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#BTC/USDT ANALYSIS Bitcoin is currently consolidating within a symmetrical triangle, rebounding from the support trendline. The Ichimoku Cloud is serving as an indecision zone, adding to the uncertainty. To confirm the next direction for BTC, we need to wait for a decisive breakout or breakdown.
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Here's the Analysis of NULS : #NULS making Higher High and Higher Low and moving within patterns. Currently, price retesting the structural support zone of $0.40 - $0.41 also moving within the small channel too. Eyes on the channel break, and this coin is also good for long run.
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#USDT DOMINANCE ANALYSIS USDT.D is currently trading within an ascending channel, with both the 21-day moving average and the Ichimoku Cloud indicating strong bullish momentum. This suggests a potential continuation of the trend. However, to confirm the next significant move, it's crucial to wait for a decisive breakout above the channel, signaling further dominance by USDT, or a breakdown below, which could indicate a reversal. Given that USDT.D typically moves inversely to the broader cryptocurrency market, these movements could have implications for overall market direction.
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✅ Bitcoin (BTC) is trending lower again during U.S. trading hours, as it has been for the past few weeks. The price slid back to $59,000 just before noon on the East Coast 📉 Daily Digest: 🔸 A Supreme Court justice ordered social media platform X suspended in Brazil after Elon Musk refused to name a legal representative for the firm 🔸 Nayib Bukele appeared on the cover of Time magazine, saying that the country's Bitcoin strategy is generally "net positive" 🇸🇻 🔸 Billionaire Warren Buffett's Berkshire Hathaway has sold $981.9 million worth of Bank of America shares 🔸 U.S. federal court dismissed a lawsuit against Elon Musk and his company Tesla, which accused them of pumping Doge 🔸 Bybit announced the upcoming launch of bbSOL, a liquid staking token for Solana coin, Binance and Bitget plan to do the same 🤑 🔸 Police in South Korea have arrested the leader of a $12 million crypto scam who did plastic surgery 🔸 Trump leads Harris by 12 points among crypto owners, per new poll #GravityAlphaMainnet #AirdropGuide #CryptoTradingGuide #StartInvestingInCrypto #IntroToCopytrading #EarnFreeCrypto2024 #BinanceTurns7 #MarketDownturn
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Bitcoin weekly RSI suggesting breakout above within September ?? May be 1-2 weeks of chop then 🚀
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