Bitcoin was unable to hold the $69,000 level and the price dropped to the support area. Currently, BTC is testing the $67,000 level and it needs to hold this level; otherwise, we may see a continuation of the downtrend. The next support area is between $64,500 and $65,200, and the resistance area is between $69,000 and $70,000.
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BAT analysis:

Price is trading in a narrow range and has been rejected from the resistance area. A move towards the support area is expected, providing an opportunity to open a long position.

Support Area: $0.22-$0.229

Resistance Area: $0.258-$0.266
#BATUSDT #altcoins #BTC☀️ #writetoearn #aPharmacist

According to Glassnode, small Bitcoin (BTC) holders, known as "shrimps," who own less than 1 BTC, hold about 7% of the total circulating supply.

This highlights their significant role in the ongoing trend of accumulating BTC.
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UNFI analysis:

The price has broken out of the trading range and is now approaching the resistance area. This is not a good time to trade, so it's better to wait for a better setup.

Support Area: $3.95-$4.10

Resistance Area: $5.45-$5.87

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Bitcoin is currently retesting the $69,000-$70,000 range, and the price is holding at this level. A break below $69,000 may lead to a sell-off in the market. Keep an eye on the support level. The next major resistance area is $72,000-$73,500.
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The altcoin market cap (TOTAL2) is currently testing the downtrend resistance line. If TOTAL2 manages to break above this resistance line, we could see a strong rally in altcoins. If BTC doesn't experience a sudden drop, then we can expect significant movement in altcoins.

#altcoins #BTC #aPharmacist
#writetoearn

Bitcoin is continuing its upward movement and slowly approaching the resistance area. There may be some action when the US markets open. The support and resistance levels remain the same.
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Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon.
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Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon.
#BTC #Marketupdate #aPharmacist

JUP is slowly approaching the resistance area. Let's observe how the price reacts when it reaches the resistance area. Only consider opening long positions if the price breaks and closes above the resistance area.

Support Area: $0.835-$0.895

Resistance Area: $1.14-$1.22
#BTC #JUPUSDT #aPharmacist

Bitcoin is slowly gaining momentum and may see some sideways movement over the weekend. To remain bullish, the price needs to break above the resistance area, while the support area remains the same.

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FTT analysis:

The price was unable to break through the resistance area and encountered a lot of selling pressure. We will likely see a test of the support area in the next few days, which could be an opportunity for new entries. You can place your buy orders within the support area.

Support Area: $1.65-$1.75

Resistance Area: $2.18-$2.22

#FTT/USDT #BTC #CryptoWatchMay2024 #aPharmacist

Bitcoin is currently attempting to hold the trendline and it remains to be seen how the price will react. The major support area is currently between $59,000-$60,000, while the resistance levels have remained unchanged. We may witness a significant market movement next week.
#BTC #buythedip #bitcoin #Marketupdate
#aPharmacist

Bitcoin is now going for a retest of the trendline. We may see a bounce from there. The resistance level remains the same and we see a big move if the price can close above the $65,500 level.
#BTC #altcoins #Marketupdate #aPharmacist

DOT is currently trading within a range and there have been no significant changes yet. We may see a movement towards the resistance area. However, as this is not a trading zone, it is better to wait for a clear breakout above the resistance area before making any new entries. The support and resistance levels remain the same.
#Dotusdt #altcoins #BTC #aPharmacist

Bitcoin encountered strong selling pressure at the resistance area which resulted in the price being declined. It is possible that we may see another attempt to move towards the resistance area and we will have to wait and see if the price can break above it and close. So far, there has been no significant change in the market.
#BTC #aPharmacist

IMX analysis:

The price of IMX is currently oscillating within a range defined by support and resistance levels. At present, the market is in a consolidation phase, indicating a neutral stance for traders. It's advisable to await a confirmation of the price action at the resistance level before considering any trading positions.

Support Area: $1.65-$1.80

Resistance Area: $2.45-$2.60

#BTC #IMXUSDT #altcoins #aPharmacist

JUP is facing heavy selling at the resistance area. A move towards the support area is expected if the price is rejected from there. Place buy orders in the support area and wait.

Support Area: $0.833-$0.895

Resistance Area: $1.12-$1.20

#BTC #Jupiter🪐 #JUPUSDT #aPharmacist

The Altcoin Market Cap (TOTAL2) has bounced back from the support area as expected. We recommended you accumulate your favourite altcoins and now they are in profit. You should increase your stop loss and hold the positions as we may see a move towards the resistance area in TOTAL2.

Resistance Area: $1.20-$1.25 Trillion

#BTC #Altcoins👀🚀 #aPharmacist

Bitcoin has broken the downtrend channel and is moving upward on lower time frames. Currently, the price is attempting to surpass the resistance area. If BTC can successfully break and maintain its position above the resistance area, we can expect a continuation of the upward trend.

Resistance Area: $64,500-$65,500

#BTC #Marketupdate #aPharmacist