📍#Bitcoin Update (Continuous)
🔹Bitcoin is facing resistance at the $70,000 level.
🔹A break above this level will push the price to the $71,300 level.
🔹If Bitcoin fails to break through, then $67,700 will be the next support area.
🔹The Ethereum spot ETF decision is coming today. The market could be volatile.
Stay tuned for more information!! ℹ️
WHAT HAPPENED OVERNIGHT
-> SPX -0.27%, Nasdaq -0.18%
-> Nvidia Q2 projections beat estimates (post market), stock +6% after-hours
-> FOMC minutes, while stale, had some hawkish comments
-> UST 10y yield +1 bpd to 4.42%
-> DXY Index topped out at 105.00
LIQUIDATION ALERT
$2,400,000,000 WORTH OF SHORTS WILL GET LIQUIDATED IF #BITCOIN
HITS THE PREVIOUS ALL-TIME HIGH OF $74,000.
📰🔮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
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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📍#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!!
Today is the final deadline of VanEck ETH ETF application approval! Tomorrow is also a deadline day for another application, so these two days may bring huge volatility to market, especially to #ETH!
Be careful with leverage today!
Happy Pizza Day everyone! 🥳
14 years ago, Laszlo Hanyecz spent 10,000 #Bitcoin on two Papa John's pizzas.
Today, that 10,000 BTC is worth over $700 million.🔥
📍#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!!
📍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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📍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!!