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What is the date when the first block of the #Bitcoin blockchain was produced?
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This Indicator Turned Positive! Will Selling Pressure for Bitcoin Ease? 🤔 🚀M2 money supply developments are accelerating rapidly! Get ready for the Bitcoin journey... Here begins the journey. In a report released on May 2, crypto analysis firm Glassnode stated that “net outflows have increased during April, which means consistent selling pressure” on the flagship Bitcoin of cryptocurrencies. On the other hand, Bitcoin's price is currently trading at $59,586, down 9.75% in the last 30 days. The M2 Money Supply is an estimate of all cash and short-term bank deposits held across the country, returning positive from year to year as of May 1. This shows that the money in circulation is generally increasing and is generally considered an indicator that investors are oriented towards assets that perform better during periods of high inflation. Historically, Bitcoin and the cryptocurrency market have begun to outperform traditional financial markets with an increase in global M2 supply. This could mean a new increase in BTC and cryptocurrencies for the coming period. For the first time of the M2 Money Supply, "positive on an annual basis… DYOR #BTC #BullorBear #bitcoin #Analysis $BTC
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Celestia's Market Situation and Price Predictions Recently, the performance of Celestia (TIA) cryptocurrency in the market is showing an overall downward trend. This volatility in the market has led to a decline in investors' interest. Especially its high correlation with Bitcoin stands out as an important factor in the depreciation of TIA. Down in Open Interest and Investor Behavior Open interest rates on TIA have decreased significantly over the past month. This shows that investors in the market are starting to concentrate only on profitable transactions. Investors prefer to wait until they observe a stable situation in the market. TIA's market cap continues to decline, especially in line with the declines in Bitcoin. This situation strengthens expectations that TIA may continue its downtrend in the near future. Price Predictions for the Future Celestia's current price movements showed a decline towards the $9.2 support level. If this support is broken, TIA could drop to $8.3 or even $7 levels. However, if the market holds the $8.3 support intact, there is a chance that TIA will rise again and reach the $10 level. #BTC #celestia #ANALYSIS $TIA
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General Market Decline and Solana's Situation ⬇️📈📊 Although Solana is among the major smart contract platforms, it has been significantly affected by the overall market decline. Sales that started on March 20 caused a decline in the price of Solana-based meme coins and SOLCoin. Current assessments predict that SOL Coin investors can sell quickly if the Bitcoin price drops. Market Evaluations and RSI Indicator Bitcoin's price is currently at $63,375, while LEFT Coin is trading at $135. The RSI indicator went below the neutral zone, signaling the oversale potential. This suggests that the price of SOL Coin could fall further. In addition, the Sharpe rate states that the reward rate of investors is weak and the appetite for the market is low. Risk Measurement and Price Forecasts The Sharpe Rate has reached its lowest level in four months, suggesting that investors tend to avoid investment. The price of SOL Coin has recently fluctuated between $134-135 and has failed to exit its rising triangle formation. The formation of a death cross indicates that there may be larger sales in the near future. The RSI to Sharpe ratio shows that SOL Coin investment is risky and investors should be careful. The death cross signal is considered a significant bearish signal, and investors are advised to be prepared for possible major sells. Ripples in the price of Bitcoin can have a direct impact on the LEFT Coin and cause price drops. As a result, current market conditions and technical indicators reveal that those who will invest in SOL Coin and similar cryptocurrencies should be extremely careful. It is important for investors to closely follow current market analysis and price movements. $SOL $BTC $ETH #BTC #SOL #ANALYSIS
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Analysis of Dogecoin 🐶 In the cryptocurrency market, there is an atmosphere of uncertainty among investors, especially after Bitcoin's halving activity. Dogecoin, on the other hand, stands out as one of the memecoin projects that attracted attention during this period. Although there is a general fear and concern in the market, analysts for Dogecoin are giving some positive signals. The Current Situation and Future of Dogecoin Dogecoin is moving within a rising channel pattern on four-hour charts. Dogecoin, which has managed to exceed the EMA 9 (blue line) level, has not yet been successful in passing the EMA 21 (green line) level. This increases the importance of critical support and resistance levels for Dogecoin. The $0.1481, 0.1442, and $0.1388 levels, determined as support levels, play a critical role in Dogecoin's price movements. Four-hour bar closures below these levels can increase selling pressure for DOGE and negatively affect the price. Resistance Levels and Possible Scenarios Resistance levels of $0.1508, $0.1545 and $0.1589 have been identified as significant barriers to Dogecoin's upward movements. Four-hour closes above these levels could result in Dogecoin's appreciation and positive results for investors. EMA 9 and EMA 21 to Watch: For Dogecoin, the EMA 9 and EMA 21 levels should be monitored as critical support and resistance points. Four-Hour Charts Important: Closures on four-hour charts are an important indicator for understanding Dogecoin's price movements. Critical Support and Resistance Levels: The identified support and resistance levels provide important information available for investment decisions. As a result, there are many factors affecting the Dogecoin market, and investors need to constantly observe these variables. Especially EMA levels on the charts and the identified support/resistance points can be critical to Dogecoin investment strategies. DYOR #Doge $DOGE #analysis
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