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Bitcoin ETFs Could Come Soon as SEC Declines to Challenge Court Loss
The Securities and Exchange Commission doesn’t plan to challenge a major court loss against Grayscale Investments, according to a person familiar with the matter, bringing closer the possibility of the first Bitcoin exchange-traded fund.
#BTC #BinanceSquare #Binance
The Securities and Exchange Commission doesn’t plan to challenge a major court loss against Grayscale Investments, according to a person familiar with the matter, bringing closer the possibility of the first Bitcoin exchange-traded fund.
#BTC #BinanceSquare #Binance
Stay with #btc
$70000 is the upcoming wave. 🔥
$70000 is the upcoming wave. 🔥
koinmilyoner
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Bitcoin's Future: $70,000 and Up? This 'Head and Shoulders' Formation and Its Meaning, as Illustrate
#bitcoin , the dominant digital asset in terms of market capitalization and acceptance, has recently exhibited noteworthy fluctuations in its price chart, prompting conjecture and prognostications over its future direction.
The individual recognised as Mags on the X platform, previously referred to as Twitter, and acknowledged for their expertise in cryptocurrency trading, has lately presented an analysis about Bitcoin. This analysis posits a notable impending increase in the price of Bitcoin.
Mags asserts that the attainment of a $70,000 valuation for Bitcoin is a plausible outcome. The basis for his deduction arises from the observation of an inverted 'Head and Shoulders' pattern on the price chart of Bitcoin. Significantly, this instrument serves as a predictive mechanism within the field of technical analysis, offering insights into probable price reversals by analysing past moves.
Mags emphasised that the present price of Bitcoin is situated at the "neckline" of the aforementioned pattern. If the observed pattern persists and Bitcoin surpasses the neckline level, it may serve as a positive indicator for the primary cryptocurrency.
Diverse Responses Within the Community
Sergey Stolyarov, a user on X platform, conveyed a sense of doubt regarding the perceived importance of the mentioned pattern. According to Stolyarov, the observed pattern cannot be classified as a 'Head and Shoulders' due to its structure and structural characteristics.
Stolyarov also asserted that these formations exhibit a pervasive presence in volatile markets, since they can be identified across many timeframes and sections of the Bitcoin chart.
A other user expressed a critique of Mag's analysis of Bitcoin's price chart, highlighting the presence of an authentic "Head and Shoulders" pattern on the standard chart, which forecasts a forthcoming decrease in price to 20,000. The user made an observation.
No, it is worth noting that Bitcoin exhibited a head and shoulders pattern on the non-inverted chart. However, it appears that your analysis may have been influenced by bias, since you selectively focused on a less significant head and shoulders pattern on the inverted Bitcoin chart. Additionally, the object in question has considerable dimensions and indicates a projected goal of 20,000 units in the near future.
Nevertheless, while a portion of the users aligned themselves with Mags, another faction adopted a more discerning perspective. Resham Singh, a fellow participant of the X platform, expressed admiration for Mags' analytical methodology, considering it to be highly commendable. Singh's apparent alignment with Mags' estimate suggests that the anticipated price shift would represent a significant milestone for Bitcoin.
The individual recognised as Mags on the X platform, previously referred to as Twitter, and acknowledged for their expertise in cryptocurrency trading, has lately presented an analysis about Bitcoin. This analysis posits a notable impending increase in the price of Bitcoin.
Mags asserts that the attainment of a $70,000 valuation for Bitcoin is a plausible outcome. The basis for his deduction arises from the observation of an inverted 'Head and Shoulders' pattern on the price chart of Bitcoin. Significantly, this instrument serves as a predictive mechanism within the field of technical analysis, offering insights into probable price reversals by analysing past moves.
Mags emphasised that the present price of Bitcoin is situated at the "neckline" of the aforementioned pattern. If the observed pattern persists and Bitcoin surpasses the neckline level, it may serve as a positive indicator for the primary cryptocurrency.
Diverse Responses Within the Community
Sergey Stolyarov, a user on X platform, conveyed a sense of doubt regarding the perceived importance of the mentioned pattern. According to Stolyarov, the observed pattern cannot be classified as a 'Head and Shoulders' due to its structure and structural characteristics.
Stolyarov also asserted that these formations exhibit a pervasive presence in volatile markets, since they can be identified across many timeframes and sections of the Bitcoin chart.
A other user expressed a critique of Mag's analysis of Bitcoin's price chart, highlighting the presence of an authentic "Head and Shoulders" pattern on the standard chart, which forecasts a forthcoming decrease in price to 20,000. The user made an observation.
No, it is worth noting that Bitcoin exhibited a head and shoulders pattern on the non-inverted chart. However, it appears that your analysis may have been influenced by bias, since you selectively focused on a less significant head and shoulders pattern on the inverted Bitcoin chart. Additionally, the object in question has considerable dimensions and indicates a projected goal of 20,000 units in the near future.
Nevertheless, while a portion of the users aligned themselves with Mags, another faction adopted a more discerning perspective. Resham Singh, a fellow participant of the X platform, expressed admiration for Mags' analytical methodology, considering it to be highly commendable. Singh's apparent alignment with Mags' estimate suggests that the anticipated price shift would represent a significant milestone for Bitcoin.
#BTC
There is a break through and the real wave is on the way. 💯💯💯
There is a break through and the real wave is on the way. 💯💯💯
Crypto Traders Arena
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Alcista
Btc | Prepared for both scenarios of long.1. If we break the 26 936 area with a fair value gap above the wick we will confirm a double bottom formation ( W ) and will trigger the longs. Will hunt an entry.2. If we Sweep the lows the I will look for a reclaim on 5' and hunt a PO3 setup. This can provide a Wyckoff Accumulation which will pump into 28 000 area.Also we can pump into 27 000 area and reject back inside the range.
Is Friday, usually not the best day for scalping and we have to preserve capital and only focus on confirmations and clean setups.
Is Friday, usually not the best day for scalping and we have to preserve capital and only focus on confirmations and clean setups.
The wave bigings #XRP
CryptoNewsLand
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Why Is the Crypto World Buzzing About XRP’s Potential $30.2 Peak?
Crypto analyst EGRAG predicts XRP could emulate Ethereum’s past 58x growth trajectory.
Ethereum surged from $80.9 to $4,700, a precedent XRP might follow, reaching a possible $30.2.
Despite skepticism within the XRP community, past trends show massive potential surges.
In the evolving world of cryptocurrencies, XRP is being heralded as the next big mover. Drawing insights from Ethereum’s historic growth, which saw a 58x rise even amidst its share of controversies, crypto expert EGRAG envisages XRP treading a similar path.
This bold prediction hasn’t come without its skeptics. Notably, some XRP aficionados are casting doubts on such ambitious forecasts, reflecting the array of opinions within the community.
#XRP 58X? Nahhhhhhhhhhhh, you're Delusional:Allow me to share some insight: In the previous cycle, #ETH achieved a 58X growth despite the controversies surrounding it. #XRP is poised to make a significant 58X leap, and this marks just the beginning. With legal clarity now in… pic.twitter.com/dlWAhlEjtK
— EGRAG CRYPTO (@egragcrypto) October 5, 2023
For context, Ethereum, after facing a steep decline in January 2018, managed to catapult its value from a mere $80.9 to an impressive $4,700 by November 2021. Using this as a benchmark, EGRAG theorizes that XRP, currently valued at $0.5215, could potentially soar to an astounding $30.2, far surpassing its previous peak.
Furthermore, XRP’s past paints an encouraging picture. From being priced at just $0.003 in January 2017, it made headlines by touching $3.317 within a year — a staggering 1,104x ascent.
However, while XRP’s legal clarity and historical feats set an optimistic tone, the unpredictable nature of cryptocurrencies advises caution.
XRP (Ripple) Price Prediction 2023 to 2031: Will XRP Price Hit 10X Soon?
Concluding, the future for Ripple and XRP in the crypto realm seems brimming with potential. With advancements in technology and a clearer regulatory environment, XRP might just be setting the stage for a monumental surge, making it a pivotal player in the cryptocurrency universe.
Read also:
Investor’s Contrarian Moves: From Bitcoin’s Peak to the Bottom and Back Again
Bitcoin on Alert: Meme Coin Frenzy Resembles Previous Market Peak
NFT Gaming’s Not Dead: 3 Games To Watch Out For This 2023
CZ Amid LUNA Crash: “Manage Your Risks. We Can Handle Ours”
Bitcoin Analyst Says Bull Run Will Be Followed by Harshest Bear Market
The post Why is the Crypto World Buzzing About XRP’s Potential $30.2 Peak? appeared first on Crypto News Land.
Ethereum surged from $80.9 to $4,700, a precedent XRP might follow, reaching a possible $30.2.
Despite skepticism within the XRP community, past trends show massive potential surges.
In the evolving world of cryptocurrencies, XRP is being heralded as the next big mover. Drawing insights from Ethereum’s historic growth, which saw a 58x rise even amidst its share of controversies, crypto expert EGRAG envisages XRP treading a similar path.
This bold prediction hasn’t come without its skeptics. Notably, some XRP aficionados are casting doubts on such ambitious forecasts, reflecting the array of opinions within the community.
#XRP 58X? Nahhhhhhhhhhhh, you're Delusional:Allow me to share some insight: In the previous cycle, #ETH achieved a 58X growth despite the controversies surrounding it. #XRP is poised to make a significant 58X leap, and this marks just the beginning. With legal clarity now in… pic.twitter.com/dlWAhlEjtK
— EGRAG CRYPTO (@egragcrypto) October 5, 2023
For context, Ethereum, after facing a steep decline in January 2018, managed to catapult its value from a mere $80.9 to an impressive $4,700 by November 2021. Using this as a benchmark, EGRAG theorizes that XRP, currently valued at $0.5215, could potentially soar to an astounding $30.2, far surpassing its previous peak.
Furthermore, XRP’s past paints an encouraging picture. From being priced at just $0.003 in January 2017, it made headlines by touching $3.317 within a year — a staggering 1,104x ascent.
However, while XRP’s legal clarity and historical feats set an optimistic tone, the unpredictable nature of cryptocurrencies advises caution.
XRP (Ripple) Price Prediction 2023 to 2031: Will XRP Price Hit 10X Soon?
Concluding, the future for Ripple and XRP in the crypto realm seems brimming with potential. With advancements in technology and a clearer regulatory environment, XRP might just be setting the stage for a monumental surge, making it a pivotal player in the cryptocurrency universe.
Read also:
Investor’s Contrarian Moves: From Bitcoin’s Peak to the Bottom and Back Again
Bitcoin on Alert: Meme Coin Frenzy Resembles Previous Market Peak
NFT Gaming’s Not Dead: 3 Games To Watch Out For This 2023
CZ Amid LUNA Crash: “Manage Your Risks. We Can Handle Ours”
Bitcoin Analyst Says Bull Run Will Be Followed by Harshest Bear Market
The post Why is the Crypto World Buzzing About XRP’s Potential $30.2 Peak? appeared first on Crypto News Land.
#usdr
The new coin will be on fire before 2024. 🔥🔥
The new coin will be on fire before 2024. 🔥🔥
Coinpedia
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Ripple News: How Low Can XRP Price Drop This Month?
The post Ripple News: How Low Can XRP Price Drop This Month? appeared first on Coinpedia Fintech News
The XRP market is buzzing with predictions, and everyone has their share of versions to convince naive investors. Recently, XRP slipped beneath the $0.49 mark for the second time this month, hitting a one-month low amidst a generally bearish market and heightened selling pressure.
The air above XRP’s current state stems from its bearish trend since it surged 5.21% on Oct. 3, following the latest ruling in the Ripple case. That day, Judge Analisa Torres denied the SEC’s motion for an interlocutory appeal on aspects of the July 13 ruling they lost.
Analyst Reviews XRP’s Bear Trapped Prices
Shedding some light into the scenario, Bill Morgan, a prominent pro-XRP lawyer, drew attention to this escalating bearish trend on Oct. 9. At that time, XRP was still holding above $0.50, but a gradual decline was evident.
Since the increase on Oct. 3, XRP has seen seven losses out of eight days, marking a decline of over 9.7%. XRP is trading at $0.4898, reflecting a 1.45% drop over the past 24 hours. The 24-hour trade volume has fallen by 29.28%, indicating reduced interest among traders.
XRP has now almost entirely lost the the gains from the recent Torres decision on the SEC’s motion for an interlocutory appeal as it previously almost entirely lost the gains from the summary judgment decision in July pic.twitter.com/Zloa3bcPMD
— bill morgan (@Belisarius2020) October 9, 2023
Understanding the XRP Decline
Since many are betting on XRP to reach a new ATH anytime soon, this bearish outlook catches everyone’s attention. So what’s pulling the 5th largest crypto asset? Firstly, a broader bearish sentiment has impacted the entire crypto market. Significant crypto assets like Bitcoin and Ethereum have suffered losses over the past week due to decreased buying pressure.
The global crypto market cap reached a two-month high on Oct. 2 and has since dropped by $70 billion, representing a 6.25% decline in just one week. These declines have had a spill-over effect, affecting assets like XRP.
Next up is the Israel-Palestine situation, which has also played a role in driving investors away from riskier assets like cryptocurrencies. Heightened tensions have led market participants to consider potential economic repercussions, prompting a move away from risk assets to hedge against potential crashes.
Finally, significant movements of funds by large holders to exchanges, including a transfer of 61 million XRP to Bitstamp, have raised concerns about further selloffs. Ripple moved 60 million XRP recently, contributing to the downward pressure on XRP’s price.
What’s Next in XRP Price?
In the coming days, all eyes are on XRP as it teeters on a retest of the 0.45 mark, igniting excitement about a potential visit to the pivotal support at 0.41. The Ripple community braces for an exciting few weeks ahead, poised for whatever twists and turns may come its way!
The XRP market is buzzing with predictions, and everyone has their share of versions to convince naive investors. Recently, XRP slipped beneath the $0.49 mark for the second time this month, hitting a one-month low amidst a generally bearish market and heightened selling pressure.
The air above XRP’s current state stems from its bearish trend since it surged 5.21% on Oct. 3, following the latest ruling in the Ripple case. That day, Judge Analisa Torres denied the SEC’s motion for an interlocutory appeal on aspects of the July 13 ruling they lost.
Analyst Reviews XRP’s Bear Trapped Prices
Shedding some light into the scenario, Bill Morgan, a prominent pro-XRP lawyer, drew attention to this escalating bearish trend on Oct. 9. At that time, XRP was still holding above $0.50, but a gradual decline was evident.
Since the increase on Oct. 3, XRP has seen seven losses out of eight days, marking a decline of over 9.7%. XRP is trading at $0.4898, reflecting a 1.45% drop over the past 24 hours. The 24-hour trade volume has fallen by 29.28%, indicating reduced interest among traders.
XRP has now almost entirely lost the the gains from the recent Torres decision on the SEC’s motion for an interlocutory appeal as it previously almost entirely lost the gains from the summary judgment decision in July pic.twitter.com/Zloa3bcPMD
— bill morgan (@Belisarius2020) October 9, 2023
Understanding the XRP Decline
Since many are betting on XRP to reach a new ATH anytime soon, this bearish outlook catches everyone’s attention. So what’s pulling the 5th largest crypto asset? Firstly, a broader bearish sentiment has impacted the entire crypto market. Significant crypto assets like Bitcoin and Ethereum have suffered losses over the past week due to decreased buying pressure.
The global crypto market cap reached a two-month high on Oct. 2 and has since dropped by $70 billion, representing a 6.25% decline in just one week. These declines have had a spill-over effect, affecting assets like XRP.
Next up is the Israel-Palestine situation, which has also played a role in driving investors away from riskier assets like cryptocurrencies. Heightened tensions have led market participants to consider potential economic repercussions, prompting a move away from risk assets to hedge against potential crashes.
Finally, significant movements of funds by large holders to exchanges, including a transfer of 61 million XRP to Bitstamp, have raised concerns about further selloffs. Ripple moved 60 million XRP recently, contributing to the downward pressure on XRP’s price.
What’s Next in XRP Price?
In the coming days, all eyes are on XRP as it teeters on a retest of the 0.45 mark, igniting excitement about a potential visit to the pivotal support at 0.41. The Ripple community braces for an exciting few weeks ahead, poised for whatever twists and turns may come its way!