🟠 $1.6 Billion worth of #Bitcoin shorts will be liquidated | TopCryptoNews on Binance Square

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🟠 $1.6 Billion worth of #Bitcoin shorts will be liquidated at $70,000 👀
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⭐️ XRP's Huge Breakout The $0.625 price mark coincides with the 50% Fibonacci retracement point from the 2017 peak. Remember that the 50% Fibonacci retracement point is by far the most important price point to watch after any top in any market, not just XRP. One important indicator to watch is whether the breakout, regardless of when exactly it occurs, is accompanied by an increase in trading volume. #XRP #Ripple

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🔥 DOT’s Push Above $5 Falters Once Again: Market Sentiment Turns Cautious as Price Falls Polkadot struggles to break $5 resistance as sellers regain control.DOT shows bullish signs but faces strong resistance at key levels.Investors remain cautious as the battle between bulls and bears continues. Polkadot (#DOT ) bulls faced a harsh reality this week as their push toward the $5 mark hit a wall. Sellers yanked the price down once again, as buying momentum evaporated. After testing the $5 level multiple times, DOT failed to hold its ground, leaving traders with uncertainty. Currently, DOT is down by nearly 2%, trading around $4.80, with the bears firmly in control. The failure to break through $5 has created a sense of hesitation among investors. Yesterday, DOT showed promising signs of recovery, rallying above $5, key resistance level, as the post below suggests. 🔸 Bulls Lose Steam, Bears Take Over Earlier in the week, Polkadot surged above its 50-day SMA, signaling a potential breakout. A 3.48% increase on Monday had traders excited, with the price rising to $4.46. The momentum carried forward into Tuesday, as DOT broke past $4.50, reaching $4.64, a gain of 4.04%. Volatility increased midweek as the bears attempted to push DOT below the $4.50 level. Despite the struggle, buyers managed to hold the line at $4.64. By Thursday, bulls were back in charge, driving the price up by 3.66%, bringing DOT to $4.81. Hopes were high as market watchers anticipated a move above the critical $5 level on Friday. Polkadot came close, reaching a day high of $4.96, but the rally fizzled. Sellers took the upper hand, and DOT closed at $4.89. 🔸 Can #Polkadot Break Free from Bearish Grip? Despite the setback, DOT’s technical indicators are flashing some promising signals. Its price chart shows a potential breakout from a falling wedge pattern, a classic bullish reversal signal. Moreover, DOT’s Relative Strength Index (RSI) is showing a bullish divergence, with prices hitting lower lows while the RSI makes higher lows.

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📊 Bitcoin Holds Above $65,000 Due To Trader Hesitation 🔸 BTC price long term forecast: bullish Today, the bulls broke through the $65,000 mark and reached a high of $66,158. Nonetheless, Bitcoin is capable of rising if the bulls can hold the $65,000 support. If the positive momentum continues, #Bitcoin could reach the psychological mark of $70,000 again. The largest cryptocurrency has the potential to rise even higher and reach $73,000. However, the bullish momentum is expected to encounter significant selling pressure near the psychological price level. Conversely, Bitcoin threatens to fall below the $65,000 support level if the current upward momentum is pushed back. The largest cryptocurrency would then fall to a psychological low of $60,000. 🔸 BTC indicator reading BTC price remain above the moving average lines as the positive momentum continues. Currently, the bullish momentum is hitting resistance above $66,000. The price of the cryptocurrency is sliding towards the 21-day SMA at the 4-day SMA. Bitcoin's uptrend will continue if it retraces and finds support above the moving average lines. Selling pressure will return if the price falls below the moving average lines. 🔸 What is the next direction for BTC/USD? Bitcoin is rising on the 4-hour chart. Currently, the bullish momentum has stalled above the $66,000 high. Bitcoin price is trading above the moving average lines but below the $66,000 resistance level. Doji candlesticks are forming, signaling traders' hesitation on the direction. #BTC

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🦄 UNI Surges 30% Amid Ongoing On-Chain Development Talks Uniswap’s UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone. With the market’s renewed bullishness, UNI might be on the road for some gains in the short term. Uniswap recently announced a development that may enhance user experience in using the platform altogether. Investors are excited as the platform continues to find innovative ways to improve user engagement. 🔸 Gas Abstraction: A Leap For Uniswap UX? Across Protocol’s Chief Technology Officer, Matt Rice, and Uniswap’s Staff Software Engineer, Mark Toda recently discussed about the ERC-7702 which, if passed, would introduce a new transaction type known as externally owned accounts (EOAs). In general, ERC-7702 will implement gas abstraction, a feature that would both improve user experience and save users a ton of money in the process. 💬 ERC-7702 Uniswap’s next big leap MarkToda from #uniswap talks with mrice32 about how gas abstraction could simplify DeFi for millions. Is this the user experience revolution we’ve been waiting for? — Across As of writing, ERC-7702 is still in its draft stage which means the new on-chain goodies featured between Toda and Rice are still subject to revision. Nonetheless, it presents a good future for the UNI community. 🔸 Investors Should Watch These Levels As of writing, UNI has continued to make ground against the bears in the medium term which places the token at the gates of the $7.518 resistance level. This crucial resistance level might continue to resist in the coming days as the market hits its peak after days of continued bullish movement. With this in mind, investors should monitor the token’s movement in the coming hours and days as this may determine the trajectory of the token. If UNI breaks through this crucial resistance level, it opens the door toward $9.012 in the medium term.

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⭐️ Dogecoin Founder Reacts to Ethereum (ETH) Price Prediction Dogecoin co-founder Billy Markus, who goes by the name Shibetoshi Nakamoto on X, recently reacted to a take on Ethereum price. As one of the most prominent figures in the meme coin space, Markus often engages with the broader crypto community, offering his witty takes on general issues as well as market trends. His latest tweet taps into the ongoing debate over whether Ethereum can sustain its upward momentum or if the current rally will lose steam. A screenshot shared by Markus asked the question of when Ethereum will hit an all-time high. The Dogecoin co-founder acknowledged Ethereum being up 8% in September, a month considered bearish for cryptocurrencies in general. 💬 ethereum is up 8% this month… y’all think it’ll moon before the end of the year? most people think no apparently 🤣 — Shibetoshi Nakamoto "Y’all think it’ll moon before the end of the year?" the Dogecoin founder asked his followers regarding the ETH price, to which answered, "Most people think no apparently," suggesting skepticism in the crypto community on whether Ethereum (ETH) might experience a major rally, or "moon" before the end of the year. As usual, the Dogecoin founder is known for his non-serious takes on the crypto market, the Dogecoin cryptocurrency itself was initially created as a joke. The Dogecoin founder's comment might be that of humor given the laughter emoji at the end of his tweet, yet nobody knows. 🔸 Ethereum up 8% in September Ethereum's 8% rise this month is part of a broader trend of recovery in the cryptocurrency market. Bitcoin, the first and largest cryptocurrency by market cap, is on track for one of its best September increases as a global wave of interest-rate cuts, led by the U.S. Federal Reserve, aids the largest digital asset in overcoming a seasonal jinx. In September, the Federal Reserve, the European Central Bank and the People's Bank of China all slashed borrowing costs to stimulate economic development. #DOGE

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