VeChain Price Action: Minor Corrections, Bullish Long-Term VET Trend Unshaken
An analyst has clarified that the struggling VeChain (VET) market is just a natural fluctuation that precedes a bull run. Meanwhile, another analyst anticipates a surge to $1 once it successfully imitates the previous cycle. VeChain (VET) was recently affected by the broad market pullback, declining to below $0.23 in a dramatic movement. However, the asset has taken a rebound of 0.5% in the last 24 hours to trade at $0.022. According to our market data, VET is still down by 7.6% in the last 30
$BTC $ETH $BNB Table of Contents What are Analysts Saying About Bitcoin’s Future?What Could TAO Coin’s Performance Reveal? You can also read this news on BH NEWS: Experts Predict Bitcoin’s Price Surge Ahead Current insights from cryptocurrency experts reveal intriguing forecasts for Bitcoin and other altcoins, sparking interest among investors. With Bitcoin’s price hovering around $67,490, analysts share their views on potential movements in the market, offering valuable persp
Top 10 Events That Could Affect Bitcoin Price Trajectory This Week: October 21-25
Table of Contents Key PointsTop 10 Events Potentially Affecting BTC PriceBitcoin Is Trading Above $68,000Crypto Market Outlook Key Points Important economic events this week ahead of the US elections could affect Bitcoin’s trajectory.BTC is currently trading above $68,000, after earlier surpassing $69,000. Multiple economic events of the current week could affect Bitcoin and the crypto market’s trajectory, less than 3 weeks ahead of the important US elections. Top 10 Events Potentially Affecting
Based on the chart, here are the identified support and resistance levels for intraday trading:
Strong Resistance Levels:
1. $69,490 - This is the highest point in the recent uptrend, a significant resistance level. If Bitcoin breaks above this, it could rally toward new highs.
2. $68,400 - $68,500 - Currently, Bitcoin is testing this area, which has shown resistance multiple times in the past. Watch for a break above this level for long trades.
Strong Support Levels:
1. $64,000 - A strong support level, tested multiple times in the chart. If Bitcoin drops to this range, it could present a buying opportunity.
2. $58,400 - $59,000 - This zone held multiple times and served as a key pivot area. A break below could indicate further downward movement.
Intraday Trading Strategy (Spot Trading):
Entry (Long Position): Consider entering around $64,000 - $64,500 if Bitcoin corrects to this level, as it has served as a solid support point.
Exit: Look to exit around the $68,000 - $69,000 range, given its strong resistance history.
Intraday Trading Strategy (Futures Trading):
For Long Positions: If the price breaks above $68,500, enter a long position, aiming for $69,500+. Ensure tight stop-loss just below $68,000.
For Short Positions: If Bitcoin fails to break $68,500, a short trade could be initiated with a target around $64,000, using a stop-loss around $68,600.
Key Considerations:
Trend Confirmation: Always confirm momentum with indicators like RSI or volume before entering a position.
Market Sentiment: Watch for any news or developments that may impact Bitcoin's price, as large moves can be triggered by sentiment shifts.
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Next Cryptocurrency to Explode, October 20 — ApeCoin, Raydium, Filecoin, Immutable
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Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify the next cryptocurrencies to explode and inform investors and traders about each token. Also inclu
Did HBO solve the mystery of bitcoin creator Satoshi Nakmoto????
For the last 15 years, the mystery around Satoshi Nakamoto has fascinated the world. Journalists, bloggers, and filmmakers have tried to unmask the person or group behind the pseudonym. The latest effort comes from HBO’s “Money Electric: The Bitcoin Mystery”.
This article explores the theories, and lasting intrigue surrounding Satoshi Nakamoto and what it means for Bitcoin's future trajectory.
Money Electric: The Bitcoin Mystery The HBO documentary “Money Electric: The Bitcoin Mystery” premier
Dollar riding turns of ' Trump Trade' But gains likley be fleeting.
The dollar has enjoyed a boost from the return of the "Trump trade" as Republican presidential candidate Donald Trump's chances of returning to the White House appear to be on the up, but UBS believes stronger rallies should be sold as Trump isn't an outright positive for the greenback.
"We continue to expect a dollar bounce in case of a Trump victory. However, we don't see Trump as outright USD-positive over the medium term and therefore advise selling stronger dollar-rallies," UBS said in a n
Bitcoin’s price fell slightly on Thursday, but remained around three-month highs as speculation over a second Trump presidency, friendlier regulation and improved capital inflows boosted cryptocurrency markets over the past week. Bitcoin slipped 1% to $67,123.0 by 09:53 ET (13:53 GMT), after briefly breaching $68,000 earlier this week. The token had broken reliably out of a tight $50,000 to $65,000 trading range seen through most of the year. Broader cryptocurrency pric