Happy Monday!Let's dive into the world of #Bitcoin, which recently saw a promising push to $48,500 over the weekend before slightly retracting to around $48,000. This subtle pause doesn't dampen the spirit; it's a moment of anticipation as investors eye the $50,000 threshold closely, with a keen watch on the upcoming #CPI data release this month. Bitcoin's resilience in the $48,000 to $50,000 range as a positive sign, suggesting a potential climb to $53,000 to $57,000 ahead of the #halving event
In our latest market analysis, we've identified a compelling trend that aligns Bitcoin's (#BTC ) performance with the Chinese New Year celebrations. Historically, #Bitcoin demonstrates an average rally of +11% around this period, a pattern that has held true for the past nine years. This consistent behavior offers a strategic trading window for buyers. Bitcoin surged past the $46k mark, decisively overcoming the significant resistance level at $44,000. This movement marks the end of a corrective
#Crypto is back in the green, rewarding everyone who has been consistently investing over the past weeks. #Bitcoin has just soared above $45,400, reaching its highest level since the introduction of those shiny new spot ETFs last month. There are indications of a potential rise to $50,000, though we can't ignore the possibility of retracements back to the $43,000 level before we take off again. Turning our attention to #Ethereum, it's experiencing a surge, surpassing $2,400! The reason? A signif
Bitcoin is making a noteworthy comeback!The digital currency is eyeing the $45,000 mark as a renewed buying power is evident in the market. #Bitcoin's supply on exchanges has been declining since the approval of the #ETFs. This decrease in supply often signals a drop in selling pressure, hinting at a potential price recovery.Now, here's something interesting - the stablecoin supply, especially #Tether (USDT), is on the rise on exchanges. This is a positive sign, suggesting that there's more buyi
Read the whitepaper: The whitepaper is a technical document that explains the coin's purpose, specifications, and features. It also outlines the technology that powers the coin. It is the first thing you should look at when researching a crypto coin.
2. Check the team behind the coin: Find out who is behind the project, their experience, and their reputation. You can check their social media profiles, LinkedIn, and other online sources to learn more about them.
Report: Atomic Wallet Hack May Be Connected to North Korean Hacking Group: A recent cyberattack on Atomic Wallet, a popular cryptocurrency wallet service, resulted in the theft of $35 million worth of digital assets from its users.
Here are 5 open source indicators you have to try.
The #indicators in this list are free for everyone and coded by traders with different skills, goals, and #trading techniques. Add these to your chart by clicking the links below 👇
1. Seasonality Stats by tradeforopp
"This Seasonality indicator is meant to provide insight into an asset's average performance over specified periods of time including Daily, Monthly, and Quarterly."
Get it here: https://www.tradingview.com/script/wiXmhDwT-Seasonality-TFO/
☀️🚀 I hope you're all doing well today! With Monday just around the corner, I wanted to take a moment to remind you all to stay focused and motivated as we head into another week of trading.
💼 As traders, it's important to always be prepared for what lies ahead. Take some time today to reflect on your goals and strategies for the upcoming week. This can help you stay on track and make the most of your trades.
🏄♂️ Remember, trading can be unpredictable and there will always be ups and down
#Biden and #McCarthy are going to meet again about increasing the #US debt limit. Although no decision was reached in the previous meeting, the debt limit of America will probably be increased in this meeting. This will save #America from #bankruptcy. It can be assumed that the US debt limit is going to increase. Do you think the US debt limit increase will affect the #crypto market? Will #Bitcoin get stronger, or weaker with this debt limit increase? You can also justify your opinion. Thanks in advance
The -14.6% move downwards from the local top of $30.9K, to our current spot price of $26.4K has propelled 2.71M #BTC into an underwater position, equivalent to 14% of the circulating supply.
This raises the total supply in loss across the aforementioned period from 3.96M to 6.67M BTC, a 68.4% increase.
BTC remains above our $26,200 mid term key support level, from where the bulls have started to see a decent lower time frame reaction. As long as price action remains above this key level, we're very likely seeing a move towards $27,750 before wither a higher break towards $29,000 or a rejection and a move towards $26,000 again.
Alts will follow BTC's price action, meaning we'll be waiting for