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CryptoMatrixx
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BTC
is trading at a price right now where one move can kill your portfolio.
Stay away from futures these days 💯
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#BTC had a very quick breakout of the zone and touched $93,000 mark. With that, price dumped hard and broke the structural support. Overall we're strongly bullish so we can expect new highs sooner. In extreme we can have $86,400 support. $BTC
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🐶 DOGE is ahead of a number of large and well-known companies in terms of market capitalization! And this is despite the fact that DOGE is still 48% below its all-time high.
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The Bitcoin market saw a massive $3.1 billion in realized profits during the March 2024 price peak. As the market absorbed this surge of profit-taking over the following 7 months, both realized profits and losses settled towards a more balanced state. This indicates a resetting of the underlying supply and demand dynamics in the market. However, signs are now emerging that profit-taking is starting to increase again. This could signal a new wave of demand entering the Bitcoin market, as investors look to capitalize on the recent price appreciation.
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PPI went up beyond analysts' expectations. Not a great news. Might impact the December rate cut too. Don't be too bullish
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Crypto is moving sideways right now, with no clear moves up or down.
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