FIO has broken above the horizontal supply zone and is currently testing this level. The Ichimoku Cloud is providing strong support beneath the supply zone. A successful retest at this level would confirm a bullish trend.
DOGE is encountering resistance at the trendline of its symmetrical triangle pattern and is currently trading within the Ichimoku Cloud. A decisive breakout or breakdown is needed to confirm the next directional move.
Bill Dudley, former president of the Federal Reserve Bank of New York, expressed concerns that incorporating Bitcoin into the U.S. national reserves could undermine the dollar's status as the global reserve currency and primarily benefit specific interest groups rather than the broader American public.
He emphasized that such a move might not align with the nation's best interests and could divert focus from more inclusive economic policies.
The Czech Republic's parliament has unanimously decided to exempt Bitcoin holdings of over three years from capital gains tax, encouraging long-term investment in the cryptocurrency.
This policy aims to create a more favorable environment for crypto investors, positioning the country as an attractive destination for crypto activities and investments.
Bitcoin Bullets® Market Analysis NOVEMBER 30th, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (H1) On the H1 timeframe, the price action is consolidating within a symmetrical triangle pattern, showing signs of a potential bounce from its support trendline. 📐📊
This indicates that the trendline is acting as a key support level, providing a base for a possible upward move if the price sustains this level. Continued consolidation within the triangle could lead to a breakout in either direction. 🔄📈 / 📉
⚪️WRAP-UP (VIP) On the H1 timeframe, the price action is supported by all EMAs, aligning with the horizontal support level, suggesting a potential bounce back. 📊📈
If this support holds, it could drive the price toward an upward movement, signaling bullish momentum in the short term. 🚀
$BTC DAILY RANGE: 📈Upper Limit: $99,200 📉Lower Limit: $90,954 (+-9.47 based on moving average volatility open/endpoints)
Bitcoin is encountering resistance at the horizontal supply zone after bouncing off the support trendline of an ascending broadening wedge. The Ichimoku Cloud is acting as support beneath the price action. A decisive move is awaited to confirm the next directional trend. Keep an eye on it.
AUCTION is breaking out of the descending channel's resistance trendline. The Ichimoku Cloud is currently serving as a resistance barrier above the price. A decisive breakout, followed by a successful retest, could confirm a bullish rally.$AUCTION