#BTC/USDT ANALYSIS

BTC is on the verge of a long falling wedge breakout on 12H. The Ichimoku cloud and the MA 100 are also acting as resistance on the falling wedge.

Currently, the price retested above the horizontal support, and a solid breakout of the falling wedge would be a sign of a strong bullish rally in the market.

What is #MVRV Ratio ?

The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.

The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.
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What is Crypto Faucet ?

A crypto #faucet is a website or application that rewards users with small amounts of #cryptocurrency for completing certain tasks or activities. It is called a "#faucet" because it operates similarly to a tap or faucet that releases small amounts of water.

In the context of #cryptocurrency, a faucet typically dispenses small fractions of a cryptocurrency token, such as #Bitcoin or #Ethereum, to users. These tokens are usually given away for #free and serve as a way to introduce new users to the world of cryptocurrencies. The tasks or activities required to earn the #rewards can vary and may include #watching advertisements, #completing surveys, #playing games, or #solving captchas.
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What is #Unlabelled Miners ?

#Unlabeled #miners refer to the anonymous or unidentified participants in a #cryptocurrency network who are mining blocks but have not been publicly associated with any specific mining #pool or entity. In many blockchain networks, miners are typically associated with specific #mining pools or known entities that publicly #disclose their participation in the network.

Unlabeled miners, on the other hand, operate #independently without publicly declaring their identity or #affiliation. Their mining activities can be observed on the #blockchain as they contribute #computational power to validate transactions and secure the network. However, their specific identities or affiliations are not disclosed or #publicly known.

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Bitcoin reclaims the trendline and the price is holding above it. The market is showing good upward movement. We might see an upward rally in altcoins while BTC again tests the $28,000 resistance level.
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#Ethereum supply on exchanges hits lowest level since 2015 and almost 90% of #Ethereum now in self-custody as . remaining 10.31% of existing Ethereum on exchanges.
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The formation of 2 bullish harmonic patterns in the #APE price chart can be a very good sign of an uptrend, but it is better to wait for it to break from the trendline. The first upside target could be $4.80 .

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Top #Stablecoin Market Cap Over Last 4 Months

#USDT : +$14B
#USDC : -$10B
#BUSD : -$14.6B
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#Bitcoin price broke the pattern to the bottom and dropped to support. It is more likely that the support will not be broken, and the price will grow again up to $28,000. But still watch out, and if the support is broken, the next support is $24,200-23,800
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#ADA/USDT ANALYSIS

ADA retested successfully above the falling wedge and the Ichimoku cloud after a decent breakout. It also bounced from the key horizontal support.
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MANA analysis:

MANA is trading in a downtrend channel. The resistance is $0.615-$0.62 area. The support is $0.533-$0.54 area and we might see a test of this zone before the next move. This is no trade zone for MANA.
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Breaking: #Crypto-Friendly #SVB Acquired By First Citizens Bank At 99% Discount. 🏦

First Citizens BankShares has acquired Silicon Valley Bank from the Federal Deposit Insurance Corp (FDIC) for $500 million.
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Bloomberg: 🇨🇳 #Chinese Banks Are Extending Support to 🇭🇰 Hong Kong-based #Crypto Firms.
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Here's the analysis of #MATIC :

MATIC made a strong bounce from the strong support zone of $0.930 - $0.951. Currently, price is moving inside the falling wedge pattern and potentially reach out the major support level around $0.999 - $1.029.
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Auto-Invest Adds Arbitrum Portfolio and ARB, GMX, MAGIC, GNS Listings
https://www.binance.com/en/support/announcement/24276535c8e14f97b2895ebe1f7c3bf1
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Binance Liquid Swap Adds ARB/BTC, ARB/USDT, GMX/BTC, CFX/USDT, STX/USDT & GNS/USDT Liquidity Pools
https://www.binance.com/en/support/announcement/ec6b08fb92b44160a888617dfc8a1369
#Binance #ARBITRUM #BTC #BNB #leontech

#BTC/USDT ANALYSIS

BTC is moving in a symmetrical triangle and currently holding above MA 200, Ichimoku cloud, and the inside marked trendline support.
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