$BTC UPDATE The price of $BTC fell below the $60,400 bar | Whale Trader on Binance Square

Trending Articles

Bookmarked and Liked

--・3.9k views

$BTC  UPDATE 
The price of $BTC  fell below the $60,400 barrier. We should anticipate more price reductions if it doesn't rise by the end of the day. At $53,400, the next major support
#BTC‬ #fomc #BinanceLaunchpool #BullorBear 

0 people tipped the creator.

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

0

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

@IamBibobraAnalysist

Explore More From Creator

Bitcoin Decline : All odds point to a decline to $60k. We can see from our chart that I divided it into three pathways, and we are currently in the process of seeing the third one unfold. If the bulls were to aim for a new all-time high any time soon, they would need to keep support near the $67k zone. Regretfully, last week's price break below the $67k zone confirmed my fears, as Bitcoin's drop persisted even after a two-day retest. As of this writing, is trading at roughly $62.5k, and the likelihood of a decline to $60k is favourable.$BTC #BinanceTournament #Megadrop #CryptoTradingGuide #CertiKvsKraken #LayerZero

--

Bitcoin: A Battle Between Bulls and Bears A bright future for $BTC is painted by the rise in spot Bitcoin ETFs and the entry of institutional behemoths like MicroStrategy.The voyage of Bitcoin is expected to be fascinating to follow, especially with a possible price target of $85,000 in the near future. MicroStrategy Increases Its Holdings in Bitcoin: The business spearheading the corporate push into Bitcoin, MicroStrategy, has strengthened its position even further. The company revealed that it has acquired an extra 11,931 $BTC , increasing its total holdings to an incredible 226,331 Bitcoin. This aggressive accumulation approach demonstrates MicroStrategy's steadfast faith in the future potential of Bitcoin. Australia Acknowledges Bitcoin ETFs, Continuing the Worldwide Trend: Australia's stock exchange, ASX, has listed its first exchange-traded fund (ETF) for Bitcoin, following the global trend. By investing in the U.S. Bitcoin Trust of the corporation, investors can gain exposure to Bitcoin through the VanEck Bitcoin ETF (VBTC). This trend shows that there is increasing demand in Australia for simple access to Bitcoin investments. The Price of Bitcoin: A Battle Between Bulls and Bears The price of bitcoin has been fluctuating a lot lately, declining during the last two weeks. $BTC might have peaked between $64,400 and $65,700 . I believe that there may be a bullish reversal and that $BTC will rise back above $66,000. Technical Indicators Provide Mixed Signals: The daily chart of $BTC price movement reveals the formation of higher lows, which could indicate support. For proponents of $BTC , the 200-day exponential moving average (EMA) at $64,300 acts as a critical support level. According to IntoTheBlock's In/Out of the Money Around Price (IOMAP) statistics, there is significant purchasing pressure in the $64,018–$65,975 range. #BNBHODLer #Megadrop #CertiKvsKraken #LayerZero

--

AI Coins Generating 20X Revenue Right Now While the majority of digital assets have experienced substantial decreases and the global crypto market remains stagnant, AI-based cryptocurrencies have shown to be an exceptional exception; these AI altcoins have not only resisted the present market trends but have also shown extraordinary resilience and return. Fetch.ai (FET): Adaptability and Creativity Even if the market as a whole has declined, Fetch.ai ( $FET ) has demonstrated remarkable performance. $FET is now trading at $1.62, up 28.15% from the previous day and 4.85% from the previous week. This is in contrast to several other cryptocurrencies that have seen their value decline. Turbo ( $TURBO ): A Consistent Ascent Another AI cryptocurrency that has proven very resilient is $TURBO . With a price of $0.004999 right now, the token has gained 25.62% in the last day and 0.77% in the last week, making it one of the few alternative coins that is trending upward. Its market capitalization surged to $318.3 million in the last day, with $114.9 million in trading activity. SingularityNET (AGIX): Forward-thinking and Collaborative With a platform that attracts a lot of attention, SingularityNET ( $AGIX ) continues to be a focus point. The AI altcoin is currently trading at $0.6579 after surging in value by 24.71% over the previous day. Ocean Protocol ($OCEAN ): Encouraging Information Our list of the top-performing AI coins is completed by Ocean Protocol ( $OCEAN ). OCEAN, which is currently trading at $0.664, has increased by 23.58% during the past day despite falling by 5.29% over the prior week. With $74 million in trading volume during the previous day, the token's market capitalization has surged to $377.4 million. #BNBHODLer #BinanceTournament #altcoins

--

BTC DAILY TREND ANALYSIS There have been no alterations to the chart; Bitcoin has halted around roughly $65K and is below broken supports. With the intention of retesting $66k - $67K, I permit a local rebound; nonetheless, it is more likely that a decline towards $63k - $60K will ensue. June passes like it always does—"no way," no significant movements, and don't plan on it. According to $BTC , the June 2024 figures are consistent with the average and median values between 2013 and 2023. On the other hand, there is also no discussion on altcoins' expansion. It's too early to begin the altseason because $BTC dominance is still above 50%. #BNBHODLer #BinanceTournament #BTCFOMCWatch #BTC

--

Will Altcoin Season Start in June 2024? While many anticipate altcoin season to take place soon, the possibility seems low. Bitcoin Dominance Is Rising Again? The dominance of $BTC reaches 54.54%. This dominance has increased by 1.41% over the past several days, raising the possibility of altcoins being popular and the market recognising an altcoin season. Indeed, altcoin season usually occurs when 75% of the top 50 coins perform better than Bitcoin over the last 90 days. This figure currently stands at 27%, which is far below the threshold for a confirmed altcoin season. Thus, the chances of an altcoin season in June are pretty low, so it could instead extend to July . #BNBHODLer #altcoins #ETHETFsApproved

--

Latest News

Ethereum Assets Bridged To Arbitrum Account For 46% Of Total

--

Binance Market Update (2024-07-13)

--

Story Protocol Announces First Batch Of Public Testnet Projects

--

10x Research: Bitcoin’s Short-Lived Rally and Market Conditions

--

Catizen Game Now Supports Japanese And Traditional Chinese

--

Trending Articles

Bitcoin Dominance Drops: Is Altcoin Season Approaching?

Bitcoin price struggles as investors expect Fed interest rate cuts — Why?

Germany Almost Done Selling Bitcoin, Holding Less Than 5K Tokens After Latest Moves

Another Crypto Victory: SEC Finally Drops Paxos Investigation

Coinbase Germany head on the real reason the country dumped $2.3bn in Bitcoin

Cookie Preferences

ba-one-trust-cookie