$BTC $XRP strong bearish downtrend confirmations. See 10 tre | XAKARiA on Binance Square

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$BTC $XRP strong bearish downtrend confirmations.See 10 trees hanging this on the top. It will fall to 0.8 to again rise. Otherwise it can never break $2 psychological resistance $BTC 

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BTC

100.866,48

+1.61%

XRP

2,4202

+0.88%

1

0

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#BitcoinHashRateSurge The seven day moving average of bitcoin's (BTC) hashrate has hit an all-time high of 703 exahashes per second (EH/s), the first time the network's hashrate has cracked 700 EH/s, according to Glassnode data. Hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, such as bitcoin. Bitcoin's hashrate has grown almost 13% since the halving event in April, when the total number of bitcoin produced per day was cut in half to 450 BTC

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According to Odaily, HODL15 Capital reports that more than 20 companies have a chance of being included in the Bitwise Bitcoin Standard Corporations ETF, with 30% of these being Bitcoin mining firms. Previously, it was announced that Bitwise has applied to the U.S. Securities and Exchange Commission (SEC) for the Bitcoin Standard Corporations ETF. This fund aims to invest in the stocks of companies that adopt the Bitcoin standard, requiring them to hold at least 1,000 BTC in their reserves. #BitwiseBitcoinETF

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#ReboundRally **Breaking: $XRP Short Position Liquidated for $120K at $2.322** A massive short position worth $120K was liquidated at $2.322, highlighting the intense bullish momentum behind $XRP. This liquidation adds to the pressure on bearish traders as $XRP inches closer to a potential breakout. The market is buzzing, and traders are gearing up for the next significant move. ### Key Details: - **Liquidation Price**: $2.322 - **Liquidated Amount**: $120K - **Market Sentiment**: Strong bullish momentum ### What’s Happening? This large liquidation suggests a short squeeze in play, forcing bearish traders to cover their positions, further fueling the rally. $XRP is now approaching a critical psychological level at $2.35. Breaking this barrier could unlock further upside potential. ### What’s Next? 1. **For Long Traders**: - Hold positions, but consider using trailing stops to lock in profits. - Monitor for a breakout above $2.35 to confirm continued bullish momentum. 2. **For Short Sellers**: - Avoid shorting until a clear rejection happens around $2.35-$2.40. - Consider re-entering after a pullback near $2.30 or lower. 3. **For New Traders**: - Look for buy entries above $2.35 as confirmation of strength. - Alternatively, wait for a pullback to the $2.30-$2.25 range to reduce risk. ### Final Thoughts: The $120K liquidation highlights the growing strength of $XRP. Will bulls push through $2.35 and continue the rally, or will bears regroup and halt the momentum? The next few moves could be crucial. What’s your strategy? Share your thoughts below

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#ReboundRally hmx

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#CryptoUsersHit18M Bitcoin Price Alert!!! As i have mentioned on my previous post that btc make little bit correction and then start bullrun again, this rally may continue till 22nd - 23rd December, as per historical data crypto market is in really bullish momentum, CryptoChan, an on-chain analyst, observed that the MVRV (market capitalization to realized value) indicator for short-term Bitcoin holders has climbed to a key area, highly similar to the performance before the bull market started at the end of 2020. This indicator has been verified multiple times in history as an important leading signal in the early stages of the bull market.

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