LIVEMaestros
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up trend or bearish. both accepted
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Bitcoin price is up over 10% and surging toward $58,000. BTC is signaling a strong upward trend and might surge toward the $60,000 resistance.
Bitcoin price is gaining pace above the $55,000 resistance zone.
The price is trading above $55,000 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend its current rally toward the $60,000 resistance zone.
Bitcoin Price Starts Fresh Surge
Bitcoin price remained well-bid above the $50,500 support zone. A support base was formed above the $51,500 level and the price started a fresh rally. BTC gained bullish momentum after it broke the $51,600 and $52,000 resistance levels.
There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC/USD pair. The pair surged over 10% and broke many hurdles near the $55,000 level. A new multi-week high is formed near $57,109 and the price is now retreating.
Bitcoin is still trading above $55,000 and the 100 hourly Simple moving average. It is also above the 23.6% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high.
Source: BTCUSD on TradingView.com
Immediate resistance is near the $56,800 level. The next key resistance could be $57,000, above which the price could rise toward the $58,000 resistance zone. If the bulls remain in action, the price could even surpass $58,000 and test $58,800. The main hurdle for them is visible near the $60,000 zone.
Are Dips Limited In BTC?
If Bitcoin fails to rise above the $57,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $56,000 level.
The first major support is $55,600. If there is a close below $55,600, the price could start a decent pullback toward the 50% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high. Any more losses might send the price toward the $53,200 support zone.
#BTC #Write2Eam
Bitcoin price is gaining pace above the $55,000 resistance zone.
The price is trading above $55,000 and the 100 hourly Simple moving average.
There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend its current rally toward the $60,000 resistance zone.
Bitcoin Price Starts Fresh Surge
Bitcoin price remained well-bid above the $50,500 support zone. A support base was formed above the $51,500 level and the price started a fresh rally. BTC gained bullish momentum after it broke the $51,600 and $52,000 resistance levels.
There was a break above a major bearish trend line with resistance at $51,600 on the hourly chart of the BTC/USD pair. The pair surged over 10% and broke many hurdles near the $55,000 level. A new multi-week high is formed near $57,109 and the price is now retreating.
Bitcoin is still trading above $55,000 and the 100 hourly Simple moving average. It is also above the 23.6% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high.
Source: BTCUSD on TradingView.com
Immediate resistance is near the $56,800 level. The next key resistance could be $57,000, above which the price could rise toward the $58,000 resistance zone. If the bulls remain in action, the price could even surpass $58,000 and test $58,800. The main hurdle for them is visible near the $60,000 zone.
Are Dips Limited In BTC?
If Bitcoin fails to rise above the $57,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $56,000 level.
The first major support is $55,600. If there is a close below $55,600, the price could start a decent pullback toward the 50% Fib retracement level of the recent rally from the $50,950 swing low to the $57,109 high. Any more losses might send the price toward the $53,200 support zone.
#BTC #Write2Eam
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Avalanche's native token AVAX underperformed the crypto market over the past week ahead of its token unlocking event, CoinDesk data shows.Some $365 million worth of locked-up tokens will be released Thursday from vesting and will be added to circulation, according to Token.Unlocks data.The native cryptocurrency of the Avalanche {{AVAX}} network underperformed most digital assets as the token undergoes a $365 million unlocking event this week that will increase the token's supply.AVAX dipped more than 3% over the past week, while most cryptocurrencies – 148 of the 173 constituents of the broad-market CoinDesk Market Index (CMI) – gained in price. The CoinDesk20 Index (CD20), which tracks the performance of the largest and most liquid crypto assets, advanced 6% during the same period. At press time, AVAX changed hands at $38, some 23% lower than its December high.The underperformance happened as some 9.5 million of previously locked-up AVAX tokens, worth $365 million, will be released on Thursday, increasing the asset's circulating supply by roughly 2.6%, according to data from Token.Unlocks.Some 4.5 million tokens will be transferred to team members, 2.25 million to strategic partners, 1.67 million to the ecosystem development foundation, while 1.13 million are earmarked for airdrop.Approximately 58% of all of AVAX's tokens have been unlocked, on-chain data shows.Token unlocks translate to an increase in the asset's supply, releasing previously locked-up coins from a vesting period, including to early investors.Large unlocking events usually lead to price declines within two weeks due to the supply increase outpacing investor demand for the asset, a report by crypto analytics firm The Tie found last year.#Write2Earn #strk #WLD
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1. Airdrops: Participate in cryptocurrency airdrops and giveaways. Some blockchain projects offer users free tokens as part of their marketing campaigns.
2. Faucets: Some cryptocurrency faucets offer small amounts of crypto, including USDT, in exchange for completing simple tasks or captcha challenges.
3. Staking: If you already hold some cryptocurrencies, consider staking them in a blockchain network that offers rewards. Some platforms provide daily rewards in USDT for staking specific tokens.
4. Earn Cryptocurrency Online: Explore platforms and websites that offer cryptocurrency rewards for completing tasks, surveys, or watching ads. Some of these platforms payout in USDT.
5. Farming and Yield Aggregation: Participate in decentralized finance (DeFi) yield farming or liquidity provision on platforms like Uniswap or PancakeSwap. Be cautious, as these methods can be risky.
6. Freelancing: Offer your skills or services online and receive payments in cryptocurrencies, which you can then convert to USDT.
7. Referral Programs: Some crypto exchanges and platforms have referral programs that reward you with a percentage of the trading fees generated by users you refer.
8. Crypto Mining: If you have access to mining equipment and electricity at low cost, you could mine cryptocurrencies and convert your earnings to USDT.
9. Crypto Trading: While this is riskier and requires knowledge, you can try day trading or swing trading to profit from crypto price fluctuations.Remember that earning cryptocurrencies for free often involves some level of risk and may require time and effort. Additionally, the amount you can earn can vary greatly depending on market conditions and the methods you choose to pursue. When engaging in any crypto-related activities, always do your study and use prudence.
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