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📍#Bitcoin update (Continue)
Bitcoin Got rejection from 200W.M.A which is not a good sign. Tomorrow is weekly candle closing and we are going to see closing in red.
At Bitcoin’s current price of $23,165 the downward price movement of the king crypto has pulled the altcoin market with it.
Next Resistance level of Bitcoin is near $23,600. A break above this line could send the price near $24,000.
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Institutional trading has been more resilient than retail on Coinbase which managed to increase its market share over the past year.
Non-fee related income also rose to 26% of net revenue in 2022 up from just 7% in 2021.
📍#Bitcoin Update (Continue)
Bitcoin's price made an attempt to break above the resistance level of $24,200.
BTC even spiked above $24,500, but it was unable to continue the upward momentum.
The price formed a high near $24,602 before declining once again.
Bitcoin experienced a sharp drop below $24,000 and retested the support zone at $23,600.
The price reached a low of around $23,615 before entering a consolidation phase.
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#WazirX has announced the closure of its #NFT marketplace! 😱
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📍#Bitcoin Update (Continue)
Bitcoin breakdown the Symmetric Triangle pattern and give daily candle closing below this pattern.
If bitcoin continues to follow this pattern we may see more drop in Bitcoin price.
We May see the price will test the support level of $23,400 to $23,100. Below this level could send the price near $22,500
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Chinese coins narrative is gaining momentum after Hong Kong’s announcement to legalize crypto trading effective June 1, 2023.
Here is the List of all China-related coins on Binance 👀
Coinbase Q4 revenue beats expectations, but transaction volume falls 12% from Q3 — link
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Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech🔥🚀
https://www.coindesk.com/business/2023/02/20/energy-giant-saudi-aramco-signs-agreement-with-droppgroup-to-build-web3-tech/
Binance Will Delist AION, MIR, ANC on 2023-02-27
https://www.binance.com/en/support/announcement/b461bf1f04d9456ea978f1549a31e174
There was a FUD that Binance is about to delist all US-based coins
CZ did not confirm the rumors
❗️Always check for official statements in order not to become the victim of False News
$70M shorts liquidated😲 Because of Bitcoin bullish Movement 🚀
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💰 #BTC CME Update
Still below two CME Gaps
🟢Below Gap: 19550 - 20985
🟢Above Gap: 27355 - 28920
$150 Million Rekt in last 24 hours
It's still profitable to run the exchange😅
The closest unfilled gaps on the CME exchange:
1) 53600
2) 36000
3) 29300
4) 19550
5) 11100
6) 9600
Current price is 23793
This means that the price of Bitcoin sooner or later with a probability of 90% will reach the above prices
The market capitalization of $BUSD has declined with $3.71B. $USDT and $USDC have absorbed the majority of the value lost by the US dollar. ✅
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📊 The U.S. stock market wiped out $720 billion Yesterday.
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When In Doubt, Scale Out!
It's a long-term bottom on 💰 #BTC
Even if we have lower prices, it's all for buying🚀
The problem most traders have is that they desperately want to bank profits every day.
And they'll often discard their rules to do that.
It's normal to want to win, but it's important to accept that you're not going to win everyday. ✅
📍#Bitcoin update (Continue)
Bitcoin is Forming a Symmetrical triangle pattern and price reached its upper trendline of the pattern.
A break above this pattern could be a Bullish scenario for Bitcoin. We can then expect a bullish momentum.
$25,200 is a very important resistance to break. A clear move Above this resistance might start a strong upside Rally. So Keep your eye on this Level ✅
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📍#Bitcoin Update (Continue)
Bitcoin faced rejection from the 200-week moving average, which is not a positive sign.
However, the weekly candle closed in green.
Bitcoin attempted to break the $25,000 resistance but failed to continue higher.
The price dropped below the $24,000 support level and hit a low of $23,867.
A close above the $25,200 resistance level could trigger another increase.
If this happens, the price may rise towards the $25,800 level.
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₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚
New record #bitcoin hashrate
348,000,000,000,000,000,000x
computations every second 🚀🚀
SEC Sues Former NBA Star Paul Pierce Over EthereumMax Promos
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As we mentioned in our Updates of liquidity area where we expected the drop.
Bitcoin performed as we expected After the liquidation of long Positional traders Bitcoin dropped to near $23,400
$25,100 is currently acting as a crucial level of resistance for Bitcoin.
The 200-week moving average (200-W.MA) is also located at this level, making it even more significant.
If Bitcoin manages to close above this level with a weekly candle, it will likely create a positive, bullish momentum for the cryptocurrency.🚀
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Keep eyes on TRU, can pump more due to TUSD adoption🚀🚀🚀
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🇺🇸 U.S. SEC charges Terra founder Do Kwon with fraud
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