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Solana (SOL) Stuns Bears: $200 on Horizon?
Solana has stunned bears with 33% increase over last two weeks
According to on-chain #Analytics firm #santiment , Solana (SOL), the fifth largest cryptocurrency by market capitalization, has stunned bears with a 33% increase over the last two weeks.
Santiment noted that Solana prices have broken out 33% since July 4, and this climb is being fueled by crowd doubt toward SOL. It went on to say that this current scenario is benefiting Solana Hodlers, noting that "The Solana faithful have been rewarded for their patience as prices have broken out +33% since July 4."
📈 The Solana faithful have been rewarded for their patience as prices have broken out +33% since the 4th of July. The climb is being fueled by crowd doubt toward SOL. Until FOMO replaces the FUD, $200 SOL is very much reachable soon. pic.twitter.com/hLpf8qZVqb
As long as the current FUD (fear, uncertainty and doubt) persists, according to Santiment, Solana might see price climbs with crowd belief allowing further price rise.
Santiment added that unless #fomo (fear of missing out) replaces the FUD, the $200 mark might be soon reachable.
Solana to $200?
At the time of writing, $SOL was barely up 1% in the last 24 hours to $169. The token, however, remains higher at 21% weekly
The latest rebound follows as Solana rose steadily from lows of $121 on July 5. Since then, bulls have driven Solana higher, signaling strong demand. If this rebound scenario sustains, Solana could climb to $180 and eventually to the $200 level.
As previously reported, Ali Martinez, a crypto #analyst , spotted a "W" pattern, which bears similitude with the double bottom, and highlighted a price target of $175. This scenario also highlights the possibility of a $200 price target if Solana continues soaring.
This optimistic view will be negated in the near term if SOL's price falls below the moving averages. Solana's price might then return to its earlier consolidation range before the next major move.
#BinanceHODLerBANANA
Solana has stunned bears with 33% increase over last two weeks
According to on-chain #Analytics firm #santiment , Solana (SOL), the fifth largest cryptocurrency by market capitalization, has stunned bears with a 33% increase over the last two weeks.
Santiment noted that Solana prices have broken out 33% since July 4, and this climb is being fueled by crowd doubt toward SOL. It went on to say that this current scenario is benefiting Solana Hodlers, noting that "The Solana faithful have been rewarded for their patience as prices have broken out +33% since July 4."
📈 The Solana faithful have been rewarded for their patience as prices have broken out +33% since the 4th of July. The climb is being fueled by crowd doubt toward SOL. Until FOMO replaces the FUD, $200 SOL is very much reachable soon. pic.twitter.com/hLpf8qZVqb
As long as the current FUD (fear, uncertainty and doubt) persists, according to Santiment, Solana might see price climbs with crowd belief allowing further price rise.
Santiment added that unless #fomo (fear of missing out) replaces the FUD, the $200 mark might be soon reachable.
Solana to $200?
At the time of writing, $SOL was barely up 1% in the last 24 hours to $169. The token, however, remains higher at 21% weekly
The latest rebound follows as Solana rose steadily from lows of $121 on July 5. Since then, bulls have driven Solana higher, signaling strong demand. If this rebound scenario sustains, Solana could climb to $180 and eventually to the $200 level.
As previously reported, Ali Martinez, a crypto #analyst , spotted a "W" pattern, which bears similitude with the double bottom, and highlighted a price target of $175. This scenario also highlights the possibility of a $200 price target if Solana continues soaring.
This optimistic view will be negated in the near term if SOL's price falls below the moving averages. Solana's price might then return to its earlier consolidation range before the next major move.
#BinanceHODLerBANANA
📊 Top Bitcoin Analyst Shows Three Signs of Impending XRP Price Breakout 🔍
Hey crypto traders and XRP enthusiasts! The Blockopedia here with some exciting news from the world of cryptocurrency. Top Bitcoin analyst Tony "The Bull" has shared a bullish outlook on XRP, and we’ve got the key points from his analysis. Let’s dive into what’s signaling a potential XRP price breakout.
🚀 Bullish Signals from Bollinger Bands
Tony’s analysis revolves around the Bollinger Bands indicators on the XRP monthly chart, revealing three major signals:
Bollinger Band’s Width (BBW): Currently at its second tightest ever, suggesting reduced market volatility and a potential buildup for a price surge.
Bollinger %B Above 0.5: This indicator points to bullish price action, with the current value at 0.91, crossing above 0.5 for the first time since November 2020.
Price near the Upper Bollinger Band: XRP’s recent poke above this band is seen as a breakout buy signal. 🌟
📈 Historical Context and Market Sentiment
Looking back, similar BBW levels have historically led to significant price rallies. For instance, in October 2020, a low BBW was followed by XRP's rally to $1.96 in April 2021. The current chart patterns and historical data suggest a similar potential uptrend could be on the horizon for XRP. 📆
💡 What Does This Mean for XRP Investors?
For those invested in XRP or considering it, these indicators provide compelling reasons for optimism. However, as with any investment, especially in the volatile crypto market, it’s essential to approach with caution and conduct thorough research.
In conclusion, the Bollinger Bands analysis by Tony "The Bull" paints a bullish scenario for XRP in the near future. Whether you’re an active trader or a casual observer, these developments are worth watching closely.
👀 Stay tuned to The Blockopedia for more insights and timely updates on cryptocurrency trends and analysis! 💼🔥
#BTC #analyst #crypto #cryptocurrency #crypto2023
Hey crypto traders and XRP enthusiasts! The Blockopedia here with some exciting news from the world of cryptocurrency. Top Bitcoin analyst Tony "The Bull" has shared a bullish outlook on XRP, and we’ve got the key points from his analysis. Let’s dive into what’s signaling a potential XRP price breakout.
🚀 Bullish Signals from Bollinger Bands
Tony’s analysis revolves around the Bollinger Bands indicators on the XRP monthly chart, revealing three major signals:
Bollinger Band’s Width (BBW): Currently at its second tightest ever, suggesting reduced market volatility and a potential buildup for a price surge.
Bollinger %B Above 0.5: This indicator points to bullish price action, with the current value at 0.91, crossing above 0.5 for the first time since November 2020.
Price near the Upper Bollinger Band: XRP’s recent poke above this band is seen as a breakout buy signal. 🌟
📈 Historical Context and Market Sentiment
Looking back, similar BBW levels have historically led to significant price rallies. For instance, in October 2020, a low BBW was followed by XRP's rally to $1.96 in April 2021. The current chart patterns and historical data suggest a similar potential uptrend could be on the horizon for XRP. 📆
💡 What Does This Mean for XRP Investors?
For those invested in XRP or considering it, these indicators provide compelling reasons for optimism. However, as with any investment, especially in the volatile crypto market, it’s essential to approach with caution and conduct thorough research.
In conclusion, the Bollinger Bands analysis by Tony "The Bull" paints a bullish scenario for XRP in the near future. Whether you’re an active trader or a casual observer, these developments are worth watching closely.
👀 Stay tuned to The Blockopedia for more insights and timely updates on cryptocurrency trends and analysis! 💼🔥
#BTC #analyst #crypto #cryptocurrency #crypto2023
The number of daily transactions in #bitcoin network reached a historical #maximum
Bitcoin reached a figure almost equal to half a million!
The daily number of transactions on the Bitcoin blockchain reached a new all-time high, exceeding the mark of 426,000.
Colin Wu, a well-known #journalist and #analyst in the #cryptocurrency community, believes that the impressive growth in the number of transactions is primarily due to the rise in interest in Ordinals.
The protocol allows adding metadata to satoshi - small units of 0.00000001 BTC denomination - effectively creating an NFT marketplace within the largest cryptocurrency network by capitalization.
According to Grayscale analysts, the activity around Ordinals could be good for the BTC blockchain.
Bitcoin reached a figure almost equal to half a million!
The daily number of transactions on the Bitcoin blockchain reached a new all-time high, exceeding the mark of 426,000.
Colin Wu, a well-known #journalist and #analyst in the #cryptocurrency community, believes that the impressive growth in the number of transactions is primarily due to the rise in interest in Ordinals.
The protocol allows adding metadata to satoshi - small units of 0.00000001 BTC denomination - effectively creating an NFT marketplace within the largest cryptocurrency network by capitalization.
According to Grayscale analysts, the activity around Ordinals could be good for the BTC blockchain.
Crypto Analyst Reveals His Bullish Case For $XRP To Surge To $10 In The Future
A popular cryptocurrency market commentator, who on social media is known as Crypto Assets Guy, has recently revealed an ambitious price prediction for the native token of the XRP Ledger, $XRP , suggesting numerous factors could help drive its price up.
According to Crypto Assets Guy’s estimations, several key events could trigger a succession of price hikes for XRP, including the settlement of the ongoing legal battle between the U.S. Securities and Exchange Commission (#SEC ) and Ripple Labs, a major player in the XRP market.
Per his words, this could see XRP rise to $3.5, while a relisting on cryptocurrency exchanges that delisted the token could lead to $5.
Settlement announcement $3.50 Relisting in US exchanges $5 Ripple IPO $7 Banks partnerships $10 Stay realistic $XRP fam
— #crypto Assets Guy (cryptoassetsguy) July 5, 2023
He speculated that an initial public offering (IPO) from Ripple might push the price to $7, with strategic partnerships with banking institutions possibly elevating it to $10. His forecasts, it’s worth noting, are largely based on personal insights and market analyses. The price targets suggested may well prove to be overly optimistic given the inherently unpredictable and often volatile nature of #cryptocurrency markets.
Notably, the digital asset #analyst has previously warned followers not to expect the digital token to rise to $50 or $100, even in the event of a favorable resolution to the lawsuit.
As reported, in a noteworthy display of optimism, a cryptocurrency analyst known as JackTheRippler expressed his view today that the price of XRP, could escalate to $1,000, a valuation he characterizes as “merely trivial.”
JackTheRippler’s audacious projection provoked a flurry of reactions from the $XRP community. Many enthusiasts rejoiced at the notion that someone would predict such an impressive future for XRP.
Yet, not all in the #XRP community were convinced, with some viewing these lofty predictions as more of a pie-in-the-sky dream requiring nothing short of a miracle to become reality.
While these predictions exhibit a wide spectrum of optimism, investors are urged to conduct individual research and take into account that market conditions and unpredictable events can considerably impact price movements.
As CryptoGlobe reported, after the price of XRP tumbled last month, large cryptocurrency investors, colloquially known as whales, bought the dip, accumulating over 360 million tokens.
This isn’t the first time this year whales on the XRP Ledger accumulated during a downturn. As CryptoGlobe reported, back in March data from Santiment showed there were 50 new whale addresses on the XRP Ledger holding between 10 million and 100 million XRP.
Notably, a discernible pattern in the activity of daily active addresses might indicate that the native token of the $XRP Ledger, XRP, is setting the stage for a significant price pump. The pattern has seemingly been spotted on multiple occasions in the past, leading to notable spikes.
According to Crypto Assets Guy’s estimations, several key events could trigger a succession of price hikes for XRP, including the settlement of the ongoing legal battle between the U.S. Securities and Exchange Commission (#SEC ) and Ripple Labs, a major player in the XRP market.
Per his words, this could see XRP rise to $3.5, while a relisting on cryptocurrency exchanges that delisted the token could lead to $5.
Settlement announcement $3.50 Relisting in US exchanges $5 Ripple IPO $7 Banks partnerships $10 Stay realistic $XRP fam
— #crypto Assets Guy (cryptoassetsguy) July 5, 2023
He speculated that an initial public offering (IPO) from Ripple might push the price to $7, with strategic partnerships with banking institutions possibly elevating it to $10. His forecasts, it’s worth noting, are largely based on personal insights and market analyses. The price targets suggested may well prove to be overly optimistic given the inherently unpredictable and often volatile nature of #cryptocurrency markets.
Notably, the digital asset #analyst has previously warned followers not to expect the digital token to rise to $50 or $100, even in the event of a favorable resolution to the lawsuit.
As reported, in a noteworthy display of optimism, a cryptocurrency analyst known as JackTheRippler expressed his view today that the price of XRP, could escalate to $1,000, a valuation he characterizes as “merely trivial.”
JackTheRippler’s audacious projection provoked a flurry of reactions from the $XRP community. Many enthusiasts rejoiced at the notion that someone would predict such an impressive future for XRP.
Yet, not all in the #XRP community were convinced, with some viewing these lofty predictions as more of a pie-in-the-sky dream requiring nothing short of a miracle to become reality.
While these predictions exhibit a wide spectrum of optimism, investors are urged to conduct individual research and take into account that market conditions and unpredictable events can considerably impact price movements.
As CryptoGlobe reported, after the price of XRP tumbled last month, large cryptocurrency investors, colloquially known as whales, bought the dip, accumulating over 360 million tokens.
This isn’t the first time this year whales on the XRP Ledger accumulated during a downturn. As CryptoGlobe reported, back in March data from Santiment showed there were 50 new whale addresses on the XRP Ledger holding between 10 million and 100 million XRP.
Notably, a discernible pattern in the activity of daily active addresses might indicate that the native token of the $XRP Ledger, XRP, is setting the stage for a significant price pump. The pattern has seemingly been spotted on multiple occasions in the past, leading to notable spikes.
December 15, 2023
Total Market Cap : $1.61T🔵
Trading Volume (24H) : 0.18%🔵
BTC Dominance : 51.90%🔴
ETH Dominance : 16.99%🔵
MARKET BIAS
Short-Term (1-2 Days) : Bullish🔵
Mid-Term (1-4 Weeks) : Bullish🔴
Long-Term (12 Months) : Bearish🔵
$BTC : $42658
- Same as yesterday, we are on a consolidation phase and levels to watch is $44000-$44729 resistance level and if the parallel channel will hold or not.
$ETH : $2266
- Same as yesterday, we are on a consolidation phase and levels to watch is $2370-$2400 resistance level and if the parallel channel will hold or not.
KEY $BTC RESISTANCE: $44000-$44729
KEY $ETH RESISTANCE: $2370-$240
Trading guidance:
- Always refer to the movement of the chart to see where we are possibly heading.
#crypto #Cryptotraders #analyst #elliottwave
Total Market Cap : $1.61T🔵
Trading Volume (24H) : 0.18%🔵
BTC Dominance : 51.90%🔴
ETH Dominance : 16.99%🔵
MARKET BIAS
Short-Term (1-2 Days) : Bullish🔵
Mid-Term (1-4 Weeks) : Bullish🔴
Long-Term (12 Months) : Bearish🔵
$BTC : $42658
- Same as yesterday, we are on a consolidation phase and levels to watch is $44000-$44729 resistance level and if the parallel channel will hold or not.
$ETH : $2266
- Same as yesterday, we are on a consolidation phase and levels to watch is $2370-$2400 resistance level and if the parallel channel will hold or not.
KEY $BTC RESISTANCE: $44000-$44729
KEY $ETH RESISTANCE: $2370-$240
Trading guidance:
- Always refer to the movement of the chart to see where we are possibly heading.
#crypto #Cryptotraders #analyst #elliottwave
#Write2Earn 🌖 Technical Evaluation of Terra Crypto Price in 1-D Timeframe
At the time of publishing, the Terra crypto (USD: Luna) is trading below the 50 and 200-day EMAs (exponential moving averages), which do not support the price trend.
The current value of RSI is 37.68 points. The 14 SMA is above the median line at 36.00 points, which indicates that the Terra crypto is bearish.
The MACD line at -0.00000876 and the signal line at -0.00000943 are above the zero line. A bearish crossover is observed in the #MACD indicator, which signals more bearishness for the Luna crypto price.
As per the technical summary, the $LUNA crypto is indicating a sell signal as out of 26 analysts, 13 are on the sell side, 10 are on the neutral side, and 3 are on the buying side. However, the maximum weightage is on the sell side. The technical summary indicates that sellers are overpowering the trend and most of the #analyst are on the bear’s side and supporting the negative perspective.#TrendingTopic #BTC
At the time of publishing, the Terra crypto (USD: Luna) is trading below the 50 and 200-day EMAs (exponential moving averages), which do not support the price trend.
The current value of RSI is 37.68 points. The 14 SMA is above the median line at 36.00 points, which indicates that the Terra crypto is bearish.
The MACD line at -0.00000876 and the signal line at -0.00000943 are above the zero line. A bearish crossover is observed in the #MACD indicator, which signals more bearishness for the Luna crypto price.
As per the technical summary, the $LUNA crypto is indicating a sell signal as out of 26 analysts, 13 are on the sell side, 10 are on the neutral side, and 3 are on the buying side. However, the maximum weightage is on the sell side. The technical summary indicates that sellers are overpowering the trend and most of the #analyst are on the bear’s side and supporting the negative perspective.#TrendingTopic #BTC
📉Market Update: Exercise Caution 🚨💼
Dear Members,Current market conditions suggest a period of weakness. I recommend caution, especially with futures trades. Stay prepared for potential opportunities amid any downturn. We'll keep you posted on significant developments. Safe trading! 📊💡 #CryptoMarket #TradeWisely #analyst #trendingtoday
VIP MARKET UPDATE: $ADA
It is currently breaking out of a descending triangle pattern on the 1-day timeframe. Confirmation for a sustained upward trend will be provided by either a weekly candle close above the triangle or a successful retest above its boundaries.
Such developments would signal a potential continuation of the upward movement.
#Ada #ADA/USDT #ANALYSIS #analyst #News
It is currently breaking out of a descending triangle pattern on the 1-day timeframe. Confirmation for a sustained upward trend will be provided by either a weekly candle close above the triangle or a successful retest above its boundaries.
Such developments would signal a potential continuation of the upward movement.
#Ada #ADA/USDT #ANALYSIS #analyst #News
The Importance of Market Analysis in Digital Currency Trading analysis plays a crucial role in digital currency trading, also known as cryptocurrency trading. Understanding the significance of market analysis is essential for successful trading in the digital currency space. Here's why it's important:
1. Price Volatility: Cryptocurrency markets are highly volatile. Prices can experience significant fluctuations within short timeframes. Market analysis helps traders anticipate and react to these price movements effectively.
2. Informed Decision-Making: By analyzing the market, traders can make well-informed decisions about when to buy or sell digital currencies. They rely on various analysis methods to identify entry and exit points.
3. Risk Management: Market analysis is an integral part of risk management. It allows traders to assess potential risks and rewards before entering a trade. Effective risk management is crucial to protect capital and minimize losses.
4. Identifying Trends: Market analysis helps traders identify trends, whether they are short-term or long-term. Recognizing trends can lead to profitable trading strategies, as traders can follow the direction of the market.
5. Fundamental Analysis: Traders use fundamental analysis to evaluate the underlying factors affecting a digital currency's value, such as technology developments, adoption, and market sentiment. Understanding these fundamentals can influence trading decisions.
6. Adapting to Market Conditions: Market analysis enables traders to adapt to changing market conditions. Whether the market is bullish, bearish, or ranging, traders can adjust their strategies accordingly.
7. Entry and Exit Strategies: Market analysis helps traders develop effective entry and exit strategies. It allows them to set stop-loss and take-profit orders, ensuring they have predefined exit points to lock in profits or limit losses.
#BTC #Analytics #analyst #cryptoanalysis
1. Price Volatility: Cryptocurrency markets are highly volatile. Prices can experience significant fluctuations within short timeframes. Market analysis helps traders anticipate and react to these price movements effectively.
2. Informed Decision-Making: By analyzing the market, traders can make well-informed decisions about when to buy or sell digital currencies. They rely on various analysis methods to identify entry and exit points.
3. Risk Management: Market analysis is an integral part of risk management. It allows traders to assess potential risks and rewards before entering a trade. Effective risk management is crucial to protect capital and minimize losses.
4. Identifying Trends: Market analysis helps traders identify trends, whether they are short-term or long-term. Recognizing trends can lead to profitable trading strategies, as traders can follow the direction of the market.
5. Fundamental Analysis: Traders use fundamental analysis to evaluate the underlying factors affecting a digital currency's value, such as technology developments, adoption, and market sentiment. Understanding these fundamentals can influence trading decisions.
6. Adapting to Market Conditions: Market analysis enables traders to adapt to changing market conditions. Whether the market is bullish, bearish, or ranging, traders can adjust their strategies accordingly.
7. Entry and Exit Strategies: Market analysis helps traders develop effective entry and exit strategies. It allows them to set stop-loss and take-profit orders, ensuring they have predefined exit points to lock in profits or limit losses.
#BTC #Analytics #analyst #cryptoanalysis
$BTC
halving?
🛑🟢Some experts think there might be a big drop in the Bitcoin market soon.
🟢👉visit my pin 📌 profile
👉 😬 They call this time "next living," which means we could see some big changes! 🌟
🟢If you've got some Bitcoin saved up, you might want to think about selling it in May.
🔥💥 🤔 Why? Well, there's a chance it could drop to $50k! That's a big fall! 😱 And if that happens, other coins might fall too. 📉
😥🛑But don't worry too much! Right now, the Bitcoin market is bouncing up and down like crazy, like a trampoline, and it's expected to bounce back up soon. Phew!
🟢🛑 😅 Keep an eye on that $68k support level – if it falls below, it could go all the way down to $64k! 🎩👀
🛑👉Now, remember, no one can say for sure what's going to happen.
👉🟢
These are just guesses based on some smart thinking.
👉🤓 So, it's important to stay informed by like the post and follow our channel! 📺
🛑🟢Looking ahead, there's something called the "halving" event coming up.
🔥🔥 🎆 This could lead to some big changes in the market, with prices possibly going way up – or down.
💥It's like trying to guess where a yo-yo will go next!
🔥💥So, what's the bottom line? Be careful out there, friends! Only spend what you can afford to lose, because the future of Bitcoin is as unpredictable as a game of musical chairs! 🎶💺 Enjoy the ride, and stay safe! 🚀💫
#marketanalysis. #CryptoApril #BullorBear #analyst
💥🔥Disclaimer: Includes third-party opinions.
🟢 No financial advice. See T&Cs.
🛑Share with friends now
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halving?
🛑🟢Some experts think there might be a big drop in the Bitcoin market soon.
🟢👉visit my pin 📌 profile
👉 😬 They call this time "next living," which means we could see some big changes! 🌟
🟢If you've got some Bitcoin saved up, you might want to think about selling it in May.
🔥💥 🤔 Why? Well, there's a chance it could drop to $50k! That's a big fall! 😱 And if that happens, other coins might fall too. 📉
😥🛑But don't worry too much! Right now, the Bitcoin market is bouncing up and down like crazy, like a trampoline, and it's expected to bounce back up soon. Phew!
🟢🛑 😅 Keep an eye on that $68k support level – if it falls below, it could go all the way down to $64k! 🎩👀
🛑👉Now, remember, no one can say for sure what's going to happen.
👉🟢
These are just guesses based on some smart thinking.
👉🤓 So, it's important to stay informed by like the post and follow our channel! 📺
🛑🟢Looking ahead, there's something called the "halving" event coming up.
🔥🔥 🎆 This could lead to some big changes in the market, with prices possibly going way up – or down.
💥It's like trying to guess where a yo-yo will go next!
🔥💥So, what's the bottom line? Be careful out there, friends! Only spend what you can afford to lose, because the future of Bitcoin is as unpredictable as a game of musical chairs! 🎶💺 Enjoy the ride, and stay safe! 🚀💫
#marketanalysis. #CryptoApril #BullorBear #analyst
💥🔥Disclaimer: Includes third-party opinions.
🟢 No financial advice. See T&Cs.
🛑Share with friends now
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$ARKM analysis:
Price has been rejected from the resistance area and is currently retesting it. A break above this resistance area could lead to a significant rally.
Support Area: $0.323-$0.34
Resistance Area: $0.438-$0.452
#ARKM/USDT #ARKMUSDT #ARKM #ANALYSIS #analyst
Price has been rejected from the resistance area and is currently retesting it. A break above this resistance area could lead to a significant rally.
Support Area: $0.323-$0.34
Resistance Area: $0.438-$0.452
#ARKM/USDT #ARKMUSDT #ARKM #ANALYSIS #analyst
Tell The Name Of Coin You Want To Get Live #ANALYSIS
Just to Know You That Feel Free To Ask Anything Whatever You Want, I'll Try To Give Answer To all Of You.
#analyst #APCrypto #LearnBeforeInvesting #LearnFromMistakes
$WIF $BOME $PEPE
Just to Know You That Feel Free To Ask Anything Whatever You Want, I'll Try To Give Answer To all Of You.
#analyst #APCrypto #LearnBeforeInvesting #LearnFromMistakes
$WIF $BOME $PEPE
MBOX analysis:
Price is currently testing a support level, which if broken, would indicate a bearish trend. Despite an anticipated rebound, a small long position with a tight stop loss may be opened.
Support Area: $0.25-$0.265
Resistance Area: $0.295-$0.30
Major Resistance Area: $0.334-$0.35
#MBOX #mboxusdt #ANALYSIS #analyst #BTC $MBOX
Price is currently testing a support level, which if broken, would indicate a bearish trend. Despite an anticipated rebound, a small long position with a tight stop loss may be opened.
Support Area: $0.25-$0.265
Resistance Area: $0.295-$0.30
Major Resistance Area: $0.334-$0.35
#MBOX #mboxusdt #ANALYSIS #analyst #BTC $MBOX
📊 This year's rally began when BTC was trading below its rezed price, which historically coincided with bear market lows;
▪️ Long-term BTC reserves are approaching historical highs, indi ing limited supply;
▪️ About 90% of the BTC supply is currently profitable, so we may see additional sellers.
Limited supply coupled with reduced selling miners, halving and potential ETF approval point to a strong backdrop for BTC.
#ANALYSIS #analyst #BTC #ETH #etf
▪️ Long-term BTC reserves are approaching historical highs, indi ing limited supply;
▪️ About 90% of the BTC supply is currently profitable, so we may see additional sellers.
Limited supply coupled with reduced selling miners, halving and potential ETF approval point to a strong backdrop for BTC.
#ANALYSIS #analyst #BTC #ETH #etf
Crypto Trader takes a break before bull run at Bitcoin Beach.
#morningmotivation #BullRun #BTC #analyst #tradingidea
#morningmotivation #BullRun #BTC #analyst #tradingidea
