OBV
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$BTC
#OBV has broken out, re-tested, and is now surging once again.
Anyone saying this is just like the past 7 months is missing the bigger picture.
Winter is coming, and the bears are about to hibernate. ššš
#BTCSoarsTo68K #CryptoNewss #BinanceSquareFamily #USStockEarningsSeason
#OBV has broken out, re-tested, and is now surging once again.
Anyone saying this is just like the past 7 months is missing the bigger picture.
Winter is coming, and the bears are about to hibernate. ššš
#BTCSoarsTo68K #CryptoNewss #BinanceSquareFamily #USStockEarningsSeason
FTX Token Set for a 160% Surge Ahead of Key Hearing
The FTX (#FTTš„š„ ) token has become a hot topic due to speculation surrounding FTX's plans to repay its creditors and customers. With a crucial hearing scheduled for October 7, investors have shown increased interest in FTT, driving its value up significantly.
Preparing for a 160% Price Surge
Ahead of the hearing, traders have been flocking to the #FTTToken , and its technical setup suggests a potential price surge of up to 160%. This increase could push $FTT to reach a 10-month high.
FTT Draws the Attention of Traders
Currently, the FTX token is trading at $2.23, reflecting a 64% increase over the past week. This rally is largely fueled by the anticipation of the October 7 hearing, where discussions on repaying creditors and customers will take place.
Sunil Kavuri, a representative of FTX's creditors, stated that if the court approves the repayment plan, creditors owed less than $50,000 could start receiving payments by the end of 2024. Those with larger claims may have to wait until mid-2025.
Increased Activity of Dormant Tokens
Data from Santiment shows that long-held tokens have started changing hands, signaling market anticipation. The token consumption metric, which tracks the movement of long-held coins, has seen a sharp increase.
Additionally, positive daily active addresses (DAA) for FTT, which measure asset price movements against daily active addresses, have risen by 25.46%, indicating growing demand for FTT.
This rally, accompanied by positive DAA divergence, is a bullish sign that suggests increasing interest and potential for further price growth.
FTT Price Prediction: All Eyes on the Court
The growing balance volume of FTT confirms a sharp increase in accumulation ahead of the October 7 hearing. The buying and selling pressure indicator is now at its highest level since December 2023, rising by 69% in the last four days.
If the on-balance volume (#OBV ) exceeds previous highs, it indicates that the token could break through resistance levels, signaling a strong bullish trend. Buyers are accumulating assets, which could lead to a price surge.
Should the court approve the repayment plan and buying momentum accelerates, FTT could break resistance at $4.91 and rise to $5.98, marking a 160% increase from its current price.
On the other hand, if the repayment plan is rejected, profit-taking activity could rise, potentially driving the price of FTT down to $1.
Preparing for a 160% Price Surge
Ahead of the hearing, traders have been flocking to the #FTTToken , and its technical setup suggests a potential price surge of up to 160%. This increase could push $FTT to reach a 10-month high.
FTT Draws the Attention of Traders
Currently, the FTX token is trading at $2.23, reflecting a 64% increase over the past week. This rally is largely fueled by the anticipation of the October 7 hearing, where discussions on repaying creditors and customers will take place.
Sunil Kavuri, a representative of FTX's creditors, stated that if the court approves the repayment plan, creditors owed less than $50,000 could start receiving payments by the end of 2024. Those with larger claims may have to wait until mid-2025.
Increased Activity of Dormant Tokens
Data from Santiment shows that long-held tokens have started changing hands, signaling market anticipation. The token consumption metric, which tracks the movement of long-held coins, has seen a sharp increase.
Additionally, positive daily active addresses (DAA) for FTT, which measure asset price movements against daily active addresses, have risen by 25.46%, indicating growing demand for FTT.
This rally, accompanied by positive DAA divergence, is a bullish sign that suggests increasing interest and potential for further price growth.
FTT Price Prediction: All Eyes on the Court
The growing balance volume of FTT confirms a sharp increase in accumulation ahead of the October 7 hearing. The buying and selling pressure indicator is now at its highest level since December 2023, rising by 69% in the last four days.
If the on-balance volume (#OBV ) exceeds previous highs, it indicates that the token could break through resistance levels, signaling a strong bullish trend. Buyers are accumulating assets, which could lead to a price surge.
Should the court approve the repayment plan and buying momentum accelerates, FTT could break resistance at $4.91 and rise to $5.98, marking a 160% increase from its current price.
On the other hand, if the repayment plan is rejected, profit-taking activity could rise, potentially driving the price of FTT down to $1.
š The range-bound price action continues
#LUNACLASSIC has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
The #OBV was unable to break the highs from July, which meant the #buying volume was not large enough to boost the chances of a #LUNCā breakout.
The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.
#TON
#LUNACLASSIC has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
The #OBV was unable to break the highs from July, which meant the #buying volume was not large enough to boost the chances of a #LUNCā breakout.
The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.
#TON
š„š„š„ #bitcoinprice Analysis: Why September Could Be a Game-Changer!
Bitcoin Gearing Up for a Bullish Surge: Analyst Insights and September's Significance
- Bitcoin ($BTC ) is on the verge of a strong bullish uptrend, with its price currently standing at $63,455, the highest this month. The market has experienced four consecutive green candlesticks, signaling aggressive movement toward a bullish phase. Crypto analyst IncomeSharks shared key insights on X, highlighting On-Balance Volume (OBV) as a critical indicator for the upcoming BTC rally.
Bitcoin OBV Analysis: Key Takeaways
- According to IncomeSharks, the OBV chart shows that Bitcoinās #OBV value has broken a significant resistance level. OBV tracks whether more people are buying or selling BTC, and the current data suggests that buyers are dominating the market. This raises a big question: Is a massive bullish momentum on the horizon?
Why September Matters for Bitcoin
- Another factor boosting confidence in a potential BTC uptrend is Bitcoin's historical performance in September, a traditionally favorable month. In September 2023, Bitcoin delivered a return of +3.99%, contrasting with August's -11.2% drop. This trend provides further optimism for BTC's performance this month.
A Quick Look at the Bitcoin Market
- After peaking in mid-March, Bitcoin entered a volatile downtrend, ranging between $53,000 and $72,000. Following a Federal Reserve rate cut, BTC climbed to $63,324. Experts predict it could surpass $73,000 by Q4 2024, citing Bitcoin's history of positive returns in 8 of the last 13 quarters, including a +56.6% gain in Q4 2023.
Conclusion: Bullish Momentum Ahead?
With the OBV indicator signaling strong buying pressure and Bitcoinās positive historical trends, thereās growing anticipation for massive growth in the coming months. As market dynamics evolve, many are revisiting their Bitcoin price predictions, expecting further upward movement.
Source - coinpedia.org
#CryptoMarketTrend #BinanceSquareBTC #CryptoBullMarket
Bitcoin Gearing Up for a Bullish Surge: Analyst Insights and September's Significance
- Bitcoin ($BTC ) is on the verge of a strong bullish uptrend, with its price currently standing at $63,455, the highest this month. The market has experienced four consecutive green candlesticks, signaling aggressive movement toward a bullish phase. Crypto analyst IncomeSharks shared key insights on X, highlighting On-Balance Volume (OBV) as a critical indicator for the upcoming BTC rally.
Bitcoin OBV Analysis: Key Takeaways
- According to IncomeSharks, the OBV chart shows that Bitcoinās #OBV value has broken a significant resistance level. OBV tracks whether more people are buying or selling BTC, and the current data suggests that buyers are dominating the market. This raises a big question: Is a massive bullish momentum on the horizon?
Why September Matters for Bitcoin
- Another factor boosting confidence in a potential BTC uptrend is Bitcoin's historical performance in September, a traditionally favorable month. In September 2023, Bitcoin delivered a return of +3.99%, contrasting with August's -11.2% drop. This trend provides further optimism for BTC's performance this month.
A Quick Look at the Bitcoin Market
- After peaking in mid-March, Bitcoin entered a volatile downtrend, ranging between $53,000 and $72,000. Following a Federal Reserve rate cut, BTC climbed to $63,324. Experts predict it could surpass $73,000 by Q4 2024, citing Bitcoin's history of positive returns in 8 of the last 13 quarters, including a +56.6% gain in Q4 2023.
Conclusion: Bullish Momentum Ahead?
With the OBV indicator signaling strong buying pressure and Bitcoinās positive historical trends, thereās growing anticipation for massive growth in the coming months. As market dynamics evolve, many are revisiting their Bitcoin price predictions, expecting further upward movement.
Source - coinpedia.org
#CryptoMarketTrend #BinanceSquareBTC #CryptoBullMarket