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But whatâs so special about it? Some time ago the price has formed a Death Cross pattern, just as it happened back in September 2024.
Now we can perfectly see what happened a few months after that â massive growth. Feels like a fake sell-off to make weak hands sell their crypto to whales.
The same is happening now. All weak hands âdisappointedâ in crypto. The path upward is clear
*đȘBTC UPDATE*Bitcoin approaching the buy zone again I am still locally bullish on BTC and SOL with ETH. To change the mood Bitcoin needs to break through the Bull Flag support.
In the Past 36 hours , 203,924 Traders Were Liquidated , as many stopđloss were hit đŻ , the Total Liquidations is Almost 800 million$$đšđš
but the market is gradually recovering but till open your position with absolute precautions or better still don't push out position for the next couple of hours to see the certainty of the trend đ.
*The third largest Bitcoin transaction in the last two weeks ($15,411.92 BTC)* occurred 13 hours ago. However, it was tiny compared to a pair of large transactions that occurred on March 22 (87,051.03 BTC and 78,317.03 BTC) as the asset price dropped to $63,000. On-chain transaction volume surged that day, suggesting that key purchases made by shareholders during the decline fueled the recovery.
While it can be difficult to determine the nature of the wallets from which Bitcoin was withdrawn and deposited, these transactions appear to coincide with larger accumulations in wallets that have occurred since last weekend.
đŻAlso keep an eye on the average dollar invested indicator, highlighted in pink. As it continues to move down, this line indicates that the average age of investments is getting younger as stagnant wallets continue to bring old coins back into circulation. This has been one of the main ingredients of the cryptocurrency bull market for over 15 years #Crptogems01 #btc
Solana is compressing the resistance of $210, the breakout is a matter of time. However, the time determines how the price will act after the breakout.
If it breaks upwards in the closest future, we can expect the instant continuation of the pump.
The more time it takes for breakout, the longer will be consolidation above the level before continuation.
The best option to buy is on breakout and then some during consolidation above. #sol #cryptonews
*Bitcoin is Near Historical Trend Line* â đđ
There are three charts on this image: 1M, 3D and 1D so you can see the situation from different angles.
1 Month: There were two touches of this line, and the third attempt broke it downwards back in 2022
3 Day: The price has already tested this resistance two times from bottom upwards and now is the third attempt
1 Day: Currently we can see how the price is compressing the level but can't break it upwards
Don't want to sound like a bear and all, but current PA doesn't seems very bulish for Bitcoin. More likely there will be a small pullback to gain strength and breakout of this level on come back! #BTC #TrendingTopic #Write2Eam
*Bitcoin is Near Historical Trend Line* â đđ
There are three charts on this image: 1M, 3D and 1D so you can see the situation from different angles.
1 Month: There were two touches of this line, and the third attempt broke it downwards back in 2022
3 Day: The price has already tested this resistance two times from bottom upwards and now is the third attempt
1 Day: Currently we can see how the price is compressing the level but can't break it upwards
Don't want to sound like a bear and all, but current PA doesn't seems very bulish for Bitcoin. More likely there will be a small pullback to gain strength and breakout of this level on come back!
Nothing has seriously changed on Bitcoin over the recent 5 days. This week was started with the bullish mood and attempts to break the $52,200 resistance upwards!
In fact, the price is compressing this resistance long enough to finally break it Expect it to happen this week
The main target is $54,000 - $55,000 zone, as I said in the previous update #Write2Earn