Bitcoin faced rejection at the $50,000 level and is currently trading below it. Significant selling pressure is observed at the $50,000 level. We anticipate a test of the local support area before the next significant move.

GALA analysis:

The price had bounced back from the support area and tested the resistance area. However, GALA encountered significant selling at the resistance area which caused it to reject from there. It is predicted that there might be another test of the resistance area and we should wait and see if the price can break above it. It is recommended to wait for some time for new entries.

Resistance Area: $0.0246-$0.0253

🍾 Bitcoin is breaking through the trend line that was stopping bulls from turning beast mode through the whole 2023. We are above it now.

The last parts of the bears' presence on the chart are being cleaned!

Bitcoin has recently experienced a significant surge in price and has reached the $50,000 level. Currently, the price is trading near this key psychological level. If Bitcoin is able to sustain this level, then we may see positive momentum in the entire cryptocurrency market. However, if there is a rejection at this level, the price may fall towards the local support zone of $46,700-$47,200.

#opinion
🧐 Arthur Hayes thinks Bitcoin will update its historical high this year! (Crypto Banter)

Forecast: $70,000 by the end of 2024.

He also mentioned the possibility of a new banking crisis and the inclusion of the #Fed printing press.

Bitcoin has climbed above the $48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $50,000. Additionally, $50,000 is a psychological barrier for traders. It remains to be seen how the price will respond as it approaches this resistance area.

#Write2Earn
#btc
#bitcoin

Bitcoin tested the resistance at $48,000 but failed to hold above it. We may see some sideways movement near the resistance area for the next 2-3 days. There is a possibility that the price may drop to $45,000 before the next move.

#btc
#Write2Earn

Introducing Pixels (PIXEL) on Binance Launchpool! Farm PIXEL by Staking BNB and FDUSD is live now.

Webpage

Listing
Binance will then list PIXEL at 2024-02-19 10:00 (UTC) and open trading with PIXEL/BTC, PIXEL/USDT, PIXEL/BNB, PIXEL/FDUSD and PIXEL/TRY trading pairs. The Seed Tag will be applied to PIXEL.
PIXEL Launchpool Details:
Token Name: Pixels (PIXEL)
Max Token Supply: 5,000,000,000 PIXEL
Launchpool Token Rewards: 350,000,000 PIXEL (7% of max token supply)
Initial Circulating Supply: 771,041,667 PIXEL (15.42% of max token supply)
Smart Contract Details: Ethereum, Ronin
Staking Terms: KYC required
Hourly Hard Cap per User:
116,666.66 PIXEL in BNB pool
29,166.66 PIXEL in FDUSD pool

PIXEL Farming Distribution
Dates (00:00:00 - 23:59:59 UTC each day)

2024-02-09 - 2024-02-18

🐝 BTC UPDATE

The crucial resistance of $43,500 was broken upwards, it is a good sign! The overall priority is bullish now.

We need to break the $45,500 resistance upwards, a confident breakout gives us a chance to LONG with the target at $47,700.

What to keep in mind: the $43,500 is key for now. If we lose it, you can sell a big part of your holdings confidently. Now consider only LONG setups.

Do your own research please.

#bitcoin
#Write2Earn

BNB is breaking out of the symmetric triangle pattern, but it's prudent to wait for a candle close above the trendline to confirm the breakout. If confirmed, we might witness a move towards the resistance area, and it's essential to observe how the price reacts upon reaching that level. The support and resistance levels remain unchanged for now.

#bnb
#Write2Earn

Bitcoin has moved as anticipated following the breakout, and it is currently trading near the $45,000 resistance level. The reaction at this resistance area will be crucial to determine the next course of action. A successful break above $45,000 could propel the price towards the $48,000-$50,000 range, while a rejection may lead to a decline towards the $40,000-$42,000 support area.

#bitcoin

#Write2Earn

QNT Analysis:

Price is currently hovering close to a significant support zone. There could be some accumulation happening at this support level before the next significant move. Consider placing buy orders within this zone, ensuring tight stop-loss measures are in place, and wait for further price action.

Support Area: $95.5-$99.5

Resistance Area: $126-$132

#Write2Earn

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BONK analysis:

The price has reached the support area and appears to be entering an accumulation stage. Consider initiating a small long position with a tight stop loss. A potential bounce is anticipated, given the downtrend observed since the all-time high.

Support Area: $0.000009230-$0.00001026

Resistance Area: $0.0000165-$0.0000177

Bitcoin's price has remained stable and there have been no significant market changes. We may continue to observe a sideways movement until the US markets open on Monday. The key question is whether Grayscale will continue to sell its BTC position, thereby increasing selling pressure, or if it will begin to accumulate at this price range. The resistance and support levels have not changed.

#BAKE price has reached the support level of $0.2720 - $0.3100 in the 4-hour TF , and if this level is broken, the next support is $0.1750 - $0.1630.

SPELL analysis:

It appears that the price has broken below a major support area, indicating a potential continuation of the downtrend. Consider placing buy orders in this support area and waiting for a possible reversal.

Major Support Area: $0.000378-$0.000417

Resistance Area: $0.00051-$0.00053

DOT analysis:

The price has recently rebounded from the support zone and is now moving towards the resistance area. It remains to be seen how the price will react when it tests the downtrend line. If the price breaks above the downtrend line, it will likely continue to rise towards the major resistance area.

Major Resistance Area: $7.55-$7.90

Wall Street Bitcoin and Ethereum Allocations Rise to Year Highs; What’s Next for BTC Price? — link

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