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Bitcoin Surpasses $87,000 Despite Minor 2.43% Decline
Bitcoin (BTC) has crossed the $87,000 mark, demonstrating resilience despite a 2.43% decrease in the past 24 hours. This price movement reflects strong market support, even as short-term traders take profits.
Key Factors Behind BTC’s Surge
Institutional Demand – Increased interest from major financial firms and Bitcoin ETFs continues to drive liquidity into the market.
Pre-Halving Momentum – With Bitcoin’s next halving event approaching, historical patterns suggest growing investor optimism.
Macroeconomic Factors – Market anticipation of Federal Reserve interest rate cuts is fueling demand for risk assets like BTC.
Supply Constraints – Reduced exchange reserves indicate more investors are holding Bitcoin long-term, limiting selling pressure.
Market Implications
Short-Term Volatility Expected – As BTC stabilizes above $87,000, traders should watch for potential corrections before a retest of $90,000.
Broader Crypto Market Impact – Altcoins typically follow BTC’s trend, meaning continued strength in Bitcoin could support further rallies in Ethereum and other major cryptocurrencies.
Investor Sentiment – The dip remains minor, signaling strong confidence in BTC’s long-term bullish outlook.
Despite the slight pullback, Bitcoin’s ability to hold above $87,000 reinforces its position as the leading digital asset, with analysts eyeing $90,000 and beyond in the coming weeks.
#BTC #btcupdates #TrendingTopic #Write2Earn #BinanceAlphaAlert
$BTC
Bitcoin (BTC) has crossed the $87,000 mark, demonstrating resilience despite a 2.43% decrease in the past 24 hours. This price movement reflects strong market support, even as short-term traders take profits.
Key Factors Behind BTC’s Surge
Institutional Demand – Increased interest from major financial firms and Bitcoin ETFs continues to drive liquidity into the market.
Pre-Halving Momentum – With Bitcoin’s next halving event approaching, historical patterns suggest growing investor optimism.
Macroeconomic Factors – Market anticipation of Federal Reserve interest rate cuts is fueling demand for risk assets like BTC.
Supply Constraints – Reduced exchange reserves indicate more investors are holding Bitcoin long-term, limiting selling pressure.
Market Implications
Short-Term Volatility Expected – As BTC stabilizes above $87,000, traders should watch for potential corrections before a retest of $90,000.
Broader Crypto Market Impact – Altcoins typically follow BTC’s trend, meaning continued strength in Bitcoin could support further rallies in Ethereum and other major cryptocurrencies.
Investor Sentiment – The dip remains minor, signaling strong confidence in BTC’s long-term bullish outlook.
Despite the slight pullback, Bitcoin’s ability to hold above $87,000 reinforces its position as the leading digital asset, with analysts eyeing $90,000 and beyond in the coming weeks.
#BTC #btcupdates #TrendingTopic #Write2Earn #BinanceAlphaAlert
$BTC
Bitcoin’s Current Market Sentiment: Bullish or Bearish?
Bitcoin (BTC) remains the center of attention as traders and investors assess whether the leading cryptocurrency is gearing up for a bullish breakout or facing a bearish downturn. A recent article titled "Is BTC Bullish or Bearish?" analyzes Bitcoin’s recent performance, highlighting key indicators that could determine its next move.
Key Market Indicators:
Price Action & Resistance Levels – BTC has been testing crucial resistance levels around $50,000 - $55,000, with a breakout potentially signaling a strong upward trend. Conversely, a failure to hold $45,000 support could lead to a correction.
On-Chain Metrics – Rising Bitcoin accumulation by whales and institutions suggests confidence in long-term growth, while increased exchange inflows could indicate upcoming sell pressure.
Macroeconomic Factors – Inflation data, Federal Reserve policies, and global economic conditions continue to influence BTC’s price movement. A dovish Fed stance may fuel a rally, while tightening measures could trigger short-term volatility.
Market Sentiment & Fear-Greed Index – Currently, sentiment leans neutral to slightly bullish, as the Fear and Greed Index hovers around 60, indicating optimism but also caution among investors.
What’s Next for Bitcoin?
If BTC breaks through resistance and maintains momentum, analysts predict a potential surge toward $60,000 and beyond. However, if sell-offs intensify, Bitcoin could retrace to lower support levels. Traders should watch volume trends, institutional activity, and macroeconomic shifts to gauge the market’s next direction.
While uncertainty remains, Bitcoin’s long-term fundamentals appear strong. Will BTC push higher or face another correction? The coming weeks could be decisive.
#BTC #BinanceSquareFamily #TrendingTopic #BinanceAlphaAlert #btcupdates
$BTC
Bitcoin (BTC) remains the center of attention as traders and investors assess whether the leading cryptocurrency is gearing up for a bullish breakout or facing a bearish downturn. A recent article titled "Is BTC Bullish or Bearish?" analyzes Bitcoin’s recent performance, highlighting key indicators that could determine its next move.
Key Market Indicators:
Price Action & Resistance Levels – BTC has been testing crucial resistance levels around $50,000 - $55,000, with a breakout potentially signaling a strong upward trend. Conversely, a failure to hold $45,000 support could lead to a correction.
On-Chain Metrics – Rising Bitcoin accumulation by whales and institutions suggests confidence in long-term growth, while increased exchange inflows could indicate upcoming sell pressure.
Macroeconomic Factors – Inflation data, Federal Reserve policies, and global economic conditions continue to influence BTC’s price movement. A dovish Fed stance may fuel a rally, while tightening measures could trigger short-term volatility.
Market Sentiment & Fear-Greed Index – Currently, sentiment leans neutral to slightly bullish, as the Fear and Greed Index hovers around 60, indicating optimism but also caution among investors.
What’s Next for Bitcoin?
If BTC breaks through resistance and maintains momentum, analysts predict a potential surge toward $60,000 and beyond. However, if sell-offs intensify, Bitcoin could retrace to lower support levels. Traders should watch volume trends, institutional activity, and macroeconomic shifts to gauge the market’s next direction.
While uncertainty remains, Bitcoin’s long-term fundamentals appear strong. Will BTC push higher or face another correction? The coming weeks could be decisive.
#BTC #BinanceSquareFamily #TrendingTopic #BinanceAlphaAlert #btcupdates
$BTC
🔴 $BTC Liquidation Alert - Long Position Liquidated: $337K at $88,376.80 🚨💰
📉 Market Moves: A major liquidation has just hit! 🚨 A $337K long position was wiped out at $88,376.80!
🔍 What Does This Mean for Traders?
⚠️ When liquidations like this happen, it shakes the market and creates volatility. If you're holding long positions, stay alert! 🚀📊
🔥 Pro Tip for Traders: Always have your risk management strategies in place. 📈 Stay ahead of the curve and protect your assets! 🔒
🔗 Follow for more real-time updates & smart trading tips! 💡
#CryptoMarket #BTCUpdates #RiskManagement #CryptoTrading #Blockchain
📉 Market Moves: A major liquidation has just hit! 🚨 A $337K long position was wiped out at $88,376.80!
🔍 What Does This Mean for Traders?
⚠️ When liquidations like this happen, it shakes the market and creates volatility. If you're holding long positions, stay alert! 🚀📊
🔥 Pro Tip for Traders: Always have your risk management strategies in place. 📈 Stay ahead of the curve and protect your assets! 🔒
🔗 Follow for more real-time updates & smart trading tips! 💡
#CryptoMarket #BTCUpdates #RiskManagement #CryptoTrading #Blockchain
Bitcoin Holds Strong Above $96,900 Amid Market Optimism
As of February 20, 2025, Bitcoin is trading at approximately $96,907.10, marking a slight increase from the previous day's close of $96,537.28. The steady upward momentum reflects growing investor confidence as Bitcoin continues to solidify its position in the market.
With the highly anticipated Bitcoin halving set for April 2024, supply constraints are expected to further drive demand. Additionally, institutional interest remains high, with more companies and investment funds integrating Bitcoin into their portfolios.
As Bitcoin approaches the crucial $100,000 psychological barrier, analysts are closely watching price movements, with some forecasting a surge toward $200,000 by the end of 2025. Whether Bitcoin can maintain its bullish trajectory remains to be seen, but current trends suggest continued strength in the market.
#BTC #btcupdates #Write2Earn #TrendingTopic #BinanceSquareFamily
$BTC
As of February 20, 2025, Bitcoin is trading at approximately $96,907.10, marking a slight increase from the previous day's close of $96,537.28. The steady upward momentum reflects growing investor confidence as Bitcoin continues to solidify its position in the market.
With the highly anticipated Bitcoin halving set for April 2024, supply constraints are expected to further drive demand. Additionally, institutional interest remains high, with more companies and investment funds integrating Bitcoin into their portfolios.
As Bitcoin approaches the crucial $100,000 psychological barrier, analysts are closely watching price movements, with some forecasting a surge toward $200,000 by the end of 2025. Whether Bitcoin can maintain its bullish trajectory remains to be seen, but current trends suggest continued strength in the market.
#BTC #btcupdates #Write2Earn #TrendingTopic #BinanceSquareFamily
$BTC
#BTC
Time to finally fill the November #CME Gap? 🤔
Ngl this Double Top looks HORRENDOUS!
#TraderProfile #btcupdates #btcnews99 #MarketLiquidation $BTC
Time to finally fill the November #CME Gap? 🤔
Ngl this Double Top looks HORRENDOUS!
#TraderProfile #btcupdates #btcnews99 #MarketLiquidation $BTC
Today's Key Market Updates – Stay Ahead of the Game
$DOGE
📣 Breaking News: Major Global Developments
Visa and Mastercard Return to Russia? 🇷🇺 According to reports from the Russian State Duma, both Visa and Mastercard are in discussions to resume their payment services in Russia. This could potentially ease financial transactions in the region after months of suspension.Elon Musk's Bold Moves 🇺🇸:DOGE Audit Announcement: Elon Musk’s DOGE is set to audit the Securities and Exchange Commission (SEC) over alleged issues related to fraud, abuse, and waste.Gold Reserves Inquiry: Musk also calls for a full audit of the US gold reserves at Fort Knox, requesting transparency on whether the gold is still in place and accessible to the American public.$4.7 Trillion Treasury Payments: Musk's DOGE statement warns that tracking $4.7 trillion in US Treasury payments is almost impossible, highlighting concerns over transparency.$BTC Argentina's President Addresses Crypto Scam Allegations 🇦🇷: In response to recent controversy, President Javier Milei clarified that he did not endorse a crypto scam but only shared it, addressing growing concerns about the LIBRA token project.OpenAI News: OpenAI is reportedly in negotiations to open-source their latest large language model, paving the way for broader access to cutting-edge AI technology.Jack Dorsey – Satoshi Nakamoto Theory 🚨: A new theory proposes that Jack Dorsey, Twitter’s co-founder, may actually be Satoshi Nakamoto. The theory points to his cryptography knowledge, the timing of Bitcoin's launch, and his IRC login location matching that of Satoshi’s in 2009.Texas Senate Bitcoin Initiative 🇺🇸: On February 18, the Texas Senate will hold a public hearing to explore the potential creation of a Strategic Bitcoin Reserve, signaling state-level interest in digital assets.Meteora Controversy 💥: Following community backlash over questionable meme coin deals, Meteora's founder has stepped down, amid growing scrutiny in the crypto community.FTX Debt Repayment 💰: FTX is set to begin a $16 billion creditor repayment process today, with the first phase distributing $6.5-$7 billion based on November 2022 asset prices.California’s Big Bet on Crypto 🇺🇸: The state of California has allocated $41 million in pension funds toward Strategy₿, signaling growing institutional interest in cryptocurrency.
Crypto Market Sentiment
Crypto Fear and Greed Index: At 47, the index reflects a neutral sentiment in the market, suggesting that investors are cautious but not panicking.BTC Price Update: Bitcoin continues to hold steady at $95,767, showing resilience despite global uncertainty.
Key Takeaways
The market continues to experience a mix of geopolitical events, regulatory actions, and institutional movements, all of which are shaping the landscape of both traditional and digital finance. As developments unfold, keeping an eye on these updates is crucial for navigating the crypto space and making informed investment decisions.
#CryptoNews #BTCUpdates #Geopolitics #DOGE #Musk
📣 Breaking News: Major Global Developments
Visa and Mastercard Return to Russia? 🇷🇺 According to reports from the Russian State Duma, both Visa and Mastercard are in discussions to resume their payment services in Russia. This could potentially ease financial transactions in the region after months of suspension.Elon Musk's Bold Moves 🇺🇸:DOGE Audit Announcement: Elon Musk’s DOGE is set to audit the Securities and Exchange Commission (SEC) over alleged issues related to fraud, abuse, and waste.Gold Reserves Inquiry: Musk also calls for a full audit of the US gold reserves at Fort Knox, requesting transparency on whether the gold is still in place and accessible to the American public.$4.7 Trillion Treasury Payments: Musk's DOGE statement warns that tracking $4.7 trillion in US Treasury payments is almost impossible, highlighting concerns over transparency.$BTC Argentina's President Addresses Crypto Scam Allegations 🇦🇷: In response to recent controversy, President Javier Milei clarified that he did not endorse a crypto scam but only shared it, addressing growing concerns about the LIBRA token project.OpenAI News: OpenAI is reportedly in negotiations to open-source their latest large language model, paving the way for broader access to cutting-edge AI technology.Jack Dorsey – Satoshi Nakamoto Theory 🚨: A new theory proposes that Jack Dorsey, Twitter’s co-founder, may actually be Satoshi Nakamoto. The theory points to his cryptography knowledge, the timing of Bitcoin's launch, and his IRC login location matching that of Satoshi’s in 2009.Texas Senate Bitcoin Initiative 🇺🇸: On February 18, the Texas Senate will hold a public hearing to explore the potential creation of a Strategic Bitcoin Reserve, signaling state-level interest in digital assets.Meteora Controversy 💥: Following community backlash over questionable meme coin deals, Meteora's founder has stepped down, amid growing scrutiny in the crypto community.FTX Debt Repayment 💰: FTX is set to begin a $16 billion creditor repayment process today, with the first phase distributing $6.5-$7 billion based on November 2022 asset prices.California’s Big Bet on Crypto 🇺🇸: The state of California has allocated $41 million in pension funds toward Strategy₿, signaling growing institutional interest in cryptocurrency.
Crypto Market Sentiment
Crypto Fear and Greed Index: At 47, the index reflects a neutral sentiment in the market, suggesting that investors are cautious but not panicking.BTC Price Update: Bitcoin continues to hold steady at $95,767, showing resilience despite global uncertainty.
Key Takeaways
The market continues to experience a mix of geopolitical events, regulatory actions, and institutional movements, all of which are shaping the landscape of both traditional and digital finance. As developments unfold, keeping an eye on these updates is crucial for navigating the crypto space and making informed investment decisions.
#CryptoNews #BTCUpdates #Geopolitics #DOGE #Musk
BTC next move soon market bullish follow me for more update ( kal Meri pi kyc wali post remove Krdi Binance ny why) 🙂#BTC #solana #btcupdates #btcdumping
Bitcoin’s Recent Price Decline: What’s Behind the Drop?
Bitcoin has recently faced a 0.5% decline, trading at $95,507, marking a 14% decrease from its peak on January 20, the day of President Donald Trump’s inauguration. This downturn has left many investors wondering what’s behind the dip and whether it signals a larger trend.
Factors Contributing to the Decline
Macroeconomic Factors: Rising inflation and higher borrowing costs are making traditional, safer assets more attractive compared to riskier assets like Bitcoin. As inflation grows, investors may move away from volatile assets to preserve their wealth.
Regulatory Uncertainty: The administration’s vague stance on cryptocurrency has led to market uncertainty. Potential regulation and lack of clarity about the future of digital assets are weighing on Bitcoin’s price.
Market Sentiment: As Bitcoin's price rises, it often attracts profit-taking behavior from short-term traders, further contributing to price corrections.
What Does This Mean for Investors?
While the recent decline raises concerns, Bitcoin's strong fundamentals and its continued adoption as a store of value keep it in focus for long-term investors. However, market conditions may remain volatile as investors digest macroeconomic changes and potential regulatory developments. Traders should remain cautious and watch for key price levels to assess whether the decline is a short-term fluctuation or the start of a larger trend.
#BTC #btcupdates #Write2Earn #TrendingTopic #BinanceSquareFamily
$BTC
Bitcoin has recently faced a 0.5% decline, trading at $95,507, marking a 14% decrease from its peak on January 20, the day of President Donald Trump’s inauguration. This downturn has left many investors wondering what’s behind the dip and whether it signals a larger trend.
Factors Contributing to the Decline
Macroeconomic Factors: Rising inflation and higher borrowing costs are making traditional, safer assets more attractive compared to riskier assets like Bitcoin. As inflation grows, investors may move away from volatile assets to preserve their wealth.
Regulatory Uncertainty: The administration’s vague stance on cryptocurrency has led to market uncertainty. Potential regulation and lack of clarity about the future of digital assets are weighing on Bitcoin’s price.
Market Sentiment: As Bitcoin's price rises, it often attracts profit-taking behavior from short-term traders, further contributing to price corrections.
What Does This Mean for Investors?
While the recent decline raises concerns, Bitcoin's strong fundamentals and its continued adoption as a store of value keep it in focus for long-term investors. However, market conditions may remain volatile as investors digest macroeconomic changes and potential regulatory developments. Traders should remain cautious and watch for key price levels to assess whether the decline is a short-term fluctuation or the start of a larger trend.
#BTC #btcupdates #Write2Earn #TrendingTopic #BinanceSquareFamily
$BTC
Bitcoin Price Rally to $75,000 Imminent Due to Massive Cup and Handle Pattern
Bitcoin (BTC) has sparked optimism among traders, with technical analysis indicating that a price rally to $75,000 could be on the horizon. The key pattern driving this bullish sentiment is the "Cup and Handle," a chart formation that suggests a potential upward breakout.
This pattern is characterized by a rounded bottom (the cup) followed by a consolidation phase (the handle). As Bitcoin completes the formation of the handle, analysts believe it is setting the stage for a significant price surge. If Bitcoin manages to break through the resistance at around $65,000, it could trigger a rapid move toward the $75,000 level.
While this technical setup suggests strong upward potential, market conditions, including global financial factors and investor sentiment, will ultimately play a crucial role in determining Bitcoin's price direction. Investors are watching closely for any confirmation of the breakout to capitalize on the potential rally.
#BTC #btcupdates #Write2Earn #TrendingTopic #BinanceSquareFamily
$BTC
$
Bitcoin (BTC) has sparked optimism among traders, with technical analysis indicating that a price rally to $75,000 could be on the horizon. The key pattern driving this bullish sentiment is the "Cup and Handle," a chart formation that suggests a potential upward breakout.
This pattern is characterized by a rounded bottom (the cup) followed by a consolidation phase (the handle). As Bitcoin completes the formation of the handle, analysts believe it is setting the stage for a significant price surge. If Bitcoin manages to break through the resistance at around $65,000, it could trigger a rapid move toward the $75,000 level.
While this technical setup suggests strong upward potential, market conditions, including global financial factors and investor sentiment, will ultimately play a crucial role in determining Bitcoin's price direction. Investors are watching closely for any confirmation of the breakout to capitalize on the potential rally.
#BTC #btcupdates #Write2Earn #TrendingTopic #BinanceSquareFamily
$BTC
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Floki Inu ($FLOKI) USDT Analysis & Future Price Forecast 💯💵 As of December 25, 2024, Floki Inu ($
Floki Inu ($FLOKI) USDT Analysis & Future Price Forecast 💯💵
As of December 25, 2024, Floki Inu ($FLOKI) is trading at approximately $0.00018081, with a robust 24-hour trading volume of around $236 million and a market cap standing at $1.75 billion.
Recent Price Movement
Over the last 24 hours, FLOKI has experienced a modest decline of approximately 2.20%, reflecting typical market fluctuations.
Future Price Predictions
Here’s what analysts anticipate for FLOKI's performance:
Short-Term (January 2025)
FLOKI is projected to potentially reach $0.002594, marking a substantial surge from its current price if favorable conditions prevail.
Mid-Term (End of 2025)
Forecasts suggest a price range of $0.032191 to $0.05, contingent on market sentiment, community growth, and broader crypto adoption.
Long-Term (By 2030)
Speculative projections place FLOKI’s price as high as $0.08, though long-term predictions should be approached with caution due to inherent market unpredictability.
Stay Updated on Market Moves
With FLOKI’s growing popularity and its potential to ride the wave of meme coin enthusiasm, it remains a token to watch in both short and long-term horizons.
Join the Discussion:
💡 What’s your price prediction for FLOKI in the next bull run?
🔔 Follow for real-time updates and insights!
#CryptoAnalysis #FLOKIPricePrediction #BinanceAlphaAlert #BTCUpdates
As of December 25, 2024, Floki Inu ($FLOKI) is trading at approximately $0.00018081, with a robust 24-hour trading volume of around $236 million and a market cap standing at $1.75 billion.
Recent Price Movement
Over the last 24 hours, FLOKI has experienced a modest decline of approximately 2.20%, reflecting typical market fluctuations.
Future Price Predictions
Here’s what analysts anticipate for FLOKI's performance:
Short-Term (January 2025)
FLOKI is projected to potentially reach $0.002594, marking a substantial surge from its current price if favorable conditions prevail.
Mid-Term (End of 2025)
Forecasts suggest a price range of $0.032191 to $0.05, contingent on market sentiment, community growth, and broader crypto adoption.
Long-Term (By 2030)
Speculative projections place FLOKI’s price as high as $0.08, though long-term predictions should be approached with caution due to inherent market unpredictability.
Stay Updated on Market Moves
With FLOKI’s growing popularity and its potential to ride the wave of meme coin enthusiasm, it remains a token to watch in both short and long-term horizons.
Join the Discussion:
💡 What’s your price prediction for FLOKI in the next bull run?
🔔 Follow for real-time updates and insights!
#CryptoAnalysis #FLOKIPricePrediction #BinanceAlphaAlert #BTCUpdates
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Analysis on the weekly timeframe shows a clearer picture of the structure and potential movement of Ethereum. #ETH/USDT #ethurum #btcupdates #Ethereum #BitcoinETFs
There are two main patterns formed:
Channel Up - The main pattern with an increase target of up to the level of $ 8,369. Symmetrical Triangle - A secondary pattern that is currently in the resistance area around $ 3,789.
If the price manages to break through the resistance of $ 3,789 convincingly (breakout), the bullish momentum is projected to continue, bringing ETHUSD to a new all-time high at the level of $ 8,369. However,
if this resistance is strong enough to hold back the bullish rate, a quick correction has the potential to occur to the support level of $ 2,467, which is the basis of the symmetrical triangle pattern.
After testing the support, the potential for a rebound is still open, with a target increase back to the symmetrical triangle projection at the level of $ 8,369.
Market players are advised to monitor price action, breakout confirmation, and volume dynamics to ensure the validity of this pattern. Remain disciplined in implementing risk management, considering that ETHUSD is at crucial levels that determine the direction of further movement.
There are two main patterns formed:
Channel Up - The main pattern with an increase target of up to the level of $ 8,369. Symmetrical Triangle - A secondary pattern that is currently in the resistance area around $ 3,789.
If the price manages to break through the resistance of $ 3,789 convincingly (breakout), the bullish momentum is projected to continue, bringing ETHUSD to a new all-time high at the level of $ 8,369. However,
if this resistance is strong enough to hold back the bullish rate, a quick correction has the potential to occur to the support level of $ 2,467, which is the basis of the symmetrical triangle pattern.
After testing the support, the potential for a rebound is still open, with a target increase back to the symmetrical triangle projection at the level of $ 8,369.
Market players are advised to monitor price action, breakout confirmation, and volume dynamics to ensure the validity of this pattern. Remain disciplined in implementing risk management, considering that ETHUSD is at crucial levels that determine the direction of further movement.
Bitcoin Could Hit $48K in Days, Propelled by Historic Chinese New Year Gains 🎎
Bitcoin targets $48,000 in the short term fueled by a strong historic track record around the Chinese New Year, 10X Research's Markus Thielen said.
BTC could hit $52,000 by mid-March with the bull run peaking in 2025, Thielen added.
Bitcoin (BTC) is headed towards $48,000 in the short term after its breakout fueled by a strong track record of gains around the Chinese New Year celebration, according to Markus Thielen, head of research at Matrixport and founder of 10x Research.
"The next few days are of paramount statistical importance as bitcoin tends to rally by +11% around Chinese New Year, starting on February 10 (Saturday)," Thielen wrote in a Thursday report. "During the last 9 years, Bitcoin has been up every time traders would have bought bitcoin 3 days before and sold it ten days after the start of the Chinese New Year."
The largest crypto by market capitalization surged past $45,000 Thursday after yesterday clearing a key resistance level around $44,000, which had been capping prices since the spot ETFs began trading in the U.S. about four weeks ago.
Thielen described the breakout as "very important" in that it marked the end of a corrective period that saw BTC decline to $38,500 in late January. "This opens the door to our shorter-term target of $48,000," Thielen added.
Bitcoin to $52,000 by mid-March
Looking further ahead, Thielen forecasted further upside for bitcoin based on Elliott Wave theory, a technical analysis that assumes that prices move in repetitive wave patterns. Price trends develop in five stages, according to the theory, of which waves 1, 3, and 5 are "impulse waves" representing the main trend. Waves 2 and 4 are retracements between the impulsive price action. BTC completed its wave 4 retracement by correcting to $38,500, according to Thielen, and has now entered its last, fifth impulsive stage of this uptrend targeting $52,000 by mid-March.
#Write2Earn #TradeNTell #btcupdates
Bitcoin targets $48,000 in the short term fueled by a strong historic track record around the Chinese New Year, 10X Research's Markus Thielen said.
BTC could hit $52,000 by mid-March with the bull run peaking in 2025, Thielen added.
Bitcoin (BTC) is headed towards $48,000 in the short term after its breakout fueled by a strong track record of gains around the Chinese New Year celebration, according to Markus Thielen, head of research at Matrixport and founder of 10x Research.
"The next few days are of paramount statistical importance as bitcoin tends to rally by +11% around Chinese New Year, starting on February 10 (Saturday)," Thielen wrote in a Thursday report. "During the last 9 years, Bitcoin has been up every time traders would have bought bitcoin 3 days before and sold it ten days after the start of the Chinese New Year."
The largest crypto by market capitalization surged past $45,000 Thursday after yesterday clearing a key resistance level around $44,000, which had been capping prices since the spot ETFs began trading in the U.S. about four weeks ago.
Thielen described the breakout as "very important" in that it marked the end of a corrective period that saw BTC decline to $38,500 in late January. "This opens the door to our shorter-term target of $48,000," Thielen added.
Bitcoin to $52,000 by mid-March
Looking further ahead, Thielen forecasted further upside for bitcoin based on Elliott Wave theory, a technical analysis that assumes that prices move in repetitive wave patterns. Price trends develop in five stages, according to the theory, of which waves 1, 3, and 5 are "impulse waves" representing the main trend. Waves 2 and 4 are retracements between the impulsive price action. BTC completed its wave 4 retracement by correcting to $38,500, according to Thielen, and has now entered its last, fifth impulsive stage of this uptrend targeting $52,000 by mid-March.
#Write2Earn #TradeNTell #btcupdates
$BTC MARKET UPDATE: $BTC 🚀➖➖➖➖➖➖➖Parallel line break out is fine but here the obstacle is found. Parallel line has been watching this channel before, now the question is what to do here?🤖Current market bakes from channel resistance and is seen above parallel support although now cell's KTVTs +_ panic panic fill normally parallel retest if successful but main focus channel resistance ita breakout min 55k to 60k normal paper. If the parallel support is not able to stop, the bounce from the support of our channel (bottom trend line) means a trigger or bottom, we have to wait for the confirmation and the market will go up from there.🚀$BTC #Write2Earn #BTCETFSPOT #btcupdates
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🚨BTC news🚨
Mining activity and sales of BTC mining products have decreased💰💰💰
Recently, miners have had a significant impact on the crypto market downturn. Post Bitcoin halving, legacy mining machines became unprofitable, leading to a decline in mining activity and an increase in OTC BTC sales to cover costs.
rapid decline in the number of miners selling $BTC This weakening of selling pressure, may trigger a continued rise. Positive market movement is expected to occur in Q3 2024.
#Binancetournament
#tradeplane #TRADINGSIGNAL #Warning #btcupdates
Mining activity and sales of BTC mining products have decreased💰💰💰
Recently, miners have had a significant impact on the crypto market downturn. Post Bitcoin halving, legacy mining machines became unprofitable, leading to a decline in mining activity and an increase in OTC BTC sales to cover costs.
rapid decline in the number of miners selling $BTC This weakening of selling pressure, may trigger a continued rise. Positive market movement is expected to occur in Q3 2024.
#Binancetournament
#tradeplane #TRADINGSIGNAL #Warning #btcupdates
BTC/USDT Update ( Key Level to Watch)
I' m anticipating a breakout soon!!!
I've been closely monitoring the BTC/USDT pair on Binance, and here’s a quick update on my current strategy. As you can see from the chart:
1. Trend Lines: I've drawn some key trend lines to identify support and resistance levels. The red line is a critical support trend line while the blue line indicates resistance.
2. Moving Averages: The chart includes 5-period (yellow) and 10-period (purple) moving averages which help in identifying short-term trends.
3. RSI Indicator: The Relative Strength Index (RSI) is at 50.8, indicating a neutral market without clear overbought or oversold conditions.
4. Volume: Notable spikes in volume can be seen which may indicate upcoming price movements.
Key Levels to Watch:
- Resistance at 66,800 USDT
- Support at 65,254.5 USDT
I'm anticipating a potential breakout soon. Keep an eye on these levels and adjust your trades accordingly $BTC #btcupdates
I' m anticipating a breakout soon!!!
I've been closely monitoring the BTC/USDT pair on Binance, and here’s a quick update on my current strategy. As you can see from the chart:
1. Trend Lines: I've drawn some key trend lines to identify support and resistance levels. The red line is a critical support trend line while the blue line indicates resistance.
2. Moving Averages: The chart includes 5-period (yellow) and 10-period (purple) moving averages which help in identifying short-term trends.
3. RSI Indicator: The Relative Strength Index (RSI) is at 50.8, indicating a neutral market without clear overbought or oversold conditions.
4. Volume: Notable spikes in volume can be seen which may indicate upcoming price movements.
Key Levels to Watch:
- Resistance at 66,800 USDT
- Support at 65,254.5 USDT
I'm anticipating a potential breakout soon. Keep an eye on these levels and adjust your trades accordingly $BTC #btcupdates
💰 LINE Secures $140 Million for Ambitious Web3.0 Ventures in NFTs and AI
🌐 Expanding the Horizon: LINE NEXT's Web3 Ecosystem Plans
In a groundbreaking move, South Korea-based social media giant LINE NEXT has successfully raised an impressive $140 million, marking Asia's largest Web3 funding round for 2023. The infusion of funds, led by Peter Thiel-backed Crescendo Equity Partners, aims to propel LINE's global expansion within the Web3 ecosystem.
🚀 Diving into Web3 Initiatives: NFTs, DOSI, and More
LINE NEXT is set to make waves in the Web3 space, with a particular focus on non-fungible tokens (NFTs). The funds will drive the creation of DOSI, a cutting-edge digital market for collectibles slated to launch in early 2024. DOSI, operating as a mobile app, will facilitate the purchase and sale of digital collectibles on a global scale.
🤖 AI-Powered Social Interaction and Gaming: Breaking New Grounds
Beyond NFTs, LINE NEXT has its eyes on artificial intelligence (AI), contemplating the launch of a social app fostering communication between AI-driven characters. The company is also gearing up to introduce a suite of Web3 games designed to captivate a broader audience.
🌐 Enabling Full Ownership with Web3 Solutions
LINE plans to offer Web3 solutions that empower businesses to confer full ownership of digital products to their customers. Leveraging the publicly distributed ledger Finschia as its architectural base layer, LINE aims to redefine the relationship between users and the value of their digital assets.
🌏 Global Expansion and Web3 Advocacy: LINE's Vision
LINE's CEO, Youngsu Ko, emphasized the significance of securing funding amidst a globally contracting investment environment. The aim is clear: popularize Web3 and establish a service ecosystem where users truly own the value of their digital goods.
🚀 Stay Tuned for the Future: LINE - Shaping the Digital Revolution!
#btcupdates #btcto60k #crypto #cryptocurrency #crypto2023
🌐 Expanding the Horizon: LINE NEXT's Web3 Ecosystem Plans
In a groundbreaking move, South Korea-based social media giant LINE NEXT has successfully raised an impressive $140 million, marking Asia's largest Web3 funding round for 2023. The infusion of funds, led by Peter Thiel-backed Crescendo Equity Partners, aims to propel LINE's global expansion within the Web3 ecosystem.
🚀 Diving into Web3 Initiatives: NFTs, DOSI, and More
LINE NEXT is set to make waves in the Web3 space, with a particular focus on non-fungible tokens (NFTs). The funds will drive the creation of DOSI, a cutting-edge digital market for collectibles slated to launch in early 2024. DOSI, operating as a mobile app, will facilitate the purchase and sale of digital collectibles on a global scale.
🤖 AI-Powered Social Interaction and Gaming: Breaking New Grounds
Beyond NFTs, LINE NEXT has its eyes on artificial intelligence (AI), contemplating the launch of a social app fostering communication between AI-driven characters. The company is also gearing up to introduce a suite of Web3 games designed to captivate a broader audience.
🌐 Enabling Full Ownership with Web3 Solutions
LINE plans to offer Web3 solutions that empower businesses to confer full ownership of digital products to their customers. Leveraging the publicly distributed ledger Finschia as its architectural base layer, LINE aims to redefine the relationship between users and the value of their digital assets.
🌏 Global Expansion and Web3 Advocacy: LINE's Vision
LINE's CEO, Youngsu Ko, emphasized the significance of securing funding amidst a globally contracting investment environment. The aim is clear: popularize Web3 and establish a service ecosystem where users truly own the value of their digital goods.
🚀 Stay Tuned for the Future: LINE - Shaping the Digital Revolution!
#btcupdates #btcto60k #crypto #cryptocurrency #crypto2023
🎁 $BTC Update - TP1 : 42350✅
Congrats everyone… keep milking the profit 🥛 🔥💰
#BTC-ETF. #BTCUSDT.P #BitcoinPrice2024 #btcupdates
Congrats everyone… keep milking the profit 🥛 🔥💰
#BTC-ETF. #BTCUSDT.P #BitcoinPrice2024 #btcupdates
January 5, 2025
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MARKET ANALYSIS:
Market Cap: $3.5 Trillion
24h Volume: $86.94 Billion
BTC Dominance: 55.6%
ETH Dominance: 12.5%
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BINANCE ANALYSIS (USDT pairs):
Top Gainers
1. HIVE: +63%
2. STEEM: +29%
3. ACT: +24%
Top Losers
1. BIO: -7%
2. DGB: -6%
3. FTT: -5%
BINANCE FUTURES:
Top Gainers
1. HIVEUSDT: +51%
2. STEEMUSDT: +25%
Top Losers
1. ZEREBROUSDT: -11%
2. FARTCOINUSDT: -8%
LARGEST VOLUME (24h)
1. USDT ($68100m)
2. BTC ($19990m)
DAILY OUTLOOK
HIVE, STEEM, and ACT are leading the market as top gainers. Meanwhile, Bitcoin is struggling to break through the $99K resistance level, reflecting ongoing uncertainty in the market. With the weekly candle close approaching, traders should prepare for potential volatility, as it could serve as a pivotal moment for market direction. Stay vigilant for significant price movements around this.
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#CryptoNewss #btcupdates #BTC #cryptooinsigts #BitcoinHashRateSurge
➖➖➖➖➖➖➖
MARKET ANALYSIS:
Market Cap: $3.5 Trillion
24h Volume: $86.94 Billion
BTC Dominance: 55.6%
ETH Dominance: 12.5%
➖➖➖➖➖➖➖
BINANCE ANALYSIS (USDT pairs):
Top Gainers
1. HIVE: +63%
2. STEEM: +29%
3. ACT: +24%
Top Losers
1. BIO: -7%
2. DGB: -6%
3. FTT: -5%
BINANCE FUTURES:
Top Gainers
1. HIVEUSDT: +51%
2. STEEMUSDT: +25%
Top Losers
1. ZEREBROUSDT: -11%
2. FARTCOINUSDT: -8%
LARGEST VOLUME (24h)
1. USDT ($68100m)
2. BTC ($19990m)
DAILY OUTLOOK
HIVE, STEEM, and ACT are leading the market as top gainers. Meanwhile, Bitcoin is struggling to break through the $99K resistance level, reflecting ongoing uncertainty in the market. With the weekly candle close approaching, traders should prepare for potential volatility, as it could serve as a pivotal moment for market direction. Stay vigilant for significant price movements around this.
➖➖➖➖➖➖➖
#CryptoNewss #btcupdates #BTC #cryptooinsigts #BitcoinHashRateSurge
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