With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post đ đThe top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) âźď¸Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post đ đThe top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) âźď¸Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Terraform Labs and co-founder Do Kwon, after being found liable for fraud by a New York jury last month, told a judge they shouldnât have to pay the $5.3 billion fine requested by US regulators.
Bitcoin will 'propel the next leg up' if key trading pattern confirms â Traders
The inverse head and shoulders pattern forming "would make sense" if Bitcoin doesn't "break straight through" $67,500, according to a crypto trader.
Bitcoinâs price could see a bullish trend reversal and âpropel the next leg upâ if the popular trading indicator known as the inverse head and shoulders pattern is confirmed, according to a crypto trader.
"If we don't break straight through $67.5k then something like this forming over the next month would make sense for a bottom pattern reversal,â crypto trader Matthew Hyland explained in a May 4 post on X.
He is referring to the inverse head and shoulders pattern â a bullish indicator which signals the downtrend is easing, and buyers are becoming more dominant in the market.
âIt would be a great setup to propel the next leg up,â he declared.
Although it is crucial that Bitcoin holds above its short-term holder price of $59,500 to "maintain its bullish trend," pseudonymous crypto analyst and co-founder of CMCC Crest Willy Woo told his 1.1 million X followers on May 3.
The setup appears when Bitcoinâs price forms three troughs below a so-called neckline resistance, with the middle trough â otherwise known as the head â deeper than the left and right shoulder.
Bitcoinâs price has slightly rebounded from the âhead" at $58,614 on May 1, and if the pattern continues as Hylandâs model suggests, it will find support around its second shoulder, at $60,000 â a key support level.
The decline would represent a 5% from its current price of $63,350, as per CoinMarketCap data. Dropping to this level would liquidate $530 million in long positions, according to CoinGlass data.
According to Hyland's model, Bitcoin may rise above the neckline and exceed its current all-time high of $73,800 by June.
On top of this, buyer interest in the crypto market is slowly increasing, according to the Fear and Greed Index.