- Opening Price: 68,250 USD - Highest Price: 70,080 USD - Lowest Price: 57,110 USD - Closing Price: 58,000 USD This week, Bitcoin experienced a notable downturn in its market performance. Starting at 68,250 USD, the cryptocurrency saw significant fluctuations. It reached a weekly high of 70,080 USD, but subsequently, the price fell sharply. By the end of the week, Bitcoin closed at 58,000 USD, representing a decrease of 15% or 10,000 USD from its opening price. Comparing the closing price to the weekly high, the decline is even steeper, amounting to 17.25%, or a loss of 12,000 USD. These figures reflect a bearish trend, highlighting increased selling pressure and reduced market confidence. The substantial drop from both the opening price and the weekly high suggests that market participants are reacting to a range of factors, including macroeconomic developments and shifts in sentiment. Investors should remain vigilant and consider the potential risks associated with ongoing volatility. Like, Comment and Follow for more updates. $BTC $ETH #bitcoin #BTC #Binance #AI #SEC
As I post time-to-time, signal stats track current position statistics, usually available in the pinned comment in the relevant signal post.
Validity Signals are only valid for a limited amount of time due to the market's nature. mostly this will be self explanatory. Eg: đ” New : Just arrived đą Valid : As name says đ Expiring Soon : Be Cautious đŽ Expired : Don't Open, check new signals if any.
TP 1,2,.....n Take Profit triggers for the position. Eg: TP 1 : 30 mins > it took 30 mins to trigger from signal post TP 2 : 01 hrs > see above for explanation
Win Rate Win Rate of all signals combined till now
Bitcoin Performance Analysis: Last 12 Hours vs 7 Days Trend
Last 12 Hours Performance
In the past 12 hours, Bitcoin has experienced significant volatility. The opening price was recorded at $58,150 USD. The cryptocurrency reached a peak of $58,300 USD but also plummeted to a low of $48,900 USD. As of now, Bitcoin is still trading, and the closing price remains undetermined.
This recent sharp decline of $9,000 USD, or approximately 16%, within just 12 hours contrasts starkly with the historical trend where such a percentage drop took 7 days . This abrupt movement highlights a heightened level of volatility and investor unease in the cryptocurrency market.
Weekly Performance Context Over the past week, Bitcoin has demonstrated relative stability compared to the recent 12-hour period. Typically, Bitcoin's performance over a week would not exhibit such rapid fluctuations. However, the recent sharp decline underscores a broader market sentiment shift.
Market Conditions and Global Influence The recent downturn in Bitcoinâs value is occurring against a backdrop of global economic uncertainty. Widespread fears of an impending recession have been reported, leading investors to reassess their exposure to high-risk assets, including cryptocurrencies. This sentiment has prompted a notable withdrawal from volatile markets as investors seek safer havens amid these uncertainties.
The impact of global economic concerns is also evident in traditional financial markets. For example, Taiwan's stock market has experienced its worst day since the onset of the COVID-19 pandemic, further illustrating the pervasive influence of global financial anxiety on various asset classes.
In summary, Bitcoinâs dramatic decline in the last 12 hours, in contrast to its more stable weekly performance, reflects broader market trends driven by global economic uncertainties and investor sentiment shifts. This environment has intensified volatility and led to significant market reactions across both cryptocurrency and traditional financial sectors. #bitcoin #BTC #ETH #Binance #AI $BTC $ETH $BNB
đą Signal Successfully Completed đ Hello Followers, hope you are enjoying your signal profits from the mentioned signal. TP 1,2 is successfully completed.
Like this post and follow for profitable signals everyday.
đš Short Signal đš Symbol: BTCUSDT Open Range: 60800-61300 Validity: 2 hrs(for open only) TP: 60000(0.8), 59800(0.2) 0.8* = close 80% position at this price #bitcoin #BTC #Binance #Write2Earn! $BTC Like, Comment & Follow for more Signals
đš Short Signal đš Symbol: BTCUSDT Open Range: 61500-61800 Validity: 2 hrs(for open only) TP: 60800(0.8), 60500(0.2) 0.8* = close 80% position at this price #bitcoin #BTC #Binance #Write2Earn! $BTC
đą Signal Successfully Completed đ Hello Followers, hope you are enjoying your signal profits from the mentioned signal. TP 1 is successful for now. Like this post and follow for profitable signals everyday.
đš Short Signal đš Symbol: BTCUSDT Open Range: 62350-62750 Validity: 2 hrs(for open only) TP: 61800(0.8), 61500(0.2) 0.8* = close 80% position at this price
đš Short Signal đš Symbol: BTCUSDT Open Range: 62350-62750 Validity: 2 hrs(for open only) TP: 61800(0.8), 61500(0.2) 0.8* = close 80% position at this price
đą Signal Successfully Completed đ Hello Followers, hope you are enjoying your signal profits from the mentioned signal. TP 1 is successful for now. Like this post and follow for profitable signals everyday.
Edit: TP 2 is successfully completed. Enjoy your profits đ.
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DecentPro
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Bearish
đš Short Signal đš Symbol: BTCUSDT Open Range: 63200-63500
Convergence Finance, a DeFi project, experienced a severe security breach on August 1st, resulting in the loss of 99.6% of its native cryptocurrency, CVG. A hacker exploited a vulnerability in the âCvxRewardDistributorâ contract to mint and sell 58 million CVG coins, causing the price to plummet from $0.11 to $0.0004. Despite four security audits, the flaw was introduced after these reviews. The hacker profited $210,000 and moved the funds through Tornado Cash. Convergence Finance advised users to withdraw their funds and expressed regret, but recovery of the CVG price remains uncertain.