NEW: 🟠 Bitcoin open interest hits new high at 520K $BTC , exceeding March's all-time high 👀

h/t Bitcoin News$BTC $SOL $BNB

🔮 some predictions from industry experts

▪️Robert Kiyosaki: $350,000 by August 2024.

▪️Mike Novogratz: $100,000 by the end of 2024.

▪️PlanB predicts a top at $500,000 for our bull cycle.

▪️Willy Woo and the Stock-to-Flow (S2F) model suggest $350,000 is more likely by March 2025.

👉 The S2F model predicts BTC will reach between $80,000 and $85,000 by August 2024, with short-term price movement between $70,000 and $72,300 (range supported by Coinglass liquidity data).
$BTC $ETH $BNB

"Politicians have the incentive of just giving away the Treasury and entering huge amounts of debt, and that doesn't just destroy the structure of the government it destroys society."

- Nayib Bukele, President of El Salvador$BTC

Report on the ECB press conference 📢

The European Central Bank 🇪🇺 has decided to cut interest rates by 0.25 points. This measure could potentially weaken the euro and strengthen the dollar.

Next week, it will be the turn of the US Federal Reserve (FED) 🇺🇸 to announce its interest rates.

The Fed's decision is eagerly awaited and could have a major impact on the financial markets, depending on the extent of the rate cut.

Two scenarios are possible:

1. If the Fed cuts rates in a similar way to the ECB, this could limit the impact on the euro and contain the rise in the dollar. Stock markets could benefit, which could be good for bitcoin.

2. If the Fed cuts rates more aggressively than the ECB, the euro could depreciate further and the dollar could strengthen. This could put pressure on stock markets and have a negative impact on bitcoin.

The Fed's press conference will take place on Wednesday 12 June 2024 at 8pm ⛔️.

#BTC DOMINANCE ANALYSIS

BTC.D has broken down from the rising wedge on the weekly timeframe. Currently, it is retesting the wedge. A successful retest would serve as a sharp downward movement.

A downward trend in BTC.D, A bull run in altcoins would occur if BTC moved sideways or in a bullish manner.$BTC $ETH $BNB

$BTC $BTC #BTC/USDT ANALYSIS

Bitcoin has broken out of its symmetrical triangle pattern with significant volume and has successfully retested the breakout level. This setup indicates a potential bullish ride ahead. The Ichimoku cloud also suggests strong bullish momentum, pointing towards a new peak for Bitcoin soon.

However, if the price falls back inside the symmetrical triangle, it could signal a little correction.

✈️🐋 Whale trades on $TON have risen by 237.5% in one day.

This is undoubtedly a sign of a fine upward movement to come!
$BTC $ETH $BNB

$BTC 🇺🇸 President Trump makes history as the first U.S. President to accept Bitcoin Lightning Network donations for his 2024
campaign ⚡️

$🪙$NOT has reached a new ATH and is now trading at around ~$0.02! 🔥

The daily trading volumes on Binance are twice as high as those of BTC 🪙

This is the new reality.

NOT just a meme anymore, is it?
$NOT

Hello everyone!

We're going bullish on BTC/USDT!

-Here is my opinion on the BTC/USDT :

-We have liquidity.
-We have an interesting zone.
-We have the optimal fibo.
-We have accumulation before/on the zone.
-We are in line with the trend.

That's why I'd like to see BTC/USDT bounce off the zone and move higher!$BTC

😅 After Donald Trump's condemnation, the same "FreeTrump" corner soars more than 300%.$BTC $ETH $BNB

NOTCOIN ON FIRE🔥🔥🔥

Notcoin (NOT), the play-to-win token integrated into the Open Network (TON) ecosystem, made major waves on the market, becoming the top performer on Thursday.

Up more than 30% in the last 24 hours, Notcoin has secured 82nd place among the 100 largest crypto-currencies, with a market capitalisation of $1.25 billion.

🚀 A new chapter for Bitcoin in Asia! Hong Kong launches its first spot Bitcoin ETFs, marking a major milestone after approvals from the Securities and Futures Commission. 🇭🇰

⛽️🔹 The median gas price on Ethereum has reached a three-year low of 6.43 gwei in recent days.

Santiment suggested that low gas fees could indicate a future increase in Ethereum network activity and herald the start of an altcoin rally.
$ETH $ETH

$ETH $ETH The SEC has considered Ethereum a security for a year now!

🚨 Recent court documents reveal that the SEC, led by Chairman Gary Gensler, has considered Ethereum to be an unregistered security since at least last year.

⚡️This insight emerged from an unredacted lawsuit filed by Consensys against the SEC, which is now challenging the agency's attempt to classify Ethereum under federal securities law.

👀 In March 2023, the SEC's Enforcement Division began a formal investigation into Ethereum's status, leading to subpoenas for entities involved with Ethereum transactions.

➡️ This move marks a potential shift from previous SEC stances, contradicting a 2018 assertion that Ethereum was not a security.

👆 Stay tuned as this legal battle could significantly impact the cryptocurrency industry and Ethereum's regulatory status.

💬 "Freedom of transaction is as important as freedom of speech, and bitcoin is the only way to get it".

🇺🇸 So says US presidential candidate 2024 Kennedy Jr

vos a Can Bitcoin regain $40,000 in the coming weeks - Analysis of BTC on October 25, 2023?

As it holds above important weekly support, Bitcoin has triggered a new upside target. The point in this BTC analysis from Wednesday October 25, 2023.
The article Can Bitcoin regain $40,000 in the coming weeks
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