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Bitcoin's Breakout to New Highs Could Be Near, Past Market Cycles Suggest
The top crypto's current correction from the March peak resembles the action of 2016 and 2020 during the previous bull runs, which resolved in new all-time highs in the latter months of the year.
âą$BTC Bitcoin could be heading for a breakout to new record prices, based on previous cycle's price action.
âą Historical data suggests price could potentially rise to $108,000 to $155,000.
Bitcoin (BTC) has been stuck in a grueling, multi-month correction since hitting $73,000 in March, convincing many investors that the market top is already behind.
However, the recent price action resembles the top cryptocurrency's behavior during the previous two market cycles, which eventually resolved to the upside towards the end of the year. This suggests that a breakout to new record prices could happen in the next months.
Despite bitcoin's anemic performance since March, it's still up 290% from its November 2022 market bottom, in line with the previous two bull markets during the same period, Glassnode data shows. At this point in the four-year cycle, BTC advanced 309% during the 2015 to 2018 bull run and 251% in the 2018 to 2022 cycle.
On both occasions, the periods with the steepest rallies came later in the cycle on the way to the market top. If BTC stays within the range of its previous two cycles until the end of the year, it could rise by 600% to 900% from its cycle low, potentially reaching a price between $108,000 to $155,000.
Typical halving year correction #halvinngbitcoin
This year's corrective phase also mirrors the price action of bitcoin's previous two halving years.
BTC reached a mid-cycle peak in 2016 and 2020, followed by months of sideways action to break higher in the latter months of the year, well-followed pseudonymous crypto analyst CryptoCon noted.
The halving event happens automatically every four years and reduces by 50% the issuance of new tokens, which is widely believed to impact bitcoin's supply to create scarcity.
Bitcoin's Breakout to New Highs Could Be Near, Past Market Cycles Suggest
The top crypto's current correction from the March peak resembles the action of 2016 and 2020 during the previous bull runs, which resolved in new all-time highs in the latter months of the year.
âą$BTC Bitcoin could be heading for a breakout to new record prices, based on previous cycle's price action.
âą Historical data suggests price could potentially rise to $108,000 to $155,000.
Bitcoin (BTC) has been stuck in a grueling, multi-month correction since hitting $73,000 in March, convincing many investors that the market top is already behind.
However, the recent price action resembles the top cryptocurrency's behavior during the previous two market cycles, which eventually resolved to the upside towards the end of the year. This suggests that a breakout to new record prices could happen in the next months.
Despite bitcoin's anemic performance since March, it's still up 290% from its November 2022 market bottom, in line with the previous two bull markets during the same period, Glassnode data shows. At this point in the four-year cycle, BTC advanced 309% during the 2015 to 2018 bull run and 251% in the 2018 to 2022 cycle.
On both occasions, the periods with the steepest rallies came later in the cycle on the way to the market top. If BTC stays within the range of its previous two cycles until the end of the year, it could rise by 600% to 900% from its cycle low, potentially reaching a price between $108,000 to $155,000.
Typical halving year correction #halvinngbitcoin
This year's corrective phase also mirrors the price action of bitcoin's previous two halving years.
BTC reached a mid-cycle peak in 2016 and 2020, followed by months of sideways action to break higher in the latter months of the year, well-followed pseudonymous crypto analyst CryptoCon noted.
The halving event happens automatically every four years and reduces by 50% the issuance of new tokens, which is widely believed to impact bitcoin's supply to create scarcity.
Top Performing Blockchains of 2024 So Far: The Standout Networks Driving Innovation
As 2024 progresses, the blockchain space continues to evolve, with certain networks standing out for their performance, innovation, and growing adoption. The blockchain industry has matured significantly, and various platforms have emerged as key players, contributing to the decentralized economy through unique use cases, robust technology, and impressive growth metrics. Hereâs a look at five of the top-performing blockchains of 2024 so far.
1. Ethereum (ETH)
Ethereum remains a dominant force in the blockchain space, and 2024 has been no exception. With the ongoing improvements from the Ethereum 2.0 upgrade, the network has seen major advancements in scalability, energy efficiency, and transaction speed. The proof-of-stake (PoS) consensus mechanism, which was fully implemented in the previous year, has continued to enhance Ethereumâs energy consumption, positioning it as a more eco-friendly blockchain.
The Ethereum ecosystem continues to thrive, hosting the largest number of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and decentralized applications (dApps). The networkâs Layer 2 solutions, like Optimism and Arbitrum, have also driven transaction costs lower, which in turn has attracted even more developers and users to the platform.
As of mid-2024, Ethereum has maintained its place as the most used blockchain in the world, with its Total Value Locked (TVL) in DeFi protocols remaining at the top of the charts, contributing significantly to its market dominance.
$ETH
2. Solana (SOL)
Solana continues to outperform many blockchains in 2024, thanks to its reputation for being one of the fastest and most scalable networks. With a block time of 400 milliseconds and the capacity to process thousands of transactions per second, Solana has been a preferred choice for projects that require high throughput.
In 2024, Solana has particularly excelled in the NFT and gaming sectors, with several leading NFT marketplaces and blockchain-based games choosing Solana due to its low fees and high-speed transactions. This year has also seen the launch of several new Layer 2 solutions on Solana, further increasing its scalability and adoption.
Despite the competition from other networks, Solanaâs robust ecosystem, combined with continued investment in its infrastructure, has made it one of the best-performing blockchains this year.
$SOL
3. Polygon (MATIC)
Polygon, previously known as the "Internet of Blockchains," has made significant strides in 2024, cementing its position as one of the top-performing Layer 2 solutions for Ethereum. Known for providing scalable and efficient blockchain infrastructure, Polygon has attracted several key partnerships in 2024, including major corporations and entertainment brands that have launched their NFT projects and Web3 initiatives on the platform.
One of the key highlights for Polygon in 2024 is the continued development of its zk-rollup technology, which allows the network to process transactions off-chain, improving efficiency and reducing transaction fees. This technology has enabled the Polygon ecosystem to grow even faster, with an increasing number of developers building dApps and DeFi projects on the network.
Polygonâs growing popularity, combined with its ability to provide cost-effective solutions while maintaining Ethereumâs security, has helped the platform see a notable surge in adoption and price appreciation in the first half of 2024.
$POL
4. Avalanche (AVAX)
Avalanche has been a standout performer in 2024, thanks to its continued focus on interoperability, speed, and flexibility. Known for its unique architecture with three different chains â X-Chain, C-Chain, and P-Chain â Avalanche allows developers to tailor the blockchain to their specific needs. This customization has made it a preferred network for a wide range of use cases, from DeFi to enterprise solutions.
In 2024, Avalanche has seen remarkable growth, particularly in the DeFi sector, with several high-profile DeFi projects and decentralized exchanges (DEXs) launching on the platform. Its high throughput and sub-second finality have made it a strong competitor in the crowded blockchain space.
The launch of the Avalanche Warp Messaging (AWM) protocol, which allows seamless communication between Avalanche subnets and other blockchains, has also been a game-changer, further improving the network's performance and adoption.
5. Cosmos (ATOM)
Cosmos, often dubbed the "Internet of Blockchains," has had a stellar performance in 2024. The platformâs focus on interoperability has allowed it to become a key player in connecting various blockchains. With its Inter-Blockchain Communication (IBC) protocol, Cosmos enables different blockchains to communicate and transfer assets seamlessly, making it a crucial piece of the growing multichain ecosystem.
In 2024, Cosmos has gained significant traction due to the rapid expansion of its ecosystem, which now includes dozens of blockchains that rely on Cosmos' security and interoperability features. The number of dApps and projects leveraging IBC has grown, driving more traffic to the Cosmos Hub.
Cosmosâ performance in 2024 has also been boosted by its growing DeFi ecosystem and partnerships with other major blockchains, further establishing its role as a critical infrastructure provider in the broader blockchain industry.
Conclusion
The first half of 2024 has seen impressive developments in the blockchain space, with these five networks â Ethereum, Solana, Polygon, Avalanche, and Cosmos â leading the charge. Each of these blockchains has demonstrated unique strengths, from scalability and interoperability to speed and cost-efficiency, positioning them as key players in the evolving digital economy.
As the year progresses, these blockchains are expected to continue growing, with new updates, integrations, and use cases further driving their adoption. Whether youâre a developer, investor, or user, keeping an eye on these top performers is essential to understanding the future direction of blockchain technology.
#EarnFreeCrypto2024 #Top_Gainers #Market_Update #MarketExperts #CPI_BTC_Watch
1. Ethereum (ETH)
Ethereum remains a dominant force in the blockchain space, and 2024 has been no exception. With the ongoing improvements from the Ethereum 2.0 upgrade, the network has seen major advancements in scalability, energy efficiency, and transaction speed. The proof-of-stake (PoS) consensus mechanism, which was fully implemented in the previous year, has continued to enhance Ethereumâs energy consumption, positioning it as a more eco-friendly blockchain.
The Ethereum ecosystem continues to thrive, hosting the largest number of Decentralized Finance (DeFi) protocols, Non-Fungible Tokens (NFTs), and decentralized applications (dApps). The networkâs Layer 2 solutions, like Optimism and Arbitrum, have also driven transaction costs lower, which in turn has attracted even more developers and users to the platform.
As of mid-2024, Ethereum has maintained its place as the most used blockchain in the world, with its Total Value Locked (TVL) in DeFi protocols remaining at the top of the charts, contributing significantly to its market dominance.
$ETH
2. Solana (SOL)
Solana continues to outperform many blockchains in 2024, thanks to its reputation for being one of the fastest and most scalable networks. With a block time of 400 milliseconds and the capacity to process thousands of transactions per second, Solana has been a preferred choice for projects that require high throughput.
In 2024, Solana has particularly excelled in the NFT and gaming sectors, with several leading NFT marketplaces and blockchain-based games choosing Solana due to its low fees and high-speed transactions. This year has also seen the launch of several new Layer 2 solutions on Solana, further increasing its scalability and adoption.
Despite the competition from other networks, Solanaâs robust ecosystem, combined with continued investment in its infrastructure, has made it one of the best-performing blockchains this year.
$SOL
3. Polygon (MATIC)
Polygon, previously known as the "Internet of Blockchains," has made significant strides in 2024, cementing its position as one of the top-performing Layer 2 solutions for Ethereum. Known for providing scalable and efficient blockchain infrastructure, Polygon has attracted several key partnerships in 2024, including major corporations and entertainment brands that have launched their NFT projects and Web3 initiatives on the platform.
One of the key highlights for Polygon in 2024 is the continued development of its zk-rollup technology, which allows the network to process transactions off-chain, improving efficiency and reducing transaction fees. This technology has enabled the Polygon ecosystem to grow even faster, with an increasing number of developers building dApps and DeFi projects on the network.
Polygonâs growing popularity, combined with its ability to provide cost-effective solutions while maintaining Ethereumâs security, has helped the platform see a notable surge in adoption and price appreciation in the first half of 2024.
$POL
4. Avalanche (AVAX)
Avalanche has been a standout performer in 2024, thanks to its continued focus on interoperability, speed, and flexibility. Known for its unique architecture with three different chains â X-Chain, C-Chain, and P-Chain â Avalanche allows developers to tailor the blockchain to their specific needs. This customization has made it a preferred network for a wide range of use cases, from DeFi to enterprise solutions.
In 2024, Avalanche has seen remarkable growth, particularly in the DeFi sector, with several high-profile DeFi projects and decentralized exchanges (DEXs) launching on the platform. Its high throughput and sub-second finality have made it a strong competitor in the crowded blockchain space.
The launch of the Avalanche Warp Messaging (AWM) protocol, which allows seamless communication between Avalanche subnets and other blockchains, has also been a game-changer, further improving the network's performance and adoption.
5. Cosmos (ATOM)
Cosmos, often dubbed the "Internet of Blockchains," has had a stellar performance in 2024. The platformâs focus on interoperability has allowed it to become a key player in connecting various blockchains. With its Inter-Blockchain Communication (IBC) protocol, Cosmos enables different blockchains to communicate and transfer assets seamlessly, making it a crucial piece of the growing multichain ecosystem.
In 2024, Cosmos has gained significant traction due to the rapid expansion of its ecosystem, which now includes dozens of blockchains that rely on Cosmos' security and interoperability features. The number of dApps and projects leveraging IBC has grown, driving more traffic to the Cosmos Hub.
Cosmosâ performance in 2024 has also been boosted by its growing DeFi ecosystem and partnerships with other major blockchains, further establishing its role as a critical infrastructure provider in the broader blockchain industry.
Conclusion
The first half of 2024 has seen impressive developments in the blockchain space, with these five networks â Ethereum, Solana, Polygon, Avalanche, and Cosmos â leading the charge. Each of these blockchains has demonstrated unique strengths, from scalability and interoperability to speed and cost-efficiency, positioning them as key players in the evolving digital economy.
As the year progresses, these blockchains are expected to continue growing, with new updates, integrations, and use cases further driving their adoption. Whether youâre a developer, investor, or user, keeping an eye on these top performers is essential to understanding the future direction of blockchain technology.
#EarnFreeCrypto2024 #Top_Gainers #Market_Update #MarketExperts #CPI_BTC_Watch
Why Market Going Down Before Rate cut?
There are several reasons why the crypto market may be experiencing a downturn ahead of the anticipated rate cuts:
1. Profit-taking: Investors may be selling their positions to lock in profits before the rate cut, anticipating a potential market correction.
2. Risk aversion: Investors might be shifting assets to safer havens due to global economic uncertainty, geopolitical tensions, or inflation concerns.
3. Overbuying correction: Crypto markets experienced significant rallies in anticipation of rate cuts; a correction is natural after such surges.
4. Technical analysis: Chart patterns and indicators may suggest a short-term downturn, influencing investor decisions.
5. Regulatory uncertainty: Clarity on regulations and policies affecting cryptocurrencies remains uncertain, causing investor caution.
6. Market sentiment: Fear, uncertainty, and doubt (FUD) can spread quickly, driving prices down.
Key Events Influencing Crypto Markets:
1. US Federal Reserve meetings
2. Inflation rate announcements
3. Global economic indicators (GDP, unemployment)
4. Regulatory updates (SEC, IRS)
5. Major crypto project developments (e.g., Ethereum's Merge)
Strategies for Navigating the Downturn:
1. Dollar-cost averaging
2. Diversification
3. Long-term perspective
4. Research and due diligence
5. Rebalancing portfolios
Sources:
1. CoinGecko
2. CoinMarketCap
3. Bloomberg
4. Reuters
5. Crypto.news
#CPI_BTC_Watch #ETH_ETFs_Trading_Today #BinanceTurns7 #MarketExperts
#Market_Update
There are several reasons why the crypto market may be experiencing a downturn ahead of the anticipated rate cuts:
1. Profit-taking: Investors may be selling their positions to lock in profits before the rate cut, anticipating a potential market correction.
2. Risk aversion: Investors might be shifting assets to safer havens due to global economic uncertainty, geopolitical tensions, or inflation concerns.
3. Overbuying correction: Crypto markets experienced significant rallies in anticipation of rate cuts; a correction is natural after such surges.
4. Technical analysis: Chart patterns and indicators may suggest a short-term downturn, influencing investor decisions.
5. Regulatory uncertainty: Clarity on regulations and policies affecting cryptocurrencies remains uncertain, causing investor caution.
6. Market sentiment: Fear, uncertainty, and doubt (FUD) can spread quickly, driving prices down.
Key Events Influencing Crypto Markets:
1. US Federal Reserve meetings
2. Inflation rate announcements
3. Global economic indicators (GDP, unemployment)
4. Regulatory updates (SEC, IRS)
5. Major crypto project developments (e.g., Ethereum's Merge)
Strategies for Navigating the Downturn:
1. Dollar-cost averaging
2. Diversification
3. Long-term perspective
4. Research and due diligence
5. Rebalancing portfolios
Sources:
1. CoinGecko
2. CoinMarketCap
3. Bloomberg
4. Reuters
5. Crypto.news
#CPI_BTC_Watch #ETH_ETFs_Trading_Today #BinanceTurns7 #MarketExperts
#Market_Update
The Rising of $SUI
A market downturn in the cryptocurrency sector can be influenced by a variety of factors, including regulatory changes, macroeconomic trends, technological issues, or shifts in investor sentiment.
# possible causes and strategies to navigate the downturn:
Causes of Crypto Market Drop:
Regulatory Concerns: Governments or regulatory bodies announcing stricter regulations or crackdowns can significantly impact prices.
Macroeconomic Factors: Interest rate changes, inflation, or economic instability can lead to a flight from riskier assets like cryptocurrencies.
Technological Issues: Security breaches, bugs in code, or technological failures can erode investor confidence.
Market Sentiment: Negative news or a shift in investor sentiment can lead to panic selling and a sharp decline in prices.
Strategies to Make the Most Out of a Downturn:
Long-Term Investment: If you believe in the long-term potential of certain cryptocurrencies, downturns can be an opportunity to buy at lower prices.
Diversification: Spread investments across different assets to mitigate risk. This includes diversifying within cryptocurrencies and across other asset classes.
Risk Management: Set stop-loss orders to minimize potential losses and manage your exposure according to your risk tolerance.
Dollar-Cost Averaging (DCA): Invest a fixed amount at regular intervals, regardless of price, to reduce the impact of volatility and avoid trying to time the market.
Research and Analysis: Invest in assets with strong use cases, solid development teams, and good technology.
Exploit Opportunities: Look for opportunities in underperforming assets that have potential for recovery.
Stay Calm: Emotional decision-making can lead to poor investment choices. Stick to your strategy .
By implementing these strategies, investors can better navigate downturns in the crypto market and potentially position themselves for future gains when conditions improve.#MarketDownturn #MarketExperts
# possible causes and strategies to navigate the downturn:
Causes of Crypto Market Drop:
Regulatory Concerns: Governments or regulatory bodies announcing stricter regulations or crackdowns can significantly impact prices.
Macroeconomic Factors: Interest rate changes, inflation, or economic instability can lead to a flight from riskier assets like cryptocurrencies.
Technological Issues: Security breaches, bugs in code, or technological failures can erode investor confidence.
Market Sentiment: Negative news or a shift in investor sentiment can lead to panic selling and a sharp decline in prices.
Strategies to Make the Most Out of a Downturn:
Long-Term Investment: If you believe in the long-term potential of certain cryptocurrencies, downturns can be an opportunity to buy at lower prices.
Diversification: Spread investments across different assets to mitigate risk. This includes diversifying within cryptocurrencies and across other asset classes.
Risk Management: Set stop-loss orders to minimize potential losses and manage your exposure according to your risk tolerance.
Dollar-Cost Averaging (DCA): Invest a fixed amount at regular intervals, regardless of price, to reduce the impact of volatility and avoid trying to time the market.
Research and Analysis: Invest in assets with strong use cases, solid development teams, and good technology.
Exploit Opportunities: Look for opportunities in underperforming assets that have potential for recovery.
Stay Calm: Emotional decision-making can lead to poor investment choices. Stick to your strategy .
By implementing these strategies, investors can better navigate downturns in the crypto market and potentially position themselves for future gains when conditions improve.#MarketDownturn #MarketExperts
This Week's Market Pulse: What to Expect
Here's your Binance post analysis for this week:
*FED Rate Cut Report: What's Next?*
The market is split on the upcoming FED rate cut on September 18th, with a 50% chance of a 0.25% cut and a 50% chance of a 0.50% cut. However, I firmly believe that Jerome Powell will deliver a 0.50% cut, just as I predicted two months ago. A 0.25% cut would be insufficient, considering our current economic state, and would likely lead to another "Blood Monday" market crash [2).
*Market Insight: A Gamble on BTC and Stocks*
In the short term, expect wild volatility and unpredictable market movements. I'm holding my positions in Bitcoin and stocks, but if you haven't positioned yourself yet, be cautious of scam wicks and market manipulation. A 0.50% rate cut could trigger short-term panic, especially with the potential Israel-Lebanon conflict.
*Strategy for the Short Term: Manage Your Risk*
To navigate this uncertainty:
- _Protect your capital_: Set stop-losses at entry to minimize losses.
- _Ride the wave_: If the rate cut triggers a market pump, stick with your existing positions.
- _Buy more when fear peaks_: Take advantage of chaos to purchase more.
*Mid- to Long-Term Outlook*
Despite short-term uncertainty, I remain bullish through Q3 2025. The inevitable flood of money printing will silence any panic, with billions of cash injected into markets for Q4 2024 from FTx Âč. Tether's recent $10 billion print in three months is a testament to this trend [2).
Stay cautious, prioritize risk management, and keep your eyes on the prize!
#BTCâ #prediction #eth #MarketExperts
$BTC $USDC
Here's your Binance post analysis for this week:
*FED Rate Cut Report: What's Next?*
The market is split on the upcoming FED rate cut on September 18th, with a 50% chance of a 0.25% cut and a 50% chance of a 0.50% cut. However, I firmly believe that Jerome Powell will deliver a 0.50% cut, just as I predicted two months ago. A 0.25% cut would be insufficient, considering our current economic state, and would likely lead to another "Blood Monday" market crash [2).
*Market Insight: A Gamble on BTC and Stocks*
In the short term, expect wild volatility and unpredictable market movements. I'm holding my positions in Bitcoin and stocks, but if you haven't positioned yourself yet, be cautious of scam wicks and market manipulation. A 0.50% rate cut could trigger short-term panic, especially with the potential Israel-Lebanon conflict.
*Strategy for the Short Term: Manage Your Risk*
To navigate this uncertainty:
- _Protect your capital_: Set stop-losses at entry to minimize losses.
- _Ride the wave_: If the rate cut triggers a market pump, stick with your existing positions.
- _Buy more when fear peaks_: Take advantage of chaos to purchase more.
*Mid- to Long-Term Outlook*
Despite short-term uncertainty, I remain bullish through Q3 2025. The inevitable flood of money printing will silence any panic, with billions of cash injected into markets for Q4 2024 from FTx Âč. Tether's recent $10 billion print in three months is a testament to this trend [2).
Stay cautious, prioritize risk management, and keep your eyes on the prize!
#BTCâ #prediction #eth #MarketExperts
$BTC $USDC
BTC Price Update:
BTC now going down towards 55k-56k price zone, but most important thing is that the recent price bullish was testing or foke pump?
We have some news, Donald trump recent crypto bill make good impact on crypto, if trump wins then we would seen 90k+, but we need some good news for crypto, if today buyers trade a big amont and whales help to make btc price up then we have next zone 64k-66k (It's looking difficult), but if whales still sleeping and authorities increase more supply of btc against voulme then we have definitely seen a strong bearish movement and price could reach again 55k zone which was not good for other alt coins and meme coins.
15min price chart some bullish movement but, 1h, 4h, 1day price chart shows strong bearish movement. So becareful....
So dear fellows, just wait for 4-6 hours for clear picture of market and then invest your money accordingly.
Before this we have some coins i.e Sui for investment and make some profit, otherwise wait.
#BinanceTurns7 #BTCâ #priceupdate #MarketExperts #DOGSONBINANCE $BTC
$BNB
BTC now going down towards 55k-56k price zone, but most important thing is that the recent price bullish was testing or foke pump?
We have some news, Donald trump recent crypto bill make good impact on crypto, if trump wins then we would seen 90k+, but we need some good news for crypto, if today buyers trade a big amont and whales help to make btc price up then we have next zone 64k-66k (It's looking difficult), but if whales still sleeping and authorities increase more supply of btc against voulme then we have definitely seen a strong bearish movement and price could reach again 55k zone which was not good for other alt coins and meme coins.
15min price chart some bullish movement but, 1h, 4h, 1day price chart shows strong bearish movement. So becareful....
So dear fellows, just wait for 4-6 hours for clear picture of market and then invest your money accordingly.
Before this we have some coins i.e Sui for investment and make some profit, otherwise wait.
#BinanceTurns7 #BTCâ #priceupdate #MarketExperts #DOGSONBINANCE $BTC
$BNB
$BTC Here's my own analysis:
*Bitcoin Today Analysis*
Bitcoin's price is showing a positive trend, with a potential breakout above $60,000. The cryptocurrency has gained 6% this week, successfully testing the $56,000 support level. This upward momentum is driven by:
- Increased investment in US-listed Bitcoin ETFs
- Decreasing Bitcoin supply on exchanges
- Positive market sentiment
*Technical Indicators*
- Moving Averages: Neutral, with a slight bullish bias
- Oscillators: Neutral, with a hint of bullish momentum
- Support and Resistance: Key levels at $56,000, $60,000, and $65,000
*Market Outlook*
- Short-term: Bullish, with potential for further gains
- Mid-term: Neutral, with a possibility of consolidation
- Long-term: Bullish, with a target of $80,000
*Risks and Considerations*
- Global economic uncertainty
- Regulatory changes
- Market volatility
Please note that this analysis is for informational purposes only and should not be considered investment advice. Always conduct your own research and consider multiple sources before making investment decisions.
#Write2Earn! #BTCâ #BitcoinTherapist #MarketExperts
*Bitcoin Today Analysis*
Bitcoin's price is showing a positive trend, with a potential breakout above $60,000. The cryptocurrency has gained 6% this week, successfully testing the $56,000 support level. This upward momentum is driven by:
- Increased investment in US-listed Bitcoin ETFs
- Decreasing Bitcoin supply on exchanges
- Positive market sentiment
*Technical Indicators*
- Moving Averages: Neutral, with a slight bullish bias
- Oscillators: Neutral, with a hint of bullish momentum
- Support and Resistance: Key levels at $56,000, $60,000, and $65,000
*Market Outlook*
- Short-term: Bullish, with potential for further gains
- Mid-term: Neutral, with a possibility of consolidation
- Long-term: Bullish, with a target of $80,000
*Risks and Considerations*
- Global economic uncertainty
- Regulatory changes
- Market volatility
Please note that this analysis is for informational purposes only and should not be considered investment advice. Always conduct your own research and consider multiple sources before making investment decisions.
#Write2Earn! #BTCâ #BitcoinTherapist #MarketExperts
Bitcoin market as expected arrived at the 60,000 mark, we first analyze the price trend, the current four-hour pattern shows a clear upward trend, especially from September 11 began a series of positive lines.
13 and 14 formed a longer upper shadow, showing that there is a certain amount of throwing pressure at the high level, technical indicators: MACD: MACD fast and slow lines are upward dispersion, and the histogram is positive, indicating that the current market is in a RSI: RSI is currently around 68, close to the overbought area, but has not yet entered the extreme overbought state, there is still room for further gains.
EMA: Short-term EMA7 Medium-term EMA30 Long-term EMA120, the long alignment is clear and support is strong.
The high level showed some signs of volume stagnation, need to be alert to the risk of a possible retracement.
#Bitcoinâ #Market_Update #BinanceTurns7
#MarketExperts #bitcoinâïž
13 and 14 formed a longer upper shadow, showing that there is a certain amount of throwing pressure at the high level, technical indicators: MACD: MACD fast and slow lines are upward dispersion, and the histogram is positive, indicating that the current market is in a RSI: RSI is currently around 68, close to the overbought area, but has not yet entered the extreme overbought state, there is still room for further gains.
EMA: Short-term EMA7 Medium-term EMA30 Long-term EMA120, the long alignment is clear and support is strong.
The high level showed some signs of volume stagnation, need to be alert to the risk of a possible retracement.
#Bitcoinâ #Market_Update #BinanceTurns7
#MarketExperts #bitcoinâïž
SuperRare (RARE) is showing strong bullish momentum lately. The token has surged in price by around 36% over the past three months, with a 4.61% increase in just the last 24 hours. Over the past year, SuperRare's price has climbed over 86%, significantly outperforming the market, including Bitcoin and Ethereum.
The RARE token is trading within an ascending channel, and technical indicators suggest it could break through resistance at $0.2718 if the momentum continues. Analysts are optimistic about SuperRare's potential, predicting it could reach up to $0.3458 in the near term, though there is some caution if it fails to hold key support levels.
Additionally, SuperRare has gained significant attention on social media, with increasing bullish sentiment and higher engagement. The NFT art platform backing the token has been growing, contributing to this optimism.
If you are considering an entry, it might be wise to monitor price action closely, especially around resistance levels.
$RARE
#RAREBULLISH #MarketExperts
The RARE token is trading within an ascending channel, and technical indicators suggest it could break through resistance at $0.2718 if the momentum continues. Analysts are optimistic about SuperRare's potential, predicting it could reach up to $0.3458 in the near term, though there is some caution if it fails to hold key support levels.
Additionally, SuperRare has gained significant attention on social media, with increasing bullish sentiment and higher engagement. The NFT art platform backing the token has been growing, contributing to this optimism.
If you are considering an entry, it might be wise to monitor price action closely, especially around resistance levels.
$RARE
#RAREBULLISH #MarketExperts
Rep. Torres 'happy' to help CFTC in regulating election betting contracts #CFTCInsights
New York Congressman Ritchie Torres stated he is "more than happy" to work with the CFTC to develop a plan for regulating election betting contracts in the United States.
$BTC
New York Congressman Ritchie Torres argued that instead of trying to ban election betting contracts, United States regulators should focus on regulating these contracts to prevent bad actors from gaining market share.
$ETH
âI would ask that the Commission consider working toward a plan for regulating these markets, rather than preventing them from existing in regulated markets,â Torres wrote in a recent letter to the US Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam, shared by Politico.
Torres extends hand to help with regulations
#RegulatoryOverreach
The crypto-friendly democrat argued that the regulator should âfocus its energies and resources on promoting the responsible innovation for which our financial markets are known.â
$SOL
âI am more than happy to work with the CFTC to provide the resources needed and to address any concerns together,â Torres declared.
He believes that the CFTCâs effort and resources spent fighting to ban election betting contracts through âfurther court challengesâ could ultimately cause âbroader harmâ by delaying work on regulations crucial for election integrity and consumer protection. He noted:
âDelays could allow illegal and unregulated markets to continue gaining market share.â
Torres suggested that the CFTC would be more effective if it collaborated with âregulated registrantsâ to strengthen election integrity and âprotect consumers from the dangers posed by the widespread adoption of illegal and unregulated election markets.âÂ
Cameron Winklevoss supports decentralized prediction markets #MarketExperts
It comes not long after Gemini co-founder Cameron Winklevoss echoed a similar sentiment that the CFTC should avoid banning event contracts on decentralized prediction markets.
New York Congressman Ritchie Torres stated he is "more than happy" to work with the CFTC to develop a plan for regulating election betting contracts in the United States.
$BTC
New York Congressman Ritchie Torres argued that instead of trying to ban election betting contracts, United States regulators should focus on regulating these contracts to prevent bad actors from gaining market share.
$ETH
âI would ask that the Commission consider working toward a plan for regulating these markets, rather than preventing them from existing in regulated markets,â Torres wrote in a recent letter to the US Commodity Futures Trading Commission (CFTC) chairman Rostin Behnam, shared by Politico.
Torres extends hand to help with regulations
#RegulatoryOverreach
The crypto-friendly democrat argued that the regulator should âfocus its energies and resources on promoting the responsible innovation for which our financial markets are known.â
$SOL
âI am more than happy to work with the CFTC to provide the resources needed and to address any concerns together,â Torres declared.
He believes that the CFTCâs effort and resources spent fighting to ban election betting contracts through âfurther court challengesâ could ultimately cause âbroader harmâ by delaying work on regulations crucial for election integrity and consumer protection. He noted:
âDelays could allow illegal and unregulated markets to continue gaining market share.â
Torres suggested that the CFTC would be more effective if it collaborated with âregulated registrantsâ to strengthen election integrity and âprotect consumers from the dangers posed by the widespread adoption of illegal and unregulated election markets.âÂ
Cameron Winklevoss supports decentralized prediction markets #MarketExperts
It comes not long after Gemini co-founder Cameron Winklevoss echoed a similar sentiment that the CFTC should avoid banning event contracts on decentralized prediction markets.
hey everyone !
if you guys are willing to take a short trade on btc so just hold it for now and wait one more day if the daily candle closes above 61K then btc is bullish if it won't then just take a small short trade. my current short is running from 60,319
#BTCâ #MarketExperts #MarketUpdates" #freesignalcrypto
if you guys are willing to take a short trade on btc so just hold it for now and wait one more day if the daily candle closes above 61K then btc is bullish if it won't then just take a small short trade. my current short is running from 60,319
#BTCâ #MarketExperts #MarketUpdates" #freesignalcrypto
Watch Bitcoin crack $79,000 before moving higher: Gary Cardone
Gary cardone discussion in yahoo finance about $BTC
The potential future of bitcoinâs price and market dominance was the central theme of a recent discussion. The conversation explored bitcoin's prospects for reaching new highs by the end of the year and whether it could fall below $40,000.
Roundtable anchor, Rob Nelson, led the discussion, with Gary Cardone of Cardone Digital Ventures, offering his outlook on bitcoinâs growth and its position in the global financial landscape.
"I think we've seen the low at the $49,000 range. It bounced hard off that," Gary Cardone stated when asked if bitcoin might drop below $40,000. He emphasized bitcoinâs significant growth over the past year, saying, "16,000 was last year's summer price, we've moved a lot."
He concluded by predicting bitcoin's price would need to break the old all-time high before accelerating and taking bitcoinâs dominance to the high seventies, calling it an "extremely positive" development for the cryptocurrency.
you are lucky if you are part of crypto early, still now a days if you are new, you are early in crypto, real fun is yet to come
#Market_Update #MarketExperts #CryptoNewss #dogs
Gary cardone discussion in yahoo finance about $BTC
The potential future of bitcoinâs price and market dominance was the central theme of a recent discussion. The conversation explored bitcoin's prospects for reaching new highs by the end of the year and whether it could fall below $40,000.
Roundtable anchor, Rob Nelson, led the discussion, with Gary Cardone of Cardone Digital Ventures, offering his outlook on bitcoinâs growth and its position in the global financial landscape.
"I think we've seen the low at the $49,000 range. It bounced hard off that," Gary Cardone stated when asked if bitcoin might drop below $40,000. He emphasized bitcoinâs significant growth over the past year, saying, "16,000 was last year's summer price, we've moved a lot."
He concluded by predicting bitcoin's price would need to break the old all-time high before accelerating and taking bitcoinâs dominance to the high seventies, calling it an "extremely positive" development for the cryptocurrency.
you are lucky if you are part of crypto early, still now a days if you are new, you are early in crypto, real fun is yet to come
#Market_Update #MarketExperts #CryptoNewss #dogs
Big Heart Attack From $LOKA
I told you everyone It jump into the sky likes Kangaroo đŠđŠ
#HeartAttack
#MarketExperts
#Marketupdater
I told you everyone It jump into the sky likes Kangaroo đŠđŠ
#HeartAttack
#MarketExperts
#Marketupdater
As my analysis ,,,
NOT Coin In hot mood right now..
Come first , trade first for future pump.
its will be gain his position in expect 3_4 days $NOT $BTC
#MarketExperts
#Marketupdater
NOT Coin In hot mood right now..
Come first , trade first for future pump.
its will be gain his position in expect 3_4 days $NOT $BTC
#MarketExperts
#Marketupdater
Market Overview
BTC: $56,745
ETH: $2,342
Fear/Greed Index: 37 (fear)
BTC.D (Bitcoin Dominance): 57.24%
As we anticipated, Bitcoin didnât manage to rise significantly, and now the next target for us is $52-53k. After that, we will likely see a small bounce, followed by unfavorable news regarding Federal Reserve interest rates, which could lead to a drop below $50k.
This scenario seems most likely to me, but as with any trader, I could be wrong.
Yesterday's debates were somewhat of a disappointment for crypto enthusiasts, as the candidates completely ignored the topic. Some are linking the current market drop to the fact that, according to a CNN poll, Kamala won the debate. I think that even that Trump and Harris didnât discuss crypto might have affected the market.
#Market_Update
#BTCâ
#MarketExperts
#looz_crypto
BTC: $56,745
ETH: $2,342
Fear/Greed Index: 37 (fear)
BTC.D (Bitcoin Dominance): 57.24%
As we anticipated, Bitcoin didnât manage to rise significantly, and now the next target for us is $52-53k. After that, we will likely see a small bounce, followed by unfavorable news regarding Federal Reserve interest rates, which could lead to a drop below $50k.
This scenario seems most likely to me, but as with any trader, I could be wrong.
Yesterday's debates were somewhat of a disappointment for crypto enthusiasts, as the candidates completely ignored the topic. Some are linking the current market drop to the fact that, according to a CNN poll, Kamala won the debate. I think that even that Trump and Harris didnât discuss crypto might have affected the market.
#Market_Update
#BTCâ
#MarketExperts
#looz_crypto
$BNB as per #sha007 teams statistical analysis, bnb try to recover but due to huge liquidity, bouncing again, so there is a massive downfall expecting in coming hours. be care and try to take profit as much.
#CryptoMarketMoves #BinanceBlockchainWeek #MarketExperts #BinanceSquareFamily
#CryptoMarketMoves #BinanceBlockchainWeek #MarketExperts #BinanceSquareFamily
Progress on the Roadmap #RoadMap2024
Solanaâs roadmap is focused on improving scalability, security, and ecosystem growth. Recent updates include enhancements to its proof-of-history consensus and the introduction of new tools for developers.
Partnerships and Integrations #solanaValidators
Solanaâs standing in the market has been enhanced through strategic partnerships with major tech and cryptocurrency firms. Its integrations with platforms like Serum and collaborations with Chainlink have broadened its applications in DeFi and smart contracts.
Additionally, partnerships with payment leaders like Visa and PayPal highlight a growing acceptance of blockchain for everyday transactions. By connecting with companies handling trillions in global payments, Solana positions itself as a blockchain with real-world uses that could transform traditional finance.
Community and Market Sentiment #MarketExperts
The community and market sentiment play a significant role in Solanaâs price movements. The strength of its community is evident from its active participation in governance, development, and promotional activities.Â
The Strength of the Community $SOL
Solanaâs community is one of its biggest assets, with a global network of developers, investors, and enthusiasts who actively contribute to its growth
The Impact of Sentiment on Price
Solanaâs price has largely increased due to its development and uptake. The platform is a favorite among developers because of its capacity to manage large throughput with low transaction costs. As a result, Solana is now more useful and in more demand due to the spike in projects and apps built on it.
Competition and Market Trends
Solana faces stiff competition in the blockchain space from Ethereum, Binance Smart Chain (BSC), and Cardano. Ethereum leads in smart contracts with higher fees, while BSC attracts users with lower fees but is criticized for centralization. Cardano focuses on security and research, though its ecosystem lags behind Ethereumâs and Solanaâs. Solanaâs technical innovations.
Solanaâs roadmap is focused on improving scalability, security, and ecosystem growth. Recent updates include enhancements to its proof-of-history consensus and the introduction of new tools for developers.
Partnerships and Integrations #solanaValidators
Solanaâs standing in the market has been enhanced through strategic partnerships with major tech and cryptocurrency firms. Its integrations with platforms like Serum and collaborations with Chainlink have broadened its applications in DeFi and smart contracts.
Additionally, partnerships with payment leaders like Visa and PayPal highlight a growing acceptance of blockchain for everyday transactions. By connecting with companies handling trillions in global payments, Solana positions itself as a blockchain with real-world uses that could transform traditional finance.
Community and Market Sentiment #MarketExperts
The community and market sentiment play a significant role in Solanaâs price movements. The strength of its community is evident from its active participation in governance, development, and promotional activities.Â
The Strength of the Community $SOL
Solanaâs community is one of its biggest assets, with a global network of developers, investors, and enthusiasts who actively contribute to its growth
The Impact of Sentiment on Price
Solanaâs price has largely increased due to its development and uptake. The platform is a favorite among developers because of its capacity to manage large throughput with low transaction costs. As a result, Solana is now more useful and in more demand due to the spike in projects and apps built on it.
Competition and Market Trends
Solana faces stiff competition in the blockchain space from Ethereum, Binance Smart Chain (BSC), and Cardano. Ethereum leads in smart contracts with higher fees, while BSC attracts users with lower fees but is criticized for centralization. Cardano focuses on security and research, though its ecosystem lags behind Ethereumâs and Solanaâs. Solanaâs technical innovations.
