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

BITCOIN DAILY TREND ANALYSIS

As $BTC keeps falling systematically, the local minimum is currently at roughly 64K.

Considering all of the broken levels, roughly $62K, will be the next target for the decline, followed by the crucial support zone within $60K.

There are no requirements for a reversal. To do this, the price will need to break above $67K and gain a foothold there. Up until then, continuing decline is the top priority.
#bitcoin #altcoins #ETHETFsApproved #BlackRock

BTC DAILY TREND ANALYSIS

Nothing miraculous occurred. Indeed, an attempt to surpass $67K was made, but it was unsuccessful. $BTC is continuously falling after fully consolidating under the Ichimoku Cloud's support.
As previously indicated, a continuation of the decline to the significant support zone within $60K is the most likely scenario. to increase holdings in a significant player and to make a more successful $ETH entrance prior to the release of an ETF.

Maybe this downturn we're in is the last phase of surrender. After all, there have already been three comprehensive tests of the sideways' top barrier, and there will be four more breakthrough tests. After that, we'll seize all available liquidity and witness truly bullish expansion at the short position stops.

As a result, the current scenario is likely $60K testing, maybe with a false breakthrough. After that, there was a recovery to $72K, and at last, the sideways trend's upper boundary was broken, allowing for further development to $80K and beyond.
#BinanceTournament #BTC #altcoins

Meme Trend: $WIF Is Expected to Rise by 50%

$WIF five-wave decline is now over. This hypothesis states that the recent developments point to a potential ABC correction, which is usually marked by an upward recovery followed by a collapse. Bullish divergences that are shown in different time frames—that is, the four-hour, eight-hour, and twelve-hour charts—support this viewpoint.

A possible price recovery for $WIF , with an estimated increase of $3–$3.50. This spike, which is responsible for a roughly 50% bounce
In conclusion , although the long-term view for $WIF is still negative, with a decrease to $1 predicted, the short-term signs point to a strong rebound to the $3–$3.50 region. I’m urging all traders and investors use caution when leveraging.

Thanks for reading ❤️

BTC DAILY TREND UPDATE

The weekly close of $67K, the breach of the support zone, and the formation of a downward pattern all point to the possibilities for a subsequent down to $60K inside the medium-term flat pattern.

Right now, there are no clear requirements for expansion. Before launching the ETF, funds must boost their positions in $ETH since there are withdrawals from spot $BTC - ETFs.
Everything seems to point to another decline in the direction of the psychological $60K mark. We'll discuss her position at a later time today.

In summary, I anticipate that the price decline will persist unless a miracle occurs and the price rises above $67K.

#ETHETFsApproved #BTC #BlackRock #BinanceTournament

I've joined $UXLINK to explore new horizons and go beyond typical projects, while upholding high-quality standards! @UXLINKofficial

Leading the Web3 SocialFi space, #uxlink has surpassed 10 million users, establishing new industry benchmarks.

With a vibrant community of 1.6M NFT holders, UXLINK is robust and active.
The $UXLINK token is distinguished by its essential use cases and consumption scenarios. #CryptoDawar #UXLINK #ETHETFsApproved

BITCOIN DAILY TREND ANALYSIS 🧐

The weekend is uneventful, but $BTC is below $67K and directly beneath the shattered support zone. We behaved in precisely the same manner for a few days last weekend, and as the new week got underway, we kept losing money.

Considering that significant supports have been breached and a reversal pattern has developed, I believe that a continuation of the decline towards $60K next week is the best case scenario. You should, at the very least, be ready for this.

Generally speaking, the decrease is now pretty tolerable. After all, spot ETH-ETFs may debut as early as July 2, according to Bloomberg analysts, which means a significant participant has just two weeks remaining to boost its stakes in $ETH.
#BinanceTournament #altcoins #BTC #BlackRock

BTC Daily Trend Update

Globally speaking, $BTC has been actively collecting value over the past three months inside a sizable re-accumulation range.

During this time, the entire balance on exchanges dropped by 170,000 $BTC , or almost $12 billion, and this trend has been accelerating recently. The main idea could be that $BTC is still stuck in a relatively limited flat trend, ranging from about $67K to about $72K.

Prospects for a breakthrough and continuation of global expansion are favourable for a squeeze to the upper limit of the global accumulation range.It's hard to predict when the breakthrough will happen.

However, the primary growth prediction is likely to decline in the fall, coinciding with US elections. Up till now, there might be fictitious breakouts or the accumulation continuing down to $60K.
#BinanceTournament #bitcoin #BTC #BTCFOMCWatch

Meme Trend: BOME Shows Off Impressive Gains Despite the Crypto Market Downturn

One noteworthy project that has surfaced during the Solana meme coin rise is BOME. It acquired significant traction immediately after being delivered in return for money submitted to a designated address. BOME has distinguished itself with its distinct strategy, which has resulted in unforeseen swift expansion and several new billionaires among its first investors.

At the moment, $BOME is doing better than the entire crypto market. Within 24 hours , its price has increased by 13.93% to $0.010889. This is taking place in spite of a generally gloomy market forecast.
With a 24-hour trading volume over $244.7 million, $BOME 's market value has surged to $716 million, putting it in the neighbourhood of the top 100 cryptocurrencies.

In conclusion, despite larger market issues, $BOME 's distinct surge highlights the potential within the meme coin niche. But given the volatility and risks that come with investing in these assets, investors should proceed with caution, as evidenced by the swings in less well-known coins and well-known tokens like #doge⚡ and #shiba⚡
#TopCoinsJune2024 #BTCFOMCWatch

Breaking News 💥: UXLINK Community NFT Ownership Addresses Exceed #Notcoin👀🔥

Key Insight
◦ The quantity of UXLINK on-chain NFT exceeds that of Notcoin.
◦ On UXLINK, there are currently 4.7 million asset-holding addresses.

With more than 1.5 million holders overall, the first season of UXLINK's #NFTs has concluded its snapshot. A third-party analysis indicates that the quantity of UXLINK on-chain NFT ($UXLINK token airdrop voucher) holders is similar to the number of unique $NOT token holding addresses at present, significantly surpassing NOTCOIN's previous figure of 220,000 unique addresses.

Moreover, #UXLINK boasts hundreds of thousands of daily active users on-chain, peaking at over a million daily, significantly exceeding NOTCOIN's daily active users.
It also revealed to me, upon reading Dune's data analysis, that there are now 4.7 million asset-holding addresses on UXLINK. These individuals are UXLINK asset holders either now or in the future because they have invited friends, finished tasks, and possess UXUY points. Brothers, what's the degree of user base here? You only need to consider it to understand the enormity of this undertaking.

To be honest, UXLINK might break the record for this year's biggest airdrop and TGE participation. I guess we should ask Guinness World Records to confirm this. Let us observe and see 🫢.

#BinanceTournament #BTCFOMCWatch #CPIAlert #ETHETFsApproved

Bitcoin Trend: Bitcoin is battling to break through resistance ! Why ?

$BTC is having difficulties. For various reasons, $BTC is having trouble surpassing the $70,000 mark. One of the primary reasons is the severe lack of buying power. Prior to this, large capital inflows caused the price of $BTC to hit all-time highs.

The situation of the market indicates that less and fewer new buyers are willing to make these substantial investments. It's getting harder for $BTC to break through the psychological $70k barrier due to a lack of buying demand.#BTCFOMCWatch #CPIAlert #ETHETFsApproved #TopCoinsJune2024 #bitcoin

An other crucial element is the alteration in institutional conduct. Despite being essential to $BTC previous rallies, institutions are now withdrawing their capital from Bitcoin ETFs. People seeking higher returns in other asset classes or fresh advancements in the bitcoin space are partly to blame for this shift.

#UXLINK is outperforming #NOTCOIN ! 🔥

A Reputable Project With Long-Term Value Take note: Over 10 million users have registered with UXLINK!

Key Point
◦ Recognize what a UXLINK registered user is
◦ What is the UXLINK Authenticity?

We must first comprehend what a registered user is in order to fully appreciate why having 10 million users is such an amazing achievement. #UXLINK takes a different approach than classic web3 projects, which usually count each individual wallet address as a user.
Since most individuals actually utilise numerous wallets, those who do so in order to make quick gains have the potential to distort user data and complicate reward distributions. Furthermore, project teams may have to work harder as a result of false addresses.
In order to efficiently screen out bogus accounts, #UXLINK defines a registered user as someone who completes three easy steps to validate their identity. This indicates that your involvement and interactions are valued and acknowledged as a legitimate user of #UXLINK. You make real connections with people when you participate in the project and interact with the community.

Authenticity of #UXLINK ?
◦ To give investors a sense of confidence.
◦ Obtaining high-caliber investment.
◦ Provides a positive vision for UXLINK's future to its users.
Going forward, #UXLINK will provide us with distinctive experiences and services.

https://dapp.uxlink.io

Bitcoin Daily Trend Analysis 🧐

We are testing a critical area of assistance. The price fell to $66K in an attempt to break through, but there was no discernible consolidation below $67K.
The $BTC chart shows the formation of a "double top," but it won't be complete until the price breaks through to the pattern's bottom. There's still a chance that the price would fluctuate sideways between $72K and $67K till then.
The US Federal Reserve meeting today could impact the market. Additionally, the SEC is being urged to lower interest rates by a group of US senators. The reality is that the economy is in danger and may enter a recession as a result of the Fed's current policies. Consequently, there is no possibility of a decline.
#ETHETFsApproved #IOprediction #Binance200M #TopCoinsJune2024 #bitcoin

Bitcoin Trend Update : Bitcoin Plunges to a Week-Wide Low

A few hours ago, traders' trepidation ahead of US inflation statistics and the Federal Reserve's monetary policy decision caused $BTC to tremble.
Before changing hands at $68,200, the biggest digital asset fell as much as 2.5% ($67,899) to a one-week low.
With the help of inflows into specialised US exchange-traded funds, $BTC reached a record high of $73,847.8 in March, but it has since struggled to reach new heights.
#IOprediction #altcoins #bitcoin #Binance200M