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🔥🔥🔥 9 New #FUDs Emerge After Halving: Research Firm Reveals #BullishTrend Ahead Against FUDs Layergg, a renowned #cryptocurrency analysis firm, recently offered insights into the Fear, Uncertainty, and Doubt (FUD) factors currently impacting the crypto market. Alongside identifying potential bullish catalysts, Layergg highlighted key FUDs that surfaced post-Bitcoin halving: 1. Speculations of #Ethereum spot ETF rejection in May. 2. US seeks a 36-month prison term for CZ. 3. Mt. Gox's $9 billion Bitcoin refunds. 4. Possible delays in interest rate cuts. 5. SEC issues a “Wells Notice” to ConsenSys. 6. DTCC “haircut” concerns. 7. Forbes' list of the 20 biggest 'Zombie Coins'. 8. FBI cautions against unregistered crypto brokers. 9. SEC defers decision on Bitcoin ETF options. Interestingly, these FUDs coincided with Bitcoin's halving, fueling a wave of pessimism reminiscent of last September. Despite the prevailing FUD, Layergg maintains a bullish stance on the crypto market. Viewing current conditions as an opportune moment for investors to diversify their portfolios, Layergg emphasizes that market fluctuations are typical during bull runs, constituting healthy corrections. Several factors supporting the bull market, according to Layergg, include: 1. Bitcoin ETF approval. 2. Dencun Upgrade (EIP-4844). 3. Bitcoin halving. 4. Increasing stablecoin market cap. Moreover, Layergg anticipates the following trends to act as catalysts in the market: 1. Launch of AAA Web3 games. 2. Entry of global corporations into the crypto sphere. 3. Participation of traditional financial institutions. 4. US coinage. 5. Approval of Ethereum ETF. 6. Upcoming US presidential elections. Concluding with a note of optimism, Layergg asserts that patience will be rewarded in the long run, urging investors to maintain a steady approach amidst market volatility. Source - en.bitcoinsistemi.com #BinanceSquareBTC

🔥🔥🔥 9 New #FUDs Emerge After Halving: Research Firm Reveals #BullishTrend Ahead Against FUDs

Layergg, a renowned #cryptocurrency analysis firm, recently offered insights into the Fear, Uncertainty, and Doubt (FUD) factors currently impacting the crypto market. Alongside identifying potential bullish catalysts, Layergg highlighted key FUDs that surfaced post-Bitcoin halving:

1. Speculations of #Ethereum spot ETF rejection in May.

2. US seeks a 36-month prison term for CZ.

3. Mt. Gox's $9 billion Bitcoin refunds.

4. Possible delays in interest rate cuts.

5. SEC issues a “Wells Notice” to ConsenSys.

6. DTCC “haircut” concerns.

7. Forbes' list of the 20 biggest 'Zombie Coins'.

8. FBI cautions against unregistered crypto brokers.

9. SEC defers decision on Bitcoin ETF options.

Interestingly, these FUDs coincided with Bitcoin's halving, fueling a wave of pessimism reminiscent of last September.

Despite the prevailing FUD, Layergg maintains a bullish stance on the crypto market. Viewing current conditions as an opportune moment for investors to diversify their portfolios, Layergg emphasizes that market fluctuations are typical during bull runs, constituting healthy corrections.

Several factors supporting the bull market, according to Layergg, include:

1. Bitcoin ETF approval.

2. Dencun Upgrade (EIP-4844).

3. Bitcoin halving.

4. Increasing stablecoin market cap.

Moreover, Layergg anticipates the following trends to act as catalysts in the market:

1. Launch of AAA Web3 games.

2. Entry of global corporations into the crypto sphere.

3. Participation of traditional financial institutions.

4. US coinage.

5. Approval of Ethereum ETF.

6. Upcoming US presidential elections.

Concluding with a note of optimism, Layergg asserts that patience will be rewarded in the long run, urging investors to maintain a steady approach amidst market volatility.

Source - en.bitcoinsistemi.com


#BinanceSquareBTC

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💥💥💥 #Ethereum Dips Further: Will the Slide Stop or Is $ETH on a Rollercoaster? Ethereum (ETH) price continues its downward correction below the $3,800 support, approaching the $3,720 level with potential for a rebound. After failing to hold above the $3,880 zone, ETH is trading below $3,880 and the 100-hourly Simple Moving Average. A key bearish trend line with resistance at $3,800 is evident on the hourly chart of ETH/USD. The price dip below $3,850 and $3,800 levels indicates a short-term bearish sentiment, with bears eyeing a move towards the $3,720 support. Currently trading above $3,800 and the 100-hourly SMA, ETH might encounter resistance around the $3,800 level, as indicated by the bearish trend line. Should a fresh increase occur, resistance is anticipated near $3,840, followed by a significant barrier at $3,900. Breaking above $3,900 could pave the way for further gains towards $3,940 and potentially the $4,000 zone. Conversely, failure to surpass the $3,800 resistance may result in continued downward movement. Initial support is expected at $3,720 or the 76.4% Fib retracement level, with subsequent major support around the $3,625 zone. A breach below $3,625 might lead to a decline towards $3,550, and further losses could test the $3,500 level in the short term. Technical Indicators: - Hourly MACD: Showing momentum in the bearish zone. - Hourly RSI: Below the 50 zone. - Major Support Level: $3,720 - Major Resistance Level: $3,800 Source - newsbtc.com #cryptocurrency #BinanceSquareTalks #CryptoTrends2024
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$XRP Price Steadies Above Support: Gearing Up for a Breakout? XRP's price is maintaining crucial support at $0.5220, with bulls eyeing a fresh increase unless it closes below this level. Currently, XRP is struggling to rise above the $0.5350 resistance zone. It is trading below $0.5320 and the 100-hourly Simple Moving Average. There is a significant bearish trend line with resistance near $0.5280 on the hourly chart of the XRP/USD pair (Kraken data). The pair could initiate a fresh increase unless bears push the price below $0.5220. XRP Price Holds Support XRP experienced a bearish move, retesting the $0.5220 support zone, similar to #bitcoin and #Ethereum . Despite a spike below this zone, bulls were active. A low was formed at $0.5192, and the price rebounded above $0.5220, trading near the 23.6% Fib retracement level from the $0.5405 swing high to the $0.5192 low. It remains below $0.5320 and the 100-hourly Simple Moving Average. Resistance is near the $0.5280 level, along with a key bearish trend line. The first key resistance is at $0.5300, aligning with the 61.8% Fib retracement level from the $0.5405 high to the $0.5192 low. Closing above $0.5300 could push the price higher, with the next key resistance at $0.540. A close above $0.540 might lead to a steady rise towards $0.5450, with further gains potentially reaching $0.5650. More Downsides? If XRP fails to clear the $0.5280 resistance, it may continue to decline. Initial support is near $0.5220, followed by major support at $0.5120. A break below $0.5120 could accelerate the decline, potentially retesting the $0.50 support. Technical Indicators - Hourly MACD: Losing pace in the bearish zone. - Hourly RSI: Below the 50 level. - Major Support Levels: $0.5220 and $0.5120. - Major Resistance Levels: $0.5280 and $0.5300 Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks #cryptocurrency
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