Who really knows? On September 18, the SEC announces the drop in interest rates, the market expects a drop of 0.50 or 0.25, the issue is the problem of the US public debt that has shown a tendency to grow, a problem that the next government will inherit, the key data are the surveys, in my opinion the market will fall until it is clear who wins. BTC does not present better profitability than AI projects, at least that is how I see it in these last 180 days.
$BTC As the negative outlook on Bitcoin persists, Mt. Gox: A ghost is once again haunting the Bitcoin price as it tries to grab onto its short-term support. If there is a drop below $57,300 it could trigger further declines towards $54,300 or $54,520 this fds. Being optimistic. In my personal opinion I think that the market is still digesting the recent economic data and assessing the potential impact on the Federal Reserve's monetary policy, the Bitcoin price trajectory will likely be influenced by these factors, after that we could have a big rise and new support line at $65,618 to $67,044 I hope. To reverse the momentum, Bitcoin needs to break the $59,000 zone buying interest emerged around $57,300. If these purchases continue and the uptrend picks up, the next move over the weekend could target the resistance zone between $60,000 and $62,000. A weekly close above this zone could show the way for an accelerated recovery next week. While what we see is that it indicates acceleration to the downside, making the $57,300 support level crucial once again supported by Fibonacci levels. If Bitcoin loses this support, it could signal a breakout of the symmetrical triangle in the short term, potentially pushing the price towards the next support at $54,200. Everyone knows that Bitcoin bounced off the $62,000 level after bottoming out at $49,500. This recovery corresponds to the 0.618 Fib level of the recent drop, with the key resistance zone at this point limiting gains.🫤
The 70 and 200 period moving averages surround the price we have now, RSI up at 43 points and MACD lines below the zero level. If commodities follow a normal path towards low prices and risk assets rise slightly, there could be a trend towards deflation, hopefully. If not, correct me. $BTC
In #MemeWatch2024 let's see #Bome First, I say that I do not believe in any currency, if one does well, correct me, but it may make good money from the Telegram groups, but those of us who are here fighting alone or only with our brains, in short, the primary factor to consider is the activity of the whales. Large holders can have a big impact on the price, as a large sell order can cause the price to drop significantly. It is currently trading in a range that has support levels at $0.00726533. Significant resistance levels are at $0.01002333. These are prices to watch in case we see a break at one of these levels, which can lead to further market volatility. It is possible to look at the market capitalization amount (743.4M) and circulating supply (69B) to arrive at reasonable price assumptions for the future. According to the RSI, on the 4-hour time frame, it is currently trending up with the RSI reading at 56.35. Line 50 could provide support if the indicator returns to it. On the 1 day time frame, it is currently in a bearish trend with the RSI reading at 44.63. The 50 line could provide resistance if the indicator returns to it. According to the price forecast, today's value (06-28-2024) should trade relatively constant between the ranges of $0.00726533 and $0.01002333. Significant events such as protocol upgrades or hard forks can also play an important role in the price. DISCLAIMER The information, data and predictions provided are for informational purposes only according to the information I am able to gather. They do not constitute financial, investment or any other type of professional advice and are not intended to be. Users are encouraged to consult with a financial advisor before making any financial decisions. I cannot take responsibility for your financial decisions.
The four most likely scenarios based on current price trends. The availability of options contracts for calls and puts as of June 28 varies depending on the settlement price. Between $57,000 and $60,000: There are 660 call options versus 14,850 put options. The net result favors put options by approximately USD 820 million. Between $60,000 and $62,000: There are 3,910 call options versus 11,140 put options. The net result favors put options by approximately USD 430 million. Between $62,000 and $64,000: There are 5,220 call options versus 8,690 put options. The net result favors put options by approximately USD 215 million. Between $64,000 and $66,000: There are 6,880 call options versus 6,940 put options. The result is approximately balanced between the call and put options. This rough calculation assumes that call options are primarily used for bullish bets and put options for neutral or bearish positions. However, this simplification does not take into account more complex investment strategies and market manipulations.$BTC #BinanceTournament" tighteners 😹
I hope I'm not talking too much, but if Germany/US/Gox are all selling/telegraphing sales, who is buying on the other side? Clearly pump &… #Bitcoin #ifeellokeconejodealicia
$BTC Yesterday in the US, they presented a bill to pay federal income taxes, which if approved, could put Bitcoin on the rise again. On the other hand, the sale of BTC in Germany would be the reason for this week's fall, in my bearish opinion.