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The Buzzing Bee
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Solana #SOL price shows signs of short-term weakness,which could cause a breakdown and retracement toward $17.34. In some interesting Solana news, applications for the next Solana blockchain hackathon have begun.Previous winners of the event include STEPN #GMT #bearorbull

Solana #SOL price shows signs of short-term weakness,which could cause a breakdown and retracement toward $17.34.

In some interesting Solana news, applications for the next Solana blockchain hackathon have begun.Previous winners of the event include STEPN #GMT

#bearorbull

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🔥NEWS 🔥: - Ripple CEO predicts the crypto market cap will double to $5 trillion by the end of 2024. - 🇧🇷 Brazil opens investigation into Elon Musk for obstruction of justice, after refusing to censor certain users on X.
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ALCXUSDT TA 🚀🌟💥 Looks like a clean break above the weekly level at around $32.32 which should be the best buy level ( $35 - $32 ) . Invalidation will be weakness below this level . A break above $48.90 will be a break in bearish market structure at the weekly timeframe . Could easily 2x from there in mid term if that happens .
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🚨🚀🚀 BTC Price Prediction: Another Rally Next READ BELOW🌟💥 While the long term target is rather difficult to identify given the unprecedented, unaccountable factors, it seems like the short-term target for Bitcoin price will be $85,000. This is drawn from the symmetrical triangle trading pattern BTC is observing at the moment. This pattern is characterized by converging trend lines, forming a triangle shape. It indicates a period of indecision in the market, with prices consolidating between higher lows and lower highs. A breakout could lead to a significant price movement. Based on the pattern, the target is set 21% above the breakout point, coming in slightly above $85,000. Thus, investors should expect a rally down the line. However, another major factor that could invalidate this bullish thesis is the realization of long-term holder profit. Historically, following new all-time highs, these holders tend to book profits, which results in Bitcoin price correction over the coming weeks. If this happens to be the case with BTC as well following the halving, Bitcoin price could correct, potentially falling back to $60,000.
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🔥🚀🌟 Bitcoin Breaks Key Resistance: $85,000 Next Bitcoin’s price recently posted a new all time high and has since been attempting to do it again. Looking at the chart, it seems that a long-term bullish outlook is the possible outcome. However, investor behavior suggests differently. Bitcoin Breaks Out Bitcoin price has been enjoying the bullishness emanating from the consistent accumulation noted by the investors. In the past week alone, the total supply of all exchanges has declined from 812,000 BTC to 799,000 BTC. This suggests that close to 13,000 BTC worth over $926 million has moved from exchanges to investors’ wallets. On the 3 day chart, Bitcoin is validating the Wyckoff pattern, a technical analysis concept that identifies trends and potential reversals in financial markets. It analyzes price and volume movements to discern accumulation, distribution, or markup phases. At the moment, Bitcoin price is breaking out of the pattern of resistance, which indicates that BTC will continue to rally over the coming trading sessions.
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15 hours left till 🚨🚨 staking SAGA on #Binance Launchpool ends. If you haven't staked yet, get involved below.
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