At **$96,400**, Bitcoin has broken key support levels, showing strong bearish momentum. Here’s an analysis of the current situation and possible next moves: --- ### **Analysis of the Current Drop** 1. **Key Breakdown**: - Bitcoin falling below the critical support zone of **$100,000–$98,000** indicates continued selling pressure. - The move down to $96,400 suggests buyers are hesitant, and sellers are dominating. 2. **Volume Confirmation**: - Check trading volume on this move. High volume would confirm strong bearish sentiment, while low volume may indicate a temporary dip or stop-loss hunting before a bounce. 3. **Sentiment and Momentum**: - Fear could drive further selling if major support levels don’t hold. --- ### **Key Levels to Watch** - **Immediate Support**: - **$95,000**: Psychological and technical support level. If this breaks, Bitcoin could slide further toward **$92,000** or even **$90,000**.
- **Resistance Levels**: - **$98,000–$100,000**: This zone now acts as resistance. Any recovery will need to break above these levels for bulls to regain control. --- ### **Possible Scenarios** 1. **Further Decline**: - If **$95,000** is breached with strong volume, Bitcoin could test **$92,000–$90,000** next. - Watch for panic selling if key supports fail. 2. **Short-Term Bounce**: - If Bitcoin finds support at **$95,000**, it could stage a rebound toward **$98,000–$100,000**, but sustained upward movement will depend on breaking these levels. 3. **Sideways Consolidation**: - If buyers step in, the price might stabilize between **$95,000–$98,000**, forming a base for the next move #Btcnextmove $BTC
$PEPE News : As Of 20th December,2024 As of December 20, 2024, several developments have emerged concerning "PEPE" across different domains: 1. Pepe Coin ($PEPE ) Developments: Market Performance: $PEPE , a prominent meme coin, has experienced significant volatility. Earlier this month, it achieved an all-time high of $0.00002825. However, recent analyses indicate a potential decline, with forecasts suggesting a drop toward $0.00001418–$0.00001097 due to bearish momentum. Investor Activity: Despite the downturn, large holders, known as "whales," have been accumulating $PEPE , indicating sustained interest in the token. This accumulation suggests that some investors anticipate a rebound or long-term value in the asset.
🔥🔥Why Did LUNC Crash from $119 to $0.00001 in Just One Day? 😱 🚨 The dramatic fall of $LUNC (Terra Classic) from a high of $119 to a mere $0.00001 in a single day left the entire crypto world in shock! 😳 So, what exactly happened? Let’s break it down! 1. Stablecoin Gone Wrong 💥: Terra's algorithmic stablecoin, UST, lost its peg to the US dollar. This led to a massive sell-off as investors panicked and lost faith in UST's stability. 😬 2. Liquidity Crisis 💸: As UST’s value dropped, everyone rushed to pull out their funds, but there wasn’t enough liquidity to handle the massive withdrawals. This created a huge liquidity crunch, adding more fuel to the fire! 🔥 3. The Death Spiral 🔄: The combination of the depegged UST and liquidity shortage triggered a death spiral. Investors started selling their UST and LUNC even faster, sending prices into free fall! 🚨 4. No Safety Net🛑: Unlike traditional stablecoins, UST didn’t have a solid reserve of assets to back it up. This left it vulnerable and easy to collapse when things went south. 😕 5. Regulatory Woes ⚖️: On top of everything, regulatory uncertainty surrounding the Terra ecosystem only made things worse, causing investors to lose trust even quicker. 😤 The LUNC crash is a painful reminder of the dangers of algorithmic stablecoins and the critical importance of strong risk management, transparency, and following regulations in the crypto space. 🚨 Stay cautious, folks! 💡 Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
Financial markets offer limited risk but unlimited possibilities.
Few understand this after their first big loss.
Most quit like a loser instead of taking the challenge head on and taking back what they lost to the market and 1000 times more.
I lost over $150K in my first nine months of trading, but those losses taught me better than anything else on the planet.
It taught me so well, not only did I become extremely profitable over the next few years, but also helped over a thousand traders across the world make profits from financial markets.
My losses back then helped all of us.
Thank your mistakes. They are the greatest lessons. When I look back, it feels like a blessing.
Here's a chance to win 5000 $USDC Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC) All eligible users can complete each of the following tasks once every day during the Activity Period. Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations). Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours. Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry. Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant. Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. #BinanceAlphaTop5 #BinanceSquareFamily
$BTC Bitcoin's current price is around $104,566.57, with a 2.36% increase in the last 24 hours.¹ It's also reached an all-time high of $106,488.25, with some analysts predicting it could hit $200,000 by mid-2025.²
Bitcoin's price has been surging, and some experts believe it's due to increasing institutional adoption and strong demand-side pressure. Others think it might be related to the growing interest in Bitcoin from investors and the rising demand for cryptocurrencies.
Keep in mind that the cryptocurrency market can be highly volatile, and prices may fluctuate rapidly. $BTC $ETH
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.