#bitcoinnewsupdate Bitcoin price dropped to $58,520 and returned to the descending channel before reaching the support level.
The descending channel is still valid, and if the price can break it upwards, it is a sign of the resumption of the ascent towards the resistance level of $72,000-74,000. Otherwise, the price will decrease to the support level of $57500-$56200 .
🚀🚀 Bitcoin (BTC) made a bold move yesterday, soaring over $62,000! But alas, it couldn't hold its ground and has since retreated below that level.
BTC kicked off the week on a high note, entering Monday at over $64,000. But the bears were quick to pounce, sending the cryptocurrency tumbling down to $58,400 in just a few hours - its lowest in nearly two months. 📉
But the bulls weren't having it! They stepped in, preventing any further declines and pushing BTC back over the coveted $60,000 line. BTC even managed to leap over $62,000 on Wednesday. However, it couldn't sustain the momentum and has since slipped back to $61,500. 🐂
Despite the rollercoaster ride, BTC's market cap has managed to climb above $1.2 trillion. But its dominance over altcoins is wavering, struggling below 50.5%.
Meanwhile, altcoins like DOT, AVAX, and SOL have been making waves. SOL's price shot up and tapped $150 for the first time in weeks after VanEck filed to launch the first Solana ETF in the States. AVAX and DOT also posted gains, rising above $28 and $6 respectively. 💹
The total crypto market cap has regained about $40 billion overnight and is now above $2.4 trillion. So, despite BTC's recent struggles, the overall crypto market seems to be in good shape! 🌐
Stay tuned for more BTC updates! Remember, the crypto market is a wild ride, but as long as we're buckled in, we can enjoy the journey! 🚀🌕
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Can Your $100 in Worldcoin Turn to $1000 in This Crypto Bull Run?🤯
Today, the cryptocurrency market showcases a remarkable surge in valuation, witnessing major altcoins significantly augmenting their worth. Worldcoin, in particular, has surged by approximately 40% in the past 24 hours, emerging as one of the leading gainers in the crypto realm.
Worldcoin (WLD) Price Targets the $10 Threshold!
Initially trading within a narrow range of $2.144 to $2.670, Worldcoin experienced a brief consolidation phase before bullish momentum propelled its price beyond this range. However, the rally encountered resistance around the $3.273 mark, leading to a temporary sideways movement.
Subsequently, amidst escalating market volatility, bullish momentum resurged, resulting in a staggering 53.40% surge over the following two days. After a period of consolidation, the WLD token surged by an additional 55.129% in valuation.
Analyzing WLD/USDT on TradingView:
Following a rejection at $7.789, Worldcoin entered a consolidation phase, fluctuating within the range of $6.291 to $7.789 for the subsequent three days. Recently, bulls broke through this resistance level, albeit facing rejection at $8.831, leading to a sideways movement.
The Moving Average Convergence Divergence (MACD) depicts a rising green histogram, signaling increased buying pressure in the market. Additionally, bullish convergence in the averages suggests a positive price trajectory for the WLD token in the near future.
What Lies Ahead for Worldcoin's Price?
A breakthrough above the $8.831 mark could reignite bullish momentum, potentially paving the way for a test of the upper resistance level at $10 over the weekend.
Conversely, if bearish forces overpower bulls, Worldcoin's price might lose momentum, testing the support level at $7.789. Continued bearish dominance could further drive prices down, potentially testing the lower limit of $6.291 in the upcoming month. $WLD #Write2Earn #TrendingTopic #AmanSaiCommUNITY
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