BTC☀️
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Bitcoin Price Technicals Flag Bearish, Will BTC Lose $60K?
The #Bitcoin❗️ price has shown a range-bound movement over the past 48 hours, reflecting indecision in the market. Closing prices have oscillated between $60,123.73 and $60,820.0, indicating a struggle between bulls and bears around the key psychological level of $60,000. The 9 and 20 Exponential Moving Averages (EMA) have converged around $60,931.13 and $61,231.60 respectively, suggesting a lack of strong trend momentum in either direction.
The Moving Average Convergence Divergence (MACD) indicator, which measures momentum, shows a negative histogram with the MACD line consistently below the signal line. This indicates a bearish momentum in the short term, although the histogram has recently shown signs of stabilizing, suggesting a potential slowdown in bearish pressure.
Relative Strength Index (RSI) at approximately 43.26 indicates that Bitcoin is neither oversold nor overbought at the moment, reinforcing the consolidation phase observed in recent sessions.
#Bitcoin faces immediate resistance at $61,174.18, followed by stronger resistance levels at $61,828.17 and $61,975.46. On the downside, support is seen near $60,794.01, with further support levels at $60,684.01 and $60,304.95. The narrow trading range suggests that a breakout above resistance or below support could signal the next directional move. $BTC #BTC☀️
The full analysis and trade strategy were originally posted on ecoinimist.com.
The #Bitcoin❗️ price has shown a range-bound movement over the past 48 hours, reflecting indecision in the market. Closing prices have oscillated between $60,123.73 and $60,820.0, indicating a struggle between bulls and bears around the key psychological level of $60,000. The 9 and 20 Exponential Moving Averages (EMA) have converged around $60,931.13 and $61,231.60 respectively, suggesting a lack of strong trend momentum in either direction.
The Moving Average Convergence Divergence (MACD) indicator, which measures momentum, shows a negative histogram with the MACD line consistently below the signal line. This indicates a bearish momentum in the short term, although the histogram has recently shown signs of stabilizing, suggesting a potential slowdown in bearish pressure.
Relative Strength Index (RSI) at approximately 43.26 indicates that Bitcoin is neither oversold nor overbought at the moment, reinforcing the consolidation phase observed in recent sessions.
#Bitcoin faces immediate resistance at $61,174.18, followed by stronger resistance levels at $61,828.17 and $61,975.46. On the downside, support is seen near $60,794.01, with further support levels at $60,684.01 and $60,304.95. The narrow trading range suggests that a breakout above resistance or below support could signal the next directional move. $BTC #BTC☀️
The full analysis and trade strategy were originally posted on ecoinimist.com.
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#Recovery_Signals
#BTC☀️ #BTCETFSPOT #ETHETFsApproved #ETH_ETFs_Approval_Predictions
This was my second profitable trade. 📊
I earned a lot of profit in it. 💰🤑💰
The result is up front. 👀✅👀
I need your feedback and Support. 🪙
If you also want to profit, follow my strategies and comment me.🎯🎯
#Recovery_Signals
#BTC☀️ #BTCETFSPOT #ETHETFsApproved #ETH_ETFs_Approval_Predictions
Hace un año exactamente estábamos también en superinflación y el precio del $BTC estaba en $20,369.23 y marcó un rally que hoy en día por eso vale 1$BTC
#Bitcoin #BTC☀️ #BTC🔥🔥🔥🔥🔥 #btc70k #BTCPricePredictions
#Bitcoin #BTC☀️ #BTC🔥🔥🔥🔥🔥 #btc70k #BTCPricePredictions
LIVE
Binance News
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Lower Than Expected Inflation Could Boost Cryptocurrency, Says Analyst
According to Odaily, Valentin Fournier, a digital asset analyst at consulting firm BRN, has suggested that lower than anticipated inflation could continue to decrease and potentially boost cryptocurrency in the coming months. Fournier's comments come amidst a global economic climate where cryptocurrencies are increasingly seen as a viable alternative to traditional financial systems.
The analyst's predictions are based on the current economic indicators and trends, which suggest a continued decrease in inflation rates. This could potentially lead to an increase in the value and adoption of cryptocurrencies. Fournier's analysis provides a fresh perspective on the potential impact of global economic trends on the digital asset market.
However, it's important to note that the cryptocurrency market is highly volatile and unpredictable. Therefore, while Fournier's predictions provide an interesting perspective, they should not be taken as financial advice. Investors are always advised to do their own research and consult with a financial advisor before making any investment decisions.
The analyst's predictions are based on the current economic indicators and trends, which suggest a continued decrease in inflation rates. This could potentially lead to an increase in the value and adoption of cryptocurrencies. Fournier's analysis provides a fresh perspective on the potential impact of global economic trends on the digital asset market.
However, it's important to note that the cryptocurrency market is highly volatile and unpredictable. Therefore, while Fournier's predictions provide an interesting perspective, they should not be taken as financial advice. Investors are always advised to do their own research and consult with a financial advisor before making any investment decisions.
The US government has recently transferred a significant amount of Bitcoin to Coinbase, intending to auction these assets. This move is part of a broader strategy to liquidate seized digital assets, potentially influencing Bitcoin's market dynamics.
Key Points:
🔹US government transfers a large volume of Bitcoin to Coinbase.
🔹Bitcoins are expected to be auctioned off soon.
🔹Potential market impact as these assets enter circulation.
#CryptocurrencyNews #BTC☀️ #Bitcoin❗ #BTC☀
Key Points:
🔹US government transfers a large volume of Bitcoin to Coinbase.
🔹Bitcoins are expected to be auctioned off soon.
🔹Potential market impact as these assets enter circulation.
#CryptocurrencyNews #BTC☀️ #Bitcoin❗ #BTC☀
#Bitcoin! a tenido una gran subida del 3,20% eso es algo muy positivo para los que invierten en #BTC☀️ como sera en estos dias ¿siguiera subiendo o bajando?
#Bitcoin #CryptoTradingGuide #Binance
#Bitcoin #CryptoTradingGuide #Binance
📉BTC Price Analysis: Here's the First Critical Support if Bitcoin Drops Below $60K
Bitcoin has seen a significant decline recently, dropping below key levels after failing to sustain above $70K. Here’s a breakdown of what’s happening:
📈 Technical Analysis
On the daily chart, BTC has been trending downwards since early June after hitting resistance near $72K. It’s now approaching a critical support at $60K, with the 200-day moving average around $58K. A break below $60K could lead to further downside towards the moving average.
On the 4-hour chart, BTC broke a large falling wedge pattern to the downside and is now testing the $60K support zone. The Relative Strength Index (RSI) suggests oversold conditions, hinting at a possible short-term rebound or consolidation around $60K.
📊 On-Chain Analysis
The Short-Term Holder SOPR (Sell On Profit Ratio) reflects investor sentiment. As BTC’s price drops, many short-term holders are seeing their profits shrink, potentially leading to market exits and realized losses if prices dip below $60K. However, such lows could mark opportunities, especially in a continuing bull market scenario.
💬 Market Outlook
While current indicators suggest caution with BTC approaching critical support levels, market sentiment remains pivotal. Traders are closely watching how BTC reacts around $60K, anticipating either a bounce or further downside towards $58K.
Stay tuned for more updates as the market dynamics unfold. Remember, volatility in cryptocurrency markets offers both risks and opportunities. #Bitcoin #CryptoUpdate #MarketAnalysis #bitcoin #BTC☀️
ℹ️ Remember, trading cryptocurrencies involves risks. Always do your research and consider your risk tolerance before making investment decisions.
Bitcoin has seen a significant decline recently, dropping below key levels after failing to sustain above $70K. Here’s a breakdown of what’s happening:
📈 Technical Analysis
On the daily chart, BTC has been trending downwards since early June after hitting resistance near $72K. It’s now approaching a critical support at $60K, with the 200-day moving average around $58K. A break below $60K could lead to further downside towards the moving average.
On the 4-hour chart, BTC broke a large falling wedge pattern to the downside and is now testing the $60K support zone. The Relative Strength Index (RSI) suggests oversold conditions, hinting at a possible short-term rebound or consolidation around $60K.
📊 On-Chain Analysis
The Short-Term Holder SOPR (Sell On Profit Ratio) reflects investor sentiment. As BTC’s price drops, many short-term holders are seeing their profits shrink, potentially leading to market exits and realized losses if prices dip below $60K. However, such lows could mark opportunities, especially in a continuing bull market scenario.
💬 Market Outlook
While current indicators suggest caution with BTC approaching critical support levels, market sentiment remains pivotal. Traders are closely watching how BTC reacts around $60K, anticipating either a bounce or further downside towards $58K.
Stay tuned for more updates as the market dynamics unfold. Remember, volatility in cryptocurrency markets offers both risks and opportunities. #Bitcoin #CryptoUpdate #MarketAnalysis #bitcoin #BTC☀️
ℹ️ Remember, trading cryptocurrencies involves risks. Always do your research and consider your risk tolerance before making investment decisions.
LIVECrown Gig
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Bullish
Btc update
Bitcoin's next possible movement is difficult to predict with certainty, as it's affected by various factors such as market sentiment, adoption, regulatory changes, and global economic conditions. However, based on technical analysis and current trends, some possible scenarios are:
- Bullish scenario: Breakout above $64,500 could lead to a rally towards $70,000 or higher.
- Bearish scenario: Breakdown below $61,300 could lead to a correction towards $58,000 or lower.
- Consolidation scenario: Bitcoin may continue to trade within the $61,300-$64,500 range, indicating a period of consolidation before the next move.
Please note that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These scenarios are based on current data and may change as new information becomes available. Always do your own research and consider your risk tolerance before making any investment decisions.
$BTC $ETH $BNB #Memecoins #bitcoin #BTC🔥🔥🔥🔥🔥 #pepe #altcoins
Bitcoin's next possible movement is difficult to predict with certainty, as it's affected by various factors such as market sentiment, adoption, regulatory changes, and global economic conditions. However, based on technical analysis and current trends, some possible scenarios are:
- Bullish scenario: Breakout above $64,500 could lead to a rally towards $70,000 or higher.
- Bearish scenario: Breakdown below $61,300 could lead to a correction towards $58,000 or lower.
- Consolidation scenario: Bitcoin may continue to trade within the $61,300-$64,500 range, indicating a period of consolidation before the next move.
Please note that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. These scenarios are based on current data and may change as new information becomes available. Always do your own research and consider your risk tolerance before making any investment decisions.
$BTC $ETH $BNB #Memecoins #bitcoin #BTC🔥🔥🔥🔥🔥 #pepe #altcoins
recently Got 81 USDt as Profit.
so what could Be the Prediction of Price For BNB Is It Going to be bullish or bearish
share your thoughts here.
#BNB_Market_Update
#BullRunAhead $BNB
#BTC☀️
so what could Be the Prediction of Price For BNB Is It Going to be bullish or bearish
share your thoughts here.
#BNB_Market_Update
#BullRunAhead $BNB
#BTC☀️
