Binance Square
GPT-4
2M views
1,635 Posts
Hot
Latest
LIVE
LIVE
DarkPumpkin
--
AI gem can reach x10 - x100Lately I discovered undervalued AI gem called GPTPlus unfortunately not listed on Binance but just for now. Just in few month its price can be increased to x10 or maybe higher. Many of you know that AI it is most perspective investments nowadays and it is only question of time when price on it will rich the sky. Right now you can buy some most popular AI tokens like Near, RNDR… but for those who want to gain maximum rewards I suggest you to buy some GPTPlus and thank me in few months. Right now the price is on the bottom so the only way is the moon. #HotTrends #priceprediction #Write2Earn‬ #GPT-4

AI gem can reach x10 - x100

Lately I discovered undervalued AI gem called GPTPlus unfortunately not listed on Binance but just for now. Just in few month its price can be increased to x10 or maybe higher. Many of you know that AI it is most perspective investments nowadays and it is only question of time when price on it will rich the sky. Right now you can buy some most popular AI tokens like Near, RNDR… but for those who want to gain maximum rewards I suggest you to buy some GPTPlus and thank me in few months. Right now the price is on the bottom so the only way is the moon.

#HotTrends #priceprediction #Write2Earn‬ #GPT-4
LIVE
--
Bullish
📢 AirDrop Alert: GPTPlusAI ($16,000 Value) - Reward: 5,000 GPTPlus (~$32.5) for 1000 Random participants - Tasks: - Complete all tasks - Submit ETH address - Follow for reward updates and new airdrops 📢 Disclaimer:Please conduct your own research (DYOR) before participating in any airdrop projects. 📢 Note: The airdrop is entirely free. Avoid sending cryptocurrency to receive airdrop tokens. 📢 We focus on free Airdrops, where tokens are provided without charge, and your generous support would greatly aid our mission. #Airdrop🪂 #AirdropAlert #AirdropMadness #airdropking #GPT-4
📢 AirDrop Alert: GPTPlusAI ($16,000 Value)

- Reward: 5,000 GPTPlus (~$32.5) for 1000 Random participants
- Tasks:
- Complete all tasks
- Submit ETH address
- Follow for reward updates and new airdrops

📢 Disclaimer:Please conduct your own research (DYOR) before participating in any airdrop projects.

📢 Note: The airdrop is entirely free. Avoid sending cryptocurrency to receive airdrop tokens.

📢 We focus on free Airdrops, where tokens are provided without charge, and your generous support would greatly aid our mission.

#Airdrop🪂 #AirdropAlert #AirdropMadness #airdropking #GPT-4
Web 3 Gaming News Immutable and Polygon partner to accelerate the development of web3 gaming. The partnership introduces Immutable zkEVM, empowering IMX holders and one billion players to own their assets on Ethereum. According to the announcement, the two leaders in web3 gaming have already invested nearly $2B in web3 games together. This partnership will introduce Immutable zkEVM, the future of gaming. The strategic partnership aims to remove complexity and risks while accelerating their path to success on Ethereum. The partnership will also empower IMX holders with zkEVM, allowing them to launch the single biggest upgrade to any token’s utility in history. The partnership will expand from an exchange utility token to make IMX the native gas token of Immutable zkEVM. Additional expansions will also be announced over the next two months in partnership with the Digital Worlds Foundation. Web3 games have been lackluster, and the industry needs tools and infrastructure that allow builders. #crypto2023 #GPT-4 #ExchangeWithKindness #Binance #dyor

Web 3 Gaming News

Immutable and Polygon partner to accelerate the development of web3 gaming. The partnership introduces Immutable zkEVM, empowering IMX holders and one billion players to own their assets on Ethereum. According to the announcement, the two leaders in web3 gaming have already invested nearly $2B in web3 games together. This partnership will introduce Immutable zkEVM, the future of gaming.

The strategic partnership aims to remove complexity and risks while accelerating their path to success on Ethereum. The partnership will also empower IMX holders with zkEVM, allowing them to launch the single biggest upgrade to any token’s utility in history. The partnership will expand from an exchange utility token to make IMX the native gas token of Immutable zkEVM. Additional expansions will also be announced over the next two months in partnership with the Digital Worlds Foundation. Web3 games have been lackluster, and the industry needs tools and infrastructure that allow builders.

#crypto2023 #GPT-4 #ExchangeWithKindness #Binance #dyor
Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High A crypto strategist who correctly called Bitcoin’s (BTC) 2022 price floor thinks the king crypto may be one resistance level away from all-time high. In a new strategy session, pseudonymous trader DonAlt tells his 48,900 YouTube subscribers that Bitcoin looks really, really good on the monthly timeframe after taking out resistance at $24,000. According to the popular trader, the breakout is Bitcoin’s first real sign of bullis since November 2021, when BTC hit its all-time high of $69,000. “[Bitcoin] hasn’t looked this good in a long, long time. Let’s be real right. When we look at the chart, we haven’t had any since the all-time high on the monthly. It’s been a complete sh*tshow. Every resistance did its job. There was really no bounce whatsoever. And technically speaking, if this monthly closes above resistance [around $24,000], that’s actually the confirmation of the breakout, the first bullish signal. I think that could run for a little bit. Usually, monthly signals run for longer than a candle or two, but they just keep on going… I’m just going to say $35,000 resistance and then if that breaks, I don’t think you want to sell before a new all-time high.”    Looking at the weekly timeframe, DonAlt says that he sees a scenario where Bitcoin could rally close to $33,000 before correcting to $27,000 to set the stage for an attempt to take out resistance at $35,000. “Stuff like that happens all the time. When you get a rejection just before a big level on a high timeframe and then you have a weak pullback or two weeks into just another push into that monthly resistance, and then it actually shows whether it wants to go up or not.” #bitcoin #BTC #koinmilyoner #GPT-4

Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High

A crypto strategist who correctly called Bitcoin’s (BTC) 2022 price floor thinks the king crypto may be one resistance level away from all-time high.

In a new strategy session, pseudonymous trader DonAlt tells his 48,900 YouTube subscribers that Bitcoin looks really, really good on the monthly timeframe after taking out resistance at $24,000.

According to the popular trader, the breakout is Bitcoin’s first real sign of bullis since November 2021, when BTC hit its all-time high of $69,000.

“[Bitcoin] hasn’t looked this good in a long, long time. Let’s be real right. When we look at the chart, we haven’t had any since the all-time high on the monthly. It’s been a complete sh*tshow. Every resistance did its job. There was really no bounce whatsoever. And technically speaking, if this monthly closes above resistance [around $24,000], that’s actually the confirmation of the breakout, the first bullish signal. I think that could run for a little bit.

Usually, monthly signals run for longer than a candle or two, but they just keep on going… I’m just going to say $35,000 resistance and then if that breaks, I don’t think you want to sell before a new all-time high.”   

Looking at the weekly timeframe, DonAlt says that he sees a scenario where Bitcoin could rally close to $33,000 before correcting to $27,000 to set the stage for an attempt to take out resistance at $35,000.

“Stuff like that happens all the time. When you get a rejection just before a big level on a high timeframe and then you have a weak pullback or two weeks into just another push into that monthly resistance, and then it actually shows whether it wants to go up or not.”

#bitcoin #BTC #koinmilyoner #GPT-4
📶This is the portfolio I announced on my homepage three days ago, in which ADA rose by 10% today and XRP rose by 20% today. Please pay attention to my homepage. #crypto2023 #GPT-4 #dyor #crypto2023 ✅Follow me to learn more valuable information!
📶This is the portfolio I announced on my homepage three days ago, in which ADA rose by 10% today and XRP rose by 20% today. Please pay attention to my homepage.
#crypto2023 #GPT-4 #dyor #crypto2023
✅Follow me to learn more valuable information!
SNP up, Bitcoin up and down. I think now Bitcoin should rebalance and go up again. So, Powell keeps the index from getting above the psychological mark, no matter how much we don't want it to. #BTC #GPT-4 #crypto2023
SNP up, Bitcoin up and down. I think now Bitcoin should rebalance and go up again. So, Powell keeps the index from getting above the psychological mark, no matter how much we don't want it to. #BTC #GPT-4 #crypto2023
Balajis famous million $ BTC bet may not b realistic  Crypto influencer Nic Carter believe dat d actions of federal regulators regarding crypto banks may b in a grey area Carter has stated dat Balajis famous million$ BTC bet may not b a realistic projection of BTCs price#GPT-4
Balajis famous million $ BTC bet may not b realistic 

Crypto influencer Nic Carter believe dat d actions of federal regulators regarding crypto banks may b in a grey area

Carter has stated dat Balajis famous million$ BTC bet may not b a realistic projection of BTCs price#GPT-4
Analyzing the role of BTC.b vis-à-vis Avalanche’s advancements. ✓BTC.b witnesses a surge in activity on the Avalanche network. ✓DeFi dApps such as TraderJoe and BenQi benefit from this interest in BTC.b#BTC #BNB #dyor #GPT-4 #ExchangeWithKindness
Analyzing the role of BTC.b vis-à-vis Avalanche’s advancements.

✓BTC.b witnesses a surge in activity on the Avalanche network.

✓DeFi dApps such as TraderJoe and BenQi benefit from this interest in BTC.b#BTC #BNB #dyor #GPT-4 #ExchangeWithKindness
SHIB hits bullish breakout target of $0.00001155 – Can bulls push forward ✓Bulls faced stiff resistance at a bullish breakout target of $0.00001155. ✓SHIB was bullish on the four-hour chart, but RSI hit the overbought zone. #GPT-4 #crypto2023 #Binance #dyor #unsplash
SHIB hits bullish breakout target of $0.00001155 – Can bulls push forward

✓Bulls faced stiff resistance at a bullish breakout target of $0.00001155.

✓SHIB was bullish on the four-hour chart, but RSI hit the overbought zone. #GPT-4 #crypto2023 #Binance #dyor #unsplash
Legendary Trader Peter Brandt Says Bitcoin (BTC) Likely Targeting New All-Time HighVeteran analyst Peter Brandt says that Bitcoin (BTC) is not going to take very long to reach new all-time highs (ATHs). Brandt, whose crypto reputation was made by calling Bitcoin’s 2017 collapse, is shooting down a prediction by pseudonymous crypto analyst Cheds that Bitcoin is unlikely to hit $50,000 within 90 days. “In case you are wondering: BTC highly unlikely to come even close to $50,000 in the next 90 days, let alone $1 million.” In response to Cheds’ Tweet, Brandt says, “Some smoke too much wacky.” Brandt says he is predicting Bitcoin will reach new all-time highs within 12 months. “All predictions are just guesses. My guess is that Bitcoin is 12 months away from new ATHs.” He points to the historical performance of Bitcoin, saying his forecast is in line with the duration of prior market cycles. “Dangerous to have opinions that are without fact. New ATHs in April-June 2024 would be very much in line with past cycles. The amount of disinformation in crypto is amazing to me.” Brandt says he is not basing his prediction on next year’s halving event for Bitcoin when the new supply of BTC is reduced by half, which he says is not as important as some suggest. “Halving is waaaaaaaaaay overrated and a non-event.” Bitcoin is worth $28,086 at time of writing. #Binance #BTC #BNB #GPT-4 #koinmilyoner

Legendary Trader Peter Brandt Says Bitcoin (BTC) Likely Targeting New All-Time High

Veteran analyst Peter Brandt says that Bitcoin (BTC) is not going to take very long to reach new all-time highs (ATHs).

Brandt, whose crypto reputation was made by calling Bitcoin’s 2017 collapse, is shooting down a prediction by pseudonymous crypto analyst Cheds that Bitcoin is unlikely to hit $50,000 within 90 days.

“In case you are wondering: BTC highly unlikely to come even close to $50,000 in the next 90 days, let alone $1 million.”

In response to Cheds’ Tweet, Brandt says,

“Some smoke too much wacky.”

Brandt says he is predicting Bitcoin will reach new all-time highs within 12 months.

“All predictions are just guesses. My guess is that Bitcoin is 12 months away from new ATHs.”

He points to the historical performance of Bitcoin, saying his forecast is in line with the duration of prior market cycles.

“Dangerous to have opinions that are without fact. New ATHs in April-June 2024 would be very much in line with past cycles. The amount of disinformation in crypto is amazing to me.”

Brandt says he is not basing his prediction on next year’s halving event for Bitcoin when the new supply of BTC is reduced by half, which he says is not as important as some suggest.

“Halving is waaaaaaaaaay overrated and a non-event.”

Bitcoin is worth $28,086 at time of writing.

#Binance #BTC #BNB #GPT-4 #koinmilyoner
Shiba Inu price soars along with network's social buzz, where will community's interest take SHIBShiba Inu price action shows a surging interest among the community members. SHIB is up 4% on the day, with leg-up signs to confront the resistance confluence at $0.0000112. A daily candlestick close below the $0.0000098 support level could invalidate the bullish narrative. Shiba Inu price has been trading with a bullish bias since March 10 as interest for the meme token increased among community members. The uptrend comes as the Shiba Inu community defends their favorite project in the wake of events that unfolded in the past week when the network received a new designation as the new "Defense Breed." Notably, the earlier "Breed" team was responsible for fighting FUD and settling deals with various firms on behalf of Shiba Inu. Shiba Inu price soars as network's social buzz peaks Shiba Inu price is bullish, supported by news from social analytics platform LunarCrush that SHIB social contributors recorded a daily hit of 47,880, the highest in three months. A deep dive into Twitter feeds reveals chatter about Shiba Inu, Shibarium, and other elements within the ecosystem that could influence Shiba Inu price. An increase in buying pressure from current levels could catapult Shiba Inu price to breach the confluence between the horizontal line and the 100-day Exponential Moving Average (EMA) at $0.0000112. Further north, Shiba Inu price could crack past the 50- and 200-day EMAs at $0.0000114 and $0.0000115, respectively, before confronting the $0.0000122 resistance level. If sidelined investors join the bandwagon and revitalize buyer momentum, Shiba Inu price could continue upwards, potentially tagging the $0.0000137 resistance level. In highly bullish cases, the meme crypto could stretch further, tagging the $0.0000147 resistance level, before collecting the buy side liquidity above that level. Such a move would denote a 35% increase from current Shiba Inu price levels. Conversely, if Shiba Inu price succumbs to overhead pressure, SHIB could drop in market value toward the $0.0000098 support level. A dily candlestick close below this level could invalidate the bullish case. In dire cases, Shiba Inu price could revisit the $0.0000086 swing low before possibilities of uptrend attempt. On-chain metrics supporting the bullish thesis for Shiba Inu As network hype skyrockets, Shiba Inu price could increase. WhaleStats data corroborates this thesis, showing that the number of Shiba Inu holders is also growing and is currently 1,326,366. Additionally, on-chain metrics from IntoTheBlock add credence to the bullish narrative. According to the representation above, large transactions on the Shiba Inu network are up 131% in the last 24 hours. Large transaction indicate surging activity from whales or large holders that may be buying or selling. #SHIB #shibainu #shibarium #koinmilyoner #GPT-4

Shiba Inu price soars along with network's social buzz, where will community's interest take SHIB

Shiba Inu price action shows a surging interest among the community members.

SHIB is up 4% on the day, with leg-up signs to confront the resistance confluence at $0.0000112.

A daily candlestick close below the $0.0000098 support level could invalidate the bullish narrative.

Shiba Inu price has been trading with a bullish bias since March 10 as interest for the meme token increased among community members. The uptrend comes as the Shiba Inu community defends their favorite project in the wake of events that unfolded in the past week when the network received a new designation as the new "Defense Breed."

Notably, the earlier "Breed" team was responsible for fighting FUD and settling deals with various firms on behalf of Shiba Inu.

Shiba Inu price soars as network's social buzz peaks

Shiba Inu price is bullish, supported by news from social analytics platform LunarCrush that SHIB social contributors recorded a daily hit of 47,880, the highest in three months.

A deep dive into Twitter feeds reveals chatter about Shiba Inu, Shibarium, and other elements within the ecosystem that could influence Shiba Inu price.

An increase in buying pressure from current levels could catapult Shiba Inu price to breach the confluence between the horizontal line and the 100-day Exponential Moving Average (EMA) at $0.0000112.

Further north, Shiba Inu price could crack past the 50- and 200-day EMAs at $0.0000114 and $0.0000115, respectively, before confronting the $0.0000122 resistance level.

If sidelined investors join the bandwagon and revitalize buyer momentum, Shiba Inu price could continue upwards, potentially tagging the $0.0000137 resistance level.

In highly bullish cases, the meme crypto could stretch further, tagging the $0.0000147 resistance level, before collecting the buy side liquidity above that level. Such a move would denote a 35% increase from current Shiba Inu price levels.

Conversely, if Shiba Inu price succumbs to overhead pressure, SHIB could drop in market value toward the $0.0000098 support level. A dily candlestick close below this level could invalidate the bullish case.

In dire cases, Shiba Inu price could revisit the $0.0000086 swing low before possibilities of uptrend attempt.

On-chain metrics supporting the bullish thesis for Shiba Inu

As network hype skyrockets, Shiba Inu price could increase. WhaleStats data corroborates this thesis, showing that the number of Shiba Inu holders is also growing and is currently 1,326,366.

Additionally, on-chain metrics from IntoTheBlock add credence to the bullish narrative.

According to the representation above, large transactions on the Shiba Inu network are up 131% in the last 24 hours. Large transaction indicate surging activity from whales or large holders that may be buying or selling.

#SHIB #shibainu #shibarium #koinmilyoner #GPT-4
Bitcoin Price Defies Gravity And Here’s Why BTC Could Surge To $30KBitcoin price surged above the $28,000 resistance zone. BTC is correcting gains, but dips might be limited below the $26,200 support zone. Bitcoin is up over 20% in a few days and there was a move above the $28,000 resistance. The price is trading above $27,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $27,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if it stays above the $26,200 support zone. Bitcoin Price Extends Rally Bitcoin price remained well bid above the $25,000 support zone. BTC started another steady increase and was able to clear the $26,500 resistance zone, outperforming altcoins such as Ethereum and Ripple. There was a clear move above the $27,500 and $28,000 resistance levels. The price traded to a new multi-week high at $28,450 and is currently correcting gains. There was a minor downside correction below the $28,200 and $28,000 levels. Bitcoin price is now trading above $27,000 and the 100 hourly simple moving average. It is also well above the 23.6% Fib retracement level of the upward move from the $23,913 swing low to $28,450 high. Besides, there is a key bullish trend line forming with support near $27,100 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $28,000 level. The next major resistance is near the $28,500 zone or the recent high. A close above the $28,500 resistance might start another surge. In the stated case, the price could rally towards the $29,500 level. The next key resistance is near the $29,800 zone, above which the price might test the $30,000 barrier. Dips Supported in BTC? If bitcoin price fails to clear the $28,500 resistance, it could start a downside correction. An immediate support on the downside is near the $27,400 zone. The next major support is near the trend line and $27,000, below which the price even test the 100 hourly simple moving average. The next major support is near the $26,200 level. Any more losses might send the price towards the $25,000 level. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $27,200, followed by $26,200. Major Resistance Levels – $28,000, $28,500 and $30,000. #bitcoin #BTC #BullRun #koinmilyoner #GPT-4

Bitcoin Price Defies Gravity And Here’s Why BTC Could Surge To $30K

Bitcoin price surged above the $28,000 resistance zone. BTC is correcting gains, but dips might be limited below the $26,200 support zone.

Bitcoin is up over 20% in a few days and there was a move above the $28,000 resistance.

The price is trading above $27,000 and the 100 hourly simple moving average.

There is a key bullish trend line forming with support near $27,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could rally further if it stays above the $26,200 support zone.

Bitcoin Price Extends Rally

Bitcoin price remained well bid above the $25,000 support zone. BTC started another steady increase and was able to clear the $26,500 resistance zone, outperforming altcoins such as Ethereum and Ripple.

There was a clear move above the $27,500 and $28,000 resistance levels. The price traded to a new multi-week high at $28,450 and is currently correcting gains. There was a minor downside correction below the $28,200 and $28,000 levels.

Bitcoin price is now trading above $27,000 and the 100 hourly simple moving average. It is also well above the 23.6% Fib retracement level of the upward move from the $23,913 swing low to $28,450 high.

Besides, there is a key bullish trend line forming with support near $27,100 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $28,000 level. The next major resistance is near the $28,500 zone or the recent high.

A close above the $28,500 resistance might start another surge. In the stated case, the price could rally towards the $29,500 level. The next key resistance is near the $29,800 zone, above which the price might test the $30,000 barrier.

Dips Supported in BTC?

If bitcoin price fails to clear the $28,500 resistance, it could start a downside correction. An immediate support on the downside is near the $27,400 zone.

The next major support is near the trend line and $27,000, below which the price even test the 100 hourly simple moving average. The next major support is near the $26,200 level. Any more losses might send the price towards the $25,000 level.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $27,200, followed by $26,200.

Major Resistance Levels – $28,000, $28,500 and $30,000.

#bitcoin #BTC #BullRun #koinmilyoner #GPT-4
BTC and ETH Experience Over 20% Surge in Seven Days: Can the Rally Continue?Bitcoin, the world's largest cryptocurrency, continues its upward rally and attracted more bids around the $28k mark as the total cryptocurrency market capitalization exceeded $1.17 trillion, indicating positive momentum in the crypto market and contributing to BTC gains.  This trend coincides with some major US banks experiencing challenges, which has renewed discussions about the significance of digital currency. Former Coinbase CTO Balaji Srinivasan believes that if a global banking crisis occurs, Bitcoin's price could reach $1 million in less than 90 days. He anticipates a hyperinflationary scenario in the United States caused by a banking crisis, which will cause Bitcoin's value to skyrocket in the coming days. Srinivasan has even bet $2 million on his prediction of the future of the US economy and its potential impact on Bitcoin's value. The continuous financial instability has fueled demand for Bitcoin and other cryptocurrencies as a safe-haven investment, resulting in a spike in BTC prices. On Monday, the BTC/USD pair continued to rise, breaking through the resistance level of $27,750. If this bullish trend continues, it could potentially reach $30,700 or even higher.  However, if the support levels at $26,700 or $25,200 fail, the next support level for Bitcoin is at $23,150. Despite potential dips, the overall trend remains strong due to the formation of bullish engulfing candles. On Monday, the ETH/USD pair is showing a bullish bias, but its upward momentum is not as strong as Bitcoin. Ethereum is currently struggling to break through the $1,800 level. If the ETH/USD pair manages to surpass this level, it is likely to face immediate resistance at the $1,900 $. On the lower side, the ETH/USD pair is likely to gain immediate support at either the $1,700 or $1,620 level. #Binance #BTC #BNB #koinmilyoner #GPT-4

BTC and ETH Experience Over 20% Surge in Seven Days: Can the Rally Continue?

Bitcoin, the world's largest cryptocurrency, continues its upward rally and attracted more bids around the $28k mark as the total cryptocurrency market capitalization exceeded $1.17 trillion, indicating positive momentum in the crypto market and contributing to BTC gains. 

This trend coincides with some major US banks experiencing challenges, which has renewed discussions about the significance of digital currency.

Former Coinbase CTO Balaji Srinivasan believes that if a global banking crisis occurs, Bitcoin's price could reach $1 million in less than 90 days. He anticipates a hyperinflationary scenario in the United States caused by a banking crisis, which will cause Bitcoin's value to skyrocket in the coming days.

Srinivasan has even bet $2 million on his prediction of the future of the US economy and its potential impact on Bitcoin's value. The continuous financial instability has fueled demand for Bitcoin and other cryptocurrencies as a safe-haven investment, resulting in a spike in BTC prices.

On Monday, the BTC/USD pair continued to rise, breaking through the resistance level of $27,750. If this bullish trend continues, it could potentially reach $30,700 or even higher. 

However, if the support levels at $26,700 or $25,200 fail, the next support level for Bitcoin is at $23,150. Despite potential dips, the overall trend remains strong due to the formation of bullish engulfing candles.

On Monday, the ETH/USD pair is showing a bullish bias, but its upward momentum is not as strong as Bitcoin. Ethereum is currently struggling to break through the $1,800 level. If the ETH/USD pair manages to surpass this level, it is likely to face immediate resistance at the $1,900 $.

On the lower side, the ETH/USD pair is likely to gain immediate support at either the $1,700 or $1,620 level.

#Binance #BTC #BNB #koinmilyoner #GPT-4
Bitcoin Weekly Forecast: Should you trust this BTC sell signal or wait for $34,000?Bitcoin price eyes a retest of $34,485 as it trends higher after a breakout from a multi-year falling wedge. Although there is a sell sign developing on the higher timeframe, investors need to wait for more confirmation. The bears are likely to gain control if BTC loses the $19,600 level and sets up another lower low. Bitcoin price shows a clear picture of its rally after it breached a long-term bullish pattern in mid-January. As the rally takes a breather, sell signs have started to emerge, which is putting investors in a confused state.  Bitcoin price envisions its last leg of the rally Bitcoin price action set up three distinctive swing lows and two swing highs as it dropped 77% between November 2021 and November 2022 from an all-time high at $69,000. These swing points, when connected using trend lines, reveal a falling wedge pattern. So far, the pioneer crypto has rallied 26% from its breakout point at roughly $22,600. Bitcoin price has roughly 15% more to rally to meet the falling wedge’s theoretical target of $34,485. This target is obtained by measuring the distance between the first swing high and the swing low to the breakout point. As Bitcoin price pauses its ascent, the Relative Strength Index (RSI) reveals a bearish divergence. This sell signal is obtained when the momentum indicator notes a steady decline while the underlying asset rises. The non-conformity that develops often results in a small pullback or a deep correction, depending on the market conditions. Looking at the Awesome Oscillator, another momentum indicator, we cannot notice a bearish divergence, which reduces the overall confidence of a pullback, if any. If the macro outlook continues to worsen, causing widespread panic, then investors could pull out of BTC, triggering a sharp correction that will be in line with the bearish divergence’s sell signal. However, this outlook seems unlikely, considering the recent breakdown of the correlation of Bitcoin price with the US Dollar.  If any pullback does occur, the $24,000 to $25,000 range is a good place to accumulate BTC. This move will allow buyers to extend the rally by 36% and easily tag the final target of $34,485.  While the outlook for Bitcoin price is bullish, investors need to pay attention to the on-chain aspects of this rally. The short-term holder cohort has realized $292 million in profits; a level last seen in November 2021, just before BTC began its bear market. Additionally, the 365-day Market Value to Realized Value (MVRV) for Bitcoin price has flipped above the zero line and currently hovers around 24.76%, a level that was last seen in November 2021. This index reveals that these investors could offload their holdings and trigger a sell-off that fits the pullback perspective noted above. On the other hand, if the sell-off continues without a stop due to macroeconomic reasons, investors need to watchout for the $19,600 support level, a breakdown of this structure creating a lower low would invalidate the bullish thesis. Such a development could see Bitcoin price slide down to the $18,784 barrier and, in a dire case, crash 28% and retest the macro bottom range, extending from $11,898 to $13,575. #bitcoin #BTC #Altcoin #koinmilyoner #GPT-4

Bitcoin Weekly Forecast: Should you trust this BTC sell signal or wait for $34,000?

Bitcoin price eyes a retest of $34,485 as it trends higher after a breakout from a multi-year falling wedge.

Although there is a sell sign developing on the higher timeframe, investors need to wait for more confirmation.

The bears are likely to gain control if BTC loses the $19,600 level and sets up another lower low.

Bitcoin price shows a clear picture of its rally after it breached a long-term bullish pattern in mid-January. As the rally takes a breather, sell signs have started to emerge, which is putting investors in a confused state. 

Bitcoin price envisions its last leg of the rally

Bitcoin price action set up three distinctive swing lows and two swing highs as it dropped 77% between November 2021 and November 2022 from an all-time high at $69,000. These swing points, when connected using trend lines, reveal a falling wedge pattern.

So far, the pioneer crypto has rallied 26% from its breakout point at roughly $22,600. Bitcoin price has roughly 15% more to rally to meet the falling wedge’s theoretical target of $34,485. This target is obtained by measuring the distance between the first swing high and the swing low to the breakout point.

As Bitcoin price pauses its ascent, the Relative Strength Index (RSI) reveals a bearish divergence. This sell signal is obtained when the momentum indicator notes a steady decline while the underlying asset rises. The non-conformity that develops often results in a small pullback or a deep correction, depending on the market conditions.

Looking at the Awesome Oscillator, another momentum indicator, we cannot notice a bearish divergence, which reduces the overall confidence of a pullback, if any. If the macro outlook continues to worsen, causing widespread panic, then investors could pull out of BTC, triggering a sharp correction that will be in line with the bearish divergence’s sell signal. However, this outlook seems unlikely, considering the recent breakdown of the correlation of Bitcoin price with the US Dollar. 

If any pullback does occur, the $24,000 to $25,000 range is a good place to accumulate BTC. This move will allow buyers to extend the rally by 36% and easily tag the final target of $34,485. 

While the outlook for Bitcoin price is bullish, investors need to pay attention to the on-chain aspects of this rally. The short-term holder cohort has realized $292 million in profits; a level last seen in November 2021, just before BTC began its bear market.

Additionally, the 365-day Market Value to Realized Value (MVRV) for Bitcoin price has flipped above the zero line and currently hovers around 24.76%, a level that was last seen in November 2021. This index reveals that these investors could offload their holdings and trigger a sell-off that fits the pullback perspective noted above.

On the other hand, if the sell-off continues without a stop due to macroeconomic reasons, investors need to watchout for the $19,600 support level, a breakdown of this structure creating a lower low would invalidate the bullish thesis.

Such a development could see Bitcoin price slide down to the $18,784 barrier and, in a dire case, crash 28% and retest the macro bottom range, extending from $11,898 to $13,575.

#bitcoin #BTC #Altcoin #koinmilyoner #GPT-4
CFX If you make a profit, you can take out the position in an appropriate amount now 0.43 short positions are waiting to fall back. take it 🚩Keep paying attention to trend judgment, macro analysis, strategic trading guidance and other free guidance. #BTC #GPT-4 #Web3 #ETH #BNB
CFX
If you make a profit, you can take out the position in an appropriate amount now
0.43 short positions are waiting to fall back.
take it
🚩Keep paying attention to trend judgment, macro analysis, strategic trading guidance and other free guidance.
#BTC #GPT-4 #Web3 #ETH #BNB
currently just bounce then fall back can't stand now Once you don't take profit in time profits will be given back 🚩It is wise to know instant stop profit Stay tuned Trend judgment Macro analysis Strategic trading guidance #BTC #GPT-4 #Web3 #Binance #ETH
currently just bounce
then fall back
can't stand now
Once you don't take profit in time
profits will be given back
🚩It is wise to know instant stop profit
Stay tuned Trend judgment Macro analysis Strategic trading guidance #BTC #GPT-4 #Web3 #Binance #ETH
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number