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On the night of February 7 to 8, the exchange rate of the first cryptocurrency crossed the $44,678 mark. Later, the bitcoin exchange rate rolled back a little. This is evidenced by CoinMarketCap data.
At the time of writing, Bitcoin is trading at the level of $44,500. Against the background of the rise in the price of Bitcoin, the dominance index of the asset has increased to 52%.
Where do you think Bitcoin will go next?#біткоїн #Bitcoin $BTC
At the time of writing, Bitcoin is trading at the level of $44,500. Against the background of the rise in the price of Bitcoin, the dominance index of the asset has increased to 52%.
Where do you think Bitcoin will go next?#біткоїн #Bitcoin $BTC
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Bitcoin broke the $46,000 level
On the morning of February 9, 2024, the Bitcoin rate broke the $46,000 mark, according to TradingView. At the moment, the asset reached the level of $46,384.At the time of writing, Bitcoin is anchored above $46,000 and continues to rise:Against this background, the index of asset dominance jumped. At the time of writing, it has reached 53.3%, according to TradingView. For the week, the increase was 1.1%:
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😬What to expect from #BTC . Some thoughts and possible future scenarios.
1. The week closed at $27,154 per BTC.
2. Mention of ETF approval fakes, which led to a return to the $29,000-$31,000 resistance zone.
3. Withdrawal of local liquidity for purchase with subsequent breakout of the local RSI trend line from April 2023.
4. Continuation of accumulation in the lateral range of $24,800 - $31,100.
5. We note a return to the middle of the range after the withdrawal of liquidity.
6. To emphasize the significance of flat lows at $24,800, which coincide with the mirror support level, which acts as a large pool of liquidity for sale.
7. Areas of interest for a global correction, including areas coinciding with Fibonacci levels ($23,000-$24,000; $21,000-$22,000; $18,000-$20,000). The nearest zone of interest for medium and long-term purchases is $23,000 - $24,000.
Conclusion:
In the range of $25,000 - $31,000, accumulation continues, and consolidation outside this range will determine the further direction of the asset's movement. In the case of continued growth and consolidation above the resistance zone, an active margin up to $38,000 is possible, while the resistance zone will act as a support zone.
$BTC #Bitcoin #біткоїн
1. The week closed at $27,154 per BTC.
2. Mention of ETF approval fakes, which led to a return to the $29,000-$31,000 resistance zone.
3. Withdrawal of local liquidity for purchase with subsequent breakout of the local RSI trend line from April 2023.
4. Continuation of accumulation in the lateral range of $24,800 - $31,100.
5. We note a return to the middle of the range after the withdrawal of liquidity.
6. To emphasize the significance of flat lows at $24,800, which coincide with the mirror support level, which acts as a large pool of liquidity for sale.
7. Areas of interest for a global correction, including areas coinciding with Fibonacci levels ($23,000-$24,000; $21,000-$22,000; $18,000-$20,000). The nearest zone of interest for medium and long-term purchases is $23,000 - $24,000.
Conclusion:
In the range of $25,000 - $31,000, accumulation continues, and consolidation outside this range will determine the further direction of the asset's movement. In the case of continued growth and consolidation above the resistance zone, an active margin up to $38,000 is possible, while the resistance zone will act as a support zone.
$BTC #Bitcoin #біткоїн
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Everyone Should Hold Bitcoin. 🔥🔥⁉️🧑💻🚩 Come to your senses and buy yourself at least some.
If you're hesitating whether you should invest in Bitcoin and whether you can make money from it, let me show you why it's not just possible - it's a real opportunity to be a part of the global financial revolution.
1. Bitcoin is not just an asset, it is a new financial era
Think about it: Bitcoin is the first decentralized currency that is not controlled by any government or bank. Its deflationary nature (max 21 million coins) makes it more valuable over time. In a world where central banks can print more money, Bitcoin is limited and that creates a shortage. Once the demand for Bitcoin continues to grow (and it is growing), the price will go up.
1. Bitcoin is not just an asset, it is a new financial era
Think about it: Bitcoin is the first decentralized currency that is not controlled by any government or bank. Its deflationary nature (max 21 million coins) makes it more valuable over time. In a world where central banks can print more money, Bitcoin is limited and that creates a shortage. Once the demand for Bitcoin continues to grow (and it is growing), the price will go up.
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The value of bitcoin exceeded $48,000 for the first time in two years: what's new in the crypto market
On Friday, February 9, in the evening, the price of the first cryptocurrency exceeded $48,000 — for the first time since March 2022. This is evidenced by CoinMarketCap data.At the moment, the value of bitcoin was $48,152, after which the price of the asset rolled back. Today, February 10, at the time of writing, bitcoin is trading at a level of about $47,350. The asset rose in price by 2.57% during the day, and by 9.85% during the week.
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With the beginning of October, the cryptocurrency market enters a period that is historically associated with a solid increase in the price of Bitcoin, writes Crypto Briefing
#біткоїн over the past nine years
rose eight times in October by an average of 22.9%, which could push the leading cryptocurrency above $78,000 and new all-time highs if the trend continues, according to the latest report from analyst firm QCP Capital.
Bitcoin has been consolidating between $60,000 and $70,000 for eight months, fueling speculation of a possible breakout. The market is considering this possibility, especially with the upcoming US election. Spot inflows #ETF remain solidly positive, while interest rates are nearing levels reminiscent of the Q1 bull run.
The general mood in the cryptocurrency market remains bullish, which is supported by positive on-chain data and a favorable macroeconomic situation.
#біткоїн over the past nine years
rose eight times in October by an average of 22.9%, which could push the leading cryptocurrency above $78,000 and new all-time highs if the trend continues, according to the latest report from analyst firm QCP Capital.
Bitcoin has been consolidating between $60,000 and $70,000 for eight months, fueling speculation of a possible breakout. The market is considering this possibility, especially with the upcoming US election. Spot inflows #ETF remain solidly positive, while interest rates are nearing levels reminiscent of the Q1 bull run.
The general mood in the cryptocurrency market remains bullish, which is supported by positive on-chain data and a favorable macroeconomic situation.
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🚨 Bitcoin is heading for a correction
🚨 Bitcoin is very much overbought! 📉
Finally, he updated his ATH to $75,000. However, most altcoins are still in the draw. It's time to close the lounges and put your feet up!
Now is the time to trade with stops, because the drop can be very big. Last time Bitcoin updated its ATH, it was down $16,000. Now it can go on a correction to $28,000. I don't want to experience the same fall again.
Finally, he updated his ATH to $75,000. However, most altcoins are still in the draw. It's time to close the lounges and put your feet up!
Now is the time to trade with stops, because the drop can be very big. Last time Bitcoin updated its ATH, it was down $16,000. Now it can go on a correction to $28,000. I don't want to experience the same fall again.