including memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE). Despite the major currencies like Bitcoin (BTC) and Ethereum (ETH) battling for supremacy in the crypto space as they experience surges in their prices, it’s evident that their influence has created a spillover to other altcoins.

Recent market data show that both DOGE and SHIB have experienced a surge of over 5% in their prices following the current market bull rally. This has come as a surprise based on the backdrop of crypto traders in the memecoins. As such, this can be attributed to traders embracing riskier investments.

Shiba Inu’s (SHIB) and Dogecoin’s DOGE market gain
These two popular memecoins have shown records of underperforming major cryptos in the past week, as they recorded a 9% gain in their market value. This was a 24-hour gain that suggested that crypto trades are betting on riskier assets on Bitcoin’s back based on its recent market dominance and outperformance.

The sudden increase in the memecoin market prices can only be linked to Bitcoin’s bull rally that came after a long consolidation period since late last year. This is the only explanation for the surge in Dogecoin’s and Shiba Inu’s prices since no related macroeconomic events directly influence the coins.

Bitcoin’s increased price has come as a result of the growing interest in spot Bitcoin exchange-traded funds (ETFs) that have seen its price bump up by 30% in the past weeks. This surge affected other digital assets, including Ethereum, Solana, and XRP. Combined, all these three assets recorded a 40% total gain.

However, Dogecoin and Shiba Inu added a 15% gain over the same period. Still, compared to other crypto assets in the market, these memecoins underperformed other majors regardless of being highly volatile.

Reach out to her on i•G as JENNYWILSONFX

Bullish Pennant Forming
However, the charts might be suggesting that bitcoin hasn’t finished its rally quite yet. Bitcoin is holding nicely above its long term channel and for the shorter time frame a bullish pennant has been forming over the last couple of days.

As can be seen in the image above, the bitcoin price has respected the top and bottom edges of the pennant, and at least three touches have been made at the top and bottom. A measured move to the upside, if this is indeed where bitcoin breaks out, would see a possible move to $40,000.

At time of going to press, bitcoin has made another touch to the bottom of the bull pennant and is heading back to the top. Given that bitcoin is running out of room in the pennant, a breakout should come later today or potentially on Friday.

REACH OUT TO JENNYWILSONFX ON I•G for proper guidance ...

i'm much more confident with crypto than with banks or fiat currency because i can actually control it, and the money supply is transparent started up front, it makes online shopping a lot easier and a lot safer.

KINDLY SHARE YOUR THOUGH