đ Bitcoin Breakout Imminent? Analyst Says History Might Repeat!
- Analyst Rekt Capital suggests Bitcoin could be on the verge of a breakout, based on historical cycle patterns.
- BTC historically breaks out 154-161 days post-halving; we're currently at day 157 since the April 20 halving.
- Previous cycles saw BTC breaking out 154 days (2016) and 161 days (2020) post-halving.
- September has been unusually bullish, with BTC up 9%, beating its 2016 record of 6%.
- October has historically been strong, with gains up to 48% in bull market years.
- BTC needs to surpass $73,738 to enter a new price discovery range, currently trading at $62,863.
Source: Rekt Capital
đ Bitcoin Breakout Imminent? Analyst Says History Might Repeat! đ
According to crypto analyst Rekt Capital, Bitcoin (BTC) could be on the verge of a breakout if historical patterns hold true. In a recent post on X, he noted that BTC typically breaks out 154-161 days after a halving event. Guess what? We're at day 157! đ
- In 2016, BTC broke out 154 days post-halving.
- In 2020, it took 161 days.
Could this be the week BTC breaks free from its reaccumulation range? đ
September has been surprisingly strong with a 9% gain, and October historically brings even better returns. What do you think? Drop your thoughts in the comments! đŹ
#Bitcoin #Crypto #BTC #MarketTrends
đ Top Memecoins Soar as Binance Lists Baby Doge, Neiro, and Turbo đ
September has been a wild ride for memecoin traders as Binance officially listed Baby Doge Coin, Neiro, and Turbo. These listings sent memecoins soaring, with Baby Doge Coin seeing a 38.7% jump, trading at $0.0000000009538. Meanwhile, Turbo rose by 4.5%, reaching $0.00418.
đĄ Why It Matters:
- Baby Doge Coin surged as traders rushed to buy following the listing, showing strong market interest in meme-based tokens.
- Binance continues to offer diverse opportunities, as spot trading pairs for these coins include USDT one of the most traded stablecoins.
- These coins are still considered volatile with Binanceâs Seed Tag reminding traders to tread carefully.
Whether youâre a memecoin enthusiast or looking for short-term gains, these tokens are now ready for action on Binance. Make sure to keep an eye on price movements!
#CATIonBinance #BTCReboundsAfterFOMC #moonbix #TerraformLabsBankruptcy #TrumpFirstBTCUse
Can Gala reach $1 dollar in 2025?
According to various analysts, the P2E gaming market can grow to over $50 billion by 2025 due to its rising popularity and adoption by mainstream gamers. Considering these possibilities, our GALA price prediction for 2025 in USD is- $0.93 (maximum), $0.34 (minimum) and $0.67 (average).#galatrend y
Can gala coin reach $5?
Can GALA reach $5? Yes, GALA can reach $5 by 2025 based on the potential growth factors.
Does Gala Coin have a future?
Our real-time GALA to USD price update shows the current Gala price as $0.020074 USD. Our most recent Gala price forecast indicates that its value will increase by 14.58% and reach $0.023000 by September 24, 2024.
Is Gala a good project?
âThe long-term price of GALA has been positive as the token increased to an all-time high of $0.8. The coin has grown in value from its creation in 2019 to $0.0015. Following this price point, the token dropped as low as $0.0002 before rising to $0.003 in price.â
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#Write2Earn!
#BTCâ #BinanceLaunchpoolHMSTR #NeiroOnBinance
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$GALA
_đâïžâïžChina's Bitcoin Mining Dominance Defies Crypto Ban đ_
$BTC $ETH $SHIB đ‎ïžđȘ
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Despite a nationwide ban on cryptocurrency trading and mining since 2021, China continues to dominate the global Bitcoin mining landscape, controlling 55% of the hashrate đ€Ż.
_Global Hashrate Distribution:_
- China: 55% đšđł
- US: 40% đșđž
- Rest of the world: 5% đ
_Why China Remains on Top:_
- Support for smaller Asian miners
- Decentralized nature of Bitcoin allows circumvention of restrictions
- Existing infrastructure and expertise
_Industry Insights:_
- "China's dominance is a testament to its mining infrastructure and expertise."
- "US mining pools focus on institutional miners, while China supports smaller players."
_Crypto Regulations in China:_
- Anti-Money Laundering (AML) regulations to cover crypto transactions by 2025
- Industry leaders call for reevaluation of digital asset policies
_Key Statistics:_
- Bitcoin Miner Revenue (August 2024): $827.56M đž
- Annual Volume of Crypto Transactions in China: $86B đ
_Outlook:_
- China's crypto stance may evolve with regulatory updates.
- Global mining landscape to shift as other countries invest in infrastructure.
_Conclusion:_
China's Bitcoin mining dominance is a remarkable phenomenon, considering the country's crypto ban. As regulations evolve, the industry will likely see changes in the global hashrate distribution.
âĄïž News Flash - 23 Sep 2024 !
1ïžâŁ Celestia Foundation Secures $100 Million in Funding Round Led by Bain Capital Crypto
Celestia Foundation raised $100 million to support its modular blockchain network, which helps other blockchains scale by offloading data. It plans to scale to 1-gigabyte blocks.
2ïžâŁ Telegram to Share User Data with Authorities Following CEO's Arrest in Crime Crackdown
Telegram will now share user details with authorities if rules are violated, following CEO Pavel Durov's arrest. The platform also updated its terms to block searches for illegal content.
3ïžâŁ $80 Million Crypto Fund Backed by Bill Ackman Shuts Down After Forbes 30 Under 30 Founder Disappears in China
David Gan, founder of Inception Capital (formerly OP Crypto), faced a crisis after his father's investigation caused a month-long disappearance. The firm is now in a controlled wind-down, planning to unveil a new investment strategy in October amid staff cuts and uncertainty about its remaining capital.
4ïžâŁ OpenSea Users Assert NFTs Are Securities in Proposed Class Action Lawsuit
Two users have filed a class-action lawsuit against OpenSea, claiming it sells unregistered securities. They argue that the NFTs they bought, including from the Bored Ape Yacht Club, are worthless due to their illegal nature, citing a recent SEC Wells notice as evidence.
5ïžâŁ Bittensor's TAO Sparks AI Token Rally with 56% Surge Amid Market Recovery
The GMAI index, tracking top AI tokens, surged over 30% last week, while the GM30 index rose 9.8%. Bittensor's TAO token jumped 56%, with FET and RENDER increasing by 20% and 14%, respectively.
#CATIonBinance #BinanceLaunchpoolHMSTR #FOMC #BTCReboundsAfterFOMC #NeiroOnBinance