In last $BTC update we analyzed charts and reached some key price points from where we can decide next expected move of BTC. While in today analysis we will focus mainly on fundamental analysis as MT.Gox and Black Rock related news come out. And then we will take an overview a about technical analysis . So, let's start with fundamental :-
đđȘđŁđđđąđđŁđ©đđĄ đŒđŁđđĄđźđšđđš:-
đž According to fundamental analysis a new fud is created. One of #Mt.GOX wAllet move some BTC like 250 BTC or some different indicating another distribution will start. On the other hand FTX repayment will start from upcoming next week.
" đš In under 2 weeks, FTX will start redistributing $16B to creditors. Thatâs enough to buy 250,000 $BTC at current prices "
đž On the other hand #BlackRockâ© bought another 500 BTC in last 24 hours after a long time. That is bullish point for market. MT Gox and FTX repayment are looking like a FUD . Maybe there is a chance they manipulate market in first week of OCTOBER and then upward move. Must read my Personal opinion before taking any action that is given in last.
đđđđđŁđđđđĄ đŒđŁđđĄđźđšđđš:-
đž According to technical analysis #BTCâ is in range of $65K and $63K. Also forming a rising wedge that is bearish sign . But it will be before time to say it will pump or dump from here. So, Wait patiencely until it come out from range of $62K or $65,200 by 1D closing down or above respectively .
đđđ§đšđ€đŁđđĄ đđ„đđŁđđ€đŁ:-
đž Personally I will take 30 - 40% portfolio out from market tomorrow or next day. If market dip in first week of October we will enter with these USDT or if market bounce we will enter again . It is part of my money management .
Note: Do Your Own Research before taking any financial decision . If you find this post helpful then don't forget to like post and comment what your are planning . Follow @MU_Traders for more updates .
#MU_Traders $HIFI
Big News: Blum Coin Gears Up for Launch
Blum Coin is set to launch on October 1, 2024, with an initial price of $2.00 per token. Analysts predict it could reach $5.00 within a few months.
There's buzz that Blum might be listed on Binance around the launch date, adding to its momentum. Blum operates as a decentralized exchange, allowing users to trade tokens from centralized and decentralized platforms, with seamless derivatives trading. Already boasting over 20 million users, Blum is quickly gaining traction in the crypto world.
Prepare for the launch and DYOR!
#BinanceLaunchpoolHMSTR #Blum #BlumCrypto
đ„ FTX Token (FTT): Ready to Break Out? đ„$FTT
{spot}(FTTUSDT)
FTT has been on a rollercoaster, but things are heating up again! đ„ The daily chart is showing a falling wedge pattern đ, one of the most bullish signals in technical analysis. And guess what? FTT is pumping from its absolute bottom! đ
đ Key Levels to Watch:
The descending resistance is the main hurdle right now đ, but if FTT manages to break through, we could see a retest of the $3.50 level soon! đŻ
The falling wedge pattern typically signals a potential strong upside breakout, so keep an eye on the momentum đ
đ Why This Matters:
Falling wedge patterns are known for bullish reversals đ
FTT is pumping from the absolute bottom, which could indicate renewed buying interest đâĄïžđ
A breakout above resistance might trigger more buyers and take FTT to new short-term highs đ
đ Conclusion: FTT could be on the verge of a major breakout. If it clears the descending resistance, expect a swift move towards the $3.50 mark. Nowâs the time to watch closely! đ
#FTT $FTT
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance
Visa Advances Web3 Strategy with Institutional Grade Platform for Testing Tokenised Assets
Visa has launched a new platform aimed at helping banks test tokenised assets, allowing financial institutions to issue fiat-backed tokens and explore their use cases. Spain-based BBVA is one of the early adopters of this platform, which is part of Visaâs broader initiative to streamline global standards for blockchain-based products.
This move follows Visaâs pilot program with HSBC and Hang Seng Bank in Hong Kongâs Digital Hong Kong Dollar initiative. The tokenisation of real-world assets is gaining traction, with central banks and asset managers like BlackRock leading the way. Visaâs platform aims to offer similar opportunities to banks, enabling them to create regulated, fiat-backed tokens for corporate and customer use.
đ DASH: A Sleeping Giant Ready to Rebound? đ
DASH, one of the OGs of the crypto world, is currently hovering around its all-time low after its explosive ride back in 2021. But is this the calm before the storm? đ
đ Current Price: Holding strong at the $24 support zone, DASH is at a critical turning point. Historical trends suggest a potential rebound might be on the horizon! If the support holds, we could be looking at a rally toward $75 soon! đ
đ Why DASH Could Bounce:
It's one of the oldest and most trusted cryptocurrencies in the market đ
Historically, strong bounces have followed such dips đ
The broader crypto market could trigger a bullish sentiment in DASH đź
đĄ What to Watch:
$24 is the key support to keep an eye on. If it holds, we may see a surge in buying pressure đ„
Resistance at $75 could be the next target if momentum picks up đ
đ Conclusion: DASH might be down, but itâs far from out. With strong fundamentals and a solid history, this could be an opportunity for those looking to ride the next wave đ.
#DASH $DASH
{spot}(DASHUSDT)
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC
VanEck, which manages $100B in assets, has projected that Solana (SOL) could potentially reach 50% of Ethereum's market cap. Based on this, SOL could rise to $330, roughly double its current value. This forecast highlights Solana's growing presence in the market, but as with any investment, it comes with its own risks.
Coming Up: The largest crypto onboarding event ever
This week, TON blockchain has seen record traffic, with new projects bringing unprecedented on-chain activities to Web3.Â
On September 20, @CatizenAI officially launched with 18M monthly active users, followed by Rocky Rabbit (18M MAU) and @WatBird (12M MAU) on September 23. Despite the millions of interactions, TON blockchain has handled it all smoothly.Â
But tomorrow is the biggest challenge yet: @hamster_kombat (with over 300M users since March) will begin airdropping tokens to 131M qualified users, making it the largest token launch ever. This will undoubtedly put technical pressure on the network and possibly create some unforeseen issues. To prepare, the Core Dev team has developed Mintless Jettons technology, allowing for the instant distribution of tokens to millions of users with gas fees under $1.
Unprecedented times lead to unprecedented solutions. What is being attempted on TON has never been attempted before in crypto. Itâs clear that TON Community is truly working toward putting crypto in every pocket. Every new user gets us closer to that goal - the mass adoption of freedom tech.
LFG đâ
$BNB Analysis:
The BNB/USDT trading pair is showing a tightly bound price movement on the current chart, indicative of a consolidating market. As of the latest data, Binance Coin (BNB) is priced at $591.2 against USDT. The chart displays key resistance at $603.2, suggesting a pivot point where sellers previously stepped in to drive the price down. Conversely, the support level is established at $591.0, a psychological and technical level that has previously held as a floor for the price.
For traders looking to capitalize on potential movements:
- A long position could be considered if BNB breaks above the resistance at $603.2. This breakout could indicate buying momentum strong enough to challenge or exceed the recent high of $613.4. Setting a stop loss just below the support at $591.0 would mitigate risk if the breakout doesn't sustain.
- A short position might be advantageous if the price drops below the support at $591.0. Such a movement would suggest that selling pressure is mounting, potentially driving the price down to retest the low. In this scenario, placing a stop loss just above the resistance at $603.2 would protect against an unexpected reversal back towards the upper range.
Overall, the market's immediate trend hinges on its reaction to these defined technical levels. Traders should closely monitor any volume increases or significant candlestick patterns forming near these price points, which might indicate the likely direction of the next significant price move.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #FOMC
The proliferation of institutional Bitcoin custodians creates opportunities for MicroStrategy, according to a Benchmark analyst.
MicroStrategyâs Bitcoin $BTC $63,821 buying spree has been a âkey driver of its stockâs outperformance,â and the company should consider âbeginning to generate yield by lending out a portion of its Bitcoin holdings,â according to a Sept. 24 analyst report shared with Cointelegraph.
The companyâs stock, MSTR, could be worth $215 per share if MicroStrategy continues to leverage its balance sheet to buy more BTC and starts lending out the digital currency for low-risk yield, according to Benchmark fintech analyst Mark Palmer.
Shares of MSTR currently trade at around $153 after a 10-for-1 stock split on Aug. 9. MicroStrategyâs core business is enterprise software. Still, its public market valuation is mainly from holding BTC, which it started accumulating in 2020.
On Sept. 18, executive chairman Michael Saylor said in a podcast that Bitcoin could become a form of âperfected capitalâ that serves as a store of value and generates low-risk yield from digital banking services, such as lending and borrowing.
$BTC
$BTC ŃŃĐŸĐžŃ ĐœĐ° ĐŒĐ”ŃŃĐ”, ĐœĐŸ Ń Đ±ĐžŃж ĐżŃĐŸĐŽĐŸĐ»Đ¶Đ°ŃŃŃŃ ĐČŃĐČĐŸĐŽŃ. ĐŃĐ°ŃĐžĐș ĐČŃглŃĐŽĐžŃ ĐșĐ°Đș ŃĐ°ŃпОл, ĐżĐŸĐœĐžĐŒĐ°ĐčŃĐ” ŃŃĐŸ бŃĐșĐČĐ°Đ»ŃĐœĐŸ. ĐŠĐ”ĐœŃ Đ”ŃĐ” ĐżĐŸĐŽĐŽĐ”ŃжОĐČĐ°ŃŃ ĐČ ĐżŃДЎЎĐČĐ”ŃОО ŃŃĐŒĐœĐŸĐłĐŸ лОŃŃĐžĐœĐłĐ° #HMSTR đč
ĐОзŃĐ°Đ»ŃĐœĐŸ ĐœĐ° ĐłŃĐ°ŃĐžĐșĐ” #btc ĐżŃŃĐŒ ĐżŃĐŸŃĐžŃŃŃ ĐżĐ»ĐŸŃĐœĐ°Ń Đ·Đ”Đ»Đ”ĐœĐ°Ń ĐżĐ°Đ»ĐșĐ°, ĐœĐŸ ĐżĐŸ Đ»ĐŸĐłĐžĐșĐ” ĐœĐ°ĐŽĐŸ ĐŸŃĐŸĐ±ŃĐ°ŃŃ ĐșĐŸŃĐŒ Ń Ń
ĐŸĐŒŃĐșĐŸĐČ.
ĐĐ”ĐœŃ: StochRSI пДŃĐ”ĐșŃĐżĐ»Đ”Đœ, ŃŃДбŃĐ”Ń ŃĐ°Đ·ĐłŃŃĐ·ĐșĐž. MACD ĐŒĐŸĐ¶Đ”Ń ŃĐ°ŃŃĐž, ŃŃĐŸĐžŃ ŃĐŽĐ°ŃĐžŃŃ ŃĐŸĐ»ŃĐșĐŸ ĐżĐŸ ŃŃĐ°ĐșĐ°ĐœŃ. ĐĐŸĐ¶ĐœĐŸ ŃŃ
ĐŸĐŽĐžŃŃ ĐœĐ° ĐŽĐŸĐ·Đ°ĐżŃĐ°ĐČĐșŃ Đž Đ·Đ°ĐșŃŃŃŃ ĐžĐŒĐ±Đ°Đ»Đ°ĐœŃ ĐŽĐŸ 61.2Đș.
ĐДЎДлŃ: ŃĐ”ĐœĐ° ĐœĐ° Đ·ĐŸĐœĐ” ŃĐ”ĐœĐœĐŸŃŃĐž, ĐŽĐ”ĐŒĐŸĐœŃŃŃĐžŃŃŃ Đ°ĐŽĐ”ĐșĐČĐ°ŃĐœĐŸŃŃŃ Đž ĐČĐ°ŃОаŃĐžĐČĐœĐŸŃŃŃ. MACD ĐżĐŸĐŽĐłĐžĐ±Đ°Đ”ŃŃŃ ŃĐ»ĐŸĐČĐœĐŸ ĐœĐ° ŃĐŸŃŃ, ĐœĐŸ ĐŸĐœ ĐŒĐŸĐ¶Đ”Ń Đ±ŃŃŃ ŃĐŸĐ»ŃĐșĐŸ ĐŒĐ°ĐœĐžĐżŃĐ»ŃŃĐžĐČĐœŃĐŒ, ĐșĐ°Đș ŃŃĐŸ бŃĐ»ĐŸ ĐČ ŃĐ”ŃĐ”ĐŽĐžĐœĐ” ĐŸĐșŃŃбŃĐ” 2023Đł. ĐĐ°ĐșŃĐ”ĐżĐ»Đ”ĐœĐžĐ” ĐłŃĐ°ŃĐžĐșĐ° ĐœĐžĐ¶Đ” 62.4Đș ŃĐșĐ°Đ¶Đ”Ń ĐœĐ°ĐŒ ĐœĐ° ĐŽĐ°Đ»ŃĐœĐ”ĐčŃДД ĐżĐ°ĐŽĐ”ĐœĐžĐ”.
ĐĐ”ŃŃŃ: Đ·Đ°ĐșŃĐ”ĐżĐ»Đ”ĐœĐžĐ” ĐČŃŃĐ” 65.8Đș â ĐżŃĐŸĐŽĐŸĐ»Đ¶Đ”ĐœĐžĐ” ŃĐŸŃŃĐ°.
Đ ĐČĐŸĐŸĐ±ŃĐ”, Đ”ŃлО Ń ĐŒĐ°ŃĐșĐ”ŃĐŒĐ”ĐčĐșĐ”Ń â Đ°ĐłŃĐ”ŃŃĐžĐČĐœŃĐč ŃĐŸŃŃ ŃĐ”ĐčŃĐ°Ń, плаĐČĐœĐ°Ń ĐșĐŸŃŃĐ”ĐșŃĐžŃ ĐżĐ”ŃДЎ ĐŽĐ°ĐœĐœŃĐŒĐž ĐŸ бДзŃĐ°Đ±ĐŸŃĐžŃĐ” ĐČ ĐĄĐšĐ 04.10. йаĐș, ĐČŃĐ” Ń
ĐŸĐŒŃĐșĐž ŃĐ”ŃĐ°Ń, ŃŃĐŸ ŃŃĐŸ ŃлаЎĐșĐ°Ń ŃĐ”ĐœĐ° ĐŽĐ»Ń ĐżĐŸĐșŃĐżĐșĐž Đž ŃŃŃĐ”ĐŽĐœĐ”ĐœĐžŃ, ĐżĐŸŃĐŸĐŒŃ ŃŃĐŸ пДŃДЎ ĐČŃĐ±ĐŸŃĐ°ĐŒĐž бŃĐŽĐ”Ń to the moon Đž ĐŸĐ±ĐœĐŸĐČĐ»Đ”ĐœĐžĐ” ĐĐąĐ, ĐœĐŸ пДŃДЎ ĐœĐžĐŒĐž Đž ĐżĐŸŃлД ŃĐ”ĐœĐ° бŃĐŽĐ”Ń ĐœĐžĐ¶Đ” Đž ĐœĐžĐ¶Đ”, ĐČ ĐșĐ°ĐșĐŸĐč-ŃĐŸ ĐŒĐŸĐŒĐ”ĐœŃ Ń
ĐŸĐŒŃĐș ĐżĐŸĐčĐŒĐ”Ń, ŃŃĐŸ ĐŸĐ±ĐŒĐ°ĐœŃŃ Đ±Đ»ĐŸĐłĐłĐ”ŃĐ°ĐŒĐž Đž ĐșĐ°ĐœĐŽĐžĐŽĐ°ŃĐ°ĐŒĐž, ĐŸĐ±ĐžĐŽĐžŃŃŃ, Đ·Đ°ŃĐ”ĐŒ бŃĐŽĐ”Ń Đ¶ĐŽĐ°ŃŃ ĐœĐŸĐČĐŸĐłĐŸĐŽĐœĐ”Đ” ŃаллО, ĐŸĐœĐŸ ĐœĐ” ŃĐ»ŃŃĐžŃŃŃ, Đž Ń
ĐŸĐŒŃĐș ĐżŃĐŸĐŽĐ°ŃŃ Đ°ĐșŃĐžĐČŃ. #DOGS
đ **Crypto News Flash: DOGEN Steals the Spotlight!** đ
- **SOL, WIF, and BONK** are lagging, but **DOGEN** is making waves as the luxury memecoin with a potential 700% growth! đ
- **Solana (SOL)**: Known for its scalability and speed, SOL is crucial for transactions and dapps on the Solana blockchain.
- **DOGEN**: This memecoin is attracting high achievers with its bullish outlook and exclusive community perks.
- **BONK**: A Shiba Inu-themed coin on Solana, showing potential for a breakout past resistance levels.
đŹ What are your thoughts on DOGEN's rise? Comment below!
Crypto Today: Bitcoin, Ethereum and XRP consolidate as SUI continues impressive run
Ethereum bounced off the $2,595 support, and XRP is moving horizontally around $0.589.
SUI has given investors a monthly gain of 65% after seeing key updates within its ecosystem.
Bitcoin traded around $63,600 on Tuesday, as prices appear to be consolidating within the $62,000 and $64,700 key levels. On-chain data shows that the consolidation may be due to profit-taking by holders and mild Bitcoin ETF net inflows of $4.5 million, per Farside Investors data.
Ethereum is trading within key rectangle channels and tested the $2,595 support before bouncing toward the $2,630 level. If the support level continues to hold, ETH could rally to test the resistance at $2,817. Additionally, Ethereum ETFs posted heavy net outflows of $79.3 million on Monday â their highest since July.
XRP is consolidating around the $0.589 level at press time, following a similar weak performance across the crypto market. XRP could see increased bullish momentum if it reclaims the $0.600 psychological level.
Market movers
Bitcoin and the general crypto market remained fairly muted following People's Bank of China (PBoC) Governor Pan Gongsheng's announcement that China will reduce its reserve requirements ratio (RRR) by 50 basis points (bps). RRR is a portion of deposits that a commercial bank must hold in its reserve instead of lending or investing all its assets. A reduction in the RRR is used to stimulate the economy, meaning investors have access to more loans, and banks could make more investments.
While Chinese stocks rallied after the announcement, the price of Bitcoin and altcoins showed no response, unlike the crypto market rally that followed the US Federal Reserve's (Fed) decision to cut interest rates by 50 bps. The reaction underscores Bitcoin and crypto's rising correlation to Fed rates and US stocks.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #Write2Earn! $ARK
{spot}(ARKUSDT)
$SUN
{spot}(SUNUSDT)
$POND
{spot}(PONDUSDT)
When #ALTCOINS rally Will Start ?
The flow to the alts continues
Over the past 24 hours, major Bitcoin holders have sold more than 20,000 coins for a total of $1.28 billion!
Following these sales, a large influx of investment into many altcoins was seen, which basically answered the question of where all these volumes were directed.
The flow of funds from bitcoin to alto is starting to gain momentum. It is because of this factor that we are seeing a good revival of altos.
These events usually occur shortly before a significant dominance correction and the start of altcoin bull run. If this trend continues, Q4 of this year promises to be promising.
#altsesaon #BinanceLaunchpoolHMSTR #BTCReboundsAfterFOMC #NeiroOnBinance
Blum Coin is scheduled to launch on October 1, 2024, with an initial price of $2.00 per token. Analysts are suggesting a potential rise to $5.00 within the first few months. The coin is expected to be listed on Binance, although the exact date has not been confirmed.
Blum Coin functions as a decentralized exchange, allowing traders to access tokens from centralized and decentralized platforms. With over 20 million users already onboard, the platform is gaining attention. Investors should monitor developments closely, especially with the upcoming Binance listing.
#Blum #Binance #CryptoLaunch
đ Exciting news from the blockchain world! XProtocol, built on Coinbase's Base chain, has just launched XForge, the world's first node-operated DePIN smartphone! đ± This Android device lets users participate in the DePIN network directly, earning rewards and crypto incentives. XForge is set to revolutionize mobile devices by merging blockchain power with smartphone convenience.
Theta Labs isn't far behind with their new EdgeCloud for Mobile! Now, Android users can contribute spare GPU power to the Theta EdgeCloud network and earn TFUEL tokens. With AI video detection, this app supports AI research in media, healthcare, and finance.
What do you think about these innovations? Share your thoughts below! đŹ #Blockchain #Crypto #Web3