$BTC is getting close on the verge of massive breakout towards NEW ALL-TIME HIGH on a weekly timeframe
However, to make that happen, $BTC has to clear 66.400 & 67.500 resistance
⏰
$BTC got rejected from 66.400 resistance again today.
Last time, a rejection from 66.400 resistance ended up the price to drop all the way to 58K
I m still bullish on $BTC. However, 66K & 67K ranges are crucial resistance to keep an eye on
To continue the rally, 64.800 has to hold
Arbitrum (ARB) has shown a modest gain of 4.45% against the US Dollar in the last 24 hours, outperforming the broader cryptocurrency market, which saw a 3.06% increase. Despite this short-term uptick, the long-term outlook remains bleak. ARB is trading 23.59% below its predicted price for October 2024 and has dropped by 31.75% over the past year.
The current sentiment is neutral, with the Fear & Greed Index at 65, indicating greed. However, this optimism may be misplaced given the coin's historical performance and significant volatility. Key support levels are at $0.532849, $0.501792, and $0.484607, while resistance levels are at $0.581092, $0.598277, and $0.629334.
Investors should exercise caution, as the market remains unpredictable and volatile.
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Turbo, Meme, BOME, and SC Price Predictions
Turbo (TURBO): Currently trading with a low market cap, Turbo could see significant price movement if it gains more exposure in the meme coin market. If the token continues to build momentum, it may target a price of $0.00001 in the next few months. However, given its volatility, a retracement to $0.000005 is possible if market sentiment turns bearish.
Meme (MEME): Meme coins have been highly volatile, but Meme has potential to rise due to the growing popularity of meme-based tokens. If trading volumes increase, MEME could test the $0.005 mark in 2024. On the downside, resistance around $0.003 could keep it range-bound for a while.
BOME (BOME): A relatively new player in the market, BOME's low supply makes it susceptible to sharp price movements. A positive market push could see it reach $0.02 in 2024, but it could fall back to $0.01 if investors lose confidence in small-cap coins.
Siacoin (SC): SC is positioned as a utility token for decentralized cloud storage. It has maintained a stable range around $0.003. With further development in the decentralized storage space, SC could break above $0.005 in 2024. However, if adoption stalls, SC may drop to $0.002.
Each of these tokens has a unique risk profile, and price action will heavily depend on broader market sentiment.
#BNBAnalysis #shiba⚡ #BOMEUpdate #TURBO/USDT #memecycle
📈 Worldcoin (WLD) Price Could Surge 37% If This Happens
The Worldcoin (WLD) price has surged 25.08% over the last week, but most holders are still facing losses. About 65% of investors bought at prices higher than the recent increase, leaving only a quarter of holders profitable. The Historical Break Even Price chart shows that many holders are still underwater, which could make them reluctant to sell, anticipating further gains.
This scenario could limit selling pressure, potentially creating a more favorable price outlook for WLD. However, technical indicators like the BBTrend suggest that bullish momentum may be weakening, indicating the possibility of a trend reversal.
🔸 The Majority of WLD Holders Are Still Facing Losses
Despite WLD’s 25.08% price increase over the last seven days, around 65% of holders are still facing losses. This suggests that the majority of WLD investors acquired their tokens at prices higher than the recent surge.
The Historical Break Even Price chart provides valuable insight into this, displaying where most holders purchased and indicating whether they are in profit, at break-even, or in loss. At present, only 25% of holders are profitable, while about 10% are breaking even, leaving a significant portion still in the red.
#WLD #Wildcoin
{spot}(WLDUSDT)
🚀 Impressive return to the middle of the range!
Yesterday, we hit exactly $66,500, a new high compared to the previous $66,498! 📈 Although it’s not a true high with a close, it shows that momentum is strong.
The Bulls seem ready to launch new offensives against major resistance today. ⚔️ Stay tuned, I’ll share all the data right after! 🔍
Remember, a small correction isn’t alarming, it’s actually healthy for the market. Stay calm and enjoy the day! ✨
#BTCBreaks66K
#BTCUptober
$BTC
Update - Tuesday!
BTC reached the 66k area yesterday, where I was planning a scalp short, but it wasn’t showing any weakness, so we avoided it.
Currently, we have a support area at 64,000, and BTC is at resistance. If we break out from here, we’ll add longs on the retest. I’m not considering any shorts for now.
“Don’t get bullish at resistance.”
Trade level by level.
If I post any scalp trades, stay active for the next update! Sometimes, it’s better to cut off early on entry rather than hitting the stop loss.
{spot}(BTCUSDT)
🚀 BTC at Critical Turning Point: Bullish Breakout or Bearish Rebound?
Bitcoin (BTC) has reached a key resistance level at the upper boundary of a long-term downward channel on the CME chart. This is a pivotal moment for the market, and both bulls and bears are eyeing the next move closely. Here's what to watch out for:
🟢 Bullish Scenario:
If BTC breaks above the critical 67K resistance level, we could see a strong push towards the -27% Fibonacci zone, with the next target at 70-71K. A successful breakout here could signal the end of the downward trend and a potential rally.
🟠 Bearish Scenario:
If BTC fails to break through, a rebound is likely. In this case, the price could pull back to at least 62K. A more significant drop might push BTC back to the lower border of the descending channel, raising concerns about a deeper correction.
⚠️ Key Takeaway:
With BTC at this crucial crossroads, it’s essential to wait for confirmation before making any major trading decisions. The market could go either way, but if BTC breaks through the upper channel, the potential for a sustained bullish run is strong. Stay alert for price action signals!
Are you ready for BTC's next move? 🚨
Important:
If you’ve lost $5K or more, urgent contact with the Crypto Universe Official Team is recommended. We are here to help you recover and get back on track!
Thank you for being part of the Crypto Universe Official Team. We continue to deliver daily signals and updates to support your trading journey. This announcement is for those who want personalized guidance and recover from losses.
$BTC
{spot}(BTCUSDT)
#cryptouniverseofficial #BTCUptober #GrayscaleConsiders35Cryptos #GrayscaleConsiders35Cryptos #MemeCoinTrending
$ETH /USDT - 15-Min Chart Analysis
1. Support & Resistance:
• Key resistance zone: 2,640 - 2,654
• Support zone: 2,600 - 2,615
2. Trade Setup:
• Long Entry: If price breaks and holds above 2,620, target 2,640.
• Short Entry: Enter below 2,600 with a target towards 2,580.
3. Momentum Check:
• Bearish pressure below 2,600.
• A bullish push may occur on crossing 2,620 with strong volume.
Keep an eye on volume to confirm breakouts.
{spot}(ETHUSDT)
#GrayscaleConsiders35Cryptos #MemeCoinTrending #MemeCoinTrending #BTCUptober #10MTradersLeague