The news indicates that European exchanges have begun a gradual delisting process for Tether (USDT), but it has not yet been fully delisted.
The deadline for the full delisting is December 30, 2024, which means there is time left to comply with regulations or take other measures.
🔍 The reason? Tether is not in compliance with new regulations aimed at regulating the cryptocurrency market and ensuring transparency.
⚠️ What is the impact? • The liquidity and growth of the cryptocurrency market in Europe may be affected, and there is no impact on cryptocurrencies in general.
📌 On the other hand: The currency is growing in US markets amid supportive economic conditions.
Bitcoin is recovering after reaching a major support level at 92,000$ after breaking down below the rising wedge pattern and confirming the downside. The ichimoku cloud area is now acting as a resistance barrier to the price rise while the 200 days MA indicator is acting as support for the current price action. We need to hold the current levels until we see more upside movements. A breakdown below the support would lead to a correction. 👍
After the price collapsed below the rising wedge pattern and confirmed the downtrend, the currency bounced off the support of the 200 days MA indicator and now the price is stabilizing above the 100 days MA indicator, which acts as support for the current price movement. While the ichimoku cloud area acts as resistance above the current price action. If Bitcoin can maintain the current price zone, we may see a trend reversal and bullish moves.
To enter ME/USDT between 2.5 and 3.0, 3 targets can be set as follows: 1. First target (📊): $3.5 - represents an initial resistance level that reflects quick gains. 2. Second target (📊): $4.00 - can be achieved if the positive momentum in the market continues. 3. Third target (☄️): $4.5 - an ambitious level that reflects a strong move based on positive developments. Tips: Use a stop loss below level 2 (🔜) to protect capital. Monitor technical indicators such as RSI and MACD to determine the possibilities of an upside. Continuously updating prices and analyzing the market is important to achieve these goals!
After the price collapsed below the rising wedge pattern and confirmed the downtrend, the currency rebounded from the support of the 200-day MA indicator and now the price is stable above the 100-day MA indicator, which acts as support for the current price movement. While the ichimoku cloud area acts as resistance above the current price movement. If Bitcoin can maintain the current price area, we may see a reversal in the trend and upward movements. As for the collapse below the support of the 100-day MA indicator, it will lead to further downward movements.
⚠️ Note: With the rise of Bitcoin, the acquisition will increase and the alternative currencies will not move with the same strength. We may see a strong recovery and rise of the alternative currencies with Bitcoin achieving a new peak and then a correction in the acquisition ⚠️ #ChristmasMarketAnalysis $BNB $BTC $ETH
<t-19/>#BTCOutlook #BTCOutlook Bitcoin (BTC) Overview - December 2024 Bitcoin continues to maintain its position as the leading cryptocurrency, with strong performance in 2024. Here is an analysis of its current status and future outlook: --- Current Market Overview Price: ~$96,470 Market Cap: ~$1.91 Trillion