💥💥💥 #bitcoin☀️ on Track for Six-Figure ATH, Analyst Maintains Target
Bitcoin Eyes New All-Time Highs Amid Market Volatility
CryptoCon’s Bold Prediction:
- Despite market fluctuations, analyst CryptoCon is confident that Bitcoin will reach new all-time highs by late 2025. He bases this prediction on his “November 28th Cycles Theory,” which suggests that Bitcoin will hit a significant peak around late 2025, potentially reaching six figures. He views the March 2024 high as just the beginning, with the main rally expected in 2025.
Navigating Market Conditions:
- Veteran trader Peter Brandt notes Bitcoin’s uncertain direction, suggesting that a decisive move will depend on breaking key levels like the $74,000 resistance. Both Bitcoin and Ethereum exhibit similar technical patterns, keeping traders in a wait-and-see mode.
Bitcoin Holds Steady Amid Major Transfers:
- Despite recent transfers linked to the defunct Mt. Gox exchange, Bitcoin remains around $60,000. Mt. Gox has moved significant $BTC amounts, including a recent $1.97 billion transfer, with more distributions expected. Bitcoin's price stability amid these transfers hints at resilience in the market.
Source - thecoinrepublic.com
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📊 $BTC #CryptoQuant : Bitcoin OTC Desk Balances Soar to Two-Year Peak!
Bitcoin OTC desk balances for miners have increased by more than 70% over the past three months, rising from 215,000 BTC in June to 368,000 BTC in August - an increase of 153,000 BTC.
These balances have not reached such levels since June 2022.
Miners often turn to OTC (Over-the-Counter) deals to sell Bitcoin, seeking better execution without impacting the market price as they might on exchanges.
The substantial rise in OTC desk balances suggests significant selling activity among miners.
Historically, increases in Bitcoin OTC desk balances have been associated with declines in Bitcoin prices.
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Fantom Price Rally: Is FTM Poised for Continued Gains?
The #Fantom price is displaying strong bullish momentum on the 4-hour chart, with the recent price action indicating a potential breakout. As the Fantom price climbs, traders are closely watching several critical resistance levels, which could determine the next direction of movement.
The Fantom price has been steadily rising, with the closing prices showing consistent gains over the last few periods. This upward trend is supported by the 9 EMA (Exponential Moving Average), which has crossed above the 20 EMA, a classic bullish signal indicating that the market is gaining strength. As long as the 9 EMA remains above the 20 EMA, the short-term bullish sentiment is likely to continue, potentially driving the price higher.
The MACD (Moving Average Convergence Divergence) further reinforces this bullish outlook. The MACD line has been consistently above the signal line, and the growing histogram suggests increasing buying pressure. This momentum could push the Fantom price towards the next resistance levels at $0.4659, $0.4698, and $0.4717. A break above these levels could open the door for further gains, making these points critical for traders considering long positions.
However, traders should also be aware of the potential for a pullback. The RSI (Relative Strength Index) has reached overbought levels, indicating that the asset may be due for a correction before resuming its upward trend. If a pullback occurs, the support levels at $0.451, $0.4455, and $0.4442 could provide a safety net for the Fantom price, offering potential entry points for those looking to capitalize on the next leg of the rally. $FTM #FTM The full analysis and trade strategy were posted on www.ecoinimist.com.
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Pepe Coin Price Flashes a Bullish Signal with 70% Upside Potential
Pepe Coin price has not been as bullish as other top-ranking cryptocurrencies because, from analysis of investor behavior, the market is divided between bearish traders and bullish long-term investors. While Pepe secured a free listing in the upcoming Hong Kong-based HashKey exchange, the asset is struggling under heavy resistance. The price of PEPE hovered around $0.00000785 during the London trading session, a 1.3% uptick.
Whales vs Traders – Where Will Pepe Coin Price Follow?
The current stagnation in Pepe Coin price stems from a struggle between large holders and retail traders. While whales are accumulating PEPE and anticipating a price rise, retail traders seem to be bearish on the asset.
The PEPE Crypto Derivatives Visualizer shows that traders are closing their Short positions in profit since the open interest (OI) dropped while the price increased. Usually, when Shorts close, they tend to open Long positions, but a second metric suggests this may not be true.
A side-by-side comparison of the OI and cumulative volume delta (CVD) shows that both are dropping. When this happens, it signifies that long positions are being closed. This means that although Shorts are closing in profit, no new Long positions are opening, which can be a bearish indicator for the PEPE.
Conversely, PEPE large holders remain strong in their resolve to accumulate the meme coin. Data from Santiment shows an increase in whale activity over the last 48 hours. The red spikes show increased transactions from whales with more than $5 million worth of PEPE, while yellow spikes represent $100,000 net-worth whales. The blue rising histogram represents the active addresses, which have increased over the last 24 hours, signaling new users have entered the PEPE fold.
The whales and new users are on to something, as the Pepe Coin price chart hints at the possibility of a 68% surge in price in the future.
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Binance, one of the leading cryptocurrency exchanges, has announced plans to expand its workforce by 1,000 employees, focusing heavily on regulatory compliance roles. This move comes amid increasing global scrutiny and regulatory pressures on the cryptocurrency industry. Despite the expansion, market sentiment remains cautious as regulatory challenges continue to pose significant risks. The emphasis on compliance highlights the ongoing struggle for legitimacy and stability within the sector. Investors and stakeholders should remain vigilant as the regulatory landscape evolves, potentially impacting market dynamics and future growth prospects.
$DOGS MEMECOIN MANIA: PRICE PREDICTION AND PROFIT POTENTIAL ‼️
The upcoming listing of the $DOGS memecoin has generated significant excitement, with many wondering about its potential listing price. Crypto analyst Gautamgg.eth/sol shared a detailed price prediction, comparing $DOGS to another popular token, Notcoin $NOT.
Based on the analysis, the estimated price for $DOGS could be around $0.0016, with a potential market cap of $650-750 million on its first day. This could result in profits of $52-60 per account, assuming a 1:1 token ratio.
However, it's essential to remain cautious and not have unrealistic expectations. The crypto market can be unpredictable, and prices may fluctuate rapidly. Stay informed and be prepared for any outcome.
Remember, this post is for informational purposes only and does not constitute financial or investment advice.
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🔥🔥 Crypto corporations have become the dominant force in federal election spending, spending over $119 million to influence the U.S. election outcome.
According to a report by the non-profit organization Public Citizen, nearly half of all corporate money contributed to this year’s United States elections came from crypto backers, totaling $248 million.
This makes the crypto industry the largest corporate political spender in 2024, with Koch Industries, primarily known for oil and gas, a far second, contributing $28.25 million to support Republican candidates and causes.
According to the report, the massive investment has primarily been funneled into the nonpartisan super PAC Fairshake, which is dedicated to electing pro-crypto candidates and defeating those skeptical of the sector.
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$TWT /USDT
**Understanding Support and Resistance in Trading**
In trading, support and resistance are fundamental concepts that help traders make informed decisions. **Support** is a price level where a downward trend is expected to pause due to a concentration of buying interest. When the price approaches support, it often "bounces" back up, as buyers enter the market, perceiving it as a good buying opportunity. If the price breaks below the support level, it may signal a continued downtrend, with the former support becoming a new resistance.
**Resistance** is the opposite. It’s a price level where a rising trend is expected to pause due to a concentration of selling interest. When the price nears resistance, it often "reverses" downwards, as sellers take control. If the price breaks above resistance, it may indicate a continued uptrend, with the former resistance becoming a new support.
Identifying support and resistance levels is crucial for setting entry and exit points, managing risk, and predicting market movements. They are dynamic and can change with market conditions, but mastering them can significantly enhance trading strategies.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
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$DOT Coin Analysis:
$DOT is showing signs of life, up 1.47% in the last 24 hours to $4.66! This modest gain is a positive indicator, especially considering DOT's historical performance, where it has closed above its opening price 49.93% of the time.
However, it's crucial to acknowledge the significant gap between current prices and DOT's all-time high of $53.31, reached approximately 2 years and 9 months ago. The current price represents a substantial 91.25% pullback from that peak, potentially presenting a long-term buying opportunity.
With DOT's recent momentum and deeply discounted price, traders may see this as an attractive entry point. Keep a close eye on DOT's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $6.00 level could indicate a potential reversal, and a retest of the $10.00 level is not out of the question. DOT's strong fundamentals and growing adoption make it a promising candidate for a long-term recovery.
#CryptoMarketMoves #BinanceBlockchainWeek #shabana #Write2Earn! $BTC
$FLOKI Coin Alert:
$FLOKI is on the move, up 4% in the last 24 hours to $0.000130! This upward momentum is a promising sign, especially considering FLOKI's historical performance, where it has closed above its opening price 46.56% of the time.
Although FLOKI is still trading at a significant discount from its recent high of $0.000320, reached just 2 months ago, the current price represents a potential buying opportunity. The 59.40% pullback from its peak could be an attractive entry point for traders looking to capitalize on a potential recovery.
With FLOKI's recent momentum and deeply discounted price, traders may see this as a chance to get in on the ground floor of a potential rebound. Keep a close eye on FLOKI's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $0.000180 level could indicate a potential reversal, and a retest of the $0.000250 level is not out of the question.
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$LINK Coin Breakout:
$LINK is surging, up 10% in the last 24 hours to $11.40! This significant gain is a bullish indicator, especially considering LINK's historical performance, where it has closed above its opening price 50.82% of the time.
Although LINK is still trading at a substantial discount from its all-time high of $50.07, reached approximately 3 years and 3 months ago, the current price represents a potential buying opportunity. The 77.23% pullback from its peak could be an attractive entry point for traders.
With LINK's recent momentum and deeply discounted price, traders may see this as a chance to capitalize on a potential recovery. Keep a close eye on LINK's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $15 level could indicate a potential reversal, and a retest of the $20 level is not out of the question. LINK's strong fundamentals and growing adoption make it a promising candidate for a long-term rebound.
#MtGoxRepayments #Write2Earn! #shabana #CryptoMarketMoves $BTC
Auto driver In India says he accepts cryptocurrency as payment
An auto driver in Bengaluru is making waves on social media after a picture of a notice he put up inside his vehicle went viral. "We accept crypto currency," read a piece of paper stuck above the windshield.
"Bro is transforming faster than most literate Indians," wrote Garima Sharma (@Garimaoo2) who shared the picture on X.
The post amused a number of X users.
"He must be attending those web3 hackathons in parallel I bet," wrote ctrus (@ctrus_move). "Bro knows more about web3 than I could ever know," added Apocalypse (@Apocalypse3007). A third user asked, "Can I pay with meme coins?"
The new tax provisions came into effect from April 2022. In addition, a 1 percent tax deducted at source (TDS) was introduced on every transfer of such assets. Meanwhile, industry experts believe that the introduction of the crypto tax was a positive step that showcased India’s willingness to adopt a progressive approach, but now is time for the government to treat the crypto industry on par with other industries. They also have been demanding the government address the legality of such assets and its parity with others.
A key benefit of investing in traditional assets such as stocks, gold and bonds is the facility to set off losses in an asset against gains in another during that particular year and carry forward unadjusted losses for future adjustments. But, the losses from one crypto asset can’t be adjusted against gains from another, and no carry-forward of losses is allowed.
$BTC $ETH
$NOT Coin Market Update:
$NOT is experiencing a stagnant period, with a mere 0.01% gain in the last 24 hours to $0.0107. Historically, NOT has struggled to maintain momentum, closing above its opening price only 40% of the time.
Despite this, it's worth noting that NOT is trading at a significant discount from its recent high of $0.0238, reached just 2 months ago. The current price represents a substantial 54.87% pullback from that peak, potentially presenting a buying opportunity for those who believe in NOT's long-term potential.
Traders may see this as an attractive entry point, given NOT's deeply discounted price and potential for recovery. Keep a close eye on NOT's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $0.015 level could indicate a potential reversal, and a retest of the $0.020 level is not out of the question.
#PowellAtJacksonHole #BinanceBlockchainWeek #Write2Earn! #shabana $BTC
🚀 **Fantom Soars 17%!** 🚀
Fantom (FTM) surged 17% on Aug. 22, trading at $0.461. Daily trading volume doubled to $284M, with a market cap of $1.29B, ranking it 62nd among top cryptos.
📈 **Key Highlights:**
- Price up 67% since Aug. 5 crash
- Current price: $0.4621, above upper Bollinger Band ($0.4520), signaling potential breakout
- RSI at 61.93, not yet overbought
**Market Insight:**
Strong bullish sentiment, but traders should watch for rapid changes that could lead to quick retracement.
💬 **Thoughts? Predictions?** Share in the comments!
Daily Report - August 22, 2024
https://t.co/U8A2dSxEwn Trend:
•The market experienced a choppy rebound, with a focus on small and speculative stocks indicating a liquidity crunch.
•U.S. stocks rebounded as the Federal Reserve minutes hinted at a possible rate cut in September.
https://t.co/v2IrCI3fvS Hotspots:
1.FTM Public Chain: FTM saw gains as it plans to transition to a new EVM-compatible chain called Sonic, along with launching a developer incentive program.
2.MATIC Public Chain: MATIC increased in value, with ecosystem projects like QUICK following suit. MATIC will rebrand to POL on September 4th, primarily due to the complete release of the old tokens, allowing for continued issuance with the new token.
3.Old DeFi Projects: Tokens like FXS, UNI, AAVE, and AEVO rebounded. Vitalik Buterin publicly endorsed the Ethereum chain, and AAVE’s quarterly revenue exceeded its previous bull market peak.