Bitcoin_Update
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BITCOIN PRICE TURNS RED
Bitcoin price started a major decline from the $49,000 resistance zone. BTC traded below the $46,500 and $45,000 support levels to enter a short-term bearish zone.
The bears even pushed the price below the $42,500 support zone before the bulls appeared. A low was formed near $41,476 and the price is now consolidating losses. It recovered a few points above the $42,000 level. The price tested the 23.6% Fib retracement level of the key drop from the $49,000 swing high to the $41,476 low.
Bitcoin is now trading below $43,250 and the 100 hourly Simple moving average. There is also a key declining channel forming with resistance near $43,050 on the hourly chart of the BTC/USD pair.
On the upside, immediate resistance is near the $43,000 level and the channel zone. The first major resistance is $43,250 or the 100 hourly Simple moving average. A clear move above the $43,250 resistance could send the price toward the $44,450 resistance.
The next resistance is now forming near the $45,250 level. It is near the 50% Fib retracement level of the key drop from the $49,000 swing high to the $41,476 low. A close above the $45,250 level could start a strong increase and send the price higher. The next major resistance sits at $47,000.
MORE LOSSES IN BTC?
If Bitcoin fails to rise above the $43,250 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $42,120 level.
The next major support is $41,500. If there is a close below $41,500, the price could gain bearish momentum. In the stated case, the price could drop toward the $40,000 support in the near term.#BTC-ETF. #BitcoinETFapproved #BitcoinMoves #Bitcoin_Update
Bitcoin price started a major decline from the $49,000 resistance zone. BTC traded below the $46,500 and $45,000 support levels to enter a short-term bearish zone.
The bears even pushed the price below the $42,500 support zone before the bulls appeared. A low was formed near $41,476 and the price is now consolidating losses. It recovered a few points above the $42,000 level. The price tested the 23.6% Fib retracement level of the key drop from the $49,000 swing high to the $41,476 low.
Bitcoin is now trading below $43,250 and the 100 hourly Simple moving average. There is also a key declining channel forming with resistance near $43,050 on the hourly chart of the BTC/USD pair.
On the upside, immediate resistance is near the $43,000 level and the channel zone. The first major resistance is $43,250 or the 100 hourly Simple moving average. A clear move above the $43,250 resistance could send the price toward the $44,450 resistance.
The next resistance is now forming near the $45,250 level. It is near the 50% Fib retracement level of the key drop from the $49,000 swing high to the $41,476 low. A close above the $45,250 level could start a strong increase and send the price higher. The next major resistance sits at $47,000.
MORE LOSSES IN BTC?
If Bitcoin fails to rise above the $43,250 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $42,120 level.
The next major support is $41,500. If there is a close below $41,500, the price could gain bearish momentum. In the stated case, the price could drop toward the $40,000 support in the near term.#BTC-ETF. #BitcoinETFapproved #BitcoinMoves #Bitcoin_Update
#USDTMarketcap
USDT dom Maximum Target on Fibo 161,8%
becareful for alt and BTC
#Bitcoin_Update #BTCbitcoin #Ethpriceanalysis #BNBDUMP
USDT dom Maximum Target on Fibo 161,8%
becareful for alt and BTC
#Bitcoin_Update #BTCbitcoin #Ethpriceanalysis #BNBDUMP
Bitcoin's Record Move and Ethereum's Shifting Future: Are We on the Brink of a Crypto Revolution?
1. Bitcoin's Monumental $665M Transaction Shakes the Market
#Bitcoin_Update recently made headlines with its largest transaction of 2024, amounting to an astonishing $665.3 million. This massive transfer involved 42,870 BTC and occurred within just an hour, marking the highest hourly movement in the past six months. Adding to the intrigue, an anonymous #btcwallet holder paid a staggering 4 BTC in transaction fees. Such a hefty fee, exceeding $170,000, for a single transfer has stirred discussions and debates within the crypto community about the practicality and implications of these high transaction costs.
2. Bitcoin’s Technical Trajectory: A Mixed Bag of Predictions
In the world of technical analysis, Bitcoin's current trajectory presents a complex picture. The cryptocurrency has maintained a position above key price points, reflecting past buying pressures. However, it's facing challenges with recent depreciations testing downside objectives. Analysts are closely monitoring indicators like the Fisher Transform, which previously signaled major tops in the market. Despite a warning of a potential top, historical patterns suggest the possibility of a significant rally ahead, with speculations of Bitcoin possibly reaching new heights above $84,000. However, it's important to note that before any long-term rise, there could be short-term rapid declines. Therefore, strict control of investment positions is crucial to mitigate the risks associated with sudden drops. Investors should be prepared for volatility and manage their portfolios accordingly to navigate through these potential market fluctuations.
3. Ethereum's Institutional Embrace and Legal Quandaries
On the #Ethereum2024 front, 2024 is shaping up to be a critical year, especially with the growing institutional interest. Advances in blockchain technology, particularly Zero-Knowledge proofs, are attracting traditional finance institutions. However, Ethereum faces its challenges, as exemplified by the ongoing SEC vs. Coinbase legal battle. This case could set a significant precedent for the classification and regulation of cryptocurrencies in the United States. #markyusko of Morgan Creek Capital has expressed skepticism about the SEC approving an #ETH-ETF , citing the commission's view of Ethereum as a security as a major hurdle.
Conclusion
The recent developments in $BTC and $ETH highlight the dynamic and transformative nature of the cryptocurrency landscape. From record-breaking transactions and complex technical analyses to significant institutional interest and legal battles, these trends are shaping the future of cryptocurrencies, raising questions about their scalability, regulatory acceptance, and potential for mainstream adoption.
#Bitcoin_Update recently made headlines with its largest transaction of 2024, amounting to an astonishing $665.3 million. This massive transfer involved 42,870 BTC and occurred within just an hour, marking the highest hourly movement in the past six months. Adding to the intrigue, an anonymous #btcwallet holder paid a staggering 4 BTC in transaction fees. Such a hefty fee, exceeding $170,000, for a single transfer has stirred discussions and debates within the crypto community about the practicality and implications of these high transaction costs.
2. Bitcoin’s Technical Trajectory: A Mixed Bag of Predictions
In the world of technical analysis, Bitcoin's current trajectory presents a complex picture. The cryptocurrency has maintained a position above key price points, reflecting past buying pressures. However, it's facing challenges with recent depreciations testing downside objectives. Analysts are closely monitoring indicators like the Fisher Transform, which previously signaled major tops in the market. Despite a warning of a potential top, historical patterns suggest the possibility of a significant rally ahead, with speculations of Bitcoin possibly reaching new heights above $84,000. However, it's important to note that before any long-term rise, there could be short-term rapid declines. Therefore, strict control of investment positions is crucial to mitigate the risks associated with sudden drops. Investors should be prepared for volatility and manage their portfolios accordingly to navigate through these potential market fluctuations.
3. Ethereum's Institutional Embrace and Legal Quandaries
On the #Ethereum2024 front, 2024 is shaping up to be a critical year, especially with the growing institutional interest. Advances in blockchain technology, particularly Zero-Knowledge proofs, are attracting traditional finance institutions. However, Ethereum faces its challenges, as exemplified by the ongoing SEC vs. Coinbase legal battle. This case could set a significant precedent for the classification and regulation of cryptocurrencies in the United States. #markyusko of Morgan Creek Capital has expressed skepticism about the SEC approving an #ETH-ETF , citing the commission's view of Ethereum as a security as a major hurdle.
Conclusion
The recent developments in $BTC and $ETH highlight the dynamic and transformative nature of the cryptocurrency landscape. From record-breaking transactions and complex technical analyses to significant institutional interest and legal battles, these trends are shaping the future of cryptocurrencies, raising questions about their scalability, regulatory acceptance, and potential for mainstream adoption.
🚨🚨✨NOW✨🚨🚨
🚨Grayscale just sent another 12.87K $BTC from its wallets, worth $531 million
👉In total, so far, #Grayscale has deposited 47.9 thousand BTC on Coinbase Prime, worth $1.97 billion at current prices
💪Remember: Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BTC #ALT #sol #Bitcoin_Update #MANTA
🚨Grayscale just sent another 12.87K $BTC from its wallets, worth $531 million
👉In total, so far, #Grayscale has deposited 47.9 thousand BTC on Coinbase Prime, worth $1.97 billion at current prices
💪Remember: Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BTC #ALT #sol #Bitcoin_Update #MANTA
"Bitcoin (BTC) Soaring to $200k Before Halving: Analyst's Dazzling Forecast"
A top market analyst has projected the possibility that the price of Bitcoin (BTC) can touch $200,000 before the next halving event.
Read more on: https://thecryptobasic.com/2024/01/16/top-analyst-forecasts-bitcoin-btc-price-to-200k-pre-halving/
#Bitcoin_Update #BitcoinMoves #cryptoleads #CryptoNewsLand #CheersToOpportunity
Read more on: https://thecryptobasic.com/2024/01/16/top-analyst-forecasts-bitcoin-btc-price-to-200k-pre-halving/
#Bitcoin_Update #BitcoinMoves #cryptoleads #CryptoNewsLand #CheersToOpportunity
"Bitcoin Surpasses Silver, Becomes Second Largest Commodity ETF"
Bitcoin (BTC) continues to make waves, as the market for the recently-launched spot BTC ETF products displaces Silver to become the second-largest commodity ETF in the United States.
Read more on: https://thecryptobasic.com/2024/01/19/bitcoin-btc-outranks-silver-as-second-largest-commodity-etf/
#BitcoinETFapproved #BTC-ETF #Bitcoin_Update #cryptocurrecny #CryptoNewsLand
Read more on: https://thecryptobasic.com/2024/01/19/bitcoin-btc-outranks-silver-as-second-largest-commodity-etf/
#BitcoinETFapproved #BTC-ETF #Bitcoin_Update #cryptocurrecny #CryptoNewsLand
$BTC
Setup BTC For Monday
Yellow Price Take Profit Area
White Entry Area
Red Stoploss
#DYOR🟢. #btcdump #Shortbtc #Bitcoin_Update
Setup BTC For Monday
Yellow Price Take Profit Area
White Entry Area
Red Stoploss
#DYOR🟢. #btcdump #Shortbtc #Bitcoin_Update
With Bitcoin dropping to the $42,000 zone, the leading cryptocurrency's pullback might intensify to the $38,000 level, according to 10x Research.
#BitcoinMoves #BTCbitcoin #Bitcoin_Update #cryptocurrency!!! #CryptoNews🔒📰🚫
#BitcoinMoves #BTCbitcoin #Bitcoin_Update #cryptocurrency!!! #CryptoNews🔒📰🚫
📉 Bitcoin Faces 8% Loss in a Week, Approaching BTC Halving Event in 110 Days! 📉💔
Bitcoin market participants find themselves in a state of indecision as BTC trades sideways below $43,000 on Thursday, January 18, recording an 8% decline over the past week. Altcoin season officially kicked off on January 14, causing Bitcoin dominance to shrink to 47.5%.
As Bitcoin hovers below its two-year high of $48,989, all eyes are on the approaching BTC halving event, just 110 days away. Experts consider this event a potential catalyst for Bitcoin's price movements. The halving, scheduled for April 2024, will reduce the mining reward to 3.125 BTC per block, impacting miners' incentives and shaping the future of the cryptocurrency landscape.
📈 Altcoin Season Takes the Spotlight: Bitcoin Dominance at 47.5%!
Altcoin Season Index, tracking the performance of the top 50 cryptocurrencies compared to Bitcoin, reads 78 as of January 18. This signals the official commencement of the Altcoin Season since January 14. As Bitcoin faces challenges, alternative cryptocurrencies are gaining traction, evident in the decrease of Bitcoin dominance to 47.5%.
💡 Technical Analysis: Bitcoin Struggles Below $43,000 Level! 📊
Bitcoin's price action disappoints traders as it trades below the $43,000 level, experiencing an 8% loss in the past week. The current price of $42,809 places it below the 50% Fibonacci Retracement, acting as a crucial resistance point at $43,074. Key resistance zones, represented as R1 and R2, lie in the range of $43,589 to $45,613.
🚀 Navigating Market Challenges: Stay Informed with The Blockopedia! 🌐📰
#BitcoinPrediction #BitcoinPrice2024 #Bitcoin_Update #cryptocurrency #crypto2024
Bitcoin market participants find themselves in a state of indecision as BTC trades sideways below $43,000 on Thursday, January 18, recording an 8% decline over the past week. Altcoin season officially kicked off on January 14, causing Bitcoin dominance to shrink to 47.5%.
As Bitcoin hovers below its two-year high of $48,989, all eyes are on the approaching BTC halving event, just 110 days away. Experts consider this event a potential catalyst for Bitcoin's price movements. The halving, scheduled for April 2024, will reduce the mining reward to 3.125 BTC per block, impacting miners' incentives and shaping the future of the cryptocurrency landscape.
📈 Altcoin Season Takes the Spotlight: Bitcoin Dominance at 47.5%!
Altcoin Season Index, tracking the performance of the top 50 cryptocurrencies compared to Bitcoin, reads 78 as of January 18. This signals the official commencement of the Altcoin Season since January 14. As Bitcoin faces challenges, alternative cryptocurrencies are gaining traction, evident in the decrease of Bitcoin dominance to 47.5%.
💡 Technical Analysis: Bitcoin Struggles Below $43,000 Level! 📊
Bitcoin's price action disappoints traders as it trades below the $43,000 level, experiencing an 8% loss in the past week. The current price of $42,809 places it below the 50% Fibonacci Retracement, acting as a crucial resistance point at $43,074. Key resistance zones, represented as R1 and R2, lie in the range of $43,589 to $45,613.
🚀 Navigating Market Challenges: Stay Informed with The Blockopedia! 🌐📰
#BitcoinPrediction #BitcoinPrice2024 #Bitcoin_Update #cryptocurrency #crypto2024
