The price action on the H2 timeframe successfully filled the FVG gap level and broke down its horizontal support level, marked between the 4.71% to 4.69% level.
As the price action broke down its support level, following a retest candle, we anticipate a further drop in the price action of $USDT, potentially indicating an increase in the price of #Alts
$BTC is currently trading within a descending triangle pattern. At present, it is making an attempt to break out. The MA 200 indicates a bullish trend. However, the Ichimoku cloud is posing as a resistance barrier.
A decisive breakout from the triangle would confirm the #Bullish momentum. Conversely, a rejection at this level would signal a continuation of movement within the triangle pattern. #Bitcoin#bitcoinhalving
Price action breaking out of consolidation on H3 timeframe Horizontal Support level retest imminent Will it hold or break down? Stay tuned for the next move! #Bitcoin #BTC #TradingSignals
The supply of #Stablecoins rose more than 14% in the first quarter as market participants continued to increase their usage. $ETH $SOL #BNB#SHIB#XRP#Cryptonews
📣 MicroStrategy founder Michael Saylor has now sold $370 Million worth of #MSTR stock so far in 2024 - CNBC How do you see this impact on $BTC ? #bitcoinhalving#HotTrends#CryptoNews
We are hours away from halving and what's up with bitcoin
#BTC is trading above $64k, which brightens the picture a bit compared to what it was before. Statistically, #Bitcoin starts to grow a few months after the halving, so we should not count on $100k tomorrow.
It can go both ways, but in any case the market does not end on bitcoin and in May we will see a lot of good projects.
I wonder what we will get for the summer, whether we will go on vacation or not and have to work 🤝
$BTC DOMINANCE UPDATE VIP -------------------- As expected the price action of #BTC as expected is getting rejected from its resistance trendline level.
If we compare the $BTC #ATH break in prior cycles, it could be argued that current Euphoria phase (market in price discovery) is still relatively young.
Previous Euphoria phases have seen numerous price drawdowns exceeding -10%, with the majority being much deeper, with 25%+ being commonplace. The current market has seen just two ~10%+ corrections since the ATH was broken. #Bitcoin#bitcoinhalving#CryptoNewsFlash