#Bitcoin Bullish Retest ! 🚀 After breaking the horizontal r | Nazakat-f0469 on Binance Square

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#Bitcoin Bullish Retest ! 🚀After breaking the horizontal resistance, $BTC now retested it support.
The next big resistance for #BTC is at $71,500#bitcoin 
#bnb 
#EtheruemETF 
#Biden_Out_BTC_Up 

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While often seen as a memecoin, Dogecoin’s technology should not be underestimated. Unlike Bitcoin, which has a more resource-intensive proof-of-work model, Dogecoin uses a simplified version of it, enabling faster and cheaper transactions. This positions Dogecoin as a potential leader for microtransactions and everyday use cases in the future. The simplicity of Dogecoin’s code also makes it easy for developers to modify and integrate into new platforms. As blockchain technology evolves, Dogecoin’s scalability will be key to its adoption for things like peer-to-peer payments and remittances. Its ability to quickly execute small transactions at low fees makes it a prime candidate for widespread adoption in a future where digital payments are the norm. $DOGE

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The total crypto market cap edged 3.3 percent higher in the last 24 hours to hover about $3.5 trillion on Thursday, November 28, during the early Asian session. $BTC price briefly touched $97.3k after a 4 percent rally in the past 24 hours, before retracing to about $95.6k at the time of this writing. The altcoin industry registered the highest gains led by Ethereum (ETH), which pumped over 7 percent to reach a daily range high of about 3,682. Consequently, nearly $300 million was liquidated from the crypto-leveraged market, mostly involving long traders. Major Factors That Fueled Crypto Rebound Today Emergence of FOMO Traders As Bitcoin price briefly touched $91k, the social calls for buy the dip during this year’s Thanksgiving and Black Friday significantly spiked. The Google trends for Bitcoin searches have reached a new high since May 2022, signaling the re-emergence of FOMO traders in the crypto industry. Already, the overall Open Interest (OI) in the crypto market has surged to a new all-time high of above $120 billion. With the notable spike in stablecoins supply on different blockchains, it is safe to deduce that the FOMO traders have significantly increased. Crypto Deregulation in China and Morocco After banning the crypto market trading since 2017, the government of Morocco has now legalized its adoption. Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM), said the bank is preparing a draft law aimed at regulating crypto assets, which is now in the adoption process. Meanwhile, Chinese companies are gradually adopting the cryptocurrency market led by Bitcoin as the government eases its crackdown on crypto assets. On Thursday, SOS, a Chinese publicly traded company, announced the Board of Directors approved its plan to invest $50M to purchase Bitcoin. Rising Demand from Whale Investors Following the agreed ceasefire between Israel and Lebanon, which signaled potential stability in the Middle East, the crypto market followed major global indexes in a bullish recovery.

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Today's $BTC TLDR 📝 🔹 Bitcoin ETF trading surged,with BlackRock's $IBIT dominating, handling $3.33 billion of a $5 billion volume. Brazil proposes a Sovereign Strategic Bitcoin Reserve to back its central bank digital currency, Real Digital. Brazil considers allocating 5% of international reserves to Bitcoin for asset diversification and risk management. 📈 In the last 24 hours, Bitcoin's price moved +0.81% to $93.32k and trading volume moved +2.45% to $88.70b.

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Pi Coin is an IoU that is not affiliated with the real project and is only listed in HTX. It is often seen as a proxy for the coin, which explains why its price has jumped in the past few weeks. On the daily chart, the Pi price jumped to $100 earlier this month after the developers confirmed that the mainnet launch was on the way. It then suffered a harsh reversal and dropped to $45 on November 12. The coin has now bounced back and remains above the 50-day and 200-day Exponential Moving Averages. It has also rallied above the ultimate resistance of the Murrey Math Lines.

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