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🇺🇸 Donald Trump : "American crypto startups and crypto developers will live in hell if I am not elected." – The US presidential candidate announced the launch of the DeFi project World Liberty Financial. – World Liberty Financial to hold token sale #WLFI + the project's activities will be regulated by the SEC. – “The crypto industry is at the initial stage of its journey, but has great potential for development.” – “It is important to create a legal basis for cryptocurrency in the US.”
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#BTC/USDT ANALYSIS Bitcoin is currently consolidating within a descending broadening wedge pattern, facing rejection at both the 50MA and the Ichimoku Cloud, which are acting as strong resistance barriers. This suggests a potential downward movement in the near term. However, if Bitcoin successfully breaks above the 50MA and the Ichimoku Cloud, it could signal a bullish reversal, with a breakout of the wedge pattern likely leading to a sustained upward trend.
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Bullrun is about to start: - Double rate cut in two days - Michael Dell tweeting about BTC - Only 450 new BTC mined per day - Microstrategy to buy $900M more - $16B in cash coming to FTX creditors - Russia to allow mining from 1st of Nov - 370k BTC taken off exchanges since Feb
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Macro/Crypto Overview - mid September
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We are in the type of market where the power of #Dollar goes to other assets😳 Dollar produced a Huge Descending Triangle and is ready to lose the important support confluence of EMA 200 + MA 200 + Support Zone🧐 #GOLD & #S&P500 are already taking the advantage of this weak green paper and moved up significantly📈 💰 #BITCOIN is a bit delayed, but no doubts we see the breakout and rising soon🚀 UP ONLY!
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