What can we say based on the chart above? Two things:
1) The growth is happening in the same structure: consolidation below the resistance —> breakout —> first wave of growth —> small consolidation —> second wave of growth
2) Each wave of growth is shorter and weaker than the previous one (sign of upcoming correction).
At the moment we are witnessing the stage between the first wave of growth and consolidation. More likely the top of this local cycle is ~$74,000. $BTC #HotTrends #BTC
Market Alerts 🚨❗ 🐝 Bitcoin Smashing ATH 2020 vs 2024
The current formation of breaking the ATH is very similar to the 2020 Q4:
- Bearish pattern that was broken upwards - First touch of the ATH and pullback downards - Second touch of the ATH must happen soon - Some consolidation on the way downwards should happen after
And final breakout that will lead to the growth continuation must happen on the third touch! #BTC #bitcoin #TrendingTopic $BTC
💰Bitcoin price briefly reached a new high of 96,734,000 South Korean won, or $72,504, on March 5 at 15:00 (UTC) on Upbit, the largest cryptocurrency exchange in South Korea📈 #TrendingTopic #BTC
Shortly speaking, I expect Ethereum to continue breaking resistances. The $3530 resistance is on the line.
At the moment it is consolidating right below the resistance, in other words, compressing it. Breakout is a matter of time. #TrendingTopic #ETH✅ #Etherrum
Traders are continuing to use prominent meme tokens as ecosystem bets on their respective blockchains, boosting dogecoin (DOGE) futures to set a record level. DOGE tokens were up as much as 40% before giving back some gains in the past 24 hours as bitcoin (BTC) rallied to over $63,000 from $59,000. DOGE led gains among major tokens and significantly beat the broader CoinDesk 20 (CD20) index, which is up nearly 7.8% in the same period.
Bitcoin chart is simple as this. Breakout of the $64,000 resistance will lead us to the growth continuation towards the ATH. The $58,400 level acts as a support.
Buy at support, sell at resistance. Buy on breakout, sell on moon. #TrendingTopic #BTC $BTC
As much as market stays between 61k to 64k for longer period, their is another chance we could see another bull pump 🚀. But , we are continuously in a bull trend without any support level. Be Careful while trading . #BTC #TrendingTopic @Bitcoin.org
sui has been performing really badly these days. there is no much changes in @Sui even though market is in bull trend . it's better to wait before investing on sui right now. #TrendingTopic #SUI- #SUIProjects #SUI/USDT
🤑At the moment, 99.17% of BTC holders are in profit.
🔔The market works in such a way that everyone cannot be profitable. Now there is growth and having reached, let’s say, $71,000, the whales will begin to fix their profits, then this percentage (99.17%) will decrease very much. Only after these events will the real Bull Run begin🚀 #BTC $BTC
📣Over the past 24 hours, 186,378 traders were liquidated, the total amount of liquidations amounted to $795.82 million. The largest single liquidation order occurred on Bitmex - LINKUSD for $10.49M.
👀Yesterday the market spared no one; stop losses were collected on both sides. But most of all I don’t envy those who confidently held a short position. #BTC #TrendingTopic