$ZEN has presented a compelling buying opportunity. Last night, a one-hour candle surged nearly 20%, only to retract and surprisingly break below the starting price. However, the decline has halted, and the token is now rising again, with consecutive hourly gains. This reversal signals a potential trend shift. Seize the opportunity to go long at the current price of $9.1, as the charts suggest a promising uptrend.
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Binance Technical Analysis: $RENDER
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/USDT
The RENDER/USDT pair has seen some positive movement recently, with a current price of $6.159, up 0.69% in the last 4 hours. Let’s dive into the technical analysis and explore three key target levels for potential trading opportunities.
1. First Target 🎯: $6.200
This level has proven to be a strong resistance point in the past few hours. If the price manages to break through this barrier, it could signal further bullish momentum.
2. Second Target 🎯: $6.100
A retracement to $6.100 is a plausible scenario, offering a potential buying opportunity for traders looking to enter at a more favorable price.
3. Third Target 🎯: $6.050
In the event of a further decline, the $6.050 level presents a solid support zone where we could see some price consolidation or a reversal back to higher levels.
Keep monitoring the market for any changes and adjust your strategy accordingly!
*A November like any other?*
At around 16%, Bitcoin’s month-to-date performance in November 2024 is nothing out of the ordinary.
Despite notching repeat all-time highs throughout the month, so far, BTC/USD has a long way to go to make this November stand out.
for instance, November 2020, Bitcoin’s last halving year, saw gains of 43%.
2017, also a year in which Bitcoin hit an all-time high in the eleventh month of the year, brought 53% November upside, while 2013 dwarfs the rest with giant 450% returns. Bitcoin’s worst November since then was in 2018, when it lost nearly 37%.
Thanks to such wide variations, “average” November returns stand at around 43%, leading already bullish traders to forecast more upside before the monthly close.
“$BTC next area of interest is $93k before pullback and consolidation and then $121k to complete the wave (5),” one such angle from popular trader Mikybull Crypto, who employed Fibonacci retracement levels, stated on Nov. 11.
Longer-timeframe perspectives favor even more intense upside, with market participants flagging the seven-month consolidation phase seen on BTC/USD after its old all-time high in March.
“Bitcoin gave everyone a chance to buy breaks from Mar-Oct '24,” veteran trader Peter Brandt argued at the weekend.
$BTC
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#BTCNear82k
Major $BTC /USDT Update:
$BTC on the Charge again .. Really a Big Rise from $65k - $82k After Donald trump win.. Target Acheived for $82k..
Bitcoin has surged to a remarkable 82,005, reflecting a solid 3.31% gain within the day. This impressive move sees BTC nearing its 24-hour peak at 82,056, showcasing robust bullish momentum after rebounding from a daily low of 78,473.13. The chart highlights a strong upward trend, indicating potential continuation if volume remains strong and buying interest persists. Traders should be prepared for potential resistance near the 83,211 mark, which could trigger profit-taking or temporary consolidation. For those looking to enter, setting strategic entry points and tight stop-loss levels is essential to manage risk while capitalizing on this bullish wave. Stay alert, as BTC is poised for significant moves in either direction.
🚀 Crypto Boom: Bitcoin breaks $80K as tokens rally:
Today, Bitcoin has surged past the $80,000 mark, fueling a rise in other tokens across the market. 📈
Notably, just a month ago, Bitcoin was valued at $61K. Recently, CNBC reported that a group of analysts expects Bitcoin to reach $100,000 by Trump's inauguration. 📊
Bitcoin has broken through the $80,000 mark, reaching an all-time high and pushing all wallet addresses into profit.
This milestone has sparked excitement in the cryptocurrency community, with many analysts predicting further growth. The Bitcoin Fear and Greed Index has reached 78, indicating "Extreme Greed" levels, which could suggest a potential correction in the near future.
The current rally is driven by high trading volumes and open interest, with a 33.31% increase in trade volume and a 4.16% increase in open interest. This surge in activity has led to predictions of an altcoin season, with investors looking to capitalize on the momentum.
Key Factors Driving the Rally:
- Increased Liquidity: Global liquidity has increased, driving demand for assets like Bitcoin.
- Four-Year Crypto Cycle: Bitcoin's price movement follows a consistent four-year cycle, with the current cycle expected to continue until 2025.
- Investor Psychology: The "wealth effect" across the decentralized finance (DeFi) ecosystem and the allure of affordable altcoins are driving investor interest.
Potential Outlook:
- Continued Growth: Some analysts predict Bitcoin will continue to rally, potentially reaching $100,000.
- Correction: Others warn of a potential correction due to overbought conditions and the "Extreme Greed" index ¹.
Keep in mind that the cryptocurrency market is highly volatile, and predictions are subject to change. Always do your own research and consider multiple sources before making investment decisions.
$BTC
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#BTCNear82k
Newly added coin $ACT gain a lot of momentum ..
Unbelievable Surge Alert: $ACT /USDT has skyrocketed, now trading at 0.3510 with an extraordinary 1690.82% increase in just 24 hours. This explosive move propelled ACT from a low of 0.0196 to a peak of 0.3844, signaling unprecedented bullish momentum. The sheer magnitude of this gain suggests powerful buying pressure and potential FOMO (fear of missing out) among traders. However, this extreme volatility carries significant risk—traders should proceed with caution, set tight stop-loss levels, and be mindful of potential rapid reversals as profit-taking may ensue. Stay sharp, as opportunities like these can bring both substantial rewards and heightened risks.
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#CryptoAMA #BTCNear82k $DOGE @bounce_bit
Bitcoin Price Reached $81,000 For New ATH; $85k Now Achievable
Bitcoin continues to prove its worth. On Monday, speculators wagered that Donald Trump's return to the Oval Office would boost the crypto business, sending it to a record high.
Coingecko statistics reveals that the world's biggest and most recognizable cryptocurrency has more than doubled from the year's low of $38,4000 to $81,405 after reaching a record high of $81,890.
Bitcoin reached $75k a day after the elections, surpassing $74,797 in March. Since Bitcoin and crypto are election topics, their early November price spike was expected.
Trump was more sympathetic to Bitcoin and crypto than Kamala Harris, who supported AI. CoinMarketCap reports that Bitcoin's market valuation rose beyond $2.7 trillion after its recent spike.
Bitcoin Hits Another High, Boosts Crypto
Bitcoin's upward price activity began on November 5th after Trump won convincingly. Bitcoin topped $75k Wednesday and rose to new highs till Monday.
Bitcoin's rise helped the whole crypto sector. With Bitcoin's rise, MicroStrategy's share price rose, as Coinbase Global verified. Even the Dow Jones Industrial Average and S&P 500 closed the week in black, indicating traders' confidence.
Interestingly, incoming President Trump originally disliked Bitcoin and cryptocurrencies. Trump called these digital assets frauds during his first term. Trump altered his tune and now has huge support after recent public appearances and remarks.
Trump pledged to make the US the Bitcoin and crypto capital in a campaign address. Elon Musk and other crypto celebrities endorse him.
#BTCNear82k #Trump47thPresident #EthereumRally $BTC
{spot}(BTCUSDT)
📉 Bitcoin Daily 📈
First of all about CME Futures gap - a new one formed at 77930-80670. Visible at all timeframes, so pretty strong factor to expect $BTC dip to that zone. Will it happen today or tomorrow, or BTC will move upwards for another week or two, leaving this gap for further future - that is impossible to predict. The only thing we can write down and memorize is that that zone will be visited in future.
#Bitcoin closed week with a very bullish candle, so momentum is strong. It should push price higher. For a wick or for another proper long body candle - that is yet unknown. But such a momentum allows to do both, as upwards move is easier.
Another line on the chart asking for revisit is breakout level around 73800. If #BTC decide to visit that area this week, to stay same bullish it got to be a fast dip and fast bounce, so that only a buy tail forms at week chart. If week close near that level, that will be a slow down in momentum.
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Nearest liquidity pools:
above - 82438 / 83455 / 84384 / 85055
below - 80357 / 79618 / 78544 / 77873
Lines on the chart:
🔸80410 - week close
🔸77708 - dev Year VWAP VAH2
🔸73881 - March high
🔸72890 - April high
🔸72144 - June high
🔸70321 - October close
🔸69080 - dev Year VWAP VAH
#BTC☀
A potential victory for Donald Trump in the upcoming presidential election could lead to significant changes in the cryptocurrency market, particularly regarding regulations and policies that have remained stagnant in the U.S. A Trump administration could increase the likelihood of advancing legislation such as the Financial Innovation and Technology for the 21st Century Act (FIT21).
This bill, which has been delayed by partisan debates, aims to delineate the regulatory roles of agencies like the SEC and CFTC, thereby providing the much-needed clarity for the domestic market to expand and compete effectively on a global scale.
Additionally, some analysts anticipate that Trump’s administration might adopt a more hands-off approach toward cryptocurrency and fintech innovation.
Despite Trump’s past criticisms of Bitcoin and other cryptocurrencies, his evolving rhetoric, combined with the potential inclusion of advisors such as Vivek Ramaswam an outspoken crypto advocate could create a more supportive environment for crypto projects. This shift might stimulate innovation and reduce regulatory obstacles, particularly if Ramaswamy’s influence is strong in Trump’s administration.
However, Trump’s history of inconsistent policy positions has led some to remain cautious. While his administration could pave the way for a more crypto-friendly environment, doubts linger as to whether he would remain committed to these pro-crypto positions once in office.
Consequently, many in the cryptocurrency sector are taking a “wait and see” approach to evaluate the potential outcomes of a second Trump presidency.
#Therapydogcoin #BIOProtocol
{spot}(BTCUSDT)
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#BBCeDeFi #BTCNear82k #AltCoinRush #DogecoinPriceSurge #EthereumRally
{spot}(BBUSDT)
Binance Newly listed coin #PNUT on the Charge ... hit $0.43... May drop some value here.. but then arise again ..
Massive Breakout Alert: #PNUT /USDT has experienced an explosive rally, now trading at 0.4303 with an astonishing 310.98% gain in the last 24 hours. The surge catapulted PNUT from a low of 0.1047 to a high of 0.4550, showcasing exceptional bullish momentum and strong buying pressure. This sharp, rapid ascent indicates high volatility and potential for both continued gains and swift pullbacks. Traders should stay vigilant, as sustained momentum could push the price higher, while profit-taking could introduce quick reversals. Implement tight stop-loss orders and be ready for potential corrections to navigate this high-reward opportunity with caution and strategy.
#Pnut
Bitcoin hits a record $81K 🚀 after Trump's re-election, sparking excitement in the crypto world! With the Fed's recent rate decisions, all eyes are on upcoming U.S. economic data. CPI figures on Nov 13 could set the market tone, with a slight inflation drop expected. But surprises might shake things up! Jobless claims and retail sales data will also be key, impacting sentiment and potentially Bitcoin's trajectory. Futures markets are buzzing, with open interest soaring and CME premiums doubling. The crypto market cap is at $2.76 trillion—bullish vibes all around! 🌟 #CryptoNews #Bitcoin
**Crypto Hack Alert: DeltaPrime Exploited for $4.8M**
DeltaPrime, a DeFi liquidity protocol, has fallen victim to a $4.8 million hack involving Arbitrum (ARB) and Avalanche (AVAX) tokens. The breach, under investigation, began when the hacker added liquidity to the protocol, as reported by PeckShield.
In response, DeltaPrime paused operations on Arbitrum and Avalanche. This incident adds to the rising wave of crypto hacks in 2024, with nearly $2 billion stolen so far. Experts note that while smart contract vulnerabilities persist, private key leaks are becoming a major threat.