InCrypto1
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History is repeating itself! Just like in 2021, after 34 weeks post-halving, BTC dominance started to drop, and altcoins pumped. Now, in 2024, we are seeing the same pattern again. š
Now i found šÆ
š¤Æ If you zoom into the 4-hour chart, youāll notice BTC dominance pumps another 5-7% before the real altseason begins. This means we might be very close to the start of altcoin season time to get ready! š³
Now i found šÆ
š¤Æ If you zoom into the 4-hour chart, youāll notice BTC dominance pumps another 5-7% before the real altseason begins. This means we might be very close to the start of altcoin season time to get ready! š³
Guys, BTC is reaching a big resistance zone between 106,500 - 111,000. This blue trendline has been there for years, and now the price is testing it again.
There are a few important things to note:
1. This trendline resistance is strong, so the price can face rejection here.
2. The Fibonacci golden zone (61.8%) is around 107,942, so this area is crucial. If BTC struggles here, it can pull back (dump).
BTC has been bullish with multiple Break of Structures (BOS), but this area looks like a point where the rally might stop i think.
Price is still above the EMAs (20/50), so the trend is strong. But if rejection happens, price can drop to 91,962 or even 88,837.
There are a few important things to note:
1. This trendline resistance is strong, so the price can face rejection here.
2. The Fibonacci golden zone (61.8%) is around 107,942, so this area is crucial. If BTC struggles here, it can pull back (dump).
BTC has been bullish with multiple Break of Structures (BOS), but this area looks like a point where the rally might stop i think.
Price is still above the EMAs (20/50), so the trend is strong. But if rejection happens, price can drop to 91,962 or even 88,837.
$BNB BNB Reaches New All-Time High With Significant Surge
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According to Odaily, recent market data indicates that BNB has experienced a significant increase, reaching a peak of 739.7 USDT. Currently, BNB is trading at 736.21 USDT, marking a 24-hour increase of 14.61%. This surge has propelled BNB to a new all-time high, reflecting a strong upward trend in its market performance.
The substantial rise in BNB's value highlights the growing interest and investment in the cryptocurrency market. This increase is noteworthy as it demonstrates the potential for further growth and stability within the digital currency sector. Investors and market analysts are closely monitoring these developments, as they may signal broader trends in the cryptocurrency landscape.
As BNB continues to gain traction, its performance is likely to influence market dynamics and investor strategies. The recent surge underscores the importance of staying informed about market movements and understanding the factors driving these changes. With BNB reaching unprecedented levels, stakeholders are keen to assess the implications for future market behavior and investment opportunities.
ć»
According to Odaily, recent market data indicates that BNB has experienced a significant increase, reaching a peak of 739.7 USDT. Currently, BNB is trading at 736.21 USDT, marking a 24-hour increase of 14.61%. This surge has propelled BNB to a new all-time high, reflecting a strong upward trend in its market performance.
The substantial rise in BNB's value highlights the growing interest and investment in the cryptocurrency market. This increase is noteworthy as it demonstrates the potential for further growth and stability within the digital currency sector. Investors and market analysts are closely monitoring these developments, as they may signal broader trends in the cryptocurrency landscape.
As BNB continues to gain traction, its performance is likely to influence market dynamics and investor strategies. The recent surge underscores the importance of staying informed about market movements and understanding the factors driving these changes. With BNB reaching unprecedented levels, stakeholders are keen to assess the implications for future market behavior and investment opportunities.
Which coin is the best coin to Hold
Hope you all are finding our morning BTC updates helpful! We'll keep sharing regular updates to keep you informed.
Trade safe! Avoid FOMO..
Trade safe! Avoid FOMO..
Hey !! Good morning fam š
Just took a look at the BTC/USDT chart, and hereās whatās standing out to me. Both the Stochastic RSI and RSI are showing that BTC is overbought, which means buyers have pushed the price up a lot in a short time. The Stochastic RSI is at 99.7, and the regular RSI is around 93.4 ā both pretty high.
Plus, BTCās price is now above the upper Bollinger Band, which often indicates high volatility. This could mean we might see a pullback or a correction soon as the price settles back towards the average.
Might be a good time to be cautious with any new buys or think about taking some profits. Letās keep an eye on it and see how it moves!
Just took a look at the BTC/USDT chart, and hereās whatās standing out to me. Both the Stochastic RSI and RSI are showing that BTC is overbought, which means buyers have pushed the price up a lot in a short time. The Stochastic RSI is at 99.7, and the regular RSI is around 93.4 ā both pretty high.
Plus, BTCās price is now above the upper Bollinger Band, which often indicates high volatility. This could mean we might see a pullback or a correction soon as the price settles back towards the average.
Might be a good time to be cautious with any new buys or think about taking some profits. Letās keep an eye on it and see how it moves!
#BTC Price Analysis Update š
š All-Time High Breakout: BTC has broken past the all-time high zone, entering price discovery mode and reaching new highs around $76,486.
š Expected Retracement Zone: Despite the upward trend, we anticipate a pullback toward the $73.7k - $71.5k region, with support levels at $73,431 (50% FVG) and $69,325 (100% FVG).
š Healthy Retracement Opportunity: A retracement would be beneficial for sustained growth, providing a chance to buy more at a discounted rate before BTCās next big move.
š All-Time High Breakout: BTC has broken past the all-time high zone, entering price discovery mode and reaching new highs around $76,486.
š Expected Retracement Zone: Despite the upward trend, we anticipate a pullback toward the $73.7k - $71.5k region, with support levels at $73,431 (50% FVG) and $69,325 (100% FVG).
š Healthy Retracement Opportunity: A retracement would be beneficial for sustained growth, providing a chance to buy more at a discounted rate before BTCās next big move.