LIVELina Al-Maqtaria
@Square-Creator-99e6cf4bed86
Cryptocurrency trading expert, combining technical analysis with market fundamentals to provide customized investment advice and strategies.
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$NEIRO
My Prediction:
Possible Upside: If the price can break the resistance at 0.0021500 USDT, it may target higher levels such as 0.0022000 USDT, which is a new resistance level in the short term.
Expected Maximum Upside: In case of strong support from buyers and increased trading volume, the price may reach 0.0022500 USDT in the next 24 hours.
Other Scenario:
Possible Correction: If the price encounters resistance at 0.0021500 USDT and cannot break it, a correction may occur towards the support level at 0.0021000 USDT.
Trading Tip:
If the price is close to the resistance (0.0021500 USDT), you can monitor the price movements:
If it breaks the resistance with high trading volume, there may be an opportunity to enter a short-term buy trade.
If it fails to break through the resistance, there could be an opportunity for a short correction.
My Prediction:
Possible Upside: If the price can break the resistance at 0.0021500 USDT, it may target higher levels such as 0.0022000 USDT, which is a new resistance level in the short term.
Expected Maximum Upside: In case of strong support from buyers and increased trading volume, the price may reach 0.0022500 USDT in the next 24 hours.
Other Scenario:
Possible Correction: If the price encounters resistance at 0.0021500 USDT and cannot break it, a correction may occur towards the support level at 0.0021000 USDT.
Trading Tip:
If the price is close to the resistance (0.0021500 USDT), you can monitor the price movements:
If it breaks the resistance with high trading volume, there may be an opportunity to enter a short-term buy trade.
If it fails to break through the resistance, there could be an opportunity for a short correction.
$BTC
My Prediction:
If the price can hold above 62,900 USDT and the bullish momentum continues, BTC/USDT could see further gains to 63,500 USDT or even higher. However, if the momentum declines, the price could oscillate around 62,500 USDT before taking a new direction
My Prediction:
If the price can hold above 62,900 USDT and the bullish momentum continues, BTC/USDT could see further gains to 63,500 USDT or even higher. However, if the momentum declines, the price could oscillate around 62,500 USDT before taking a new direction
See original
$OG
My Analysis
OG/USDT
1. Fundamental Indicators:
Current Price: 7.991 USDT
Upside Ratio: +4.68%
2. Moving Averages:
MA60: 7.992
MA(5): 1,722.6
MA(10): 2,472.4
Interpretation: The current price is close to the MA60 moving average, indicating continued pressure on the price. However, the short-term averages appear to be out of proportion compared to the price, indicating potential changes in momentum.
3. Momentum Indicators:
Stochastic RSI:
STOCHRSI: 6.125
MASTOCHRSI: 58.35
Interpretation: The value of STOCHRSI indicates that the market is in an oversold zone, which may herald a potential rebound.
Williams %R (Wm %R(14)):
Wm %R: -91.200
Interpretation: The value indicates strong selling pressure, which supports the idea of ââa possible price rebound.
4. On-Balance Volume (OBV):
OBV: 96,017.600
Interpretation: A positive value indicates continued buying pressure, which supports a potential uptrend.
5. Trading Volume:
Volume: 1,317.3
Interpretation: The volume indicates good trading activity, but compared to the previous moving averages (MA(5) and MA(10)), there seems to be a pullback.
6. Price Analysis:
Support Levels:
1st Support: 7.90
2nd Support: 7.85
Resistance Levels:
1st Resistance: 8.00
2nd Resistance: 8.10
Expectations:
General Trend: Despite the negative signals from the momentum indicators, the current value is still close to the support level, which may lead to a rebound.
If the price succeeds in breaking above 8.00, it may continue towards 8.10.
If the price drops below 7.90, it could head towards 7.85.
Conclusion:
The market is showing mixed signals, with a possibility of a rebound but also indicating oversold conditions.
It is recommended to monitor support and resistance levels and use stop loss when entering any trades.
My Analysis
OG/USDT
1. Fundamental Indicators:
Current Price: 7.991 USDT
Upside Ratio: +4.68%
2. Moving Averages:
MA60: 7.992
MA(5): 1,722.6
MA(10): 2,472.4
Interpretation: The current price is close to the MA60 moving average, indicating continued pressure on the price. However, the short-term averages appear to be out of proportion compared to the price, indicating potential changes in momentum.
3. Momentum Indicators:
Stochastic RSI:
STOCHRSI: 6.125
MASTOCHRSI: 58.35
Interpretation: The value of STOCHRSI indicates that the market is in an oversold zone, which may herald a potential rebound.
Williams %R (Wm %R(14)):
Wm %R: -91.200
Interpretation: The value indicates strong selling pressure, which supports the idea of ââa possible price rebound.
4. On-Balance Volume (OBV):
OBV: 96,017.600
Interpretation: A positive value indicates continued buying pressure, which supports a potential uptrend.
5. Trading Volume:
Volume: 1,317.3
Interpretation: The volume indicates good trading activity, but compared to the previous moving averages (MA(5) and MA(10)), there seems to be a pullback.
6. Price Analysis:
Support Levels:
1st Support: 7.90
2nd Support: 7.85
Resistance Levels:
1st Resistance: 8.00
2nd Resistance: 8.10
Expectations:
General Trend: Despite the negative signals from the momentum indicators, the current value is still close to the support level, which may lead to a rebound.
If the price succeeds in breaking above 8.00, it may continue towards 8.10.
If the price drops below 7.90, it could head towards 7.85.
Conclusion:
The market is showing mixed signals, with a possibility of a rebound but also indicating oversold conditions.
It is recommended to monitor support and resistance levels and use stop loss when entering any trades.
$BNB
Technical Analysis of BNB/USDT
1. Fundamental Indicators:
Current Price: 573.6 USDT
24-hour Rise: +2.69%
24-hour High: 577.5 USDT
24-hour Low: 558.0 USDT
24-hour Volume (BNB): 190,595.46 BNB
24-hour Volume (USDT): 108.01M USDT
2. Moving Averages:
MA60: 574.8
Interpretation: The current price is close to the MA60 moving average, indicating that the trend may be slightly neutral.
3. Momentum Indicators:
Stochastic RSI:
STOCHRSI: 44.7
MASTOCHRSI: 64.6
Interpretation: STOCHRSI indicates that the market is not in the overbought zone, which means there is room for further movement. While MASTOCHRSI indicates strength in momentum.
Williams %R (Wm %R(14)):
Wm %R: -87.5
Interpretation: A negative value indicates that the market is in the oversold zone, which could mean a bounce is likely soon.
4. On-Balance Volume (OBV):
OBV: 7,381.1
Interpretation: A positive OBV value indicates that there is more buying than selling flow, which supports the uptrend.
5. Price Analysis:
Support Levels:
1st Support: 570.0
2nd Support: 558.0
Resistance Levels:
1st Resistance: 577.5
2nd Resistance: 580.0
Forecast:
General Trend: Upward, but could face resistance at 577.5.
**If the price succeeds in breaking above 577.5, it could head towards 580.0.
**If the price falls below 570.0, it could head towards 558.0.
Conclusion:
The market is showing mixed signals with a possibility of breaking above the resistance, but there are also signs of oversold that could lead to a correction.
Technical Analysis of BNB/USDT
1. Fundamental Indicators:
Current Price: 573.6 USDT
24-hour Rise: +2.69%
24-hour High: 577.5 USDT
24-hour Low: 558.0 USDT
24-hour Volume (BNB): 190,595.46 BNB
24-hour Volume (USDT): 108.01M USDT
2. Moving Averages:
MA60: 574.8
Interpretation: The current price is close to the MA60 moving average, indicating that the trend may be slightly neutral.
3. Momentum Indicators:
Stochastic RSI:
STOCHRSI: 44.7
MASTOCHRSI: 64.6
Interpretation: STOCHRSI indicates that the market is not in the overbought zone, which means there is room for further movement. While MASTOCHRSI indicates strength in momentum.
Williams %R (Wm %R(14)):
Wm %R: -87.5
Interpretation: A negative value indicates that the market is in the oversold zone, which could mean a bounce is likely soon.
4. On-Balance Volume (OBV):
OBV: 7,381.1
Interpretation: A positive OBV value indicates that there is more buying than selling flow, which supports the uptrend.
5. Price Analysis:
Support Levels:
1st Support: 570.0
2nd Support: 558.0
Resistance Levels:
1st Resistance: 577.5
2nd Resistance: 580.0
Forecast:
General Trend: Upward, but could face resistance at 577.5.
**If the price succeeds in breaking above 577.5, it could head towards 580.0.
**If the price falls below 570.0, it could head towards 558.0.
Conclusion:
The market is showing mixed signals with a possibility of breaking above the resistance, but there are also signs of oversold that could lead to a correction.
$BTC
My Prediction:
Positive Scenario: If the current momentum continues, Bitcoin could reach $65,000 - $68,000 in the coming days or weeks.
Corrective Scenario: If a correction occurs, the price could drop to the support levels between $60,000 - $62,000 before resuming the upward trend again
My Prediction:
Positive Scenario: If the current momentum continues, Bitcoin could reach $65,000 - $68,000 in the coming days or weeks.
Corrective Scenario: If a correction occurs, the price could drop to the support levels between $60,000 - $62,000 before resuming the upward trend again
$ENA
My Notes:
Current Trend: Uptrend with some signs of overbought conditions.
Expected Scenario:
If momentum continues: Price could target new levels above 0.3400.
If correction occurs: Price could drop to support levels around 0.3250 (MA60).
My Notes:
Current Trend: Uptrend with some signs of overbought conditions.
Expected Scenario:
If momentum continues: Price could target new levels above 0.3400.
If correction occurs: Price could drop to support levels around 0.3250 (MA60).
$BTC
My Note
Current Trend: Strong uptrend, but market is in overbought zone.
Expected Scenario:
In case of continuation of the uptrend: Price could rise further beyond 62,500 USDT levels.
In case of correction: Price could return to 62,077.58 (MA60) or 61,800 levels as initial support
My Note
Current Trend: Strong uptrend, but market is in overbought zone.
Expected Scenario:
In case of continuation of the uptrend: Price could rise further beyond 62,500 USDT levels.
In case of correction: Price could return to 62,077.58 (MA60) or 61,800 levels as initial support
$NEIRO
Conclusion:
Current trend: The market is in an uptrend with good support. But caution is required as StochRSI indicators are close to overbought areas.
Expected scenario:
If the momentum continues: The price can target 0.00184941 (the upper level of the Bollinger Bands indicator).
In case of a correction: The price can drop to 0.00172018 (the SAR level).
Conclusion:
Current trend: The market is in an uptrend with good support. But caution is required as StochRSI indicators are close to overbought areas.
Expected scenario:
If the momentum continues: The price can target 0.00184941 (the upper level of the Bollinger Bands indicator).
In case of a correction: The price can drop to 0.00172018 (the SAR level).
$SCR
My analysis
In case of a continued rise, the price can reach 1.20 - 1.35 and maybe 1.50 if the momentum increases significantly.
In case of a correction, it can fall to 1.16 or even 1.10.
My analysis
In case of a continued rise, the price can reach 1.20 - 1.35 and maybe 1.50 if the momentum increases significantly.
In case of a correction, it can fall to 1.16 or even 1.10.
See original
$BTC
Where can the price reach after the correction?
If the correction is successful and the uptrend continues, the price can target:
1. 61,300 - 61,350: According to the Bollinger Bands indicator, this represents the upper limit of the current range.
2. 61,500: It can be a next target if the price manages to break 61,350 and the upward momentum continues supported by higher trading volume.
3. 62,000: If the price exceeds 61,500 with strong momentum, it can target this level, which is an important psychological level and close to historical resistance.
Conclusion:
The price is bullish but a slight correction may occur soon.
After the correction, the price is expected to target 61,300 - 61,350 first, then 61,500 or higher if the momentum continues
Where can the price reach after the correction?
If the correction is successful and the uptrend continues, the price can target:
1. 61,300 - 61,350: According to the Bollinger Bands indicator, this represents the upper limit of the current range.
2. 61,500: It can be a next target if the price manages to break 61,350 and the upward momentum continues supported by higher trading volume.
3. 62,000: If the price exceeds 61,500 with strong momentum, it can target this level, which is an important psychological level and close to historical resistance.
Conclusion:
The price is bullish but a slight correction may occur soon.
After the correction, the price is expected to target 61,300 - 61,350 first, then 61,500 or higher if the momentum continues
See original
$BTC
Suggested Strategy:
Entry Point (Downside): If the price declines, the 60,000 - 60,100 USDT area may be a good buy, especially if the price continues to hold above the MA60.
Take Profit: If a recovery occurs, the 61,500 - 62,000 USDT area can be targeted as a take profit area.
Stop Loss: If the price declines below 60,000 USDT, it may be wise to place a stop loss at the 59,500 USDT level to protect capital.
Suggested Strategy:
Entry Point (Downside): If the price declines, the 60,000 - 60,100 USDT area may be a good buy, especially if the price continues to hold above the MA60.
Take Profit: If a recovery occurs, the 61,500 - 62,000 USDT area can be targeted as a take profit area.
Stop Loss: If the price declines below 60,000 USDT, it may be wise to place a stop loss at the 59,500 USDT level to protect capital.
See original
$NEIRO
1st Entry Target: 0.00164000 - 0.00165000 USDT
2nd Entry Target: 0.00162000 - 0.00163000 USDT
Take Profit: 0.00170000 - 0.00172000 USDT
Stop Loss: 0.00160000 USDT
1st Entry Target: 0.00164000 - 0.00165000 USDT
2nd Entry Target: 0.00162000 - 0.00163000 USDT
Take Profit: 0.00170000 - 0.00172000 USDT
Stop Loss: 0.00160000 USDT
My Analysis
$BTC
BTC/USDT
1. Market Data Summary
Current Price: 59,047.64 USDT
24-hour High: 61,467.69 USDT
24-hour Low: 58,946.00 USDT
24-hour Change: -3.88%
Trading Volume (24-hour): 24,127.27 BTC (1.46B USDT)
2. General Trend Analysis
The current price (59,047.64 USDT) shows a slight decline, and is between the low and high of the last 24 hours.
The general trend appears bearish in the short term, as the price has decreased by 3.88%, which may indicate selling pressure.
3. Technical Analysis Indicators
A. Moving Averages
MA (60): 59,594.15
Since the current price is below the moving average, this reinforces the idea that the downtrend is ongoing.
B. StochRSI Indicator
StochRSI: 95.01
Shows overbought, which means there is a possibility of a downward correction soon.
MA StochRSI: 84.86
Indicates that the buying momentum is strong, but with a high possibility of a reversal.
C. Williams %R Indicator
Wm %R (14): -59.60
Shows that the asset is not in a strong overbought zone, but there is a chance of selling pressure if the price moves down.
4. Support and Resistance Levels
Nearby Resistance Level: 59,594.15 (MA 60)
Support Level:
58,946.00 (24-hour low)
58,500.00 (Key Psychological Support)
5. Trading Volume
The daily trading volume reflects the market activity. 24,127.27 BTC is a large trading volume, which means that there is a lot of interest in the market at the moment.
A falling price with high trading volume may indicate that traders are selling, which may increase the selling pressure.
6. Macro Analysis
General Trend: There is a strong possibility of a downward correction due to the presence of overbought indicators.
If the price breaks the support level at 58,946.00 USDT, it may head towards 58,500.00 USDT or lower, indicating a weakness in the uptrend.
A break of the resistance level at 59,594.15 USDT will be a strong signal for buyers, which may lead the price to rise towards 60,000 USDT or higher.
7. Possible Scenarios
Positive Scenario:
If the price can break 59,594.15 USDT, it may head towards 60,000 - 60,500 USDT.
Negative Scenario:
If the price falls below 58,946.00 USDT, it may indicate more selling pressure and the price may head towards 58,500.00 USDT.
Recommendations
Watch for Resistance Breakouts: If the 59,594.15 USDT level is broken, it may be a good opportunity to buy.
BTC/USDT
1. Market Data Summary
Current Price: 59,047.64 USDT
24-hour High: 61,467.69 USDT
24-hour Low: 58,946.00 USDT
24-hour Change: -3.88%
Trading Volume (24-hour): 24,127.27 BTC (1.46B USDT)
2. General Trend Analysis
The current price (59,047.64 USDT) shows a slight decline, and is between the low and high of the last 24 hours.
The general trend appears bearish in the short term, as the price has decreased by 3.88%, which may indicate selling pressure.
3. Technical Analysis Indicators
A. Moving Averages
MA (60): 59,594.15
Since the current price is below the moving average, this reinforces the idea that the downtrend is ongoing.
B. StochRSI Indicator
StochRSI: 95.01
Shows overbought, which means there is a possibility of a downward correction soon.
MA StochRSI: 84.86
Indicates that the buying momentum is strong, but with a high possibility of a reversal.
C. Williams %R Indicator
Wm %R (14): -59.60
Shows that the asset is not in a strong overbought zone, but there is a chance of selling pressure if the price moves down.
4. Support and Resistance Levels
Nearby Resistance Level: 59,594.15 (MA 60)
Support Level:
58,946.00 (24-hour low)
58,500.00 (Key Psychological Support)
5. Trading Volume
The daily trading volume reflects the market activity. 24,127.27 BTC is a large trading volume, which means that there is a lot of interest in the market at the moment.
A falling price with high trading volume may indicate that traders are selling, which may increase the selling pressure.
6. Macro Analysis
General Trend: There is a strong possibility of a downward correction due to the presence of overbought indicators.
If the price breaks the support level at 58,946.00 USDT, it may head towards 58,500.00 USDT or lower, indicating a weakness in the uptrend.
A break of the resistance level at 59,594.15 USDT will be a strong signal for buyers, which may lead the price to rise towards 60,000 USDT or higher.
7. Possible Scenarios
Positive Scenario:
If the price can break 59,594.15 USDT, it may head towards 60,000 - 60,500 USDT.
Negative Scenario:
If the price falls below 58,946.00 USDT, it may indicate more selling pressure and the price may head towards 58,500.00 USDT.
Recommendations
Watch for Resistance Breakouts: If the 59,594.15 USDT level is broken, it may be a good opportunity to buy.
My Analysis
$BTC
My Analysis
BTC/USDT
1. StochRSI (at 6.26):
This indicator measures momentum, and shows that the market is in an oversold zone. When the StochRSI is below 20, it means that the asset may be ready for an upward bounce.
At 6.26, this is a very low level, indicating that there may be excessive selling pressure. It may be an opportunity to buy if you start seeing other bullish signals.
2. Wm %R (at -70.34):
This indicator is also used to identify overbought and oversold areas. When it is above -80, the asset is considered oversold, and some traders may expect a reversal.
This means that Bitcoin is close to levels that may attract buyers and push the price higher.
3. MA60 (at 61,009.13):
The current price is very close to the 60-period moving average. This is considered an important support level. If the price stays above MA60, this may indicate price stability or the beginning of a rise.
If the price breaks this moving average downward, it may be a negative signal for further decline.
4. OBV (On-Balance Volume) (-648.37):
This indicator measures the flow of liquidity (buying and selling volume). A negative value may indicate that the volume accompanying the decline is greater than the volume accompanying the rise.
If you notice an increase in OBV as the price rises, it may be a positive signal that buyers are starting to take control.
5. Support and Resistance:
Current Support Level: $60,301 (close to the last 24-hour low).
Resistance Level: $62,412 (high in the last 24-hour high).
If the support level at $60,301 is broken, the downtrend may continue, so it is advisable to place a stop loss near this level if you intend to buy.
If the price breaks the resistance level of $62,412, this may indicate the beginning of a new uptrend.
Suggested trading strategy:
Enter a long trade if the price settles above the moving average (MA60) or if the StochRSI indicator starts to rise.
Place a stop loss below the major support level of $60,301 to avoid big risks.
Profit targets can be at the next resistance levels such as $62,000 - $62,500 if the price rebounds.
Monitoring:
Wait for confirmations from indicators such as a rising StochRSI or an improving OBV before entering a trade.
Always check the volume, as high volume with rising price indicates strong market support.
My Analysis
BTC/USDT
1. StochRSI (at 6.26):
This indicator measures momentum, and shows that the market is in an oversold zone. When the StochRSI is below 20, it means that the asset may be ready for an upward bounce.
At 6.26, this is a very low level, indicating that there may be excessive selling pressure. It may be an opportunity to buy if you start seeing other bullish signals.
2. Wm %R (at -70.34):
This indicator is also used to identify overbought and oversold areas. When it is above -80, the asset is considered oversold, and some traders may expect a reversal.
This means that Bitcoin is close to levels that may attract buyers and push the price higher.
3. MA60 (at 61,009.13):
The current price is very close to the 60-period moving average. This is considered an important support level. If the price stays above MA60, this may indicate price stability or the beginning of a rise.
If the price breaks this moving average downward, it may be a negative signal for further decline.
4. OBV (On-Balance Volume) (-648.37):
This indicator measures the flow of liquidity (buying and selling volume). A negative value may indicate that the volume accompanying the decline is greater than the volume accompanying the rise.
If you notice an increase in OBV as the price rises, it may be a positive signal that buyers are starting to take control.
5. Support and Resistance:
Current Support Level: $60,301 (close to the last 24-hour low).
Resistance Level: $62,412 (high in the last 24-hour high).
If the support level at $60,301 is broken, the downtrend may continue, so it is advisable to place a stop loss near this level if you intend to buy.
If the price breaks the resistance level of $62,412, this may indicate the beginning of a new uptrend.
Suggested trading strategy:
Enter a long trade if the price settles above the moving average (MA60) or if the StochRSI indicator starts to rise.
Place a stop loss below the major support level of $60,301 to avoid big risks.
Profit targets can be at the next resistance levels such as $62,000 - $62,500 if the price rebounds.
Monitoring:
Wait for confirmations from indicators such as a rising StochRSI or an improving OBV before entering a trade.
Always check the volume, as high volume with rising price indicates strong market support.
See original
$1MBABYDOGE
Entry Point
$0.0025900
Take Profit Target
$0.0027500 - $0.0028000
Stop Loss $0.0025400
Entry Point
$0.0025900
Take Profit Target
$0.0027500 - $0.0028000
Stop Loss $0.0025400
$ETH
The Chinese government has allegedly begun liquidating a significant portion of Ethereum (ETH) seized from the infamous PlusToken pyramid scheme, contributing to the recent declines in the cryptocurrency market.
In early August, on-chain movement of ETH linked to the case resurfaced for the first time since 2021, with around 7,000 ETH of the remaining 542,000 ETH (worth $1.3 billion) sent to exchanges in the past 24 hours, signaling the start of the asset sell-off.
For context, PlusToken was a multi-billion dollar cryptocurrency pyramid scheme that began in early 2018 and operated until June 2019, when Chinese authorities arrested its masterminds. The scam generated a large inflow of money from investors, and at its peak, PlusTokenâs Bitcoin (BTC) holdings were increasing by over 10,000 BTC weekly and were worth around $85 million at the time.
By the time the system was shut down, it had accumulated around 194,000 BTC (worth $2 billion at the time) and 830,000 ETH (worth $215 million at the time). In 2020, a court document revealed that the seized assets were handed over to Beijing Zhifan Technology Co for liquidation, with the proceeds intended to be used to repay the victims.
The majority of the confiscated Bitcoin was sold between August 2019 and March 2020, with an estimated $1.3 billion worth of BTC sold during that period. Considering that Bitcoinâs market cap at the time was around $160 billion, this selling pressure is equivalent to around $10 billion today.
Unlike Bitcoin, the vast majority of the seized Ethereum remained untouched until mid-2021. About a third of the 840,000 ETH was transferred to a little-known exchange called Bidesk, where it was presumed to have been sold. Now, with the Chinese government allegedly restarting the sale of the remaining ETH, the market may be bracing for more selling pressure that could impact prices in the short term
The Chinese government has allegedly begun liquidating a significant portion of Ethereum (ETH) seized from the infamous PlusToken pyramid scheme, contributing to the recent declines in the cryptocurrency market.
In early August, on-chain movement of ETH linked to the case resurfaced for the first time since 2021, with around 7,000 ETH of the remaining 542,000 ETH (worth $1.3 billion) sent to exchanges in the past 24 hours, signaling the start of the asset sell-off.
For context, PlusToken was a multi-billion dollar cryptocurrency pyramid scheme that began in early 2018 and operated until June 2019, when Chinese authorities arrested its masterminds. The scam generated a large inflow of money from investors, and at its peak, PlusTokenâs Bitcoin (BTC) holdings were increasing by over 10,000 BTC weekly and were worth around $85 million at the time.
By the time the system was shut down, it had accumulated around 194,000 BTC (worth $2 billion at the time) and 830,000 ETH (worth $215 million at the time). In 2020, a court document revealed that the seized assets were handed over to Beijing Zhifan Technology Co for liquidation, with the proceeds intended to be used to repay the victims.
The majority of the confiscated Bitcoin was sold between August 2019 and March 2020, with an estimated $1.3 billion worth of BTC sold during that period. Considering that Bitcoinâs market cap at the time was around $160 billion, this selling pressure is equivalent to around $10 billion today.
Unlike Bitcoin, the vast majority of the seized Ethereum remained untouched until mid-2021. About a third of the 840,000 ETH was transferred to a little-known exchange called Bidesk, where it was presumed to have been sold. Now, with the Chinese government allegedly restarting the sale of the remaining ETH, the market may be bracing for more selling pressure that could impact prices in the short term
See original
"To my Yemeni brothers and brothers in the Gulf countries, if you would like to get customized deals or analyses, you can put your requests in the comments and I will be happy to help you."
$BTC
I advise you to watch the support at $60,718. If the price stabilizes above $60,718
this level, a slight rebound may occur.
However, if this support is broken, the decline may continue.
Note
(I provide you with an analysis of the Bitcoin price, and I do not own any of it).
I advise you to watch the support at $60,718. If the price stabilizes above $60,718
this level, a slight rebound may occur.
However, if this support is broken, the decline may continue.
Note
(I provide you with an analysis of the Bitcoin price, and I do not own any of it).
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