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Bitcoin reclaims the trendline and the price is holding above it. The market is showing good upward movement. We might see an upward rally in altcoins while BTC again tests the $28,000 resistance level.
#Binance
#BTC
#BTC
#BNB
#dyor
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BTC
98,876
+0.83%
BNB
624.9
+0.83%
911
0
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#BTC/USDT ANALYSIS BTC is on the verge of a long falling wedge breakout on 12H. The Ichimoku cloud and the MA 100 are also acting as resistance on the falling wedge. Currently, the price retested above the horizontal support, and a solid breakout of the falling wedge would be a sign of a strong bullish rally in the market.
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What is #MVRV Ratio ? The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement. The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings. #BinanceTournament #binancepizza #googleai #feedfeverchallenge #BRC20
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What is Crypto Faucet ? A crypto #faucet is a website or application that rewards users with small amounts of #cryptocurrency for completing certain tasks or activities. It is called a "#faucet" because it operates similarly to a tap or faucet that releases small amounts of water. In the context of #cryptocurrency, a faucet typically dispenses small fractions of a cryptocurrency token, such as #Bitcoin or #Ethereum, to users. These tokens are usually given away for #free and serve as a way to introduce new users to the world of cryptocurrencies. The tasks or activities required to earn the #rewards can vary and may include #watching advertisements, #completing surveys, #playing games, or #solving captchas. #BinanceTournament #binancepizza #googleai #feedfeverchallenge #BRC20
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What is #Unlabelled Miners ? #Unlabeled #miners refer to the anonymous or unidentified participants in a #cryptocurrency network who are mining blocks but have not been publicly associated with any specific mining #pool or entity. In many blockchain networks, miners are typically associated with specific #mining pools or known entities that publicly #disclose their participation in the network. Unlabeled miners, on the other hand, operate #independently without publicly declaring their identity or #affiliation. Their mining activities can be observed on the #blockchain as they contribute #computational power to validate transactions and secure the network. However, their specific identities or affiliations are not disclosed or #publicly known. #binancepizza #feedfeverchallenge #googleai #BinanceTournament #BRC20
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#Ethereum supply on exchanges hits lowest level since 2015 and almost 90% of #Ethereum now in self-custody as . remaining 10.31% of existing Ethereum on exchanges. #Binance #crypto2023 #BTC #ETH #BNB
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