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📍#Bitcoin Update ( Continuous)
🔹Bitcoin struggled above the $72,000 resistance zone.
🔹The price recently started a downside correction. Main support is forming near $68,800.
🔹Further losses could push the price towards the $67,300 support zone in the near term.
🔹Fundamentally, the market is bullish.
🔹After this small correction, an upside move in Bitcoin is expected.
Stay tuned for more information!!
🚨 BREAKING NEWS 🚨
🇺🇸 Donald Trump Now Officially Accepts #Bitcoin for Campaign Donations!
#ETH ETF is almost approved!
https://x.com/news_of_alpha/status/1792894158518079864
Ethereum(ETH) Surpasses 3,800 USDT with a 22.97% Increase in 24 Hours
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📍#Bitcoin Update (Continuous)
- Positive news regarding Ethereum also led to a bullish move in Bitcoin's price, which crossed $70,000.
- Bitcoin followed its falling wedge pattern very well and reached the major resistance level on the upside.
- If Bitcoin breaks the $72,000 to $73,000 resistance area, we could see the price reaching up to $76,000.
Stay tuned for more information!!
Trader Turns $1361 Into $2.32 Million In Five Months
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📍Bitcoin Update ( Continuous)
- Bitcoin has remained stable above 67,000, which is a positive sign.
- Despite reaching this price level, the funding rates are normal, indicating healthy market conditions.
- It is expected that the price may accumulate in this range and could potentially take a small correction down to 64,000.
- After that, Bitcoin could move towards breaking its all-time high.
Stay tuned for more information!!
Binance Square Launches Content Mining: Creators Can Earn 5% Commission on Posts
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Spot Bitcoin ETFs bought 14,389 BTC this week, worth $1 billion. 🔥
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📍Bitcoin Update (Continuous)
- Bitcoin (BTC) has risen above $67,000 for the first time in nearly a month.
- Improved sentiment is due to lower U.S. inflation figures.
- Bitcoin trading volume is increasing.
- The next major resistance level is $70,000.
- Bitcoin is expected to break through the $70,000 resistance level.
Stay tuned for more information!!
📍#Bitcoin Update (Continuous)
- Bitcoin's price is still holding above $65,000, which is a positive sign.
- It is following falling wedge pattern and after a successful retest it bounced back.
- Based on this trend, Bitcoin could reach $70,000 this week.
- Bitcoin supply on exchanges is falling to new lows and demand is increasing..🔥
Stay tuned for more information!!
📍#Bitcoin Update (Continuous)
🔸Bitcoin broke out of the falling wedge pattern, retested, consolidated, and bounced.
🔸Yesterday, US CPI data came in lower, resulting in a $5000 price pump.
🔸$67,500 is the next resistance area.
🔸If we break this level, then $70,000 will be the next target for Bitcoin.
Stay tuned for more information!!
As you can see, just 0.1% difference in CPI can pump the market hard!
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US Unadjusted CPI Annual Rate Stands at 3.4% in April
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OTC Weekly Trading Insights (05/22/2024)
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Grayscale files updated 19b-4 form for its spot Ethereum ETF🚀
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📰🔮Standard Chartered Predicts Ethereum ETF Approval This Week:
Standard Chartered expects the U.S. SEC to approve Ethereum (ETH) exchange-traded funds (ETFs) this week. The bank forecasts this could bring in $15-$45 billion in the first year and push ETH's price to $8,000 by the end of 2024.
🎗Sources: Decrypt, CoinMarketCap
Binance Market Update (2024-05-21)
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BNB Market Cap Surpasses Starbucks and State Bank of India, Ranks 205th Globally
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Digital Asset Investment Products Witness Second Consecutive Week of Inflows
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Binance Market Update (2024-05-20)
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Binance Trending Tokens Daily Update (May 20)
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📍#Bitcoin Update (Continuous)
🔹Bitcoin is trying to hold its position above 67,000, which is good, but I am expecting a small correction before the next big move.
🔹The price might dip to 64,000 once again, and after capturing liquidity there, it could pump.
🔹Tomorrow is the weekly candle closing, and we should see it closing in the green.
Stay tuned for more information!!
📢US spot Bitcoin ETFs saw +$221.4m net inflows On May 17th.
🔗Source: Click here
Bitcoin ETF volumes hit 7-week high as BTC price nears $67K
This surge in trading activity is a very positive indicator for the market🔥
🚨 #NOT has broken support at $0.0129. If you're holding, monitor support closely.
Below the trendline, #NOT is bearish on the 1-minute chart. Failure to hold may lead to $0.005.
#GMRX LOOKS GOOD HERE FOR SHORT TERM SCALP FOR 20-100% GAINS - AVAILABLE ON BYBIT 🔥🤝.
#DYOR #NFA
CPI: +3.4% YEAR-OVER-YEAR (EST. +3.4%)
U.S. CORE CPI: +3.6% YEAR-OVER-YEAR (EST. +3.6%)
Huge day for the whole market, be ready for some volatility! CPI data in less than 2 hours 👀
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