Bitcoin bulls run risk of 'Bart Simpson' BTC price dip to $62K

Data from Cointelegraph Markets Pro and TradingView showed a flat weekend for BTC/USD after rapid gains at the end of the previous Wall Street trading session.

These followed promising signals from the United States Federal Reserve regarding policy easing in September, specifically the first interest rate cuts since 2019.

Bitcoin was initially slow to react but ultimately hit two-week highs of nearly $65,000 before consolidating lower.

Analyzing the potential moves for the coming days, however, popular trader CrypNuevo was cautious.

Order book liquidity, he determined in a thread on X, favored a drop to support which would liquidate late longs.

“The levels with more liquidations are $63.5k (1h50EMA) & $62.2k,” he summarized, referring to the 50-period exponential moving average on the 1-hour chart.

On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundation’s transparency. However, the foundation’s executive director quickly clarified that the transfer was simply a routine part of the nonprofit’s “treasury management activities.”

The TON community has reaffirmed its commitment to freedom of speech and decentralization, showing strong support for Telegram founder Pavel Durov following his arrest in France. The community emphasized Durov’s dedication to an open internet and called for collective resilience among its members.

$BTC

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Here your youtubers moonboys and newbies will now write a title like "HERE IS THE 1000x GEM"

ahahahha what a F idiot...

#Write2Earn

Many people ask about this scam coin.... look, we will only go up if you recover the orange box and confirm your deviation $XRP

GM ☕️

Sunday could be a funday. Altcoins looks good for some relief bounce.

Quick take profit advised. FA

#altseason2024

Have these $BTC values in mind for tomorrow leverage traders.

Cumulative long liquidation of $288M at $43,400
Cumulative short liquidation of $322M at $44,470

Range bound #Bitcoin $BTC

without breakout it's a risk.... what do you think? $ACE #ACE/USDT

Alright. Hear me out

ETF is coming, Halving in 2024,
Trillions of dollars are coming into
crypto. 4 year cycle is intact.

Bitcoin will be easily worth $100k+
in next 2 years and many alts are
going to pump 100x.

Stop looking at screens 24/7

Chill out, Hold and be Patient.

#BTC #ETF #approval