Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistan | crYpto_mizan on Binance Square

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27 Jul 2023

Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistance Level – How High Can BTC Go This Week?

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#TradingAnalysis101 How High Can Pi Network Price Go If Listed on Binance? Pi Network (PI) price is experiencing a notable surge despite a broader crypto market decline. Over the past 24 hours, PI has risen 5%, defying the downturn. Market volatility has surrounded Pi Network, with wild price swings sparking debates about its future. Despite uncertainties, many investors remain confident in its potential. Since its listing on multiple Pi exchanges on February 20, PI has shown high volatility. Investors are closely watching for a potential Binance listing, which could further impact its price. The anticipation of a major exchange listing continues to drive speculation, keeping PI in focus despite ongoing market fluctuations If Listed On Binance, How High Can Pi Network Price Go? Pi Network recently gained attention after Binance held a community vote from February 17 to February 27 for its potential listing. Verified users with at least $5 in assets participated via Binance Square. The vote ended with 86% of 294,955 voters supporting the listing. However, Binance stated that the results were “for reference,” leading to uncertainty within the community. On March 8, Binance introduced a new co-governance mechanism for token listings and delistings. This system allows the community to provide input on future listings. Binance acknowledged receiving suggestions from users and announced updates to its listing process following evaluations. The Pi Network community remains optimistic about a potential listing under the new framework. Currently, Pi Network is listed on major exchanges such as OKX, Bitget, MEXC, and Gate.io. However, tier-1 platforms like Binance, Coinbase, Upbit, Crypto.com, and Kraken have yet to add the token Pi Network’s market capitalization stands at $9.85 billion, securing the 11th position in global rankings. Its price movement remains closely watched as speculation continues regarding a possible Binance listing. The exchange’s updated approach may influence the token’s future accessibility and valuation

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Bitcoin analysts warn of $95K ‘bear trap’ despite record $102K monthly close Bitcoin may be headed to a “bear trap” below $95,000 despite staging its first monthly close above $100,000 Bitcoin BTC $98,300 fell below the $100,000 psychological mark on Feb. 2 for the first time since Jan. 27 Cointelegraph Markets Pro data shows The decline comes amid inflation concerns after President Donald Trump imposed import tariffs on goods from China,Canada and Mexico However the dip could be the start of a wider correction, potentially taking Bitcoin to $95,000, according to Ryan Lee chief analyst at Bitget Research On the downside, the $95,000 range remains a critical support area. The interplay between labor market trends, Fed policy expectations, and market sentiment will be the main catalysts to monitor in the coming weeks,Lee told Cointelegraph However, Bitcoin could see more upside in February if next week’s labor market data points to a sluggish economy,added the analyst The US Bureau of Labor Statistics is set to publish its US labor market report on Feb. 7 Weakening labor market data may strengthen the case for a rate cut by the Federal Reserve, which creates a more supportive environment for Bitcoin according to Lee Bitcoin secures record monthly close above $102,000 However, Bitcoin recorded its first monthly close above $100,000 in crypto history in January Bitcoin closed the month above $102,412 which is over 6% higher than its previous record monthly close of 96,441 registered in November 2024 Some analysts believe that Bitcoin’s current correction may only be a bear trap, including popular crypto analyst Sensei, who shared the below chart in a Feb 2 X post Despite the potential for a short-term correction, Bitcoin’s prospects remain bullish for the rest of 2025, especially after spot Bitcoin exchange-traded funds ETF surpassed a record $125 billion milestone just over a year after they first debuted for trading in the US on Jan. 11, 2024 Analyst predictions for the rest of the 2025 market cycle range from $160,000 to above $180,000

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Ethereum trader earns $16M as ETH price falls to $3K A savvy cryptocurrency trader has made nearly $16 million by capitalizing on Ether’s price decline. The trader generated $15.7 million worth of unrealized profit on a leveraged Ether ETH $3,057 short position, which involves “borrowing” the underlying cryptocurrency from a broker, selling it at the current price and then repurchasing it once the price falls — a strategy used by traders to bet on the price decline of an asset The trader opened the 50x leveraged short position when ETH traded at $3,388, with a liquidation threshold of $4,645, Hypurrscan data shows The trader earned an additional $2.3 million worth of funding fees on their leveraged position. While leveraged trading can potentially increase returns, it can significantly amplify downside risks and lead to the loss of the initial investment In January 2024, a pseudonymous trader lost over $161,000 worth of funds in a single trade after being liquidated on a leveraged position, illustrating the risks of leveraged trading.

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