It is possible to understand the support and resistance points in the markets by monitoring the short-term buying levels of Bitcoin and altcoin whales.
According to a report published by cryptocurrency analysis platform CryptoQuant, Bitcoin has fallen below the short-term whale buying level. During the market decline, Bitcoin fell to the $49,000-$50,000 range. Many investors saw this decline as an opportunity to buy from the bottom, resulting in a recovery in the market. According to CoinGecko data, Bitcoin briefly rose to $62,000; it is currently trading at $60,688.
The average purchase cost of short-term whales is in the range of $64,000-$65,000, which is considered a potential resistance level. When the Bitcoin price reaches this level, whales may choose to sell their coins as they will be at breakeven, which could lead to selling pressure in the market.$BTC
“Long-term investors have the realized price at $22,000 and will approach that value as Bitcoin rises. If Bitcoin is in demand, a significant upward move could occur,” analysts at CryptoQuant wrote.
On the other hand, the $100,000 target for Bitcoin this year has come to the agenda again. “If Trump wins the election, a rush of new buyers could push the Bitcoin price above $100,000,” said Transform Ventures founder Michael Terpin.
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So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
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WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
