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BIG Breaking News ๐จ Crypto sentiment All ready bullish ๐ ๐ ๐ AFTER RUSSIA NOW CHINA WILL UN-BAN #BITCOIN AND CRYPTO MINING SOON .
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SOLANA VS. ETHEREUM: MARKET CRASH INSIGHTS The recent market crash, sparked by Japanโs rate hike, has put Solana and Ethereum in the spotlight. Solanaโs fast transactions and user-friendly design are appealing, but it lags behind Ethereum in venture capital. Solanaโs resilience, especially in memecoins, contrasts with Ethereumโs slower recovery and complex issues. As the market stabilizes, both networks face unique challenges and opportunities amid shifting dynamics. Sources: CoinGape
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๐๐ฟ๐ฒ ๐๐ฒ ๐๐๐ถ๐น๐น ๐ถ๐ป ๐ฎ ๐ฏ๐๐น๐น ๐ฟ๐๐ป?ย ๐ In the last 30 days, #Bitcoin permanent holders and ETFs have accumulated 404,448 BTC.ย ย ๐ BTC mined in the last 30 days: 13,500 The Bitcoin permanent holders/ETFs have accumulated 30 times more #BTC than the new BTC came into the market. If you are wondering why this is a big thing, Whenever there is an uptrend, whales accumulate.ย And they distribute or sell the tokens during a downtrend.#
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BTC Update ๐จ ๐จ Traders Read Very Carefully And Plan Your Trade ๐๐๐ Many people might say that Bitcoin is struggling when looking at lower time frames. However, the long-term view still looks promising. On the monthly chart, the price hasn't closed below the $60,000 support level. Every time the price dips below $60,000, it quickly pumps back above it. Overall, price is still consolidating above the all time high. The LTF drops below support might be traps before the price starts pumping again. Until then, Don't get shaken out.
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#BTC On this pullback, it will be interesting to see how Bitcoin's price action will treat the RSI Higher Low trendline (orange) This RSI trendline formed the Bullish Divergence that spawned the latest uptrend Will BTC find support at that RSI trendline? Or will the RSI revisit the late June/early July lows instead? (green) $BTC #Crypto #Bitcoin
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