If the BTC 15m chart drops and closes below 60270, you can consider that BTC has entered a bearish momentum, and you can exit your long position. (This information is valid until 05:30 AM IST) for the next 6 hours.
📈 Over $1 billion worth of Bitcoin withdrawn from exchanges in the past week, contributing to BTC's rise above $38,000 and reflecting increased demand amidst expectations of BTC spot ETF approval, with cryptocurrency market capitalization recovering to $1.5 trillion. Analysts suggest the need for continued low interest rates and reduced austerity measures by global banks to sustain this trend. 📊🚀💼 #Bitcoinworld
Detective Catz pointed out that many people have set sell limits at $0.2 for SEI, which is why the price has struggled to break through that barrier. However, he hinted that with more time, SEI could push past this psychological resistance.
Altcoin Dispatch provided a technical analysis indicating SEI is breaking out of its supply zone around $0.19. He believes this breakout could fuel a pump to $0.28 based on his chart analysis.
SEI’s recent price breakout and 28% single-day spike suggest traders see its potential to lead this high-demand space as other Layer 1s have failed to fully support DEXes. SEI could be on its way to cementing dominance as the goto Layer 1 for decentralized exchanges.
$SEI #dyor #Binance
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