Crucial levels for Bitcoin after crossing $60,000
(note: the post contains data by CoinPedia)
The BTC price yet again tested the resistance at $60,000 and is trying very hard to sustain above the gains. The bullish probability has emerged with the expectation of reclaiming the upper targets, which may pave the way for the token to rise towards new highs. A popular analyst, Michael van de Poppe, says that the Bitcoin price is required to bounce to the final resistance as the markets have begun to break out.
The analyst believes that the bulls have begun to intensify their activity and hence the BTC price is required to bounce and reclaim the final resistance at $62,000. If this happens, he predicts that the token may form a new ATH before the end of the quarter. Besides, the ETF inflow has also come in positive ranges, which may fuel the rally.
The price has been constantly failing to rise above the resistance since the start of the month. Moreover, it has displayed a couple of fakeouts in recent times which has raised concerns over the prevailing price action. Although the levels continue to hold above the triangle, a drop back within the pattern may validate another fakeout, which may drag the levels below the ascending support. This may signal another market crash as the exhaustion of the bulls may reach its peak, causing a more than 15% drop in Bitcoin (BTC) prices.
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$BTC
{future}(DOGEUSDT)
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🚀 Vitalik Buterin Endorses Optimism's Ethereum Vision 🚀$ETH $FTM $ORDI 🌏⤴️🪙
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{spot}(FTMUSDT)
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Vitalik Buterin, the co-founder of Ethereum, has publicly endorsed Optimism's efforts to standardize asset transfers within the Ethereum ecosystem. This endorsement is significant, as it highlights the importance of Optimism's work in contributing to the growth and development of Ethereum.
🔍 REMOTESTATICCALL: A Key Innovation
Vitalik Buterin specifically commended Optimism's work on REMOTESTATICCALL, a innovative solution that enables more efficient and secure asset transfers. This technology has the potential to greatly improve the user experience and scalability of Ethereum.
📜 Future Plans: Enhancing Interoperability and Efficiency
Buterin also outlined future plans to further enhance Ethereum's interoperability and efficiency. These plans include:
- Standardizing on-chain specific addresses 📝
- Implementing on-chain specific ENS (Ethereum Name Service) 📈
- Developing ERC-3668 light clients for improved interoperability 🔗
These developments aim to create a more seamless and interconnected Ethereum ecosystem, enabling greater adoption and use cases.
🌐 Optimism's Contribution to Ethereum's Evolution
Optimism's work, endorsed by Vitalik Buterin, is a crucial contribution to Ethereum's ongoing evolution. By standardizing asset transfers and improving interoperability, Optimism is helping to:
- Enhance user experience
- Increase scalability
- Expand use cases
🔜 What's Next?
As Ethereum continues to evolve, it's essential to stay informed about the latest developments and innovations. Vitalik Buterin's endorsement of Optimism's work highlights the significance of collaboration and innovation in shaping Ethereum's future.
⚠️Robert Kiyosaki Warning
Robert Kiyosaki, author of Rich Dad Poor Dad, is issuing a warning regarding the US Federal Reserve's actions, which he believes pose a significant threat to the financial market. Here's a summary of his message:
- The Federal Reserve's manipulation of interest rates, money printing, and bailouts are creating an unstable financial environment.
- Individuals should not rely on the Fed to save them, but instead take control of their financial future.
- Kiyosaki recommends investing in safe-haven assets, including:
1. Gold, a traditional store of value and hedge against inflation.
2. Silver, a precious metal with great potential.
3. Bitcoin, a decentralized digital currency resistant to manipulation.
- By investing in these assets, individuals can protect themselves from market crashes, financial manipulation, and potential economic downturns.
- Kiyosaki's message emphasizes the importance of taking charge of one's finances and diversifying investments to ensure a secure financial future.
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Technical Analysis Report: $BRETT/USDT
Current Price: $0.09248
Resistance: $0.09570
Support: $0.08335
Analysis: $BRETT/USDT is currently trading at $0.09248, with a slight dip of 0.75%. The price is hovering near the resistance level of $0.09570. A breakout above this resistance could signal a bullish move, with potential targets at $0.10000 and $0.10500. However, failure to break this level could lead to a pullback towards the support at $0.08335.
Traders should watch for a confirmed breakout above $0.09570 for a long trade, or consider a short trade if the price drops below $0.09000, targeting the support at $0.08335.
Long Trade: Enter above $0.09570 with targets at $0.10000 and $0.10500, and a stop loss at $0.09000.
Short Trade: Consider entering below $0.09000 with targets at $0.08500 and $0.08335, and a stop loss at $0.09570.
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Toncoin hits record high daily active addresses, but is TON a ‘bubble’? – analysis by AMBCrypto
The TON Masterchain has reached a record of 946 daily active addresses, a 7x increase since July 2021, as Kyledoops noted on X (formerly Twitter).
This growth reflected rising network activity, the expansion of dApps and work chains, and potential higher demand for Toncoin (TON).
Although some analysts suggested that the TON blockchain might be a bubble due to its low daily active user count, broader market metrics challenge this view, indicating the network’s solid progress and potential in the long-term.
First, Toncoin has shown strong potential as a top coin to hold on the support.
The TON/USDT weekly chart revealed a reversal candle with a long tail, indicating bullish pressure, supported by growing volume in recent weeks.
Moreover, Bollinger Bands are tightening, suggesting a potential squeeze, but the best bet lies in the breakout to the upside.
On the daily time frame, Toncoin was nearing a breakout above 100 simple moving average, which has posed some resistance.
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$TON
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$SFP /USDT
In trading, understanding support and resistance levels is crucial for making informed decisions. These levels act as psychological barriers where the price of an asset tends to react, either reversing its direction or breaking through to new levels.
**Support** is the price level where an asset tends to find buying interest, preventing it from falling further. Traders view it as a "floor" because prices tend to bounce back up when they reach this level. Support is often formed when prices repeatedly hit the same level without dropping lower, signaling strong demand.
**Resistance**, on the other hand, is the price level where selling interest surfaces, halting the asset's upward momentum. It's considered a "ceiling" because prices often struggle to rise above it. Resistance levels form when prices hit a certain point and repeatedly fail to move higher, indicating that sellers are dominating.
When prices break through these levels, it can indicate a significant shift in market sentiment. A break above resistance may suggest the start of an uptrend, while a break below support could signal the beginning of a downtrend. Monitoring these levels helps traders identify potential entry and exit points, manage risk, and improve their overall trading strategies.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
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🚀 **Bitcoin Breaks $60K Again Amid Market Recovery!** 🚀
- **BTC Price Surge**: Bitcoin (BTC) jumped 2% in the last 24 hours, now trading at $60,800. Daily trading volume spiked 30% to $34.8 billion, with a market cap of $1.2 trillion.
- **OTC Desk Balances**: CryptoQuant reports a 71.2% increase in BTC OTC desk balances for miners over three months, hitting 368,000 BTC. Historically, such spikes signal potential price drops.
- **Retail Accumulation**: Santiment data shows retail investors are accumulating BTC, with exchange outflows surpassing inflows.
💬 **Thoughts on BTC's future? Share below!** 💬
Read more: [TRON revenue hits new ATH](https://t.co/N8sTmKsaPI)
🔥🔥🔥 #Shibalnu ($SHIB ) Set for Bullish Breakout: Experts Predict Potential 6X Growth Amid Market Optimism
Shiba Inu (SHIB) Poised for Major Breakout
Bullish Sentiments & Key Resistance:
- Analysts, including Ronimus Prime, are optimistic about Shiba Inu (SHIB) potentially breaking through key resistance levels, particularly the 50 Moving Average (MA). SHIB is consolidating near critical support, with a potential surge if it surpasses these barriers.
Technical Indicators & Market Timing:
- Ronimus Prime emphasizes the importance of the 50 MA on weekly and 4-hour charts. The upcoming FOMC meeting in September could be a catalyst for SHIB’s movement, with Fibonacci retracement levels indicating a pivotal moment.
Short-Term Targets & Patterns:
- Prime targets $0.00001600 for SHIB, contingent on favorable Federal Reserve actions. Analyst Javon Marks also identifies a Falling Wedge pattern, suggesting a breakout and setting a target of $0.000081, hinting at nearly 498% growth.
Conclusion:
SHIB is at a critical juncture, with analysts predicting a bullish breakout if key resistance levels are breached. The FOMC meeting’s outcomes could significantly impact SHIB's trajectory, potentially leading to substantial gains.
Source - en.coinotag.com
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El Salvador's Government Workers to be Bitcoin Certified🎓
El Salvador has embarked on an exciting initiative to certify 80,000 government workers in Bitcoin. Spearheaded by the National Bitcoin Office (ONBTC), this program seeks to improve the public sector's grasp of Bitcoin and its effective management. The training will be thorough, addressing multiple facets of Bitcoin, such as legal regulations, management techniques, and its practical use as legal tender.
This effort is part of El Salvador's larger strategy to weave Bitcoin into its economy and public administration, showcasing the nation's forward-thinking approach to cryptocurrency.
What do you think about the move?
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🎉 Shibarium Celebrates 1st Anniversary 🎉
$SHIB 🌏⤴️🪙
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📊 *417M Transactions*: Shibarium has processed over 417 million transactions since its launch, demonstrating high user engagement and adoption. 📊
💸 *New Burn Portal*: A new burn portal has been introduced, allowing users to burn SHIB tokens and reduce the supply, potentially increasing the value of remaining tokens. 💸
🔥 *3 Hard Forks*: Shibarium has undergone three hard forks - Delhi, Indore, and Shanghai - which have added new functionalities to the network, improving its performance and capabilities. 🔥
💰 *Low Gas Fees*: Despite high activity, gas fees on Shibarium have remained relatively low, making it an attractive platform for users and developers. 💰
📈 *1.8M Wallets*: Over 1.8 million wallets have been created on Shibarium, showing strong adoption and user growth. 📈
🔒 *$12M Secured*: The Shiba Inu team has secured $12 million for Shibarium's future growth and development, ensuring continued innovation and improvement. 🔒
🌟 *Future Developments*: Shibarium's roadmap includes further upgrades, new features, and expanded use cases, solidifying its position in the crypto ecosystem. 🌟
The cryptocurrency market can be a tough teacher. Often, smaller investors enter the space with high hopes, only to find their investments dwindling while the wealth flows toward the larger players. In this market, it's typically the big investors who manage to secure profits, while smaller investors bear the brunt of losses.
My four years in the crypto world have taught me one crucial lesson: focus your investments on solid, proven assets like $BTC , $ETH , $SOL , and XRP. These are the pillars of the market, offering more stability compared to the countless speculative tokens that promise much but deliver little.
Instead of chasing the allure of a new presale or an obscure altcoin, consider placing your trust in Ethereum or other established assets. Your capital is likely to grow more consistently there, avoiding the pitfalls that many face when venturing into less reliable territories.
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