$BTC Technical Outlook:

A liquidity sweep or flash crash is anticipated shortly, with key support levels targeted, which could trigger a significant sell-off across altcoins. Following this, a market rotation will likely occur, shifting capital from Bitcoin dominance into altcoins, potentially sparking a multi-month alt season.

The current market structure and momentum also suggest that a $100K Bitcoin target is achievable in the near term, in line with broader macroeconomic trends. While volatility is expected, the outlook remains promising for Bitcoin and altcoins.

$XLM  has surged by 99% in the past 7 days, which suggests a bullish sentiment owing to the connection with $XRP . Both have always had their prices tied closely together because both these currencies share a similar structure in their blockchains.

Dogecoin's price has recently been showing bearish signals on technical analysis charts, with the TD Sequential indicator displaying a 'sell' signal. This could suggest that the currency may be set for a short-term decline, with new support levels and potential sell targets starting at $0.17.

Investors should be aware of these indicators and watch for any price movements. In addition, investors should also consider other factors such as news and general sentiment before investing in DOGE. If the current trend continues, DOGE could see further declines in its value.

Exciting Times in the Crypto Waves! 🌊

Dive into the latest on Local Wave 5 - Will it complete its journey or surprise us with an extension? 💹

The current diagonal is in focus, with the potential to transform into a leading force as Wave 1 of 5. 📊

Market Predictions are buzzing - will the bullish momentum continue to ride the wave or are surprises in store?

$BTC

Wondering why $USTC is pumping?

It's not just a coincidence. The breakout from a 72-week downtrend and a falling wedge pattern unleashed pent-up pressure.

Mass liquidations of short positions further fueled the rise. Short squeezes, like AMC and GameStop, involve forced buying, triggering FOMO and exaggerating price spikes.

USTC is now on the path to its next long-term bullish target.

A whopping 76.2% of the #Bitcoin supply remains stationary, reflecting robust holder confidence amidst market challenges!

In other words, only 23.8% of $BTC is in circulation!

Should whales 🐋 choose to make purchases, this could help maintain a higher price! 📈

Credit: CryptoBusy

Investors remain confident in the cryptocurrency market as around 70.35% of the total Bitcoin supply has not moved in over a year. The data is according to analytics firm Glassnode, which tracks the activity of all bitcoins. This trend indicates that investors believe in the future of Bitcoin and are unwilling to sell for short-term profits. It also shows that stores of wealth have shifted into cryptocurrency from traditional markets such as fiat currency and gold.

Analysts suggest this could be an indication of further growth potential for the cryptocurrency market, as long-term holders are invested based on confidence rather than greed or speculation. This bullish sentiment comes despite news about regulatory uncertainty amongst some governments and skepticism from traditional market analysts. Overall, this data from Glassnode suggests that Bitcoin remains a strong buy even with a turbulent 2020 so far, and could be indicative of further growth potential in 2021.

$TEL / $BTC (UPDATE!)

✅Trend line breakout (Red Line)

✅Above 200MA

✅LFG!

#BitcoinETF #TELCOIN

Source: Bitlars ⓣ

Major Swiss banking group UBS has recently announced that their clients in Hong Kong will now be able to trade crypto exchange-traded funds (ETFs). The company's clients will have access to both Ethereum and Bitcoin ETFs, provided by firms such as Evolve Funds Group Inc. and 3iQ Corp. This move marks a continuation of UBS’ efforts to make greater use of blockchain technology in its operations.

UBS has been actively investigating ways that it can capitalize on the potential of digital assets, giving them an edge over other traditional banks. Just last year they launched a dedicated unit for researching the sector, dubbed ‘Blockchain.

$BTC / $USD - Update

There will be some juicy entries on our #altcoins again if you were sidelined, and I am expecting a nice pump up, deviation back below $36,000, and down to $32,000 - $31,000.

Chart Credit: CryptoTony

Bitwala, an app-based banking service in Europe, announced a partnership with Striga to relaunch its platform and offer users easy access to crypto banking solutions. The new platform enables customers to buy and sell cryptocurrencies, top-up accounts instantly, pay bills using digital currencies and use virtual debit cards for online payments.

Furthermore, the partnership marks the first step towards giving customers full control over their finances by allowing them to transfer and store funds safely without any intermediaries. Through this collaboration, Bitwala seeks to expand its services while also providing users with a secure environment for managing their finances. The joint venture is intended to make cryptocurrency more attractive and accessible for everyday financial activities.

Bitcoin fees have seen a rapid increase since August 2020, with fees rising nearly 1,000%. This is due to the increased congestion on the Bitcoin network, causing more demand for transactions and resulting in increased cost.

As block sizes are limited, users must pay higher fees in order to get their transactions processed faster. Additionally, miners are increasingly opting to prioritize high-fee transactions over lower fee ones in order to maximize their profits.

The result of this is that users are now encouraged to include higher transaction fees when they transact with Bitcoin.

Cryptocurrency exchange giant Binance has launched a new web3 wallet for its users, designed to improve convenience and accessibility. The wallet is available on mobile and desktop and offers full support for web3-enabled dapps. It also provides users with the ability to store, send and receive Ether, Ethereum-based tokens, as well as other key crypto assets. The wallet is integrated into the Binance platform, allowing easy access from within the app or website.

It comes complete with features such as multi-signature protection, two-factor authentication and more. With this launch, Binance aims to make it easier and more secure for users to access their funds directly from their digital wallets and take part in DeFi projects built on the Ethereum blockchain. This move will open up possibilities for increased user interaction with different decentralised protocols on Ethereum's network, while making sure that user funds remain safe at all times.

Can Bitcoin Misery Index guide us through a Bear Market. well, with the crypto market in bear territory, investors are left searching for guidance on how to navigate the downward trend. Amidst this uncertainty, one metric has emerged as a potential source of insight. The Bitcoin Misery Index is based on data pulled from major crypto exchanges and is designed to measure investor sentiment in relation to the state of the market. The index takes into account factors such as volatility, trading volume, and all-time highs and lows.

By using this information, investors can determine the overall direction of the market and make educated decisions about their investments. One thing to consider when looking at the BMI is that it gives an overall picture of sentiment rather than individual investment advice. Still, its ability to generally define whether or not now is a good time to buy or sell can be valuable in making key decisions while navigating a bear market. turn this into the post.

On October 31, 2023, TON set a new world record by achieving an impressive peak of 104,715 transactions per second, completing a total of 107,652,545 transactions within 25 minutes during its first public performance test.

Validated and confirmed by CertiK Community, this performance establishes TON as the world's fastest and most scalable blockchain, surpassing the processing speeds of all L1 blockchains and renowned centralized payment networks such as PayPal, Visa, and Mastercard.

Bitcoin settled more than 40 million transactions in a single quarter for the first time since its inception in Q3 of 2023