🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥

Short-term (by end of 2023): 🤏
- Bitcoin to rise from $30,000 to $40,000.
- Factors: Institutional accumulation, positive ecosystem developments, limited downside.

Short-term (early 2024): 🔼
- Bitcoin to reach $50,000-$60,000 pre-halving in April 2024.
- Factors: Halving anticipation, retail investor demand, potential short squeeze.

Medium-term (around 2025): 👀🐮
- Bitcoin ATH $100,000-$150,000.
- Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.

Long-term (post-ATH, possibly end of 2025): 🐻
- Bitcoin to consolidate around $40,000-$50,000.
- Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.

What you think, let me know in the comments... 🔥🔥😍😍😍

**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.

$BTC #CryptoTalks #crypto #BinanceSquare #BinanceTournament

🐕🐾🔥 Shiba Inu: $100 to $1.6 Billions

If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀

Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens.
The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀

This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥

Here is a table that summarizes your investment:🐮🐮🐮

Investment Purchase price Sale price Profit
$100 in SHIB $0.000000000056 $0.00008845 $1.6 billion

Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB

#crypto #BinanceSquare #TrendingTopic

💥💥💥 Ethereum ($ETH ) Critical Price Level Reached, $XRP Catastrophic Retrace, Will It See $0.40? Is Solana ($SOL ) $150 Run Officially Over?

Ethereum's Critical Price Levels

Ethereum has recently fallen below the 0.4 BTC ratio, a critical point not seen in over three years. The absence of solid support levels indicates a risky situation for ETH:

1. $2,100: Immediate short-term support. A drop below this could trigger stronger selling pressure.

2. $1,800: Significant support if the decline continues. Losing this level could accelerate the downtrend.

3. $1,500: A major support not seen since early 2021.

A drop to this point would signal a severe market correction.
Ethereum’s current instability highlights the importance of monitoring these key levels for potential reversals.

XRP's Weak Performance

XRP faced resistance at $0.59, with a recent rejection preventing a breakout above $0.60. Key support levels are:

- $0.55: Potential reversal point.

- $0.52: Next critical support if $0.55 fails. A drop below could push XRP towards $0.50.

Bullish Scenario: If XRP finds support and breaks above $0.59, it could rally towards $0.65.

Solana's Resistance and Support

Solana struggles with resistance near the $150 mark and the 200-day EMA. Key levels to watch:

- Resistance: $145-$150. A breakout above could lead to $160-$170.

Support:

- $125: Critical support. A drop below could indicate increased selling pressure.

- $115: Next major support if $125 fails.

- 100 EMA ($139): A move above could signal a regain of bullish momentum.

In summary, Ethereum, XRP, and Solana are all facing critical levels and resistance that will influence their short-term price movements. Investors should monitor these zones closely for signs of reversal or further declines.

Source - u.today

#CryptoNewsCommunity #BinanceSquareBTC #CryptoMarketTrend

💥💥💥 #EthereumFutures See Lowest Funding Rates of 2024, Indicating Bearish Outlook

The crypto market has been showing mixed sentiment, and Ethereum ($ETH) is no exception. According to renowned CryptoQuant analyst ShayanBTC, Ethereum’s futures market is signaling significant pessimism, with funding rates hitting their lowest levels in terms of the 50-day moving average this year. The analyst shared an in-depth report analyzing the current situation.

Declining Ethereum Futures Funding Rates Raise Concerns
#ShayanBTC emphasized that the drop in funding rates is a crucial indicator of traders’ positioning in the perpetual futures market, raising concerns about $ETH’s short-term price movement. In perpetual futures, funding rates are used to balance the demand between long and short positions. When funding rates rise, it signals traders’ preference for long positions, while falling rates suggest a shift toward aggressive short-selling.

Currently, declining funding rates indicate that short sellers dominate the market, betting on Ethereum’s price decline. Meanwhile, buyers show little interest in counteracting this pressure.

#Ethereum's 50-day moving average for funding rates provides a broader view of short-term fluctuations. It has been steadily falling in recent weeks, reaching new lows in 2024, further emphasizing the bearish sentiment. Few traders are willing to place market orders to buy, contributing to downward pressure on Ethereum's price as it struggles to find support.

For Ethereum to recover, there needs to be a rise in demand for perpetual futures, signaling renewed buying interest. Without this shift, $ETH could face further price declines.

Potential for a Turnaround Amid #BEARISH📉 Sentiment

While many traders continue to bet on further price drops, this pessimism could signal a potential turnaround. Much depends on whether buyers step in to stabilize the price. In the unpredictable world of crypto, unexpected reversals are always a possibility.

Source - blockchainreporter.net

#BinanceSquareTrends

😳😳😳 #Ripple💰 Chairman #ChrisLarsen Moves 50M $XRP for the First Time in 11 Years

In a recent development, a significant XRP transaction marked the first major outbound transfer from a long-dormant #wallet🔥 since its creation. This wallet, established during the early days of the XRP Ledger (XRPL) and funded with a massive 500 million XRP in February 2013, is linked to Ripple Chairman Chris Larsen.

Since its inception, the wallet remained largely inactive, with only 1 XRP transferred out in December 2017. However, whale tracking resource Whale Alert flagged a large outflow from the wallet last night, drawing attention.

Details of the XRP Transaction

- According to on-chain data, the transaction took place on September 16 at 23:17 UTC, involving exactly 50 million XRP, worth $29.12 million at the time. The funds were moved to an unknown wallet address, starting with "rao…gzS," created specifically for this transfer.

- Given the wallet’s inactivity and the size of the transaction, speculation initially swirled about a possible hack. However, sources from The Crypto Basic confirmed that this was unlikely.
It’s worth noting that similar movements occurred in February, when another wallet associated with Larsen was hacked, resulting in the theft of over 212 million XRP. However, in this case, on-chain data suggests the transfer was likely authorized by Larsen himself.

Internal Fund Movement

- The sending wallet was responsible for activating the recipient address ("rao…gzS") with 10 XRP at 23:11 before transferring 50 million XRP shortly after. As of now, the recipient wallet is holding the funds, easing concerns of a security breach.

- The purpose of the transfer remains unclear, sparking speculation, with some jokingly suggesting it might support Kamala Harris' presidential campaign, as Ripple's Larsen publicly endorsed her, along with Uphold's J.P. Theriot. However, this remains speculative.

Source - thecryptobasic.com

#CryptoMarketTrend #BinanceSquareTalks

💥💥💥 Why Crypto Market is #crashing ?

Crypto Market Turns Bearish Amid Election Uncertainty and FOMC Meeting

Rising uncertainty, including U.S. election turmoil, an attempted assassination on Donald Trump, and the upcoming Federal Open Market Committee (FOMC) meeting, has caused the crypto market to drop. Bitcoin fell below $60K, Ethereum under $2,400, and XRP below $0.60, with overall market cap decreasing from $2.1 trillion to $2.03 trillion.

#BitcoinVolatility

Bitcoin dropped amid fears of the first rate cut since 2020. Analysts note Bitcoin holding above $58,500 as key to avoiding further downside. A $35 million liquidation hit longs, and sideway movement is expected around $59,000 until the FOMC decision, with hopes for a 50 bps cut to fuel a rally.

Ethereum's Struggles

Ethereum dropped below $2,300 due to whale activity, with analysts warning of a potential fall to $1,800 if support fails. $ETH has declined 6% in 24 hours.

Altcoin Reactions

Altcoins also fell:

-$XRP : $0.572 (-23.16% in volume)

- Solana: $131.01 (-3.82%)

- #Dogecoin‬⁩ : $0.1017 (-2.84%)

The global crypto market cap dropped 2.9% to $2.04 trillion, with investor caution ahead of the FOMC meeting. Rebound hopes remain by month-end, but sentiment is cautious.

Source - coinpedia.org

#CryptoMarketTrend #BinanceSquareBTC

#Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit

Peter Thiel Warns #USEconomy Nearing Recession Without Massive Government Spending

Tech billionaire Peter Thiel believes the US economy would already be in a recession if not for extensive government intervention. Speaking at the All-In Summit 2024 alongside fellow billionaire Chamath Palihapitiya, Thiel emphasized that while an economic downturn is on the horizon, it is being delayed by heavy government spending.

Thiel expressed concerns that this stimulus-driven economic support is unsustainable, pointing to "crazy" budget deficits as a major issue.

“I suspect we’re close to a recession. I’ve felt this way for a while, but it’s being prevented by massive government spending. In May 2023, the deficit projection for fiscal year 2024 (October 2023 to September 2024) was around $1.5 to $1.6 trillion. Now, it looks like it will be $400 billion higher…
A massive deficit was expected, but it’s far worse. If we hadn’t found another $400 billion to add to this deficit – at the peak of the economic cycle, when deficits should be reduced, not increased – the situation would be much shakier.

We have too much debt and insufficient sustainable growth.”

According to data from the Congressional Budget Office (CBO), the US government recorded a $1.9 trillion budget deficit during the first 11 months of fiscal year 2024, reflecting a $373 billion increase compared to the previous year. Additionally, the US national debt has surged to a record $35.273 trillion, per the Treasury Department.

Source - dailyhodl.com

💥💥💥 $XRP Targets $0.7231 as #Robinhood Relisting Fuels Triangle Breakout Chances

#Altcoinmarket Pauses as Bitcoin Holds at $58,700: Will XRP Breakout?

- The altcoin market enters a period of consolidation, with Bitcoin stabilizing near $58,700. Among altcoins, XRP is seeing notable shifts, driven by Grayscale's new fund launch and Robinhood's decision to relist the token.

XRP at a Critical Point: Is a Breakout Imminent?

- On the daily chart, XRP's recent price surge met resistance, marking the sixth bearish reversal from the long-standing resistance trendline. On Sunday, XRP dropped 4.38%, erasing Saturday's 4.13% gain, forming a bearish engulfing pattern. Currently, XRP is trading near $0.5728, with an intraday gain of 0.45%, while its 24-hour low sits at $0.5599.

XRP Price Analysis:

- The 50-day EMA supports the current price action, while the 50, 100, and 200-day EMAs are close to aligning bullishly as the recovery gains traction. Additionally, the MACD's bullish crossover and increasing histogram show rising momentum.

Bullish Developments: Robinhood Relists XRP, Grayscale Launches XRP Fund

- XRP's relisting on Robinhood has sparked optimism for a recovery rally. Despite Grayscale's new XRP fund, the token struggles to break its overhead trendline, indicating that news alone may not trigger a breakout.

XRP Price Targets:

- Currently, XRP is trading within a triangle pattern and testing the 50% Fibonacci retracement level at $0.57141. The next upside target is $0.65821, representing the 78.60% Fibonacci level, while downside support is near $0.49128, below the key $0.50 mark at the 23.60% Fibonacci level.

If XRP breaks higher, it could target the 100% Fibonacci level at $0.7231, its highest since March 11. On the downside, maintaining the 200-day EMA at $0.5490 is key to sustaining the uptrend before potentially dropping to trendline support.

Source - thecryptobasic.com

#cryptotrend2024 #BinanceSquareTalks #CryptoNewsCommunity

💥💥💥 Base #DeFiProject disappears after #RugPull

BaseBros Fi Disappears After Orchestrating Rug Pull on Base Blockchain

- BaseBros Fi, a decentralized finance (DeFi) yield optimization protocol on the Base blockchain, vanished from the internet after allegedly stealing users' funds through an unaudited smart contract.

- On September 13, BaseBros deleted its official website and removed its social media presence, including its accounts on X (formerly Twitter) and Telegram. Blockchain security firm Chain Audits, which had previously reviewed some of BaseBros' contracts, revealed that the platform executed a rug pull through an "unaudited and unverified Vault contract."

- BaseBros had garnered a following of roughly 2,000 users on X and 3,300 members on Telegram before it disappeared.

Rug Pull Exploited Vulnerable #smartcontract

- Chain Audits reported that it had reviewed four of the five smart contracts used by BaseBros, but the contract responsible for the rug pull—called the Vault contract—was not included in the audit scope. This contract contained a backdoor vulnerability that allowed the project's owners to siphon funds from the 'Strategy' contract.

No Impact on Seamless Protocol

- The rug pull initially raised concerns about the Seamless protocol due to similarities in contract labeling, but blockchain investigator Cyvers clarified that only BaseBros was affected. The attacker funneled $130,000 worth of stolen funds through Tornado Cash, a crypto mixing service.

- Seamless reassured users that their funds were safe following an internal investigation into the BaseBros incident. Chain Audits confirmed that only BaseBros was affected, with funds drained from multiple pools.

Hackers Celebrate DeFi Exploits

- The hacker behind the $27 million Penpie DeFi hack received praise from the Euler Finance attacker, who called it a rare and impressive hack. The Euler hacker, who had returned 90% of the $195 million stolen for legal immunity and a 10% reward, congratulated the Penpie hacker in an on-chain message.

Source - cointelegraph.com

💥💥💥 #EthereumPrice Nosedives Over 5%, Pressure Mounts on Bulls

Ethereum Price Drops Over 5%, Eyes Further Decline Toward $2,120

- Ethereum has seen a significant decline of over 5%, breaking below $2,350 and signaling increased selling pressure. The cryptocurrency may continue to drop toward the $2,120 support level if it fails to regain momentum.

Ethereum Price Faces Selling Pressure

- Ethereum attempted to clear the $2,450 resistance but failed, leading to another decline similar to #bitcoin☀️ . ETH saw a more pronounced drop, breaking through the $2,400 support zone.

Key Trend Line Break

- A crucial bullish trend line with support at $2,400 was broken on the hourly chart of ETH/USD (Kraken data). The price is now trading below $2,320 and the 100-hour Simple Moving Average (SMA), with a recent low at $2,253. Currently, ETH is consolidating its losses.

Resistance Levels to Watch

- Ethereum faces resistance near $2,300, which aligns with the 23.6% Fibonacci retracement level of the recent drop from the $2,465 high to the $2,253 low. The first major resistance level is at $2,320. If ETH manages to close above this, it could push toward the $2,360 level, with additional resistance near $2,385 (the 61.8% Fib level). Breaking above $2,385 could open the door for a move toward $2,450 in the near term.

Potential Further Declines

- If Ethereum fails to break the $2,320 resistance, the downtrend may continue. Immediate support is found near $2,250, with the first major support at $2,200. A break below this level could push ETH toward the $2,150 level, with the next major support at $2,120. If selling pressure continues, Ethereum could test the $2,050 zone.

Technical Indicators

- Hourly MACD: Gaining strength in the bearish zone.

- Hourly RSI: Currently below 50, indicating bearish momentum.

- Key Support Levels: $2,250 and $2,200

- Key Resistance Levels: $2,320 and $2,385

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoNewsCommunity

🔥🔥🔥 $XRP Price Falls Below Support, #BEARISH📉 Momentum Builds

XRP Price Faces Decline After Failing to Clear $0.60 Resistance
XRP is showing signs of bearish momentum after failing to break through the $0.60 resistance zone, with the price now testing key support levels and potentially heading for further losses.

XRP Price Struggles Below $0.60

- After a brief rally above $0.55, XRP attempted to push past the $0.60 resistance but fell short, forming a high at $0.5989. The price has since corrected, moving below $0.5750 and breaking a key bullish trend line at $0.5850 on the hourly chart (data source from Kraken). It also tested the 50% Fibonacci retracement level from the $0.5234 low to the $0.5989 high.

Trading Below Key Levels

- XRP is now trading below $0.5690 and the 100-hour Simple Moving Average (SMA). On the upside, resistance lies near $0.5720 and the 100-hour SMA, with major resistance at $0.580 and $0.5850. A successful break above $0.5850 could send the price back toward $0.5980 and possibly the $0.60 resistance zone, with further gains targeting $0.6120 or $0.620.

Further Decline Possible?

- If XRP fails to break through the $0.5720 resistance, further downside movement is likely. Initial support lies at $0.5550, followed by $0.5420 (near the 76.4% Fib retracement level). A break below $0.5420 could drive the price down to the $0.530 support level, with the next major support at $0.5250.

Technical Indicators

- Hourly MACD: Gaining momentum in the bearish zone.

- Hourly RSI: Currently below the 50 level, indicating bearish pressure.

- Key Support Levels: $0.5550 and $0.5420

- Key Resistance Levels: $0.5720 and $0.5850

Source - newsbtc.com

🔥🔥🔥 Can Avalanche Price Hit $50 By End Of September?

Avalanche ($AVAX ) Price Resurgence Driven by Bullish Momentum

Avalanche (AVAX), a leading layer-one blockchain, is experiencing a resurgence in its bullish trend according to recent technical indicators. AVAX's price is currently on a robust upward trajectory, supported by broader market recoveries. This positive momentum reflects growing optimism within the cryptocurrency market as a whole.

Avalanche Targets 97% Growth Amid ParaFi Innovation

Over the past week, AVAX has surged by 15%, spurred by innovations in tokenization and a strong crypto market. In collaboration with Securitize, ParaFi Capital has successfully tokenized a portion of its venture fund on the Avalanche blockchain. This move enhances transparency and broadens investor access to ParaFi’s strategies. The growing tokenized assets sector continues to expand, making this development timely.

Additionally, the overall crypto market is performing well, with Bitcoin surpassing $60,000 and Ethereum gaining 4%. These favorable conditions suggest that Avalanche could see further gains in the near future.

AVAX Eyes Critical $30 Resistance Level

As of now, AVAX is trading at $24.88, up 4.46% during U.S. trading hours. The cryptocurrency saw a recovery from a daily low of $23.69, reaching a high of $25.09 before stabilizing. Positive sentiment in the market, reflected by increased trading volume and price action, indicates growing buyer interest.

AVAX is approaching key resistance at $25, with potential to rise to $30. Analysts predict it could reach $50 by month's end and possibly climb to $60 in the next rally if bullish momentum continues.

Technical Indicators Signal Strong Support

AVAX's daily technical indicators show a bullish outlook, with the Awesome Oscillator turning positive and strong trading volume of 18.55 million. An in-the-money segment of 28.22 million AVAX, worth $703.23 million, provides solid support, likely driving further price increases and attracting more investors.

Source - coingape.com

#BinanceSquareTalks

💥💥💥 #Chainlink Price Eyes $20 Amid Bullish Market Recovery Signals; More Gains Ahead?

Chainlink ($LINK ) Trading Near Key Support Levels with #BullishSigns

- Chainlink (LINK), a key player in the layer-2 blockchain space, is currently trading near crucial support levels, showing signs of bullish tendencies. Despite the ongoing battle between bulls and bears, LINK is following a bullish trading pattern, indicating the asset may be in a consolidation phase as the market seeks stability.

Chainlink Price Rises as LINK Eyes Further Gains

- Amid the recent market recovery, LINK is showing a positive trend, though it still faces challenges. The price action suggests that the asset is trying to regain momentum while maintaining a cautious stance within the broader market environment.

- At the time of writing, LINK is priced at $11.29, reflecting a 6% increase over the last 24 hours. After hitting a low of $10.66, LINK rebounded to a high of $11.45. This recent upward movement comes during a volatile week marked by significant fluctuations, with both sharp declines and recoveries.

- Daily technical indicators for LINK have also turned bullish in recent hours. The Moving Average Convergence Divergence (MACD) indicator shows a bullish crossover, as the MACD line (blue) has moved above the signal line (orange). This typically indicates that bullish momentum is currently stronger than bearish momentum.

- Data from Coinglass reveals a surge in trading activity for Chainlink in recent sessions. Trading volume has jumped by 75%, reaching $402 million, while open interest has increased by 14% to $168 million. This rise in both volume and open interest reflects heightened investor attention and speculative interest in LINK's market movements.

- Looking ahead, LINK faces strong resistance at the $12 level. If bullish momentum continues to build, the price could push toward $15, and with sustained pressure, LINK may even aim for $20.

Source - coingape.com

#BinanceSquareTalks #CryptoMarkets #CryptoNewsCommunity

💥💥💥 Massive $XRP Reversal: Breakout Next? Toncoin ($TON ) to Face Biggest Resistance Since August, Ethereum ($ETH ) in Poor State

#Grayscale's SUI and XRP Trusts Boost XRP Price

- Grayscale's launch of SUI and XRP trusts ignited a rally in XRP, driving strong bullish momentum. However, selling pressure quickly emerged, pulling XRP back but leaving room for potential further gains. The rally faces resistance, and breaking key levels will be crucial for sustained growth. Despite the volatility, XRP's position remains favorable for another rally if bulls regain control and sentiment stays positive.

Toncoin Targets 200 #EMA

- Toncoin (TON) is battling to break through the 200 EMA, a key resistance level. A successful breakout could signal a strong recovery, similar to the one after surpassing the 100 EMA. However, sustained capital inflow is needed for this breakout to be meaningful; otherwise, TON could face consolidation or retracement.

Ethereum Struggles Amid Market Weakness

- Ethereum (ETH) is struggling, with network activity at historic lows. User engagement and transaction volumes are declining as rival platforms like Solana and Telegram Open Network (TON) gain popularity due to lower fees and faster transactions. If Ethereum fails to address performance issues and high gas fees, it risks losing market share to more efficient networks during the broader crypto recovery.

Source - u.today

#CryptoMarketTrend #BinanceSquareTrends

🔥🔥🔥 Cracking the Code: 5 Crucial Factors Shaping Blockchain Gas Fees

Factors Influencing Blockchain Gas Fees

Gas fees, the transaction costs in #BlockchainNetworks , vary due to several factors including network demand, transaction priority, and complexity. Protocol updates and token standards also impact fee structures.

1. Network Demand: Higher demand during congestion leads to increased gas fees.

2. Transaction Priority: Users can pay more to expedite time-sensitive transactions, raising overall fees.

3. Transaction Complexity: Complex transactions like smart contracts require more computational power, resulting in higher fees.

4. Network Forks: Protocol changes can shift fee structures and network capacity, affecting gas fees.

5. Token Standards: Different standards (e.g., ERC-20, ERC-721) have varying gas costs.

Developers are addressing high fees with solutions like #Layer2Scaling and better consensus algorithms to reduce costs while maintaining security.

Source - cryptonewsland.com

#CryptoTrends2024 #BinanceSquareTrends #gasfees

💥💥💥 5 #Altcoins👀🚀 To Watch as $BTC Price Eyes $70K

Bitcoin surged 3.2%, nearing $60K, with a potential breakout aiming for $70K. As Bitcoin's bullish trend strengthens, these five altcoins are worth watching:

1. $XRP : Grayscale relaunched its XRP Trust, boosting institutional interest. XRP surged 7% to $0.57, with whales holding 6.94 billion tokens, signaling potential for continued gains.

2. Cardano (ADA): ADA rose 14.5% to $0.359, with increasing whale accumulation. A breakout above its trendline could push prices higher.

3. TRON ($TRX ): TRX dipped 2.1% to $0.148 after a recent rally but saw a 237% rise in long-term holders, reflecting strong long-term potential.

4. Polygon (POL): POL surged 15% to $0.418 after Binance integration. Increased user activity suggests further growth.

5. #SUI🔥 (SUI): SUI gained 11.35%, reclaiming $1 after Grayscale's SUI Trust launch. Growing DeFi interest and a $700M TVL highlight bullish momentum.

As Bitcoin eyes $70K, these altcoins are primed for potential gains amid the bullish market sentiment.

Source - coingape.com

#CryptoMarketTrend #BinanceSquareBTC

#Bitcoin’s Momentum Builds, But Reclaiming $60,000 is Crucial, Says Analyst

Bitcoin continues to display volatility as bulls gradually gain strength, but key resistance levels remain obstacles.

$90,000 Could Be on the Horizon, but First...

- Renowned crypto analyst Captain Faibik recently shared a bullish outlook for Bitcoin, predicting the asset could reach $68,000 by the end of the month if it can reclaim the critical $60,000 level.

- Faibik stressed that a daily candle close above $60,000 would be pivotal for Bitcoin to push towards new highs by December. He also noted the potential for a breakout from a Broadening Wedge pattern, which could drive Bitcoin’s price to $88,000 - $90,000 by the end of #Q4 .

- A Broadening Wedge pattern often signals increasing market volatility and can lead to either a reversal or continuation, depending on momentum. If Bitcoin breaks upward as Faibik predicts, it could spark the next major bullish run for the cryptocurrency.

Bitcoin’s Short to Macro-Term Outlook

- #CryptoAnalyst Willy Woo offered his perspective on Bitcoin’s market trajectory, sharing short, medium, and macro-term insights on its bullish potential.

- Woo believes that while Bitcoin isn’t in a bear market, it's currently in a re-accumulation phase—a consolidation period that could lead to a push toward new all-time highs.

- In the short term, Woo expects a bullish move within the next 1-3 weeks, though more time is needed for Bitcoin to surpass its previous highs.

- Regarding the medium term, Woo highlighted that since the April halving, Bitcoin's demand and supply signals have been bearish. However, recent signs suggest a potential reversal, although these indicators are still "unconfirmed." A more significant move toward a new all-time high could take time.

- Macroeconomic factors could impact Bitcoin's price, as falling bond rates have historically preceded market crashes followed by liquidity-driven rallies, including in Bitcoin. While a similar pattern might boost Bitcoin, short-term declines remain possible.

Source - newsbtc.com

🔥🔥🔥 #bitcoin☀️ Stagnates as Analysts Forecast Potential Bottom For Ethereum Before End of Year

The #cryptocurrencymarket remained largely flat on Friday, with Bitcoin trading at $58,108, down 0.4% in 24 hours and 5% over the past month. Ethereum ($ETH ) saw a steeper decline, trading at $2,369, down 0.8% in 24 hours and 15% over the month. Analysts predict Ethereum may bottom out in the next 2-4 months, with oversold conditions approaching based on RSI and Stochastics indicators.

Bitcoin spot ETFs saw $39 million in net inflows, while #EthereumETFs had $20.1 million in outflows. Broader market influences include rallies in tech stocks, positive U.S. inflation data, and favorable economic conditions from China, with potential U.S. rate cuts further boosting market optimism.

Analysts expect sideways price movement for crypto until the U.S. presidential elections, with regulatory clarity likely influencing future market direction.

Source - decrypt.co

#BinanceSquareBTC #CryptoNewsCommunity

💥💥💥Crucial Bitcoin ($BTC ) Price Test Incoming, Dogecoin ($DOGE ) Bullish Breakthrough Begins, Solana ($SOL ) Aims for $150, But There's Silver Lining

1. Bitcoin's Key Test:

Bitcoin (BTC) is currently trading around $58,000, approaching the critical 200 EMA. A break above this level could trigger bullish momentum toward $60,000, while failure may lead to a drop to support at $58,300 or $54,500.

2. Dogecoin's Momentum Shift:

Dogecoin (DOGE) is trading near $0.10 after breaking above its 26-day EMA. It faces resistance at $0.11, with potential targets at $0.12 and $0.14 if momentum continues. A fall below $0.09 would signal further declines.

3. Solana's Recovery:

Solana (SOL) is priced around $134, nearing the 26-day EMA. If it breaks higher, SOL could reach $140-$150, with further targets at $147 and $160. Failure to hold current levels could result in a retracement to $125 or even $115.

These price levels are pivotal for determining the near-term direction of each asset.

Source - u.today

#CryptoMarkets #BinanceSquareTrends #CryptoNewsCommunity

💥💥💥 #CryptoPrice predictions: Quant, #Mantra , Ripple $XRP

Cryptocurrency prices remained flat this week despite positive U.S. inflation data, with Bitcoin below $60,000 and Ethereum slightly under the same mark. The total market cap held at $2.04 trillion, and the Crypto Fear and Greed Index dipped to 37. U.S. CPI dropped to 2.6%, sparking hope for Federal Reserve rate cuts, while the upcoming Bank of Japan meeting presents a potential risk.

Altcoin Forecasts:

1. Quant ($QNT ): Quant surged 54% from its yearly low, driven by increased social media activity. Trading above its 50-day and 25-day EMAs, the token shows bullish momentum with a target resistance at $83.20. However, a decline in smart money holders poses a risk.

2. Mantra (OM): Mantra has rallied over 6,200% this year, supported by demand for tokenized assets and a 21% staking yield. The token broke above $1.068, with bullish indicators suggesting a test of its all-time high at $1.40.

3. Ripple (XRP): XRP has been trading sideways but saw a slight boost from Grayscale's XRP Trust. Ripple’s upcoming RLUSD #stablecoin may further impact its price. XRP is holding key support at $0.43 but remains below the 38.2% Fibonacci level, suggesting range-bound trading for now.

Despite market stability, #Altcoins👀🚀 like Quant, Mantra, and XRP are showing potential for upward moves based on key technical indicators.

Source - invezz.com

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