Bitcoin is testing the support area and holding this level well. We may see some sideways movement over the weekend. It's crucial to watch how the global markets open on Monday.
#BITCOIN on Daily TF, had a very what is the time moment and made a back and forth move within the zone. right now price holding above the support and on a retest now. By next week we can expect some upmove.
#AAVE is been had a fakeout of the Strong Resistance Area of $112 - $113 and Dropped hard towards the support zone of $78 - $80. Price stuck in between of the zone and can have a range trading here.
Consolidating In Descending Channel & Approaching Towards Trendline 0.50-0.55 Incase Of Successful Breakout Expecting Move Towards 1$ #Write2Earn! #Write2Earn #write2earn
The Bitcoin bull-bear market indicator has turned green once more after Bitcoin's drop below $50,000 triggered its first bearish signal since January 2023.
🤓Arthur Hayes: BTC will survive under any president
🪙 Arthur Hayes said that it doesn’t matter to BTC who will become the next US president — Harris or Trump. In his opinion, any successor to Biden will be forced to “print money”, the difference will only be in the nuances.
Main points:
✔️Hayes believes that creating a Bitcoin reserve is unrealistic even if Trump wins — the administration will rather buy precious metals.
✔️He is confident that the cryptocurrency will grow despite the winding path: “In the end, we know where it’s going.”
What happened on the market is a completely expected scenario, given the amount of liquidity that was above $50,000.
•The amount of sales was comparable to sales during the FTX crash, and the fear and greed index reached the extreme fear zone
•Therefore, I believe that the climax has already occurred, this is indicated by the general market sentiment, as well as the record number of liquidations.
•The mood on the market is still in decline - all calls to prepare for a further fall and sell are a typical situation when reaching near-bottom values.
•I do not expect a quick recovery, but I do not expect new major falls either. It is worth stocking up on patience, autumn promises to be very interesting