BTCBearish
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financial crisis has increased the appetite for cryptocurrencies.
While the future of Bitcoin is unknown, retail investors are required to be very cautious about each and every move of Bitcoin, as it has been a tumultuous year for Bitcoin. Bitcoiners should not forget the fact that the currency is still trading low at almost 34.26 from its all-time high. The reason behind this volatility can be attributed to the macroeconomic conditions in countries including the U.S. and the UK.
Moreover, India’s stance on cryptocurrencies continues to be firm with the government bringing all crypto-related transactions under the ambit of the Money Laundering Act. In a specific gazette notification, the Union Finance Ministry of India stated that all the transactions related to digital assets or virtual currency would fall under the purview of the Prevention of Money Laundering Act (PMLA).
On the face of it, the new development may appear damaging to the cryptocurrency community in India. On the ground, the move has been praised by the industry at large as this is a step towards regulating this space, where in the absence of regulators, the enforcement agencies will straight up take recourse to any discrepancies.
One of the other reasons why crypto experts are hopeful about Bitcoin is that, this year 2024, will be a year for Bitcoin’s halving event. The Bitcoin halving event happens every four years in which BTC rewards to its miners are cut by 50%, (the miner’s payout will be reduced to 3.125 BTC). This event is usually viewed as positive for Bitcoin’s price, as it helps in contracting supply. Historically, halving has been seen as a great sign for bringing momentum to Bitcoin’s price.
#Write2Earn
#BTCBearish
While the future of Bitcoin is unknown, retail investors are required to be very cautious about each and every move of Bitcoin, as it has been a tumultuous year for Bitcoin. Bitcoiners should not forget the fact that the currency is still trading low at almost 34.26 from its all-time high. The reason behind this volatility can be attributed to the macroeconomic conditions in countries including the U.S. and the UK.
Moreover, India’s stance on cryptocurrencies continues to be firm with the government bringing all crypto-related transactions under the ambit of the Money Laundering Act. In a specific gazette notification, the Union Finance Ministry of India stated that all the transactions related to digital assets or virtual currency would fall under the purview of the Prevention of Money Laundering Act (PMLA).
On the face of it, the new development may appear damaging to the cryptocurrency community in India. On the ground, the move has been praised by the industry at large as this is a step towards regulating this space, where in the absence of regulators, the enforcement agencies will straight up take recourse to any discrepancies.
One of the other reasons why crypto experts are hopeful about Bitcoin is that, this year 2024, will be a year for Bitcoin’s halving event. The Bitcoin halving event happens every four years in which BTC rewards to its miners are cut by 50%, (the miner’s payout will be reduced to 3.125 BTC). This event is usually viewed as positive for Bitcoin’s price, as it helps in contracting supply. Historically, halving has been seen as a great sign for bringing momentum to Bitcoin’s price.
#Write2Earn
#BTCBearish
market goes for Dump...
Alert 🚨🚨🚨🚨
Btc will dump to 40k spot for retest...
Stay safe your Trades...
Follow for more updates ...
#BTCBearish
Alert 🚨🚨🚨🚨
Btc will dump to 40k spot for retest...
Stay safe your Trades...
Follow for more updates ...
#BTCBearish
Bitcoin's Technicals Suggests Deeper Pullback to $38K: Analyst
Bitcoin's RSI divergence signals correction, 10x Research said.
Bitcoin (BTC) has declined over 5% to $42,600 since spot ETFs debuted in the U.S. on Thursday in what appears to be a classic "sell the fact" price action.
The sell-off could continue over the near term, according to analysis of bitcoin's price patterns and technical indicators by 10x Research.
Bitcoin's RSI divergence signals correction," 10x Research, led by Markus Thielen, said in a note to clients Monday, adding the pullback could run out of steam near the dynamic support level of $38,000.
A bearish divergence occurs when prices reach a new extreme and momentum indicators like the relative strength index (RSI) don't, hinting at upside exhaustion.
BTC hit a two-year high above $49,000 last week, which the 14-day RSI failed to confirm, as seen in the chart below. The subsequent price drop has validated the bearish divergence.
#Write2Earn #Bitcoin #BTCBearish $BTC $ETH $JUP
Bitcoin's RSI divergence signals correction, 10x Research said.
Bitcoin (BTC) has declined over 5% to $42,600 since spot ETFs debuted in the U.S. on Thursday in what appears to be a classic "sell the fact" price action.
The sell-off could continue over the near term, according to analysis of bitcoin's price patterns and technical indicators by 10x Research.
Bitcoin's RSI divergence signals correction," 10x Research, led by Markus Thielen, said in a note to clients Monday, adding the pullback could run out of steam near the dynamic support level of $38,000.
A bearish divergence occurs when prices reach a new extreme and momentum indicators like the relative strength index (RSI) don't, hinting at upside exhaustion.
BTC hit a two-year high above $49,000 last week, which the 14-day RSI failed to confirm, as seen in the chart below. The subsequent price drop has validated the bearish divergence.
#Write2Earn #Bitcoin #BTCBearish $BTC $ETH $JUP
$BTC Looking at the current chart, if you are observant enough you would notice the market is at a very crucial point on the monthly TF, on the daily TF it is forming a double top. I would advise extreme patience at this point for a confirmation candle to be formed, either for there to be a false breakout or a strong bearish candle to be formed then we go short to $35k
Note: Trading is reactive and not predictive
#Write2Earn #BTCBearish #btctothenull
Note: Trading is reactive and not predictive
#Write2Earn #BTCBearish #btctothenull
Thanks to Peter from Fintech Factory, we confidently navigated the crypto legal landscape, ensuring our project's compliance and success, resulting in our BST token listing on MEXC. Great service"
#sanor016CommUNITY
#btctothenull
#BTCBearish
#sanor016CommUNITY
#btctothenull
#BTCBearish
Just a guess, we don’t have to be rocket scientists to guess the next 24hour’s graph. Definitely will be bearish and back to bullish! I’m a bitcoins holder but I just want to share my thoughts on common sense.
Grayscale will sell bitcoins at this price , whether more or less we don’t know, but check out last 22nd Monday of January.
My guess! BTC back to - 43k-45k for next 24hour..
#Write2Earn #TrendingTopic #GrayscaleBitcoinTrust #BTCBearish
Grayscale will sell bitcoins at this price , whether more or less we don’t know, but check out last 22nd Monday of January.
My guess! BTC back to - 43k-45k for next 24hour..
#Write2Earn #TrendingTopic #GrayscaleBitcoinTrust #BTCBearish
🚨: Patience will bring you perseverance and perseverance will bring you success.
#algorithmic #BTCBearish $$BTC
#algorithmic #BTCBearish $$BTC
Today free signal
Short BTC - 43250-43500.
Targets-
42900-42600-42350
Leverage 10x
Stoploos- 44100
Riski trade
#Write2Earn #BTCBearish #BTC/USDT🔥 $BTC
Short BTC - 43250-43500.
Targets-
42900-42600-42350
Leverage 10x
Stoploos- 44100
Riski trade
#Write2Earn #BTCBearish #BTC/USDT🔥 $BTC
با میلیارد ها دالر که داخل مارکیت شوی او مارکیت از خودت#sanor016CommUNITY #sanor016CommUNI@sanor016 #binan #BTCBearish است چون که تو خیلی پول داری همه زور پیشی تو است ولی ما که در مارکیت بیایم مانند مرچه استیم💔😫
Exciting Opportunity!
Follow these simple steps:
1. Download the Decentralized Future app from the Play store.
2. Register faster using this referral code: https://ice.io/@shabir.19
3. Verify your KYC.
4. Click the mining button every 3 to 24 hours.No need to invest any money.
Just a reminder, it's free mining hours – so, no need to send money to anyone!Thanks for being part of the #BTC #ALT/USDT #BTCBearish
https://ice.io/@shabir.19
Follow these simple steps:
1. Download the Decentralized Future app from the Play store.
2. Register faster using this referral code: https://ice.io/@shabir.19
3. Verify your KYC.
4. Click the mining button every 3 to 24 hours.No need to invest any money.
Just a reminder, it's free mining hours – so, no need to send money to anyone!Thanks for being part of the #BTC #ALT/USDT #BTCBearish
https://ice.io/@shabir.19
Elon Musk: "Bitcoin is a safe word for me"
Claim Reward
More details of the news:
Elon Musk, the CEO of Tesla, once again started teasing about crypto on Twitter and with more than 40 million followers, today he tweeted the sentence "Bitcoin is a safe word for me".
Musk had previously published sarcastic tweets about Bitcoin and cryptocurrencies, but the noteworthy point is that he had previously tweeted the phrase "Cryptocurrency is not a safe word for me" in January, and now It seems that he has completely changed his previous opinion.
According to Bloomberg's 2020 report, Elon Musk currently has about 160 billic dollars in assets, and is only 20 billion dollars away from Jeff Bezos, and may soon take over the position of the richest man in the world.#Write2Earn #BTCBearish
Claim Reward
More details of the news:
Elon Musk, the CEO of Tesla, once again started teasing about crypto on Twitter and with more than 40 million followers, today he tweeted the sentence "Bitcoin is a safe word for me".
Musk had previously published sarcastic tweets about Bitcoin and cryptocurrencies, but the noteworthy point is that he had previously tweeted the phrase "Cryptocurrency is not a safe word for me" in January, and now It seems that he has completely changed his previous opinion.
According to Bloomberg's 2020 report, Elon Musk currently has about 160 billic dollars in assets, and is only 20 billion dollars away from Jeff Bezos, and may soon take over the position of the richest man in the world.#Write2Earn #BTCBearish
Bitcoin just broke the 7-day uptrend...
#Write2Earn #BTCBearish #BTC #sol #TrendingTopic
Follow for more information $BTC
#Write2Earn #BTCBearish #BTC #sol #TrendingTopic
Follow for more information $BTC
#BTCBearish #TrendingTopic #BTC ETF trading just started 15 minutes ago, and BTC has only gone up by 1%. It seems like a fake boost – someone bought, made a profit, and is planning to sell. Because BTC is in a strong downward trend, trying to manipulate it could lead to big losses. Looking at the 15-minute chart, BTC has resistance at 43708 and support at 42375. Right now, BTC is going down. I'll keep you updated on any changes, but be prepared for more drops in BTC, either slowly or suddenly. Thanks for your support! Author: @KingofBTC2024 (For All) BXT"
