#FET formed a consolidation range and formed a double bottom | Ilyas64184089 on Binance Square

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#FET formed a consolidation range and formed a double bottom too. Now, its a clear price action, to see a breakout either side and take the setup in a retest.
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#S&P 500 ANALYSIS The S&P 500 has broken out of a cup and handle pattern and is currently nearing a retest of this formation while also having filled the CME gap. The Ichimoku cloud is indicating bullish strength. A successful retest could trigger a strong bullish rally in the S&P 500, signaling further upward momentum.

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✅ The crypto market rebounded after an unexpected correction caused by a drop in the stock market and the end of the wait for the spot ETH ETF listing, Bitcoin trades solidly above $67k trying to climb above $68k 🔼 Daily Digest: 🔸 JPMorgan Chase is rolling out a ChatGPT-like generative AI product that can do the work of a research analyst. 🔸 Robert F. Kennedy Jr. said he’d push the federal government to buy Bitcoin 👀 🔸 Marathon Digital Holdings announced it has acquired $100 million worth of Bitcoin 🔸 Japanese exchange BitFlyer announced that it had completed the acquisition of 100% of FTX Japan's shares 🔸 The SkyBridge Capital founder Anthony Scaramucci shared his belief that Bitcoin will overtake the total market capitalization of gold 🔸 Activist Andrew Left of Citron Research, who regularly accused firms of securities fraud, has been charged with engaging in securities fraud 🤣 🔸 A special Bitcoin emoji tied to a hashtag has been removed from the X platform

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Let's take a look at what predictions of the Ethereum price behavior due to the recent listing of spot ETH ETFs have been made by various institutions 👇 📈 The most bullish prediction was made by Geoffrey Kendrick (Standard Chartered Analyst): "ETH ETF will bring in $15 billion to $45 billion in inflows in the first 12 months, with ETH rising to $8,000 by the end of 2024." 📉 And the most bearish prediction was made by Daniel Yan (Founder of Kryptanium Capital): "ETH/BTC will likely decline rather than rise in the coming weeks, ETH/BTC will drop below 0.05 and stabilize between 0.0475 and 0.05." 🏀 Coin Post's audience, on the other hand, is bullish. 73% of those who voted believe that we will see Ethereum's price rise in the fall.

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#ETH just rejected strongly, and made a drop lower below the support. Currently, price retesting the area as resistance as this dump was due to Grayscale sold off the #ETH. Nothing looks good here, wait for the Daily candle closure over the zone or a rejection.

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Bitcoin to $2,900,000? 📈 Investment management firm VanEck released a bold Bitcoin price prediction. By 2050, they predict that Bitcoin could reach a staggering value of $2.9 million per coin. 🔎 VanEck attributes this potential surge to Bitcoin's growing acceptance as a global medium of exchange and reserve asset. They highlight its increasing adoption by institutions, technological advancements, and limited supply as key drivers behind this super-bullish forecast 💸

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