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Bitcoin News Roundup: September 13, 2024
1. Bitcoin Price Surge
Bitcoinâs price experienced a significant surge today, rising by 10% after the Japanese firm Metaplanet announced a substantial purchase of Bitcoin worth „300 million. This purchase briefly pushed Bitcoinâs price above the $58,000 mark, sparking excitement among investors and market watchers. The move by Metaplanet is seen as a strong vote of confidence in Bitcoinâs future, especially given the firmâs influential position in the tech industry. Analysts believe this could signal the beginning of a new bullish phase for Bitcoin, as institutional interest continues to grow.
2. Gold vs. Bitcoin
In recent weeks, gold has experienced a 10% rally, reaching record highs. This development has reignited the debate among investors about the comparative merits of gold and Bitcoin as stores of value. Some analysts argue that Bitcoin, often referred to as âdigital gold,â may follow goldâs upward trajectory. The correlation between the two assets is being closely monitored, with some predicting that Bitcoin could benefit from the renewed interest in safe-haven assets. The ongoing economic uncertainties and inflation concerns are likely to play a significant role in shaping this dynamic.
3. Post-Halving Performance
Bitcoinâs performance following its most recent halving event has been a topic of interest for many investors. Despite the initial optimism, Bitcoin remains 10% down post-halving. Some forecasts predict further declines, particularly in light of anticipated Federal Reserve interest rate cuts. The halving, which reduces the rate at which new Bitcoins are created, is typically seen as a bullish event due to the resulting supply reduction. However, the current macroeconomic environment and regulatory uncertainties are contributing to a more cautious outlook. Investors are closely watching for signs of a potential recovery
Bitcoin News Roundup: September 13, 2024
1. Bitcoin Price Surge
Bitcoinâs price experienced a significant surge today, rising by 10% after the Japanese firm Metaplanet announced a substantial purchase of Bitcoin worth „300 million. This purchase briefly pushed Bitcoinâs price above the $58,000 mark, sparking excitement among investors and market watchers. The move by Metaplanet is seen as a strong vote of confidence in Bitcoinâs future, especially given the firmâs influential position in the tech industry. Analysts believe this could signal the beginning of a new bullish phase for Bitcoin, as institutional interest continues to grow.
2. Gold vs. Bitcoin
In recent weeks, gold has experienced a 10% rally, reaching record highs. This development has reignited the debate among investors about the comparative merits of gold and Bitcoin as stores of value. Some analysts argue that Bitcoin, often referred to as âdigital gold,â may follow goldâs upward trajectory. The correlation between the two assets is being closely monitored, with some predicting that Bitcoin could benefit from the renewed interest in safe-haven assets. The ongoing economic uncertainties and inflation concerns are likely to play a significant role in shaping this dynamic.
3. Post-Halving Performance
Bitcoinâs performance following its most recent halving event has been a topic of interest for many investors. Despite the initial optimism, Bitcoin remains 10% down post-halving. Some forecasts predict further declines, particularly in light of anticipated Federal Reserve interest rate cuts. The halving, which reduces the rate at which new Bitcoins are created, is typically seen as a bullish event due to the resulting supply reduction. However, the current macroeconomic environment and regulatory uncertainties are contributing to a more cautious outlook. Investors are closely watching for signs of a potential recovery
How to read crypto charts â A beginnerâs guide
#ChartExpert
It doesnât come easy, but at least after reading this article, youâll have a better understanding of the basics of cryptocurrency charts. Welcome to a guide on how to read cryptocurrency charts for dummies.
$BTC
Did you know? Michael Novogratz, a former hedge fund manager and billionaire, started investing in cryptocurrencies in his 50s. After a successful career on Wall Street, Novogratz saw the potential in digital currencies and became one of the most prominent figures in the crypto world. His late entry into crypto trading shows that itâs never too late to embrace new financial opportunities and succeed in an emerging market.
$SOL
Decoding cryptocurrency charts
One of the first things you likely notice when opening a trading platform is the option to change the type of chart displayed. Letâs start by defining the main types of charts and their common uses.
Line charts
Line charts are the simplest type of chart used in cryptocurrency trading. They plot a line from one closing price to the next over a specified period. This type of chart is useful for identifying general trends and long-term price movements. However, they lack detailed information about intraday price fluctuations.Â
Check out the example below. The line moves up and down in response to price changes, showing the overall trend over time.
Bar charts
Bar charts provide more detailed information than line charts. Each bar represents a specific time period (e.g., one day, one hour) and displays the opening, closing, high and low prices for that period.Â
The top of the bar indicates the highest price, while the bottom shows the lowest price in that time period.
A small horizontal line on the left of the bar represents the opening price, and a small line on the right represents the closing price. Bar charts help traders analyze the strength and direction of price movements over time.
#ChartExpert
It doesnât come easy, but at least after reading this article, youâll have a better understanding of the basics of cryptocurrency charts. Welcome to a guide on how to read cryptocurrency charts for dummies.
$BTC
Did you know? Michael Novogratz, a former hedge fund manager and billionaire, started investing in cryptocurrencies in his 50s. After a successful career on Wall Street, Novogratz saw the potential in digital currencies and became one of the most prominent figures in the crypto world. His late entry into crypto trading shows that itâs never too late to embrace new financial opportunities and succeed in an emerging market.
$SOL
Decoding cryptocurrency charts
One of the first things you likely notice when opening a trading platform is the option to change the type of chart displayed. Letâs start by defining the main types of charts and their common uses.
Line charts
Line charts are the simplest type of chart used in cryptocurrency trading. They plot a line from one closing price to the next over a specified period. This type of chart is useful for identifying general trends and long-term price movements. However, they lack detailed information about intraday price fluctuations.Â
Check out the example below. The line moves up and down in response to price changes, showing the overall trend over time.
Bar charts
Bar charts provide more detailed information than line charts. Each bar represents a specific time period (e.g., one day, one hour) and displays the opening, closing, high and low prices for that period.Â
The top of the bar indicates the highest price, while the bottom shows the lowest price in that time period.
A small horizontal line on the left of the bar represents the opening price, and a small line on the right represents the closing price. Bar charts help traders analyze the strength and direction of price movements over time.
How to Analyze Crypto Charts: A Beginnerâs Guide #CryptoMarketMoves
âą How to Analyze Crypto Charts: ...
Ever wonder what those squiggly lines and colorful bars on a crypto chart mean? Understanding how to analyze crypto charts is valuable for anyone interested in navigating the exciting world of cryptocurrency. You can make more informed trading and investment decisions by interpreting the information these charts provide.
If youâve ever felt overwhelmed by such charts, fret not. This guide will give you a brief overview of how to analyze crypto charts. Letâs get started.
Understanding the Basics
Types of Charts #ChartExpert
There are primarily three types of charts that show how the price of an asset has moved over time:
âą Line Charts:Â Show the closing prices over a set period. Simple and straightforward, they are good for spotting overall trends.
âą Bar Charts:Â Provide opening, closing, high, and low prices. More detailed than line charts, they offer insights into price movements within a specific timeframe.
âą Candlestick Charts are similar to bar charts but include color coding to indicate price direction. Theyâre widely used to highlight trends and reversals.
âą How to Analyze Crypto Charts: ...
Ever wonder what those squiggly lines and colorful bars on a crypto chart mean? Understanding how to analyze crypto charts is valuable for anyone interested in navigating the exciting world of cryptocurrency. You can make more informed trading and investment decisions by interpreting the information these charts provide.
If youâve ever felt overwhelmed by such charts, fret not. This guide will give you a brief overview of how to analyze crypto charts. Letâs get started.
Understanding the Basics
Types of Charts #ChartExpert
There are primarily three types of charts that show how the price of an asset has moved over time:
âą Line Charts:Â Show the closing prices over a set period. Simple and straightforward, they are good for spotting overall trends.
âą Bar Charts:Â Provide opening, closing, high, and low prices. More detailed than line charts, they offer insights into price movements within a specific timeframe.
âą Candlestick Charts are similar to bar charts but include color coding to indicate price direction. Theyâre widely used to highlight trends and reversals.
Chart patterns Cheat Sheet - REVERSAL PATTERNS - BULLISHđ
#Binance55thProject(IO) #ChartExpert #ReversalAlert #BullishMay
#Binance55thProject(IO) #ChartExpert #ReversalAlert #BullishMay
I wonder charts works the same for forex and crypto.
forex guy here with charts knowledge. #charrpattern #ChartExpert #Services
guys feel free for learn and earn with me.
forex guy here with charts knowledge. #charrpattern #ChartExpert #Services
guys feel free for learn and earn with me.
#candlestick_patterns #ChartExpert u can learn candle stick pattern in one place see other post for all Market bull n bear
RSI VWAP Scalping Strategy đš
Time Frame 5-15 Minutes.
1. Look for Bullish RSI Divergence.
2. Price makes Lower Low with decreasing volume.
3. Entry on Confluence of Support.
Local PA resistance broken, support established on Candles and VWAP Break.
Use with common sense.
#chart #ChartExpert #chartupdate #ChartReading #RSI:
Time Frame 5-15 Minutes.
1. Look for Bullish RSI Divergence.
2. Price makes Lower Low with decreasing volume.
3. Entry on Confluence of Support.
Local PA resistance broken, support established on Candles and VWAP Break.
Use with common sense.
#chart #ChartExpert #chartupdate #ChartReading #RSI:
$BTC following monthly time frame, BTC hit itâs Higher high of $73,873 by march 14, $73009 by April 7 , $72026 by may 21, $71987 by June 7 and hits Lower low of $48960 by August 5. This is a clear indication of bearish trend. All these markets direction is to make correction and set for bullish trend coming up.
But relating to the current market conditions $BTC has an imbalance at $64000 which it is likely to fill up and par adventure form double top itâs aiming to which will definitely lead to another bearish to hit around $58000 support or below. But if it surpasses $68000. That means $BTC will not go bearish again until bull run sets but I urge us to pay attention to market trends and aligns with it .
Then give your own opinion about it
#BTCâ #MarketDownturn #ChartExpert
But relating to the current market conditions $BTC has an imbalance at $64000 which it is likely to fill up and par adventure form double top itâs aiming to which will definitely lead to another bearish to hit around $58000 support or below. But if it surpasses $68000. That means $BTC will not go bearish again until bull run sets but I urge us to pay attention to market trends and aligns with it .
Then give your own opinion about it
#BTCâ #MarketDownturn #ChartExpert
$WLD
See Guys as I told you market will Bullish from this Demand Zone and here we go
Enjoy your profits Buddy It may retest again
#trading #T4tradesSmart #cryptomarket #ChartExpert
See Guys as I told you market will Bullish from this Demand Zone and here we go
Enjoy your profits Buddy It may retest again
#trading #T4tradesSmart #cryptomarket #ChartExpert
