The decline in UTXOs under six months has halted and is now leveling off, with only 8.6% of investors currently at a loss at Bitcoin’s present price. Historically, when the decrease in UTXOs under six months stopped and showed a sharp increase, Bitcoin’s price experienced a significant surge. During those periods, the percentage of investors in a loss zone converged toward zero.
For Bitcoin’s price to see further growth, a favorable market sentiment is required, which is reflected by the influx of new investors. These new investors typically show interest when optimism begins to rise, and there will likely be an explosive influx when Bitcoin reaches a new all-time high.
If history repeats itself, the current price of Bitcoin could be seen as being on the verge of an explosive breakout.
Bitcoin's market dynamics are showing promising signs of a potential surge. The decline in UTXOs (Unspent Transaction Outputs) under six months has halted and is now stabilizing. Currently, only 8.6% of investors are at a loss at Bitcoin’s present price. Historical data indicates that when the decrease in UTXOs under six months stops and shows a sharp increase, Bitcoin’s price often experiences significant growth.
For Bitcoin to see further upward momentum, a favorable market sentiment is essential. This sentiment is typically driven by an influx of new investors, who are attracted by rising optimism. An explosive influx of new investors is likely when Bitcoin reaches a new all-time high. If historical patterns hold true, Bitcoin's current price could be on the brink of a substantial breakout.
🚗💰 Tesla's Crypto Stash: Still HODLing Strong! 💰🚗
- Tesla's Q3 2024 earnings reveal the company hasn't sold any of its $184M in digital assets for five straight quarters. Talk about diamond hands!
- Revenue dipped slightly to $25.18B from Q2's $25.5B, but net income soared to $2.18B. Not too shabby, Elon!
- Arkham Intelligence spotted Tesla-linked wallets moving Bitcoin after a long nap since 2022. Current balance? A cool 11,509 BTC, worth about $750M.
- Despite the Robotaxi reveal sinking Tesla's stock by 8%, their crypto game remains strong. 🚀
Stay tuned for more crypto capers!
🚗💰 Tesla's Crypto Stash Untouched! 🤑
In Tesla's Q3 2024 earnings report, the electric car giant revealed it hasn't sold any of its $184M in digital assets for five straight quarters. Talk about HODLing! 📈
Despite a slight dip in revenue to $25.18B, net income soared to $2.18B. Tesla's Bitcoin (BTC) holdings, initially acquired in 2021, remain a hot topic among crypto enthusiasts.
Interestingly, onchain analytics firm Arkham Intelligence noted some BTC movement from Tesla's wallets. But fear not, Tesla still holds 11,509 BTC, valued at around $750M.
What do you think? Share your thoughts below! 👇
🚀 Ripple CEO Brad Garlinghouse just dropped a bombshell at DC Fintech Week! 💣 He revealed that Citigroup, his bank of 25 years, gave him the boot for being too "crypto-famous." 😲
1️⃣ Garlinghouse says the crypto industry is facing a de-banking crisis, with regulators pushing banks to cut ties.
2️⃣ He slammed the current U.S. administration, calling for a "reset" post-elections.
3️⃣ Despite the drama, he's optimistic about the future of crypto policy and even hinted at an inevitable XRP ETF! 📈
What do you think? Is this a speed bump or a roadblock? Let's discuss! 💬 #DeFi #Web3 #CryptoOptimism
**Tesla's Q3 2024 Earnings: Crypto Holdings Steady, Revenue Dips Slightly**
Tesla's Q3 2024 earnings report, released on Oct. 23, shows the company hasn't sold any of its $184 million in digital assets for the fifth consecutive quarter. Despite a slight revenue drop to $25.18 billion from Q2's $25.5 billion, net income surged to $2.18 billion from $1.5 billion.
Tesla, which grabbed crypto investors' attention in 2021 with a $1.5 billion Bitcoin purchase, continues to hold 11,509 BTC, valued at around $750 million. Recent wallet activity sparked speculation but confirmed no sales.
Meanwhile, Tesla's stock dipped 8% after Elon Musk's reveal of self-driving taxicabs, despite his confidence in their future.
ICP is showing a consolidation phase within a triangle pattern.
💬The price is approaching the apex, signaling a possible breakout soon.
⭐️A move above $9.05 could set the stage for a run toward $10.05 or even $15.30 in the medium term.
❌However, a breakdown below $8.20 may lead to a deeper correction.
Key Resistance: $9.05, $10.05, $15.30
Key Support: $8.20, $8.04, $6.78
$ICP #DYOR
{spot}(ICPUSDT)
$BONK 𝗣𝗥𝗜𝗖𝗘 𝗣𝗥𝗘𝗗𝗜𝗖𝗧𝗜𝗢𝗡: 𝟭𝟮𝟬% 𝗥𝗔𝗟𝗟𝗬 𝗟𝗢𝗢𝗠𝗦 𝗔𝗠𝗜𝗗 𝗠𝗔𝗥𝗞𝗘𝗧 𝗣𝗨𝗟𝗟𝗕𝗔𝗖𝗞
BONK's price plunged 3.% to $0.00002183, with its market cap falling by $1.63 billion, but crypto analysts foresee a major breakout from its multi-year pattern, warning investors "you're not ready" for the potential rally. Despite the downturn, $BONK price has fluctuated within a giant triangle pattern since March 2024, hinting at a bullish momentum buildup.
A recent 34% surge from $0.000019 to $0.000025 drives optimism, with crypto analyst Unipcs predicting an imminent breakout. Growing investor confidence is evident in BONK's 52% open interest surge to $8.56 million, likely fueled by Upbit's spot trading listing.
Amid a three-day pullback, $BONK holds above the key support level of $0.000021, with buyers defending lower levels. Analysts predict a 120% rally to $0.00005 if support holds, but caution that a drop below $0.000021 would invalidate the bullish outlook.
With its resilience and growing investor interest, BONK's price could soar, catching investors off guard. The combination of technical analysis and market sentiment suggests a significant breakout is on the horizon.
$XVS
{spot}(XVSUSDT)
{future}(XVSUSDT)
Moving Average (MA 200):
The 200 SMA is positioned at $7.42, and the price is currently trading below it at $7.08, suggesting bearish pressure. This implies the market is facing downward momentum, with the 200 SMA acting as a resistance level.
VWAP:
The VWAP is currently at $7.06, close to the current price. This suggests that the price is near equilibrium. A break above VWAP may signal short-term bullish strength, while a drop below could indicate further downside potential.
RSI:
The RSI is at 37.10, indicating that XVS/USDT is approaching oversold conditions. A reversal could be expected if the RSI dips further and buyers step in at this level.
MACD:
The MACD is showing a bearish trend, with the MACD line at -0.03 and the signal line at -0.08. The negative histogram suggests continued downward momentum, but the potential for a bullish divergence should be monitored.
Bullish Scenario:
If XVS/USDT manages to regain the 200 SMA and rise above $7.42, the next target could be testing the resistance levels near $7.50 and beyond. A successful breakout above this zone would indicate renewed bullish momentum.
Bearish Scenario:
A failure to hold the $7.00 level, coupled with continued rejection below the 200 SMA, could lead to further downside movement, with support levels at $6.50 and $6.00. This would confirm bearish dominance.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
JTO/USDT at Critical Crossroads
$JTO
{future}(JTOUSDT)
{spot}(JTOUSDT)
Moving Average (MA 200):
The 200 SMA is positioned at $2.179, while the current price is $2.235, meaning the price is slightly above the 200 SMA. This suggests that there is still bullish pressure if the price can maintain above this level.
VWAP:
The VWAP is at $2.164, just below the current price of $2.235, which indicates that there’s potential bullish momentum building up. A breakout above recent highs could confirm stronger momentum.
RSI:
The RSI is sitting at 54.96, which is in neutral territory, suggesting the price has room to move in either direction without being overbought or oversold. It’s a balanced market sentiment for now.
MACD:
The MACD line is at -0.003, with the signal line at -0.009. The MACD histogram is showing slight upward momentum, but it’s still in negative territory. This suggests the bears might still have some control, but a reversal could be imminent if the trend continues upward.
Bullish Scenario:
If JTO/USDT manages to break above $2.300, the next target could be the resistance around $2.400. A breakout of this level could see bullish momentum accelerate, taking the price towards the $2.600-$2.800 range.
Bearish Scenario:
Failure to hold the support at $2.164 could lead to a breakdown, with the next major support lying around $2.000. A sustained move below this level would open the door to further downside, with $1.800 as a possible next target.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
PEPE/USDT Hovering Above 200 SMA
$PEPE
{spot}(PEPEUSDT)
Moving Average (MA 200):
The 200 SMA is currently positioned at $0.00000976, and the current price of PEPE/USDT is $0.00000977, just slightly above the 200 SMA. This suggests that the asset is teetering near a critical support level, and holding above the 200 SMA could indicate that buyers are stepping in to defend the support.
VWAP:
The VWAP is positioned at $0.00000978, very close to the current price. This shows equilibrium between buyers and sellers. A move above the VWAP would signal bullish momentum, while a drop below might suggest further downside.
RSI (Relative Strength Index):
The RSI is at 32.99, indicating that the asset is nearing oversold conditions. If buyers re-enter the market, we could see a potential bounce, but further drops could signal continued bearish dominance.
MACD:
The MACD line is at -0.00000016, while the signal line is at -0.00000011, both below zero. This indicates that the bearish momentum is still strong. However, if the histogram begins to show less negative values, it could be a sign that bearish momentum is weakening.
Bullish Scenario:
A break above the 200 SMA and VWAP levels, currently around $0.00000978, could indicate a short-term bullish recovery. A target for bulls would be the $0.00001000 level and above.
Bearish Scenario:
If PEPE/USDT fails to hold above $0.00000976, we could see further downside pressure. The next support levels to watch would be $0.00000900 and potentially lower if bearish momentum persists.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
$ALPHA - Usdt ✅👇
We observe a global sideways movement, where a deviation occurred at the lower end, and now the asset is being bought up
Currently, I would expect a brief consolidation/correction, followed by a spike, as we have been in an accumulation phase for a long time. Now, with buying starting to emerge, I anticipate a breakout above the upper boundary of the range.
Accumulation Zone - $0.0895- $0.0424
🔸 Local Target - $0.3011
🔸 Global Target - $0.6964
$SOL $NEAR