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Bitcoin has been trading within a clear channel, with the price testing the upper trendline (marked with red arrows on the chart). Historically, this trendline has proven difficult to break, and once again, BTC was rejected. What makes this situation more crucial is the fake-out we’re witnessing, where the price briefly surged past resistance, only to fall back into the previous range. A fake-out is often a signal of incoming volatility, as it can trap many traders into thinking a breakout is happening, only to reverse the momentum. This can lead to increased sell pressure and a potential price drop. 📉 Key Levels to Watch: Resistance: 66,080 (this has proven to be a significant barrier). Major Resistance Zone: Between 69,687 and 73,777 – a break beyond this would signal bullish continuation. Support Zone: BTC has strong support in the Demand Zone and Fair Value Gap (FVG) area around 52,017, as highlighted on the chart. 📊 What’s Next? With the fake-out now in play, here’s what could happen: 1. Downside Scenario: If BTC continues to be rejected from the 66k level and struggles to gain momentum, we could see a retracement back to the Demand Zone around 52,017. This level has historically acted as strong support, and with the FVG nearby, it’s a key area for potential buyers to step in. Target: Watch for BTC to test 52,017 if it continues to break down below key support levels. 2. Upside Potential: However, should Bitcoin manage to reclaim the 66k level and hold it with conviction, we could see another push towards the Major Resistance Zone of 69,687 to 73,777. A decisive break above this zone would open the door for BTC to challenge previous highs and potentially test the 80k psychological level. Target: A successful breakout could lead to significant bullish momentum, but we need confirmation before acting on it. 🔥 Final Thoughts: Right now, Bitcoin is at a critical juncture. The fake-out shows signs of weakness in the market, and with the high resistance around 66,080, caution is advised. #BTCMiningDifficultyRecord
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$L🚀 SHIB/USDT Buy Setup 🚀 📈 Technical Analysis: SHIB has broken out of a triangle pattern after a bullish rally, signaling potential for upward movement. 🔮 Expectations: Anticipating further bullish momentum in the near term. 🚨 Disclaimer: Remember to do your own research and consider your risk tolerance before making any investment decisions.💰💸💸💸💸🔥🔥🔥#BTCWildRide
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Tesla Starts Accepting Dogecoin as Payment Method at Tesla Shops Elon Musk’s electric car company, Tesla, has recently announced that it will now be accepting Dogecoin as a payment method at Tesla Shops. According to information found on a Dogecoin support page on the Tesla website, customers can now use Dogecoin to purchase eligible Tesla products by looking for the Dogecoin symbol next to the “order” page of Dogecoin-eligible items. This update was made as recently as May 4, according to the Wayback Machine. Customers wishing to make purchases using Dogecoin must do so through a Dogecoin wallet. All eligible Tesla products will have prices clearly listed in Dogecoin, including any applicable taxes, as stated in a frequently asked questions (FAQ) section. However, there are certain terms to be aware of when making payments with Dogecoin. These terms include restrictions on using payments from multiple wallets for a single order, no cancellations once an order is placed, and no returns for items purchased with Dogecoin. Additionally, it’s important to note that Tesla exclusively accepts Dogecoin as a form of payment and cannot process any other digital assets. This decision follows Musk’s previous remarks about Dogecoin during an event at the Tesla Gigafactory in Germany back in March. When questioned about the possibility of Tesla accepting Dogecoin for car purchases, Musk expressed his support, suggesting that it could happen “at some point.” Additionally, it’s important to note that Tesla exclusively accepts Dogecoin as a form of payment and cannot process any other digital assets. This decision follows Musk’s previous remarks about Dogecoin during an event at the Tesla Gigafactory in Germany back in March. When questioned about the possibility of Tesla accepting Dogecoin for car purchases, Musk expressed his support, suggesting that it could happen “at some point.” 💰💰💰💰💰💰💰💰💰💰#TeslaBitcoin #TradingExchange
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🚨 Shiba Inu( SHIB) Scam Alert: Please Be Careful The 'Shibarmy Scam Alert' account on the X platform has issued a caution to the global Shiba Inu (SHIB) community due to an uptick in scammers posing as SHIB development team members. One recent incident involved a fake social media account on Telegram pretending to be Kaal Dhairya, a prominent SHIB developer. These scammers aim to deceive users by sharing false information, leading them to fraudulent websites, and attempting to gather personal data for malicious purposes. The 'Shibarmy Scam Alert' account stressed the importance of staying in touch with official team members and reminded users that no legitimate SHIB team member would initiate contact through direct messages or ask for wallet links or personal information. Additionally, the same source issued a warning about potential scams related to the upcoming TREAT token, which is set to power a layer-3 solution on the Shibarium blockchain once launched. The alert clarified that the SHIB team has not officially released TREAT, contrary to misleading claims. The 'Shibarmy Scam Alert' account advised the SHIB community to refrain from any transactions or investments involving TREAT until its release is confirmed by trustworthy sources. In other developments, the Shibburn account reported a notable increase in the SHIB burn rate. In the past 24 hours, the burn rate surged by 19.64%, resulting in a total of 5,862,502 SHIB tokens being sent to unspendable blockchain addresses, effectively reducing the circulating supply. Notably, the largest burns amounted to 3,285,122 and 1,010,509 SHIB tokens. To date, an impressive 410,726,111,151,270 SHIB tokens have been burned by the SHIB team and community members. This year and in late 2023, Shiba Inu developers have contributed to burning several billion meme coins. 🫂Remember: Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.#Write2Profit #bitcoinhalving #SHIBDreams 💰💰💰
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🏛House Republican Proposes A Marijuana-Stablecoin Combo Bill👀📃 This initiative hinges on negotiators reaching an agreement, with Hill emphasizing the potential benefits of integrating the SAFE Banking Act with stablecoin regulation.#TrendingInvestments #BitcoinETFs
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