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SHIB Burns Surge by 936%, Price Reacts Unexpectedly
The Shibburn platform has reported a dramatic increase in the rate at which SHIB tokens are being removed from circulation. Millions of these meme coins have been transferred to inactive wallets, also known as "dead wallets."
Although significantly more SHIB was burned over the past seven days compared to previous periods, weekly statistics indicate a decrease in the burning rate. Meanwhile, SHIB's price has been moving sideways despite the community’s notable efforts in burning tokens.
SHIB Burn Rate Increases by 936%
According to data from Shibburn, a total of 6,690,287 SHIB was burned in the last 24 hours. This led to a dramatic daily burn rate increase of 936.52%.
Two major transactions during this period accounted for the removal of 3,507,923 SHIB and 2,300,437 SHIB from circulation.
Over the past week, 62,381,241 SHIB were burned, marking a nearly 60% decrease in the burn rate. All these tokens were locked in inactive blockchain wallets, making them permanently unusable.
SHIB Market Performance
Last Friday, SHIB, the second-largest meme cryptocurrency by market capitalization, surprised the market with a price spike of approximately 30%, climbing from $0.00001859 to $0.00002406.
However, since this sharp rise, SHIB has experienced a 9.61% decline and is currently trading at $0.00002168.
Throughout the week, SHIB has been trading sideways, struggling to break through the resistance level at $0.00002200, but without success.
Conclusion
While the SHIB burn rate has seen a significant surge, its price remains in a consolidation phase. The SHIB community continues its efforts, which could have a long-term positive impact on the token’s value. Traders are closely monitoring whether SHIB can break through current resistance levels and regain its upward momentum.
#SHIB , #Shibarium , #SHIBburn , #Priceanalysis , #Memecoins
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Although significantly more SHIB was burned over the past seven days compared to previous periods, weekly statistics indicate a decrease in the burning rate. Meanwhile, SHIB's price has been moving sideways despite the community’s notable efforts in burning tokens.
SHIB Burn Rate Increases by 936%
According to data from Shibburn, a total of 6,690,287 SHIB was burned in the last 24 hours. This led to a dramatic daily burn rate increase of 936.52%.
Two major transactions during this period accounted for the removal of 3,507,923 SHIB and 2,300,437 SHIB from circulation.
Over the past week, 62,381,241 SHIB were burned, marking a nearly 60% decrease in the burn rate. All these tokens were locked in inactive blockchain wallets, making them permanently unusable.
SHIB Market Performance
Last Friday, SHIB, the second-largest meme cryptocurrency by market capitalization, surprised the market with a price spike of approximately 30%, climbing from $0.00001859 to $0.00002406.
However, since this sharp rise, SHIB has experienced a 9.61% decline and is currently trading at $0.00002168.
Throughout the week, SHIB has been trading sideways, struggling to break through the resistance level at $0.00002200, but without success.
Conclusion
While the SHIB burn rate has seen a significant surge, its price remains in a consolidation phase. The SHIB community continues its efforts, which could have a long-term positive impact on the token’s value. Traders are closely monitoring whether SHIB can break through current resistance levels and regain its upward momentum.
#SHIB , #Shibarium , #SHIBburn , #Priceanalysis , #Memecoins
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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🚨📉Filecoin (FIL) Price Update: Bearish Sentiment Intensifies🔻
💥Key Highlights:
Peak to Plunge: FIL initially dropped below the 20-day SMA, hitting a low of $5.68.
Weekend Movement: Entered the weekend with a 5% drop but recovered slightly on Sunday with a 4.31% gain, closing at $6.70.
Monday Struggles: Unable to hold momentum, FIL dropped 2.75%, settling at $6.52.
🔍Price Action Breakdown:
Tuesday's Drop: FIL fell by 3.65%, reaching $6.28.
Wednesday's Major Decline: A sharp 10% drop pushed FIL below the $6 mark, closing at $5.66.
Thursday’s Collapse: FIL dipped over 10%, slipping below the 50-day SMA and ending at $5.09.
💡Current Sentiment:
Bearish Pressure: FIL is down over 5% in the current session, with sellers dominating the market.
Support Zone: $5 remains a critical support level. Will FIL hold this mark or continue to decline?
⚡What’s Next for FIL?
Bearish Sentiment: Sellers are still in control, pushing FIL lower.
Recovery Potential: For a recovery, FIL will need to break above the 50-day SMA and move past $6.
$FIL
🔔Stay Tuned for the latest updates on Filecoin (FIL) and other crypto movements!
#Filecoin #CryptoMarket #Priceanalysis #FILUSDT
💥Key Highlights:
Peak to Plunge: FIL initially dropped below the 20-day SMA, hitting a low of $5.68.
Weekend Movement: Entered the weekend with a 5% drop but recovered slightly on Sunday with a 4.31% gain, closing at $6.70.
Monday Struggles: Unable to hold momentum, FIL dropped 2.75%, settling at $6.52.
🔍Price Action Breakdown:
Tuesday's Drop: FIL fell by 3.65%, reaching $6.28.
Wednesday's Major Decline: A sharp 10% drop pushed FIL below the $6 mark, closing at $5.66.
Thursday’s Collapse: FIL dipped over 10%, slipping below the 50-day SMA and ending at $5.09.
💡Current Sentiment:
Bearish Pressure: FIL is down over 5% in the current session, with sellers dominating the market.
Support Zone: $5 remains a critical support level. Will FIL hold this mark or continue to decline?
⚡What’s Next for FIL?
Bearish Sentiment: Sellers are still in control, pushing FIL lower.
Recovery Potential: For a recovery, FIL will need to break above the 50-day SMA and move past $6.
$FIL
🔔Stay Tuned for the latest updates on Filecoin (FIL) and other crypto movements!
#Filecoin #CryptoMarket #Priceanalysis #FILUSDT
Yuvraj AKA Butch :
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Bitcoin's Weekly Dip Explained 📉💡
$BTC dropped 10% this week, falling to $94,645 after peaking at $105,185. The decline followed Federal Reserve updates reducing 2025 rate cut projections, signaling a tougher environment for risk assets.
Key Insights:
🌐 Fed Impact: New rate forecasts show a slower-than-expected decline, affecting Bitcoin's momentum.
🚀 Pro-Crypto Leadership: Trump's crypto-friendly administration, including Paul Atkins (SEC) and Scott Bessent (Treasury), fuels long-term optimism.
Future Outlook:
📈 Analysts predict a rise to $180K-$200K by 2025, driven by adoption and institutional interest.
Despite the pullback, Bitcoin remains on an upward trajectory compared to last year.
#BTC #PriceAnalysis
$BTC dropped 10% this week, falling to $94,645 after peaking at $105,185. The decline followed Federal Reserve updates reducing 2025 rate cut projections, signaling a tougher environment for risk assets.
Key Insights:
🌐 Fed Impact: New rate forecasts show a slower-than-expected decline, affecting Bitcoin's momentum.
🚀 Pro-Crypto Leadership: Trump's crypto-friendly administration, including Paul Atkins (SEC) and Scott Bessent (Treasury), fuels long-term optimism.
Future Outlook:
📈 Analysts predict a rise to $180K-$200K by 2025, driven by adoption and institutional interest.
Despite the pullback, Bitcoin remains on an upward trajectory compared to last year.
#BTC #PriceAnalysis
You haven't missed out on anything. It's not too late to invest in #Ethereum, #Bitcoin, or other altcoins. 🚀 Significant price surges haven't started yet, and the bull market hasn't reached its crazy phase.
The painful part is that we've been HODLing for years, yet almost everyone entering the market now will achieve similar profits. Unfortunately, that's the most frustrating aspect of this market. But in the end, those who hold the longest—or more importantly, HODL enough—end up winning the most. 🏆
2025 will be our year. I expect the first three months to be incredibly productive for crypto. When the time comes, I'll provide a more detailed analysis for $BTC Bitcoin, $ETH Ethereum, and all other altcoins, especially after May and into the summer season.
Long story short: everything is going to be amazing.
#BTC #PriceAnalysis #AltcoinSeason
The painful part is that we've been HODLing for years, yet almost everyone entering the market now will achieve similar profits. Unfortunately, that's the most frustrating aspect of this market. But in the end, those who hold the longest—or more importantly, HODL enough—end up winning the most. 🏆
2025 will be our year. I expect the first three months to be incredibly productive for crypto. When the time comes, I'll provide a more detailed analysis for $BTC Bitcoin, $ETH Ethereum, and all other altcoins, especially after May and into the summer season.
Long story short: everything is going to be amazing.
#BTC #PriceAnalysis #AltcoinSeason
📉 $BTC Bitcoin’s Recent Dip: What’s Behind It? 💭
I believe the Fed’s hawkish stance is a key factor. But here’s the thing: despite this short-term setback, I’m still bullish on Bitcoin’s future. 🌟
Why Am I Optimistic?
🔎 Shrimp Wallets Accumulating: Smaller wallets are showing strong buying trends, a great sign of confidence in the market.
💰 Exchange Outflows Increasing: Investors are moving their coins to secure, long-term storage solutions, reducing sell pressure.
📈 Strong Fundamentals: Despite the dip, Bitcoin’s underlying fundamentals remain rock-solid.
What Does This Mean?
While the Fed’s hawkishness might have spooked the market in the short term, these trends point to a recovery on the horizon. 🚀
My Advice
Feeling nervous about the dip? Take a deep breath 🌬️ and stop checking your portfolio every 5 minutes! The big picture looks promising. 🌅
#BTC #PriceAnalysis #MacroInsights
I believe the Fed’s hawkish stance is a key factor. But here’s the thing: despite this short-term setback, I’m still bullish on Bitcoin’s future. 🌟
Why Am I Optimistic?
🔎 Shrimp Wallets Accumulating: Smaller wallets are showing strong buying trends, a great sign of confidence in the market.
💰 Exchange Outflows Increasing: Investors are moving their coins to secure, long-term storage solutions, reducing sell pressure.
📈 Strong Fundamentals: Despite the dip, Bitcoin’s underlying fundamentals remain rock-solid.
What Does This Mean?
While the Fed’s hawkishness might have spooked the market in the short term, these trends point to a recovery on the horizon. 🚀
My Advice
Feeling nervous about the dip? Take a deep breath 🌬️ and stop checking your portfolio every 5 minutes! The big picture looks promising. 🌅
#BTC #PriceAnalysis #MacroInsights
Uniswap Bulls vs. Bears: Who Wins This $15 War?
Uniswap's Critical Moment: 🚨🚨Are We Breaking Out or Breaking Down? High Alert for Uniswap Holders💥The price now trades around $13.4, teasing traders with the possibility of a bullish breakout or another leg down.
Before I begin...👇🔥I'll likely make my content private soon, so make sure to follow me here , so u won't miss this and my future content.
👀Currently, the chart suggests two scenarios. The first is a potential bullish reversal forming near support at $12-$10.7, with the price aiming for a retest of the $14.5-$15 resistance zone. This zone aligns with major moving averages, making it a key level to watch. A breakout here could trigger fresh momentum, pushing UNI towards $16.5 or higher.
The second scenario points to a bearish retest. If UNI fails to reclaim $14.5, the price could drop below $13, targeting support at $12 and potentially even $10.7. But There will be another Drop from $12-$10.7 before the price will go Up🚀🚀
For traders, patience is key. Wait for volume-backed moves to confirm direction. Whether you're bullish or bearish, keep your eyes on the $14.5-$15 zone and prepare for potential volatility.
Why Follow My Analysis?💥👇👇 ✅ I’ll be sharing VIP signals for free, along with chart breakdowns and updates to help you stay ahead of market moves. Don’t miss out on these expert insights designed to give you an edge.
#UniswapAlert #UniswapPriceAlert #BinanceSeason #UNIUSDT #PriceAnalysis $UNI
Before I begin...👇🔥I'll likely make my content private soon, so make sure to follow me here , so u won't miss this and my future content.
👀Currently, the chart suggests two scenarios. The first is a potential bullish reversal forming near support at $12-$10.7, with the price aiming for a retest of the $14.5-$15 resistance zone. This zone aligns with major moving averages, making it a key level to watch. A breakout here could trigger fresh momentum, pushing UNI towards $16.5 or higher.
The second scenario points to a bearish retest. If UNI fails to reclaim $14.5, the price could drop below $13, targeting support at $12 and potentially even $10.7. But There will be another Drop from $12-$10.7 before the price will go Up🚀🚀
For traders, patience is key. Wait for volume-backed moves to confirm direction. Whether you're bullish or bearish, keep your eyes on the $14.5-$15 zone and prepare for potential volatility.
Why Follow My Analysis?💥👇👇 ✅ I’ll be sharing VIP signals for free, along with chart breakdowns and updates to help you stay ahead of market moves. Don’t miss out on these expert insights designed to give you an edge.
#UniswapAlert #UniswapPriceAlert #BinanceSeason #UNIUSDT #PriceAnalysis $UNI
🚨 Memecoin Market Alert: What's Next for Shiba Inu (SHIB) & Dogecoin (DOGE)? 🚨
The crypto market has taken a hit, and memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) are struggling to bounce back. While some tokens are seeing recovery, these two famous coins face significant resistance. Here's a closer look at their price action and what to expect moving forward!
🐕 Dogecoin (DOGE) Price Breakdown
After a sharp decline, DOGE dropped from $0.32 to $0.26, pulling the entire market down with it. Although the price has bounced back above $0.31, DOGE remains under bearish pressure. For a recovery, it needs to hold the $0.33 support. If it doesn't, we could see further declines, possibly pushing it below $0.20. But if DOGE manages a close above $0.35, expect a bullish reversal!
🔮 Key Levels to Watch:
Support: $0.33
Resistance: $0.35
Next Potential Move: If it breaks $0.35, a bullish surge could be imminent.
🐾 Shiba Inu (SHIB) Price Breakdown
SHIB has faced a significant dip, breaking below a rising wedge pattern, resulting in a more than 30% drop. Despite some bullish signs, like a potential rebound, the technicals suggest a wider correction could be coming, potentially pushing SHIB below $0.00002. However, the Ichimoku cloud and bullish crossover might signal an end to the bearish trend if they continue to strengthen.
🔮 Key Levels to Watch:
Support: $0.00002
Resistance: Breaking above $0.00003 could signal recovery.
Next Potential Move: A strong recovery could set SHIB on a positive trajectory toward 2025.
⚡️ What’s Next for DOGE & SHIB?
Both DOGE and SHIB are at critical junctures. The market remains volatile, and the next few weeks will determine their direction. DOGE needs to clear resistance, while SHIB might face further downward pressure before finding support.
🔥 The coming weeks are crucial for these memecoins! Whether they will break through resistance or face a prolonged correction remains to be seen. Keep an eye on these levels for your next move!
#CryptoMarket #doge #shiba #PriceAnalysis
The crypto market has taken a hit, and memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) are struggling to bounce back. While some tokens are seeing recovery, these two famous coins face significant resistance. Here's a closer look at their price action and what to expect moving forward!
🐕 Dogecoin (DOGE) Price Breakdown
After a sharp decline, DOGE dropped from $0.32 to $0.26, pulling the entire market down with it. Although the price has bounced back above $0.31, DOGE remains under bearish pressure. For a recovery, it needs to hold the $0.33 support. If it doesn't, we could see further declines, possibly pushing it below $0.20. But if DOGE manages a close above $0.35, expect a bullish reversal!
🔮 Key Levels to Watch:
Support: $0.33
Resistance: $0.35
Next Potential Move: If it breaks $0.35, a bullish surge could be imminent.
🐾 Shiba Inu (SHIB) Price Breakdown
SHIB has faced a significant dip, breaking below a rising wedge pattern, resulting in a more than 30% drop. Despite some bullish signs, like a potential rebound, the technicals suggest a wider correction could be coming, potentially pushing SHIB below $0.00002. However, the Ichimoku cloud and bullish crossover might signal an end to the bearish trend if they continue to strengthen.
🔮 Key Levels to Watch:
Support: $0.00002
Resistance: Breaking above $0.00003 could signal recovery.
Next Potential Move: A strong recovery could set SHIB on a positive trajectory toward 2025.
⚡️ What’s Next for DOGE & SHIB?
Both DOGE and SHIB are at critical junctures. The market remains volatile, and the next few weeks will determine their direction. DOGE needs to clear resistance, while SHIB might face further downward pressure before finding support.
🔥 The coming weeks are crucial for these memecoins! Whether they will break through resistance or face a prolonged correction remains to be seen. Keep an eye on these levels for your next move!
#CryptoMarket #doge #shiba #PriceAnalysis
AUCTION has seen a solid gain of 19.49% in just 24 hours! This DeFi gainer is on the rise and showing strong bullish momentum. 💥
🚀 AUCTION/USDT Price Surge: +19.49% in 24 Hours! 🚀
📈 Current Price: $18.88
📊 24h High: $19.54
📉 24h Low: $15.35
🔑 Key Levels to Monitor:
Resistance: $19.54 (Current 24h high – watch for potential breakout 🚀)
Support: $15.35 (Strong low – could be an area to watch for retracement 🔍)
💹 Volume:
AUCTION 24h Volume: 1.01M
USDT 24h Volume: 17.07M
The trading volume shows increasing interest, with AUCTION’s volume reaching over 1 million in 24 hours, signaling growing market participation. 🌐
📊 Market Depth:
Resistance at $19.75 💥
Support at $18.21 💪
Low depth at $15.14 (Watch for potential pullbacks) 👀
🔮 What’s Next for AUCTION?
With a 19.49% surge, AUCTION/USDT is experiencing strong upward momentum. But will it breach the resistance at $19.54? If so, a further rally could be on the horizon! Keep an eye on the support levels in case of any price retracements. 📈
⚠️ Risk Management Tip:
As always, manage your positions carefully and consider setting stops near key support areas to protect your profits.
🔥 Trade AUCTION/USDT on Binance NOW! 🔥
#CryptoTrading #PriceAnalysis #BinanceTrading #CryptoCommunity
#write2earn
🚀 AUCTION/USDT Price Surge: +19.49% in 24 Hours! 🚀
📈 Current Price: $18.88
📊 24h High: $19.54
📉 24h Low: $15.35
🔑 Key Levels to Monitor:
Resistance: $19.54 (Current 24h high – watch for potential breakout 🚀)
Support: $15.35 (Strong low – could be an area to watch for retracement 🔍)
💹 Volume:
AUCTION 24h Volume: 1.01M
USDT 24h Volume: 17.07M
The trading volume shows increasing interest, with AUCTION’s volume reaching over 1 million in 24 hours, signaling growing market participation. 🌐
📊 Market Depth:
Resistance at $19.75 💥
Support at $18.21 💪
Low depth at $15.14 (Watch for potential pullbacks) 👀
🔮 What’s Next for AUCTION?
With a 19.49% surge, AUCTION/USDT is experiencing strong upward momentum. But will it breach the resistance at $19.54? If so, a further rally could be on the horizon! Keep an eye on the support levels in case of any price retracements. 📈
⚠️ Risk Management Tip:
As always, manage your positions carefully and consider setting stops near key support areas to protect your profits.
🔥 Trade AUCTION/USDT on Binance NOW! 🔥
#CryptoTrading #PriceAnalysis #BinanceTrading #CryptoCommunity
#write2earn
I’m not selling, I’m buying BTC
The market makers are currently shaking the market hard. I’m in a loss from my profits, but I don’t care I’m an investor, not a trader. I’m not selling; in fact, I’m buying more.
#BTC🔥🔥🔥🔥🔥 #Priceanalysis $BTC
#BTC🔥🔥🔥🔥🔥 #Priceanalysis $BTC
🚀 3 Reasons Bitcoin Traders Anticipate $100K+ BTC Price by 2025
1. Post-Halving Growth Path: A Historical Pattern of Massive Gains 📈
- Historically, Bitcoin has experienced significant price increases after each halving event. Even with recent fluctuations, BTC's price is expected to follow its proven "post-halving growth trajectory." According to Ecoinometrics, if Bitcoin adheres to past cycles, we might see a price range from $140,000 to $4,500,000 per BTC. The trend is clear: Bitcoin's value has soared after each halving, setting the stage for another potential surge.
2. Technical Indicators Suggest a Bullish Reversal 🔄
- Bitcoin's recent rebound above $60K has analysts like Rekt Capital noting signs of a bullish trend shift. The key now is whether BTC can turn downtrend resistance into robust support. If successful, this would signal the end of the downtrend and the start of an upward trajectory. The MACD indicator is also showing bullish signs similar to those before previous rallies. If history repeats, Bitcoin could reach new heights soon.
3. Whale Accumulation Signals Strong Bullish Sentiment 🐋
- Data from Glassnode reveals that Bitcoin whales are back in accumulation mode, a strong indicator of future price increases. After a period of selling, long-term holders are resuming their HODLing strategy. Over the past 90 days, more than 374,000 BTC have been moved into long-term holding status, demonstrating confidence among major players. This shift suggests that whales are expecting significant future gains, further fueling the bullish outlook.
Do you think $100K in 2025 is achievable?
Drop your thoughts in the comments below!
#bitcoinprice #bitcoin #btc #priceprediction #priceanalysis
$BTC
1. Post-Halving Growth Path: A Historical Pattern of Massive Gains 📈
- Historically, Bitcoin has experienced significant price increases after each halving event. Even with recent fluctuations, BTC's price is expected to follow its proven "post-halving growth trajectory." According to Ecoinometrics, if Bitcoin adheres to past cycles, we might see a price range from $140,000 to $4,500,000 per BTC. The trend is clear: Bitcoin's value has soared after each halving, setting the stage for another potential surge.
2. Technical Indicators Suggest a Bullish Reversal 🔄
- Bitcoin's recent rebound above $60K has analysts like Rekt Capital noting signs of a bullish trend shift. The key now is whether BTC can turn downtrend resistance into robust support. If successful, this would signal the end of the downtrend and the start of an upward trajectory. The MACD indicator is also showing bullish signs similar to those before previous rallies. If history repeats, Bitcoin could reach new heights soon.
3. Whale Accumulation Signals Strong Bullish Sentiment 🐋
- Data from Glassnode reveals that Bitcoin whales are back in accumulation mode, a strong indicator of future price increases. After a period of selling, long-term holders are resuming their HODLing strategy. Over the past 90 days, more than 374,000 BTC have been moved into long-term holding status, demonstrating confidence among major players. This shift suggests that whales are expecting significant future gains, further fueling the bullish outlook.
Do you think $100K in 2025 is achievable?
Drop your thoughts in the comments below!
#bitcoinprice #bitcoin #btc #priceprediction #priceanalysis
$BTC
Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008? 🤔
The current trade set-up suggests, that the PEPE price is trying hard to break above the resistance after bouncing from the lower border of the bullish pattern. Presently, the price is testing the upper resistance of the channel and a breakout beyond the range may invite fresh buying opportunities for the token. On the other hand, the bears are trying hard to restrict the rally within the pattern, which raises the chances of forming another lower high.
Will the bulls be trapped at $0.00000682 or a breakout above $0.000007 is on the horizon?
Ever since the price triggered a breakout above the $0.000001 range and marked the highs above $0.00001, the traders have been vigilant and appear to be closely observing the market trend. The fluctuating volume and the rally sustained within a descending channel substantiate the claim. The market participants appear to have become bearish on Pepe as the Ichimoku cloud turns red and the OBV maintains a fresh bullish reversal, suggesting the availability of liquidity on the platform.
This suggests the buy-sell-trade may be executed with ease, which may keep up the volatility of the token to a large extent. The price is facing some bearish pressure at the moment, due to which a minor pullback appears to be on the horizon. Hence, a plunge below $0.000006 could be on its way if the bulls fail to break above the upper resistance. Until and unless the PEPE price sustains above the crucial range at $0.0000065, the possibility of a bullish reversal remains pretty high.
Therefore, the next few days could be pretty important for the Pepe (PEPE) price, as a rejection from the upper resistance may pave the way for a fresh plunge, otherwise, a rise beyond $0.00000930 is imminent.
$PEPE #Memecoins #PepeToRunTheBull #priceanalysis #PEPE
The current trade set-up suggests, that the PEPE price is trying hard to break above the resistance after bouncing from the lower border of the bullish pattern. Presently, the price is testing the upper resistance of the channel and a breakout beyond the range may invite fresh buying opportunities for the token. On the other hand, the bears are trying hard to restrict the rally within the pattern, which raises the chances of forming another lower high.
Will the bulls be trapped at $0.00000682 or a breakout above $0.000007 is on the horizon?
Ever since the price triggered a breakout above the $0.000001 range and marked the highs above $0.00001, the traders have been vigilant and appear to be closely observing the market trend. The fluctuating volume and the rally sustained within a descending channel substantiate the claim. The market participants appear to have become bearish on Pepe as the Ichimoku cloud turns red and the OBV maintains a fresh bullish reversal, suggesting the availability of liquidity on the platform.
This suggests the buy-sell-trade may be executed with ease, which may keep up the volatility of the token to a large extent. The price is facing some bearish pressure at the moment, due to which a minor pullback appears to be on the horizon. Hence, a plunge below $0.000006 could be on its way if the bulls fail to break above the upper resistance. Until and unless the PEPE price sustains above the crucial range at $0.0000065, the possibility of a bullish reversal remains pretty high.
Therefore, the next few days could be pretty important for the Pepe (PEPE) price, as a rejection from the upper resistance may pave the way for a fresh plunge, otherwise, a rise beyond $0.00000930 is imminent.
$PEPE #Memecoins #PepeToRunTheBull #priceanalysis #PEPE
🚨 $500B WIPED OUT: CRYPTO'S LARGEST 3-DAY PLUNGE IN A YEAR 📉
🔥 The crypto market just faced its most significant three-day sell-off in nearly a year, shedding a staggering $510 billion in market capitalization since August 2. This dramatic downturn arrives amid weak U.S. jobs data and renewed recession fears.
📉 THE PLUNGE EXPLAINED
📊 The S&P 500 fell 4.4% within the same timeframe, mirroring the crypto market’s struggles. Weak employment numbers, disappointing Q2 results from tech giants like Microsoft and Intel, and fears of recession contributed to the decline. Nvidia also suffered as expectations of September rate cuts redirected capital to smaller companies.
💥 BITCOIN & ETHER TUMBLE
🪙 Bitcoin (BTC) and Ether (ETH) experienced severe drops, falling 10% and 18%, respectively, as of August 5. Over the past week, BTC is down 20% and ETH 28%. Solana (SOL), among the top 10 cryptocurrencies by market cap, took the hardest hit, plummeting 30.6% since July 30.
📊 MARKET DATA & INSIGHT
🔍 Arkham Intelligence data shows trading firm Jump Crypto has offloaded hundreds of millions in assets recently, adding to the market’s turmoil. The Crypto Fear & Greed Index, a sentiment tracker for Bitcoin and crypto, dropped to a score of 26, indicating "fear."
📉 KEY INSIGHTS
- Weak Jobs Data: Poor U.S. employment figures have spooked the market.
- Tech Stock Performance: Disappointing earnings reports from major tech companies.
- Recession Fears: Renewed concerns about an economic downturn.
- Jump Crypto’s Moves: Significant asset sales exacerbating market volatility.
- Market Sentiment: Fear is prevailing, as indicated by the Crypto Fear & Greed Index.
Stay tuned and remain cautious with @Professor Mende - Bonuz Ecosystem Founder
#bitcoin #bitcoincrash #markettrends #priceanalysis #bullorbear
🔥 The crypto market just faced its most significant three-day sell-off in nearly a year, shedding a staggering $510 billion in market capitalization since August 2. This dramatic downturn arrives amid weak U.S. jobs data and renewed recession fears.
📉 THE PLUNGE EXPLAINED
📊 The S&P 500 fell 4.4% within the same timeframe, mirroring the crypto market’s struggles. Weak employment numbers, disappointing Q2 results from tech giants like Microsoft and Intel, and fears of recession contributed to the decline. Nvidia also suffered as expectations of September rate cuts redirected capital to smaller companies.
💥 BITCOIN & ETHER TUMBLE
🪙 Bitcoin (BTC) and Ether (ETH) experienced severe drops, falling 10% and 18%, respectively, as of August 5. Over the past week, BTC is down 20% and ETH 28%. Solana (SOL), among the top 10 cryptocurrencies by market cap, took the hardest hit, plummeting 30.6% since July 30.
📊 MARKET DATA & INSIGHT
🔍 Arkham Intelligence data shows trading firm Jump Crypto has offloaded hundreds of millions in assets recently, adding to the market’s turmoil. The Crypto Fear & Greed Index, a sentiment tracker for Bitcoin and crypto, dropped to a score of 26, indicating "fear."
📉 KEY INSIGHTS
- Weak Jobs Data: Poor U.S. employment figures have spooked the market.
- Tech Stock Performance: Disappointing earnings reports from major tech companies.
- Recession Fears: Renewed concerns about an economic downturn.
- Jump Crypto’s Moves: Significant asset sales exacerbating market volatility.
- Market Sentiment: Fear is prevailing, as indicated by the Crypto Fear & Greed Index.
Stay tuned and remain cautious with @Professor Mende - Bonuz Ecosystem Founder
#bitcoin #bitcoincrash #markettrends #priceanalysis #bullorbear
#BTC☀
oin $45k count. 52.7k break would make this a bit more acceptable. #elliottwaves wave #priceanalysis ction
oin $45k count. 52.7k break would make this a bit more acceptable. #elliottwaves wave #priceanalysis ction
UTK/USDT Price Analysis: 21% Surge in a Day and Future Prospects
UTK/USDT saw a sharp 21.41% rise in a day, hitting $0.12283. Explore the reasons behind this surge and future price trends in the market.
UTK/USDT Price Analysis
In the world of cryptocurrencies, UTK/USDT has made a significant move. Recently, the trading pair surged 21.41% in a single day, reaching $0.12283. This article explores the reasons behind the surge and its future potential.
Key Statistics:
1. 24-Hour High: $0.17853
2. 24-Hour Low: $0.09189
3. Current Trading Volume (UTK): 1.17 Billion
4. USDT Trading Volume: 155.24 Million
Price Trend Analysis
Analyzing the chart, the price rapidly climbed from $0.08504 to a peak of $0.17853 before correcting slightly and stabilizing at $0.12283.
Reasons Behind the Surge
Increased investor interest in the crypto market.High trading volume has fueled a rapid price rise.
Short-Term Trend:
Today’s price growth of 10.35% signals a bullish sentiment in the market.
Long-Term Outlook:
Over the last 30 days, UTK/USDT has seen a massive growth of 276.65%.Technical analysis suggests that breaking the 0.14892 resistance level could push the price toward the $0.17 mark.
Conclusion:
The recent price surge of UTK/USDT presents a positive outlook for traders and investors. However, careful analysis and risk management are essential before investing.
#UTK $UTK #Priceanalysis #Trading #traders
UTK/USDT Price Analysis
In the world of cryptocurrencies, UTK/USDT has made a significant move. Recently, the trading pair surged 21.41% in a single day, reaching $0.12283. This article explores the reasons behind the surge and its future potential.
Key Statistics:
1. 24-Hour High: $0.17853
2. 24-Hour Low: $0.09189
3. Current Trading Volume (UTK): 1.17 Billion
4. USDT Trading Volume: 155.24 Million
Price Trend Analysis
Analyzing the chart, the price rapidly climbed from $0.08504 to a peak of $0.17853 before correcting slightly and stabilizing at $0.12283.
Reasons Behind the Surge
Increased investor interest in the crypto market.High trading volume has fueled a rapid price rise.
Short-Term Trend:
Today’s price growth of 10.35% signals a bullish sentiment in the market.
Long-Term Outlook:
Over the last 30 days, UTK/USDT has seen a massive growth of 276.65%.Technical analysis suggests that breaking the 0.14892 resistance level could push the price toward the $0.17 mark.
Conclusion:
The recent price surge of UTK/USDT presents a positive outlook for traders and investors. However, careful analysis and risk management are essential before investing.
#UTK $UTK #Priceanalysis #Trading #traders
Dogecoin (DOGE) Price Prediction for December 15
Dogecoin (DOGE) Price Prediction for December 15
Dogecoin (DOGE), the popular and largest crypto meme coin by market capitalization is poised for a price decline as sentiment begins to shift.
For the past few days, the overall cryptocurrency market has been quite confusing, raising concerns about whether the price will rally or decline.
However, at this moment it is unpredictable for forecasting price, although the DOGE daily chart has formed a bearish price action.
Dogecoin (DOGE) Technical Analysis and Upcoming Level
According to CoinPedia’s technical analysis, DOGE is currently at a crucial support level of $0.383, after breaking out from an ascending triangle price action pattern.
With the recent ups and downs, along with significant volatility, DOGE has successfully retested the breakdown level and is currently receiving support.
Based on the recent price action and historical momentum, if DOGE fails to hold this support level and closes a daily candle below the $0.38 level, there is a strong possibility it could decline by 15% to reach the $0.31 level in the coming days.
However, DOGE’s Relative Strength Index (RSI) currently stands at 50, which is far from the overbought region, indicating a potential price reversal in the coming days.
83.68% DOGE Traders Holds Long Positions
Besides the bearish technical analysis, it appears that traders are the ones keeping DOGE at the $0.383 support level, as reported by the on-chain analytics firm Coinglass.
Data from the Binance DOGEUSDT Long/Short ratio currently stands at 5.13, indicating strong bullish market sentiment among traders.
Additionally, data reveals that currently, 83.68% of top Binance traders hold long positions, while 16.32% hold short positions.
When combining these on-chain metrics with the technical analysis, it appears that bulls are currently trying to keep the price above the crucial support level and prevent further price decline.
DOGE Current Price Momentum
At press time, DOGE is trading near $0.39 and has experienced a price decline of over 2.65% in the past 24 hours.
During the same period, its trading volume dropped by 26%, indicating lower participation from traders and investors as sentiment turns bearish.
#Dogecoin #Priceanalysis #Bitcoin #Memecoins #CryptoNews
Dogecoin (DOGE), the popular and largest crypto meme coin by market capitalization is poised for a price decline as sentiment begins to shift.
For the past few days, the overall cryptocurrency market has been quite confusing, raising concerns about whether the price will rally or decline.
However, at this moment it is unpredictable for forecasting price, although the DOGE daily chart has formed a bearish price action.
Dogecoin (DOGE) Technical Analysis and Upcoming Level
According to CoinPedia’s technical analysis, DOGE is currently at a crucial support level of $0.383, after breaking out from an ascending triangle price action pattern.
With the recent ups and downs, along with significant volatility, DOGE has successfully retested the breakdown level and is currently receiving support.
Based on the recent price action and historical momentum, if DOGE fails to hold this support level and closes a daily candle below the $0.38 level, there is a strong possibility it could decline by 15% to reach the $0.31 level in the coming days.
However, DOGE’s Relative Strength Index (RSI) currently stands at 50, which is far from the overbought region, indicating a potential price reversal in the coming days.
83.68% DOGE Traders Holds Long Positions
Besides the bearish technical analysis, it appears that traders are the ones keeping DOGE at the $0.383 support level, as reported by the on-chain analytics firm Coinglass.
Data from the Binance DOGEUSDT Long/Short ratio currently stands at 5.13, indicating strong bullish market sentiment among traders.
Additionally, data reveals that currently, 83.68% of top Binance traders hold long positions, while 16.32% hold short positions.
When combining these on-chain metrics with the technical analysis, it appears that bulls are currently trying to keep the price above the crucial support level and prevent further price decline.
DOGE Current Price Momentum
At press time, DOGE is trading near $0.39 and has experienced a price decline of over 2.65% in the past 24 hours.
During the same period, its trading volume dropped by 26%, indicating lower participation from traders and investors as sentiment turns bearish.
#Dogecoin #Priceanalysis #Bitcoin #Memecoins #CryptoNews
🧧Will Shiba Inu Price Hit 2021 Highs in October?📊📈🚀
$SHIB $SHIB 🧧🧧🧧
Shiba Inu Coin (SHIB) price, a popular meme coin, is anticipated to climb despite recent market setbacks. While the broader market undergoes minor corrections, Shiba Inu is making notable strides within the meme coin category, indicating robust growth trends. Such momentum is poised to benefit SHIB investors, as early signs of a market rebound are already visible.
Shiba Inu price would need to increase by 435% to return to its all-time high of $0.00008854, a level last seen in 2021. The recent market rally in September 2024 has given investors hope, as the Shiba Inu coin price saw a significant surge, nearly doubling in value alongside broader market gains.
In the past five weeks alone, The meme coin soared over 420%, briefly reigniting investor excitement before pulling back. With the current market rebound, SHIB could be set for another notable rally, making a repeat of such performance very possible. At the time of writing, the SHIB price hovered at $0.00001683, with a surge of 6%, indicating a bullish trend.
Furthermore, significant market movements attributed to a prominent cryptocurrency whale have been spotted. These individual transactions have become a focal point due to their potential impact on the prices of meme coins like Shiba Inu and Pepe.
Whether Shiba Inu will reach its 2021 high in October depends on several factors. Broader market trends and Bitcoin’s influence on meme coin prices play significant roles. SHIB needs a massive surge to match its all-time high. Such an increase requires sustained market momentum and positive developments within its ecosystem.
#shiba⚡ #priceanalysis #analysis
$SHIB $SHIB 🧧🧧🧧
Shiba Inu Coin (SHIB) price, a popular meme coin, is anticipated to climb despite recent market setbacks. While the broader market undergoes minor corrections, Shiba Inu is making notable strides within the meme coin category, indicating robust growth trends. Such momentum is poised to benefit SHIB investors, as early signs of a market rebound are already visible.
Shiba Inu price would need to increase by 435% to return to its all-time high of $0.00008854, a level last seen in 2021. The recent market rally in September 2024 has given investors hope, as the Shiba Inu coin price saw a significant surge, nearly doubling in value alongside broader market gains.
In the past five weeks alone, The meme coin soared over 420%, briefly reigniting investor excitement before pulling back. With the current market rebound, SHIB could be set for another notable rally, making a repeat of such performance very possible. At the time of writing, the SHIB price hovered at $0.00001683, with a surge of 6%, indicating a bullish trend.
Furthermore, significant market movements attributed to a prominent cryptocurrency whale have been spotted. These individual transactions have become a focal point due to their potential impact on the prices of meme coins like Shiba Inu and Pepe.
Whether Shiba Inu will reach its 2021 high in October depends on several factors. Broader market trends and Bitcoin’s influence on meme coin prices play significant roles. SHIB needs a massive surge to match its all-time high. Such an increase requires sustained market momentum and positive developments within its ecosystem.
#shiba⚡ #priceanalysis #analysis
👉$BTC What Happens Next in Bitcoin? 📈
🟢👉Get Your Free reward
🛑📢Leading cryptocurrency analyst Peter Brandt shared his technical analysis of Bitcoin's (BTC) short-term price outlook, while re-easerting his long-term bull stance on the world's largest crypto asset.
🛑📢In a series of tweets, Brandt pointed out that a head and shoulder (H&S) peak pattern was formed on Bitcoin's Factor Real Range chart, eliminating candlesticks or shadow candlesticks.
🛑He warned that H&S patterns are overestimating or unable to meet their generally projected downside targets.
Factor Real Range is a type of chart that eliminates wicks or shadows on candlesticks.
🔥Normally, candlestick charts contain wicks that show the entire price range for that period, with fine lines that run above and below the actual opening and closing prices.
✨The Factor Real Range chart only shows the actual body of the candlestick, ignoring the wicks. Some analysts believe this eliminates the noise and volatility represented by the suppositories, giving a cleaner look.
📉👉Based on this pattern, Brandt sees the potential for a correction from the middle to the top of the $50,000 level. According to the analyst, this will retest the upper limit of Bitcoin's ascending channel on Feb. 26/27.
💫🛑However, the experienced analyst stated that this is 'not a prediction' and that investors should make decisions at their own risk.
💰💥He also stated that if Bitcoin regains the $69,000 level, the H&S hill will be cancelled.
🛑📢When asked whether rising interest rates would affect Bitcoin's bull outlook, Brandt suggested that interest rate increases could only have a limited impact on Bitcoin's trajectory in the long run, saying that “Bitcoin's core power is the final destruction of fiat currencies.”
DYOR $BTC
#HotTrends #BTC #priceanalysis #BTC #BTChallenge #btc.72.000✅
🟢👉Get Your Free reward
🛑📢Leading cryptocurrency analyst Peter Brandt shared his technical analysis of Bitcoin's (BTC) short-term price outlook, while re-easerting his long-term bull stance on the world's largest crypto asset.
🛑📢In a series of tweets, Brandt pointed out that a head and shoulder (H&S) peak pattern was formed on Bitcoin's Factor Real Range chart, eliminating candlesticks or shadow candlesticks.
🛑He warned that H&S patterns are overestimating or unable to meet their generally projected downside targets.
Factor Real Range is a type of chart that eliminates wicks or shadows on candlesticks.
🔥Normally, candlestick charts contain wicks that show the entire price range for that period, with fine lines that run above and below the actual opening and closing prices.
✨The Factor Real Range chart only shows the actual body of the candlestick, ignoring the wicks. Some analysts believe this eliminates the noise and volatility represented by the suppositories, giving a cleaner look.
📉👉Based on this pattern, Brandt sees the potential for a correction from the middle to the top of the $50,000 level. According to the analyst, this will retest the upper limit of Bitcoin's ascending channel on Feb. 26/27.
💫🛑However, the experienced analyst stated that this is 'not a prediction' and that investors should make decisions at their own risk.
💰💥He also stated that if Bitcoin regains the $69,000 level, the H&S hill will be cancelled.
🛑📢When asked whether rising interest rates would affect Bitcoin's bull outlook, Brandt suggested that interest rate increases could only have a limited impact on Bitcoin's trajectory in the long run, saying that “Bitcoin's core power is the final destruction of fiat currencies.”
DYOR $BTC
#HotTrends #BTC #priceanalysis #BTC #BTChallenge #btc.72.000✅
Is $1 SHIB Price Possible in the Next 90 Days? 🔎
$SHIB
Shiba Inu (SHIB) price is showing promising signs of recovery as the market rebounds. With the broader cryptocurrency market regaining momentum, SHIB has emerged as a standout in the meme coin sector, demonstrating notable growth potential.
A continued rise in the BTC price might provide the boost needed for tokens like SHIB to revisit their previous highs. Positive sentiment in the overall crypto market could drive SHIB to substantial gains.
Additionally, surges across other top cryptocurrencies like SO, BNB, XRP, and Cardano might create favorable conditions for SHIB to target the elusive $1 mark, a milestone that would mark an incredible achievement for the token.
Shiba Inu Coin is buzzing with increased ecosystem activity, sparking renewed excitement in the crypto community. The recent launch of a dedicated Shiba Inu game has captured significant interest among enthusiasts.
Another notable trend involves the movements of a major cryptocurrency whale whose large transactions have drawn considerable attention. These whale activities are crucial due to their potential influence on the value of meme coins like DOGE, POPCAT, BONK, and Pepe. Investors are watching closely, anticipating what these transactions could mean for SHIB’s price trajectory.
Shiba Inu price prediction shows potential for a strong upward movement driven by ecosystem developments, strategic burns, and increased whale activity. With favorable market conditions and sustained investor optimism, SHIB could eye the $1 level. The token’s recent advancements and growing adoption could be key catalysts for this ambitious price target
shiba ⚡️ #SHIBAUSDT #priceanalysis
$SHIB
Shiba Inu (SHIB) price is showing promising signs of recovery as the market rebounds. With the broader cryptocurrency market regaining momentum, SHIB has emerged as a standout in the meme coin sector, demonstrating notable growth potential.
A continued rise in the BTC price might provide the boost needed for tokens like SHIB to revisit their previous highs. Positive sentiment in the overall crypto market could drive SHIB to substantial gains.
Additionally, surges across other top cryptocurrencies like SO, BNB, XRP, and Cardano might create favorable conditions for SHIB to target the elusive $1 mark, a milestone that would mark an incredible achievement for the token.
Shiba Inu Coin is buzzing with increased ecosystem activity, sparking renewed excitement in the crypto community. The recent launch of a dedicated Shiba Inu game has captured significant interest among enthusiasts.
Another notable trend involves the movements of a major cryptocurrency whale whose large transactions have drawn considerable attention. These whale activities are crucial due to their potential influence on the value of meme coins like DOGE, POPCAT, BONK, and Pepe. Investors are watching closely, anticipating what these transactions could mean for SHIB’s price trajectory.
Shiba Inu price prediction shows potential for a strong upward movement driven by ecosystem developments, strategic burns, and increased whale activity. With favorable market conditions and sustained investor optimism, SHIB could eye the $1 level. The token’s recent advancements and growing adoption could be key catalysts for this ambitious price target
shiba ⚡️ #SHIBAUSDT #priceanalysis
Can Dogecoin Price Double Amid Musk-Swift Spat?
$DOGE 🧧🧧
Dogecoin price has been displaying bullish trends lately despite the entire market struggling to get back on its feet, and many are wondering how soon Bitcoin price could resume its rally. This comes amid a high-profile social media exchange between Elon Musk and Taylor Swift has sparked renewed speculation.
Nevertheless, investors remain optimistic as DOGE price hints at the potential to surge by 113% over the coming days, but there’s a catch.
While the long-term projection is bullish for Dogecoin, in the short term, there is a chance that the price will drop 6% to $0.092 before shooting for higher levels. On the 4-hour chart, Dogecoin price trended inside a falling channel and had an aggressive breakout on September 10. Technically, breakout confirmations are usually accompanied by retests; otherwise, they risk becoming fake-outs.
This sentiment, further echoed by the data from Coinglass, shows an imbalance between the DOGE Longs and Shorts. On the daily timeframe, there is an overwhelming amount of Shorts, which means the market is overall bearish on that timeframe, expecting the price to drop lower, However, the weekly timeframe shows there are more Longs than Shorts, the imbalance suggesting that bullish sentiment is dominating the market since traders expect the Dogecoin price to rise in the long term.
The Dogecoin price is in a falling wedge pattern on the daily time frame, commonly known for resolving to the upside. The pattern has spanned six months, meaning the breakout could be significant, potentially larger than the anticipated 113% increase.
DOGE price will likely experience resistance around $0.115 and $0.138 on its way up. Beyond that, Dogecoin may target $0.17 and eventually $0.21 before surging to new yearly highs.
On the flip side, if bears prevail, Dogecoin price prediction shows the meme coin might lose the current support at $0.092 and drop lower to test $0.08 and $0.07 supports.
#doge⚡ #priceanalysis #ANALYSIS
$DOGE 🧧🧧
Dogecoin price has been displaying bullish trends lately despite the entire market struggling to get back on its feet, and many are wondering how soon Bitcoin price could resume its rally. This comes amid a high-profile social media exchange between Elon Musk and Taylor Swift has sparked renewed speculation.
Nevertheless, investors remain optimistic as DOGE price hints at the potential to surge by 113% over the coming days, but there’s a catch.
While the long-term projection is bullish for Dogecoin, in the short term, there is a chance that the price will drop 6% to $0.092 before shooting for higher levels. On the 4-hour chart, Dogecoin price trended inside a falling channel and had an aggressive breakout on September 10. Technically, breakout confirmations are usually accompanied by retests; otherwise, they risk becoming fake-outs.
This sentiment, further echoed by the data from Coinglass, shows an imbalance between the DOGE Longs and Shorts. On the daily timeframe, there is an overwhelming amount of Shorts, which means the market is overall bearish on that timeframe, expecting the price to drop lower, However, the weekly timeframe shows there are more Longs than Shorts, the imbalance suggesting that bullish sentiment is dominating the market since traders expect the Dogecoin price to rise in the long term.
The Dogecoin price is in a falling wedge pattern on the daily time frame, commonly known for resolving to the upside. The pattern has spanned six months, meaning the breakout could be significant, potentially larger than the anticipated 113% increase.
DOGE price will likely experience resistance around $0.115 and $0.138 on its way up. Beyond that, Dogecoin may target $0.17 and eventually $0.21 before surging to new yearly highs.
On the flip side, if bears prevail, Dogecoin price prediction shows the meme coin might lose the current support at $0.092 and drop lower to test $0.08 and $0.07 supports.
#doge⚡ #priceanalysis #ANALYSIS
What Happens Next in Bitcoin? 📈
Leading cryptocurrency analyst Peter Brandt shared his technical analysis of Bitcoin's (BTC) short-term price outlook, while re-easerting his long-term bull stance on the world's largest crypto asset.
In a series of tweets, Brandt pointed out that a head and shoulder (H&S) peak pattern was formed on Bitcoin's Factor Real Range chart, eliminating candlesticks or shadow candlesticks. He warned that H&S patterns are overestimating or unable to meet their generally projected downside targets.
Factor Real Range is a type of chart that eliminates wicks or shadows on candlesticks. Normally, candlestick charts contain wicks that show the entire price range for that period, with fine lines that run above and below the actual opening and closing prices.
The Factor Real Range chart only shows the actual body of the candlestick, ignoring the wicks. Some analysts believe this eliminates the noise and volatility represented by the suppositories, giving a cleaner look.
Based on this pattern, Brandt sees the potential for a correction from the middle to the top of the $50,000 level. According to the analyst, this will retest the upper limit of Bitcoin's ascending channel on Feb. 26/27.
However, the experienced analyst stated that this is 'not a prediction' and that investors should make decisions at their own risk. He also stated that if Bitcoin regains the $69,000 level, the H&S hill will be cancelled.
When asked whether rising interest rates would affect Bitcoin's bull outlook, Brandt suggested that interest rate increases could only have a limited impact on Bitcoin's trajectory in the long run, saying that “Bitcoin's core power is the final destruction of fiat currencies.” DYOR $BTC
#HotTrends #BTC #priceanalysis
Leading cryptocurrency analyst Peter Brandt shared his technical analysis of Bitcoin's (BTC) short-term price outlook, while re-easerting his long-term bull stance on the world's largest crypto asset.
In a series of tweets, Brandt pointed out that a head and shoulder (H&S) peak pattern was formed on Bitcoin's Factor Real Range chart, eliminating candlesticks or shadow candlesticks. He warned that H&S patterns are overestimating or unable to meet their generally projected downside targets.
Factor Real Range is a type of chart that eliminates wicks or shadows on candlesticks. Normally, candlestick charts contain wicks that show the entire price range for that period, with fine lines that run above and below the actual opening and closing prices.
The Factor Real Range chart only shows the actual body of the candlestick, ignoring the wicks. Some analysts believe this eliminates the noise and volatility represented by the suppositories, giving a cleaner look.
Based on this pattern, Brandt sees the potential for a correction from the middle to the top of the $50,000 level. According to the analyst, this will retest the upper limit of Bitcoin's ascending channel on Feb. 26/27.
However, the experienced analyst stated that this is 'not a prediction' and that investors should make decisions at their own risk. He also stated that if Bitcoin regains the $69,000 level, the H&S hill will be cancelled.
When asked whether rising interest rates would affect Bitcoin's bull outlook, Brandt suggested that interest rate increases could only have a limited impact on Bitcoin's trajectory in the long run, saying that “Bitcoin's core power is the final destruction of fiat currencies.” DYOR $BTC
#HotTrends #BTC #priceanalysis