Potential Bitcoin Dump After Surge to $64000
Bitcoin recently surged to $64,000, but I anticipate a brief pullback to around $60,000 due to profit-taking. This temporary dip is likely as traders secure gains from the surge. The $64,000 level is significant, making it a key point for selling pressure. Technical indicators also suggest resistance at $64,000 and support around $60,000. I plan to sell near $64,000 and re-enter around $60,000-$62,000. This strategy aims to take advantage of the expected dip before the next upward move. Always be cautious, as markets can be unpredictable $BTC
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How does the US Federal Reserve work?
The US Federal Reserve operates and makes decisions independently of the US government and the president. However, its operations are subject to oversight by the US Congress and are expected to be consistent with national economic policy. The main responsibilities of the Federal Reserve are:
Issuing the US dollar, regulating its value, and setting the Federal Reserve interest rate.
Implementing monetary policy to achieve maximum employment, price stability, and interest rates.
Supervising the Federal Reserve Banks and maintaining the stability of the financial system.
Regulating banks, financial institutions, and financial markets to protect consumers.
Providing financial services to depository institutions, the government, and foreign official institutions.
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Top 5 Undervalued Altcoins Under $1 with 100x Potential in July.
The cryptocurrency market has undergone significant corrections, creating opportunities to invest in undervalued altcoins. As Bitcoin stabilizes above $60,000, here are five promising altcoins priced under $1 that could offer substantial returns.
1. **Ripple (XRP)**
XRP, known for enabling cost-effective cross-border payments, has dipped to $0.475 due to market corrections and ongoing legal challenges. With its dynamic support level intact since March 2020, XRP has the potential to rebound and target $2, offering significant growth opportunities.
2. **BONK (BONK)**
BONK, a meme cryptocurrency on the Solana blockchain, dropped from $0.000044 to $0.000018 during the market correction. Currently trading at $0.0000228, it shows strong reversal potential and could rally to $0.0001, driven by its community and overall market recovery.
3. **Graph (GRT)**
Graph, a protocol for indexing blockchain data, has corrected to $0.27 from a high of $0.49. Holding above its $0.27 support level, GRT is poised for a potential breakout that could end the correction trend and lead to significant gains, making it a valuable pick under $1.
4. **Oasis Network (ROSE)**
ROSE, a privacy-focused blockchain, has reversed from its support level of $0.082, now reaching $0.09. Historically, the platform's support trendline has been a strong accumulation point, suggesting that ROSE could rally to $0.13 and potentially $0.18.
5. **Polygon (MATIC)**
Despite a challenging start to 2024, MATIC, an Ethereum scaling solution, is currently trading at $0.55. With strong support around $0.50-$0.493, a rebound could see MATIC challenge resistance levels at $0.76 and higher, positioning it as a key altcoin to watch.
These altcoins are currently undervalued and could offer substantial gains. However, always conduct your own research and consult with financial advisors before making any investments.
URGENT UPDATE REGARDING $FTT $ENA $MEME
👉 [VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw) 🙏1️⃣ FTT (FTX Token)
Critical Surge: FTT has plummeted from its previous high to $1.57, indicating strong negative sentiment.
Failed Bounce: Recent attempts to rebound were unsuccessful, failing to break through the crucial resistance and support zone.
Breakout Required: For a bullish continuation, FTT must surge above $1.57 and close above $1.60. Otherwise, a bearish outlook persists.
2️⃣ ENA (Ethena)
Higher Liquidity: ENA boasts higher liquidity than FTT, despite its negative sentiment.
Potential Upward Movement: Anticipate possible gains post-news or tomorrow, with the RSI 4H indicator remaining positive.
Breakthrough Target: A surge above $0.35 could trigger further gains, targeting the $0.40 area.
3️⃣ MEME (MEME Memecoin)
Bullish Outlook: MEME is currently bullish, aiming for the $0.014 region and the $0.011 support.
Critical Support: It recently touched the $0.01100 area, a critical support level.
Positive Close Required: A close above 4H with $0.01200 would be positive; otherwise, prepare for further downside.
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$SUN
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SUN has experienced a significant price surge, rising from a recent low of 0.022 to a recent high of 0.041, representing a gain of over 60%.
Key Levels:
- Support: 0.022 (recent low)
- Resistance: 0.041 (recent high)
The short-term trend has turned strongly bullish, with a clear break above the previous resistance level. The price is currently trading near the recent high, indicating a strong positive trend.
Technical Indicators:
- Relative Strength Index (RSI): 80 (overbought territory)
- Bollinger Bands: Expanding, indicating increased volatility
Summary:
SUN is experiencing a strong bullish trend, with a rapid price increase in a short period. While the RSI is in overbought territory, suggesting a potential pullback, the price may continue to rise if the momentum remains strong. Traders should watch for a potential pullback to 0.035 before considering further long positions. The next resistance level to watch is 0.050.
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#SUN/Usdt #MtGoxRepayments
As I mentioned earlier, the market would recover from its tradeline support, and my expectation was that the market could recover up to 62k, after which we would see a rejection. However, the current situation is indicating something different, and the market has already broken out of the 62k range. I suspect the market might pump further from here and reach up to 66k to 67k
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تم تنشيط محفظة بيتكوين قديمة كانت خاملة لأكثر من 11 عام، مسجلة أرباح هائلة بنسبة 32,087%.
وفقا لبيانات ومعلومات البلوكشين، تمت إعادة تنشيط هذه المحفظة التي تحتوي على 54 بيتكوين، والتي كانت قيمتها في عام 2013 تقدر بحوالي 10,174 دولار.
اليوم، ارتفعت قيمة تلك البيتكوين إلى 3,274,741 دولار.
أثار هذا التنشيط المفاجئ للمحفظة العديد من التساؤلات والتكهنات حول الدوافع وراءه، خاصة بعد فترة طويلة من السكون.
عادة ما يُعتقد أن المحافظ الخاملة تعود إلى متبنين مبكرين أو عمال تعدين بيتكوين من المرحلة الأولى.
ومع ذلك، تبقى هوية صاحب المحفظة غير معلومة، لكن هذا التنشيط المفاجئ فتح الباب أمام تكهنات متنوعة.
من المحتمل أن يكون المالك أحد المتبنين الأوائل الذين قرروا الاستفادة من المكاسب الهائلة، أو ربما تم اكتشاف المحفظة مؤخرا بعد نسيانها لسنوات.
وهناك احتمال آخر أن يكون المالك قد قرر تحويل الأموال إلى محفظة أكثر أمان.
في وقت كتابة هذا المقال، كان سعر البيتكوين يحوم حول 61,800 دولار، بعد أن ارتفع بنسبة 2٪ خلال 24 ساعة الماضية.
يشهد السوق حاليا حالة من الترقب، حيث ينتظر المستثمرون تصريحات “جيروم باول”، رئيس بنك الاحتياطي الفيدرالي، في جاكسون هول.
من المتوقع أن يقدم “باول” تفاصيل جديدة حول خطط البنك المركزي الأمريكي بشأن تخفيض أسعار الفائدة.
Best Solana gems everyone must buy before Pump
1. Solana Ape Club (SAC):
Inspired by the popular Bored Ape Yacht Club, SAC has a strong community and has seen significant price increases in the past.
2. Solana Doge (SOLDOGE):
A Dogecoin-inspired meme coin on the Solana blockchain, SOLDOGE has a large following and has experienced price surges.
3. Solana Pepe (SOLPEPE):
Drawing inspiration from the popular Pepe meme, SOLPEPE has gained traction and seen rapid price growth.
4. Solana Shiba (SOLSHIB):
Another Shiba Inu-themed meme coin on Solana, SOLSHIB has a dedicated community and has experienced price fluctuations.
5. Solana Cat (SOLCAT): A relatively new meme coin featuring cats, SOLCAT has shown potential and could be a sleeper hit.
💥💥💥 Kraken Analysts Issue Warning About Bitcoin ($BTC ) Price! "If This Level Is Not Broken, A Big Drop Is Coming!"
Bitcoin has been facing a series of sharp declines since reaching its all-time high (ATH) in March, leaving investors eagerly anticipating a rally that could push BTC to new ATH levels. Kraken analysts have highlighted a crucial point in their latest report: Bitcoin needs to break past $62,000 to avoid another drop to the $49,000 range.
According to Kraken, Bitcoin is at a pivotal juncture, and surpassing the $62,000 resistance is essential to prevent a potential slide back to $49,000. The analysts stated, "The $62,000 resistance level is critical because failing to break it could indicate a deeper correction. Bitcoin's current price action suggests a corrective pattern rather than a strong rally. Therefore, BTC must clear the $62,000 mark to avoid another sharp decline."
As a reminder, Bitcoin dipped below $50,000 on August 5, a day dubbed "Crypto Black Monday," falling to $49,842—its lowest level since February.
Currently, Bitcoin is trading around $61,240, struggling to break the $62,000 resistance since August 9.
*This information is not investment advice.
Source - en.bitcoinsistemi.com
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$DOGS Price Prediction 🐾
Analysis using the token allocation data from recent Binance Launchpads:
1️⃣ Launchpad Allocation:
- $NOT Allocation: 3,081,576,651 tokens
- $DOGS Allocation: 6,000,000,000 tokens
2️⃣ Token Generation Event (TGE) Value:
$BONK Coin Alert:
$BONK is on the move, surging 10% in the last 24 hours to $0.0000208! This impressive price jump is a bullish sign, especially considering BONK's historical performance, where it has closed above its opening price 47.51% of the time.Although BONK is still trading at a discount from its recent peak of $0.0000402, reached just 2 months ago, the current price represents a potential buying opportunity. The 48.10% pullback from its high could be an attractive entry point for traders looking to capitalize on BONK's potential rebound.With BONK's recent momentum and relatively discounted price, traders may see this as a chance to accumulate before a potential breakout. Keep a close eye on BONK's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $0.0000250 level could indicate a potential reversal, and a retest of the $0.0000350 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the BONK wave and potentially profit from a significant rebound.
#CryptoMarketMoves #BinanceBlockchainWeek #shabana #Write2Earn! $BTC
The last stage of Euphoria.
Many of you look to my posts for guidance, currently i feel as lost as many of you.
When is bad news-good news, when is bad news-bad news?
I thought this week would be bullish because of the market movers and media narrative, the wider market are mostly sheep’s, they go where the media and narrative tells them to.
I thought the revised jobs data today might spook the market, it clearly didn’t spook it for long.
-818 000 jobs is bullish..weird.
If you look at the news you will find 2 totally different views on this revised jobs data,
For the pro democrat news channels its great "a cooldown in the overheated labour market"
For the pro republican news channels "it shows previously manipulated jobs data to hide the US economy is in terrible shape".
Honestly at this point who knows what data is correct and how much it is altered for political agenda, including what the Fed says or does.
Most importantly for short term price is that it seems like the overall market wants/being led to the last stage of Euphoria.
A few weeks ago a 0.15% rise in interest rates by Japan led to a global stock and crypto crash, the butterfly effect on steroids.
If this is not a warning and a sign of global economic concerns then I don’t know what is, the market seems to have forgotten that... for now.
I don’t trust any short term (days) crypto price at the moment, up or down, you probably should not either.
Patience is key, the sentiment could change in an instant with the economic and political agenda, it could offer good spot entries in the months to come, also good shorts if fomo pumps the Overall MC to the 2.6T market cap region.
Nearing 2.6T i would look to take profits and short fomo projects at low leverage, just my opinion.
I would strongly advise against chasing moves in the market with high leverage/margin, i really think we will see a lot of unpredictable price action in the coming months.
Buying BTC on dips is never a mistake.👍
Trade safely.
Peace.
#PowellAtJacksonHole #SahmRule #CryptoMarketMoves #BTC☀