Following a successful breakout and subsequent retest of the symmetrical triangle pattern, the crypto market has entered a robust bullish rally. This rally is encountering horizontal resistance, a critical level that could influence short-term price movements.
The 50-day moving average is also trending upwards, signifying ongoing bullish momentum and acting as a dynamic support level.
If the bitcoin decisively breaks above this horizontal resistance, it would further validate the prevailing bullish sentiment, potentially leading to continued upward momentum and new highs in the crypto market.
Hopes for an #EthereumETF drive futures open interest to a record $14 billion!
The anticipation of a potential #ETF approval has sparked increased activity in $ETH futures, reflecting strong investor interest and confidence in Ethereum's future.
Current Funding Rates vs. First #Bitcoin Price Discovery Attempt
The current funding rates are looking much healthier compared to the first time $BTC tried to enter price discovery. This suggests a more stable market environment and potential for sustained growth.
First BTC halving, November 2012: $12 Price after halving, November 2013, $1,146, increased 95 times Second BTC halving, July 2016: $658 Price after halving, December 2017, 20,089 US dollars, increased 30 times BTC’s third halving, May 2020: $8,800 The price after the halving will be $69,000 in November 2021, an increase of about 8 times. Bitcoin’s fourth halving is on April 2024, what do you think the price would be before and after halving? $BTC
Bitcoin 50K is Coming Bitcoin crash is expected which will dump it till towards $50k. Here is why? An estimated $30 billion in long positions could face liquidation industry-wide if #Bitcoin falls to $50,500!. So $BTC can come down towards this position. It can make everyone bullish and then hit the 50000$ to add more and more people to be liquidated. The liquidation works like a magnet 🧲 It drags the Bitcoin towards it's position. So $50k is expected. May be after 75k. But 50k is due. #BTC couldn't break the resistant of $69k. Now let's see the market. #HotTrends #BTC #ETH #Bitcoin(BTC) #halving
Asked by Thai community why I adopted 3 as a symbol. Reasons below:-
It represents my commitment to 3 key group of stakeholders: (i) users; (ii) regulators; (iii) partners.
3 is a lucky number in numerology and amongst Chinese - associated with luck, success, abundance. There are 3 letters in the hand symbol - W, V and L - represents Win, Victory and Love.
Also, many good things in crypto has 3 syllable - BTC, BNB, ATH, To The Moon…