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🟢BTC analysis 🟢
-BTC reached a new ATH (107k) 🎉
-BTC has two trendlines that have been formed since 2017
-It has already touched the first trendline, so selling pressure may emerge
-If it breaks through the first trendline, the next target could be up to 116K
Link: https://www.bigtech.com.ng/2023/09/bitcoin-billing-format-for-client.html
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Early in the American session, Bitcoin (BTC/USD) is trading around 98,472, above the 21 SMA, and below the bearish trend channel forming since December 3, showing some recovery.
Bitcoin has always moved within trend channels. So, we believe that there could be a technical correction below...
The battle over $100,000 continues for bitcoin.
Sellers took over yesterday on (irrational?) fears of a quantum computing breakthough that could crack bitcoin's encryption in the future. However those fears have ebbed today in broad rally in risk assets following a subdued US inflation report...
We introduce you to the daily updated section of Forex analytics where you will find reviews from forex experts, up-to-date monitoring of financial information as well as online forecasts of exchange rates of the US dollar, euro, ruble, bitcoin, and other currencies for today, tomorrow and this...
Bitcoin is the world's first and most popular cryptocurrency. With a market capitalization of $1.73 trillion, Bitcoin dominates the entire cryptocurrency market. Its decentralized nature and limited supply of 21 million coins make it unique, ensuring long-term demand among traders and investors...
Bitcoin is the world's first and most popular cryptocurrency. With a market capitalization of $1.73 trillion, Bitcoin dominates the entire cryptocurrency market. Its decentralized nature and limited supply of 21 million coins make it unique, ensuring long-term demand among traders and investors...
Bitcoin faced mixed sentiments on Tuesday after crypto community members spoke on the potential of Google's new quantum chip Willow's ability to crack blockchain networks and render the security of public key cryptography useless.
Bitcoin (BTC) hovers around $97,800 on Tuesday after almost a 4% drop on Monday as traders look at the upcoming Microsoft (MSFT) shareholders' vote on Tuesday to add BTC to the balance sheet, a move that, if approved, could catalyze a further rally.
Ethereum (ETH) trades above $4,000 for the first since March on Friday after seeing record ETF inflows and higher preference from investors over Bitcoin.
Solana (SOL) left Ethereum (ETH) behind in terms of on-chain metrics like protocol fees and decentralized exchange (DEX) volumes in October and November.
Bitcoin (BTC) ends the working week hovering around $98,000 after a very volatile Thursday when it surpassed the $100K milestone and underwent a sharp correction.
During my daily analysis of Bitcoin, the first thing I noticed is that we of course are dropping again, and it looks like the $100,000 level will continue to see a lot of selling pressure.
Bitcoin Trading at Record High Above $100,000; NASDAQ 100, S&P 500, DAX indices Continue to New Record High Prices; Powell “Cautious” on Rate Cuts; French Government Falls
Bitcoin Reaches $93k; US Annualized Inflation Rises to 2.6% as Expected, Fed Members Worry Over Cuts; US Dollar Index Rises to 2-Month High, With EUR/USD and USD/CAD Showing Year+ Highs; Non-US Stocks Weak on Trump Fears
Market Picture The cryptocurrency market remained roughly the same as the day before at $3.45 trillion, down 7% from its peak levels at the start of the week. The sentiment index rolled back to 74, in ‘greed’ territory. The altcoin season index has pulled back to 63 from a peak of 87 a week...
Market Picture Crypto market capitalisation has fallen 4% in the last 24 hours to 3.4 trillion, taking a hit from another failed attempt by Bitcoin to break above 100k. As one would expect, the failure of the leading coin to grow is sparking hesitation among supporters of smaller and more...
Market Picture The cryptocurrency market remained roughly the same as the day before at $3.45 trillion, down 7% from its peak levels at the start of the week. The sentiment index rolled back to 74, in ‘greed’ territory. The altcoin season index has pulled back to 63 from a peak of 87 a week...
US financial markets basked in risk-on sentiment overnight, with S&P 500 and NASDAQ scaling new record highs. Bitcoin seized the momentum, surging past the psychologically significant $100K mark. Dubbed the “Trump Trade,” optimism over President-elect Donald Trump’s policies has returned in full...
Bitcoin has surged past the highly anticipated 100k milestone, riding on a wave of optimism fueled by a couple of bullish factors. In particular, with anticipation of favorable regulatory environment in the US ahead, Bitcoin could now be heading to next target at 120k. A key driver behind...
US financial markets basked in risk-on sentiment overnight, with S&P 500 and NASDAQ scaling new record highs. Bitcoin seized the momentum, surging past the psychologically significant $100K mark. Dubbed the “Trump Trade,” optimism over President-elect Donald Trump’s policies has returned in full...
The price of bitcoin is trading lower with the price now down around -2.7% to $94,700.The low price has reached $94,578.
The move lower was foreshadowed by the break and inability to extend back above the broken 200-hour MA at $98244. Buyers turned to sellers.
What next?
The next target...
There are some reportsa about that Amazon shareholders have proposed that the company explore adding Bitcoin to its balance sheet as a strategy to hedge against inflation.
This request aligns with a broader trend among major corporations, such as Microsoft and Tesla, which are evaluating...
These are a couple of spicy candles.
A finish above $100,000 would be good for bitcoin and risk trades in general.
Let's bring back some Friday tunes to get to the finish line.
This article was written by Adam Button at www.forexlive.com.
This will temper the euphoric mood in bitcoin. It's given back the $100,000 level, albeit barely. It rose as high as $103,649 today but it seems as though there is some profit taking.
It's all about sentiment from here.
This article was written by Adam Button at www.forexlive.com.
$100,000 is a major signpost for bitcoin and we're seeing some profit taking now as hodlers look for ETF buying as exit liquidity.
The broader risk mood is also stumbling slightly, though it's hardly a notable move. I'm keeping a close eye on rising Treasury yields, particularly at the front...
Bitcoin has reached - and breached - the $100K level for the first time. The prior high reached on November 22 reached $99,800 and backed off. That level will now be close support. Traders will want to see the price momentum to move away from that level and the $100K level too.
The high price...
The crypto market appears to be warming up to incoming SEC commissioner Paul Atkins.
He was rumored for the pick but was nominated today and is friendly to crypto. That's helped to lift bitcoin to $98,250 from a low of $94,800 just a few hours ago.
Alt coins have been outperforming bitcoin...
There is a divergence unfolding with the Nasdaq up 1% but bitcoin now at the lows of the day, down nearly 3%.
Bitcoin had showed some strength early in US trading but couldn't crack $97,500 and sellers have now taken over in a relatively quick drop to $94,500, which is the lowest since...