BITCOIN UPDATE
Bitcoin is rejecting badly from the resistance at $21.5k and currently trading around the $19.5k level. The main reason for this dump is the tension between CZ and Sam and creating a FUD. But if you look at the bigger picture you know all these FUDs are the best buying opportunity in the long term.
Currently, we have two important support for BTC at $19.2k and $18.4k
Let's see how far this fud is going. As of now wait for the right time to take entry.
Stay tuned and 📌 our channel at the top.
BITCOIN UPDATE:
$BTC is moving towards its support from our nearby resistance zone. We can expect next support is 20K than their is bit probability that the $BTC can bounce again.
It is very important for Bitcoin to break the resistance of 21.7K zone (which is our red coloured zone than only we can expect bullish rally).
But for more updates stay tuned & 📌 our channel on top so you will never miss an update.
Binance is selling all of the #FTT they own, which is worth $2 billion.
A month and a half ago, Almeda's CEO resigned.
This week, there are rumours that FTX's trading company, Almeda, is bankrupt.
💰 BTC Update
Bitcoin is getting closer to strong resistance / reversal area of $21.5k - $22.5k.
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Bybit refuses to impose sanctions against Russian users.
Cryptocurrency exchange Bybit will not impose restrictions on users from Russia at the call of the Monetary Authority of Singapore (MAS).
FUN FACT: Government of China🇨🇳 is a crypto whale.
Chinese authorities seized 194k $BTC, 833k $ETH, and others from the PlusToken scam in 2019. They forfeited these $6 billion-worth assets to the national treasury.
MicroStrategy has 130k $BTC.
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👀 FTX has launched a new feature on ftx.com and ftx.us.
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BTC dumped 66%‼️
after 2014 mid term election
BTC dumped 51%‼️
after 2018 mid term election
BTC 2022 Election Dump is loading....
This is gonna be a huge month!!
Mid term elections, CPI Data, G20 Regulations, FTT Insolvent, & more.
Bottom is loading be ready to catch it.
Why is the G20 meeting one of the year's most important event?
On November 15, India's finance minister will be in charge of all G20 issues, and they are ready with a Crypto framework for all G20 countries.
In this year, the FM of India 🇮🇳:
- Put in place a flat 30% tax with no loss setoff.
- Imposed Every buy and sell order a 1% TDS transaction fee.
- Started CBDC last week and called Crypto citing risks to financial stability.
- She wants to stop crypto from growing and promote CBDC & centralised government blockchains.
- Already warned foreign exchanges that they should stop working with Indian customers.
- To get information about tax invaders they might order a ban or impose a worldwide crypto framework on foreign exchanges.
India has the most people who own crypto currency
exchanges are worried about the G20 meeting, Also 💰 CZ tweeted about it day before yesterday: "India's cryptocurrency taxes may kill the industry."
Important dates to keep in mind
8 Nov US 🇺🇸 Midterm Elections
10 Nov US 🇺🇸 CPI
15 Nov G20 📣 Meeting
17 Nov UK’s 🇬🇧 Crunch Budget Plan
21 Nov World Cup ⚽️ Opening Ceremony
23 Nov 🇺🇸 #FOMC Minutes
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PS: for refrence you can check also PNL report
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BITCOIN UPDATE
If we move towards LTF than Bitcoin breaks out from the triangle as we told you in our previous update. Now it must hold the $20.2k-$20.4k range for more upside continuation.
If holds this area then $21k-$21.5k is very likely from here.
Stay tuned for more updates.
Bank of England hikes interest rates by 0.75% to 3.00% — biggest rise for more than 30 years.
Читать полностью…Binance CEO would join Twitter board if Elon Musk asks.
Binance CEO Changpeng Zhao says he’s “not dying” to join the board as a minority shareholder of Twitter, but would do so if asked.
Zhao says Musk has “lots of things to change” including firing Twitter employees.
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⚡Bitcoin closed October up 5.6%
BTC has historically shown very good returns for October, but this year it has been well below average🤑
Judging by average returns, bitcoin also tends to show very high growth in November📈
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