Binance Square
LIVE
LIVE
Crypto Web3 Today
Ανατιμητική
--10.8k views
Bitcoin (BTC) Eyes Big Move to $75,000 If This Plays Out. Amid heightened anticipation and market activity, Bitcoin (BTC) tested the critical $72,000 resistance level three times in recent weeks. This repeated attempt to breach the formidable barrier has ignited speculation about the potential for a new all-time high (ATH) if the resistance can be decisively broken. Bitcoin's recent price action has been characterized by its struggle to break past the $72,000 mark. The $72,000 mark has become a line in the sand for Bitcoin, representing a level of resistance that has been difficult to overcome. This resistance level has proven to be a significant psychological and technical barrier for traders and investors alike. Each of the three tests of this level was met with strong selling pressure, preventing BTC from making a sustained move higher. However, should Bitcoin manage to break above this level, it could trigger a short squeeze, potentially catapulting the currency to a new all-time high (ATH) of $75,000. Market analysts and traders are closely monitoring Bitcoin's price behavior at this resistance level. The repeated tests suggest building momentum that could potentially lead to a breakout. Historically, such persistence often precedes significant price movements, as resistance levels tend to weaken with each successive test. Bitcoin requires breach of $72,000. Glassnode cofounders, named Negentropic on X, highlight the significance of BTC testing the $72,000 resistance level thrice. While this remains a formidable barrier, they note that a confirmed break above this key level could push BTC to a new ATH of $75,000. According to Negentropic, the $72,000-$74,000 range is marked by high supply and selling pressure. A sudden breach here could trigger a short squeeze, propelling BTC to unprecedented heights. In the very short term, the chances for Bitcoin range trading remain, with prices expected to range between $64,000 and $72,000. This consolidation phase might give altcoins a chance to shine.

Bitcoin (BTC) Eyes Big Move to $75,000 If This Plays Out.

Amid heightened anticipation and market activity, Bitcoin (BTC) tested the critical $72,000 resistance level three times in recent weeks. This repeated attempt to breach the formidable barrier has ignited speculation about the potential for a new all-time high (ATH) if the resistance can be decisively broken.

Bitcoin's recent price action has been characterized by its struggle to break past the $72,000 mark. The $72,000 mark has become a line in the sand for Bitcoin, representing a level of resistance that has been difficult to overcome.

This resistance level has proven to be a significant psychological and technical barrier for traders and investors alike. Each of the three tests of this level was met with strong selling pressure, preventing BTC from making a sustained move higher.

However, should Bitcoin manage to break above this level, it could trigger a short squeeze, potentially catapulting the currency to a new all-time high (ATH) of $75,000.

Market analysts and traders are closely monitoring Bitcoin's price behavior at this resistance level. The repeated tests suggest building momentum that could potentially lead to a breakout. Historically, such persistence often precedes significant price movements, as resistance levels tend to weaken with each successive test.

Bitcoin requires breach of $72,000.

Glassnode cofounders, named Negentropic on X, highlight the significance of BTC testing the $72,000 resistance level thrice. While this remains a formidable barrier, they note that a confirmed break above this key level could push BTC to a new ATH of $75,000.

According to Negentropic, the $72,000-$74,000 range is marked by high supply and selling pressure. A sudden breach here could trigger a short squeeze, propelling BTC to unprecedented heights.

In the very short term, the chances for Bitcoin range trading remain, with prices expected to range between $64,000 and $72,000. This consolidation phase might give altcoins a chance to shine.

Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο. Δείτε τους Όρους και προϋποθέσεις.
0
Απαντήσεις 2
Εξερευνήστε τα τελευταία νέα για τα κρύπτο
⚡️ Συμμετέχετε στις πιο πρόσφατες συζητήσεις για τα κρύπτο
💬 Αλληλεπιδράστε με τους αγαπημένους σας δημιουργούς
👍 Απολαύστε περιεχόμενο που σας ενδιαφέρει
Διεύθυνση email/αριθμός τηλεφώνου
Σχετικός δημιουργός
LIVE
@Crypto_Web3_Today

Ανακαλύψτε περισσότερα από τον Δημιουργό

Shocks Shiba Inu's 52% Drop in Key Metric Shibarium. The Shiba Inu blockchain, Shibarium, has seen a dramatic drop in activity over the past 24 hours. As data from Shibariumscan shows, transaction fees collected on this layer-2 blockchain have dropped by 52% in the last 24 hours, from 46.5 BONE to 22.33 BONE. For those unfamiliar with the Shiba Inu ecosystem, it is important to clarify that Shibarium facilitates the transfer of Shiba Inu tokens, using BONE tokens to cover transaction fees. Specifically, each transaction contributes to the burning of SHIB tokens, with a portion of the BONE transaction fee being converted to SHIB tokens and sent to the burning wallet. The drop in fees at Shibarium was naturally caused by a drop in transaction fees on the Shiba Inu blockchain. In the last 24 hours, the number of transactions through Shibarium dropped from 9,181 to 4,751. In addition, the number of active accounts interacting on the network of Shiba Inu decreased from 1,077 to 616. As you can see from all of this data, the Shiba Inu network has seen a decline on all fronts. What this is due to is an open question. It is likely that current market participants, including Shiba Inu enthusiasts, do not see opportunities or interest in active participation in Shibarium. As we know, the crypto economy is highly dependent on attention, and if there is any conclusion to be drawn, it is that the Shiba Inu network and the entire ecosystem built around a popular meme-inspired cryptocurrency is not attracting it enough.
--
Bitcoin (BTC) Futures Trading Intensifies With Growing Bullish Sentiment. In a recent development that underscores the growing optimism on the cryptocurrency market, Bitcoin (BTC) futures trading has seen a marked increase in activity, driven by a shift in market sentiment toward bullishness. Matrixport, a prominent player in the digital asset space, highlighted the trend in a tweet, noting that Bitcoin's funding rate had been positive during the last few weeks, as sentiment had shifted more toward bullishness. They mentioned that futures trading positioning had also increased in the last 24 hours, signaling that fast traders (futures traders) were expecting Bitcoin to continue to rally. The positive funding rate for Bitcoin futures is a critical indicator of market sentiment. A positive funding rate means that traders holding long positions (betting on a price increase) are paying a fee to those holding short positions (betting on a price decrease). This scenario typically reflects bullish market sentiment, as it suggests that the majority of traders are confident that the price of Bitcoin will rise. The increase in futures trading positioning within the last 24 hours is another significant signal. It suggests that futures traders, who are often known for their quick reactions to market movements, are positioning themselves for a continued rally in Bitcoin's price. This behavior indicates a strong belief in the upward momentum of Bitcoin, bolstering the overall bullish sentiment on the market. Current market performance. Despite the bullish sentiment and increased futures trading activity, the current price of Bitcoin stands at $68,883, reflecting a slight decrease of 0.32% in the last 24 hours. However, it is important to note that Bitcoin's price has surged by 8.63% over the past 30 days, showcasing a robust performance amid fluctuating market conditions. The 24-hour trading volume of Bitcoin also provides a lens into the heightened market activity. Currently, the trading volume is up by 20.70%, standing at $29.3 billion.
--
Ethereum (ETH) Whales Make $32 Million Move -What's Happening? In a significant development on the cryptocurrency market, a massive Ethereum (ETH) transfer has caught the attention of investors and analysts alike. Whale Alert, a prominent blockchain tracking service, tweeted that 8,759 ETH, worth around $32.96 million, have been transferred from an unknown wallet to Coinbase. This transfer signals a potential sell-off from an Ethereum whale. Whale movements often serve as significant indicators of market sentiment. Large transfers, especially those heading toward exchanges like Coinbase, typically suggest that the whale might be preparing to sell a portion of their holdings. Such actions can lead to increased volatility and potential price adjustments as the market reacts to the influx of supply. Current market sentiment. The cryptocurrency market is known for its volatility, and whale movements often exacerbate this characteristic. While the exact intentions behind the recent transfer remain speculative, the market's response has been cautious. As of the latest data, the price of Ethereum stands at $3,761, marking a 1.40% decline in the last 24 hours. The recent whale movement has added a layer of intrigue to the market, as investors speculate on the potential impact of such large transfers on ETH's price trajectory. ETH's price dip in the last 24 hours could be partially attributed to the transfer news, as traders and investors react to the potential implications. Despite the recent dip, Ethereum's overall performance has been strong. The 20.86% increase over the last 30 days highlights the cryptocurrency's upward momentum, driven by several factors, including the broader market recovery, the spot Ethereum ETF approvals, and the ongoing development within the Ethereum network. Overall, the recent transfer of ETH to Coinbase has certainly stirred the waters within the market. While the exact intentions of the whale remain unclear, such large movements are always noteworthy and can significantly impact market dynamics.
--
--

Τελευταία νέα

Προβολή περισσότερων
Χάρτης τοποθεσίας
Cookie Preferences
Όροι και Προϋπ. της πλατφόρμας