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🚀 Bitcoin (BTC/USDT) Analysis – A Closer Look at the Trend 🚀
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📉 Current Price: BTC is trading around 91,160.42 USDT, showing a 0.43% increase in the last 24 hours. As we analyze the 1-hour chart, we notice Bitcoin is moving within a well-defined ascending channel, a pattern often indicating a potential continuation of the trend, but with equal risk for both upward and downward breakouts. Let’s dive deeper into what this chart is telling us and what levels to watch out for.

📈 Key Levels to Monitor:

Resistance (Upper Boundary): Around 93,265.64 USDT – This is the upper level of the ascending channel. If BTC can break above this resistance, we could see further upward momentum, possibly leading to a new high in this trend. However, this level has historically acted as a strong barrier, so a breakout would need solid volume to confirm the move.

Support (Lower Boundary): Around 87,082.42 USDT – This is the lower edge of the channel. If Bitcoin fails to sustain above this support and breaks downward, it could signal a reversal or a deeper correction, potentially testing the next lower support levels.

🔍 Technical Analysis of the Ascending Channel:

1. Ascending Channel Pattern: This pattern occurs when price forms higher highs and higher lows, moving between parallel trendlines. It often shows a gradual uptrend but can be tricky to trade due to potential fake breakouts.

2. Trend Continuation or Reversal?: As BTC continues bouncing between the channel’s boundaries, we’re watching for either:

Upside Breakout: This would signal a continuation of the bullish trend, possibly leading BTC to test and surpass higher levels. A breakout above the 93,265.64 USDT level, with strong volume, could be an entry point for bulls aiming for further gains.

Downside Breakout: A break below the 87,082.42 USDT level could indicate a bearish reversal, pushing BTC to lower support areas. This would attract bears, and could lead to a short-term correction before BTC finds its next strong support level.

📊 Market Sentiment & Volume Analysis:

Volume: For a breakout confirmation, we’d like to see a significant increase in volume, indicating that there’s strong buying or selling pressure.

Market Sentiment: Bitcoin has seen a substantial rally over the past few days, which has brought it closer to the 93,000 USDT mark. The question now is whether this upward momentum can be sustained or if profit-taking will cause a temporary setback.

🚩 Possible Scenarios:

1. Bullish Scenario: If BTC breaks above the upper resistance of 93,265.64 USDT with strong volume, it would indicate a bullish continuation. This breakout could push Bitcoin to the next psychological resistance level around 95,000 USDT or higher, setting a fresh high for the week.

2. Bearish Scenario: If BTC fails to hold within the channel and breaks below 87,082.42 USDT, a potential correction could ensue. In this case, traders should look out for the next support zone around 84,000 USDT, which could act as a temporary floor.

📌 Key Takeaways for Traders:

Patience is Key: Wait for a clear breakout from the channel before taking a position. Channel trading can be tricky, with false breakouts often trapping traders on the wrong side.

Watch the Volume: Volume will play a critical role in validating any move out of the channel, especially if we see a breakout to the upside.

Risk Management: For those already holding BTC, setting stop losses near the support level is essential in case the channel breaks to the downside.

⚠️ Disclaimer:

This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.

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Stay tuned for more updates and trade carefully! 🚀📉
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Bitcoin reached a new all-time high of $93,400 before settling around $90,000, as traders closely watch its move toward the $100,000 milestone.
On Thursday, Bitcoin surpassed the $93,000 mark, continuing its strong upward momentum. This surge is largely attributed to growing optimism about a potentially crypto-friendly regulatory approach from President-elect Donald Trump, as well as expectations that the US Federal Reserve may cut interest rates further. At its peak, Bitcoin touched $93,400 before pulling back slightly to $90,000, with traders keeping a close eye on the path toward $100,000.
Bitcoin’s Recent Rally
Bitcoin's recent rally has been impressive, with the cryptocurrency climbing nearly 6% in the US market. It briefly reached a record high of $93,462 before retreating to $89,974 by Thursday morning in Singapore. By 9:25 AM, Bitcoin was trading around $90,077, giving it a market capitalization of $1.78 trillion.
Market Indicators and Bullish Sentiment
Both technical and fundamental indicators suggest that Bitcoin’s momentum remains strong. The Fear and Greed Index, which gauges market sentiment, is currently showing "Extreme Greed," signaling high confidence among investors.
Edul Patel, CEO of Mudrex, noted that over $850 million in Bitcoin options are positioned at the $100,000 mark, reflecting strong trader belief in Bitcoin’s continued rise. He highlighted that Bitcoin's next resistance level is at $94,200, with key support at $85,500.
Patel commented, “Bitcoin has resumed its rally, reaching a new all-time high of $93,400 and stabilizing around $90,000. Technical and fundamental indicators suggest continued strength, with the Fear and Greed Index showing 'Extreme Greed.' The $100,000 level remains a key target, and traders are confident in this rally.”
Trump’s Pro-Crypto Stance
A key factor driving Bitcoin's recent rise is Donald Trump’s pro-crypto stance. Trump has expressed interest in creating a more favorable regulatory environment for digital assets, which has fueled optimism among cryptocurrency enthusiasts. Many believe that such policies could make the market more attractive and push Bitcoin closer to the $100,000 mark.
It’s also reported that between 30% and 40% of Americans now hold some form of cryptocurrency, a number that could grow further if crypto-friendly policies are implemented.
While some speculators expect Bitcoin’s price to continue rising, others warn that profit-taking could occur following its 33% increase since the US election on November 5.
Inflation Data and Its Potential Impact
Another factor influencing Bitcoin’s price is the upcoming release of the US Consumer Price Index (CPI), which is closely watched as an indicator of inflation. A lower-than-expected CPI could provide additional momentum for Bitcoin.
Avinash Shekhar, Co-founder and CEO of Pi42, explained, “If the CPI data shows inflation is decreasing, it could accelerate Bitcoin’s climb towards $100,000, potentially reaching that milestone by March or April next year.”

#BTC #TrumpInPump #AI #BTCBreaks93k #MemecoinWars $BTC

⚠️Disclaimer

The content emphasizes providing valuable information and encourages readers to research before investing, reminding them that they are solely responsible for their crypto transactions and should exercise caution and due diligence.

Bitcoin can easily reach the $100,000 mark in the coming days. The coin [would] reach an important psychological level. There is currently quite strong interest from institutional investors. And that is supporting the upward trend.”

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The world of cryptocurrency has always been one of extremes—wild swings in price, massive opportunities for fortune, and just as many instances of devastating losses. For those who’ve been in the market long enough, the emotional rollercoaster is something almost universally understood. But for one individual, the rollercoaster was especially hard to stomach.
Let’s take a moment to walk through the story of someone who, just three years ago, believed deeply in the promise of Ethereum (ETH) and crypto in general, only to be engulfed by the pain of its massive crash. Today, with new headlines calling Bitcoin (BTC) to $90,000 or even $93,000, Ethereum is rumored to be “going crazy,” and the crypto market is on the rise again. But for this individual, that fresh hope and excitement was tempered by the lingering scars of past losses—and the long silence from a deleted trading app.
### The Euphoria of the Bull Run: Buying Ethereum at $4700
It was a time of hope and optimism. In the peak of the 2021 crypto bull market, Ethereum was soaring. The price of ETH had crossed $4,000, and with Ethereum’s role in decentralized finance (DeFi), NFTs, and the growing Ethereum 2.0 upgrade, it seemed like the sky was the limit. The future of crypto had never looked brighter.
For many like our subject, Ethereum was not just a speculative asset; it was a revolution in the making. A decentralized platform that could power smart contracts, NFTs, and applications across the blockchain, Ethereum held the promise of a new, decentralized internet—one that would change the world of finance, governance, and even the way we interact online.
And so, amidst the feverish optimism and growing media coverage, this person made the decision to buy Ethereum at $4,700. With a belief in the long-term vision of crypto, they saw the investment as a ticket to participate in the future, even if the ride seemed turbulent at times. They were certain that Ethereum, driven by technology and innovation, would continue to grow, and the price would only increase as adoption skyrocketed.
But, as many experienced during that time, the euphoria was short-lived.
### The Crash: Watching Ethereum Drop and Deleting the App
The crypto market, like all markets, is volatile. What goes up must come down. In the months following that euphoric purchase, Ethereum's price started to slide. It was subtle at first—small dips here and there, nothing too concerning. But the market sentiment quickly turned, and the sharp declines followed.
By the summer of 2022, Ethereum had plummeted, falling from $4,700 to below $1,000 at its lowest point. The drops were hard and fast, and the relentless downward momentum left many crypto investors questioning whether they had made a mistake. For our subject, the emotional toll was severe. Watching the portfolio’s value shrink, day by day, was a gut punch, especially knowing how much money had been invested with the hopes of a brighter future.
The despair was almost palpable. The stress and anxiety of seeing the value of an asset you believed in drop so dramatically led to frustration. The emotions got the better of them, and in a moment of sheer defeat, they deleted the trading app, swearing off crypto. “Maybe I was wrong. Maybe the dream of decentralized finance and blockchain technology is just a fantasy,” they thought. The decision to step away felt like a form of self-preservation—a way to regain control over life after the devastating loss.
While the market’s losses were heavy, the decision to disconnect was also an emotional and mental escape. No more watching the price chart, no more obsessing over every little dip or rise. Just a quiet, simple life where crypto was a distant memory.
But, deep down, they never completely lost faith in the potential of the technology. They still believed that crypto, Ethereum included, could change the world. It was just hard to look at the markets when the pain of the crash was still fresh.
### A New Hope: Bitcoin's Surge to $90k and Ethereum’s Revival
Fast forward to today, and the landscape has changed dramatically. Headlines scream of Bitcoin's surge to $90,000, and Ethereum’s resurgence is being touted by analysts across the board. "Ethereum is going crazy!" the rumors spread. Tweets and news articles flood timelines, recounting the massive rally in Bitcoin and Ethereum, as if the past few years of pain and loss had never existed.
For those who held onto their crypto through thick and thin, this moment feels like a vindication. Bitcoin’s meteoric rise to $90,000, then $93,000, signals a new wave of bullish optimism, with many crypto believers thinking this is the dawn of a new bull market—a "second coming" for the king of digital assets. The narrative around Ethereum, with its upcoming upgrades and growing role in decentralized finance and NFTs, is no less bullish. The bullish momentum in both assets has some traders predicting that Ethereum could even be on its way back to its all-time high of over $4,800 or higher.
Our subject, having moved on from their crypto days and focused on a "simple, honest life," finds themselves in a moment of internal conflict. The news about Bitcoin and Ethereum is hard to ignore. Friends and family bring it up casually—talking about the latest surge in prices, showing off their own cryptocurrency portfolios, and discussing new opportunities.
For a moment, they wonder, "Could I have missed out on the second coming of crypto?" That familiar itch starts again—the desire to dive back into the market, to experience the rush of watching the price surge, to potentially make up for the losses they endured.
But there is also fear, hesitation, and, perhaps, a little bit of anger at the lost time and money. They open the app again—something they never thought they'd do—and the screen loads. They hold their breath. The family watches, either unsure of what’s about to happen or simply curious to see what their relative will do.
And then, there it is: Ethereum, at $3,300.
### The Moment of Realization: To Laugh or To Cry?
The tears well up—not out of joy, but out of a confusing mix of emotions. On one hand, there’s the undeniable relief that Ethereum, after all this time, is still worth a significant amount—especially compared to the lows it reached during the market crash. There’s a sense of pride, too, in seeing the potential of Ethereum come to fruition, even if they weren’t there to see it firsthand.
But there’s also a deep frustration. $3,300 is still far from the $4,700 at which they bought it. It’s a shadow of the previous highs, and while it’s an improvement from the lows, it’s not the massive win they’d hoped for. The emotional whiplash from the market’s volatility hits hard.
A small part of them wonders if they should have held on a little longer, or if the timing of their exit was just bad luck. But another part, the part that deleted the app in the first place, feels a sense of closure. The lesson has been learned: Crypto, for all its promise, is a wild ride—one that can lead to both euphoric highs and crushing lows.
Maybe it’s not about the money anymore. Maybe it’s about understanding that the journey in crypto—like in life—is unpredictable. The markets can rise and fall, fortunes can be made or lost, but true happiness isn’t about catching the next big wave; it’s about making peace with the rollercoaster of it all. Whether Ethereum hits new highs or crashes again, it doesn’t change the fundamental lesson that things are always in motion—and sometimes, just living a simple, honest life is the greatest victory of all.
For now, the family’s eyes are on them, waiting for a reaction. And, for a brief moment, the individual allows themselves a laugh—because in the end, laughter might just be the best way to cope with the wild world of crypto.
#USInflationAboveTarget #MemecoinWars #BTCBreaks93k #PNUTSurge #MemecoinWars $BTC $SOL $BNB

Bitcoin and other cryptocurrencies see record high on the expectation that Trump administration will be crypto-friendly.

FILE -Republican presidential candidate former President Donald Trump speaks at the Bitcoin 2024 Conference, July 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)

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Bitcoin surged to a record high of $93,000 on Tuesday as investors pumped money into cryptocurrencies following the election of Donald Trump as United States president, who has turned from a cypto-sceptic to an investor himself.

Bitcoin, the oldest and the largest crypto currency, has seen its value go up by 30 percent in the past week. It is not the only cryptocurrency on the move. Since Trump’s victory, Dogecoin — a currency backed by Trump ally Elon Musk — has surged 152 percent.

Cryptocurrency is a “digital alternative” to traditional money and works online without a central authority. But it has long also been very volatile and has faced government curbs in several parts of the world.

So how is the crypto spike linked to Trump’s election and will the new US administration ease regulatory frameworks around crypto?

What explains the crypto surge since Trump’s win?

Analysts believe Trump’s embrace of cryptocurrencies during the presidential campaign and his venture into crypto trade is luring investors on the expectation that the new administration would be crypto-friendly.
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