#Pinetwork is a new #Digitalcurrency developed by Stanford | crypto-life on Binance Square

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#Pinetwork  is a new #Digitalcurrency developed by Stanford PhDs, with over 55 million members worldwide. 
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Price Movement: Bitcoin is currently down by 2.87%, trading at around $66,0001. Despite this dip, BTC has seen significant gains over the past year, up by 135%$BTC Investment Inflows: Bitcoin investment products have seen over $1 billion in inflows recently, as BTC broke through the $65,000 resistance. $BTC Market Sentiment: Analysts are optimistic about Bitcoin’s performance in the upcoming months, with some predicting further gains as we move into October $BTC #BTC #BITCOIN #CRYPTO #CRYPTOCURRENCY

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Analysis of the crypto market and discuss the potential scenarios for Bitcoin $BTC Weekly Chart (BTCUSDT): Bitcoin has broken below the range it maintained for the past 16 weeks. The critical zone to watch is between $45,000 and $51,900.$ If BTC continues to stay below $60,000 on a weekly closing basis, further downside is likely. A drop to the mentioned zone could present a buying opportunity for patient investors. However, if BTC manages to reclaim $60,000 and holds above it, bears might need to reconsider their bias. Daily Chart (BTCUSDT): Despite short-term bounces, the daily chart shows BTC trading below key daily support. The overall bearish sentiment on higher timeframes suggests caution. Until we see a convincing move back above the broken range, I remain bearish. My trading strategy aligns with the weekly consolidation breakdown. Remember, markets can surprise us, so staying adaptable and monitoring price action is crucial. Feel free to share your thoughts, and let’s keep the discussion going! 😊

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