💰 #BTC/USD Update We have an invalidation for the bullish | kizoki _Yz on Binance Square

Trending Articles

Bookmarked and Liked

--・17.7k views

💰 #BTC/USD Update 
We have an invalidation for the bullish setup as BTC crossing below the Daily Demand Zone❌
Not shorting either! Want to see how candle closes🧐
$BTC 
#VanEck_SOL_ETFS #IntroToCopytrading #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #SOFR_Spike 

0 people tipped the creator.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

0

Replies 1

Explore the lastest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@YASSER_ZOUANE

Explore More From Creator

The image illustrates the cost of producing Bitcoin after the split for each major mining company. It’s noted that current Bitcoin prices are very close to the average production cost, which implies the following: 1. Mining profitability: When Bitcoin prices approach production costs, profit margins for mining companies decrease. Some may operate at a loss if prices drop further. 2. Price stability: Bitcoin prices may find support around production cost levels, as prices falling below this may drive some miners out of the market, reducing supply and potentially stabilizing prices. 3. Long-term impact: Over the long term, sustained prices near or below production costs could reduce investment in new mining equipment and slow network growth. 4. Supply-demand balance: If the number of miners declines, the supply of new Bitcoins in the market may decrease, potentially putting upward pressure on prices if demand remains steady or increases. Overall, this situation could lead to fluctuations in the Bitcoin market and make investment and mining decisions more challenging. $BTC #SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions

--

🤔 In a surprising move, the German government, known for its recent extensive Bitcoin sales, has repurchased a substantial amount of Bitcoin valued at $111.5 million, equivalent to 1,915 Bitcoins. Playing it smart. $BTC #SOFR_Spike #BinanceTurns7 #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments

--

🟠 Bitcoin Trend Analysis: ▫️ Targeting $60,000 •Correction towards the $60,000 level: • Bitcoin may aim for $60,000 to clear out open short positions, potentially reinforcing short-term downward movement. • This period is risky and volatile, with each dip seen as a buying opportunity in alternative coins to bolster positions. ▫️Accumulation and Decline Range •Declining range for Bitcoin between $60,000 and $50,000: • This range could serve as a strong accumulation zone for Bitcoin, expected to be utilized by investors to build new positions. • Alongside Bitcoin’s accumulation, there’s also a consolidation range for altcoins, potentially enhancing growth opportunities in the future. ▫️Upcoming Months Outlook • July and August: • July and August are expected to be negative for the short term, with market volatility and corrections anticipated. • This period could present buying opportunities before the expected recovery. • Recovery starting in September: • Market recovery is anticipated to begin in September, possibly leading to improvements in Bitcoin and altcoin prices. • US elections may provide additional impetus for Bitcoin’s upward movement. ▫️Impactful External Factors • Germany’s sale and Mt. Gox distribution: • Large sales by the German government and Bitcoin distributions from Mt. Gox have contributed to current selling pressure. • Mining sell-offs continue due to high mining costs, increasing market supply. ▫️ Conclusion • The current period is characterized by volatility and selling pressure, but each downturn represents an opportunity to buy altcoins and strengthen positions. • The $60,000 to $50,000 range could serve as a robust accumulation area for Bitcoin. • Outlook suggests a market recovery starting from September, potentially supported by US elections. • Caution is advised in monitoring the market and leveraging downturns to build strong positions in anticipation of expected upward movement. $BTC #SOFR_Spike #BinanceTurns7 $BTC

--

Opera has expanded support for stablecoins in its Minipay digital wallet by adding USDC and USDT. This move aims to enhance the use of stablecoins in digital payments and facilitate financial transactions for users. Minipay is an integrated wallet within the Opera browser, making it easy for users to manage their digital funds while browsing the internet. $BTC $ETH $BNB #SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions

--

The chart titled “BTC: Retail Investor (Volume $0 to $10K by USD) Demand 30D Change” from CryptoQuant shows three key data series: 1. BTC Price (USD) - Black Line: Represents the price of Bitcoin (BTC) in USD over time. 2. Total Transfer Volume $0 to $10K by USD (30DMA) - Grey Line: Represents the 30-day moving average of total transfer volume in the $0 to $10K range by USD. 3. Retail Investor Demand 30D Change [%] - Green and Red Lines: Represents the 30-day percentage change in retail investor demand. Green indicates positive changes, while red indicates negative changes. ▫️ Key Observations: 1. Price Trends: • The BTC price shows significant volatility, peaking around the end of 2021 and mid-2023. • Major price declines correspond with significant changes in retail investor demand. 2. Retail Investor Demand: • Positive demand changes (green) often precede or coincide with price increases. • Negative demand changes (red) frequently precede or coincide with price declines. • Significant positive spikes in retail demand are visible before major price surges in 2020 and 2021. • Retail demand shows notable drops during major corrections, like the one in early 2022 and late 2023. 3. Correlation between Price and Demand: • There is a noticeable correlation between retail investor demand and BTC price movements. • High retail investor demand typically aligns with upward price momentum. • Low or negative retail investor demand aligns with price corrections or bear markets. Current Context (as of the latest data point): • Retail investor demand is currently in a negative trend (red). • BTC price appears to have peaked recently and shows signs of a potential downtrend. • Historical patterns suggest that sustained negative retail demand could lead to further price declines. Conclusion: Monitoring these demand changes can provide insights into potential price directions. Currently, the negative demand trend suggests caution, as it might precede further price decreases. #BinanceTurns7 #SOFR_Spike $BTC

--

Latest News

BounceBit Announces Launch Of Superfast On-Chain Brokerage Service

--

BNB Chain Introduces MindPress, A Data Trading Platform

--

Ethereum's Ether.fi Community Approves Deployment of ETHFI Staking Contract

--

Uniswap's Front-End Transaction Fees Reach $47.25 Million

--

R/DataDAO Announces Official Discontinuation of Token Minting and Abandons Contract Ownership

--

Trending Articles

Smart Money Strategy Basics

Ethereum Gains 3% After a Significant Dip, What Should Investors Expect?

This is James Howells, and he discarded a hard drive with 8,000 $BTC

XRP Lawsuit: SEC Sticks to $2 Billion Fine on Ripple As Pressure on XRP Soars — Is This Your Buy ...

Mt. Gox Begins Repayment to Creditors Distributing Bitcoin and Bitcoin Cash

Cookie Preferences

ba-one-trust-cookie