$BTC #bitcoin

In the coming month, Bitcoin is expected to continue its upward trend based on current market indicators. The 200-day simple moving average (SMA) for Bitcoin is approaching a record high, signaling strong bullish momentum. Historically, when the 200-day SMA surpasses its previous peak, it has led to intense phases of bull markets and significant price increases.

Analysts predict that rising government debt concerns may prompt the U.S. Federal Reserve to cut interest rates rapidly, supporting risk assets like cryptocurrencies including Bitcoin. While short-term fluctuations and profit-taking may occur, the overall outlook for Bitcoin in the near future appears positive.

Investors and traders are closely monitoring the 200-day SMA as it moves towards challenging its previous peak, which could potentially lead to new all-time highs for Bitcoin in the coming months.

@Binance News
#cryptomind

Solana: Up or Down?

Solana is approaching an important level in the $160 per coin area. If you look at the chart, you can see that the price approached this level and rolled back several times, but each subsequent fall was smaller, forming a triangle with a squeeze to the upper zone.

Possible scenarios:
-Breakthrough of the $160 level: If it manages to break through this level and consolidate above, a small trade in the $160-$190 range is expected.
- Unsuccessful breakout: In case of failure, a fall down to the $120 area is likely.

Conclusion: Given the current macro indicators and the absence of negative events, I believe that Solana will be able to break through the $160 level and, possibly, overcome $190, and then - only a higher)

Share your opinion in the comments, let's discuss together!

$SOL #SolanaUSTD #cryptomind