#BTC gave a breakout of the consolidation range and reached the structural resistance area. Price rejected sharply and now given minor close below support around $28,550 - $28,700. If next candle sustains below this, we have clean move down till $27,800 - $27,870 support zone.
#BTC continues the push as anticipating and getting a bit of rejection from the structural resistance area. Short-term down move is expected till $27,560 - $27,700. Overall, bullish moves is expected by this weekend till $30,300. #Binance #BTC #crypto2023 #BNB
DAI is a cryptocurrency categorized as a stablecoin. It aims to keep its value consistent with the U.S. dollar at a 1:1 ratio. It has its own decentralized governing organization, MakerDAO, to regulate its value. It was one of the first to successfully transition from a company to a decentralised autonomous organisation (DAO).
Users can generate DAI through the Maker Protocol, a system that leverages locked up collateral to generate the token. Users can use other cryptocurre
BTC dominance calculates Bitcoin's current share of the global crypto market cap. Short for โmarket capitalization,โ market cap refers to the value that's currently stored in an asset. Typically, people measure market cap in terms of fiat currencies like USD.
In cryptocurrency, people calculate a market cap by multiplying the number of available tokens by the token's current price.ย
For example, Bitcoin's price is $29,780, with 19.1 million coins in circulation. Here, youโll multiply $29,780 b
What is BTC dominance?ย BTC dominance calculates Bitcoin's current share of the global crypto market cap. Short for โmarket capitalization,โ market cap refers to the value that's currently stored in an asset. Well, people measure market cap in terms of fiat currencies. #Binance
$BTC is currently trading at $29,300 and it seems to be retesting its resistance trend line after a breakout. I have opened a small short position with a stop loss if any 4H candle closes above $30,300. My target is $24,500 if the stop loss is not hit.
Bitcoin #Dominance is currently at 48.31% and attempting to break out at a significant resistance level. A breakout could lead to a bloodbath in #altcoins #trading in #BTC pairs, but the 48% resistance level will become a strong support level if it occurs. #Binance #crypto2023