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🎉🚀 Bitcoin enthusiasts, get ready for a potential new all-time high! 🚀🎉 BTC's price has bounced back from the $65K level and is now eyeing a fresh peak. 📈 The daily chart shows a large symmetrical triangle pattern, with the market testing the higher boundary. If BTC breaks above this line, a rally toward $75K could be on the cards. The Relative Strength Index is also above 50%, suggesting bullish momentum and a probable price surge. 📊 On the 4-hour chart, BTC has already broken above the triangle pattern and is retesting the broken trendline. A successful rebound could push BTC toward $75K or even higher. But beware, a drop back inside the triangle could signal a false breakout, possibly leading to a decline toward the lower boundary or the $60K support zone. On-chain analysis reveals that as Bitcoin's price has recovered above $70K, market participants are hopeful for a new all-time high. The Net Unrealized Profit Loss (NUPL) metric, which indicates the total amount of profit/loss in all the coins, shows values above 0.5, similar to the 2022 all-time high. While this suggests the market could still climb, it also warns of potential mass selling pressure that could trigger a significant price crash. So, while we're optimistic about Bitcoin, it's always wise to stay alert! 🧐💰

🎉🚀 Bitcoin enthusiasts, get ready for a potential new all-time high! 🚀🎉 BTC's price has bounced back from the $65K level and is now eyeing a fresh peak.

📈 The daily chart shows a large symmetrical triangle pattern, with the market testing the higher boundary. If BTC breaks above this line, a rally toward $75K could be on the cards. The Relative Strength Index is also above 50%, suggesting bullish momentum and a probable price surge. 📊

On the 4-hour chart, BTC has already broken above the triangle pattern and is retesting the broken trendline. A successful rebound could push BTC toward $75K or even higher. But beware, a drop back inside the triangle could signal a false breakout, possibly leading to a decline toward the lower boundary or the $60K support zone.

On-chain analysis reveals that as Bitcoin's price has recovered above $70K, market participants are hopeful for a new all-time high. The Net Unrealized Profit Loss (NUPL) metric, which indicates the total amount of profit/loss in all the coins, shows values above 0.5, similar to the 2022 all-time high.

While this suggests the market could still climb, it also warns of potential mass selling pressure that could trigger a significant price crash. So, while we're optimistic about Bitcoin, it's always wise to stay alert! 🧐💰

Жауапкершіліктен бас тарту туралы мәлімдеме: үшінші тараптардың пікірлері бар. Қаржылық кеңес емес. Шарттар мен талаптарды қараңыз.
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🚀🎉 Bitcoin enthusiasts, listen up! According to Balaji Srinivasan, a former Coinbase executive, crypto has become a partisan issue in the United States, appealing particularly to "American conservatives" and "Chinese Liberals". 🌐💰 In a recent tweet, Balaji suggested that crypto is a boon for "small countries and dispossessed minorities", providing a new form of power to those who lack state influence. 🌍💪 He argued that Democrats and Communists, who control powerful states, don't benefit from crypto. However, everyone else does. 🎭🏦 Interestingly, Balaji pointed out that employees of top employers like Microsoft, Amazon, Google, and the U.S. government predominantly donate to Democrats over Republicans. 💼💰 Moreover, the wealthiest U.S. counties, which generate most of the nation's GDP, are blue counties, implying that Democrats have the most money. 💸💙 "Crypto is to the right of American Democrats and the left of Chinese Communists," Balaji stated. He depicted both China and Russia as "culturally right" and the current U.S. establishment as "culturally left". 🌏🔀 Both sides have shown hostility towards the crypto industry. Eastern superpowers have banned crypto as a payment method for citizens, citing potential economic instability. 🚫💱 Meanwhile, the Biden administration has consistently opposed pro-crypto legislation. Last week, the White House even vowed to veto a Republican-led resolution to repeal SEC guidance that prevents banks from offering crypto custody services. 🏛️🔒 Despite this, crypto's partisan nature is being embraced. Even left-minded Democrats see potential in crypto. For instance, allowing banks to custody crypto could bring the industry into the regulated fold, and stablecoins could increase demand for U.S. government debt. 🏦🔄 In a surprising turn, former President Donald Trump has reversed his previous anti-crypto stance, embracing the industry ahead of his election rematch with Biden later this year. 🔄🗳️ So, keep your eyes on the crypto space, folks! It's a wild ride, but one that's full of potential! 🚀🌙
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🚀Hey BTC enthusiasts! Let's talk about a new buzzword in the crypto space: Decentralized Validator Technology (DVT). It's a promising solution to a major concern about how traditional validator setups operate on Ethereum. 🚀 Validators are the builders of blocks in Proof-of-Stake (PoS) blockchains, similar to miners in Bitcoin. Ethereum, which shifted to PoS in September 2022, is supported by approximately 900,000 validators, making it the most decentralized PoS network currently live. 🌐 However, it's not all sunshine and rainbows. There are issues with how PoS is currently implemented in Ethereum, making it less decentralized than it appears. The main difference between Ethereum and other PoS networks is that validator nodes need to stake exactly 32 ETH. If you hold more than 32 ETH, you'll need to split your stake between multiple validators. 🎭 On Ethereum, there are no native mechanisms for stake delegation, meaning people must either run their own validator or trust a service to do so. But, DVT is here to change the game. 🎲 The premise of PoS is that no single entity can control more than a certain percentage of the total stake. In Ethereum, the majority of the staking power is held by Lido, a decentralized finance protocol that controls a bit more than 31% of the ETH staked. This is dangerously close to the 33% threshold needed to prevent Ethereum blocks from being finalized. 😱 But fear not! Lido has started implementing technologies to decentralize its node operations by integrating the Simple DVT module. This promotes increased participation and collaboration, allowing even at-home validators to integrate with Lido seamlessly. 🤝 DVT works by splitting an Ethereum validator’s private key into multiple shares. The shares are encrypted and distributed to node operators, making the process non-custodial, trustless, secure, and much more fault-tolerant. As Ethereum pushes for more scalability, DVT could be a significant part of its future roadmap. 🛣️ So, BTC lovers, keep an eye on DVT. It's a game-changer in the making! 🎉
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