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đ„đ„đ„ 94% of Bitcoin's total supply cap of 21 million has now been mined through its predictable issuance schedule. Bitcoin's controlled scarcity makes the remaining supply provably rare.
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đ„đ„ A milestone has been reached in Bitcoin's supply schedule - 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far.
Bitcoin's supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining subsidy was 50 BTC per block, which halves every 210,000 blocks or roughly every 4 years.
This event called the Bitcoin halving, ensures a predictable, diminishing inflation rate as the supply grows. There have been three halvings, cutting the subsidy from 50 to 25 to 12.5 to the current 6.25 BTC.
The halvings combined with increasing difficulty and competition mean fewer and fewer new bitcoin enters circulation over time. Out of the maximum 21 million BTC, over 94% or 19,741,655 BTC have been mined since Bitcoin's launch in 2009.
That leaves only around 1.26 million BTC to be issued. With the current 6.25 BTC block reward, Experts estimate 99.9% of all bitcoin will be mined by 2140.
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OMNI.X's RSI Indicator ascending out of oversold territory
The RSI Oscillator for OMNI.X moved out of oversold territory on August 12, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The AI looked at 1 similar instances when the indicator left oversold territory. In 1 of the 1 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for OMNI.X just turned positive on August 13, 2024. Looking at past instances where OMNI.X's MACD turned positive, the stock continued to rise in 1 of 3 cases over the following month. The odds of a continued upward trend are 33%.
Following a +4.63% 3-day Advance, the price is estimated to grow further. Considering data from situations where OMNI.X advanced for three days, in 11 of 17 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.
OMNI.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$OMNI
#HotTrends #Tickeron #TechnicalAnalysis #signals #AI_Tickeron
$TRX
{spot}(TRXUSDT)
{future}(TRXUSDT)
The 4-hour chart for #TRX/USDT shows the price currently trading at approximately $0.1377, above the 200-period moving average, indicating a strong bullish momentum. The price has been in an uptrend and is currently testing a significant resistance zone.
RSI: The RSI is at 74.06, which indicates that the asset is in overbought territory. This suggests that while the momentum is strong, there could be a potential for a pullback or consolidation before continuing the upward movement.
MACD: The MACD shows a bullish crossover, with the histogram turning positive. This supports the ongoing bullish trend, indicating that the upward momentum could continue if the buying pressure remains strong.
Resistance: Immediate resistance is found around $0.1400, where the price has struggled to break through in the past. A break above this level could open the door for further gains, potentially targeting $0.1500 or higher.
Support: Immediate support lies around $0.1311 (200-period moving average). A stronger support level is around $0.1300, which could act as a cushion if a pullback occurs.
Bullish: If the price successfully breaks above the $0.1400 resistance and holds, it could lead to a continuation of the upward trend, with the next target being around $0.1500. The bullish indicators suggest that this scenario is possible if buying pressure persists.
Bearish: If the price fails to break the $0.1400 resistance and the RSI indicates an overbought condition, a pullback towards $0.1311 or even $0.1300 could occur. This would be a natural correction within the broader uptrend.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
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DASH.X in upward trend: 10-day moving average moved above 50-day moving average on August 18, 2024
The 10-day moving average for DASH.X crossed bullishly above the 50-day moving average on August 18, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 16 of 23 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 70%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where DASH.X's RSI Oscillator exited the oversold zone, 26 of 49 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 53%.
The Momentum Indicator moved above the 0 level on August 12, 2024. You may want to consider a long position or call options on DASH.X as a result. In 68 of 137 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.
The Moving Average Convergence Divergence (MACD) for DASH.X just turned positive on August 12, 2024. Looking at past instances where DASH.X's MACD turned positive, the stock continued to rise in 24 of 60 cases over the following month. The odds of a continued upward trend are 40%.
DASH.X moved above its 50-day moving average on August 12, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1.06% 3-day Advance, the price is estimated to grow further. Considering data from situations where DASH.X advanced for three days, in 223 of 463 cases, the price rose further within the following month. The odds of a continued upward trend are 48%.
DASH.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$DASH
#HotTrends #Tickeron #TechnicalAnalysis #signals #AI_Tickeron
$QTUM
{future}(QTUMUSDT)
{spot}(QTUMUSDT)
The #QTUM/USDT pair is currently trading around $2.271, slightly below the 200-period moving average, which has acted as a strong resistance level in recent trading sessions. The price attempted to break above this level but faced rejection, indicating a potential struggle to continue upward momentum.
RSI: The RSI is currently at 57.08, indicating a neutral to slightly bullish sentiment. While not in the overbought zone, it suggests thereâs still some room for upward movement, but the momentum is relatively moderate.
MACD: The MACD shows a slight bearish crossover, with the histogram moving close to the neutral line. This suggests that the recent bullish momentum may be weakening, and a potential shift towards downside pressure could occur if the indicators turn more negative.
Resistance: Immediate resistance is at $2.419 (200-period moving average). If the price manages to break above this level, the next significant resistance could be around $2.500.
Support: Immediate support is found around $2.100, with stronger support near $2.000, which could act as a safety net if the price faces increased bearish pressure.
Bearish: If the price continues to be rejected by the 200-period moving average and bearish indicators strengthen, the price could drop towards the $2.100 support level or even lower to $2.000 if the selling pressure intensifies.
Bullish: For a bullish scenario to emerge, the price would need to break and sustain above the $2.419 resistance level. In that case, the next target could be around $2.500
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
#PowellAtJacksonHole #6thTrade #BecomeCreator #Market_Update
Is $RARE the Next Big Thing?
its price has skyrocketed by over 350% in just a few days. Such explosive moves often happen when the broader market is quiet, causing a previously dormant coin to suddenly spike.
In times like these, traders rush to catch the next big wave, selling off stagnant assets to jump into the surging ones, which only fuels the price climb. The situation is further intensified by futures traders, whose high-leverage positions and the resulting liquidations add to the volatility, driving $RARE even higher. Is this just the beginning for $RARE, or a fleeting surge?
Cardano Finds Strong Support and Enters New Uptrend
Cardanoâs price found strong support,halting its downward trend. This development suggests that ADA has entered a new uptrend and could see a significant jump soon. This change may have been supported by announcements made at the RareEvo Blockchain.
ADA Price
From a price perspective, Cardano has dropped 0.5% in the last 24 hours to $0.3333 and is moving within a descending channel formation on the 4-hour timeframe. Despite showing a short-term downtrend, breaking this channel upwards is possible with sufficient volume.
ADAâs price may find support at the lower boundary of the descending channel at $0.3188. If this level breaks, further price declines are expected. On the other hand, the price may face resistance at $0.3380, $0.3366, and $0.3637. A close above the upper boundary of the formation at $0.3380 could indicate a more positive direction in the medium term.
Cardanoâs liquidation map on exchanges shows that most margin investors are opening long positions. This indicates that the market generally expects ADAâs price to rise in the future. Technical indicators show that the Coppock Curve is positive but low at 3.5647, indicating that momentum is still weak. If ADAâs price rises above $0.3380, it could signal a significant move towards $0.3637 and beyond.
Cardanoâs price found strong support, halting its downward trend.
Hydra technology and a $1 million hack reward generated excitement.
ADAâs price may face resistance but could rise with sufficient volume.
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Could Trump's Election Chances Rock Bitcoin?
Bitcoin's price may see volatility driven by political uncertainty and shifts in investor sentiment. As Trumpâs election prospects come into focus, his policies could sway the cryptocurrency market, depending on how they are perceived.
Experts often turn to historical data, market trends, and investor behavior to forecast potential impacts. They might analyze key factors, such as:
- Trump's stance on cryptocurrency regulation
- The economic effects of his policies
- Investor confidence and willingness to take risks
- Global market responses to political events
By considering these elements, analysts can offer predictions on how Bitcoin might react to Trumpâs election chances, and how those chances could, in turn, influence Bitcoin prices. Could this political shift be a game-changer for crypto markets?