btc next target 55k$BTC

🌙 Here's what you might have missed overnight:

⚠️ Bitcoin falls amid unusual activity
Open interest in bitcoin futures has reached $29 billion despite the price continuing to fall. This could point to further declines.

⚖️ Lawsuit against AI sites generating fake photos
Websites generating fake images of women and girls using AI have been visited more than 200 million times, sparking a wave of outrage.

🚨 Kim Dotcom is fighting extradition
The Megaupload creator says he will not leave New Zealand despite an extradition order to the US.

💻 IMF proposes to raise electricity prices for miners by 85%
The IMF is proposing an electricity tax on miners that could cut emissions by 100 million tons a year.

🔐 Crypto hacking and ransomware attacks increased in 2024
Chainalysis reports a significant increase in attacks on cryptocurrency exchanges and ransomware incidents, which has become a major concern for the industry in 2024.

NEW: 🟠 CNBC on Morgan Stanley allowing their advisors to pitch clients #Bitcoin ETFs: "It's only going to be a matter of time before it gets more traction" 🚀

Source

Finally, Bitcoin has broken above the $60,000 level and is now retesting it. The price needs to hold the $60,000 level, which is bullish. We may see a continuation of the upward movement.

🔗 The Turbo Protocol team has launched a Layer 2 solution on Ethereum, capable of processing up to 400,000 transactions per second (TPS).

For comparison, Ethereum’s blockchain handles 20-30 TPS, Solana just over 1,000, and the centralized payment system Visa around 24,000.

According to the developers, this high performance is achieved through parallel transaction processing.

btc to 50k?

Binance Is 'Cooperating' With Indian Authorities on $86 Million Tax Bill

A Binance spokesperson said the company is aware of reports "regarding tax notices being issued by Indian GST authorities."

The Central Bank of Nigeria has lifted the banking ban on Virtual Asset Service Providers (VASP) that’s been in place since February 2021.

▪ Telegram ▪ X

💡💡💡
SEC has given guidance that a Bitcoin ETF will be approved by Jan. 10.

▪ Telegram ▪ X
▪ Community ▪ Source

FIL analysis:

Price was rejected by resistance. The price may move toward local support before a possible bullish move. A candle closing above resistance is a bullish signal.

Local Support Area: $4.20-$4.35

Major Support Area: $2.95-$3.15

Resistance Area: $4.90-$5.15

On the other hand, increased seller momentum could send Ethereum price below the ascending trendline at $2,029. A break and close below this level could see ETH fall into the supply zone turned bullish breaker. A break and close below its midline at around $1,935 would solidify a continuation south

Chainlink will open LINK staking v0.2, and the staking v0.2 pool size will reach 45 million LINK (worth approximately $650 million), of which 40.875 million LINK will be allocated to the community and the rest will be allocated to Chainlink node operators. Community members can stake 1-15,000 LINK, and node operators can stake 1,000-75,000 LINK. chain.link/economics/stak…

#LINKPrice
expecting 20$

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​TON is officially the world’s fastest blockchain

On October 31, 2023, TON set a new world record by achieving an impressive peak of 104,715 transactions per second, completing a total of 107,652,545 transactions within 25 minutes during its first public performance test.

Validated and confirmed by @CertiKCommunity, this performance establishes TON as the world's fastest and most scalable blockchain, surpassing the processing speeds of all L1 blockchains and renowned centralized payment networks such as PayPal, Visa, and Mastercard.

The key to TON's exceptional performance is its unique architecture featuring horizontal sharding. This design significantly increases transaction throughput while also enhancing decentralization and security. Learn more about the architecture behind TON here.

This record highlights TON's potential and capabilities for supporting a TON-based Web3 ecosystem in Telegram, transforming the messenger into a global decentralized SuperApp, and putting crypto in every pocket.

Watch the recording of the public performance test here. For deeper insights into TON's monumental achievement, read this blog post.

Why is risk management necessary?

Risk management is a system of methods and strategies that help traders minimize losses and protect their capital. It's essential to understand that there is always a risk of losing funds in the market, and risk management allows you to handle these risks effectively.

Key principles of risk management:

1. Position size limits: One of the key aspects of risk management is determining the maximum position size you are willing to risk. Typically, this is expressed as a percentage of your trading capital.

2. Set stop-loss orders: Stop-loss orders are predefined levels at which you are willing to close your position to minimize losses. This tool automatically limits your losses.

3. Portfolio diversification: Avoid investing all your funds in a single cryptocurrency. Diversifying your portfolio can reduce risk because different assets may react differently to market changes.

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Trading plan and journal:

It is recommended to keep a trader's journal where you record all your trades, decisions, and observations. This helps you analyze your experience and improve your strategies in the future.

#BTC BRIEF UPDATE

There is a resistance of $35,300
As long as we remain below this level, chances of re-testing the $33,700 support are quite high

This support acts as a good spot for buying, btw

Bitcoin settled more than 40 million transactions in a single quarter for the first time since its inception in Q3 of 2023 — link

BITCOIN 2020 vs 2023 - [Perfect Fractal]

$36,000 -> $30,000 -> $48,000