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Kriptoloji
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Hello everyone ๏ฟฝ The transition phase in the market is very boring and frustrating. After the daily close, we saw some recovery both in #Bitcoin and the #altcoins market in general - $BTC The $67,000 level is a significant resistance, and for the rally to begin, this resistance needs to be breached. If the $67,000 resistance is broken, as mentioned in yesterday's analysis, we will understand that this movement is a deviation. - #BTC Additionally, the resistance point of the descending trend channel also points to $67,000. Therefore, breaking this resistance would be extremely positive. Let's closely monitor this trend, as a trend break could present good opportunities.
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$BTC #altcoins investor live ๐ถ
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#BTC Analysis: Evaluating the Situation After Losing the Support Channel Price Movements and Technical Data $BTC has dropped to $65,000 after losing its short-term support channel. However, current technical and fundamental data show positive signs despite the decline. 1. Spot CVD (Coinbase Purchases) - Purchases continue on the Coinbase platform. - Despite the price decline, continued buying on Coinbase is a positive indicator. $NOT 2. Whale Buying and Selling - CVD data indicates that current sales are coming from small investors. - Whales are maintaining their Bitcoin holdings and not selling, reflecting confidence among major players in the market. 3. Potential Deviation - Significant liquidity accumulates below important support levels. - The price may dip below support to clear out this liquidity and then quickly recover, a movement known as deviation. - Continued buying on Coinbase and no selling from whales increase the likelihood of this being a deviation. Is It the Right Time to Buy? - Reclaiming the $67,000 resistance level would confirm the deviation movement. - If Bitcoin rises above $67,000, it would be prudent to buy in anticipation of the beginning of an upward trend. Summary - Purchases on Coinbase and the absence of whale selling are positive signs. - It would be wise to wait for the $67,000 resistance level to be reclaimed before buying. - Currently, waiting for the $67,000 level to break is the best strategy. #altcoins $ZK
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$BTC Good morning, everyone. #BTC has dropped to our strong support level. I will update the chart this evening. Hopefully, this is the last dip before the next significant move. #Altcoins have been hit hard. Looking at the USDT Dominance chart, there hasn't been a significant drop indicating a large sell-off. From this, we can easily infer that the trading volumes of altcoins are quite low. #BinanceTournament $NOT
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$BTC 64,300$ is a very strong support level. ๐ They can't push Bitcoin down any further ๐ I understand your pessimism, but be patient, a nice wave of growth is waiting for us. ๐ Unfortunately, they continue to crush altcoins with these kinds of delays ALTSEASON LOADING... Trust the process. Every Bull Run in Crypto ended with - #BTC Dominance dropping to the downside. That's the time #altcoins went parabolic. Up till now, this Bull Run was mainly just BTC outperforming the general Altcoin market The best part of the Bull Run hasn't even started yet This couldn't be further from the truth The price action of the past few months has even made some investors believe that the cycle top might be in Right now it seems like many are doubting that this epic move will actually happen.. The same will happen once again in 2024. THIS WILL SOON CHANGE! Once BTC Dominance drops to the downside in the coming months is the time when pretty much everything will pump. Sentiment for Altcoins is extremely low right now, yet Altcoins are at strategic buy zones. Buy now when the majority is sceptical of Altcoins. And sell when everyone is euphoric at the end of the cycle! Patience is all that's needed now. We got this! ๐ฅ
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