$BTC UPDATE VIP -------------------- ⌛️Only 30 days left until BTC💰 halving countdown.
BTC halving is expected to be completed on April 20, 2024, with only 30 days left in the countdown.
The current block reward is 6.25 BTC, which will be reduced to 3.125 BTC after the halving. tform. #HotTrends #BTCHALIVING -------------------- We told you first, Crypto Brothers ®
$XLM UPDATE VIP -------------------- 🔥 Stellar's native currency, #XLM, has expanded its capabilities to include support for #SmartContracts, following the recent launch of the Soroban platform. -------------------- We told you first, Crypto Brothers ®
#$BTC VIP Analysis MARCH 19, 2024 ------------------- BIAS: Mid-Term: BULLISH Short-Term: BEARISH -------------------- The price action successfully filled out the FVG gap level between its Horizontal Resistance level and from there the price action was rejected again as we assumed.
Currently, the price action has broken down its Horizontal Support level and changed the trend level also filled out our SHORT main Interest Level ------------------- MAIN INTEREST LEVELS
⬇️SHORT⬇️ $68,321
⬆️LONG⬆️ $60,659
PREDICTED DAILY RANGE $60,659 - $65,974 -------------------- VIP ACTION PLAN #HotTrends
#HalvingHorizons $BTC UPDATE VIP -------------------- On the H4 timeframe level, the price action of $BTC is consolidating at its Horizontal Support level which is marked between the $66,164 - $65,604 Level.
Where the price action has changed the trend level and the price action can break down its Horizontal Support level and grab out its Sell-Side Liquidity level which is marked at $62,981 -------------------- We told you first,
The reason behind this is the increase in supply relative to its value. Back in November 2021 when Solana price hit its all-time high of $260, the total market capitalization of the asset was around $78 billion. Today, despite the value of the crypto asset being less than half of what it was at the top, the market cap is nearly $50 billion.
Solana market capitalization
The reason behind this is the increase in the supply of Solana by more than 100 million SOL over the past two years. For the altcoin to be worth $260 again, the market cap would need to be at $111.2 billion, which seems rather difficult even with institutions pouring billions into the asset.
This opinion was reiterated by popular analyst Duo Nine, who, in a tweet, noted that for SOL to hit $260 today, the market would need dilution, which would require a lot more buyers. Even though crypto adoption is expanding, pumping over $65 billion into an asset is still rather difficult.
Hence, the best option for investors would be to tap out when SOL crosses the $78 billion market cap price point and begins slowing down its rally, as that could be the saturation point for Solana. #sol #BTC
The Moving Average Convergence Divergence (#MACD ) is a trend-following momentum indicator that helps traders and analysts identify potential buy and sell signals in an asset's price chart.
1. MACD Line (Blue Line): This is the difference between the 26-period Exponential Moving Average (EMA) and the 12-period EMA. The MACD line is more responsive to short-term price changes.
2. Signal Line (Orange Line): This is a 9-period EMA of the MACD line. It's used to generate trading signals.
3. Histogram: The histogram is the vertical bars that represent the difference between the MACD line and the signal line. It provides a visual representation of the MACD's divergence from the signal line. #BTC #BONK #Ledger
BTC is currently exhibiting an ascending trend, having rebounded after retesting above the Ichimoku cloud. It is trading below the trendline resistance.
To establish a strong bullish confirmation, bulls must achieve a decisive breakout beyond the trendline resistance. Conversely, a rejection at this level would indicate the potential for further consolidation in the market. #BTC #SignalAlert $BTC