BTC?
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### $NOT Critical Updates ###
NOT coin is currently exhibiting neutral behavior, successfully holding the support level at $0.0135 and trading at $0.0148 to 0.015. The resistance levels to monitor are $0.0153 and $0.0162. Although the 100 EMA touching the wick suggests increased buying pressure, the overall trend indicated by the EMA remains bullish. It’s essential for NOT to maintain the support at $0.0135 to sustain the bullish momentum. The market has recently seen a liquidation of short positions and a 90% increase in price
#not #NOT🔥🔥🔥 #Notcoinnews #BTC☀ #CPI_BTC_Watch
$BTC
$XRP
NOT coin is currently exhibiting neutral behavior, successfully holding the support level at $0.0135 and trading at $0.0148 to 0.015. The resistance levels to monitor are $0.0153 and $0.0162. Although the 100 EMA touching the wick suggests increased buying pressure, the overall trend indicated by the EMA remains bullish. It’s essential for NOT to maintain the support at $0.0135 to sustain the bullish momentum. The market has recently seen a liquidation of short positions and a 90% increase in price
#not #NOT🔥🔥🔥 #Notcoinnews #BTC☀ #CPI_BTC_Watch
$BTC
$XRP
See original
BTC will reach $62,400.
Thank God, as I predicted two days ago, BTC is heading towards $62,400. According to current analysis, BTC is forming a head and shoulders reversal pattern. Accordingly, BTC will reach $62,400 and then it will decline until it reaches $58,000 and then it will rise again.
For proof, you can see the images attached below. At this time, just focus on $62,400 and then I will update you on the next move. For more updates follow #MU_Traders .
Like and share the post if it was useful to you.
#CPI_BTC_Watch #MtGoxJulyRepayments #BTC☀ #cryptonyusu
Thank God, as I predicted two days ago, BTC is heading towards $62,400. According to current analysis, BTC is forming a head and shoulders reversal pattern. Accordingly, BTC will reach $62,400 and then it will decline until it reaches $58,000 and then it will rise again.
For proof, you can see the images attached below. At this time, just focus on $62,400 and then I will update you on the next move. For more updates follow #MU_Traders .
Like and share the post if it was useful to you.
#CPI_BTC_Watch #MtGoxJulyRepayments #BTC☀ #cryptonyusu
My Spot Portfolio
1 / 300
Minimum 10USDT
Copy trader have earned in last 7 days
57.41
USDT
7D ROI
+8.16%
AUM
$889.46
Win Rate
40.91%
🔴 $NOT UPDATES 🔴
Current Price: $0.015
🟢 Recent Performance: The recent performance of Notcoin on the 4-hour chart highlights a mix of consolidation and potential breakout scenarios.
🔵 Resistance Levels: The first major resistance level is at $0.0165. Breaking above this could open the path towards higher levels, with the next significant resistance at $0.017.
🟡 Support Levels: The crucial support level is at $0.014. A dip below this could lead to further downside, with additional support zones at $0.0135 and $0.013.
RSI is at 50 suggest potential rebound.
#not #NOT🔥🔥🔥 #Notcoinnews #BTC☀ #CPI_BTC_Watch
$BTC
$XRP
Current Price: $0.015
🟢 Recent Performance: The recent performance of Notcoin on the 4-hour chart highlights a mix of consolidation and potential breakout scenarios.
🔵 Resistance Levels: The first major resistance level is at $0.0165. Breaking above this could open the path towards higher levels, with the next significant resistance at $0.017.
🟡 Support Levels: The crucial support level is at $0.014. A dip below this could lead to further downside, with additional support zones at $0.0135 and $0.013.
RSI is at 50 suggest potential rebound.
#not #NOT🔥🔥🔥 #Notcoinnews #BTC☀ #CPI_BTC_Watch
$BTC
$XRP
Renzo: ezETH TVL has reached $2.1 billion, pzETH TVL has reached $66.5 million
Renzo official data shows that the TVL of the liquidity re-staking token ezETH based on EigenLayer has reached 2.1 billion US dollars; the TVL of the liquidity re-staking token pzETH based on Symbiotic has reached 66.5 million US dollars; the total pledge of REZ has exceeded 98 million, worth about 6.41 million US dollars.
#BTC☀
#BTC☀
🚨 #bitcoin Trade Update: 🚨
If you took the ascending triangle trade after the perfect retest, congratulations! You've made some profit. Now, it's time to close 50% of your order and set the stop loss $100 above your entry price, as #BTC☀ is currently at a major resistance level.
Previously, I mentioned a bearish flag pattern, which can also be classified as a rising wedge pattern. I've marked the support levels. To invalidate the bearish scenario, we need to flip the range low (marked in yellow) into support and break above the yellow trendline, which we're currently attempting.
The technical target of the rising wedge pattern is $53,466, but we might see a reversal from the first target itself, aligning with the golden Fibonacci level. If we reach the third target and lose it and flip it into resistance, this would confirm the bearish flag pattern, projecting a target of $51.8k, which I find unlikely. Nonetheless, I’ll keep you updated.
$BTC
The 4H timeframe is in overbought territory and needs to cool down before continuing upwards. We currently lack the momentum to break the resistance. If we break the resistance and flip it into support while the oscillator returns to neutral territory, I'll update you. If resistance doesn't flip into support, we'll likely hit the first target before continuing upward.
Overall, I expect a trend reversal soon. By the end of July, these fluctuations may become insignificant. Historically, July has always closed with a green candle following a red June.
Let's stay vigilant and watch for these key levels and patterns. Happy trading!
If you took the ascending triangle trade after the perfect retest, congratulations! You've made some profit. Now, it's time to close 50% of your order and set the stop loss $100 above your entry price, as #BTC☀ is currently at a major resistance level.
Previously, I mentioned a bearish flag pattern, which can also be classified as a rising wedge pattern. I've marked the support levels. To invalidate the bearish scenario, we need to flip the range low (marked in yellow) into support and break above the yellow trendline, which we're currently attempting.
The technical target of the rising wedge pattern is $53,466, but we might see a reversal from the first target itself, aligning with the golden Fibonacci level. If we reach the third target and lose it and flip it into resistance, this would confirm the bearish flag pattern, projecting a target of $51.8k, which I find unlikely. Nonetheless, I’ll keep you updated.
$BTC
The 4H timeframe is in overbought territory and needs to cool down before continuing upwards. We currently lack the momentum to break the resistance. If we break the resistance and flip it into support while the oscillator returns to neutral territory, I'll update you. If resistance doesn't flip into support, we'll likely hit the first target before continuing upward.
Overall, I expect a trend reversal soon. By the end of July, these fluctuations may become insignificant. Historically, July has always closed with a green candle following a red June.
Let's stay vigilant and watch for these key levels and patterns. Happy trading!
LIVEAnonymous B69
--
Bullish
🚨🚨 #Bitcoin Short-Term Update 🚨🚨
Technical analysis is genuinely beautiful. In the 4H time frame, I've identified two patterns: one bearish and one bullish. The interpretation largely depends on one's perspective.
Bullish Scenario:
On the 4H time frame, $BTC is forming an ascending triangle with two fake outs above the neckline resistance. The target of this pattern is $63,982, which would bring us back into the range—positive news for #BTC.
The pattern will be confirmed once $BTC flips the neckline resistance into support.
Bearish Scenario:
Conversely, on the 4H time frame, $BTC is also on its way to creating a bearish flag pattern. The technical target of this pattern is $51,892, aligning with the 1.414 Fibonacci level. Should we break the $53.5k support level, the 1.414 Fibonacci level will act as significant support.
Both patterns are valid, and it all depends what the person wants to see, bears will see the bearish one and the Bulls will see the bullish one. But being able to see both sides is the most important thing.
Disclaimer: If you plan to trade this, make sure to use proper risk management and have TP levels with a proper stop-loss.
If we break below the ascending level of support and face it as resistance then we'll likely dump and if we flip the neckline as support on the ascending triangle we'll likely pump.
Closing Thoughts:
Regardless of which pattern plays out, I believe #BTC will end July on a bullish note, leading to a strong monthly close. I anticipate late July into August will be very bullish, with #Bitcoin likely trading above $80k—specifically, above $82,000. Let's see how it unfolds.
____________The End____________
If you found this thread helpful, don't forget to:
➬ Follow me @Anonymous B69
for more.
➬ Like/Bookmark/Repost the first post of this thread if you can.❤️🤝🏻
Technical analysis is genuinely beautiful. In the 4H time frame, I've identified two patterns: one bearish and one bullish. The interpretation largely depends on one's perspective.
Bullish Scenario:
On the 4H time frame, $BTC is forming an ascending triangle with two fake outs above the neckline resistance. The target of this pattern is $63,982, which would bring us back into the range—positive news for #BTC.
The pattern will be confirmed once $BTC flips the neckline resistance into support.
Bearish Scenario:
Conversely, on the 4H time frame, $BTC is also on its way to creating a bearish flag pattern. The technical target of this pattern is $51,892, aligning with the 1.414 Fibonacci level. Should we break the $53.5k support level, the 1.414 Fibonacci level will act as significant support.
Both patterns are valid, and it all depends what the person wants to see, bears will see the bearish one and the Bulls will see the bullish one. But being able to see both sides is the most important thing.
Disclaimer: If you plan to trade this, make sure to use proper risk management and have TP levels with a proper stop-loss.
If we break below the ascending level of support and face it as resistance then we'll likely dump and if we flip the neckline as support on the ascending triangle we'll likely pump.
Closing Thoughts:
Regardless of which pattern plays out, I believe #BTC will end July on a bullish note, leading to a strong monthly close. I anticipate late July into August will be very bullish, with #Bitcoin likely trading above $80k—specifically, above $82,000. Let's see how it unfolds.
____________The End____________
If you found this thread helpful, don't forget to:
➬ Follow me @Anonymous B69
for more.
➬ Like/Bookmark/Repost the first post of this thread if you can.❤️🤝🏻
$BTC
Analyzing the Bitcoin (BTC) chart provided, we can see that BTC is currently trading at 60,132 USDT. The key resistance level at 60,400 USDT has been approached but not yet convincingly broken. The chart displays several technical indicators that suggest a potential for an uptrend if a daily close above 62,000 USDT is achieved.
1. **Exponential Moving Averages (EMAs)**: The 7-day EMA (58,387.97) is above the 25-day EMA (43,557.43), indicating a short-term bullish trend. A daily close above 62,000 USDT would further confirm this bullish momentum.
2. **Bollinger Bands**: The upper Bollinger Band (73,777.77) shows room for upward movement. A close above 62,000 USDT would likely push BTC towards this upper band, signaling strong buying pressure.
3. **Parabolic SAR (Stop and Reverse)**: The SAR dots below the current price indicate a bullish trend. Continued upward movement with a close above 62,000 USDT would maintain this positive signal.
4. **Moving Average Convergence Divergence (MACD)**: The MACD line (3,120.98) is above the signal line (6,217.16), suggesting bullish momentum. A higher close would likely extend this positive divergence.
5. **Relative Strength Index (RSI)**: Currently at 61.04, the RSI indicates a healthy uptrend without being overbought. A close above 62,000 USDT could push the RSI higher, confirming increased buying strength.
Overall, a daily close above 62,000 USDT would likely act as a strong bullish signal, indicating the potential start of a new up cycle for Bitcoin, supported by these technical indicators. #BTC☀
Analyzing the Bitcoin (BTC) chart provided, we can see that BTC is currently trading at 60,132 USDT. The key resistance level at 60,400 USDT has been approached but not yet convincingly broken. The chart displays several technical indicators that suggest a potential for an uptrend if a daily close above 62,000 USDT is achieved.
1. **Exponential Moving Averages (EMAs)**: The 7-day EMA (58,387.97) is above the 25-day EMA (43,557.43), indicating a short-term bullish trend. A daily close above 62,000 USDT would further confirm this bullish momentum.
2. **Bollinger Bands**: The upper Bollinger Band (73,777.77) shows room for upward movement. A close above 62,000 USDT would likely push BTC towards this upper band, signaling strong buying pressure.
3. **Parabolic SAR (Stop and Reverse)**: The SAR dots below the current price indicate a bullish trend. Continued upward movement with a close above 62,000 USDT would maintain this positive signal.
4. **Moving Average Convergence Divergence (MACD)**: The MACD line (3,120.98) is above the signal line (6,217.16), suggesting bullish momentum. A higher close would likely extend this positive divergence.
5. **Relative Strength Index (RSI)**: Currently at 61.04, the RSI indicates a healthy uptrend without being overbought. A close above 62,000 USDT could push the RSI higher, confirming increased buying strength.
Overall, a daily close above 62,000 USDT would likely act as a strong bullish signal, indicating the potential start of a new up cycle for Bitcoin, supported by these technical indicators. #BTC☀
My Buys for 3x to 5x Returns
1st Category: Low Risk, Low Reward
1. Ethereum (ETH)
• First Buy: $3,080
• Second Buy: $2,890
• Selling Targets: $3,800, $4,200, $4,500
2. ChainLink (LINK)
• Buy: $11.80
• Selling Targets: $15, $17, $20
2nd Category: Mid Risk, Mid Reward
1. Phoenix Global (PHB)
• Achieved 5x returns twice
• First Buy: $1.60
• Second Buy: $1.35
• Average Buy: $1.48
• Selling Targets: $2, $2.5, $3, $5
2. Phala Network (PHA)
• Buy: $0.1180
• Selling Targets: $0.14, $0.16, $0.20
3rd Category: High Risk, High Reward
Note: These coins include high risk. Must DYOR.
1. Marlin (POND)
• Buy: $0.1570
• Selling Targets: $0.19, $0.25
2. Aavegotchi (GHST)
• Buy: $0.97
• Selling Targets: $1.2, $1.5, $2
These are my buys during the recent market dip. You can consider these coins too, as many of them were purchased together.
Portfolio Allocation:
• 1st Category: 25%
• 2nd Category: 20%
• 3rd Category: 5%
#ETH🔥🔥🔥🔥 #BTC☀ #PHB. #LINK🔥🔥🔥
1st Category: Low Risk, Low Reward
1. Ethereum (ETH)
• First Buy: $3,080
• Second Buy: $2,890
• Selling Targets: $3,800, $4,200, $4,500
2. ChainLink (LINK)
• Buy: $11.80
• Selling Targets: $15, $17, $20
2nd Category: Mid Risk, Mid Reward
1. Phoenix Global (PHB)
• Achieved 5x returns twice
• First Buy: $1.60
• Second Buy: $1.35
• Average Buy: $1.48
• Selling Targets: $2, $2.5, $3, $5
2. Phala Network (PHA)
• Buy: $0.1180
• Selling Targets: $0.14, $0.16, $0.20
3rd Category: High Risk, High Reward
Note: These coins include high risk. Must DYOR.
1. Marlin (POND)
• Buy: $0.1570
• Selling Targets: $0.19, $0.25
2. Aavegotchi (GHST)
• Buy: $0.97
• Selling Targets: $1.2, $1.5, $2
These are my buys during the recent market dip. You can consider these coins too, as many of them were purchased together.
Portfolio Allocation:
• 1st Category: 25%
• 2nd Category: 20%
• 3rd Category: 5%
#ETH🔥🔥🔥🔥 #BTC☀ #PHB. #LINK🔥🔥🔥
93 new wallets have withdrawn 12.75 million LINK from Binance since June 24
According to Lookonchain monitoring, since June 24, 93 new wallets have withdrawn 12.75 million LINK (167 million US dollars) from Binance.
#BTC☀
#BTC☀
🔴 $NOT CRITICAL UPDATES 🔴
Current Price: $0.015
🟢 Recent Performance: The recent performance of Notcoin on the 4-hour chart highlights a mix of consolidation and potential breakout scenarios. Closing prices over the past five sessions have shown minimal fluctuations, indicating a tight trading range between $0.01503 and $0.01529.
🔵 Technical Indicators:
EMA: The current 9 EMA is $0.015, while the 20 EMA is slightly higher at $0.0153. MACD: indicator reinforces this bearish sentiment. The MACD line has been below the signal line, and the histogram values have been negative, However, the narrowing gap between the MACD and the signal line indicates that bearish momentum is weakening,
RSI: has been fluctuating around the 50 level, reflecting a neutral market sentiment. values have ranged from 46.93 to 50.49, showing neither overbought nor oversold conditions.
🟡 Support Levels: Key support levels to watch include $0.015 and $0.014. A breakdown below these levels could trigger further selling pressure, leading to a potential test of lower supports.
🔴 Resistance Levels: Resistance levels at $0.0159 and $0.01615 are crucial for the bulls. A sustained move above these levels could signal the beginning of a new uptrend, attracting buyers and potentially leading to higher prices.
#not #NOT🔥🔥🔥 #Notcoinnews #BTC☀ #CPI_BTC_Watch
$BTC
$XRP
Current Price: $0.015
🟢 Recent Performance: The recent performance of Notcoin on the 4-hour chart highlights a mix of consolidation and potential breakout scenarios. Closing prices over the past five sessions have shown minimal fluctuations, indicating a tight trading range between $0.01503 and $0.01529.
🔵 Technical Indicators:
EMA: The current 9 EMA is $0.015, while the 20 EMA is slightly higher at $0.0153. MACD: indicator reinforces this bearish sentiment. The MACD line has been below the signal line, and the histogram values have been negative, However, the narrowing gap between the MACD and the signal line indicates that bearish momentum is weakening,
RSI: has been fluctuating around the 50 level, reflecting a neutral market sentiment. values have ranged from 46.93 to 50.49, showing neither overbought nor oversold conditions.
🟡 Support Levels: Key support levels to watch include $0.015 and $0.014. A breakdown below these levels could trigger further selling pressure, leading to a potential test of lower supports.
🔴 Resistance Levels: Resistance levels at $0.0159 and $0.01615 are crucial for the bulls. A sustained move above these levels could signal the beginning of a new uptrend, attracting buyers and potentially leading to higher prices.
#not #NOT🔥🔥🔥 #Notcoinnews #BTC☀ #CPI_BTC_Watch
$BTC
$XRP
#BTCD
Expected next move
#alts bounce soon i hope
and need a btc 60k bounce
my #alts bag sell plan Q1 2025
let's go guys
Expected next move
#alts bounce soon i hope
and need a btc 60k bounce
my #alts bag sell plan Q1 2025
let's go guys
#BTC☀ $BTC as predicted green run to come after breaking resistance twice and here we are seeing btc performing 🤩
LIVECSV2
--
#BTC☀ twice breaking resistance. I feel green run to come soon. As long btc holds above 58.4k we are good in market, if fails then 56k ranges are decider either bounce back up or bearish run to come further.
that's all for market update on $BTC for now.
that's all for market update on $BTC for now.
🇩🇪📈 #BTC☀ Donations to German Govt Wallet Surge 9000%
In mid-June, the German govt sold its Bitcoin assets, flooding the market. Surprisingly, small BTC donations started pouring in, beginning with 0.0000321 BTC from an anonymous sender. This led to a total of $230 (~0.004 BTC) in donations, boosting the wallet by 9000% in less than a day. These events underscore the volatility and decentralized nature of the crypto market, highlighting both its challenges and the unique dynamics of digital asset ownership. 🌐🔗
In mid-June, the German govt sold its Bitcoin assets, flooding the market. Surprisingly, small BTC donations started pouring in, beginning with 0.0000321 BTC from an anonymous sender. This led to a total of $230 (~0.004 BTC) in donations, boosting the wallet by 9000% in less than a day. These events underscore the volatility and decentralized nature of the crypto market, highlighting both its challenges and the unique dynamics of digital asset ownership. 🌐🔗
Bitcoin Price Rally Soon: 5 Reasons Why
Bullish signs emerge for Bitcoin (BTC) as the price breaks $60,000
Here's a breakdown of why a significant rally might be on the horizon:
Miner Capitulation:
Weaker miners are shutting down, reducing selling pressure and potentially paving the way for a price upswing
German Selloff Ends:
The German government's Bitcoin selloff is complete, removing a major source of downward pressure
Whales Accumulating:
Big investors are buying the dip, with whale transactions reaching $41.32 billion, potentially leading to a supply squeeze and price surge
ETF Boom:
Global Bitcoin ETFs are experiencing record inflows, reflecting growing institutional interest and potentially driving prices higher as more capital enters the market
Possible Rate Cut:
Economic indicators suggest a high chance of a Fed rate cut in September, which could weaken the US dollar and benefit Bitcoin as an alternative asset
Stay tuned for further market updates
#BTC☀ #CPI_BTC_Watch #Germany #ETF
Bullish signs emerge for Bitcoin (BTC) as the price breaks $60,000
Here's a breakdown of why a significant rally might be on the horizon:
Miner Capitulation:
Weaker miners are shutting down, reducing selling pressure and potentially paving the way for a price upswing
German Selloff Ends:
The German government's Bitcoin selloff is complete, removing a major source of downward pressure
Whales Accumulating:
Big investors are buying the dip, with whale transactions reaching $41.32 billion, potentially leading to a supply squeeze and price surge
ETF Boom:
Global Bitcoin ETFs are experiencing record inflows, reflecting growing institutional interest and potentially driving prices higher as more capital enters the market
Possible Rate Cut:
Economic indicators suggest a high chance of a Fed rate cut in September, which could weaken the US dollar and benefit Bitcoin as an alternative asset
Stay tuned for further market updates
#BTC☀ #CPI_BTC_Watch #Germany #ETF
🚨🚨$BTC Latest Update🚨🚨Dont miss😳😳
As predicted, Bitcoin ($BTC ) is on the rise. The $BTC /USDT pair is currently priced at $60,072.01, marking a 3.49% increase in the past 24 hours. It has reached a 24-hour high of $60,324.61 and a low of $57,900.57, indicating strong bullish momentum.
Trading Strategy:
Long Trades:
- Entry Point:Around $60,072.01
- Target:$60,324.61
Short Trades:
- Entry Point:Around $60,324.61
- Target:$59,000 for a potential pullback
With high trading volumes of 20,077.75 BTC and 1.19B USDT, the market shows robust activity, presenting ample opportunities for profitable trades.
#Megadrop #BinanceTournament #ETHETFsApproved #Write2Earn! #BTC☀
As predicted, Bitcoin ($BTC ) is on the rise. The $BTC /USDT pair is currently priced at $60,072.01, marking a 3.49% increase in the past 24 hours. It has reached a 24-hour high of $60,324.61 and a low of $57,900.57, indicating strong bullish momentum.
Trading Strategy:
Long Trades:
- Entry Point:Around $60,072.01
- Target:$60,324.61
Short Trades:
- Entry Point:Around $60,324.61
- Target:$59,000 for a potential pullback
With high trading volumes of 20,077.75 BTC and 1.19B USDT, the market shows robust activity, presenting ample opportunities for profitable trades.
#Megadrop #BinanceTournament #ETHETFsApproved #Write2Earn! #BTC☀
$BTC UPDATES ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
Bitcoin (BTC) is struggling to break through the $60K resistance zone
- Crypto analyst Captain Faibik believes that once BTC surpasses $60K, the next target will be $70K
- Market uncertainty and factors like Germany's Bitcoin liquidation and the Mt. Gox trustee's sell-off are contributing to the complexity
- Despite challenges, the long-term outlook is bullish, with increasing institutional interest and adoption rates.
#Write2Earn! #BTC☀ #Bitcoin❗
Bitcoin (BTC) is struggling to break through the $60K resistance zone
- Crypto analyst Captain Faibik believes that once BTC surpasses $60K, the next target will be $70K
- Market uncertainty and factors like Germany's Bitcoin liquidation and the Mt. Gox trustee's sell-off are contributing to the complexity
- Despite challenges, the long-term outlook is bullish, with increasing institutional interest and adoption rates.
#Write2Earn! #BTC☀ #Bitcoin❗
LIVESamina Khan
--
Is Bitcoin's Price at its Lowest Yet or Should Traders Be Patient❓❓❓
$BTC
Bitcoin's price has been rejected twice from the short-term range highs at $58.8k, leading to a fearful market sentiment. However, there are clues that suggest a possible rebound:
- Rising accumulation trend score indicates willingness from buyers
- Average losses of short-term holders are similar to those of June 2023, but less severe than in 2021 and 2022
- Trader realized profit/loss margin is at -17%, similar to market bottoms over the past two years
However, other metrics suggest a potential for further price drops:
- Whales are not over-leveraged, which could lead to a deeper correction below $50k
- Estimated leverage ratio on exchanges increased rapidly in recent weeks, suggesting traders are trying to time the bottom
Overall, it is still uncertain whether Bitcoin has reached its lowest point, and investors should prepare for the possibility of a price drop below $50k.
DYOR / NFA
#Write2Earn! #BinanceTurns7 #CPI_BTC_Watch #BinanceTournament #Megadrop
$BTC
Bitcoin's price has been rejected twice from the short-term range highs at $58.8k, leading to a fearful market sentiment. However, there are clues that suggest a possible rebound:
- Rising accumulation trend score indicates willingness from buyers
- Average losses of short-term holders are similar to those of June 2023, but less severe than in 2021 and 2022
- Trader realized profit/loss margin is at -17%, similar to market bottoms over the past two years
However, other metrics suggest a potential for further price drops:
- Whales are not over-leveraged, which could lead to a deeper correction below $50k
- Estimated leverage ratio on exchanges increased rapidly in recent weeks, suggesting traders are trying to time the bottom
Overall, it is still uncertain whether Bitcoin has reached its lowest point, and investors should prepare for the possibility of a price drop below $50k.
DYOR / NFA
#Write2Earn! #BinanceTurns7 #CPI_BTC_Watch #BinanceTournament #Megadrop
