Bitcoin is currently trading at $68,338, with a recent 24h high of $69,519 and a 24h low of $68,119. We’ve seen some key movements in the price action that need your attention:
🔻 Key Resistance Zone: As shown by the red arrows, Bitcoin has repeatedly tested and failed to break above the resistance trendline multiple times since March. We are currently approaching this resistance level once again, so it will be crucial to watch for a potential breakout.
🔵 Demand Zone & Fair Value Gap (FVG): There’s a well-defined demand zone sitting around the $60,000 - $62,000 mark, where buying pressure has previously picked up. This area also lines up with the Fair Value Gap (FVG), making it an important region to monitor for potential price bounces.
📊 Support Zone: The $62,000 - $63,000 zone has held strong as support recently, indicating that buyers are willing to defend this area. If we see a rejection from the current resistance, this could be the next key level for Bitcoin to test.
🚨 Price Target: Should Bitcoin break through the overhead resistance, we could see a push toward the $73,777 level, which is marked as the next high on the chart. However, keep an eye on the market's reaction in the coming days as we are approaching a critical decision point.
Bitcoin is doing the moonwalk! It seems like it just keeps surprising us. Who would have thought we'd be here today? The future is Bitcoin, and we're all on the right track! #Bitcoin #Crypto #MoonShot #Investment"
Bitcoin is currently consolidating just below $61,000 following the release of the latest US inflation data2. The annual inflation rate for September was slightly higher than expected, which has led to some market uncertainty
In 2024, global economic growth continues to show positive signs despite persistent challenges. Here is an overview of the key statistics and trends: GDP growth According to World Bank data, annual global GDP growth is estimated at 3.2% by 20241. This increase is mainly driven by emerging and developing economies, which are growing at an average rate of 4.5%1. Regional Performances United States: U.S. GDP grew by 3.0% in the second quarter of 2024, after growing by 1.6% in the first quarter2.
🗣 Important news:- 💬 FetchAI & Ocean Protocol & SingularityNET projects are planning to merge under one entity “Artificial Superintelligence Alliance”. ⏺ The currencies of the three projects are also FET | OCEAN | AGIX will merge into one ASI. ⏺ FET coin will be converted to ASI with a circulation of 2.6 billion coins. Ocean coin will be converted to ASI at a ratio of 0.43:1. ⏺ AGIX will also convert to ASI at a ratio of 0.43:1. The news is from the AFP newspaper 👇 Send this news to AI currency lovers 🚀
The total market capitalization of all cryptocurrencies globally is currently $1.44 trillion, reflecting a 0.18% increase from the previous day, as per data from CoinMarketCap.
Terra Luna Classic Community Passes Crucial Proposal; LUNC And USTC Price Skyrockets 🚀
Terra Ecosystem Tokens Sudden Rally 🔥 Terra Luna Classic Proposal 11885 Passed By The Community 🥔
Terra Luna Classic community has unanimously passed a crucial proposal amid efforts to revive LUNC and USTC. The proposal seeking community approval for the on-chain deployment of terrad client v2.3.1, related to incorporating dynamic validator commission module. LUNC and USTC prices are skyrocketing after liquidity deployment.
Proposal 11885 “Sequence Mismatch Issue Resolution” seeking community approval for the on-chain deployment of terrad client v2.3.1. Notably, this update fixes a critical issue of dyncomm ante decorator related to account sequence. The voting is still open, but the proposal has passed just in a day.
Last week, the community approved v2.3.0 to introduce dyncomm module, integrating protocol logic for determining minimum validator commissions based on voting power. However, L1TF lead Vinh Nguyen reported “a critical issue pertaining to sequence mismatch affecting some validators during commission edits. This sequence mismatch problem has led to some accounts being barred from further interaction with the chain.”
CoinGape Media earlier reported that Terra Luna Classic’s core developer L1TF officially approved dyncomm module for dynamic validator commissions.
USTC price trades at $0.048, up 200% in the past 24 hours. The 24-hour low and high are $0.015 and $0.045, respectively. The trading volume has also jumped massively.
Meanwhile, LUNA price also climbed 15% in the past 24 hours, with the price currently trading at $0.77. The 24-hour low and high are $0.6587 and $0.8265, respectively. However, the trading volume has jumped by 400%.
The sea is rough and stormy. The bears are trying to sink our ship, but we are holding on tight. Don’t let go of your sails, fellow sailors. We will reach the shore soon. #HODL #BTC #Bullish