$XRP takes 5 hours to grow up 50 points but takes 1 minute | Waqarhassan5354 on Binance Square

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$XRP takes 5 hours to grow up 50 points
but
takes 1 minute to go down 200 points

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$XRP $BTC $SOL U.Today - Despite the denial at the $0.62 price threshold, XRP's uptrend is pushing moving averages closer to a crossover, which could trigger a golden cross signal if the 50 and 200 EMA cross each other and potentially boost the asset's value. When a short-term moving average crosses above a long-term moving average, it forms a golden cross, which is frequently interpreted as a bullish indication. The 50 EMA is getting closer to the 200 EMA in the case of XRP. The beginning of a long-term uptrend could be indicated if this crossover occurs. Around $0.6 is where XRP is trading right now. Price has been pushing higher and bouncing off support levels in the most recent price action, indicating strong upward momentum. As the 200 EMA continues to slope downward, the 50 EMA is trending upward, suggesting short-term strength. It is also crucial to keep an eye on the 100 EMA and 26 EMA. A positive short-term outlook is suggested by the 26 EMA's position above the 100 EMA. The likelihood of a golden cross scenario is strengthened by the convergence of these EMAs close to the current price level. Bitcoin's crucial pattern Bitcoin's reversal at around $66,000 could create a basis for a head and shoulders pattern formation. On the downside, there is a possibility of a 50 and 100 EMA cross, which is often considered a predecessor of further price drops. A well-known chart pattern that denotes a change in trend from bullish to bearish is the head and shoulders pattern. The left shoulder, the head (the highest peak) and the right shoulder make up its three peaks. The way that Bitcoin has been trading lately points to the possibility that it is starting to form this pattern with the current peak, which is at $66,000, possibly serving as the head. There may be more bearish momentum indicated if the 50 EMA crosses below the 100 EMA. The price of the asset may be under pressure to decline, and this crossover is usually interpreted as a warning. The price of Bitcoin is currently close to $66,944. It bounced off the 200 EMA during the most recent upward movement,

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$XRP hello Cripple Army How are u? ready for a big candle ?

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$BTC $ETH $BNB U.Today - Four years ago today, Bitcoin (BTC) was last seen trading below the $10,000 mark, marking a significant turning point in its price history. Bitcoin historian Pete Rizzo posted this milestone as a fun fact on X, reminding the crypto community of how far Bitcoin has come. In July 2020, after months of trading below $10,000, Bitcoin began a price run that would later define its history. Bitcoin surpassed the $10,000 mark and would later reach highs above $65,000 in the months that followed - specifically, in April 2021. Bitcoin subsequently waved goodbye to the sub-$10,000 level, a threshold it has not revisited since. Reflecting on this, Rizzo tweeted, "4 years ago today, you had your last chance to buy Bitcoin under $10,000." Since then, Bitcoin has experienced tremendous growth, bidding farewell to the sub-$10,000 level, a price point that now appears to be a distant memory. From subsequent highs of nearly $65,000 in April 2021 to the declines that followed and then highs above $69,000 in November 2021, the 2022 bear market and its current all-time highs of nearly $74,000 in mid-March, Bitcoin's journey has been nothing short of captivating. More to come? VanEck predicts $2.9 million BTC price At the time of writing, BTC was up 4.58% in the last 24 hours to $67,166, as the crypto market fended off further falls late Thursday. While Bitcoin faces uncertainty in the very short term, asset manager VanEck has made a bold call on BTC's price in a 26-year prediction. VanEck, an issuer of spot Bitcoin and Ethereum ETFs, predicts that BTC's price might reach $2.9 million by 2050 if some significant hurdles are cleared. According to VanEck's estimates in a Wednesday report, Bitcoin might become a vital part of the world monetary system in the coming decades. If events unfold as VanEck predicts, Bitcoin's price might climb by nearly 44 times, gaining 16% annually from its present price of above $67,000, and its market capitalization might skyrocket to $61 trillion. This article was originally published on U.Today

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Bitcoin (BTC) Last Seen Under $10,000 Four Years Ago Today U. Today | Jul 27, 2024 00:00

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