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Bitcoin Price Analysis and Token Unlocks: What Lies Ahead.

31 October 2023

by writelyhub.com with 2 Comments Cryptocurrency Economy Free Signals Freelancing Trading

Introduction:

Within the unstable world of cryptocurrencies, Bitcoin is continuously beneath the highlight. Nowadays, let’s take a closer see at the current circumstance with Bitcoin’s cost and up-and-coming token opens.
Bitcoin’s Recent Pattern:

In the 1-hour time frame, Bitcoin is forming an ascending channel. This pattern, though, is bearish, which has caught the attention of traders and investors alike.

If history is any indicator, when Bitcoin follows this pattern, we often see a breakdown. The price tends to head south towards its immediate support level, which, in this case, hovers around $33,200.

Contents
1. Introduction
– Unstable World of Cryptocurrencies
– Focus on Bitcoin’s Price and Upcoming Token Unlocks
2. Bitcoin’s Recent Pattern
– Ascending Channel in the 1-hour Time Frame
– Bearish Nature and Attention from Traders
– Historical Indicators and Potential Breakdown
3. Token Unlocks
– Overview of Significant Token Unlocks
– SUI ($159.7M)
– ImmutableX ($24.1M)
– DYDX ($16.9M)
– GALXE ($11M)
– Nym ($9M)
– Orbler ($8.5M)
– Biconomy ($6.9M)
4. Analyzing the Situation
– Combination of Bitcoin’s Pattern and Token Unlocks
– Climate of Uncertainty in the Cryptocurrency Market
5. Risk and Opportunity
– Volatility as a Double-Edged Sword
– The Role of Risk and Potential Gains
– Impact of Token Unlocks on Market Dynamics
6. Importance of Informed Decision-Making
– Vigilance and Knowledge as Allies
– Planning for the Unforeseen in the Crypto World
7. Conclusion
– Challenging yet Potentially Fulfilling Landscape
– Navigating Instabilities with Analysis and Planning
– Stay Tuned for Updates in the Cryptocurrency World

Bitcoin Price Analysis and Token Unlocks: What Lies Ahead.

Critical Support Level.

For Bitcoin enthusiasts, this is a crucial moment. The cryptocurrency needs to bounce back from this support level. A breakdown of this support could spell trouble, sending the price further down to around $32,500.

Investors are closely watching how Bitcoin behaves in this scenario. The market sentiment can shift rapidly, so it’s a waiting game for many.

Token Unlocks.

Now, let’s shift our focus to some significant token unlocks scheduled for the upcoming week. These events can have a substantial impact on the market.

SUI – $159.7M: The SUI token’s unlock is a major event, with a significant value. Its release could sway the market in different directions.

ImmutableX – $24.1M: ImmutableX, with its $24.1 million token unlock, is another player in the upcoming week’s events. Keep a close eye on how this affects the crypto space.

DYDX – $16.9M: DYDX joins the ranks with its token unlock of $16.9 million. Market dynamics might shift as these tokens become accessible.

GALXE – $11M: GALXE’s token unlock is worth $11 million. The market often responds to such substantial releases.

Nym – $9M: Nym’s $9 million unlock adds to the mix. Cryptocurrency enthusiasts will be monitoring the impact closely.

Orbler – $8.5M: With an $8.5 million unlock, Orbler makes its presence felt. Such events are often opportunities for traders.

Biconomy – $6.9M: Finally, Biconomy steps into the limelight with its $6.9 million token unlock. These releases create ripples in the market.

Analyzing the Situation.

The combination of a potentially bearish pattern in Bitcoin’s price and these substantial token unlocks creates a climate of uncertainty in the cryptocurrency market.

Speculators are hooking with the address of whether Bitcoin will proceed with its descending drift or in case it’ll discover the support it has to bounce back. It’s a situation that grandstands the inborn instability within the crypto space, where costs can swing fiercely inside brief periods.

Risk and Opportunity.

With risk comes opportunity. Within the world of cryptocurrencies, instability may be a double-edged sword. Whereas it can lead to sharp misfortunes, it can also result in critical picks up. Dealers with a tall resistance to chance regularly flourish in this environment, but they confront the plausibility of considerable misfortunes.

The upcoming token unlocks can either add fuel to the fire or provide the stability the market needs. It’s a matter of how these tokens are utilized and the confidence they instill in investors.

The Importance of Informed Decision-Making.

As always, when it comes to cryptocurrencies, vigilance and knowledge are your best allies. Remain educated and arrange for the unforeseen, as the crypto world is known for its shocks. We’ll be keeping a near observation on these improvements and overhaul you as they unfurl.

Whether you are a prepared investor or fair getting begun within the world of cryptocurrencies, keep in mind that advertising elements can alter quickly. It’s fundamental to survey your chance resistance, set clear methodologies, and arrange for an assortment of results.

Conclusion.

In conclusion, Bitcoin’s current design and the up-and-coming token open display a challenging but possibly fulfilling scene. With cautious investigation and strategic planning, speculators can explore these instabilities and make the most of the openings displayed by the crypto market. Remain tuned for advance overhauls as we track the unfurling occasions within the ever-exciting world of cryptocurrency.

FAQs:

What is the current pattern in Bitcoin’s price?
- In the 1-hour time frame, Bitcoin is forming an ascending channel, which is bearish and has drawn attention from traders and investors.
What historical indicators suggest about Bitcoin’s current pattern?
- Historical indicators suggest that when Bitcoin follows this ascending channel pattern, there is often a breakdown, leading the price to head south toward its immediate support level, approximately $33,200.
Why is $33,200 a crucial level for Bitcoin enthusiasts?
- $33,200 is a crucial level because it represents immediate support for Bitcoin. A breakdown below this level could potentially lead to further decline, with $32,500 being the next significant support.

What are the significant token unlocks scheduled for the upcoming week?
- Significant token unlocks include SUI ($159.7M), ImmutableX ($24.1M), DYDX ($16.9M), GALXE ($11M), Nym ($9M), Orbler ($8.5M), and Biconomy ($6.9M).
Why are token unlocks important for the market?
- Token unlocks can have a substantial impact on the market, influencing its dynamics and potentially leading to market shifts.
How does the combination of Bitcoin’s pattern and token unlocks create uncertainty in the market?
- The potentially bearish pattern in Bitcoin’s price combined with substantial token unlocks creates a climate of uncertainty, as speculators are unsure whether Bitcoin will continue its descending trend or find the support needed to bounce back.

What role does risk play in the cryptocurrency market?
- Risk is inherent in the cryptocurrency market, serving as both a challenge and an opportunity. While it can lead to losses, it can also result in significant gains.
Why is informed decision-making crucial in the cryptocurrency market?
- Informed decision-making is crucial due to the inherent volatility in the crypto space. Vigilance, knowledge, and strategic planning are essential for navigating the market effectively.

Bulls Gain Control as Price Nears Critical Levels.

30 October 2023

by writelyhub.com with 5 Comments Cryptocurrency Economy Free Signals Trading Worldwide

Introduction:

Within the ever-volatile world of cryptocurrencies, Bitcoin proceeds to be a captivating subject. Let’s dig into the later improvements to get the current state of the crypto lord.
Bitcoin’s Weekly Candle: A Glimpse into the Battle

The recent Bitcoin weekly candle closed in the green, aligning with our expectations. This green candle is more than just a color change; it’s a pivotal indicator of the ongoing battle between bulls and bears. As we dive into the points of interest, it becomes apparent that the bulls are making a confident move, pointing to thrust the cost upward. In the meantime, the bears show up to be losing their grasp on the showcase, making this an energizing time for crypto devotees.

$37,500: The Critical Resistance Level.

Bulls Gain Control as Price Nears Critical Levels

As Bitcoin’s price surges, it faces a substantial hurdle in the form of the $37,500 resistance level. This level is significant because it has acted as a formidable barrier in the past, a point at which bullish momentum often comes to a halt. A breakthrough here could be the catalyst that propels Bitcoin’s price toward the coveted $40,000 mark. Traders and investors worldwide are keenly watching this level, knowing that it could be a game-changer for the cryptocurrency.

$32,600: A Sturdy Support Level.

Conversely, the crypto market also has its eyes on the $32,600 mark. This level is currently serving as a reliable support zone for Bitcoin. If the price experiences a downward pull, many in the community expect it will find support at this level. It acts as a safety net, preventing the price from slipping too dramatically. In times of uncertainty, support levels like these offer a sense of reassurance to investors and traders alike.

Bitcoin’s Current Range: Balancing Act.

Presently, Bitcoin is maintaining a price range between $34,000 and $35,000. This range demonstrates a period of consolidation, which often occurs before significant market movements. It’s a stage where the cryptocurrency is gathering its quality, and planning for another huge move. Such minutes are basic for both short-term dealers and long-term speculators to create educated choices.
Future Resistance and Support Zones

Beyond the current price levels, the crypto community is closely monitoring the $37,000 to $38,000 range. These are anticipated to be the next critical resistance levels that Bitcoin will need to tackle. Success here could set the stage for an exciting surge in price. Conversely, should Bitcoin face a temporary setback, two important support zones lie at $31,500 and $30,500. These act as safety barriers and serve as fallbacks to stabilize the market.

The Anticipated Move: What Lies Ahead?

With Bitcoin’s price dynamics playing out in real-time, the crypto world is rife with speculation. Many foresee Bitcoin pushing toward the $37,000 mark, anticipating bullish momentum to carry it further. However, others exercise caution, expecting a price correction to follow this surge. In the world of cryptocurrencies, such variations in expectations are par for the course, making it an exciting and unpredictable environment.

Bulls Gain Control as Price Nears Critical Levels.

Conclusion:

In conclusion, Bitcoin’s recent performance indicates that the bulls are regaining control, supported by the positive green candle. However, the road ahead is fraught with challenges, particularly the $37,500 resistance level. On the flip side, $32,600 stands as a robust support level, providing a cushion in case of a downturn. The $37,000 to $38,000 range represents the next battlefield for Bitcoin, with $31,500 and $30,500 as reliable safety nets below. As the crypto world watches with bated breath, the outcome remains uncertain, leaving room for diverse market expectations to flourish.

FAQs: Bulls Gain Control as Price Nears Critical Levels.

1. What does the recent green weekly candle in Bitcoin signify?

The recent green weekly candle in Bitcoin signifies a pivotal indicator of the ongoing battle between bulls and bears. It suggests that bulls are making a confident move, aiming to push the price upward, while bears appear to be losing their grip on the market.

2. Why is the $37,500 resistance level crucial for Bitcoin?

The $37,500 resistance level is significant because it has historically acted as a formidable barrier, often halting bullish momentum. A breakthrough at this level could be a catalyst for Bitcoin’s price to reach the coveted $40,000 mark, making it a crucial point closely monitored by traders and investors worldwide.

3. What is the $32,600 level in Bitcoin’s context?

The $32,600 level serves as a sturdy support zone for Bitcoin. If the price experiences a downward pull, many in the community expect it to find support at this level. It acts as a safety net, preventing the price from slipping too dramatically and offering reassurance to investors and traders in times of uncertainty.

4. What is the current price range for Bitcoin, and what does it signify?

Currently, Bitcoin is maintaining a price range between $34,000 and $35,000. This range suggests a period of consolidation, where the cryptocurrency gathers strength and prepares for significant market movements. It is a crucial stage for both short-term traders and long-term investors to make informed decisions.

5. What are the future resistance and support zones for Bitcoin?

Beyond the current levels, the crypto community is closely monitoring the $37,000 to $38,000 range as Bitcoin’s next critical resistance level. Success here could lead to an exciting surge in price. In case of a setback, important support zones are identified at $31,500 and $30,500, acting as safety barriers to stabilize the market.

6. What are the varied expectations regarding Bitcoin’s future move?

There are diverse expectations within the crypto community regarding Bitcoin’s future move. Some anticipate a push towards the $37,000 mark with bullish momentum, while others exercise caution, expecting a potential price correction following the surge. The unpredictable nature of the crypto world fosters a variety of market expectations.

7. What is the conclusion drawn from Bitcoin’s recent performance?

In conclusion, Bitcoin’s recent performance suggests that the bulls are regaining control, supported by the positive green candle. However, challenges lie ahead, particularly at the $37,500 resistance level. The $32,600 support level provides a robust cushion. The $37,000 to $38,000 range represents the next battleground, with $31,500 and $30,500 as reliable safety nets below. The outcome remains uncertain, allowing for diverse market expectations.

Bitcoin’s Battle at $34,000: What Lies Ahead?

30 October 2023

by writelyhub.com with 6 Comments Cryptocurrency Economy Free Signals Trading Worldwide

Introduction.

Bitcoin’s price is a rollercoaster of emotions for investors, and recently, it has been trying to maintain its position above $34,000, leaving many wondering about the fate of the leading cryptocurrency.

Key Points:

Bulls Holding Strong: The fact that Bitcoin is striving to remain above the $34,000 mark is seen as a positive sign by the bullish side.
Ascending Channel Emerges: A notable development on the weekly charts is the formation of an ascending channel. Even more intriguing is the presence of a trendline within this pattern, positioned around the $37,500 range.

$37,500 as a Hurdle: While the price may move closer to $37,500, it is important to be prepared for potential resistance at this level.
Anticipating a Weekly Candle Close: As today marks the end of the week, market participants are eagerly waiting to see if the candle will conclude with a bullish green or bearish red.

Bitcoin’s Battle at $34,000:

The $34,000 level has become a battleground for Bitcoin, and it’s not just a psychological threshold; it holds significance from a technical standpoint. The ability of Bitcoin to hold steady above this level is being closely watched as an indicator of the strength of bullish sentiment.

The Ascending Channel’s Intrigue:

A careful examination of the weekly timeframe reveals an emerging ascending channel. Technical analysis often forecasts potential price developments using ascending channels. The channel notably features a strategically positioned trendline near $37,500.

The Challenge of $37,500:

Should Bitcoin’s price continue its ascent and near the $37,500 range, it’s essential to acknowledge that this level may serve as a substantial resistance point. Consequently, traders and investors should be prepared for potential price fluctuations when the cryptocurrency approaches this milestone.

The Weekly Candle Closing:

The weekly candle closing is an event that regularly captures the attention of traders. It can play a crucial role in determining market sentiment. As the week concludes, the color of the candle—green or red—holds the potential to change the market’s outlook.

Bitcoin’s Battle at $34,000: What Lies Ahead?

Conclusion:

In summary, the battle at $34,000 continues to be a focal point for Bitcoin. The presence of an ascending channel and a significant trendline near $37,500 has added a layer of complexity to the price action. The weekly candle closes today, sparking anticipation in the crypto world. The potential for a bullish green close could reshape market dynamics. Bitcoin’s price continues to captivate crypto enthusiasts and global investors.

Crypto News.

Thousands of Coinbase users sign up as potential amicus curiae in legal fight with SEC.

SBF Trial – Week 4 concludes with SBF telling the jury he was blindsided by the $8B shortfall.

Sam Bankman-Fried takes the stand with the jury present on the second day of testimony.

Bitcoin’s price surge is not reflected by on-chain activity.

FAQs: Bitcoin Price and Market Analysis.

1. Why is Bitcoin’s battle at $34,000 significant?

Bitcoin’s struggle to maintain its position above $34,000 is crucial as it serves as both a psychological threshold and holds technical significance. It acts as an indicator of the strength of bullish sentiment in the market.

2. What is the significance of the ascending channel on the weekly charts?

The ascending channel observed on the weekly charts is a notable technical pattern. Technical analysis often uses ascending channels to forecast potential price movements. The presence of a trendline within this pattern, particularly around the $37,500 range, adds intrigue to the potential future price developments.

3. Why is $37,500 considered a hurdle for Bitcoin’s price?

$37,500 is seen as a substantial resistance point for Bitcoin. If the price approaches this level, traders and investors should be prepared for potential price fluctuations. Overcoming this hurdle could signify a bullish trend, while facing resistance may lead to increased market volatility.

4. How does the weekly candle closing impact market sentiment?

The weekly candle closing is a significant event for traders as it can play a crucial role in determining market sentiment. The color of the candle—whether green or red—holds the potential to change the market’s outlook and influence future trading decisions.

5. What complexities do the ascending channel and $37,500 present in Bitcoin’s price action?

The presence of an ascending channel and a significant trendline near $37,500 adds complexity to Bitcoin’s price action. Traders must consider these factors in their analysis as they can impact the direction of the market and contribute to increased volatility.

6. What is the latest development in the legal fight between Coinbase and the SEC?

Thousands of Coinbase users have signed up as potential amicus curiae in the legal fight with the SEC. This reflects the growing interest and involvement of the cryptocurrency community in regulatory matters.

7. What happened during Week 4 of the SBF trial?

Week 4 of the SBF trial concluded with SBF (Sam Bankman-Fried) telling the jury that he was blindsided by the $8 billion shortfall. This provides insights into the ongoing legal proceedings and the challenges faced by key figures in the cryptocurrency industry.

8. What testimony did Sam Bankman-Fried provide during the trial?

Sam Bankman-Fried took the stand during the SBF trial’s second day of testimony. The details of his testimony are not specified, but his presence and statements suggest a crucial role in the legal proceedings.

9. How is Bitcoin’s price surge not reflected in on-chain activity?

Despite Bitcoin’s price surge, on-chain activity does not seem to mirror the same level of intensity. This could raise questions about the factors driving the price increase and whether it is supported by fundamental market activity.

Will Bitcoin Defy Resistance to Reach $30,000

Bitcoin’s Ascending Channel Breakdown: A Bearish Shift?

13 October 2023

by writelyhub.com with 4 Comments Cryptocurrency Free Signals Trading

Introduction.

Bitcoin’s recent price breakdown from the ascending channel signals a bearish turn. Ascending channels typically indicate bullish trends, marked by higher highs and higher lows. This shift is a stark reminder of cryptocurrency’s inherent volatility. While the bearish movement raises concerns, it doesn’t guarantee a prolonged downturn. Crypto markets are susceptible to swift changes in sentiment and external factors, making it essential for traders and investors to stay vigilant. Utilizing both technical and fundamental analyses to monitor support and resistance levels, trading volumes, and market news, investors can adapt to the market’s dynamic nature. In summary, the recent channel breakout underscores the unpredictability of the cryptocurrency market, requiring investors to remain flexible and informed in their strategies.

Support at 26,500 holds significant importance for Bitcoin.

It acts as a safety net, preventing excessive declines. However, should Bitcoin’s value dip below this mark, it could potentially signal a prolonged downward trend. Staying above 26,500 is pivotal to maintaining market confidence and stability. Traders and investors closely monitor this level as it often serves as a tipping point in the ever-fluctuating world of cryptocurrency.

For Bitcoin to regain its bullish momentum,

It must reclaim its position above the crucial threshold of 27,000. This level serves as a pivot point for potential upward movements. Traders and investors are closely watching to see if Bitcoin can break through this barrier, as it often signifies a shift towards optimism and market growth. Maintaining a foothold above 27,000 is essential for restoring confidence and attracting positive sentiment in the cryptocurrency market. It represents a critical juncture in the ongoing dynamics of Bitcoin’s price, and its ability to cross this threshold will be closely observed by market participants.

The latest CPI (Consumer Price Index) figures for September have just been released, offering valuable insights into the current state of inflation.

Center Expansion Rate Mother (Month-over-Month) stands at 0.3%. This metric reflects the alter within the cost of products and administrations, barring nourishment and vitality, over the past month. A 0.3% increment shows direct cost changes.

Center Swelling Rate YoY (Year-over-Year) is detailed at 0.4%. This annual degree exhibits the alter in center expansion, giving a longer-term viewpoint. At 0.4%, it shows an unfaltering, though unassuming, increment in costs over the past year.

Bitcoin’s Ascending Channel Breakdown: A Bearish Shift?

The Expansion Rate YoY, which includes all merchandise and administrations, is outstandingly higher at 3.7%. This figure underlines the broader effect of expansion, implying a 3.7% increment in costs for buyers over the past year. It’s a noteworthy marker, capturing the general swelling slant.

Crypto News.

Multimillion FTX hack linked to Russian hackers: Elliptic.

Binance rebrands the feed feature as Binance Square, a social platform with monetization tools.

Deciphering the role of UTXOs in Bitcoin consolidation patterns.

Kraken founder accuses ‘incompetent VCs’ of enabling ‘obvious fraud’ at FTX.

FAQs.

What does the recent price breakdown from the ascending channel indicate for Bitcoin?

The recent price breakdown from the ascending channel signals a bearish turn, contrary to the typical bullish trends associated with ascending channels.

Why is the support level at 26,500 significant for Bitcoin?

The support at 26,500 acts as a safety net, preventing excessive declines. A dip below this mark could potentially signal a prolonged downward trend, making it a crucial level for market confidence and stability.

What is the pivotal threshold for Bitcoin to regain its bullish momentum?

Bitcoin needs to reclaim its position above the crucial threshold of 27,000. This level serves as a pivot point for potential upward movements, signaling a shift towards optimism and market growth.

How do traders and investors monitor market dynamics in the cryptocurrency space?

Traders and investors utilize both technical and fundamental analyses to monitor support and resistance levels, trading volumes, and market news. This approach helps them adapt to the dynamic nature of the crypto market.

What do the latest CPI figures for September reveal about inflation?

The latest Consumer Price Index (CPI) figures show a Month-over-Month (MoM) increase of 0.3%, indicating moderate cost changes. The Year-over-Year (YoY) Core Inflation Rate is reported at 0.4%, reflecting a steady, though modest, increase in prices over the past year. The overall Inflation Rate YoY, including all goods and services, stands at 3.7%, indicating a broader impact of inflation over the past year.

What are the key highlights from the provided Crypto News section?

Highlights include the link between a multimillion FTX hack and Russian hackers, Binance rebranding its feed feature as Binance Square, and the accusation by Kraken founder against ‘incompetent VCs’ enabling ‘obvious fraud’ at FTX. Other topics include deciphering the role of UTXOs in Bitcoin consolidation patterns.

Buying Opportunities of Cryptocurrency.

10 October 2023

by writelyhub.com with 3 Comments Cryptocurrency Free Signals Trading

Introduction:

Ethereum (ETH) has recently encountered a critical juncture, touching a vital support level at $1450. Historical data reveals that this level has consistently prompted significant price rebounds, signaling robust market sentiment. Furthermore, the emergence of a double-bottom pattern adds a layer of optimism, suggesting a potential bullish reversal. Traders and investors closely monitor these indicators, anticipating a favorable upswing toward the $1690 resistance level.

ETH has reached its major support.

ETH has reached its major support level at $1450, where it has shown frequent bounces in the past.

ETH is also forming a double-bottom pattern, which is a bullish reversal pattern.

If ETH follows this pattern, we can expect a bullish move in its price, potentially testing the $1690 level.

Technical Analysis:

ETH’s resilience at the $1450 support level underscores the strength of buyer interest. Traders are keenly observing the developing double-bottom pattern, a reliable bullish reversal formation. Confirmation of this pattern could pave the way for a noteworthy price surge, potentially challenging the $1690 resistance. As always, market participants need to remain vigilant and respond to confirmatory signals to capitalize on potential market movements.

Satoshi’s account on X just dropped a tweet in reverse.

The mystery of who I am will be revealed with lots of evidence in 2024.

This account is associated with self-proclaimed Bitcoin inventor Craig Wright.

Buying Opportunities of Cryptocurrency.

Crypto News Roundup:

Satoshi’s Account Revelation:

The crypto community is abuzz with speculation following a cryptic reverse tweet from Satoshi’s account.

Linked to Craig Wright, the self-proclaimed Bitcoin inventor, this revelation, promised in 2024, introduces an air of anticipation to the crypto landscape.

Crypto Venture Funding Decline:
- Venture funding in the crypto sector experiences a significant contraction, reminiscent of levels observed in 2020.
- The fallout from the SBF trial is identified as a primary contributor to this decline, reflecting the impact of regulatory uncertainties on investor confidence.
UPbit’s AI-Driven Security Measures:
- Amid a surge of hacking attempts, South Korean exchange UPbit deploys advanced AI-driven security measures.
- This successful defense against a 1,800% increase in hacking attempts underscores the importance of evolving cybersecurity measures in the crypto industry.
Unauthorized Operators in the UK:
- The UK’s FCA raises alarms by listing HTX and KuCoin among unauthorized crypto exchanges.
- Traders are reminded of the necessity for due diligence and regulatory compliance, emphasizing the volatile and evolving nature of the crypto market.
SBF Trial Restriction:
- In the ongoing trial of Sam Bankman-Fried (SBF), the DOJ imposes restrictions on highlighting Anthropic investment.
- This legal development adds complexity to the regulatory landscape surrounding crypto entrepreneurs, emphasizing the need for clarity in legal proceedings.

Venture funding for crypto hits lows last seen in 2020 due to SBF trial fallout.

South Korean UPbit counters a 1,800% surge in hacking attempts with AI-driven security measures.

HTX and KuCoin are among exchanges on the UK’s FCA unauthorized operators (https://cryptoslate.com/huobi-

Sam Bankman-Fried Trial: DOJ forbids SBF from highlighting Anthropic investment.

Conclusion:

In summary, Ethereum’s recent interaction with the $1450 support, coupled with the promising double-bottom pattern, sets the stage for potential bullish momentum. As the crypto market navigates regulatory challenges and security concerns, staying informed and adaptive is crucial for investors.

FAQs:

Q: Why is the $1450 support level significant for ETH?

A: Historically, $1450 has acted as a strong support level, prompting substantial price rebounds and reflecting robust market sentiment.

Q: How can traders confirm the double-bottom pattern for potential bullish momentum?

A: Traders should await confirmatory signals, such as a decisive upward price movement following the pattern’s formation, to validate the bullish reversal.

Q: What impact does the decline in venture funding have on crypto innovation?

A: The funding decline, linked to the fallout from the SBF trial, may hinder innovation by limiting resources for crypto projects, potentially slowing down industry development.

Q: Why is UPbit’s successful defense against hacking attempts significant?

A: UPbit’s use of AI-driven security measures showcases the industry’s commitment to enhancing cybersecurity, providing a blueprint for other exchanges to follow suit.

Q: How does the listing of exchanges as unauthorized operators by the FCA affect traders?

A: Traders are urged to exercise caution, emphasizing the importance of regulatory compliance to mitigate risks associated with trading on unauthorized platforms.

Buying Opportunities of Cryptocurrency.

7 October 2023

by writelyhub.com with 3 Comments Cryptocurrency Free Signals Trading

ETH/USDT (Long entry under 1639.5)

Which crypto to buy today for the long term?

Risk Reward TPs:

R1 – 1664 (move SL to BE)
R2 – 1688
R3 – 1713
R4 – 1737

SL below 1615 (risk 1.49% – invest 6.8% per 0.1% capital risk)

BTC/USDT.(Long entry 27075-26950)

(I hold BTC long and will add more on this dip if goes to the buy zone. Most probably it will wipe out stops below Tuesday’s low.

Risk Reward TPs:

R1 – 27524 (move SL to BE)
R2 – 27974
R3 – 28423
R4 – 28872

SL below 26625 (risk 1.66% – invest 6.1% per 0.1% capital risk)
Conditional SL on 4H close below 26850

Bitcoin Update:

4 October 2023

by writelyhub.com with 6 Comments Cryptocurrency Free Signals Trading Worldwide

Introduction.

Bitcoin is still following the Elliott wave pattern, with its price movements displaying a clear and consistent adherence to the principles of wave theory. This suggests that market sentiment and investor behavior align with the Elliott waves’ fractal nature. It provides valuable insights for traders and analysts as they navigate the cryptocurrency market.

Rejection:

The price was rejected from $28,500, which aligns with our earlier analysis and expectations. This rejection at the $28,500 level confirms the accuracy of our previous forecast. It underscores its significance as a critical resistance level for traders and investors to closely monitor for potential trend reversals or further price developments.

If this pattern continues, we will likely witness a sustained downtrend in the Bitcoin price. This would imply that the market dynamics and technical indicators align with the current bearish trajectory, potentially leading to further price depreciation in the near future. Traders and investors should exercise caution and closely monitor key support levels and market sentiment to make informed decisions in this evolving landscape.

Crucial Level:

Immediate support for Bitcoin can be identified at the crucial $27,200 level. This support level has held firm in recent trading sessions, serving as a critical pivot point for price action. However, it’s important to note that a breach below this level could trigger a potentially significant downside movement, with the next major support zone likely lying around $26,500.Traders and investors should closely monitor price developments around these levels as they can provide important signals for market direction and potential trading opportunities.

Critical Resistance:

For a bullish move to materialize, Bitcoin faces a critical hurdle that must be overcome, and that is the critical resistance level at $29,000. Breaking above this pivotal point would signify a potential shift in market sentiment and could pave the way for a sustained upward trajectory in Bitcoin’s price. Traders and investors should closely watch for any signs of strength or momentum near this level as it could signal a bullish trend reversal

Crypto News.

Why is the crypto market up today?

BTC price knocks on $28.5K as trader says Bitcoin ‘reeks of disbelief.

Bitfarms increases mining pace, generating 411 BTC in September.

Sam Bankman-Fried FTX trial — 5 things you need to know.

Revenue surges over 10,000 ETH, and TVL tops 30,000 ETH.

Buy opportunity:

Bullish sign: Link has formed a bullish engulfing pattern on the monthly time frame, which is a strong bullish signal.

Support level: The bullish engulfing pattern formed exactly on a support level, which suggests that the bulls are in control.

Long-term potential: Link is a good project with a strong team and active development. This suggests that it has long-term potential.

There is an opportunity to buy Link on the dip, between $7.469 and $6.982.

Target: We can expect a good upside move in this coin.

1st Target – $8.15

2nd Target – $8.80

3rd Target – $9.443

Stoploss: If the daily candle closes below $6.520, then we should exit the trade.

Table: Key Details of Bitcoin and Link Analysis

Elements	Description
Bitcoin Rejection	Caution is advised for Bitcoin traders due to potential downtrend; emphasis on closely monitoring support and resistance levels.
Crucial Support Level	Immediate support at $27,200; critical pivot point for price action. A breach may trigger significant downside movement.
Critical Resistance Level	Bitcoin faces critical resistance at $29,000; breaking this may signal a potential shift in market sentiment.
Link Analysis	Rejection from $28,500 confirming forecast accuracy; a potential indication of a sustained downtrend.
Link Buy Opportunity	The buying opportunity for Link suggested between $7.469 and $6.982. Targets: $8.15, $8.80, $9.443. Stop-loss if the daily candle closes below $6.520.
Link Short Opportunity	Short opportunity for Link suggested above $7.8; SL above $8.1. Risk-reward TPs: R1 – 7.5 (move SL to BE), R2 – 7.2, R3 – 6.9, R4 – 6.6.
Crypto News Highlights	Key news highlights in the crypto market, including BTC price movements, mining pace, and trial updates.
Emphasis on Vigilance	Caution advised for Bitcoin traders due to potential downtrend; emphasis on closely monitoring support and resistance levels.
Analyzing Market Dynamics	The post provides insights into market dynamics and technical indicators, guiding traders and investors in making informed decisions in the evolving landscape of the cryptocurrency market.

Bitcoin Update:

Alternate short opportunity for link:

The long signal remains valid. While we wait for the price to drop this one is for short.

Short entry above 7.8

SL above 8.1 (risk 3.85% – invest 2.6% per 0.1% capital risk).

Bitcoin Update:

Risk Reward TPs:

R1 – 7.5 (move SL to BE)
1st Target R2 – 7.2
2nd Target R3 – 6.9
3rd Target R4 – 6.6

Conclusion:

In conclusion, Bitcoin continues to follow the Elliott wave pattern, reflecting market sentiment and investor behavior in line with the principles of wave theory. The recent rejection from the $28,500 level aligns with earlier forecasts, emphasizing its significance as a critical resistance point. The possibility of a sustained downtrend underscores the importance of caution for traders and investors. Key levels, such as the crucial $27,200 support and the critical resistance at $29,000, play pivotal roles in shaping future price movements. As the market dynamics evolve, staying vigilant and monitoring both support and resistance levels is essential for making informed decisions in this dynamic cryptocurrency landscape.

FAQs:

Q1: What is the immediate support level for Bitcoin mentioned in the update?

A: The immediate support level for Bitcoin is identified at the crucial $27,200.

Q2: What does the rejection from the $28,500 level indicate for Bitcoin’s price trajectory?

A: The rejection from the $28,500 level confirms the accuracy of previous forecasts and suggests a potential sustained downtrend in Bitcoin’s price, indicating a bearish trajectory.

Q3: What is the critical resistance level that Bitcoin needs to overcome for a bullish move?

A: Bitcoin faces a critical resistance level at $29,000, and breaking above this point could signify a potential shift in market sentiment, paving the way for a sustained upward trajectory.

Q4: What bullish signs are mentioned for the cryptocurrency Link, and at what levels is a buying opportunity suggested?

A: Bullish signs for Link include a bullish engulfing pattern on the monthly time frame, forming exactly on a support level. A buying opportunity for Link is suggested between $7.469 and $6.982.

Q5: What are the suggested targets and stop-loss levels for the Link buy opportunity?

A: The suggested targets for the Link buy opportunity are $8.15 (1st Target), $8.80 (2nd Target), and $9.443 (3rd Target). The stop-loss level is if the daily candle closes below $6.520.

Bitcoin Update:

2 October 2023

by writelyhub.com with One Comment Cryptocurrency Free Signals Online Earning Trading Worldwide

Introduction.

The Bitcoin price broke above the significant $27,000 resistance zone, marking a remarkable milestone in its upward trajectory. This surge is sending ripples through the cryptocurrency market, capturing the attention of both seasoned investors and newcomers alike.

BTC showed impressive momentum as it surged past not only the crucial $27,200 resistance level but also the formidable $27,500 barrier. This upward movement has injected fresh optimism into the cryptocurrency market, attracting heightened interest from traders and investors.

The price surge was so robust that it even managed to test the formidable $28,000 resistance level. This marks a significant moment in the cryptocurrency’s recent history, as it inches closer to uncharted territory, stirring excitement and speculation among market participants.

The cryptocurrency reached a peak at $28,087, showcasing the strength of this bullish run. Currently, it is in a phase of consolidating these substantial gains, a crucial moment for traders and analysts to assess the potential for further upward movement in the near future.

The weekly candle closed on a positive note, painting a green hue on the charts. This bullish closure signifies the ongoing strength and potential resilience of the cryptocurrency’s current upward trajectory.

The next pivotal resistance level that traders and investors are closely watching stands at approximately $28,200. Breaking through this level would be a significant accomplishment and could open the door to further bullish momentum in the cryptocurrency’s price action.

A successful close above the critical $28,200 resistance level has the potential to propel the price even higher, offering further optimism to traders and potentially attracting more buying interest in the cryptocurrency market.

Crypto News.

This Automobile Giant Now Accepts Ripple (XRP) and Shiba Inu (SHIB) for Payments.

Lead Dev Kusama Ends Hiatus, Returns With Cryptic Tweet–

Ripple’s CEO Honors Community for Their Role in Legal Victory–

Bitcoin (BTC) Price in October Foreshadowed by This Historical Pattern —

October is one of the best months for Bitcoin.

October has historically been one of the most favorable months for Bitcoin, with an impressive track record of closing in the green for 8 out of the last 10 years. This consistent performance during the month of October has garnered the attention of traders and analysts alike, who eagerly anticipate whether this trend will hold in the current year.

Bitcoin Update:

Buy some RSR/USDT COIN between 1810 – 1950.

Current price $0.001947

Selling Targets
2365 – 2720 – 3260+

RSR/USDT is showing promising signs and could potentially experience a significant price boom at any moment. Given the positive indicators and market sentiment surrounding this cryptocurrency, it’s advisable to hold onto this gem and keep a watchful eye on its potential for substantial gains shortly.

Key Highlights and Recommendations

Elements	Description
Bitcoin Price Surge	Breaking above $27,000 and $28,000, reaching a peak at $28,087. Fresh optimism and attention in the cryptocurrency market.
Weekly Candle Closure	Positive closure, indicating ongoing strength and potential resilience in Bitcoin’s upward trajectory.
Pivotal Resistance	The historical pattern shows October as a favorable month for Bitcoin, closing in the green for 8 out of the last 10 years.
October Performance	Ripple (XRP) and Shiba Inu (SHIB) accepted payments. Kusama’s lead developer returns. Ripple’s CEO acknowledges the community. Historical patterns foreshadow Bitcoin’s October performance.
Crypto News Highlights	Recommendation to buy RSR/USDT between 1810 – 1950, with the current price at $0.001947. Positive indicators suggest the potential for significant gains.
RSR/USDT Trading	Recommendation to buy RSR/USDT between 1810 – 1950, with the current price at $0.001947. Positive indicators suggest potential for significant gains.

Bitcoin Update:

Conclusion:

Given Bitcoin’s historical track record of positive performance in October, market observers are increasingly anticipating a potential price surge, commonly referred to as a “pump,” and a favorable close by the end of this month. This positive sentiment is bolstered by the cryptocurrency’s past October successes, further fueling optimism among traders and investors as they closely monitor its price movements in the coming weeks.

FAQs:

Q1: What is the significance of Bitcoin breaking above $27,000 and $28,000?

A: Bitcoin breaking above $27,000 and $28,000 marks a remarkable milestone in its upward trajectory, attracting attention and optimism in the cryptocurrency market.

Q2: Why is the $28,200 resistance level crucial for Bitcoin?

A: The $28,200 resistance level is pivotal as breaking through it could open the door to further bullish momentum, offering optimism to traders and potentially attracting more buying interest.

Q3: What historical pattern is mentioned regarding Bitcoin’s performance in October?

A: October has historically been one of the most favorable months for Bitcoin, with an impressive track record of closing in the green for 8 out of the last 10 years.

Q4: What is the trading recommendation for RSR/USDT, and why is it considered promising?

A: The recommendation is to buy RSR/USDT between 1810 – 1950, with the current price at $0.001947. Positive indicators and market sentiment suggest the potential for significant gains shortly.

Bitcoin Update:

23 September 2023

by writelyhub.com with 6 Comments Cryptocurrency Economy Free Signals NEWS Online Earning Trading Worldwide

Introduction

Bitcoin’s journey in the market has been marked by volatility and intrigue. Recently, it exhibited expected behavior by breaking down from the ascending channel, sparking discussions and analyses among market participants.

Analysis of Bitcoin’s Price Movement.

Bitcoin performed as expected, breaking down from the ascending channel and sending prices lower. This move marked a significant shift in the market sentiment, as investors and traders closely monitored the price action for potential signs of a trend reversal.

The price reached nearly $26,300, which is acting as a good support level. This critical support zone has been closely watched by market participants, and its ability to hold could have a significant impact on the future direction of Bitcoin’s price movement.

The weekend market is typically slow, so Bitcoin may remain rangebound until the start of the new week. During this time, traders often assess the market landscape and look for potential catalysts that could drive price action when more participants return to the market at the beginning of the week.

For a bullish move, Bitcoin needs to break above $27,000 with good volume. This key resistance level has been a significant barrier in recent price action, and a successful breach could signal renewed optimism among traders and potentially lead to further upward momentum in the market.

Google Cloud’s Expansion in BigQuery

Google Cloud’s integration of 11 new blockchains into its BigQuery data analytics service represents a significant advancement in blockchain data analysis. This expansion provides users with enhanced capabilities to analyze various blockchain networks and their associated data.

Google Cloud has made a notable expansion in its BigQuery data analytics service by incorporating 11 new blockchains. This integration represents a significant step forward in providing comprehensive data analysis capabilities for blockchain technology, opening up opportunities for users to gain deeper insights into various blockchain networks and their associated data.

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Weekend Market Dynamics

During the weekend, the market tends to experience subdued activity. Traders utilize this period to evaluate market conditions and identify potential catalysts that could shape price action in the upcoming week.

Key Resistance Level at $27,000

Breaking above the $27,000 resistance level is crucial for Bitcoin’s bullish momentum. This resistance has posed a formidable barrier in recent price action, and a successful breach could signal renewed optimism among traders.

Bitcoin Update:

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Highlight of Crypto News

Recent crypto news underscores the dynamic nature of the cryptocurrency market. Price analyses, Bitcoin’s resilience amid market changes, and the environmental impact of Bitcoin mining are among the key topics shaping discussions in the crypto community.

Crypto News.

Price analysis 9/22: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON, DOT, MATIC.

Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar.

Bitcoin mining can help reduce up to 8% of global emissions.

Core Scientific seals $77M Bitmain deal for 27K Bitcoin mining rigs.

Conclusion

In conclusion, Bitcoin’s recent performance reflects its resilience and influence in the cryptocurrency market. As investors navigate market uncertainties, staying informed about market dynamics and emerging trends remains crucial for making informed decisions.

FAQs

What caused Bitcoin to break down from the ascending channel?

Bitcoin’s breakdown from the ascending channel could be attributed to various factors, including shifts in market sentiment, profit-taking by traders, or external events influencing investor behavior. Technical indicators and market dynamics play a crucial role in understanding such price movements.

How significant is the $26,300 support level for Bitcoin?

The $26,300 support level holds significance as it represents a critical price point where buyers have historically stepped in to support Bitcoin’s price. Traders closely monitor this level as a breach could signal further downside momentum, while a successful hold may indicate renewed buying interest.

What are some potential catalysts for Bitcoin’s price action in the upcoming week?

Potential catalysts for Bitcoin’s price action in the coming week may include macroeconomic developments, regulatory announcements, institutional investments, or shifts in investor sentiment towards cryptocurrencies. Market participants analyze these factors to anticipate trends and make informed trading decisions.

What implications does Google Cloud’s expansion in BigQuery have for blockchain data analysis?

Google Cloud’s integration of additional blockchains into BigQuery enhances data analysis capabilities for blockchain technology. This expansion enables users to gain deeper insights into blockchain networks, transaction data, and market trends. It facilitates research, monitoring, and decision-making processes within the blockchain ecosystem.

How can users benefit from the Telegram Premium offer?

Users can benefit from the Telegram Premium offer by gaining access to exclusive features and functionalities not available in the standard version. The discounted rates offered during the promotion period provide users with savings while unlocking a range of premium services, enhancing their overall messaging experience.

Bitcoin Update:

16 September 2023

by writelyhub.com with 2 Comments Cryptocurrency Economy Trading

Introduction

Bitcoin’s recent price movement has closely followed our anticipated direction, with the cryptocurrency breaking down from the rising wedge pattern as expected. This aligns seamlessly with our earlier analysis, highlighting the reliability of our predictions and the technical accuracy of our market assessments. Additionally, Bitcoin’s price dynamics indicate crucial support and resistance levels, offering valuable insights into potential future movements.

Bitcoin price performed as we expected it broke down the rising wedge and moved down.

As expected, the Bitcoin cost has taken after our anticipated direction, effectively breaking down from the already distinguished rising wedge design and starting a descending development.

This price action aligns seamlessly with our earlier analysis, demonstrating the reliability of our predictions and the technical accuracy of our market assessments.

Bitcoin needs to give a daily candle closing above 27,000 to gain a bullish move.

In order for Bitcoin to initiate a substantial bullish momentum, we must observe a decisive daily candle closing above the critical threshold of 27,000. Such a development would not only validate the potential for an upward trend but also signal a shift in market sentiment toward optimism.

This level has proven to be a pivotal point of resistance, and a confirmed breach above it would likely attract renewed investor interest, potentially fueling a sustained bullish trajectory in the cryptocurrency’s price.

The next immediate support level is near $26,000. A Break below this level could send the price near $25,600.

The cryptocurrency’s immediate support level currently rests at approximately $26,000, serving as a crucial point of defense for Bitcoin’s price stability.

A breach below this critical support could pave the way for a further downward trajectory, potentially plunging towards the $25,600 range.

It’s worth noting that this level holds significance as it has historically acted as both support and resistance, making it a key juncture to monitor closely.

A sustained move below $26,000 may indicate increased bearish pressure and could usher in a period of heightened volatility and uncertainty in the market

Top 10 banks investing in cryptocurrencies by market capitalization.

The cryptocurrency landscape has witnessed a significant transformation in recent years, with an increasing number of top-tier financial institutions recognizing the potential of digital assets.

As of the latest data, the top 10 banks, ranked by market capitalization, have made noteworthy strides in embracing cryptocurrencies as a part of their investment strategies. These institutions are not merely passive observers but active participants in the crypto space, reflecting a growing acknowledgment of the technology’s disruptive potential and the evolving financial landscape. Their foray into cryptocurrencies underscores the profound shift occurring in the traditional banking sector, as they seek to diversify their portfolios and leverage blockchain technology to remain competitive in the ever-evolving financial ecosystem.

JPMorgan Chase: $418 billion

Bank of America: $225 billion
Wells Fargo: $150 billion
Morgan Stanley: $140 billion

Commonwealth Bank: $108 billion
Goldman Sachs: $107 billion
UBS: $82 billion

Citigroup: $78 billion
BNY Mellon: $34 billion
Credit Suisse: $3.5 billion

Deutsche Bank to delve Into crypto custody, and tokenization with Taurus.
Binance’s US unit lost two more execs as exchange reels from CEO departure.
Ethereum’s daily active addresses surpass Bitcoin

Polygon release proposals on 2.0 upgrade and POL token migration.
Thai banking giant KBank sets up a $100 million Web3 and AI fund.

Bitcoin Update:

Conclusion

The recent developments in Bitcoin’s price trajectory underscore the importance of technical analysis in understanding market dynamics and making informed trading decisions. As Bitcoin continues to navigate through key support and resistance levels, traders and investors must remain vigilant and adapt their strategies accordingly. By closely monitoring critical price thresholds and market indicators, participants can navigate the cryptocurrency landscape with greater confidence and precision.

FAQs.

What is the significance of Bitcoin’s break from the rising wedge pattern?

Bitcoin’s break from the rising wedge pattern confirms a downward trajectory, indicating potential bearish sentiment in the market. This pattern breakdown aligns with technical analysis principles and can inform trading strategies.

Why is a daily candle closing above $27,000 important for Bitcoin’s bullish momentum?

A daily candle closing above $27,000 signals a potential shift in market sentiment toward optimism and validates the possibility of an upward trend. This level serves as a crucial point of resistance and could attract renewed investor interest.

What are the immediate support and resistance levels for Bitcoin’s price?

Bitcoin’s immediate support level is around $26,000, while resistance lies at $27,000. Breaching these levels could signify further price movements in either direction.

Which top banks are investing in cryptocurrencies by market capitalization?

The top 10 banks investing in cryptocurrencies, ranked by market capitalization, include JPMorgan Chase, Bank of America, Wells Fargo, Morgan Stanley, Commonwealth Bank, Goldman Sachs, UBS, Citigroup, BNY Mellon, and Credit Suisse.

What recent developments have occurred in the cryptocurrency space?

Recent developments include Deutsche Bank’s venture into crypto custody and tokenization with Taurus, Binance US losing executives amid CEO departure, Ethereum’s daily active addresses surpassing Bitcoin, Polygon’s proposals for 2.0 upgrade and POL token migration, and Thai banking giant KBank setting up a $100 million Web3 and AI fund.