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mamozi
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🚨 Exciting news in the #crypto space! The US government is clarifying regulations, paving the way for more projects to get approved. This could boost confidence and investment in top players like #
Solana
, #
Ethereum
, and #
Bitcoin
. Stay tuned! 🌟💰
#CryptoRegulations
#BIOOnBinance
#BIOOpenonBinance
#BinanceAlphaAlert
#USJoblessClaimsDrop
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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+3.56%
777
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$BTC higher value in 24-hour is 98976 $BTC
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🚨BULLISH NEWS🚨 FTX will repay $16 BILLION to creditors starting TODAY Payments are expected within 60 days A big chunk of that $$$ might flow BACK INTO CRYPTO The bull run just got its fuel. Buckle up🔥 #Bitcoin #crypto $BTC #BIOOnBinance #BIOOpenonBinance #BinanceAlphaAlert #USJoblessClaimsDrop
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UPDATE: #Memecoin $PEPE (@pepecoineth) enters the top 20 by market cap. $PEPE #BIOOnBinance #BinanceAlphaAlert #BinanceAlphaAlert #USJoblessClaimsDrop #Binance250Million
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hi
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$BTC December Price Movement Signals Potential Bearish Reversal According to BlockBeats, CoinDesk market analyst Omkar Godbole reported on January 3 that Bitcoin reached an all-time high of over $108,000 in December 2024, but closed the month below $94,000. This price movement formed a 'shooting star' bearish reversal candlestick pattern on the monthly chart. The shooting star pattern is characterized by a long upper shadow, indicating a significant gap between the high and the opening price, with a small candle body showing a minor difference between the opening and closing prices. The upper shadow should be at least twice the size of the body, while the lower shadow is typically very short or absent. In Bitcoin's case, the upper shadow was nearly four times the size of the body, with almost no lower shadow. This pattern suggests that buyers initially drove the price higher, but sellers gained control near the peak, pushing the price below the opening level, hinting at a potential return of bearish sentiment in the market. The shooting star appeared after a significant upward trend from $70,000 to over $100,000, warning of a possible bearish reversal. If the price falls below December's low of $91,186, this reversal would be confirmed, marking a critical level for bulls to defend. Notably, similar long upper shadow candlestick patterns have appeared at previous bull market peaks. The cautionary signal from the latest shooting star aligns with the broader macroeconomic environment, suggesting challenges for risk assets. This is mainly driven by the Federal Reserve's recent hawkish signals, rising Treasury yields, and a strengthening dollar index. Despite these concerns, analysts remain confident that the Federal Reserve will retract its recent indication of reducing rate cuts in 2025, thereby supporting the bullish trend for Bitcoin and risk assets overall. $BTC
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