👉👉👉 #bitcoinprice Prediction: Has the Journey to $100K Stalled?

Bitcoin’s Market Insights: Consolidation, Institutional Growth, and Price Predictions

1. Consolidation Phase: Healthy Cooling for Long-Term Growth

- Bitcoin's rally has prompted a consolidation phase, with downside targets between $70,000 and $77,000. Such corrections establish strong support levels, crucial for sustained growth. Despite short-term hurdles, whale accumulation signals robust confidence in Bitcoin's long-term potential.

2. #Memecoin🤑🤑 Volume Correlation

- Surges in meme coin trading volumes historically align with Bitcoin’s market peaks, often followed by corrections. Bitcoin’s dip below $90,000 after trading above $91,000 signals resistance near the $100,000 mark. Overbought RSI levels suggest investors should monitor meme coin activity for signs of a reversal or continuation.

3. Inflation and Institutional Momentum

- Rising U.S. inflation and BlackRock’s #BitcoinETFs boost Bitcoin's correlation with traditional markets. Analysts predict Bitcoin could hit $150,000–$200,000 by 2025, strengthening its role as an inflation hedge and institutional asset.

4. #MicroStrategy's Bitcoin Leadership

- MicroStrategy, holding over $26 billion in BTC, is the largest publicly traded Bitcoin holder. Since 2020, it acquired 279,240 BTC at an average cost of $42,888. CEO Michael Saylor aims to turn the company into a trillion-dollar Bitcoin bank, highlighting institutional adoption.

5. Path to $100,000 and Beyond

- Bitcoin’s recent peak of $93,400 suggests it remains undervalued according to metrics like the MVRV ratio. With strong liquidity and growing U.S. investor interest, analysts anticipate a move past $100,000. However, minor selling pressure from miners could prompt short-term corrections, emphasizing the importance of market liquidity monitoring.

Outlook:

Bitcoin’s consolidation and institutional interest set the stage for long-term growth, with potential milestones of $150,000–$200,000 in the coming years.

#BinanceSquareBTC

💥💥💥 $XRP Retreats 14% After Multi-Year High: Is the Rally Over?

XRP Experiences Volatility Amid #WhaleActivity and Profit-Taking

- XRP’s recent rally to $1.38 on November 16, a 56% surge, was followed by a 20% drop on November 17, triggering significant token movements and redistribution of holdings.

Whale Activity and Exchange Reserves

- CryptoQuant reports a 3% increase in XRP exchange reserves, with 38.26M tokens added during the rally. On November 17, Whale Alert noted a large 10M XRP ($11.5M) deposit into Bitstamp, signaling profit-taking by a major holder.

Accumulation by Whales, Selling by Retail Santiment data highlights contrasting behaviors:

1. Wallets holding 1M–100M XRP accumulated 393.2M XRP (~$452.18M) last week.

2. Retail wallets (<1M XRP) sold off 65.7M XRP (~$75.55M).

Derivatives Market Volatility

- CoinGlass reported $12.6M in XRP liquidations on November 17, with $9.1M from long traders caught by the sharp pullback to $1.15. Liquidations continued, reflecting heightened volatility.

Bullish Long-Term Outlook

Despite short-term fluctuations, XRP’s long-term projections remain strong:

1. 2030: $5.36–$6.36 (Changelly); $12.34 (Telegaon).

2. 2040: $255.67–$325.86.

3. 2050: $410.96–$482.87.

Short-term forecasts include:

1. 2024: Up to $1.90 (Coin Price Forecast).

2. 2025: $1.80–$3.00 (CoinDCX); max of $2.21 (Margex).

Market Sentiment

- Technical indicators show 88% #BullishSentiment and a Fear & Greed Index of 86 (Extreme Greed), reflecting confidence in XRP’s future despite ongoing volatility.

#BinanceSquareBTC #CryptoTrends2024

🚀🚀🚀 #bitcoin☀️ Eyes $97K: #BullishMomentum Suggests Major Upside Potentia

Bitcoin Eyes $97,600 Amid Strong Technical Signals and Market Speculation

- Bitcoin ($BTC ) appears poised for another rally, recently reaching $91,199 before a minor retracement. Analysts now target $97,600, supported by Fibonacci levels and bullish Ichimoku indicators. However, market volatility remains a concern as traders navigate heightened speculation and overbought conditions.

1. Why Bitcoin Shows Strength

Bullish Momentum and Fibonacci Levels:

- The weekly chart reveals a strong uptrend, with BTC trading above key Ichimoku lines, affirming upward momentum. Fibonacci levels place $97,600 as the next critical resistance, while the Lagging Span suggests more room for growth.

Surge in Futures Trading Volume:

- Bitcoin futures trading volume hit $129 billion this week, with Binance contributing $50.2 billion. This surge indicates significant market interest, though excessive leverage raises concerns of sharp corrections.

#RSI Signals Overbought Conditions:

- The Relative Strength Index (RSI) at 75 indicates overbought territory, signaling potential pullbacks. A correction could bring BTC to $78,807, a key Fibonacci support level, before resuming upward momentum.

2. Beyond the Charts: Geopolitical Influence

Bitcoin as a Strategic Reserve Asset:

- Reports suggest that Donald Trump, if re-elected, might advocate for Bitcoin as a reserve asset, potentially replacing gold. This narrative strengthens Bitcoin's long-term appeal and positions it as a hedge against traditional financial uncertainties.

3. Caution Amid Optimism

- Bitcoin shows strong fundamentals and technicals, but excessive altcoin leverage and high funding rates (up to 100%) pose correction risks. Analysts advise patience as Bitcoin nears $97,600.

Key Levels to Watch:

- Resistance: $97,600

- Support: $78,807

The path to $97,600 offers opportunities but demands caution. Success will depend on navigating short-term volatility and executing well-informed strategies.

#BinanceSquareBTC #BitcoinRally

💥💥💥 #bitcoin☀️ Approaches $90,000 Following #trumpwin and Market Optimism

Bitcoin Nears $90,000 Amid Trump-Driven Crypto Optimism

- Bitcoin surged to $89,637, up 25% since Nov. 5, as Trump’s presidential win boosted expectations for a pro-crypto administration. This "Trump trade" has driven demand for crypto assets and stocks, with Tesla also up nearly 40%. Trump’s support for digital assets, including a potential U.S. bitcoin reserve, has sparked speculation across crypto sectors.

- The rally extended to U.S.-listed #CryptoMiners , with Riot Platforms gaining 17%, #MARA Holdings up 30%, and MicroStrategy climbing 26% after a recent $2 billion bitcoin buy. Trump’s launch of World Liberty Financial in September and his intention to replace SEC Chair Gary Gensler added to hopes for a favorable regulatory shift. Investors view this as a sign of political support for bitcoin as a potentially stable asset.

#BinanceSquareBTC

👉👉👉 $XRP Advocate #JohnDeaton Takes Aim at Elizabeth Warren and Gary Gensler Over Crypto Regulation

Pro-XRP Lawyer John Deaton Criticizes Senator Warren and SEC’s #GaryGensler Over Crypto Policies

- Pro-XRP attorney John Deaton has once again voiced his criticism of U.S. Senator Elizabeth Warren and SEC Chair Gary Gensler. Deaton, an outspoken crypto advocate, frequently takes aim at these officials for what he views as an unjust regulatory crackdown on the crypto industry. However, Deaton remains optimistic about a brighter future for the industry.

Deaton’s Role in Transforming the U.S. Crypto Landscape

- Initially, Deaton entered the crypto spotlight by representing XRP holders in the high-profile SEC vs. Ripple lawsuit. Recently, his focus has shifted, especially after his loss to Senator Warren in the Massachusetts Senate race, despite Donald Trump's presidential win. Despite the setback, Deaton believes the real winners are American crypto investors, who he claims have long sought clear regulations.

- Deaton argues that Warren and Gensler's approach has stifled crypto innovation, causing U.S. entrepreneurs to avoid domestic offerings due to legal fears. Recent SEC actions against OpenSea, Uniswap, and Robinhood have driven many crypto firms abroad. Deaton anticipates that Trump’s administration could shift this regulatory landscape.

#Bitcoin’s Rally and Economic Optimism

- Deaton’s comments align with a recent post by Gemini co-founder Tyler Winklevoss, who pointed to Bitcoin’s rally above $88,000 as evidence of how damaging Warren and Gensler’s policies were to the industry. Winklevoss suggests that a shift in administration could spark a “supersonic American economic boom.”
While many expect economic growth under the new leadership, critics like Peter Schiff argue against a Bitcoin Reserve, saying it could destabilize the U.S. dollar. As of this writing, Bitcoin is trading at $89,283.43, up 6.52% over the last 24 hours.

#BinanceSquareBTC #XRPnews

😍😍😍 #bitcoin☀️ in November: 7% Gains So Far—Is a Bigger Rally Ahead?

Bitcoin has risen 7% this November, and analysts are eyeing a surge to $100,000 following Donald Trump’s presidential win. Increased #stablecoin activity suggests traders are gearing up for potential $BTC volatility, while some experts anticipate Bitcoin reaching $200,000 by mid-2025 due to rising institutional interest.

Path to $100K: Analysts Weigh In

- Ryan Lee, lead analyst at #Bitget Research, sees Bitcoin on track to surpass $100,000 in the coming months. The heightened open interest in BTC futures and rising stablecoin usage indicate that traders expect significant price swings, which could propel Bitcoin upward if fresh capital continues entering the market.

- Similarly, Fadi Aboualfa from Copper.co links Trump’s victory to a possible policy shift in the U.S. that may benefit digital assets. He predicts that by January’s inauguration, Bitcoin could reach $100,000. With around 1.1 million BTC held in ETFs, institutional demand is poised to drive further gains.

- Analyst Gert van Lagen highlighted Bitcoin’s recent breakout from a "Descending Broadening Wedge" pattern, signaling potential explosive growth. He projects BTC could hit $200,000 by May 2025, suggesting it’s now primed for parabolic gains.

$100,000 on the Horizon?

- Crypto influencer Lark Davis shared in a recent video his forecast for BTC to reach $100,000 within 90 days, citing Bitcoin’s recent high of $77,000 as a sign of growing market momentum.

- With factors like increased stablecoin dominance, institutional investment, and optimism surrounding Trump’s policies, Bitcoin appears on the cusp of a substantial rally. November’s promising start has investors watching closely, hopeful BTC has much more in store as it heads toward new all-time highs.

#BinanceSquareBTC #BitcoinPricePredictions

🚀🚀🚀 #bitcoin☀️ Hits New High Above $76,000 Following #Trump's Victory

Bitcoin markets surged today, hitting a new all-time high after Donald Trump secured a second term as U.S. president. The leading cryptocurrency reached approximately $76,500 this afternoon, according to Coinbase data on TradingView.

Several analysts attributed this rally to Trump’s reelection. Tim Enneking, managing partner at Psalion, highlighted the strong link between Bitcoin’s price movements and the election outcome. “It’s rare to see such a direct cause-and-effect relationship in public markets,” Enneking noted. “As Trump gained votes, BTC rose; when Harris gained votes, BTC fell.”

Brett Sifling, an investment advisor at Gerber Kawasaki Wealth & Investment Management, echoed this view, stating that “These gains in Bitcoin are largely a result of Donald Trump’s victory.” Sifling added that many market participants viewed the election outcome as favorable for crypto, pointing to Trump’s pro-crypto stance and commitment to bolstering America’s crypto position.

“Trump’s enthusiasm for blockchain is evident, from his #NFT​ drop to launching his own coin,” Sifling continued, emphasizing Trump’s interest in integrating Bitcoin into the financial system.
Looking ahead, several experts shared their price projections. Alice Liu, head of research at CoinMarketCap, expressed optimism. “Analysts are predicting Bitcoin could hit $80,000 or even $90,000 in the wake of Trump’s win, with confidence in a more crypto-friendly environment growing,” she stated.

Greg Magadini, director of derivatives at Amberdata, provided additional insights, referencing Deribit’s options market data. “Dealer positioning suggests $BTC could settle between $80,000 and $90,000 by year-end,” Magadini noted, although he added that the chance of hitting $100,000 by year-end is currently priced at just 7%.

#BinanceSquareBTC #CryptoPricePrediction

🛑🛑🛑 BTC UPDATE Alert! 🚨

Hey everyone! 📉 Just as predicted, $BTC took a dip, but fear not if you've been following our insights! 🔍✨ We saw it coming and were prepared, that's the power of our analysis! 💪

🥳 If you heeded our advice, you're in the clear. That's the beauty of our community – readiness in the face of volatility! 🚀 We don't just predict, we act early!

Remember when I called the drop at $67,300? Now look, it's dancing around $63,000! 😂🔥 It's not magic, it's strategic analysis that sets us apart. Find me another source with this level of insight – I dare you! 🤝

👀 BTC is hovering around $63,000, testing support. Brace yourselves, if it breaks, we might see levels between $61,500 - $60,500. Stay vigilant! 🛡️

We've been on point so far. Stick with us, and let's navigate this volatility like seasoned pros. Together, we're an unbreakable force! 🔥🚀
Stay tuned for more updates. In this community, we lookout for one another and stay steps ahead! 🌐💪

#HotTrends #BTC #TrendingTopic." #BinanceSquareBTC #Write2Eam 📈🔥

🔥🔥🔥 #BitcoinHalving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown?

With Bitcoin's fourth halving event approaching, both excitement and uncertainty grip investors as they anticipate its impact on the digital asset's price trajectory. As the countdown to the halving narrows to roughly three days, market dynamics have taken a tumultuous turn, with significant implications for Bitcoin's future.

Examining BTC's Halving Patterns: Insights Into Pre-Event Price Behavior

- Recent analysis has shed light on a recurring pattern in Bitcoin's price dynamics observed before each halving cycle. This pattern typically involves a notable price decline, a trend seen in previous halving events.

For instance, prior to the second halving, Bitcoin experienced a price drop of 40.36%, hitting a low of $465 before eventually surging to an all-time high of $19,600. Similarly, leading up to the third halving, the cryptocurrency saw a decline of 20.35%, reaching a low of $8,078 before soaring to a peak of $69,000.

In the current halving cycle, the price has already decreased by 16.65%, aligning with the historical trend identified by analysts.

Despite this decline, experts suggest that such reductions are typical before halving events and may not warrant immediate concern. They advise a cautious approach, entering the market gradually at previously identified strategic points. The path to the current cycle's peak remains open, and investors are still in the early stages of this journey.

Market experts hold varying views on Bitcoin's future amid the upcoming halving. Some foresee short-term selling pressure, while others remain optimistic about its long-term impact.
They highlight the potential for the halving to boost Bitcoin's price over time, driven by factors like supply shock and rising demand from spot #BitcoinETFs .

As Bitcoin's price continues to exhibit volatility in the lead-up to the halving, investors remain vigilant, tracking #MarketTrends and developments closely.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC $BTC

$BTC UPDATE on December 21

➡When updating today, $BTC retested 41k8 - 42k to break out to 44k3 but failed because there is still a resistance area above 44k7.

➡In the H4 frame, $BTC is operating in the range of 42k9 - 43k2 with a high possibility of retesting around those 2 areas for further PUMP. If you sew 2 areas 42k9 - 43k2, the probability will be 41k6.

➡Everyone, please pay attention to scalp orders, current Long positions should mainly be aimed at selling positions. Except for the deep positions of swing entry, it still holds position as well as Spot.

Wishing everyone a safe Long Short Life!
#BinanceResignation #BinanceSquareBTC #btc

📢 $BTC Updated on December 19, 2023:

$BTC update :

The day frame after testing the 39k - 40k7 ​​support zone popped up and closed the candle. The green candle's body was quite long, completely covering the previous red candle. Furthermore, the lower moment was quite long, showing buying pressure in the 40k5 price range. quite high, and at the same time determine the RSI analysis between bottoms 1 and 2.

If the price closes above 43k475, it confirms the pattern of 2 bottoms in an uptrend, confirming that the uptrend is likely to continue and the next target is the 46k8 - 48k9 area.

The BTC trend continues to support frame D bulls, however, the price may not be increased immediately, still needs to accumulate. In the H4 frame, bulls gradually regained their advantage, the price could test the 42k - 42k8 range, before continuing to go up.
If the day closes above 43k475, the trend is the 46k8 - 48k9 zone.

However, in my opinion, when BTC increases to the above target area, BTC.D also increases but does not negatively affect altcoins because at this stage there is quite a large cash flow in the market.
#BTC🔥🔥 #BinanceSquareBTC #BinanceResignation #btc

📢$BTC updated on December 17, 2023:

1. Update $BTC :

- $BTC frames the day as a short body candle, continuing to show balance. Short-term trend of reduced preferred usage.

- H4 frame price has broken the trend line. However, the breakout signal was not supported when the RSI was 47. It is very possible that this breakout was a false breakout and the price continued to move down, trending down.

- The daily bullish frame remains supported in the medium and long term. However, in the short term, the bears are supported, the price may correct around 40k7​ - 41k6.

General conclusion:
With the current situation, BTC may have a downward trend to the 40k7​ - 41k6 zone. But BTC.D also tends to support the bears, although not strongly, so altcoins are not affected much. Minimize the decrease amplitude of BTC which is not strong yet, many good altcoins with beautiful charts are even increasing.
#BinanceSquareInsight #BinanceSquareBTC #tradinginsight #BTC🔥🔥

!!ATTENTION FELLOW BINANCIANS !!

BTC will hit 125,031.94$ by 2025

Based on our current Bitcoin price analysis,
it's projected that Bitcoin may experience a
significant 215.46% increase, potentially
reaching $125,931.94 by the end of 2025.
Most technical indicators currently suggest a
bullish sentiment, while the Fear & Greed
Index is at 68.85, signifying some extreme
fear in the market. According to our Bitcoin
forecast, it might be a good time to consider
buying Bitcoin.
On November 3, 2023, various technical
analysis indicators provided mixed signals,
with some indicating a bullish sentiment and
others signaling a bearish one. Nevertheler
the overall market sentiment seems to lea.
towards bullish for Bitcoin price predictions.
Over the past 30 days, Bitcoin has shown a
25.04% increase, which could potentially lead
to a slight recovery in the coming months. By
the end of November, Bitcoin's value surged
by 118.98% to approximately $75,855.52. At
the moment, all indicators are pointing
toward a bullish trend, and the fear & greed
index remains at 68.85, indicating some
degree of fear. According to our analysis, it
might not be the best time to buy Bitcoin
currently.
It's worth noting that Bitcoin is currently
trading below the 200-day simple moving
average (SMA), which has been in a buying
signal since December 31, 2023, for the last
326 days. Additionally, the price of Bitcoin is
currently below the 50-day SMA, signalinga
buy signal.
Taking all these technical indicators into
ccount, it's anticipated that the 200-day
SMA might decrease soon, potentially lear3
to a price target of $28,31 4.13 by the end
December. For the short term in December
2023 and 2024, the 50-Day SMA shows a
Taking all these technical indicators into
account, it's anticipated that the 200-day
SMA might decrease soon, potentially leading

#BTC #BinanceSquareBTC

#BTC bitcoin Bears Keeps Pushing, Why BTC Could Turn Bearish Below $60K?
Bitcoin's price has continued its downward trend, breaching the $62,500 support level and signaling potential bearish momentum that could intensify if it falls below $60,000.
BTC followed a downward trajectory, slipping below the critical $63,000 mark and the 100 hourly Simple Moving Average. The decline extended below $62,000, with the price even dipping beneath $61,200.
Currently, BTC is consolidating losses after reaching a low of $60,888. Any attempt at a recovery may encounter resistance near the $62,000 level, as well as the 23.6% Fibonacci retracement level of the recent decline from the $65,500 swing high to the $60,888 low. Moreover, a bearish trend line is forming with resistance at $62,000 on the hourly chart of the BTC/USD pair.
Bitcoin is presently trading below $63,000 and the 100 hourly Simple Moving Average, adding to the bearish sentiment. Immediate resistance is expected near the $61,800 level, followed by more significant hurdles at $62,000 and $63,200, the latter being close to the 50% Fibonacci retracement level.
The primary obstacle for bulls lies at $63,800, with a clear breakthrough potentially propelling the price towards $64,450. However, if BTC fails to breach the $62,000 resistance zone, further downside movement is likely. Immediate support awaits near $60,850, followed by the crucial $60,000 level. A close below $60,000 could trigger a drop towards $58,000, with additional losses potentially leading to the $56,500 support zone.
Technical Indicators:
- The hourly MACD indicates increasing bearish momentum, while the hourly RSI for BTC/USD is currently below the 50 level, suggesting prevailing bearish sentiment.
- Major Support Levels: $60,850, $60,000
- Major Resistance Levels: $62,000, $63,200, $64,450
Source - newsbtc.com
#CryptoNews🚀🔥V 🔒📰🚫 #BinanceSquareBTC #cryptocurrency

#elsalvador ’s #Bitcoin‬ wallet gets sats, cats and a cypherpunk manifesto

Following the public announcement by El Salvador President Nayib Bukele about the country's decision to store a significant portion of its Bitcoin holdings in a secure cold wallet, Bitcoin enthusiasts wasted no time in contributing approximately $700 worth of satoshis to the newly established "Bitcoin piggy bank." Within hours, dozens of donations flooded in, adorning the wallet with cherished "rare sats" and unique Ordinals.

As of March 14, the wallet holds $388 million in Bitcoin, as reported by Bitcoin explorer Mempool. It's not just a currency repository but also stores cultural artifacts and support expressions. Contributions include 67 Ordinals donations, including BRC-20 tokens, text, images, a 3D "runestone," and even a copy of the "Cypherpunk Manifesto" by Eric Hughes from March 1993, advocating digital privacy.

Moreover, the X account of HODL15Capital has expressed admiration for Bukele and El Salvador's transparent approach in this endeavor.

The transfer of 5,689 Bitcoin into the wallet marks a significant increase from the previously reported holdings of 2,864 BTC, valued at $195 million, held in the government's treasury, according to the Nayib Bukele Portfolio Tracker. Bukele clarified that this figure excludes Bitcoin acquired through various government initiatives, such as the passport program, mining ventures, and conversion of $BTC to US dollars for local businesses.

The fund transfer involved multisig authorization. Initially, 1,120 BTC ($76.5 million) was transferred on March 13 via a 3/5 multisignature process. Another significant transfer of 4,000 BTC ($273 million) occurred on March 14, shortly after Bukele's announcement. Bukele, reelected in February with over 80% of the votes, championed El Salvador's Bitcoin adoption since September 2021, making it the first nation to embrace Bitcoin as legal tender.

Source - cointelegraph.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC #cryptocurrency

👉👉👉 #BitcoinETF💰💰💰 Day 8 Update: Market Rebound Signals Bottom As Grayscale Selling Slows Down

Following the SEC's approval of Bitcoin ETFs on January 11 and subsequent trading initiation, the ETF market has consistently shown robust volumes. Amid a market recovery from a 20% drop, signs of a slowdown in Grayscale's selling activities offer hope for Bitcoin bulls. Market analysts note a positive shift in Grayscale's strategy, potentially stabilizing Bitcoin prices and restoring investor confidence.

Major asset management players, such as BlackRock and Fidelity, demonstrate resilience and commitment to Bitcoin. #BlackRock holds 44,000 BTC in AUM, showcasing increasing exposure, while Fidelity, a key Bitcoin ETF issuer, maintains confidence with 40,000 BTC AUM.

Despite a sell-off driven by FTX in its initial 8 days, expectations for reduced selling pressure from FTX and Grayscale on day 9 could contribute to a more stable market environment. Bitcoin ETFs emerge as substantial holders, absorbing 101,600 BTC from Grayscale and adding 21,100 BTC in 8 days, indicating growing institutional interest.

Bitcoin ETF managers alone acquire 15 times the daily Bitcoin supply, surpassing 13,444 BTC against the 900 BTC daily creation rate. This underscores strong demand from institutional investors and the potential impact of ETFs on the Bitcoin market.
Bloomberg ETF expert Erich Balchunas notes a decrease in GBTC volume, signaling potential exhaustion in selling. However, a recent $515 million withdrawal from #gbtc resulted in a total outflow of $3.96 billion since its ETF conversion. On a positive note, there was a net inflow of $409 million on the ninth day, indicating renewed investor interest.

Source - newsbtc.com

#CryptoNews #BinanceSquareBTC

$SHIB #Shiba.Inu is currently retesting the major trendline and is expected to bounce back soon. 📈

#BinanceJapanTransition #BinanceSquareBTC #BTC #BTC🔥🔥 $XRP $ETH
@BreakOut_Expert

🔥🔥🔥 What’s A Simple #Strategy For Buying & Selling #Bitcoin ? This Analyst Answers

A #cryptocurrency analyst has unveiled a straightforward approach for timing Bitcoin purchases and sales based on historical patterns observed in two key $BTC on-chain indicators.

These indicators, known as Net Unrealized Loss (NUL) and Net Unrealized Profit (NUP), track the total amount of unrealized loss and profit carried by investors, respectively.

The methodology involves examining the transaction history of each circulating coin to determine its last transacted price. If the previous price was lower than the current spot price, indicating a profit, it contributes to the NUP. Conversely, if the cost basis exceeds the current value, it adds to the NUL.

Historical analysis of the NUL suggests that when the indicator surpasses the 0.5 level during periods of bear market lows, it could be an opportune moment to increase holdings.

Conversely, the NUP historically exceeding the 0.7 level during major tops could indicate a potential selling opportunity.
Currently, both indicators reflect trends in Bitcoin's price action. The NUL hovers near the zero mark, suggesting minimal unrealized losses amid recent all-time highs, while the NUP is yet to breach the crucial 0.7 level, indicating the market may not have reached an overheated state.

It's worth noting that while these indicators haven't precisely pinpointed tops or bottoms in the past, following the strategy of buying during NUL signals and selling at NUP levels has historically been profitable, despite occasional discrepancies.

As Bitcoin trades around $69,400 at the time of writing, down 2% in the last 24 hours, investors may consider these indicators as additional tools for decision-making amid market volatility. However, the sustainability of these patterns in the current Bitcoin cycle remains to be seen.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC

👉👉👉 Fiat Woes and Inflation Cause #Bitcoin‬ Price to Skyrocket in These Nations

Bitcoin's price surge has been remarkable across various regions, particularly in areas grappling with significant fiat currency devaluation. Notably, Turkey and South Korea have seen notable shifts in Bitcoin prices and market dynamics.

In Turkey, where Bitcoin prices were 1.3% higher than global averages in July, inflation surged to nearly 70% by January. This coincided with a steep decline in the Turkish Lira, which lost over 40% of its value against the US dollar over the past year.

Turkish Finance Minister Mehmet Simsek warned of persistent inflation, while the government moved closer to finalizing crypto regulations. Additionally, OKX's launch of a platform tailored for Turkish clients, offering Turkish Lira #trading pairs for Bitcoin and #Ethereum , was seen as a positive step. However, authorities may seek to curb foreign investment in local crypto exchanges due to concerns about money laundering.

Meanwhile, South Korea has experienced the phenomenon of the "Kimchi premium," fueled by strict regulations limiting forex flows into the crypto market. This has led to Bitcoin trading at a premium, reflecting strong local demand.

Foreigners are prohibited from investing in local exchanges, and locals cannot engage in arbitrage trading to exploit the premium. The Kimchi premium has historically coincided with Bitcoin market tops, highlighting its significance. BeInCrypto reached out to Bithumb for comment on the Kimchi surge but did not receive a response by publication time.

Source - beincrypto.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC

$BTC updated December 18

Current society: reduced adjustment

➡️D1: forming a series of bearish candlesticks that create a new downtrend and the next peak gradually lowers around 4323x

➡️H4: price runs in the triangle until the end of the pattern gradually narrows and trades below ema34-89

The CME gap around 393 - 403 has not yet been filled. It is possible that if the model breaks above H4, it may find the gap area.

➡️ The expected level of BTC is that from now until the end of the year, it will be somewhere around 39k - 40k which is a nice consolidation area and $BTC will rise again to around 45k, highly likely within the month.

➡️ Analyzing the H4 $BTC frame, the price is reacting right in the 40k trendline area and has a high possibility of hitting 39k -37k

BTC.dom, after creating 2 peaks, has had a downward trend adjusting to the 52.9% area.

#BTC may adjust to the 37k - 38k area (At 40k5 there is slight support)

BTC is currently still in the priority support zone, waiting for a rebound around 4173x. Short or waiting for a confirmed break, then will follow.

Wishing everyone a lucky start to the trading week! 🍀
#BinanceSquareInsight #BinanceSquareBTC #Btc #BinanceSquare #BTCUSDT