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Bitcoin price analysis Bitcoin bulls attempted to push the price above the moving averages
on August 14, but the bears held firme
The bears will try to strengthen their position and sink the BTC/USDT pair to the critical support at $55,724. This level is likely to attract strong buying from the bulls. If the price rebounds from $55,724, the bulls will again try to take the pair above the moving averages. If they are successful, the pair could start a rally towards $70,000. The bears are expected to fiercely defend the zone between USD 70,000 and USD 73,777.
On the downside, a break and close below $55,724 could signal the start of a deeper correction. The pair could then fall towards USD 49,000.
#Bitcoin❗️ $BTC #MarketDownturn #Binance #sigueme #news
on August 14, but the bears held firme
The bears will try to strengthen their position and sink the BTC/USDT pair to the critical support at $55,724. This level is likely to attract strong buying from the bulls. If the price rebounds from $55,724, the bulls will again try to take the pair above the moving averages. If they are successful, the pair could start a rally towards $70,000. The bears are expected to fiercely defend the zone between USD 70,000 and USD 73,777.
On the downside, a break and close below $55,724 could signal the start of a deeper correction. The pair could then fall towards USD 49,000.
#Bitcoin❗️ $BTC #MarketDownturn #Binance #sigueme #news
Bitcoin Price Analysis: Good News Boosts ВТС
The price of Bitcoin is trading at $60,600, with gains in the last 24 hours of 1.9% and weekly gains of 6.3%. However, just a few hours ago it reached daily highs of $61,578, according to
CoinMarketCap.
The good news has boosted the BTC price to the important levels reached today, as investors optimistically await the US CPI figures due to be released on August 14. Among the news that has favored the price of BTC is Marathon Digital's announcement of its plans to offer 250 million in convertible senior bonds. Marathon Digital is one of the largest Bitcoin mining companies in the world.
A relevant fact is that BTC has managed to recover from the settlement zone of $58,250. Now, a break above the $62,000 level would be significant, and if the CPI data is positive, we could see that recovery. However, the most important resistance level is around $62,000, and breaking it could lead the price to retest the $65,000. The key support level is at $58,250, and if this level does not withstand a sharp drop, we could see a search for support around $56,767.
$BTC #MarketDownturn #Bitcoin! #Binance #Crytomonedas
The price of Bitcoin is trading at $60,600, with gains in the last 24 hours of 1.9% and weekly gains of 6.3%. However, just a few hours ago it reached daily highs of $61,578, according to
CoinMarketCap.
The good news has boosted the BTC price to the important levels reached today, as investors optimistically await the US CPI figures due to be released on August 14. Among the news that has favored the price of BTC is Marathon Digital's announcement of its plans to offer 250 million in convertible senior bonds. Marathon Digital is one of the largest Bitcoin mining companies in the world.
A relevant fact is that BTC has managed to recover from the settlement zone of $58,250. Now, a break above the $62,000 level would be significant, and if the CPI data is positive, we could see that recovery. However, the most important resistance level is around $62,000, and breaking it could lead the price to retest the $65,000. The key support level is at $58,250, and if this level does not withstand a sharp drop, we could see a search for support around $56,767.
$BTC #MarketDownturn #Bitcoin! #Binance #Crytomonedas
2020 ETH Fractal Says SOL Could Hit $1,000
Cryptocurrency trader and technical analyst Kaleo believes SOL's current fractal reflects Ether's momentum ahead of its 245% surge above its previous all-time high in 2021, suggesting SOL could reach $1,000 in 2025.
While there is no harm in setting exceptionally bullish targets, short-term on-chain metrics for the Solana network indicate declining activity, hardly a sign that typically precedes a bull run. Furthermore, if SOL were to trade at $1,000, it would imply a market cap of over $500 billion, a level that Ether held for less than 40 days during the peak of the cycle in late 2021. For context, only 18 global companies listed They currently have valuations in excess of $500 billion, making this scenario seem unlikely even for extremely profitable brands like Costco, Procter & Gamble, and Bank of America. From a fundamental analysis point of view, SOL trading at $1,000 seems highly unlikely. However, this does not rule out the possibility of SOL reaching $300, which would represent a 104% gain from its current level of $147.$SOL
#Solana #MarketDownturn #Binance #SolanaMemeCoins #USDT $
Cryptocurrency trader and technical analyst Kaleo believes SOL's current fractal reflects Ether's momentum ahead of its 245% surge above its previous all-time high in 2021, suggesting SOL could reach $1,000 in 2025.
While there is no harm in setting exceptionally bullish targets, short-term on-chain metrics for the Solana network indicate declining activity, hardly a sign that typically precedes a bull run. Furthermore, if SOL were to trade at $1,000, it would imply a market cap of over $500 billion, a level that Ether held for less than 40 days during the peak of the cycle in late 2021. For context, only 18 global companies listed They currently have valuations in excess of $500 billion, making this scenario seem unlikely even for extremely profitable brands like Costco, Procter & Gamble, and Bank of America. From a fundamental analysis point of view, SOL trading at $1,000 seems highly unlikely. However, this does not rule out the possibility of SOL reaching $300, which would represent a 104% gain from its current level of $147.$SOL
#Solana #MarketDownturn #Binance #SolanaMemeCoins #USDT $
Worldcoin cryptocurrency fails to recover after “Black Monday” WLD is the token received by those who have their iris scanned on devices called "orbs" Key
facts: Several cryptocurrencies have already managed to recover after last week's fall.
Worldcoin lost the $2 mark at the beginning of August and has not been able to surpass it.
The Worldcoin token is thus different from many other cryptocurrencies that have managed to recover quickly from the fall.
Some even have weekly price increases of around 50%, as is the case of Sui (SUI) and Helium (HNT). Something that prevents the price of WLD from rising quickly is that it is a highly inflationary token and the market knows it. Investors generally prefer to hold assets in their investment portfolios that are not subject to great inflationary pressure. It is worth clarifying that the fall of WLD cannot be attributed only to "Black Monday."
It had already been in a downward trend for months, as can be seen in the historical graph of its ntioninn on Ineavnhondac do
$WLD #worldocin #MarketDownturn #No_Olvides_Seguirme #noticias
facts: Several cryptocurrencies have already managed to recover after last week's fall.
Worldcoin lost the $2 mark at the beginning of August and has not been able to surpass it.
The Worldcoin token is thus different from many other cryptocurrencies that have managed to recover quickly from the fall.
Some even have weekly price increases of around 50%, as is the case of Sui (SUI) and Helium (HNT). Something that prevents the price of WLD from rising quickly is that it is a highly inflationary token and the market knows it. Investors generally prefer to hold assets in their investment portfolios that are not subject to great inflationary pressure. It is worth clarifying that the fall of WLD cannot be attributed only to "Black Monday."
It had already been in a downward trend for months, as can be seen in the historical graph of its ntioninn on Ineavnhondac do
$WLD #worldocin #MarketDownturn #No_Olvides_Seguirme #noticias
Trump victory may be bullish for crypto, according to Bernstein
Market sentiment suggests that a Trump election victory would be bullish for cryptocurrencies and a Harris win would be bearish, according to the report.
Crypto market sentiment indicates that a Trump election victory would be a more optimistic outcome, Bernstein said in a report. The broker notes that bitcoin weakened as Polymarket odds and polls changed in Harris' favor.
Trump supporters have called the change in odds an initial honeymoon phase, the trader said.
Market sentiment suggests that a Donald Trump victory in the US election in November would be bullish for cryptocurrency markets and a Kamala Harris victory would be bearish, Wall Street trader Bernstein said in a research report on Monday.
#Binance #Bitcoin #trump #noticias
Market sentiment suggests that a Trump election victory would be bullish for cryptocurrencies and a Harris win would be bearish, according to the report.
Crypto market sentiment indicates that a Trump election victory would be a more optimistic outcome, Bernstein said in a report. The broker notes that bitcoin weakened as Polymarket odds and polls changed in Harris' favor.
Trump supporters have called the change in odds an initial honeymoon phase, the trader said.
Market sentiment suggests that a Donald Trump victory in the US election in November would be bullish for cryptocurrency markets and a Kamala Harris victory would be bearish, Wall Street trader Bernstein said in a research report on Monday.
#Binance #Bitcoin #trump #noticias