Is $BTC still capable of filling the $77k Gap? Has BTC made a definite #ATH or is it just a temporary ATH? Are $DOGE , $SHIB , #PNUT or other #Memecoins finished their bull run this year or is it just beginning? Is #Gold rallying or is it a trap? Have you ever asked yourself these questions? I think we can discuss it on #Binance
Btc cannot break above the resistance area and the price is now testing the $67,000 level. A wick below this shows stop hunting and good buying pressure. A break below $67,000 will send the price towards the $65,000 level. $BTC
Price is trading in a symmetric triangle pattern. Price is in an uptrend and we may see a break of this triangle in an upward direction. Meme coins are showing, you can grab some at the support area.
The TOTAL crypto marketcap continue the upward movement after the breakout. We may see a move towards the all-time high resistance area soon. The overall market is bullish. $BTC
Price experienced a significant upward movement after prolonged accumulation/sideways action. It broke through the resistance area and is currently retesting it. Consider initiating long positions around the support area.
$MEME has broken the triangle pattern in an upward direction, and the price is now testing the resistance area. Meme coins are showing strong upward movement, and we expect a breakthrough of this resistance area. You can consider opening a long position after a break and a candle close above the resistance area.
#Bitcoin broke the triangle pattern in an upward direction but was unable to sustain the upward movement. The price is currently holding above the $67,000 support area, which is a positive sign. If the price breaks below this support area, we may see a move toward the $65,000 support area. $BTC
$STRK is currently breaking out of the falling wedge pattern. The price is now retesting the trendline, and if it can hold above this level, we may see a good upward rally. Consider opening small long positions here with a tight stop loss.
#Bitcoin is consolidating near the resistance area with a triangle pattern forming on lower time frames, suggesting more sideways movement. The support and resistance levels remain unchanged. $BTC
As the price approaches the end of the distribution phase, we see that about 15.9% of the coin supply is just below the current price, creating a strong support level.
On the flip side, only 1.1% of the coins are above the current price. This means if demand keeps increasing, we could see the price rise quickly as we enter a new phase of price discovery. $BTC
$UNFI was unable to break above and rejected from the resistance area. This is the reason we told you not to take any trade. We may see again a test of the resistance area. The support and resistance area remains the same.
$BTC has rebounded from the $67,000 support level and is now testing the resistance area. Let's see if the price can break the key level of $70,000. Overall, the market is looking bullish, and we expect upward movement.
Currently, the rate at which new capital is flowing into the #Bitcoin❗ network has slowed down considerably from its peak as the market digests the recently distributed supply.
The altcoin market cap (TOTAL2) has broken the downtrend line with a big candle. The approval of the Ethereum ETF is the reason for this, and we may see more money flowing into $ETH when the spot ETF trading starts. This is good for altcoins and we may see an altseason soon.
#Bitcoin was unable to hold the $69,000 level and the price dropped to the support area. Currently, $BTC is testing the $67,000 level and it needs to hold this level; otherwise, we may see a continuation of the downtrend. The next support area is between $64,500 and $65,200, and the resistance area is between $69,000 and $70,000.
Price is trading in a narrow range and has been rejected from the resistance area. A move towards the support area is expected, providing an opportunity to open a long position.
$PORTAL just dipped below the support line to trigger stop losses. If you opened long positions at the support line, you're now looking at over 15% profit. Increase your stop loss to breakeven point and hold the long positions as we may see a break of this falling wedge pattern.