As of 2021, Nakamoto is estimated to own between 750,000 and 1,100,000 Bitcoin. In November 2021, when Bitcoin reached a value of over $68,000, his net worth would have been up to $73 billion, making him the 15th-richest person in the world at the time.
Bitcoin is consolidating within a symmetrical triangle pattern, trading just below the Ichimoku Cloud, which is serving as a resistance zone. Additionally, the 200-day moving average is positioned above the pattern, adding further resistance.
A decisive breakout or breakdown from the triangle is necessary to confirm Bitcoin's next major move. Patience is key until a clear direction is established.$BTC
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#Bitcoin 🪙 has an ascending harmonic pattern that is approaching the buying range and after that we expect to rise, and we can expect targets of 55970 - 62657.8 in the short term.
#BTC The buying range is 51530 - 49501. But if this pattern does not work and the price touches 46224.1, the upward scenario will be canceled. $BTC
-#BTC has been moving within that channel for the past six months -For BTC's price to rise further, it needs to break through the resistance at the midpoint of the channel (59K) -If it fails to break through that resistance, there's a possibility that it could drop to the channel bottom at 50k
#ZRXUSDT is currently nestled within a key demand zone around $0.3 , and it’s showing signs of a potential breakout. The price has been hugging a descending resistance, but it’s now edging closer to a critical juncture. If we see a break above resistance, it could trigger significant bullish momentum. However, if the momentum stalls and the price fails to hold this support, we might see a bullish rebound from around $0.24 . Keep in mind, though if the price breaks below this level, it could invalidate the bullish setup and lead to a significant drop.$
#BTC/USDT ANALYSIS Bitcoin is currently trading within a symmetrical triangle pattern, attempting to break through the resistance trendline after rebounding from the support. The Ichimoku Cloud indicates bullish momentum, reinforcing the potential for an upward move. However, a decisive breakout is essential to confirm the continuation of this bullish trend.$BTC
#ENSUSDT hit the support of upward dynamics and had some return. The resistance level of $27.50-$31.00 strongly hindered the price growth, and the price dropped more than 45% from that level. Although the first dynamic support has been broken, the main support has supported the price well so far, and its break is far from expected. The main scenario for #ENSUSDT is to grow again to the resistance level and try to break it.
An ascending harmonic pattern has formed in the #Ethereum price chart in the time frame of the hole. Finally, after a lot of resistance, the price dropped more than 25% from the support level of $2870-3030 and reached the bottom of the ascending channel. Maintaining the current level is very important for the price because it is both the bottom of the ascending channel and the important demand level, if the price loses the current position it may fall to $1530. The main scenario for now is price relaxation and reduced volatility.
An ascending harmonic pattern has formed in the #Ethereum price chart in the time frame of the hole. Finally, after a lot of resistance, the price dropped more than 25% from the support level of $2870-3030 and reached the bottom of the ascending channel. Maintaining the current level is very important for the price because it is both the bottom of the ascending channel and the important demand level, if the price loses the current position it may fall to $1530. The main scenario for now is price relaxation and reduced volatility.
#Arbitrum continues its downward trend and has left the ascending channel that was formed in the daily time frame. The downward trend line that the price continues to respect, and now after breaking the support level of $0.7350-$0.7850 , we can expect the price to continue decreasing to $0.5000 . When the price can break the dynamic resistance and this failure is confirmed, the trend will change.
#KSM is currently navigating within a falling wedge pattern, a formation typically seen as bullish. The price is heading towards the upper resistance of this channel, and we've noticed an accumulation phase on the 4-hour timeframe, which supports a bullish outlook. A breakout above the wedge's upper resistance will be promising, but remember, confirmation is crucial. You need to wait for a successful retest of the breakout level to ensure it's not a false signal. There is a major resistance between $27 - 24.5 .
#API3 is still moving in a downward channel, although the resistance of $1.900-$2.000 was broken first, but this failure was not confirmed and the price again fell below this level after facing the dynamic resistance of the downward channel. According to the change in the current market trend, the possibility of the price returning to the demand area of 1.430-1.500 dollars will increase. If the specified resistances are broken, the price can reach $3.300.
#TRX/USDT ANALYSIS TRX is currently trading within an ascending triangle. The 21MA and the Ichimoku cloud are both indicating bullish strength. A breakout above the triangle would signal a bullish trend, while a breakdown would indicate a bearish trend.
#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is trading above the Ichimoku cloud following a strong upward move from the channel's support trendline. A breakout above the channel would indicate further bullish momentum for the crypto market. Conversely, if the market cap breaks below the Ichimoku cloud, which is currently acting as support, we could expect a downward movement.
Market Update - Overnight Bitcoin has rejected from the trendline resistance at $68.5k. This now gives us 4 hour supply just around the Prev Week High of $68.3k so a big level to break. The CME gap at $67.2k has just been filled, potentially this gives us support, but our 4 hour range until broken is $66.5k - $68.5k. Likely a week of volatility and opportiunities