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💥@Richard Teng , CEO of Binance makes a prediction on the next price of Bitcoin
💥Richard Teng, the Chief Executive Officer of the cryptocurrency exchange Binance, forecasts that Bitcoin will have a prosperous future and that the price of Bitcoin will approach or perhaps surpass the $80,000 level.
💥The United States government's decision earlier this year to authorize the formation of a Bitcoin exchange-traded fund (ETF) stimulated interest among institutional investors and resulted in the influx of fresh funds. Teng made this statement when he was speaking at an event in Bangkok: "We are just getting started."
💥In a previous prediction, Teng anticipated that Bitcoin would end the year at around $80,000. Despite this, he is now of the opinion that it will be higher than this amount since the supply is diminishing while demand is still high. This prognosis was Teng's own view, and he cautioned that the rally would not be a straight line. Teng underlined that this forecast was his personal opinion. He went on to say that the market would profit from both the highs and the lows.
💥Since the launch of exchange-traded funds (ETFs) for spot Bitcoin in the United States in January, there has been a steady stream of investment. Teng is anticipating that more foundations and family offices would raise their allocations to Bitcoin exchange-traded funds (ETFs) in the medium to short term.
#HotTrends #BTC #Binance
💥Richard Teng, the Chief Executive Officer of the cryptocurrency exchange Binance, forecasts that Bitcoin will have a prosperous future and that the price of Bitcoin will approach or perhaps surpass the $80,000 level.
💥The United States government's decision earlier this year to authorize the formation of a Bitcoin exchange-traded fund (ETF) stimulated interest among institutional investors and resulted in the influx of fresh funds. Teng made this statement when he was speaking at an event in Bangkok: "We are just getting started."
💥In a previous prediction, Teng anticipated that Bitcoin would end the year at around $80,000. Despite this, he is now of the opinion that it will be higher than this amount since the supply is diminishing while demand is still high. This prognosis was Teng's own view, and he cautioned that the rally would not be a straight line. Teng underlined that this forecast was his personal opinion. He went on to say that the market would profit from both the highs and the lows.
💥Since the launch of exchange-traded funds (ETFs) for spot Bitcoin in the United States in January, there has been a steady stream of investment. Teng is anticipating that more foundations and family offices would raise their allocations to Bitcoin exchange-traded funds (ETFs) in the medium to short term.
#HotTrends #BTC #Binance
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Elon Musk Finally Says When Tesla Will Take Dogecoin
When asked when Dogecoin would be accepted as payment for Teslas, the wealthiest man in the world, Elon Musk, finally said up. Musk spoke on his long-standing support for the meme currency and his fondness for it.
"At Some Point," Tesla Will Accept Dogecoin Payments.
Musk said, "at some point," when speaking to workers at the Gigafactory in Berlin, that Tesla would accept Dogecoin as payment. The fact that he could use DOGE to purchase Tesla merchandise was something he deemed "cool." "Dogecoin to the moon." The wealthiest guy in the world also expressed his optimism about the meme coin.
Once the Tesla Supercharging Station in Hollywood opens for business, Musk has already planned to accept DOGE as payment. This is all part of his support for the joke currency. The cryptocurrency has also found use in Musk's Space X, since DOGE has been used exclusively to enable transactions with Geometric Energy Corporation (GEC).
The latest comment from Musk, like all of his earlier ones on DOGE, has given the leading meme currency a much-needed boost. Following the remarks of the wealthiest man in the world, the cryptocurrency token, which had been experiencing a precipitous fall, recovered and has since achieved considerable gains.
It's ironic that Musk is reiterating his support for DOGE just as the token needs all the positive press it can get to keep its status as the most valuable meme. Dogecoin has competition from other popular meme currencies such as Shiba Inu (SHIB) and Dogwifhat (WIF).
Shytoshi Kusama, the head developer of the Shiba Inu, made the audacious assertion that SHIB would dominate this market cycle. Recently, plans to project WIF on the Las Vegas Sphere were completed, therefore the WIF community is also taking things into their own hands. As a result, the war of the memes could hinge on Musk's endorsement of Doegcoin.
#HotTrends #DOGE #WIF $DOGE
When asked when Dogecoin would be accepted as payment for Teslas, the wealthiest man in the world, Elon Musk, finally said up. Musk spoke on his long-standing support for the meme currency and his fondness for it.
"At Some Point," Tesla Will Accept Dogecoin Payments.
Musk said, "at some point," when speaking to workers at the Gigafactory in Berlin, that Tesla would accept Dogecoin as payment. The fact that he could use DOGE to purchase Tesla merchandise was something he deemed "cool." "Dogecoin to the moon." The wealthiest guy in the world also expressed his optimism about the meme coin.
Once the Tesla Supercharging Station in Hollywood opens for business, Musk has already planned to accept DOGE as payment. This is all part of his support for the joke currency. The cryptocurrency has also found use in Musk's Space X, since DOGE has been used exclusively to enable transactions with Geometric Energy Corporation (GEC).
The latest comment from Musk, like all of his earlier ones on DOGE, has given the leading meme currency a much-needed boost. Following the remarks of the wealthiest man in the world, the cryptocurrency token, which had been experiencing a precipitous fall, recovered and has since achieved considerable gains.
It's ironic that Musk is reiterating his support for DOGE just as the token needs all the positive press it can get to keep its status as the most valuable meme. Dogecoin has competition from other popular meme currencies such as Shiba Inu (SHIB) and Dogwifhat (WIF).
Shytoshi Kusama, the head developer of the Shiba Inu, made the audacious assertion that SHIB would dominate this market cycle. Recently, plans to project WIF on the Las Vegas Sphere were completed, therefore the WIF community is also taking things into their own hands. As a result, the war of the memes could hinge on Musk's endorsement of Doegcoin.
#HotTrends #DOGE #WIF $DOGE
3 Cryptos Set to Soar in April's Bitcoin Halving Boom
#RichQUACK🐤 : The goal of RichQuack is to provide its holders the opportunity to earn money by investing, constructing, holding, and winning.
#Polkadot is an underrated cryptocurrency that stands out due to its fast transaction throughput and compatibility. Despite this, it is expected to flourish in the future.
#Solana : With improved network speeds and faster transactions, Solana aims for a large portion of the DeFi industry, suggesting promising future development.
RichQuack
Meme coins often have anonymous creators, so that's what happened here. There have been successful enterprises with nameless founders, so it's not completely out of the question. The project's success will hinge on the development and work of the community, not the founders. Ultimately, the community is more essential.
There are 100 quadrillion QUACK in circulation, which is a quantity with 17 zeroes! In an effort to entice retail purchasers seeking small-cap currencies, Rich Quack chose to debut with an absurdly large supply, similar to many other meme coins.
Polkadot
With its focus on creating a network of linked blockchains, Polkadot stands out among cryptos poised to soar after the Bitcoin halving.$do
Interoperability is achieved by the use of standalone blockchains, known as parachains, that are connected to Polkadot's main network. This allows for the formation of a multichain blockchain ecosystem where blockchains may interact and collaborate. The development of interoperable blockchains opens the door to rapid transaction processing and the movement of assets and data across different chains.
Solana
Finally, Solana concludes our conversation on the cryptos poised for a post-halving price explosion. Since they are comparable in certain ways, the discussion will resemble that which surrounds Polkadot. $SOL
Among the many DeFi alternatives to Ethereum, Solana stands out because to its faster transactions and cheaper fees.
It's massive. In 2024, the market is expected to reach $26 billion.
#BullorBear #Memecoins
#RichQUACK🐤 : The goal of RichQuack is to provide its holders the opportunity to earn money by investing, constructing, holding, and winning.
#Polkadot is an underrated cryptocurrency that stands out due to its fast transaction throughput and compatibility. Despite this, it is expected to flourish in the future.
#Solana : With improved network speeds and faster transactions, Solana aims for a large portion of the DeFi industry, suggesting promising future development.
RichQuack
Meme coins often have anonymous creators, so that's what happened here. There have been successful enterprises with nameless founders, so it's not completely out of the question. The project's success will hinge on the development and work of the community, not the founders. Ultimately, the community is more essential.
There are 100 quadrillion QUACK in circulation, which is a quantity with 17 zeroes! In an effort to entice retail purchasers seeking small-cap currencies, Rich Quack chose to debut with an absurdly large supply, similar to many other meme coins.
Polkadot
With its focus on creating a network of linked blockchains, Polkadot stands out among cryptos poised to soar after the Bitcoin halving.$do
Interoperability is achieved by the use of standalone blockchains, known as parachains, that are connected to Polkadot's main network. This allows for the formation of a multichain blockchain ecosystem where blockchains may interact and collaborate. The development of interoperable blockchains opens the door to rapid transaction processing and the movement of assets and data across different chains.
Solana
Finally, Solana concludes our conversation on the cryptos poised for a post-halving price explosion. Since they are comparable in certain ways, the discussion will resemble that which surrounds Polkadot. $SOL
Among the many DeFi alternatives to Ethereum, Solana stands out because to its faster transactions and cheaper fees.
It's massive. In 2024, the market is expected to reach $26 billion.
#BullorBear #Memecoins
The price of #BNB began to rise again after finding support around the $545
The price is above $560 and the 100 SMA.
A crucial contracting triangle with resistance at $585 forms on the 4-hour #BNB/USDT chart.
The pair may rise if it breaks $590 resistance.
BNB price found support at $545 after falling from $620. The price rose from $546.1, unlike Ethereum and Bitcoin.
Above $560 and $565 resistance levels. Bulls broke the 23.6% Fib retracement level on the $619 swing high to $546 low decline. The price is above $560 and the 100 SMA.
Resistance around $585 is immediate. The 4-hour BNB/USD chart shows a significant contracting triangle with resistance at $585. The 50% Fib retracement level of the decline from the $619 swing high to the $546 low is approaching.
Around $590 is the next resistance. A decisive break over $590 might boost prices. In this situation, BNB may reach $620. A closing over $620 might lead to a stronger move above $640. Any more increases may challenge $700 in the coming days.
BNB may fall again if it fails to break $590 barrier. The $555 level and trend line provide first downward support.
Near $545 is the next big support. The major funding is $532. If the price breaks below $532, it might fall below $500. More losses might cause a drop to $465.
4-Hours MACD – BNB/USD MACD is rising in the positive zone.
4-Hours RSI – BNB/USD's RSI is over 50.
Major Support Levels: $555, $545, $532.
Major Resistance Levels: $585, $590, $620.
#BullorBear $BNB
The price is above $560 and the 100 SMA.
A crucial contracting triangle with resistance at $585 forms on the 4-hour #BNB/USDT chart.
The pair may rise if it breaks $590 resistance.
BNB price found support at $545 after falling from $620. The price rose from $546.1, unlike Ethereum and Bitcoin.
Above $560 and $565 resistance levels. Bulls broke the 23.6% Fib retracement level on the $619 swing high to $546 low decline. The price is above $560 and the 100 SMA.
Resistance around $585 is immediate. The 4-hour BNB/USD chart shows a significant contracting triangle with resistance at $585. The 50% Fib retracement level of the decline from the $619 swing high to the $546 low is approaching.
Around $590 is the next resistance. A decisive break over $590 might boost prices. In this situation, BNB may reach $620. A closing over $620 might lead to a stronger move above $640. Any more increases may challenge $700 in the coming days.
BNB may fall again if it fails to break $590 barrier. The $555 level and trend line provide first downward support.
Near $545 is the next big support. The major funding is $532. If the price breaks below $532, it might fall below $500. More losses might cause a drop to $465.
4-Hours MACD – BNB/USD MACD is rising in the positive zone.
4-Hours RSI – BNB/USD's RSI is over 50.
Major Support Levels: $555, $545, $532.
Major Resistance Levels: $585, $590, $620.
#BullorBear $BNB
🔥Luffy Token: A Full-Stock Ecosystem That's Shaking Up Crypto
💥Luffy Token is an innovative cryptocurrency that intends to provide a whole ecosystem tailored to satisfy the demands of its users in many ways; it will appeal to anime lovers, gamers, and crypto enthusiasts without exception.
💥With Luffy Token, there are many ways to interact with the platform. One way is to stake tokens in a long-term program that offers a flexible interest rate of up to 16%.
💥Also, the Luffy Burn Dashboard shows the burning of tokens in real-time, so users can see exactly how many tokens are available. Also, Luffy Token has a decentralized exchange called Luffy Swap where users may swap tokens without paying taxes.
💥Is There a Way for Artists to Profit on #AnimeBook ?
💥Artists on AnimeBook may monetize their work by hosting their own manga and original material for users to purchase. Members may see everything that the artist has ever released. With AnimeBook, mangakas may make money and gain fans, solidifying their place in the anime community. Users will soon be able to earn Ethereum or Fuffy by making anime art, cosplay, or content using the 'Earn' option.
💥With Luffy Token, you can access Anime Dext, a live charting platform that gives you all the facts you need about your favorite tokens, and Anime Mask, a DeFi multi-chain platform where you can purchase tokens with your credit card, trade them, and even stake them. The anime racing play-to-earn game Mechero has more than 150 character traits, so players are sure to discover something they enjoy.
💥Not only that, but Luffy Token also gives its users access to Multiverse Studio, a VR adventure platform where they can compete against other users, creators, and community members in VR events.
💥To sum up, Luffy Token is an all-inclusive ecosystem that's out to change the cryptoverse for the better by making everything user-friendly and entertaining. Luffy Token is well-positioned to grab the crypto industry's top spot because to its dedication to openness and its vibrant community.
#LUFFY #crypto2024
💥Luffy Token is an innovative cryptocurrency that intends to provide a whole ecosystem tailored to satisfy the demands of its users in many ways; it will appeal to anime lovers, gamers, and crypto enthusiasts without exception.
💥With Luffy Token, there are many ways to interact with the platform. One way is to stake tokens in a long-term program that offers a flexible interest rate of up to 16%.
💥Also, the Luffy Burn Dashboard shows the burning of tokens in real-time, so users can see exactly how many tokens are available. Also, Luffy Token has a decentralized exchange called Luffy Swap where users may swap tokens without paying taxes.
💥Is There a Way for Artists to Profit on #AnimeBook ?
💥Artists on AnimeBook may monetize their work by hosting their own manga and original material for users to purchase. Members may see everything that the artist has ever released. With AnimeBook, mangakas may make money and gain fans, solidifying their place in the anime community. Users will soon be able to earn Ethereum or Fuffy by making anime art, cosplay, or content using the 'Earn' option.
💥With Luffy Token, you can access Anime Dext, a live charting platform that gives you all the facts you need about your favorite tokens, and Anime Mask, a DeFi multi-chain platform where you can purchase tokens with your credit card, trade them, and even stake them. The anime racing play-to-earn game Mechero has more than 150 character traits, so players are sure to discover something they enjoy.
💥Not only that, but Luffy Token also gives its users access to Multiverse Studio, a VR adventure platform where they can compete against other users, creators, and community members in VR events.
💥To sum up, Luffy Token is an all-inclusive ecosystem that's out to change the cryptoverse for the better by making everything user-friendly and entertaining. Luffy Token is well-positioned to grab the crypto industry's top spot because to its dedication to openness and its vibrant community.
#LUFFY #crypto2024
It's Possible That the Price of XRP Could Reach $0.78
Crypto researcher Crypto predicts an XRP breakthrough. He also set crypto token price goals if this price breakthrough occurs.
XRP Could Reach $0.78
Analyst said in an X (previously Twitter) post that XRP's next price objective is $0.702–$0.786. The crypto expert did not provide a price breakout timeframe. He also suggested a short-term drop, but said it wouldn't affect XRP's long-term trajectory.
The figure Analyst presented revealed that XRP might reach $7.5 as a long-term aim. The crypto analyst called this price level a “critical target level,” potentially in reference to greater price objectives Egrag thinks XRP may reach before current bull run finishes. Some crypto analysts have forecast XRP might reach $27 at the pinnacle of current market cycle.
Analyst $5 prognosis is more likely to appeal to XRP investors than $27's grandiose projection. The crypto expert recently boldly predicted that XRP would rise 1000% to $5.5, a new all-time high.
Analyst said that the crypto coin will grow to $5 between this month and July. In January, Analyst confidently predicted that XRP will hit $5 in 90 days, implying it would achieve this price this month.
Will XRP Holders Have Another Unfulfilling Month in April?
Even if Analyst positive forecasts might come true this month, XRP investors should be careful. XRP was expected to have a “massive breakout” in March, according to crypto specialists like Crypto Rover.
Even if the crypto market gained significantly in March, XRP remained pretty stable. XRP's 4% YTD price decrease last month highlighted its poor price behavior since the start of the year.
XRP is trading at $0.58, down in the previous 24 hours, according to CoinMarketCap.
#BullorBear #xrp #ripple $XRP
Crypto researcher Crypto predicts an XRP breakthrough. He also set crypto token price goals if this price breakthrough occurs.
XRP Could Reach $0.78
Analyst said in an X (previously Twitter) post that XRP's next price objective is $0.702–$0.786. The crypto expert did not provide a price breakout timeframe. He also suggested a short-term drop, but said it wouldn't affect XRP's long-term trajectory.
The figure Analyst presented revealed that XRP might reach $7.5 as a long-term aim. The crypto analyst called this price level a “critical target level,” potentially in reference to greater price objectives Egrag thinks XRP may reach before current bull run finishes. Some crypto analysts have forecast XRP might reach $27 at the pinnacle of current market cycle.
Analyst $5 prognosis is more likely to appeal to XRP investors than $27's grandiose projection. The crypto expert recently boldly predicted that XRP would rise 1000% to $5.5, a new all-time high.
Analyst said that the crypto coin will grow to $5 between this month and July. In January, Analyst confidently predicted that XRP will hit $5 in 90 days, implying it would achieve this price this month.
Will XRP Holders Have Another Unfulfilling Month in April?
Even if Analyst positive forecasts might come true this month, XRP investors should be careful. XRP was expected to have a “massive breakout” in March, according to crypto specialists like Crypto Rover.
Even if the crypto market gained significantly in March, XRP remained pretty stable. XRP's 4% YTD price decrease last month highlighted its poor price behavior since the start of the year.
XRP is trading at $0.58, down in the previous 24 hours, according to CoinMarketCap.
#BullorBear #xrp #ripple $XRP
#JITO Price is planning to take off.
A cup-and-handle pattern has been formed by the price activity of jitto during the last four months.
The most recent movement validated the breakout, and this setup predicts a 55% increase to $6.05.
If JTO's price were to go below the $3.86 support level, its bullish prediction would be rendered useless.
The price of Jito (JTO) has remained stable despite the recent decline in Bitcoin (BTC). This new information confirms that $JTO is a hot cryptocurrency and that people are swarming to acquire it.
The price behavior of jitto formed a bullish cup-and-handle pattern between December 9 and March 31. In this technical setup, the cup is the rounded base, and the handle is the little consolidation or retracement that follows. Between December 9 and March 16, JTO produced the cup, and the handle was made during the two weeks of consolidation that followed.
In order to follow a breakout, it is essential to draw a trend line linking the peaks of the cup and the handle; this will serve as a resistance level. On March 31, this horizontal level of $3.86 was broken for JTO. The breakthrough was confirmed when the Jito price retested the neckline, which served as a support floor, in response to Bitcoin's recent slump.
Looking at it from a technical standpoint, the price of Jito is going to go up.
To get the cup-and-handle pattern's aim, measure the distance from the right peak of the cup to its bottom, which is 55% of the total. The target price is $6.05. This distance is added to the breakout point or neckline.
The RSI is making a comeback after falling into the overbought area. Normally, this would be cause for concern, but during bull runs, the RSI often remains overbought for extended periods of time.
The current strong indicators in the Jito price can be swiftly overshadowed if the Bitcoin price keeps falling. If JTO manages to close the market below $3.86 on a daily basis, the cup-and-handle predictions would be rendered useless. As a result of this change, the price of JTO might drop 26% to $2.85.
A cup-and-handle pattern has been formed by the price activity of jitto during the last four months.
The most recent movement validated the breakout, and this setup predicts a 55% increase to $6.05.
If JTO's price were to go below the $3.86 support level, its bullish prediction would be rendered useless.
The price of Jito (JTO) has remained stable despite the recent decline in Bitcoin (BTC). This new information confirms that $JTO is a hot cryptocurrency and that people are swarming to acquire it.
The price behavior of jitto formed a bullish cup-and-handle pattern between December 9 and March 31. In this technical setup, the cup is the rounded base, and the handle is the little consolidation or retracement that follows. Between December 9 and March 16, JTO produced the cup, and the handle was made during the two weeks of consolidation that followed.
In order to follow a breakout, it is essential to draw a trend line linking the peaks of the cup and the handle; this will serve as a resistance level. On March 31, this horizontal level of $3.86 was broken for JTO. The breakthrough was confirmed when the Jito price retested the neckline, which served as a support floor, in response to Bitcoin's recent slump.
Looking at it from a technical standpoint, the price of Jito is going to go up.
To get the cup-and-handle pattern's aim, measure the distance from the right peak of the cup to its bottom, which is 55% of the total. The target price is $6.05. This distance is added to the breakout point or neckline.
The RSI is making a comeback after falling into the overbought area. Normally, this would be cause for concern, but during bull runs, the RSI often remains overbought for extended periods of time.
The current strong indicators in the Jito price can be swiftly overshadowed if the Bitcoin price keeps falling. If JTO manages to close the market below $3.86 on a daily basis, the cup-and-handle predictions would be rendered useless. As a result of this change, the price of JTO might drop 26% to $2.85.
Is $FLOKI Going Down? Price of FLOKI Falls 10% as Attention Shifts to Upcoming Coin for Solana Memes
Due to intense competition from rivals located in Solana, the price of #FLOKI , a popular ERC-20 meme currency, has fallen.
In the last week, FLOKI's price has dropped 12% to $0.0002064, joining a wider market correction that has cut the value of almost all major cryptocurrencies.
Several other prominent meme currencies nowadays have seen a decline similar to FLOKI's.
As to CoinMarketcap, Shiba Inu (SHIB), PEPE, and BONK all saw comparable declines in value throughout the last seven days.
Nevertheless, a number of prominent Solana meme currencies outperformed their ERC-20 counterparts and saw price increases; the biggest of them, DogWifHat (WIF), jumped 20% since last Wednesday.
Dogecoin (DOGE), the most valuable meme currency by market value, did rather well throughout the decline, losing just about 5% and trading at $0.18 as of this writing.
Ethereum (ETH) and Bitcoin (BTC), the two most valuable cryptocurrencies in the market, both saw significant losses last week, likely leading the sell-off. With a 6.6% decline to $65,895, Bitcoin is down and Ethereum is down 8% to $3,308.
A large portion of last month was marked by considerable and fluctuating appreciation on FLOKI's trading chart. Despite briefly touching $0.0003 at the beginning of March, the token has unable to recover from a downturn that bottomed out three weeks later at $0.0002.
The Relative Strength Index (RSI) for FLOKI is 37 and rising. This means the recent decline has leveled out, and for the time being, traders may anticipate a period of relative stability.
#BullorBear #SHIB
Due to intense competition from rivals located in Solana, the price of #FLOKI , a popular ERC-20 meme currency, has fallen.
In the last week, FLOKI's price has dropped 12% to $0.0002064, joining a wider market correction that has cut the value of almost all major cryptocurrencies.
Several other prominent meme currencies nowadays have seen a decline similar to FLOKI's.
As to CoinMarketcap, Shiba Inu (SHIB), PEPE, and BONK all saw comparable declines in value throughout the last seven days.
Nevertheless, a number of prominent Solana meme currencies outperformed their ERC-20 counterparts and saw price increases; the biggest of them, DogWifHat (WIF), jumped 20% since last Wednesday.
Dogecoin (DOGE), the most valuable meme currency by market value, did rather well throughout the decline, losing just about 5% and trading at $0.18 as of this writing.
Ethereum (ETH) and Bitcoin (BTC), the two most valuable cryptocurrencies in the market, both saw significant losses last week, likely leading the sell-off. With a 6.6% decline to $65,895, Bitcoin is down and Ethereum is down 8% to $3,308.
A large portion of last month was marked by considerable and fluctuating appreciation on FLOKI's trading chart. Despite briefly touching $0.0003 at the beginning of March, the token has unable to recover from a downturn that bottomed out three weeks later at $0.0002.
The Relative Strength Index (RSI) for FLOKI is 37 and rising. This means the recent decline has leveled out, and for the time being, traders may anticipate a period of relative stability.
#BullorBear #SHIB
Below $67,000, #Bitcoin : buying opportunity or false hope?
Bitcoin was above $70,000. The coin has retraced to ~$66,000, sparking conjecture that this is a downturn and a good moment to invest. Since positive indicators remain, opinions are divided. Buy-the-dip opportunities arise when the crypto market shows panic. #BTC is now dominated by buy, purchase, and bull run indicators.
The Bitcoin community is remaining strong ahead of Halving, which might happen around April 20, 2024. Whales and sharks may accumulate more with little wallets at their maximum. The moment to buy the drop is coming, but this wave is not it. Needless to add, this is not financial advice and should be researched before investing.
Price correction was predicted before Halving. Only then will prices recover. New BTC forecasts say the token might reach $150,000 by year's end. Bitcoin Halving may slow the token's decline but not enhance value.
Altcoins are popular because they provide a higher long-term profit opportunity. ETH, DOGE, and SOL are examples.
After falling 5.335 in 24 hours, BTC is now $65,872.48. The previous 24 hours saw ETH decline 6.165 to $3,324.67. The token fell dramatically once around $4,000, particularly for traders who avoided profits in anticipation of higher increases. Ether ETF's slim SEC approval odds favor it.
Fetch.ai and other AI coins may take time to rise. The world is moving to SOL and DOGE tokens. Both are much lower. SOL fell 7.80% to $180.70 at the time of writing. DOGE fell 10.73% throughout the same period. Trading at $0.1837.
It may be a good opportunity to buy the token, but it may fall lower in the coming days. Whales are certainly hoarding tokens and making the most of it. Assuming now is the moment to buy the decline is riskier since market uncertainty and volatility remain. Research and risk assessment are crucial in the cryptocurrency sector.
#BullorBear $BTC
Bitcoin was above $70,000. The coin has retraced to ~$66,000, sparking conjecture that this is a downturn and a good moment to invest. Since positive indicators remain, opinions are divided. Buy-the-dip opportunities arise when the crypto market shows panic. #BTC is now dominated by buy, purchase, and bull run indicators.
The Bitcoin community is remaining strong ahead of Halving, which might happen around April 20, 2024. Whales and sharks may accumulate more with little wallets at their maximum. The moment to buy the drop is coming, but this wave is not it. Needless to add, this is not financial advice and should be researched before investing.
Price correction was predicted before Halving. Only then will prices recover. New BTC forecasts say the token might reach $150,000 by year's end. Bitcoin Halving may slow the token's decline but not enhance value.
Altcoins are popular because they provide a higher long-term profit opportunity. ETH, DOGE, and SOL are examples.
After falling 5.335 in 24 hours, BTC is now $65,872.48. The previous 24 hours saw ETH decline 6.165 to $3,324.67. The token fell dramatically once around $4,000, particularly for traders who avoided profits in anticipation of higher increases. Ether ETF's slim SEC approval odds favor it.
Fetch.ai and other AI coins may take time to rise. The world is moving to SOL and DOGE tokens. Both are much lower. SOL fell 7.80% to $180.70 at the time of writing. DOGE fell 10.73% throughout the same period. Trading at $0.1837.
It may be a good opportunity to buy the token, but it may fall lower in the coming days. Whales are certainly hoarding tokens and making the most of it. Assuming now is the moment to buy the decline is riskier since market uncertainty and volatility remain. Research and risk assessment are crucial in the cryptocurrency sector.
#BullorBear $BTC
Arthur Hayes thinks $ENA may have a resurgence and thinks its price might go up to $10.
After its most recent introduction, the DeFi project #Ethena (ENA) caused quite a stir in the cryptocurrency community. Because of how popular the project is, its price has gone up by more than 20%. But this upturn may be the start of something bigger. For ENA, Arthur Hayes has made some bold forecasts, predicting a surge to $10.
Many in the cryptocurrency world are interested in and curious about Hayes's bullish forecasts about ENA. Investors and ENA enthusiasts alike are ecstatic about the project's inclusion in Binance Launchpool.
Recently, Arthur Hayes voiced his approval of the Ethena DeFi initiative. Hayes has piqued the interest of the cryptocurrency community with his prediction that ENA's price might reach $10. Investors are now more optimistic and speculated about Ethena's success due to his remarks on platform X.
Notably, no Korean traders have engaged in ENA cryptocurrency trading as of yet. When Korean investors join the market, the price of ENA is expected to surge.
Hayes's Backing of ENA
With Hayes's backing, the cryptocurrency Ethena may become a hot commodity for investors. Promising ventures may change the market dynamics and attract more investors when famous people back them.
If Ethena attracts more investors and buyers as a result of Hayes's forecasts, its value and price might rise. During a time of explosive expansion in the cryptocurrency market, the support of prominent figures is crucial for influencing public opinion and the implementation of new Blockchain technology.
Unfortunately, not every forecast will pan out since that's just how the bitcoin market is. With a trading volume surpassing $2.79 billion, the price of Ethena has increased by 22.93% to $0.8384 as of writing. With a low of $0.5275 and a high of $0.96, the token has seen quite a range in the last day.
#ENA #BullorBear #BinanceLaunchpool $ENA
After its most recent introduction, the DeFi project #Ethena (ENA) caused quite a stir in the cryptocurrency community. Because of how popular the project is, its price has gone up by more than 20%. But this upturn may be the start of something bigger. For ENA, Arthur Hayes has made some bold forecasts, predicting a surge to $10.
Many in the cryptocurrency world are interested in and curious about Hayes's bullish forecasts about ENA. Investors and ENA enthusiasts alike are ecstatic about the project's inclusion in Binance Launchpool.
Recently, Arthur Hayes voiced his approval of the Ethena DeFi initiative. Hayes has piqued the interest of the cryptocurrency community with his prediction that ENA's price might reach $10. Investors are now more optimistic and speculated about Ethena's success due to his remarks on platform X.
Notably, no Korean traders have engaged in ENA cryptocurrency trading as of yet. When Korean investors join the market, the price of ENA is expected to surge.
Hayes's Backing of ENA
With Hayes's backing, the cryptocurrency Ethena may become a hot commodity for investors. Promising ventures may change the market dynamics and attract more investors when famous people back them.
If Ethena attracts more investors and buyers as a result of Hayes's forecasts, its value and price might rise. During a time of explosive expansion in the cryptocurrency market, the support of prominent figures is crucial for influencing public opinion and the implementation of new Blockchain technology.
Unfortunately, not every forecast will pan out since that's just how the bitcoin market is. With a trading volume surpassing $2.79 billion, the price of Ethena has increased by 22.93% to $0.8384 as of writing. With a low of $0.5275 and a high of $0.96, the token has seen quite a range in the last day.
#ENA #BullorBear #BinanceLaunchpool $ENA
As #Shiba Inu Burns 4,000%, Will Price Rebound?
The famous dog-themed meme currency Shiba Inu (SHIB) is showing inconsistent signs during the crypto market crash. While the burn rate, which measures the percentage of tokens permanently withdrawn from circulation, has increased by nearly 4,000% in 24 hours, the token's price is still declining.
The $SHIB community is optimistic about this rise in burning activity, which is mostly due to the destruction of over 154 million tokens. Burning SHIB reduces supplies, which may cause shortages and price increases. Additionally, burning significant sums of tokens shows community faith in the project's future.
Despite the searing excitement, market sentiment appears to be driving SHIB's price. Today, April 3, SHIB is trading at $0.000026, a huge decline. The crypto market slump and this price adjustment show that external variables exceed the burn rate's potential influence.
A drop in trade activity depresses investors. Open interest and derivatives volume have decreased, indicating lower investor engagement in SHIB futures contracts. Lack of excitement may delay price recovery.
Shiba Inu (SHIB) fell 12% last week, following Dogecoin (DOGE). Analyst Captain Faibik (CryptoFaibik on X) is optimistic about SHIB's future development despite this setback. The analyst refers to a 6-hour chart that shows a symmetrical triangle, a bullish pattern with lower highs and higher lows.
Symmetrical triangle asset prices usually vary within tighter levels during consolidation. When this occurs, the market usually hesitates.
Path Forward for SHIB
Analysts disagree on the future. Some crypto aficionados think the burning will ultimately cause purchasing pressure to exceed selling pressure, raising the price. If market weakness continues, SHIB may revisit its $0.00002368 Fibonacci retracement level.
The latest burn rate increase gives SHIB optimism for the future. The volatile crypto market and low investor interest make price estimates difficult.
#SHIB #Memecoins
The famous dog-themed meme currency Shiba Inu (SHIB) is showing inconsistent signs during the crypto market crash. While the burn rate, which measures the percentage of tokens permanently withdrawn from circulation, has increased by nearly 4,000% in 24 hours, the token's price is still declining.
The $SHIB community is optimistic about this rise in burning activity, which is mostly due to the destruction of over 154 million tokens. Burning SHIB reduces supplies, which may cause shortages and price increases. Additionally, burning significant sums of tokens shows community faith in the project's future.
Despite the searing excitement, market sentiment appears to be driving SHIB's price. Today, April 3, SHIB is trading at $0.000026, a huge decline. The crypto market slump and this price adjustment show that external variables exceed the burn rate's potential influence.
A drop in trade activity depresses investors. Open interest and derivatives volume have decreased, indicating lower investor engagement in SHIB futures contracts. Lack of excitement may delay price recovery.
Shiba Inu (SHIB) fell 12% last week, following Dogecoin (DOGE). Analyst Captain Faibik (CryptoFaibik on X) is optimistic about SHIB's future development despite this setback. The analyst refers to a 6-hour chart that shows a symmetrical triangle, a bullish pattern with lower highs and higher lows.
Symmetrical triangle asset prices usually vary within tighter levels during consolidation. When this occurs, the market usually hesitates.
Path Forward for SHIB
Analysts disagree on the future. Some crypto aficionados think the burning will ultimately cause purchasing pressure to exceed selling pressure, raising the price. If market weakness continues, SHIB may revisit its $0.00002368 Fibonacci retracement level.
The latest burn rate increase gives SHIB optimism for the future. The volatile crypto market and low investor interest make price estimates difficult.
#SHIB #Memecoins
As Base and Solana meme coins rebound, Binance Chain joins meme coin party.
With a $1 million prize fund, Binance Chain hopes to entice meme creators.
Meme coins are volatile because to bitcoin price changes.
Following a price drop, Solana and Base meme tokens are recovering.
Binance wants meme market share
After Solana and Base blockchains have expanded quickly in the past month due to meme token interest, Binance Chain is seeking to capture its slice of the meme currency pie with the BNB Chain Meme Innovation Battle.
A Binance Chain blog post announced the BNB Chain Meme Innovation Battle, where developers and producers will design meme tokens in the BNB ecosystem to compete for a "dynamic prize pool that can reach up to $1 million". The announcement states that "the trading volume of qualified memes during the competition period (...) the higher the trading volume, the larger the prize pool."
Registration ends on April 9, and the tournament begins the next day for 30 days.
According to DeFiLlama, Solana's TVL nearly quadrupled in March, jumping 88% from $2.5 billion to $4.8 billion. With a large SOL price increase, revenue rose from around $134,000 to $1.38 million. The data reveals that Base's TVL climbed about 150% to $1.2 billion and revenue 1,700% from $50,000 to $900,000.
Arthur Hayes, BitMEX co-founder, said these meme currencies are being created in chains like Solana owing to their cheap transaction costs and easy user interface.
Indicators of meme token recovery
Recent bullish and negative market swings indicated that meme coin values are more volatile than Bitcoin and other cryptocurrencies. During the Tuesday crypto market crisis, numerous meme currencies lost double digits, while most popular altcoins lost single digits.
Some meme currencies, notably in the Solana and Base chains, are recovering on Wednesday. Dogwifhat (WIF) rose 4%, Book of Meme (BOME) 6.4%, cats in a dog world (MEW) 42.5%, Brett (BRETT), and Toshi (TOSHI) of Base 3% and 14%, respectively, in the previous 24 hours.
#BinanceLaunchpool #Memecoins #sol #Binance
With a $1 million prize fund, Binance Chain hopes to entice meme creators.
Meme coins are volatile because to bitcoin price changes.
Following a price drop, Solana and Base meme tokens are recovering.
Binance wants meme market share
After Solana and Base blockchains have expanded quickly in the past month due to meme token interest, Binance Chain is seeking to capture its slice of the meme currency pie with the BNB Chain Meme Innovation Battle.
A Binance Chain blog post announced the BNB Chain Meme Innovation Battle, where developers and producers will design meme tokens in the BNB ecosystem to compete for a "dynamic prize pool that can reach up to $1 million". The announcement states that "the trading volume of qualified memes during the competition period (...) the higher the trading volume, the larger the prize pool."
Registration ends on April 9, and the tournament begins the next day for 30 days.
According to DeFiLlama, Solana's TVL nearly quadrupled in March, jumping 88% from $2.5 billion to $4.8 billion. With a large SOL price increase, revenue rose from around $134,000 to $1.38 million. The data reveals that Base's TVL climbed about 150% to $1.2 billion and revenue 1,700% from $50,000 to $900,000.
Arthur Hayes, BitMEX co-founder, said these meme currencies are being created in chains like Solana owing to their cheap transaction costs and easy user interface.
Indicators of meme token recovery
Recent bullish and negative market swings indicated that meme coin values are more volatile than Bitcoin and other cryptocurrencies. During the Tuesday crypto market crisis, numerous meme currencies lost double digits, while most popular altcoins lost single digits.
Some meme currencies, notably in the Solana and Base chains, are recovering on Wednesday. Dogwifhat (WIF) rose 4%, Book of Meme (BOME) 6.4%, cats in a dog world (MEW) 42.5%, Brett (BRETT), and Toshi (TOSHI) of Base 3% and 14%, respectively, in the previous 24 hours.
#BinanceLaunchpool #Memecoins #sol #Binance
Forecasting a Bonk in Price as $150 Million in Trade Volume Invades—Is It Possible to Make a Tenfold Increase From Here?
There has been a lot of talk regarding Bonk's future after its trade volume surged to $150 million; some experts even predict a possible tenfold growth.
Despite a 3.40% fall, Bonk's price remains steady at $0.000023 amidst all this market activity. Investors are very interested in Bonk's price forecast because of this fluctuation, which has put it in the limelight.
The rising attention and conjecture about the digital asset's value journey is supported by its healthy market worth of $1.5 billion.
Prediction of the Bonk Price
At $0.000022, Bonk has a pivot point that will determine its short-term market direction. At $0.000026, the asset encounters instant opposition; at $0.000027 and $0.000029, it encounters more obstacles.
On the other side, $0.000020, $0.000018, and $0.000017 are support levels that might serve as a floor for the price.
With RSI around 34, there is a possibility of undervaluation and the possibility of positive momentum.
The current price is below the 50-day exponential moving average (EMA), which indicates negative sentiment, with the EMA sitting at $0.00003.
Recent events, such as Bonk breaking the $0.00002548 ascending triangular pattern and the appearance of bearish engulfing candles, indicate a potential decline in the price.
On the other hand, a hammer candlestick and double bottom pattern may signal a possible turn to positive territory.
Finally, indications of a potential reversal are appearing, while Bonk maintains a negative outlook below the $0.000022 pivot.
Depending on market conditions and investor mood, a clear break above this pivot can indicate the beginning of a positive correction. If they want to be successful market navigators, traders need keep a careful eye on certain technical levels and indications.
#BONK #BullorBear #Memecoins $BONK
There has been a lot of talk regarding Bonk's future after its trade volume surged to $150 million; some experts even predict a possible tenfold growth.
Despite a 3.40% fall, Bonk's price remains steady at $0.000023 amidst all this market activity. Investors are very interested in Bonk's price forecast because of this fluctuation, which has put it in the limelight.
The rising attention and conjecture about the digital asset's value journey is supported by its healthy market worth of $1.5 billion.
Prediction of the Bonk Price
At $0.000022, Bonk has a pivot point that will determine its short-term market direction. At $0.000026, the asset encounters instant opposition; at $0.000027 and $0.000029, it encounters more obstacles.
On the other side, $0.000020, $0.000018, and $0.000017 are support levels that might serve as a floor for the price.
With RSI around 34, there is a possibility of undervaluation and the possibility of positive momentum.
The current price is below the 50-day exponential moving average (EMA), which indicates negative sentiment, with the EMA sitting at $0.00003.
Recent events, such as Bonk breaking the $0.00002548 ascending triangular pattern and the appearance of bearish engulfing candles, indicate a potential decline in the price.
On the other hand, a hammer candlestick and double bottom pattern may signal a possible turn to positive territory.
Finally, indications of a potential reversal are appearing, while Bonk maintains a negative outlook below the $0.000022 pivot.
Depending on market conditions and investor mood, a clear break above this pivot can indicate the beginning of a positive correction. If they want to be successful market navigators, traders need keep a careful eye on certain technical levels and indications.
#BONK #BullorBear #Memecoins $BONK
FET , AGIX , OCEAN prices fall as ASI Governance votes on first of three recommendations.
FET, AGIX, and OCEAN ecosystems are considering merging under AI.
The first of three proposals, FET vote, covers ASI's move to the network and a 1:1 conversion.
As markets tumble, Fetch.ai, SingularityNET, and Ocean Protocol fall 6%, 8%, and 7%.
Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are considering a major merger to create one ASI token. Individual communities have voted on the proposed accord, starting with the FET environment.
FET community vote on ASI merger begins.
The first ASI alliance governance proposal began on April 2 when the Fetch.ai ecosystem voted for the merger. “This proposal covers the transition of the network as the home of ASI, and FET as a 1:1 conversion,” the network said on its official X account, urging community members to vote.
Renaming the network and FET token ASI
FET token contract hard fork on ETH and BSC networks
Change in token supply to enable additional projects to join the Artificial Superintelligence Alliance.
ONLY FET token holders may vote on the governance proposal, and the other communities will vote for them on this merger. Different governance suggestions and tokenomics updates will be provided for each project.
Your vote's effectiveness depends on how much FET you stake, regardless of validator. Exchange stakeholders must verify their voting capacity.
Some community members have called for 1.5 billion tokens, citing FET announcement involvement.
Key ASI proposal vote takeaways
Voting on the first of three ideas started on April 2 at 13:00 UTC and will last five days.
Two further governance suggestions will be presented when the FET vote accepts the AGIX and OCEAN ecosystems into the token.
All communities should finish voting by Tuesday
FET, AGIX, OCEAN prices going together
FET, AGIX, and OCEAN seem to be traveling in the same direction due to arbitrage until the merging. The prices of Fetch.ai, SingularityNET, and the Ocean Protocol are down 6%, 8%, and 7%.
#FET #BullorBear #OCEAN #agix
FET, AGIX, and OCEAN ecosystems are considering merging under AI.
The first of three proposals, FET vote, covers ASI's move to the network and a 1:1 conversion.
As markets tumble, Fetch.ai, SingularityNET, and Ocean Protocol fall 6%, 8%, and 7%.
Fetch.ai (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN) are considering a major merger to create one ASI token. Individual communities have voted on the proposed accord, starting with the FET environment.
FET community vote on ASI merger begins.
The first ASI alliance governance proposal began on April 2 when the Fetch.ai ecosystem voted for the merger. “This proposal covers the transition of the network as the home of ASI, and FET as a 1:1 conversion,” the network said on its official X account, urging community members to vote.
Renaming the network and FET token ASI
FET token contract hard fork on ETH and BSC networks
Change in token supply to enable additional projects to join the Artificial Superintelligence Alliance.
ONLY FET token holders may vote on the governance proposal, and the other communities will vote for them on this merger. Different governance suggestions and tokenomics updates will be provided for each project.
Your vote's effectiveness depends on how much FET you stake, regardless of validator. Exchange stakeholders must verify their voting capacity.
Some community members have called for 1.5 billion tokens, citing FET announcement involvement.
Key ASI proposal vote takeaways
Voting on the first of three ideas started on April 2 at 13:00 UTC and will last five days.
Two further governance suggestions will be presented when the FET vote accepts the AGIX and OCEAN ecosystems into the token.
All communities should finish voting by Tuesday
FET, AGIX, OCEAN prices going together
FET, AGIX, and OCEAN seem to be traveling in the same direction due to arbitrage until the merging. The prices of Fetch.ai, SingularityNET, and the Ocean Protocol are down 6%, 8%, and 7%.
#FET #BullorBear #OCEAN #agix
Without $69K, BTC may not reach a new ATH pre-halving
Tuesday saw a roughly $7,000 decline in Bitcoin price as markets recovered after the Easter weekend.
The level of the #BTC RSI was last seen when the price of Bitcoin was $41,800.
To avoid a prolonged decline, the 200-day EMA is still vital.
More and more, the price of Bitcoin (BTC) is moving away from the $69,000 mark, a crucial barrier that has blocked the pioneer cryptocurrency's upward potential for several years. However, the fact that the Bitcoin RSI indicator is at levels not seen since January is causing anxiety.
After plunging from $71,366 to $64,588 in just 48 hours, the new Bitcoin ATH pre-halving price is contingent on $69K breaching. From Monday to the start of Tuesday's US session, the market lost roughly $700 million as a result of the nearly $7,000 collapse.
Once buyers regained control of the market and the upward impetus for Bitcoin vanished, the drop occurred. Some experts think the decrease is just a shake-off tactic used to eliminate weak players.
Crypto RSI has reset to levels last seen in the last week of January, when Bitcoin price was about $41,800, and experts have noticed that it has fallen below 50. In particular, this occurred just before the inflows into exchange-traded funds (ETFs) began to skyrocket.
Despite this, data shows that weekly ETF flows are positive again after a period of oscillation between slower inflows and higher withdrawals than inflows. Bitcoin bulls should take heart from this.
Alternatively, 60 million USDT has been transferred from Tether's treasury to Kraken Exchange, marking the beginning of the USDT pegged cryptocurrency's journey away from its previous one. To ensure that BTCPay Server can keep working on its mission to make Bitcoin accepted by anybody, the network has also given $100,000 to the organization. The digital asset's uptake is encouraged by this.
Worse still, rumors have circulated that UBS, which oversees $3.5 trillion in assets and has a market valuation of around $98 billion, may soon add Bitcoin exchange-traded funds to its platform. A watershed moment in the mainstream banking industry's acceptance of cryptocurrency has occurred with UBS's introduction of Bitcoin ETFs.
This optimistic step lowers the threshold for ultra-wealthy people to invest in digital assets. Major players give in to the temptation of cryptocurrency, which causes the adoption curve to steepen. The most recent development is that Coinbase received what seems to be a test transaction from the US government totaling around 30,174 BTC, or $2.1 billion. Reportedly, the Silk Road hack monies are where the Bitcoins came from.
"The government was patiently waiting for Judge Failla to reject the SEC's claims that Coinbase engaged in brokerage activity through Coinbase Wallet before taking this action," said James Seyffart, an ETF analyst for Bloomberg.
Prognosis for Bitcoin Value when the BTC RSI Falls Below 50
After the BTC RSI fell below the 50 mean threshold, the market is now tilting towards the downside, despite a generally optimistic view on the large picture. Not only is the RSI showing declining momentum, but the Awesome Oscillator (AO) indicator also corroborating this.
The 200-day Exponential Moving Average (EMA) provides important support around $65,556 for Bitcoin price since October. If Bitcoin price falls below this level, the collapse might continue to the $60,800 level.
Look closely at the Bitcoin chart; there's a hidden bearish divergence there, with the relative strength index making lower lows and the price of Bitcoin making higher lows. If a complete reversal occurs, the likelihood of additional losses is increased.
If the 200-day exponential moving average (EMA) continues to act as support, the price of Bitcoin is expected to rise again. The chances of additional rise would increase if the $69,000 mark turned into support, signaling more purchase orders. Prior to the possibility of recording a new top above the $74,000 level, the primary objective in such a directional bias would be to regain the $73,777 peak.
#BullorBear $BTC #Halving
The level of the #BTC RSI was last seen when the price of Bitcoin was $41,800.
To avoid a prolonged decline, the 200-day EMA is still vital.
More and more, the price of Bitcoin (BTC) is moving away from the $69,000 mark, a crucial barrier that has blocked the pioneer cryptocurrency's upward potential for several years. However, the fact that the Bitcoin RSI indicator is at levels not seen since January is causing anxiety.
After plunging from $71,366 to $64,588 in just 48 hours, the new Bitcoin ATH pre-halving price is contingent on $69K breaching. From Monday to the start of Tuesday's US session, the market lost roughly $700 million as a result of the nearly $7,000 collapse.
Once buyers regained control of the market and the upward impetus for Bitcoin vanished, the drop occurred. Some experts think the decrease is just a shake-off tactic used to eliminate weak players.
Crypto RSI has reset to levels last seen in the last week of January, when Bitcoin price was about $41,800, and experts have noticed that it has fallen below 50. In particular, this occurred just before the inflows into exchange-traded funds (ETFs) began to skyrocket.
Despite this, data shows that weekly ETF flows are positive again after a period of oscillation between slower inflows and higher withdrawals than inflows. Bitcoin bulls should take heart from this.
Alternatively, 60 million USDT has been transferred from Tether's treasury to Kraken Exchange, marking the beginning of the USDT pegged cryptocurrency's journey away from its previous one. To ensure that BTCPay Server can keep working on its mission to make Bitcoin accepted by anybody, the network has also given $100,000 to the organization. The digital asset's uptake is encouraged by this.
Worse still, rumors have circulated that UBS, which oversees $3.5 trillion in assets and has a market valuation of around $98 billion, may soon add Bitcoin exchange-traded funds to its platform. A watershed moment in the mainstream banking industry's acceptance of cryptocurrency has occurred with UBS's introduction of Bitcoin ETFs.
This optimistic step lowers the threshold for ultra-wealthy people to invest in digital assets. Major players give in to the temptation of cryptocurrency, which causes the adoption curve to steepen. The most recent development is that Coinbase received what seems to be a test transaction from the US government totaling around 30,174 BTC, or $2.1 billion. Reportedly, the Silk Road hack monies are where the Bitcoins came from.
"The government was patiently waiting for Judge Failla to reject the SEC's claims that Coinbase engaged in brokerage activity through Coinbase Wallet before taking this action," said James Seyffart, an ETF analyst for Bloomberg.
Prognosis for Bitcoin Value when the BTC RSI Falls Below 50
After the BTC RSI fell below the 50 mean threshold, the market is now tilting towards the downside, despite a generally optimistic view on the large picture. Not only is the RSI showing declining momentum, but the Awesome Oscillator (AO) indicator also corroborating this.
The 200-day Exponential Moving Average (EMA) provides important support around $65,556 for Bitcoin price since October. If Bitcoin price falls below this level, the collapse might continue to the $60,800 level.
Look closely at the Bitcoin chart; there's a hidden bearish divergence there, with the relative strength index making lower lows and the price of Bitcoin making higher lows. If a complete reversal occurs, the likelihood of additional losses is increased.
If the 200-day exponential moving average (EMA) continues to act as support, the price of Bitcoin is expected to rise again. The chances of additional rise would increase if the $69,000 mark turned into support, signaling more purchase orders. Prior to the possibility of recording a new top above the $74,000 level, the primary objective in such a directional bias would be to regain the $73,777 peak.
#BullorBear $BTC #Halving
$XRP Near Crucial Point; Can Bulls Stand?
#XRP struggles below $0.620. To rise soon, the price must hold over $0.5680.
XRP is progressively falling from $0.6620.
The price is below $0.620 and the 100 SMA.
The 4-hour XRP/USD chart shows a big negative trend line with resistance around $0.600.
A closing below $0.5680 might boost negative momentum.
XRP Price Has Many Obstacles
From over $0.650, XRP has steadily declined in recent sessions. Bitcoin and Ethereum fell below $0.620 and $0.605 support levels.
The price tested $0.580. After a low of $0.5805, the price is consolidating losses. On the 4-hour XRP/USD chart, a significant negative trend line with resistance around $0.600 is formed.
Ripple's token price is below $0.620 and the 4-hour SMA. The trend line and $0.600 zone are immediate upward resistance. It is near the 23.6% Fib retracement level of the falling wave from $0.6625 swing high to $0.5805 low.
Around $0.620 is the next resistance. It is around the 50% Fib retracement of the negative wave from $0.6625 swing high to $0.5805 low. Close over $0.6250 barrier might start a significant surge. Around $0.6620 is the next resistance.
Bulls may surge toward $0.680 if they stay over $0.6620. More advances might push the price toward $0.700.
More Losses?
XRP may fall again if it fails to break $0.600. Initial downward support is approaching $0.580.
The next significant support is $0.5680. If the price breaks down and closes below $0.5680, it may accelerate downward. It might retest the $0.5250 support zone.
Tech Indicators
The 4-hour MACD for #XRP/USDT is becoming negative.
Four-hour RSI (Relative Strength Index): XRP/USD is below 50.
Major Support Levels: $0.580, $0.5680, $0.5250.
Major resistance levels: $0.600, $0.6250, $0.6620.
#BullorBear
#XRP struggles below $0.620. To rise soon, the price must hold over $0.5680.
XRP is progressively falling from $0.6620.
The price is below $0.620 and the 100 SMA.
The 4-hour XRP/USD chart shows a big negative trend line with resistance around $0.600.
A closing below $0.5680 might boost negative momentum.
XRP Price Has Many Obstacles
From over $0.650, XRP has steadily declined in recent sessions. Bitcoin and Ethereum fell below $0.620 and $0.605 support levels.
The price tested $0.580. After a low of $0.5805, the price is consolidating losses. On the 4-hour XRP/USD chart, a significant negative trend line with resistance around $0.600 is formed.
Ripple's token price is below $0.620 and the 4-hour SMA. The trend line and $0.600 zone are immediate upward resistance. It is near the 23.6% Fib retracement level of the falling wave from $0.6625 swing high to $0.5805 low.
Around $0.620 is the next resistance. It is around the 50% Fib retracement of the negative wave from $0.6625 swing high to $0.5805 low. Close over $0.6250 barrier might start a significant surge. Around $0.6620 is the next resistance.
Bulls may surge toward $0.680 if they stay over $0.6620. More advances might push the price toward $0.700.
More Losses?
XRP may fall again if it fails to break $0.600. Initial downward support is approaching $0.580.
The next significant support is $0.5680. If the price breaks down and closes below $0.5680, it may accelerate downward. It might retest the $0.5250 support zone.
Tech Indicators
The 4-hour MACD for #XRP/USDT is becoming negative.
Four-hour RSI (Relative Strength Index): XRP/USD is below 50.
Major Support Levels: $0.580, $0.5680, $0.5250.
Major resistance levels: $0.600, $0.6250, $0.6620.
#BullorBear
Threatened by #DogWifHat ? As Interest in the New Solana Meme Coin Rises, the Price of WIF Falls 20%
Coin for the popular Solana meme As of this writing, DogWifHat (WIF) is trading at $3.69, a loss of 20% in the previous 24 hours. The cryptocurrency seems to be trembling badly.
The market retreated today, shaving almost 5% off the value of market leaders Ethereum and Bitcoin, and WIF is only one component of that larger trend.
The current price of Bitcoin is $66,313, which is 10% below its all-time high (ATH) of $73,737.94, set on March 14, 2024. From its all-time high of $4,878 on November 10, 2024, Ethereum has fallen more than 30% to its current price of $3,342.
In general, cryptocurrency prices have been rising throughout the year. Last Thursday, however, the curtain came down on one of the most notorious eras in the industry's memory.
After embezzling billions of dollars from FTX clients to its sister company Alameda Research, Sam Bankman-Fried, the former CEO of the industry's biggest casualty and one of the biggest bankruptcies in history, received a 25-year sentence for various charges, including fraud and conspiracy.
Crypto prices have fallen across the board, as if this flashback to the wilder days of crypto were not enough to dampen interest for spot Bitcoin ETFs.
Over the course of the previous month, WIF's trading chart shows a substantial but erratic increase in value. Starting at a support level just over $2, WIF showed signs of a bull run, rising to an all-time high of $4.83 on March 31st, about three weeks into April.
WIF's relative strength index (RSI) is at 34 and seems to be declining, although today's price is around 22% below that. After a drop below 30, at which time the stock is considered "oversold," the market will probably rebalance and prices will cease falling.
#WIF #sol $WIF
Coin for the popular Solana meme As of this writing, DogWifHat (WIF) is trading at $3.69, a loss of 20% in the previous 24 hours. The cryptocurrency seems to be trembling badly.
The market retreated today, shaving almost 5% off the value of market leaders Ethereum and Bitcoin, and WIF is only one component of that larger trend.
The current price of Bitcoin is $66,313, which is 10% below its all-time high (ATH) of $73,737.94, set on March 14, 2024. From its all-time high of $4,878 on November 10, 2024, Ethereum has fallen more than 30% to its current price of $3,342.
In general, cryptocurrency prices have been rising throughout the year. Last Thursday, however, the curtain came down on one of the most notorious eras in the industry's memory.
After embezzling billions of dollars from FTX clients to its sister company Alameda Research, Sam Bankman-Fried, the former CEO of the industry's biggest casualty and one of the biggest bankruptcies in history, received a 25-year sentence for various charges, including fraud and conspiracy.
Crypto prices have fallen across the board, as if this flashback to the wilder days of crypto were not enough to dampen interest for spot Bitcoin ETFs.
Over the course of the previous month, WIF's trading chart shows a substantial but erratic increase in value. Starting at a support level just over $2, WIF showed signs of a bull run, rising to an all-time high of $4.83 on March 31st, about three weeks into April.
WIF's relative strength index (RSI) is at 34 and seems to be declining, although today's price is around 22% below that. After a drop below 30, at which time the stock is considered "oversold," the market will probably rebalance and prices will cease falling.
#WIF #sol $WIF
Tether Buys 8,888 Bitcoin for $618 Million—Why Is Price Down?
Tether, the biggest stablecoin issuer, added Bitcoin to its holdings, according to on-chain statistics. The size of the buy has the crypto world wondering why Bitcoin's price has dropped instead of rising.
Tether Buys 8,888 $BTC
Arkham Intelligence reports that Tether bought 8,888 Bitcoin on March 31 and currently possesses around 75,400 BTC. As one of the major Bitcoin holders, Tether has more BTC than some of the largest crypto exchanges and Spot Bitcoin ETF providers.
Last year, the stablecoin issuer declared it would routinely buy Bitcoin for its reserves using its operating revenues. Given their recent success, it's no surprise that the corporation has acquired this much BTC since then.
After this, Bitcoin plummeted below $70,000, which is shocking. Such a large Bitcoin buy should boost Bitcoin's price, not drop it as it did. However, other reasons may have eclipsed Tether's acquisition and caused Bitcoin's precipitous drop.
Bitcoin Price Drop: Why?
QCP Capital explained why Bitcoin fell below $70,000 to $66,000. The business attributed the sudden drop to “large liquidations on retail-heavy exchanges like Binance, which saw perp funding rates go from as high as 77% to flat.”
Grayscale's GBTC Spot Bitcoin ETF, which continues to lose money, may have contributed to Bitcoin's drop. GBTC lost $302.6 million on April 1, adding to these Bitcoin ETFs' $85.7 million net outflows.This increased Bitcoin selling pressure, which is outpacing ecosystem purchasing pressure.
The futures market has also contributed to gloomy market sentiment, with bears in charge. Coinglass reports $409 million in market liquidation in the previous 24 hours, including $328 million in long holdings.
Bitcoin is now selling at $66,500, down almost 4% in 24 hours, according to CoinMarketCap.
#BullorBear #BTC $BTC
Tether, the biggest stablecoin issuer, added Bitcoin to its holdings, according to on-chain statistics. The size of the buy has the crypto world wondering why Bitcoin's price has dropped instead of rising.
Tether Buys 8,888 $BTC
Arkham Intelligence reports that Tether bought 8,888 Bitcoin on March 31 and currently possesses around 75,400 BTC. As one of the major Bitcoin holders, Tether has more BTC than some of the largest crypto exchanges and Spot Bitcoin ETF providers.
Last year, the stablecoin issuer declared it would routinely buy Bitcoin for its reserves using its operating revenues. Given their recent success, it's no surprise that the corporation has acquired this much BTC since then.
After this, Bitcoin plummeted below $70,000, which is shocking. Such a large Bitcoin buy should boost Bitcoin's price, not drop it as it did. However, other reasons may have eclipsed Tether's acquisition and caused Bitcoin's precipitous drop.
Bitcoin Price Drop: Why?
QCP Capital explained why Bitcoin fell below $70,000 to $66,000. The business attributed the sudden drop to “large liquidations on retail-heavy exchanges like Binance, which saw perp funding rates go from as high as 77% to flat.”
Grayscale's GBTC Spot Bitcoin ETF, which continues to lose money, may have contributed to Bitcoin's drop. GBTC lost $302.6 million on April 1, adding to these Bitcoin ETFs' $85.7 million net outflows.This increased Bitcoin selling pressure, which is outpacing ecosystem purchasing pressure.
The futures market has also contributed to gloomy market sentiment, with bears in charge. Coinglass reports $409 million in market liquidation in the previous 24 hours, including $328 million in long holdings.
Bitcoin is now selling at $66,500, down almost 4% in 24 hours, according to CoinMarketCap.
#BullorBear #BTC $BTC
This Could Boost #Solana Prices by 80%: Crypto Analyst
The Solana (SOL) price has plummeted 7.5% in 24 hours, following the crypto market's trend. Known analyst Rekt Capital says there's no need to be negative.
The crypto researcher said that Solana's consolidation pattern suggests an 80% price surge in a recent technical study. Rekt Capital says Solana is trading in a bull flag on Binance's weekly SOL/USD chart.
Traders look for a strong breach above the flag to confirm the uptrend. The analyst notes that Solana just rejected the top of the bull flag formation at $208, signaling a short-term halt in its upward momentum.
Rekt Capital stated that if Solana continues, it may form a Bull Flag before challenging Range High $208 resistance again.
In particular, Rekt Capital notes that although periodic dips or “wicks” into the $173 level are okay, the price must normally maintain above the $184 weekly support to confirm the bullish perspective. The chart shows a blue horizontal line at $173 as further support.
In terms of price objectives, the chart shows an 80.57% rise from the bottom of the bull flag (“pole flag”), which might lead to a $330 target if confirmed in the following days or weeks.
The lower time frames favor Solana Bears.
Solana lost momentum on the 2-hour chart, suggesting short-term consolidation or bearish trend. SOL fell -13%, breaking a strong rising trendline (black) that had supported its rise.
The price has broken through the Fibonacci retracement levels from the swing low at $162.68 to the swing high at $204.19, hanging around the 0.618 Fib level at $178.54. This level is usually a good support zone, but a sustained breach below might drive losses into 0.786 ($171.56) and the entire retracement at $162.68.
Volume indicators reveal a sharp rise in selling pressure throughout the price drop, supporting negative momentum. The Relative Strength Index (RSI) has dropped to 29, nearing oversold territory. This means sellers are in charge, but if the RSI sinks lower into oversold circumstances, reactive buying may occur.
$SOL #sol
The Solana (SOL) price has plummeted 7.5% in 24 hours, following the crypto market's trend. Known analyst Rekt Capital says there's no need to be negative.
The crypto researcher said that Solana's consolidation pattern suggests an 80% price surge in a recent technical study. Rekt Capital says Solana is trading in a bull flag on Binance's weekly SOL/USD chart.
Traders look for a strong breach above the flag to confirm the uptrend. The analyst notes that Solana just rejected the top of the bull flag formation at $208, signaling a short-term halt in its upward momentum.
Rekt Capital stated that if Solana continues, it may form a Bull Flag before challenging Range High $208 resistance again.
In particular, Rekt Capital notes that although periodic dips or “wicks” into the $173 level are okay, the price must normally maintain above the $184 weekly support to confirm the bullish perspective. The chart shows a blue horizontal line at $173 as further support.
In terms of price objectives, the chart shows an 80.57% rise from the bottom of the bull flag (“pole flag”), which might lead to a $330 target if confirmed in the following days or weeks.
The lower time frames favor Solana Bears.
Solana lost momentum on the 2-hour chart, suggesting short-term consolidation or bearish trend. SOL fell -13%, breaking a strong rising trendline (black) that had supported its rise.
The price has broken through the Fibonacci retracement levels from the swing low at $162.68 to the swing high at $204.19, hanging around the 0.618 Fib level at $178.54. This level is usually a good support zone, but a sustained breach below might drive losses into 0.786 ($171.56) and the entire retracement at $162.68.
Volume indicators reveal a sharp rise in selling pressure throughout the price drop, supporting negative momentum. The Relative Strength Index (RSI) has dropped to 29, nearing oversold territory. This means sellers are in charge, but if the RSI sinks lower into oversold circumstances, reactive buying may occur.
$SOL #sol
Analysts expect April 2024 to reverse #BTC 's current drop below $70k.
Bitcoin has been “rising from the ashes” this year. BTC danced around $20,000 before reaching $70,000. The price has retraced to ~$66,000 and is attempting resistance around $68,000. Bitcoin is $66,768.96 as of this writing. The past 24 hours saw a 3.51% drop and the previous week 5.045. Speculation suggests the token might end the year at $100,000 or $125,000 despite uncertainty.
April 2024 gets the most attention. Based on the month, it will host the Halving event, which will reduce supply and make the token scarce. Analysts expect the month to reverse Bitcoin's current slide to below $70,000.
Bitcoin analyst opinions: April tale!
Famous experts usually fuel conjecture. Some advocate a bull run, while others take precautions. BTC has the same kind, but their statements are strongly weighted on the future, which might cause a bull run.
Zia ul Haque predicts a tumultuous Halving month. Whale hunting liquidation has dropped prices to $69,000. More may be available regardless of whale hunting. Zia added that April will be better than March, as seen by the 14.2% increase.
Kenobi noted another point. Bitcoin has closed 7 green months in a row for the first time. This may indicate that Bitcoin has grown for 7 months straight. It has excited the community, but they should be cautious of the crypto market's volatility.
Ali_Charts thinks $68,300 is good for the cryptocurrency. Price is below that line, and new support is $65,250–$63,150. They said that Bitcoin must maintain $70,320 for a huge increase. The only encouraging news regarding BTC is its 7.71% 30-day increase. Every other factor suggests a drop that may need to be corrected for newcomers.$BTC
According to Michaël van de Poppe, Bitcoin is now undergoing a period of consolidation gradually. They produced $67,000 for support and $71,700 for a last breakout for the token. Michaël predicts a new ATH before Halving in April 2024. After breaking $65,000, the token tested fresh resistance.
#Memecoins #BullorBear #BTC
Bitcoin has been “rising from the ashes” this year. BTC danced around $20,000 before reaching $70,000. The price has retraced to ~$66,000 and is attempting resistance around $68,000. Bitcoin is $66,768.96 as of this writing. The past 24 hours saw a 3.51% drop and the previous week 5.045. Speculation suggests the token might end the year at $100,000 or $125,000 despite uncertainty.
April 2024 gets the most attention. Based on the month, it will host the Halving event, which will reduce supply and make the token scarce. Analysts expect the month to reverse Bitcoin's current slide to below $70,000.
Bitcoin analyst opinions: April tale!
Famous experts usually fuel conjecture. Some advocate a bull run, while others take precautions. BTC has the same kind, but their statements are strongly weighted on the future, which might cause a bull run.
Zia ul Haque predicts a tumultuous Halving month. Whale hunting liquidation has dropped prices to $69,000. More may be available regardless of whale hunting. Zia added that April will be better than March, as seen by the 14.2% increase.
Kenobi noted another point. Bitcoin has closed 7 green months in a row for the first time. This may indicate that Bitcoin has grown for 7 months straight. It has excited the community, but they should be cautious of the crypto market's volatility.
Ali_Charts thinks $68,300 is good for the cryptocurrency. Price is below that line, and new support is $65,250–$63,150. They said that Bitcoin must maintain $70,320 for a huge increase. The only encouraging news regarding BTC is its 7.71% 30-day increase. Every other factor suggests a drop that may need to be corrected for newcomers.$BTC
According to Michaël van de Poppe, Bitcoin is now undergoing a period of consolidation gradually. They produced $67,000 for support and $71,700 for a last breakout for the token. Michaël predicts a new ATH before Halving in April 2024. After breaking $65,000, the token tested fresh resistance.
#Memecoins #BullorBear #BTC
