The image shows three different Bitcoin halving events: 2017, 2021, and the upcoming 2024 event. The chart compares the price behavior 224 days before and after the halving event in each of these years. Here's the analysis:
1. **2017 Halving Event**:
- Before the halving, Bitcoin experienced a significant price increase.
- Post-halving, there was a sharp correction and downward trend that lasted for some time before the price started recovering.
2. **2021 Halving Event**:
- Similar to 2017, there was a price increase leading up to the halving event.
- After the halving, Bitcoin experienced a strong drop again. The correction appears steep before any signs of recovery occurred.
3. **2024 Halving Event (Projection)**:
- The chart shows Bitcoin is steadily rising as we approach the 2024 halving, but without the sharp rise seen before the previous two halvings.
- The expectation based on past trends seems to be a potential correction after the halving event, but it's too early to predict the magnitude.
### Key Takeaways:
- In both 2017 and 2021, Bitcoin's price increased leading up to the halving but dropped significantly soon after.
- 224 days after the halving tends to mark a correction or recovery phase.
- The 2024 halving appears to follow a more gradual increase leading up to the event, which might indicate a smoother correction or different market dynamics this time around.
Given that you've mentioned the upcoming halving in your prior conversations, this chart suggests a potential pattern you could be watching closely to time market entries and exits based on previous halving cycles.
$KAVA
{spot}(KAVAUSDT)
/USDT Technical Analysis
As of now, KAVA is trading at $0.3646, showing a slight upward movement of 0.65%. Let’s take a closer look at the key levels and potential targets.
Current Market Overview:
24h High: $0.3722
24h Low: $0.3563
24h Volume: 5.95M COFFEE, 2.16M USDT
SAR: 0.3816
Key Support and Resistance Levels:
1. Support Level 1: $0.3563
This is the recent low and provides a strong support base. A drop below this level could indicate further bearish movement.
2. Resistance Level 1: $0.3722
This is the recent high that KAVA needs to break for a potential bullish momentum. A successful breach could open the path for further gains.
3. Target Price: $0.3816
This target aligns with the SAR indicator, suggesting it could be a good point for profit-taking or a key level to watch for potential reversal.
Conclusion:
KAVA/USDT shows mixed signals, with the possibility of upward momentum if it breaks above the resistance level. Keep an eye on the key levels mentioned, and consider setting alerts for significant price movements.
#ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections #APESurge #BinanceLabsInvestsLombard
$BTC
{spot}(BTCUSDT)
/USDT Technical Analysis Update
Current Price: $67,440
24h High: $67,941.17
24h Low: $66,571.42
24h Volume (BTC): 25,736.18
24h Volume (USDT): 1.73B
Technical Overview:
BTC is currently showing a slight upward movement with a price change of +0.09%. As we analyze the chart, we identify three key targets to watch:
🎯 Target 1: $68,500
This level serves as the first resistance point, where we may see some selling pressure. A breakout above this level could indicate bullish momentum.
🎯 Target 2: $69,520
This is a critical resistance area, representing a potential 1.6% increase from the current price. A successful break above this target may attract more buyers and push the price higher.
🎯 Target 3: $70,000
The psychological level of $70,000 is our ultimate target. A move towards this area will likely be met with heightened market interest and potential profit-taking.
Support Levels:
The immediate support level stands at $66,571.42. A breach below this could signal a bearish reversal, necessitating caution among traders.
Summary:
BTC is poised for potential upward movement, but key resistance levels will determine the next moves. Watch closely for price action around these targets, and adjust your trading strategy accordingly!
#ScrollOnBinance #USRetailSalesBoost #ScrollOnBinance #UptoberBTC70K? #APTSurpassesSUI
Ethereum Faces Short-Squeeze Risk: Rising Leverage and Key Resistance at $2.7K
The Estimated Leverage Ratio is an important metric for gauging the level of risk participants in the futures market are willing to take by using leverage. A rising ELR typically signals an increase in leveraged positions, which can amplify market moves in either direction.
The metric has been increasing over the last few months, coinciding with an overall price downtrend. This suggests that more traders are opening high-leverage short positions, betting on further price declines for Ethereum. The market appears to be bearish on ETH’s upcoming prospects, with many expecting further downside.
With leverage at concerning levels, the futures market is now considered overheated. This leaves Ethereum vulnerable to a potential short-squeeze event. In such a scenario, if ETH’s price rises unexpectedly, traders with short positions could be forced to cover their positions by buying back ETH, creating an impulsive price spike. The 100-day moving average at $2.7K is a key resistance level in this regard. A breakout above this level would likely lead to massive short liquidations, driving ETH’s price higher.
#ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections
🚀 Crypto News Flash: After striking gold with Bitcoin, a savvy trader is now eyeing memecoins, aiming to turn $500 into $50 million! Here are the top picks:
1. **DOGEN**: The alpha male's meme token, promising luxury and high returns. Expected 700% growth by presale's end.
2. **MEW Coin**: A cat-themed contender in the dog-dominated market, offering unique features.
3. **Turbo Token**: AI-generated meme coin, showcasing the power of AI in crypto.
4. **Dogecoin**: The original meme coin, still strong with a massive community.
5. **Shiba Inu**: Ethereum-based, with decentralized app potential.
Which memecoin are you betting on? Drop your thoughts in the comments! 💬
Disclosure: This is not investment advice. Always DYOR.
🚀 **Crypto News Flash: ETH vs. SOL & ETFSwap's Rise!** 🚀
- **Ethereum Bulls' Prediction**: ETH could hit $12,000 before Solana reaches $1,000. Ethereum's continuous network developments fuel this optimism. Currently, ETH is around $2,600 and SOL at $150.
- **ETFSwap's Potential**: Emerging as a strong DeFi altcoin, ETFSwap offers ETF-based trading, lower fees, early access to new ETFs, and high staking rewards. Experts see it challenging top altcoins like ETH and SOL.
- **Security & Launch**: ETFSwap boasts top-notch security and is set to launch its beta platform soon.
💬 What do you think? Will ETFSwap outshine ETH and SOL? Share your thoughts below!
Technical Analysis of $WOO
{spot}(WOOUSDT)
/USDT:
🚀 Current Price: $0.2008 (-4.92%)
📊 24h High: $0.2141
📉 24h Low: $0.1970
🎯 Target 1: $0.2049
This resistance point is indicated by the SAR. If the price breaks above this level, there could be further upside potential.
🎯 Target 2: $0.2141
Breaking above the 24h high could lead to a significant resistance level, where the price might stabilize.
🎯 Target 3: $0.1970
This is the current support level. If it breaks, there could be further downside potential.
📉 Short-term pressure is evident, but if a recovery occurs, $0.2049 and $0.2141 will be key levels to watch.
#ScrollOnBinance #UptoberBTC70K? #APESurge #XRPDonationsUSElections #SECApprovesBitcoinETFOptions
🚨 X-Empire Token Distribution: Are You Missing Out on Big Rewards? 🚨
In the thrilling world of X-Empire, everyone is chasing those coveted $X tokens. But what happens when the rewards don’t add up? You might be seeing less than you deserve, and it’s time to find out why!
NFT & Airdrop Mysteries: Where Are Your Tokens?
When X-Empire promised "all $X tokens will be received as NFTs," excitement soared! But many are noticing something strange—high CPH holders are receiving shockingly fewer tokens. Even with a solid 1.7 billion CPH rising to 15.7 billion in Phase 1, the payout seems... lacking. What gives?
CPH-High, Rewards-Low: Something’s Off!
How can players with massive CPH see minimal rewards during the Chill Phase? If you’ve been actively contributing and receiving fewer NFTs, you’re not alone! It’s time to ask: where did your rewards disappear?
Big Rewards for Small Players?
Imagine having 800 million CPH and still scoring 100,000 $X tokens without extra effort—some players are pulling this off! But if you have higher CPH and active participation, why are you getting less? Could this be a glitch, or is something hidden?
Fairness in Question: Is the System Rigged?
The discrepancies in token allocation raise serious concerns. Players with high CPH should be celebrating big rewards, yet the opposite is happening. The token distribution formula seems skewed, and it’s time to ask: is X-Empire truly fair?
Take Action Now: Don’t Miss Your Fair Share!
Demand Transparency: Reach out to X-Empire’s support for a breakdown of how $X token allocations really work.
Connect with the Community: Don’t stay silent—join forces with fellow players to push for clarity and fairness.
Reevaluate Your Strategy: If the system remains inconsistent, it might be time to explore other DeFi opportunities! 💥
#BinanceUpdate #XEmpireReveal #CryptoFairness #NFTAllocation #TokenGamechanger $TON
{spot}(TONUSDT)
Solana Whale Sells $6.68M in SOL 💰
Solana-based platform Pump.fun recently sold 40,000 SOL tokens worth $6.68 million, causing a brief dip in the $SOL price. Pump.fun, known for launching meme coins, has amassed $162 million in total revenue, positioning itself as a profitable protocol. The platform’s activities continue to attract attention, particularly after generating 969,945 SOL tokens so far this year.
Will this large-scale sale affect Solana’s long-term price momentum?
Source: CryptoPotato, Chayanika Deka
#BTC ETF Review 📈
The Bitcoin ETF has seen a sharp influx over the last 11 days, with total inflows totaling over $2.6 billion, while trading volume has also increased by 30%, with assets under management approaching $100 billion.
❗️ The sharp increase in investment inflows can be linked to optimism about the Republican Party's victory in the US elections.
⚠️ The cryptocurrency market looks pretty good by many indicators. As the elections approach, volatility will increase, and manipulation should not be forgotten under any circumstances.
#bitcoin☀️ #ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections
$NEIRO
{spot}(NEIROUSDT)
/USDT Technical Analysis
NEIRO is currently trading at $0.00168827, showing a -1.93% decline over the last 24 hours.
Key Trading Data:
24h High: $0.00181000
24h Low: $0.00161500
Volume: 93.05B NEIRO
SAR (Stop and Reverse): $0.00176879, indicating a bearish trend.
Key Levels to Watch: 🎯 First Target: $0.00174000 – Slight recovery expected, a short-term resistance point.
🎯 Second Target: $0.00181000 – Testing the 24h high, this level could lead to a breakout.
🎯 Third Target: $0.00190000 – A major resistance zone; breaking this could signal a bullish trend reversal.
Strategy: Watch for a bounce near $0.00161500 (24h low). If price breaks above $0.00176879 (SAR), consider further upside potential.
📊 Market Sentiment: Bearish pressure exists, but momentum shifts could spark new opportunities.
Stay updated for more!
#ScrollOnBinance #CMEBTCFuturesRecordHigh #APESurge #UptoberBTC70K? #XRPDonationsUSElections
After lying dormant for over 10.8 years, an old Bitcoin address has suddenly sprung back to life! The address, which held 27 BTC (now worth $1.82 million), remained untouched through the rise and fall of the crypto market.
Today, that sleeping treasure was finally moved, with all 27 BTC being transferred to a new address: bc1qa9yczqg2eh6tw9r6965l8j68xksc8pz089tn4u.
The original wallet, 1Pv6EwgFo4kuZpVXb9RimsUANpgkRyUWvx, held onto its wealth for more than a decade—until now. A hidden fortune finally awakened!
#dormantwallet #btc $BTC
{spot}(BTCUSDT)
{future}(BTCUSDT)