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#Write2earn #BITCOIN ’S STABILITY AMIDST DECLINING INTEREST: INSIGHTS AND POTENTIAL CATALYSTS #BTC #BitcoinAnalysis #MarketAnalysis $BTC Over the past week, bitcoin has been on a bit of a downward slide, with its price hovering around $62,950 to $6,152 per unit as of April 28. Despite this dip, the Crypto Fear and Greed Index is still firmly in the "greed" zone. Interest in bitcoin seems to be fading, according to Google Trends, while Santiment, a market intelligence firm, notes an increase in signals indicating it might be a good time to sell BTC. Bitcoin has managed to stay above the $60,000 mark for quite a while now, a streak lasting about 58 days. However, despite this stability, interest in bitcoin seems to be waning, as shown by Google Trends data, which indicates a decline in searches for "bitcoin" from a peak of 80 out of 100 on April 19 to a current score of 30. This decline in interest seems to have started around April 21, based on Google Trends data for the past 90 days. Nevertheless, people are still curious about bitcoin's potential for reaching new price highs, as seen in related searches like "bitcoin all-time high" and "ATH bitcoin." On Friday, Santiment noted a significant uptick in "sell calls" on social media, suggesting a growing sentiment to offload BTC. Santiment observed, "Bitcoin’s price dropping as low as $63.4K has crypto traders spooked, as buy calls across social media are low and sell calls are peeking in at an increased rate." They also mentioned that when such fear starts to creep in, there's a higher chance of the market bouncing back. On a brighter note, QCP Capital's weekend brief mentions a potential boost in interest when Hong Kong's spot bitcoin and ethereum exchange-traded funds (ETFs) launch next week. "There is a potentially positive catalyst next week as the [Hong Kong bitcoin and ethereum] spot ETFs begin trading," QCP Capital said. "Interest is growing in what could be a gateway for the inflow of Asian institutional capital."

#Write2earn #BITCOIN ’S STABILITY AMIDST DECLINING INTEREST: INSIGHTS AND POTENTIAL CATALYSTS #BTC #BitcoinAnalysis #MarketAnalysis $BTC

Over the past week, bitcoin has been on a bit of a downward slide, with its price hovering around $62,950 to $6,152 per unit as of April 28. Despite this dip, the Crypto Fear and Greed Index is still firmly in the "greed" zone.

Interest in bitcoin seems to be fading, according to Google Trends, while Santiment, a market intelligence firm, notes an increase in signals indicating it might be a good time to sell BTC.

Bitcoin has managed to stay above the $60,000 mark for quite a while now, a streak lasting about 58 days. However, despite this stability, interest in bitcoin seems to be waning, as shown by Google Trends data, which indicates a decline in searches for "bitcoin" from a peak of 80 out of 100 on April 19 to a current score of 30.

This decline in interest seems to have started around April 21, based on Google Trends data for the past 90 days.

Nevertheless, people are still curious about bitcoin's potential for reaching new price highs, as seen in related searches like "bitcoin all-time high" and "ATH bitcoin." On Friday, Santiment noted a significant uptick in "sell calls" on social media, suggesting a growing sentiment to offload BTC.

Santiment observed, "Bitcoin’s price dropping as low as $63.4K has crypto traders spooked, as buy calls across social media are low and sell calls are peeking in at an increased rate." They also mentioned that when such fear starts to creep in, there's a higher chance of the market bouncing back.

On a brighter note, QCP Capital's weekend brief mentions a potential boost in interest when Hong Kong's spot bitcoin and ethereum exchange-traded funds (ETFs) launch next week. "There is a potentially positive catalyst next week as the [Hong Kong bitcoin and ethereum] spot ETFs begin trading," QCP Capital said. "Interest is growing in what could be a gateway for the inflow of Asian institutional capital."

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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#Write2earn #CRYPTO MARKET FACES REGULATORY HURDLES: #ANALYSIS & INSIGHTS #sec #GENSLER $BTC $ETH The crypto market faces another setback as trading volume hits its lowest point in weeks, plunging to $63.63 billion. This decline, down by 17% in just a day, drags the overall market cap to $2.3 trillion, while the fear and greed index shifts away from bullish sentiments. Major cryptocurrencies like Bitcoin and Ethereum see price declines, with Bitcoin trading at $62,309.95 after a 2% drop, and Ethereum at $2,999.41 following a 2.2% fall, exerting downward pressure on other cryptocurrencies. Fresh regulatory concerns and decreased Bitcoin Futures ETF and exchange inflows contribute to today's market decline. The SEC's Wells notice to Robinhood and sustained Bitcoin ETF outflows impact investor sentiment. Ethereum, however, sees a break in outflow trends, with $30 million in inflows within a week of Hong Kong ETFs' launch. Bitcoin exchange inflows hit a decade-low, indicating long-term holders' reluctance to distribute, possibly signaling an accumulation phase. Analysts speculate Bitcoin may dip below $50,000 before resuming its climb to new highs.
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#Write2earn #Bitcoin Faces Resistance at $65,500: Technical Analysis Update #BitcoinAnalysis #BTC $BTC Bitcoin's attempt to surpass the $65,500 resistance has hit a snag, leading to a downward trend with several indicators pointing towards a bearish outlook under the $63,500 threshold. Initially showing promise, Bitcoin underwent a corrective downturn, slipping beneath $63,500 and the 100-hourly Simple Moving Average. Notably, a significant bullish trend line at $63,700 was breached on the BTC/USD hourly chart from Kraken's data feed, signaling potential for further losses, possibly revisiting the $60,000 support area in the short term. Bitcoin's price climb above $64,500 encountered resistance near $65,500, culminating in a peak at $65,550 before corrective movements ensued. The subsequent dip saw the price slide below $64,000, breaching the 23.6% Fibonacci retracement level from its recent surge. Additionally, the breakdown shattered a key bullish trend line, indicating a challenging path ahead. Presently, Bitcoin finds itself trading below $63,500 and its 100-hourly Simple Moving Average, with immediate resistance anticipated near $63,350 and subsequent hurdles at $64,000 and $65,000. However, the primary obstacle remains at $65,500, a breakthrough of which could fuel further upward momentum, possibly targeting $66,650 and even $68,000. Should Bitcoin falter to surpass the $63,500 resistance, a continuation of the downward trajectory seems likely, with initial support lying around $62,000. Deeper losses could test the $61,000 mark, followed by a potential descent towards $60,000, with further downside pressure possibly pushing towards the $58,000 support zone. Technical analysis reveals the hourly MACD gaining momentum in the bearish territory, while the Relative Strength Index (RSI) for BTC/USD has dipped below the 50 level. Key Support Levels: $62,000, $60,000 Key Resistance Levels: $63,500, $64,000, $65,500
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#Write2earn #Bitcoin Eyes $67,000 Resistance Amidst Bullish Reversal #BitcoinPriceAnalysis #BullishMay #BTC🔥🔥🔥🔥🔥 $BTC Bitcoin has recently broken its downtrend and is eyeing the challenge of surpassing resistance at $64,000. If this current upward momentum persists and the breakthrough occurs, the next target for Bitcoin could be $67,000. The risk of Bitcoin losing its bullish trend line seems to have diminished, at least for the time being. The possibility of a continuation of the rally from the recent low of $56,600 remains viable. However, the medium-term outlook remains uncertain, with the potential outcomes ranging from a return to previous highs, a prolonged period of sideways movement, or merely a temporary bounce before revisiting lower levels. At the $63,000 level, Bitcoin has found new support, especially evident on the shorter 4-hourly time frame. A successful retest of the downward trend line indicates a favorable outlook for further upward movement, with $67,000 presenting a significant target for this upward push. Yet, breaking through the $66,000 resistance may prove challenging. On the weekly time frame, Bitcoin appears to be holding firm at the $63,000 support level, reinforced by a substantial wick down to $56,800. Moreover, the resistance around $66,000 aligns with the weekly candle close during the peak of the 2021 bull market, suggesting formidable resistance. However, concerns arise when examining the 2-monthly chart, which paints a less optimistic picture for Bitcoin's future. The previous 2-month candle closed below the $61,000 resistance, accompanied by a towering wick above it, indicating significant selling pressure that pushed the price below resistance. Despite these bearish signals, the ongoing short-term rally on the weekly time frame persists. It remains to be seen how far Bitcoin's price can climb before the impact of the concerning candle pattern fully manifests in the current bull market.
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#Write2earn #Jupiter #DEX Integrates Clone Protocol: Simplifying Non-Native Asset Trading on Solana #Solanaecosystem #solana $JUP Using the Clone Protocol, traders now have the ability to exchange non-native assets on Solana without resorting to bridges. Jupiter, Solana's leading decentralized exchange (DEX) aggregator by 24-hour trading volume, announced today its integration of the Clone Protocol, facilitating the trading of non-native Solana tokens. Now, users can easily trade assets like Dogecoin, Arbitrum, Optimism, SUI, or BNB without the need for bridging, with additional assets slated for inclusion in the near future. A post by the Clone Protocol suggests that soon, the entirety of the crypto market will be accessible on Solana. This integration eliminates the necessity for bridging services, as users can directly utilize the Clone Protocol, which employs clAssets as wrapped versions of tokens from other chains, designed to mirror the price movements of their original counterparts. Following today's integration, Jupiter's native JUP token experienced a 5% surge to $1.12, with a market capitalization just over $1.5 billion. Despite this increase, it remains 44% below its peak of $2 on January 31st. The integration aims to bolster the Jupiter exchange's reach, already demonstrating significant success within the Solana network. According to DefiLlama, Jupiter leads DEX aggregators with a 24-hour trading volume of $800 million, followed by DODO with $152 million and 1inch with $139 million. Jupiter's website highlights substantial trading volumes, with over $174 billion traded to date. While impressive, this activity has seen a decline since its peak in February, with April recording only $5 billion in trades compared to February's $47 billion and March's $35 billion. Although Clone Protocol currently exhibits modest metrics according to DefiLlama, with a total value locked (TVL) of approximately $670,000, its integration into the Jupiter ecosystem is poised to drive significant growth.
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#Write2earn #Polkadot #DOT PRICE ANALYSIS: HOLDING STRONG ABOVE $7 AMIDST MARKET FLUCTUATIONS #Altcoins #Dot........ $DOT Polkadot (DOT) has experienced a slight 4% dip in its price within the last 24 hours. Nevertheless, despite this decline, DOT has managed to maintain its position above the critical $7 mark. Over the past week, despite the recent downturn, DOT has surged by nearly 9%, prompting analysts to forecast a significant price surge in the near term. Polkadot (DOT) Holds Firm at $7 DOT has witnessed significant activity since April 30th, when its price plummeted to $6.06 during a highly volatile trading session. However, DOT bounced back, reclaiming its support level at $6.40 and closing the session at $6.42. Subsequently, DOT made a robust recovery, climbing by 7.48% to reach $6.90. Despite its efforts, DOT struggled to breach the $7 mark due to the 20-day SMA acting as formidable resistance. Yet, on Thursday, DOT successfully surpassed both the 20-day SMA and the 200-day SMA, reaching $7.29 as buyers drove the price higher. In the following sessions, DOT experienced slight declines of 0.55% and 1.66%, slipping back below the 200-day SMA. Nonetheless, it managed to hold above $7, settling at $7.13. Sunday saw a resurgence in buyer activity, pushing DOT up by 2.52% to $7.31. Despite this positive movement, the start of the current week saw DOT back in the red, dropping to $7.13 and falling below the 200-day SMA. However, with the 20-day SMA providing strong support at $7, DOT has regained momentum during the current session and is presently trading at $7.17. What Lies Ahead for Polkadot (DOT)? Looking ahead, the 20-day SMA serves as robust support at $7, attracting buyers to the market. In the immediate term, DOT faces resistance at $7.24, attributed to the 200-day SMA. Any substantial upward movement would necessitate breaking through this resistance level first. If DOT manages to surpass the 200-day SMA, it could test resistance at $8.
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