Bitcoin saw an 11% rise in October, closing the month at $72,335. Despite this gain, it didn't quite match its historical October growth average of 22%. Traders are buzzing with speculation about a significant price movement on the horizon, as over-the-counter (OTC) exchanges are reportedly scrambling for more Bitcoin.
Crypto trader Alex Becker suggests that a major price surge is planned, with institutions buying up large amounts of Bitcoin OTC. Another trader, The Bitcoin Therapist, echoed these sentiments, hinting at a potential squeeze due to tightening supply.
Interestingly, despite nearing its all-time high of $73,679, Bitcoin hasn't generated as much search interest as "artificial intelligence" since late October. Concerns about the "Uptober" narrative not playing out were prevalent early in the month when Bitcoin dipped below $60,000. However, it bounced back to surpass $70,000 by the end of October.
As of now, Bitcoin is trading at $69,547. Investors are advised to stay cautious and conduct their own research before making any trading decisions.
Apple Inc. has exceeded Wall Street expectations with its latest earnings report, thanks to AI-enhanced iPhones. The tech giant reported fourth-quarter revenues of $94.93 billion, a 6.1% increase from last year, and earnings per share of $1.64, surpassing analyst predictions.
Despite the positive results, Apple's share price fell after hours due to a cautious outlook for the upcoming quarter. The company anticipates revenue growth of only low to mid-single digits, below Wall Street's 6.5% expectation.
Sales in China, a crucial market, also missed targets, contributing to the share price dip. Apple’s AI features, currently in beta and limited to the latest iPhones, have yet to fully impress consumers.
🚀 BTC November Forecast: Poised for a Breakout? 💹🔥
As we close out October, Bitcoin's growth rate came in at a respectable +14% – just below the 11-year average of +22%. While October wasn’t quite “Uptober,” history hints that November could be primed for significant gains.
📊 Key BTC Insights:
1. November Trends: Historically, Bitcoin sees strong November performances, with average monthly closes around +46%. This is a powerful setup, especially with critical catalysts on the horizon.
2. Macro Factors 🗳️: November brings big events, including potential rate cuts from the Federal Reserve and the upcoming U.S. elections, which could fuel broader market movements.
3. Technical Outlook:
Current Selling Pressure: Some minor selling is occurring near the all-time high (ATH) levels, but this is a normal consolidation phase.
Psychological Retest of 70K: A brief pullback to the 70K mark might occur, which could set up a base for further growth.
Expected Upward Momentum: If support holds strong, Bitcoin is positioned to make a bullish push in the coming days.
🚩 Final Note:
All indicators suggest that BTC is building momentum for November. Watch for the 70K support level as a critical zone – if it holds, we could be in for a stellar month ahead!
$BTC
{spot}(BTCUSDT)
#cryptouniverseofficial #USADPSurges #USPCEExceeds #16thBTCWhitePaperAnniv
🚀 **Bitcoin's Wild Ride: From Near All-Time High to Sharp Drop!** 🚀
Bitcoin enthusiasts, buckle up! This week has been a rollercoaster for BTC. After a thrilling surge to $73,600, just $150 shy of a new all-time high, the primary cryptocurrency faced a massive rejection, plummeting to under $69,000.
The excitement was fueled by significant net inflows into 11 US-based spot Bitcoin ETFs, making October 30 the second-best day for these financial products since their inception.
Despite the sharp drop, Bitcoin remains resilient, recovering some ground but still below $70,000. Meanwhile, altcoins like ETH and SOL have also taken a hit, contributing to a $100 billion dip in the crypto market cap.
Stay optimistic, BTC fans! 🌟
Technical Analysis: $BAR
{spot}(BARUSDT)
/USDT
As the BAR/USDT pair experiences a surge, let's take a closer look at its technical indicators and potential target levels.
Current Price: $2.534
Price Change: +11.38%
Key Technical Levels:
1. Target 1: $2.600 🎯
This level represents strong resistance. If the price manages to break through this barrier, it could signal further bullish momentum.
2. Target 2: $2.650 🎯
Positioned just above the first target, this level has been historically significant, acting as a pivotal point. A breakout here could attract more buyers.
3. Target 3: $2.700 🎯
This target marks a critical psychological level. If reached, it could encourage traders to reevaluate their positions, potentially leading to increased volatility.
Summary
The BAR/USDT pair is on an upward trajectory, with solid volume backing the price action. Traders should monitor the key levels outlined above as they look for opportunities in this fan token market.
Stay updated and trade wisely!
Feel free to customize any part of this analysis!
🚨 US Stock Market Bloodbath: $953 Billion Wiped Out in a Day! 💸📉
The US stock market faced a massive downturn today, with a staggering $953 billion erased from investors' holdings. Here’s a breakdown of the situation:
🔍 What Happened?
1. Widespread Selling: Investors are rushing to sell, leading to a significant plunge in major indices.
2. Economic Concerns: Concerns over interest rates, inflation, and a potential recession are intensifying.
3. Global Impact 🌎: As the world's largest economy sees such drastic losses, other markets are likely to feel the ripple effects.
📉 Key Takeaways for Investors
Stay Calm: Market corrections happen, though today's drop is particularly sharp.
Focus on Fundamentals: If you’re a long-term investor, review the fundamentals of your holdings rather than react impulsively.
Revisit Your Strategy: Ensure your portfolio aligns with your risk tolerance, especially in volatile times.
💼 Bottom Line: While these market swings can be nerve-wracking, they’re often part of larger economic cycles. Keep your eyes on the long term, and consider reaching out to a financial advisor if you need guidance navigating these turbulent waters.
#cryptouniverseofficial #NovCryptoOutlook #USPCEExceeds #16thBTCWhitePaperAnniv
NEBRA Unleashes Proof Game on World Chain - 90% Cost Slash on ID Proofs!
NEBRA just dropped its universal proof aggregator on World Chain, the decentralized ID network powered by OpenAI’s Sam Altman.
For anyone grinding to keep privacy tight and scalable, this ZK upgrade’s a game-changer.
With a 90% cut in proof costs, NEBRA’s Ethereum-based tool merges multiple ZK systems into a single streamlined verification, making Web3 verification cheaper and faster.
The World Chain, running on "proof-of-personhood" and scanning millions of eyes globally, is doubling down on real identity and anti-censorship tech that keeps users private and untraceable.
#cryptosolutions
Technical Analysis: $ALPINE
{spot}(ALPINEUSDT)
/USDT
Current Price: $1.628
Recent Performance: +6.34% (24h)
The ALPINE token is demonstrating strong bullish momentum, currently trading at $1.628. With a notable increase in trading volume, this may suggest continued interest from traders. Let’s delve into key target levels to watch:
Target Levels:
1. Target 1: $1.640
This level serves as a resistance point where traders may look to take profits. A breakthrough above this price could signify a stronger upward trend.
2. Target 2: $1.665
This is the recent 24-hour high and represents a crucial level. If ALPINE can maintain momentum past this mark, we may see a push toward higher levels.
3. Target 3: $1.700
A psychological resistance level, reaching this target could confirm a bullish trend reversal. Traders should monitor this level closely, as it may attract significant market attention.
Support Levels:
Immediate Support: $1.600
This level could provide a cushion for price action in case of a pullback. If broken, further downside may target $1.580.
Conclusion: With the current bullish sentiment, ALPINE/USDT appears poised for upward movement. Traders should keep an eye on the identified targets while considering market conditions and potential volatility.
Stay tuned for more updates, and happy trading!
Feel free to modify any parts to fit your style!
🚀 Bitcoin Options Expiry: What's Happening Today? 🚀
Today, approximately 28,000 Bitcoin options contracts, worth around $2 billion, are set to expire. While this is smaller compared to last week's massive expiry, it still holds significance. The put/call ratio stands at 0.92, indicating a balanced distribution between long and short positions. The max pain point is $69,000, close to current spot prices.
Open interest has surged to $1.3 billion at the $80,000 strike price, showing bullish sentiment. With institutions making big moves, the crypto derivatives market is maturing. Keep an eye on BTC! 🌟
How can we protect cognitive liberties in the age of BCIs?🧠💻
Join the @foresightinst & @protocollabs afternoon session & get answers directly from the pioneers themselves, at the Superintelligence Summit in Bangkok on Nov 11.
📍Studio R9, 5th floor, Renaissance Bangkok Ratchaprasong Hotel
The Agenda Includes:
1) Panel Discussion about "Safeguarding Cognitive Liberties through Technology"
2) Moderated discussion on data ownership, privacy, and the intersection of neurotech and crypto
3) Fast Grants and workshops focused on real-world solutions for cognitive security, with expert guidance and collaborative brainstorming
What else are you in for during the "Afternoon Supersession"?
1) @oceanprotocol - “AI Hodls Data, Ocean Unlocks It” - Bytes Room, 5th floor
2) @OasisProtocol - “Decentralize All Things” - Bytes Room, 5th floor
3) @Innovion1 - "Explore the Edge of Web3 Innovation" - Studio R6, 4th floor
4) @SingularityNET - Insights into AGI, DeSci, and Superintelligence - Studio R2, 4th floor
5) @NumeraiCoE - Data science, Web3, & Decentralized AI - Studio R3, 4th floor
Register for free here: https://t.co/kioxRW0F1H
#SuperintelligenceSummit
🔶 BREAKING: U.S. Layoffs Spike in September 🔶
The labor market is showing signs of strain as new data reveals a significant rise in layoffs:
🔻 1.83 Million Layoffs in September – An increase of 160,000 layoffs, marking the second-highest in 4 years.
📉 42% Surge in Monthly Layoffs – Over the past three years, monthly layoffs have risen by 540,000.
📊 Layoff Rate Hits 1.2% – This is the highest rate since December 2020, signaling potential challenges ahead.
💼 Private Sector Layoffs Reach 1.78 Million – A 4-year high, emphasizing further weakness in private sector employment.
🚨 Labor Market in Focus – These trends are critical indicators to watch as economic pressures build.
#CryptoPreUSElection #EIGENonBinance