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has retraced to the 0.786 Fibonacci level and is now poised for a potential upward movement.
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get free USDT rewards ### BTC Breaking News: Big Opportunity for Investors Dear members, As I predicted in my previous post, Bitcoin ($BTC) will likely drop soon. If the price goes below the $57,800 support level, you should sell short. Here are the steps to follow: 1. **First target**: $55,318.37 2. **Second target**: $51,882.71 3. **Stop loss**: Set at $59,800.02 to limit any losses If Bitcoin’s price keeps falling, sellers will make a good profit. This plan can be profitable if the market goes down. Start the trade if Bitcoin ($BTC) breaks the support level. #BTC #BitcoinTherapist
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**Death Cross $BTC Rejection: What's Next for BTC?** Bitcoin tested the Death Cross again today on the daily chart, but low trading volume caused it to be rejected. What does this mean for the market? **What Is a Death Cross?** A Death Cross happens when the 50-day moving average (50MA) crosses below the 200-day moving average (200MA). This is a bearish sign that often suggests prices will go down further. Today, Bitcoin traded between 67,900 and 60,600. We expect BTC to stay in this range for a few days. If it hits a low point around 50,500, a rally might follow. During this time, altcoins (other cryptocurrencies) might not drop much, and when recovery starts, their gains could be 4 to 6 times stronger than Bitcoin's. **Bitcoin Dominance Drops, Alts Surge!** Today, Bitcoin went up by 1.7%, while altcoins rose by 5-10%. This pattern might happen more often. The market is very unpredictable, so manage your trades carefully. We will soon give a major update on the next move. **Precautions:** 1. Use tight stop-losses to manage your trades. 2. Avoid using high leverage in these volatile conditions. 3. Focus on risk management. **Altcoin Season Alert!** If this post gets 60+ likes, we'll share a major update on the upcoming altcoin season!
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CoinDesk Indices shares its daily market update, showing the best and worst performers in the CoinDesk 20 Index. The CoinDesk 20 is currently at 1938.32, which is 0.4% (-8.4) lower than last Friday's closing value. Ten out of the 20 assets have increased in value. Top performers: APT (+17.3%) and ETH (+3.3%).
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Venezuela has started stopping people from accessing Binance, a big website for buying and selling cryptocurrencies. Binance told its users in Venezuela that other websites, including social media, are also having trouble being accessed.
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get free USDT rewards Bitcoin has been stuck for two days, like the calm before a storm. Something big is coming. All the signals, money flows, and formations are positive. I expect Bitcoin to reach $63,000 and then $66,000. But first, it needs to hit $63,000. After that, we'll see if it drops to $53,000 or goes up to $66,000. Reaching $63,000 is very important. We'll find out together by Monday. Good luck, everyone! Note: Remember the possible effects of these issues: Negative: - The war between Russia and Ukraine is getting worse. - Iran has not retaliated yet. Positive: - Trump and Elon Musk are going to speak. - The Federal Reserve might cut interest rates. - XRP won the court case against the SEC.
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