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Crypto Economy
18 Nov 2024
Bullish

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๐Ÿšจ ,#JUST IN: Michael Saylor shares his #Bitcoin tracker again, 6th time in a row. MicroStrategy isnโ€™t slowing downโ€”Buying #BTC on a daily basis ๐Ÿš€
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#BTC โ€ข Within a few hours of this update, BTC reached the expected upper range of 101k-104k. โ€ข It is now facing resistance again at the upper range. If the momentum continues, we may see another rejection and BTC fall to the lower range of 93k-91k. โ€ข Otherwise, if it reclaims the upper level, we may see it enter price discovery mode once more. Incase of changes in situation we will try to keep updating accordingly !!!
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$BTC BTC โ€ข Bitcoin is currently trading within a range of 93k to 101k. This range has resulted in significant liquidations for both long and short positions, leaving no room for proper movement in alts. โ€ข Following its recent dip, BTC is now trending upward within its established range.  Continued momentum could potentially bring BTC back to the 101k-104k range. โ€ข A breakout or breakdown from this range could generate further momentum in either direction.Until then, we may experience limited price movement and a sideways trend. Incase of changes in situation we will try to keep updating accordingly !!!
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#BTC.Dominance โ€ข BTC.D has encountered resistance at the 56.8-57.7% range and has thus far been unable to overcome it. โ€ข If this trend persists, we may observe a rejection from this zone, potentially leading to BTC.D falling to 54.9-54.20% or lower, a scenario generally favorable for alternative cryptocurrencies. โ€ข However, a breakout above this resistance could indicate further challenges for alts. It is wise to avoid rushing into trading decisions until a clear trend is established. We will try to keep updating accordingly !!!
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$BTC BTC May Rise Again After a Profit-Taking Moment Yesterday, during the close of the US market, BTC experienced a release of liquidity, moving down to 94,150. This quick move decreased BTC's price by nearly -7%. However, the bullish trend remains very strong and the pattern is also bullish. The sell-off could be a profit-taking moment, but the bullish trend is intact, and the price is expected to continue rising gradually. I am watching BTC to rise again to 101K, 103K, and possibly reach a new all-time high at 107K. You may find more details in the chart!
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