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AVAX is consolidating near the recent 150% rally's high.
The price is trading inside December 12th's bullish daily gap, which could offer support. However, Sunday's low at $48.099 will likely become a swing low on Tuesday, attracting bulls' stops. The price might attack these stops as traders "sell the news", testing more substantial support in December 11th's bullish daily gap.
A crash through this support may attack bulls' stops under December 9th's swing low at $40.451 and November 24th and 26th's swing lows near $38.370. Under these lows, November 18th's bullish weekly gap at $38.510 confluences with November 22nd's bullish daily gap, creating possible support.
If the price rallies from support, bears will create resistance at $53.169, December 12th's bearish daily rejection, to defend their stops above December 4th and December 12th's relatively equal daily swing highs near $55.813.
A push through these highs might continue to sweep bears' stops above March 26th's swing high at $59.290. This high is inside the lower half of March 18th's wick, near where bears rejected bulls during the week of March 11th at $58.370. This confluence may create higher timeframe resistance.
The price is trading inside December 12th's bullish daily gap, which could offer support. However, Sunday's low at $48.099 will likely become a swing low on Tuesday, attracting bulls' stops. The price might attack these stops as traders "sell the news", testing more substantial support in December 11th's bullish daily gap.
A crash through this support may attack bulls' stops under December 9th's swing low at $40.451 and November 24th and 26th's swing lows near $38.370. Under these lows, November 18th's bullish weekly gap at $38.510 confluences with November 22nd's bullish daily gap, creating possible support.
If the price rallies from support, bears will create resistance at $53.169, December 12th's bearish daily rejection, to defend their stops above December 4th and December 12th's relatively equal daily swing highs near $55.813.
A push through these highs might continue to sweep bears' stops above March 26th's swing high at $59.290. This high is inside the lower half of March 18th's wick, near where bears rejected bulls during the week of March 11th at $58.370. This confluence may create higher timeframe resistance.
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Bitcoin's Bearish Blues: Unraveling the Price Plunge
Bitcoin's Bearish Blues: Unraveling the Price Plunge
Bitcoin, the digital currency pioneer, has been experiencing a significant downturn. This article delves into the key factors contributing to this price decline and its implications for the cryptocurrency market.
Macroeconomic Headwinds
* Interest Rate Hikes: Central banks worldwide, including the Federal Reserve, have implemented aggressive interest rate hikes to combat inflation. This has led to a risk-off sentiment among investors, as they
Bitcoin, the digital currency pioneer, has been experiencing a significant downturn. This article delves into the key factors contributing to this price decline and its implications for the cryptocurrency market.
Macroeconomic Headwinds
* Interest Rate Hikes: Central banks worldwide, including the Federal Reserve, have implemented aggressive interest rate hikes to combat inflation. This has led to a risk-off sentiment among investors, as they
In Kyiv, a tragic incident involving a foreign national has shocked the community. Four men abducted a 29-year-old foreigner from his residence in the Solomensky district, taking him to an abandoned building. There, they forced him to transfer bitcoins valued at approximately 7 million hryvnia (over $170,000) to their crypto wallet before strangling him.
The perpetrators then transported his body to a forest and buried it. This heinous crime appears to have been meticulously planned, motivated by the significant value of the bitcoins involved.
Currently, all suspects have been apprehended and are facing charges that could lead to life imprisonment. This case underscores the severe risks associated with handling large amounts of cryptocurrency and highlights the importance of security measures in such transactions.$BTC $ETH $SOL
The perpetrators then transported his body to a forest and buried it. This heinous crime appears to have been meticulously planned, motivated by the significant value of the bitcoins involved.
Currently, all suspects have been apprehended and are facing charges that could lead to life imprisonment. This case underscores the severe risks associated with handling large amounts of cryptocurrency and highlights the importance of security measures in such transactions.$BTC $ETH $SOL