CRV is forming a falling wedge pattern, which is a bullish pattern.
The RSI is also at an oversold level, which is another bullish indicator.
A breakout of the falling wedge pattern is expected soon.
Once the falling wedge pattern is broken, CRV can reach the following targets:
$0.4809
2️⃣ $0.5134
3️⃣ $0.5444
Stoploss – If daily Candle closes Below $0.4019
One of the wealthiest individuals in the world, bought Twitter in October 2022 for 44 billion dollars and after the company came beneath his proprietorship, he to begin with let go of Chief Official Officer (C.E.O) Prag Agarwal.
Prag Agarwal, an American Indian computer program designer, was made C.E.O of the company in November 2021 by Twitter’s ancient administration.
The American daily paper ‘Wall Street Journal’ has distributed a portion of the history of Elon Musk composed by Walter Isaacs, agreeing to which the unused proprietor of Twitter saw blemishes in Prag Agarwal.
The book claims that Elon Musk cited Prag Agarwal as saying, “He’s a great fellow,” but a manager’s objective ought not to be to be enjoyed by representatives.
Elon Musk said that ‘Twitter needs a fire-breathing dragon and Prag Agarwal isn’t it.’
The history ‘Elon Musk’ will be propelled on September 12. Agreeing with the book, the relationship between Elon Musk and Prag Agarwal took a turn for the more awful when the American businessman composed in a tweet that ‘the best accounts here once in a while tweet and post exceptionally small content’.
After 90 minutes of this tweet, Prag Agarwal sent a message to Elon Musk in which it was composed “You’re free to tweet whether Twitter is biting the dust, compose anything approximately Twitter.” But I must tell you that you’re not making a difference in me moving forward Twitter by doing this.
All of these messages were traded when Elon Musk and the Twitter administration were finalizing a bargain to offer the company, and before long as Twitter came beneath Elon Musk’s proprietorship, he to begin with terminated Prag Agarwal.
Elon Musk bought ‘Twitter’ in October of last year after which he named the company ‘X’. After Elon Musk bought the company, X’s advertising business suffered badly as investors were unhappy with his policies.
Nestled within the breathtaking landscapes of the Karakoram Highway lies a hidden gem: the Hunza Valley. Carving its way through magnificent rock formations and soaring peaks, this 1300 km marvel stands as a testament to human ingenuity and natural beauty. Few have ventured upon its winding paths, yet those who have experienced its splendor are forever enchanted by its allure.
The 1300 km long Karakoram Highway passes through some of the most amazing rock formations on the planet. It is a dream path that few people know about. While traveling on this hilly road, the strong wind was coming in through the window of the car. Despite the summer, the snow was sparkling on the 7,000 meters tall crests and the softening waters of the ice sheet were falling in the form of a waterfall within the stream passing through the Hanra Valley. The Karakoram Interstate was once a portion of the Silk Street, which was set up centuries prior by the nearby occupants. Be that as it may, in 1978, after 20 a long time of difficult work by 24,000 Pakistani and Chinese laborers, the street was opened to standard vehicular activity, opening the entryways of exchange, tourism, and ease of travel to this inaccessible locale.
and goes to Xinjiang in China via the world’s highest paved road at Khunjarab at an altitude of 4700 meters. The most interesting part of this road was the 194 km which is in the Hunza Valley. This extend is enveloped by the Karakoram Mountains, due to which this road was named the Karakoram Interstate. The zone is exceptionally superb where you’ll see clear frigid masses, lakes, and snow-capped peaks all around during the travel. This travel is wonderful but another basic thing that makes the interstate exceptional at this put is the people of Hunza and the traditions of this valley. Found between Xinjiang and the Wakhan Passage in Gilgit-Baltistan, Hunza was cut off from the rest of the world until the 20th century. The adjacent people comprise Brushu and Wakhi people and have its have lingo, music, and culture that cannot be found anywhere else in Pakistan or around the world. The Karakoram Thruway has made travel to the valley less demanding for the world, but it has moreover hurt the environment and compelled the bigger part of the neighborhood people to abandon their ordinary lives. By and by there are few people who have celebrated the section of spring-like ‘Jinani’ for a long time.
Tucked away in the heart of the Hunza Valley, Gojal is a region that shares a rich cultural tapestry with Central Hunza. What sets Gojal apart is its unique Wakhi language, a living testament to a migration that took place hundreds of years ago. In this article, we’ll embark on a journey to explore the fascinating history and natural wonders of Gojal. The Wakhi Connection: The Wakhi language is the soul of Gojal. It speaks volumes about the region’s heritage and the people who migrated from the Wakhan Corridor centuries ago. This linguistic link to the past is a treasure trove of stories and traditions that have been lovingly preserved. A Journey to Transform, In the days of old, reaching Gojal from other parts of Hunza was an arduous voyage that spanned several days. However, with the advent of modern infrastructure, that journey has been significantly shortened. Today, it’s just an hour’s drive, with the mesmerizing blue waters of Attabad Lake greeting travelers as they enter the region. Attabad Lake: A Tragic Beauty, At first glance, Attabad Lake appears to be a natural wonder, but its origins are tinged with tragedy. On January 4, 2010, a devastating flash flood blocked the Hunza River, submerging several villages and giving birth to this artificial lake. It serves as a haunting reminder of the forces of nature. A village reborn, The name Attabad Lake not only encapsulates the lake’s beauty but also pays homage to a village that was tragically lost during the 2010 disaster. Today, it stands as a symbol of Hunza’s resilience and innovation. The Changing Landscape, Gojal, much like the rest of the region, has witnessed transformation and development. The Karakoram Highway, connecting Pakistan and China, has seen significant improvements. In 2015, five tunnels were completed under the banner of China-Pakistan Friendship, making it a marvel of modern engineering.
A thriving urban oasis, Contrary to the image of a remote, untouched region, Gojal is evolving into a bustling urban center. Luxury hotels have sprung up around Attabad Lake, catering to travelers seeking comfort and adventure. The lake, once a site of destruction, has become a hub for relaxation and exploration.
Mol’ is a local cheese made from a mixture of local milk, sugar, and apple and vinegar. Also ordered ‘Ghulmandi’ which was a thin bread sandwich filled with curd and fruits. Ghulmandi: A Thin Bread Extravaganza
One cannot talk about the local cuisine of Hunza Valley without mentioning ‘Ghulmandi.’ This thin bread sandwich is a taste sensation, filled with creamy curd and an array of fresh, juicy fruits. It’s a culinary masterpiece that perfectly balances the richness of the curd with the refreshing burst of fruity goodness. The Visionaries Behind the Magic
The heart and soul of this culinary adventure are two remarkable women, Malika Sultana and Rashida Begum. In 2016, they embarked on a journey to preserve and celebrate the local dishes they learned from their mothers and grandmothers. Their restaurant, now located at a picturesque bend of the Karakoram Highway, has become a symbol of tradition and innovation. A Revival of Tradition
According to the restaurant owners, the tradition of local dishes was on the brink of disappearance. The younger generation had lost touch with the culinary heritage of their ancestors, and no one was cooking these exquisite foods anymore. This inspired Malika and Rashida to step in and rekindle the flame of tradition. A Hub of Women’s Business.
Beyond its culinary offerings, Gojal, and especially Gulmat, has emerged as a hub for women’s entrepreneurship. In a country where only 20 percent of women are part of the workforce, the Hunza Valley stands out as a remarkable exception. Women here are not only managing restaurants but also running shops and engaging in woodwork, defying stereotypes, and contributing to the local economy.
In the heart of the Hunza Valley, amidst the towering peaks and azure lakes, lies a culinary oasis that embodies the spirit of tradition and innovation. Through dishes like ‘Mol’ and ‘Ghulmandi,’ the flavors of Hunza come alive, offering not just sustenance but a glimpse into the rich tapestry of its heritage. As women entrepreneurs like Malika Sultana and Rashida Begum breathe new life into age-old recipes, they pave the way for a future where tradition and progress intertwine harmoniously.
The Karakoram Highway, stretching 1300 km from Hasan Abdal in Pakistan to Xinjiang in China, is renowned for its breathtaking scenery and engineering marvels. It passes through the majestic Karakoram Mountains, offering travelers a glimpse of some of the world’s most stunning landscapes.
The Hunza Valley, a pivotal stop along the Karakoram Highway, is celebrated for its natural beauty, rich cultural heritage, and culinary delights. It serves as a gateway to the ancient Silk Road, connecting travelers with the traditions and landscapes of the region.
Attabad Lake, formed in 2010 due to a devastating landslide, is both a natural wonder and a poignant reminder of nature’s power. Despite its tragic origins, it has become a symbol of resilience and innovation, attracting visitors with its mesmerizing turquoise waters and surrounding landscapes.
The cuisine of Hunza Valley, characterized by dishes like ‘Mol’ and ‘Ghulmandi,’ reflects the region’s rich cultural heritage and culinary traditions. With its emphasis on local ingredients and traditional cooking methods, it offers a taste of Hunza’s history and heritage to visitors and locals alike.
Women entrepreneurship in Hunza Valley, particularly in areas like Gulmat, is a symbol of empowerment and economic empowerment. Women-owned businesses not only preserve cultural traditions but also contribute to the local economy, challenging stereotypes and inspiring future generations.
US President Joe Biden’s upcoming visit to India for the G20 summit has sparked significant attention and discussion, particularly in light of the absence of his Chinese counterpart, Xi Jinping. Amidst geopolitical tensions and diplomatic maneuvers, the dynamics surrounding the summit have become a focal point for international observers and analysts.
US President Joe Biden has said that he is looking forward to his visit to India to attend the G20 summit. However, he also said that he was disappointed that his Chinese counterpart Xi Jinping did not attend the meeting.
In response to questions from media representatives on Sunday, President Biden said that he is going to India. He also said that he is going to meet Xi Jinping soon. According to media reports, he was referring to the ‘Asia Pacific Economic Co-Operation Forum meeting to be held in San Francisco at the end of this year. According to the White House, President Biden will arrive in Delhi on September 7 and hold bilateral talks with Prime Minister Narendra Modi on September 8, while he will attend the G20 meeting on September 9 and 10.
The Chinese Ministry of Foreign Affairs has confirmed that President Xi Jinping will not attend the 20th meeting. It should be noted that Russian President Vladimir Putin is also not participating in the meeting. He has informed this to Prime Minister Modi over the phone. Speaking to the media, India’s Special Secretary for G20, Maktish Pardeshi, said that India is waiting for China’s written notification regarding Xi Jinping’s visit. Until something comes out in writing from China, we can’t say anything about it. The issue is being watched very closely in New Delhi’s diplomatic circles. They are treating Xi Jinping’s non-participation in the summit as ignoring India’s G20 presidency.
The Chinese Ministry of Foreign Affairs has confirmed that President Xi Jinping will not attend the 20th meeting. It should be noted that Russian President Vladimir Putin is also not participating in the meeting. He has informed Prime Minister Modi over the phone. Speaking to the media, India’s Special Secretary for G20, Maktish Pardeshi, said that India is waiting for China’s written notification regarding Xi Jinping’s visit. Until something comes out in writing from China, we can’t say anything about it. The issue is being watched very closely in New Delhi’s diplomatic circles. They are treating Xi Jinping’s non-participation in the summit as ignoring India’s G20 presidency.
According to analysts, the ongoing border tension between India and China has increased again for the last four years. The reason for this is that in the past few days, China has issued a new map to show its share of Aksai Chin and Arunachal Pradesh.
India has strongly condemned the move and termed the map as unacceptable. Disputes between the parties persist at several places in eastern Ladakh, particularly Deepsang and Demchuk. However, there have been several periods of negotiations between the two countries at the level of military commanders. Analysts are speculating on the reasons for Xi Jinping’s non-attendance.
He said that the two leaders had an informal meeting during the BRICS summit in Johannesburg, South Africa, and it was expected that Xi Jinping would attend the G20 meeting and the two leaders would discuss border disputes. will have a chance to resolve. ‘It is not good for India’
One of the senior analysts of international affairs, says that the holding of the Group 20 meeting is a big event for India. The Indian government was waiting for it and wanted the meeting to be a complete success. Because the credit for its success would go to the Modi government.
He said that Vladimir Putin is not attending because of the Ukraine war and other domestic issues. But now it is being understood that even Xi Jinping is not coming. According to him, the non-participation of these two big leaders is not a good thing for India and it can be said that the success of the meeting on the scale that India was expecting will not be so successful now.
He says that China is the second largest economy in the world after America. The absence of the presidents of China and Russia will affect the success of the meeting. This is why Joe Biden has expressed frustration. Analysts believe that there are many disputes between the United States and China, and if the Chinese president had attended the meeting, there would have been a possibility of his meeting and discussion with Joe Biden, and the parties would have had an opportunity to resolve mutual disputes.
The issue of Ukraine is high on the agenda at the Group B summit. The position of Russia and China on Ukraine is completely different from that of the United States and Western countries. If both of them had come, there could have been a concrete discussion regarding Ukraine. But their non-participation will also affect the decisions of the meeting.
The issue of Ukraine is high on the agenda at the Group B summit. The position of Russia and China on Ukraine is completely different from that of the United States and Western countries. If both of them had come, there could have been a concrete discussion regarding Ukraine. But their non-participation will also affect the decisions of the meeting.
Some analysts say there is speculation that Xi Jinping wants to see India, which wants to demonstrate its culture, pluralism, and economic strength through the G20 summit, in trouble. Besides, they believe that their non-participation will lead to India’s withdrawal. That is why they decided not to come.
Modi will now be able to keep his word openly’ Former diplomat Ashok Sajjanhar says Xi may have decided because he was confused about meeting and negotiating with certain leaders such as Joe Biden and Narendra Modi.
However, he also says that his non-participation gives the impression that he, as the leader of a major power, is not serious about his global responsibilities regarding this meeting.
According to him Xi Jinping not coming is good for India. Upon their arrival, the host and national and international media would focus on their activities, conversations, and body language.
In his opinion, in this case, the attention would be diverted from the substantial discussion on the G20 agenda. The second thing is that in his absence, Prime Minister Modi will be able to speak openly.
However, they also say that it would have been good if they had come. In this case, there would be an opportunity to resolve the border dispute between India and China. After October 2019, the two leaders held brief meetings in November last year in Bali and this year in Johannesburg. A detailed meeting was likely in Delhi.
Meanwhile, the Indian Air Force has announced ahead of the G20 meeting that it will conduct military exercises in the northern sector bordering China and Pakistan. According to news agency ANI, the exercise will be on a large scale and warplanes like Rafale, Mirage 2000, and Su-30 MKI will participate in it.
The absence of President Xi Jinping from the G20 summit presents both challenges and opportunities for India and the global community. While it may complicate efforts to address pressing issues such as border disputes and geopolitical tensions, it also provides an opportunity for Prime Minister Modi to assert India’s position and engage openly on the international stage. As the summit approaches, the world watches closely, anticipating the outcomes and implications of this significant diplomatic event.
President Biden’s visit to India underscores the importance of diplomatic relations and multilateral cooperation between the US and India, particularly within the context of the G20 summit. His attendance reflects the strategic partnership between the two countries and their shared commitment to addressing global challenges.
The absence of both President Xi Jinping and President Putin raises questions about the dynamics and outcomes of the summit, particularly regarding discussions on critical issues such as border disputes, geopolitical tensions, and economic cooperation. Their non-participation could impact the effectiveness and outcomes of the summit’s deliberations.
President Xi Jinping’s decision not to attend the G20 summit raises concerns about China’s engagement in international diplomacy and its commitment to addressing global challenges. It also highlights ongoing tensions and disputes between China and other countries, particularly in the context of border disputes and geopolitical rivalries.
The absence of President Xi Jinping from the G20 summit poses challenges for India’s leadership and agenda-setting efforts as the host country. It may complicate efforts to address regional and global issues, including border disputes and economic cooperation, and could impact the overall success and outcomes of the summit.
The Indian Air Force’s announcement of military exercises in the northern sector bordering China and Pakistan signals India’s preparedness and strategic posture in the region. It underscores India’s commitment to safeguarding its territorial integrity and security interests amidst geopolitical uncertainties and regional tensions.
Bitcoin price remained in a bearish zone below the $27,000 resistance zone.
BTC extended its decline and traded below the $26,000 level.
There was also a spike below $25,500, and the price tested $25,350.
Bitcoin’s weekly candle closed in red, as we had anticipated.
For a bullish move, Bitcoin needs to maintain its position above $27,000
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Pakistan’s economic landscape has been marred by turbulence, with recent fluctuations in the value of the rupee and a sharp decline in the stock market sparking concerns about the country’s financial stability. Amidst these challenges, the role of political stability in addressing economic crises has come under scrutiny. As the value of the dollar against the rupee continues to fluctuate and the stock market experiences bearish trends, questions arise about the necessity of political stability in steering the economy toward recovery.
After the development increase in the regard of the dollar against the rupee on Thursday, when the stock promotes in addition saw a sharp bearish float, on one side political insecurity was blamed, and on the other hand, the address was raised on social media. Will the conclusion of political instability be able to conclude the pace of money-related decay?
It must be celebrated that the cheapening of the rupee in Pakistan is seen as a marker of the economy, which impacts each part of the economy in one way or another.
After a determined deterioration of the rupee over the past few long time, the rupee remained unassumingly consistent against the dollar interior the extreme few weeks of the PDM government’s understanding with the IMF. There has been a noteworthy increment.
On social media, though Tehreek-e-Insaf supporters kept on clarifying the afterward budgetary downturn as the reason for PDM’s execution and non-election, there was also a range that was of the conclusion that speedy determination of these issues was more crucial than blaming anyone at that time. There’s a course of action.
Isolated from this wrangling, the imperative address is whether political strength is crucial to move forward with diverse money-related conditions, checking the continuation of the disintegration of the rupee.
In the currency market, the interbank dollar closed at Rs 305.47 on the last business day of the PDM government, the highest since the formation of the caretaker government, and closed at Rs 305.54 on Thursday. happened.
During the tenure of the caretaker government, the interbank rate of the dollar has increased to Rs 17.05.
Similarly, on the last trading day of the PDM regime in the open market, the price of one dollar closed at Rs 297.50, recording an increase in the watchdog set up, and on Thursday, its price went up to Rs 325. Thus, its price has recorded an increase of more than 17 rupees so far.
The Pakistan Stock Market closed at 48424 points on the last trading day before the departure of the PDM government.
On Eminent 2023, Anwar-ul-Haq Kakar was sworn in as caretaker prime serve, at that point on Admirable 15, the primary trade day saw a slight boom within the showcase. The stock advertisement saw a negative drift during the week.
The stock advertisement file fell by 200 focuses on the primary trade day, and on Tuesday, the stock advertisement file recorded a decrease of 708 points.
On Wednesday the file recorded a encourage decrease and on Thursday the showcase kept on bearing a sharp bearish slant the showcase record recorded a decrease of 1242 focuses the near of trade after which the list came down to the level of 45002 focuses.
After the foundation of the caretaker government within the nation, the esteem of the dollar expanded apart on the one hand, and on the other hand, the stock advertise was enduring serious sadness.
Concerning the decay in these two financial pointers beneath the caretaker government, financial issues examiner Sana Tawfiq says that the reason for the decay in both financial markers is the increase in instability within the political and financial circumstances of the nation.
He said, “To begin with, it ought to be famous that the delay in giving the decision date after the caretaker set-up has expanded political uncertainty and has made a negative drift within the showcase as financial specialists There are fears that the greatest negative effect of political instability will be on the financial circumstance.
He said, ‘Similarly, the response that came after the increment in power rates and the IMF program was held capable for it, the fear too emerged that in such a circumstance, Pakistan’s IMF program would go acrid. Don’t drop since after the solid reaction to the increment in power rates, will the gas duties increment beneath the IMF conditions or not?
He said that the caretaker government has not given a clear stand on this. Sana said that within the current circumstance, it is seen that the financial conditions may compound, which can hurt the stock showcase and the dollar.
In reaction to an address, he said that although the other installment is to be discharged by the IMF in November, it is still two months absent and the address is whether the caretaker government will be able to form more troublesome choices. Beneath the IMF conditions may well be met as the solid response taken after the climb in control rates has made it troublesome to actualize assist conditions.
It appears from the articulation of the caretaker back serve that he is enduring the choices of the past government. But is the position of Tehreek-e-Insaf adjust that the reason for the financial emergency is the need for races?
Farah Zia said that it would be off-base to say that the reason for this financial emergency is the delay of the race.
But isn’t the budgetary circumstance related to political soundness and a certain degree of dauntlessness is conceivable with the clear date of the choice coming out?
The way our authoritative issues are going, I do not think races will loosen up any issue since cases are being made against a political party, Their individuals are in therapeutic offices, so they do not campaign like this. will be able to On the other hand, a party isn’t talking around races and it isn’t interior the identity of the choice campaign.
In such a circumstance, there’s a need for an exchange between educates to sit down and see at the nuts and jars of how to run Pakistan, how to run the economy, how to run the definitive issues, what will be parcel of the foundation, what will be parcel of the political parties. Will be
“If this discourse does not take put, races must be held within the current circumstance concurring to the structure, and in my conclusion, a few shapes of steadiness will come from it.
“I think the political parties ought to come together since the foundation will likely not play a part in any kind of constitution of the economy since they utilize the political parties against each other.”
Since everybody has had so many encounters it’s a circle that goes on. It may be a backdoor, but everybody ought to have this discussion, and the political parties ought to afterward incorporate the legal and the foundation.
But it must be done sometime recently the race, something else, the decision will not fathom any issue since no single political party can run the nation alone.
The economic crisis in Pakistan underscores the critical interplay between political stability and financial prosperity. The recent depreciation of the rupee, coupled with the downturn in the stock market, highlights the vulnerability of the economy to political uncertainties. While various stakeholders engage in debates over the root causes of the crisis, it is evident that sustainable solutions require a concerted effort to foster political consensus and coherence. Regardless of political affiliations, the imperative remains clear: Pakistan’s economic revival hinges on a foundation of stability, transparency, and collaborative governance.
During the tenure of the caretaker government, the value of the dollar surged, with the interbank rate experiencing a significant increase. The stock market also witnessed a downturn, marked by negative trends and substantial declines in market indices.
The escalation of political and economic uncertainties under the caretaker government played a pivotal role in driving the depreciation of the rupee and exacerbating the downturn in the stock market. Investors’ concerns about political instability and the government’s response to economic challenges further exacerbated market volatility.
Political stability is inherently intertwined with economic stability, as evidenced by the profound impact of political uncertainties on financial markets and investor confidence. The absence of a clear political mandate and coherent policymaking can hinder efforts to address economic crises effectively. Collaborative dialogue among political parties, stakeholders, and institutions is imperative to chart a path toward sustainable economic growth and stability in Pakistan.
Addressing Pakistan’s economic challenges requires a multifaceted approach that prioritizes political stability, policy coherence, and inclusive governance. Meaningful dialogue and collaboration among political parties, coupled with robust economic reforms and prudent fiscal management, can help restore investor confidence and stimulate economic growth. Moreover, transparent and accountable governance mechanisms are essential to instill trust and credibility in Pakistan’s economic trajectory, fostering a conducive environment for sustainable development.
Tragedy struck Johannesburg, South Africa, when a devastating fire engulfed a five-story building in the heart of the city, resulting in the loss of at least 73 lives and leaving 52 individuals injured. The incident occurred in the late hours of the night, shrouding the cause of the fire in mystery and leaving a community reeling from the aftermath. As rescue efforts unfolded amidst the chaos, stories emerged of families desperately seeking loved ones amidst the flames and debris, highlighting the human toll of this calamity.
At scarcest 73 individuals have been murdered and 52 harmed after a late-night fire broke out in a building in central Johannesburg, South Africa.
Concurring to stars, it is still cloudy what caused the fire to break out inside the five-story building at, 1:30 a.m. connecting time.
“As several times as of late long as I realized that there was a fire, I rapidly ran to the building and was looking for out for my young lady,” Treasury Shoping told columnists.
When asked about the condition of the building, he said that various people were living in it “His condition was exceptionally terrible, it was not a put to remain, so I needed to bring him back domestic,” she said.
Talking to nearby TV station Newsroom Africa, Robert Moladzi, a representative for the Crisis Administration Administrations in Johannesburg, said that the five-story building had been cleared out empty a few times prior, but the destitute had moved in amid the winter.
“It was a decrepit building and fire groups are aiming to each floor attempting to clear the flotsam and jetsam,” he said.
He says on this accident ‘I have not seen anything like this till date in my 22 a long time of service.’
He too said that since it isn’t a standard residential building with rent, the building was not being legitimately kept up, and due to the flotsam and jetsam and transitory developments, it was troublesome to discover and protect individuals. It’ll be troublesome to do.
In this regard, the news is also being reported in the local media of South Africa that it may be difficult to identify the dead bodies due to severe burns. According to a report by the South African channel Newsroom Africa, ‘the bodies we saw coming out of the building are very difficult to identify.
The fire in Johannesburg has left an indelible mark on the city and its residents, casting a somber shadow over the community as they mourn the loss of loved ones and grapple with the trauma of the incident. As investigations continue to uncover the circumstances surrounding the fire, questions linger about the safety and conditions of the building, as well as the systemic issues that may have contributed to this tragedy. In the wake of such devastation, the resilience and solidarity of the people of Johannesburg shine through, as they come together to support one another and honor the memory of those who perished in the blaze.
The exact cause of the fire remains unclear, with authorities yet to determine the origins of the devastating blaze. Investigations are underway to ascertain the circumstances leading up to the incident and shed light on the events that unfolded that fateful night.
Reports suggest that the building in central Johannesburg was occupied by individuals who had moved in during the winter months, despite being left vacant previously. Described as decrepit and poorly maintained, the structure posed significant challenges for firefighters and rescue teams attempting to navigate through debris and makeshift constructions.
Rescue teams are facing formidable challenges as they work tirelessly to sift through debris and locate survivors amidst the rubble. The transient nature of the building’s occupants, coupled with the severity of the fire and the extent of burns suffered by victims, has complicated efforts to identify and account for those affected by the tragedy.
In the aftermath of the fire, efforts are underway to provide support and assistance to the affected community in Johannesburg. Local authorities, emergency services, and humanitarian organizations are mobilizing resources to offer medical care, shelter, and counseling services to survivors and families impacted by the tragedy, as the city mourns the loss of lives and grapples with the aftermath of the devastating fire.
Bitcoin, the flagship cryptocurrency, faced a tumultuous journey in 2022, experiencing a significant downturn that saw it lose approximately 65% of its value. As investors and analysts reflect on the events of the past year, the question arises: is Bitcoin a buy, sell, or hold after the recent crash? CAPEX delves into Bitcoin’s performance in 2023 and beyond, analyzing its figures and exploring potential trends in the cryptocurrency market.
Bitcoin misplaced around 65% of its esteem in 2022. Considering the final year, is Bitcoin a Purchase, Offer, or Hold on the later crash? CAPEX looks at Bitcoin’s figures for 2023 and the past.
From the beginning, 2022 appeared the year of major cost adjustments. As all crypto cost patterns begin with Bitcoin, the complete showcase was taken after the Bitcoin crash in 2022.
Bitcoin’s showcase cap came to over $1.27 trillion in November 2021, when Bitcoin surged to a record tall of nearly $69,000.
In any case, in 2022, Bitcoin misplaced nearly 65% of its esteem from the start of the year and came to $17,000 in December 2022.
Whereas Bitcoin has seen huge cost swings sometime recently, this bear advertising is influencing numerous speculators, both retail and corporate. This Bitcoin crash was anticipated by numerous, as we now know that crypto resources have an unstable nature. But is the 2022 Bitcoin drop ever attending to reverse? No one can foresee the end of Bitcoin, and exchanging specialists are attempting to use all accessible showcase measurements to undertake to supply distant better; a much better; a higher; a stronger; an improved, and improved viewpoint on the cryptocurrency showcase.
As more crypto controls are implemented around the world, we are likely to see cost variances within the showcase.
But what can we anticipate from Bitcoin in the future? What lows can BTCUSD cost hit in 2022? Will the Bitcoin cost surge or dive in 5 a long time?
This article addresses all the questions related to Bitcoin cost forecast for 2022 and past, basics, and specialized overhauls.
Bitcoin’s price faces a critical obstacle at the $27,400 resistance
In case of failure to breach $27,400, there’s potential for further downward movement.
Initial support lies around the $27,000 mark.
Initially, Bitcoin surpassed the $27,000 resistance and aimed at the $28,000 zone.
A correction began after reaching about $28,150, leading to drops below $28,000 and $27,500 levels.
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The volatility of Bitcoin’s price has been a defining characteristic of the cryptocurrency market, with 2022 marking another year of significant fluctuations. While the recent crash has raised doubts and concerns among investors, the future of Bitcoin remains uncertain. As regulatory measures continue to shape the cryptocurrency landscape and market dynamics evolve, the trajectory of Bitcoin’s price remains subject to speculation and interpretation. Despite facing critical obstacles and downward pressure, Bitcoin’s resilience and potential for recovery persist, fueling ongoing discussions and debates within the crypto community and beyond.
Bitcoin’s price decline in 2022 was influenced by various factors, including market sentiment, regulatory developments, and macroeconomic trends. The cryptocurrency market, often driven by speculation and investor sentiment, experienced heightened volatility, contributing to the sharp downturn in Bitcoin’s value.
The significant loss in Bitcoin’s value in 2022 prompted concerns and uncertainty among investors, both retail and institutional. The crash highlighted the inherent volatility and risks associated with investing in cryptocurrencies, prompting investors to reassess their strategies and risk tolerance in the face of market fluctuations.
Bitcoin’s price outlook remains uncertain, with analysts and experts offering divergent views on its future trajectory. While some anticipate potential rallies and price surges, others remain cautious, citing regulatory challenges and market uncertainties as potential headwinds. Ultimately, Bitcoin’s price movement will be influenced by a myriad of factors, including investor sentiment, adoption rates, and technological advancements in the cryptocurrency ecosystem.
Regulatory measures, implemented by governments and regulatory bodies worldwide, have had a significant impact on Bitcoin and the cryptocurrency market. Increased scrutiny and regulatory oversight have led to heightened compliance requirements and operational challenges for cryptocurrency exchanges and market participants. As regulatory frameworks continue to evolve, the cryptocurrency market is likely to experience ongoing shifts in dynamics and investor sentiment, shaping the future of Bitcoin and other digital assets.
Bitcoin July monthly closed in the red candle -at 4%.
According to Crypto Quant, the Spot vs. Derivatives volume ratio has dropped from 35% to 6% since January 2023.
This decline in spot volume indicates a new era of low volatility in the cryptocurrency market.
Investors are holding onto their Bitcoins instead of selling them, considering Bitcoin as a valuable asset akin to digital gold.
After enduring a grueling bear market, Bitcoin enthusiasts finally have reasons to celebrate. The crypto giant has shown strong signs of resurgence, signaling the end of the bearish trend that has plagued it for too long. With the stage set for a remarkable turnaround, experts predict an explosive growth in Bitcoin’s price over the next 150 weeks, making long-term Bitcoin holdings highly profitable. The bear market’s demise comes as Bitcoin defies skeptics and displays a robust bullish sentiment. Investor confidence has surged as institutional adoption grows, propelled by major companies and financial institutions entering the crypto space. Bitcoin’s inherent scarcity and decentralized nature have cemented its status as a valuable digital asset, fueling further investor interest.
Recent price movements validate the positive sentiment. Bitcoin price maintained stability above the $30,500 support level. This consolidation period indicates a potential shift in market dynamics, with investors gaining confidence and providing a solid foundation for future growth.
BTC initiated a gradual increase and surpassed the $30,820 resistance zone. This breakthrough demonstrated a clear upward momentum and showcased the growing demand for Bitcoin. The market sentiment shifted from caution to optimism, setting the stage for a potential price explosion.
The price further broke the $31,000 zone and tested the $31,400 resistance level. This upward progression reflects a strengthening bullish trend and a continued influx of buyers into the market. The breakout above key resistance levels signifies a positive shift in sentiment, attracting more participants and driving the price even higher.
Currently, the price is consolidating gains with immediate resistance near $31,450. This period of consolidation is crucial for Bitcoin to gather momentum and build a solid base for further upward movement. It allows investors to assess the market conditions and make informed decisions regarding long-term holdings
Holding Bitcoin for the long term is expected to yield significant profitability over the next 150 weeks. Industry experts foresee an extraordinary surge in Bitcoin’s price, driven by increasing mainstream adoption, improved infrastructure, and growing regulatory clarity. As barriers to entry continue to diminish, the value of Bitcoin is poised to reach unprecedented heights. Moreover, the underlying fundamentals of Bitcoin contribute to its long-term profitability. Its limited supply, established market dominance, and global recognition as a store of value solidify its position as a lucrative investment option. Bitcoin’s finite supply of 21 million coins ensures scarcity, increasing its value proposition over time. Additionally, its decentralized nature eliminates the influence of centralized authorities and provides a hedge against traditional market risks.
By holding Bitcoin for the long term, investors can capitalize on its potential to deliver substantial returns. The anticipated price explosion in the next 150 weeks presents an opportunity for long-term holders to benefit from significant appreciation. However, it is essential to adopt a strategic approach and stay updated with market trends and developments. Active participants in the crypto market, including traders and enthusiasts, understand the importance of strategic decision-making when it comes to holding Bitcoin for the long term. Leveraging advanced trading strategies and technical analysis can help maximize profitability and navigate market fluctuations effectively. Additionally, staying informed about regulatory changes and industry advancements is crucial for making informed investment decisions.
With the bear market officially in the rearview mirror, Bitcoin embarks on an exciting journey. The next 150 weeks promise an explosive price surge, making holding Bitcoin for the long term highly profitable. Bitcoin’s growing mainstream adoption, improved infrastructure, and regulatory clarity set the stage for unprecedented growth. Recent price movements above key resistance levels only strengthen the positive outlook. By recognizing Bitcoin’s potential and adopting a strategic approach, investors can position themselves to reap the rewards of its remarkable journey. Holding Bitcoin for the long term allows individuals to benefit from its inherent scarcity.