Bitcoin's weekly candle closed below 67K,which is not a good sign. We are now below a critical resistance level.
What are your views on this?
BTC BTCUSDT # BTCUSD #Bitcoin❗
#BTC broke out of the descending channel.
A successful retest above the channel would indicate a continuation of the bullish move.
We still need to break this ATH for more conformation
However, if the price falls back inside the channel, it would be a sign of a correction.
#pizzaday #ETHETFS #btc70k #altcoins $BTC

Dear Respected Traders, we hope this communication finds you well.
we are convening a discussion focused on
#SHib CryptoWatchMay2024
THE Decending Triangle Pattern Breakout Has Already Done V
So,1 Expect a Bullish Move of 50% In Coming Days %
#shiba⚡ #CryptoNewsCommunity #ETHETFS #bullrun2024📈📈

#SHİB INU is in a bullish pennant flag that is about to break out to the upside. It is a beautiful flag with a huge pole, perfectly executed.
The Fibonacci retracement is giving us the target price (TP) with 100% potential.
Just follow the chart; it is pretty obvious. The Stochastic RSI is about to pump on the daily chart.
Everything is aligned for a bullish wave.
DYOR (Do Your Own Research), as anything can happen. This is my personal opinion, not investment advice.
#Shibainuholder #ShibaFundamentalAnlysis #Shibalnu #ETHETFS

In the long term (daily charts), BTC has started to rise from the trend line. In the shorter term, the RS on the H4 chart already indicates that the short-term downward trend
has been broken. I was expecting a correction down to $59,000-$60,000, but this now seems unlikely, which further supports a bullish scenario.
STOP LOSS: If it goes below $58,000 and breaks the long trend that has been ongoing for months.
If this trend continues, we can expect a bigger rally than the last two waves in this trend. The primary target price is $70,000. After some minor sideways movement, we anticipate a rise up to $100,000.
#btcupdates2024 #Bitcoin❗ #BITCOINUSD #Markete #BTC $BTC $BTC

The Ever-Evolving Cryptocurrency Market: Trends and Insights

#bitcoin

The cryptocurrency market has rapidly evolved from its inception with Bitcoin in 2009 to a diverse and dynamic ecosystem. This post delves into the current trends, insights, and future prospects of the cryptocurrency market, offering a comprehensive overview for enthusiasts and investors alike.

### Current Market Trends

1. **Institutional Adoption**
- Over the past few years, institutional investors have increasingly embraced cryptocurrencies. Companies like Tesla, MicroStrategy, and Square have added Bitcoin to their balance sheets, signaling a significant shift in market perception.

2. **Decentralized Finance (DeFi)**
- DeFi platforms are revolutionizing traditional financial systems by offering decentralized solutions for lending, borrowing, and trading. The total value locked (TVL) in DeFi projects has soared, highlighting growing interest and participation.

3. **Non-Fungible Tokens (NFTs)**
- NFTs have gained massive popularity, transforming the digital art, gaming, and collectibles markets. High-profile sales, such as Beeple's digital artwork fetching $69 million, underscore the mainstream appeal and investment potential of NFTs.

4. **Regulatory Developments**
- Regulatory landscapes are shifting as governments and financial institutions grapple with the implications of widespread cryptocurrency use. Countries like El Salvador have embraced Bitcoin as legal tender, while others are exploring central bank digital currencies (CBDCs).

#ETHETFS #btc70k #altcoins #BinanceLaunchpool $BTC