Bitcoin In my opinion, predicting the precise next move of Bitcoin’s price, whether it will reach $28K or $32K, is challenging due to the inherent volatility of the cryptocurrency market. While technical analysis can provide insights into potential support and resistance levels, it’s important to remember that the cryptocurrency market is influenced by a multitude […]
The Bitcoin market has seen some promising signs lately, with bullish sentiment taking over. However, it’s essential to remain cautious as we navigate through these uncertain times. 💡 Bitcoin is bottomed out & Currently in Accumulation Phase. 💡 Experts believe that Bitcoin has found its bottom and is now in an accumulation phase. This presents […]
In the not-so-distant past, Non-Fungible Tokens (NFTs) were the talk of the town, with skyrocketing prices and bustling communities. However, as time passed, the NFT market has experienced a dramatic decline, leaving it in a state of stagnation. Many argue that the NFT bubble has burst, resulting in dwindling interest, inactive communities, and a general […]
Major Trendline and 31k S/R level: A trendline is a line drawn on a price chart that connects important price points. A significant level of support and resistance (S/R) is observed at the $31,000 price level. 5 Consecutive Candle Closes below key level: If the price of Bitcoin has closed below the critical $31,000 level […]
1. No taxes on Bitcoin Biden wants to kill crypto by removing tax loopholes on crypto traders and slapping Bitcoin miners with hefty rates. RFK Jr. on the other hand wants to make Bitcoin exempt from capital gains taxes when converting BTC to USD. A world without taxes on Bitcoin, yes please! Sign me up! […]
Bitcoin’s bounce from the local range lows and RSI’s rebound at 50, suggesting the bearish divergence has run its course. Could we be on our way back to the upper end of the range?Patience is key while we await the breakout direction. #Bitcoin#Altcoins#CryptoMarket Altcoins Are Heating Up! Altcoins are moving across the board, which is […]
DAILY CHART Bitcoin dipped yesterday, but quickly recovered. Now it is continuing to show further weakness. On the positive side, RSI is at 50, which is considered support and if it can close in the current area, then hidden bullish divergence is possible – a higher low on price and lower low on RSI. That […]
Bitcoin’s price is currently experiencing downward movement, approaching the $29,200 level. However, for a potential upward surge in the near future, it is crucial for BTC to surpass the $30,500 mark. The prevailing market conditions show bearish signals as Bitcoin is trading below both the $30,300 level and the 100-hourly Simple Moving Average. On the […]
Price Action Overview Since the past newsletter we saw price testing this 31k level consistently since, the last newsletter was written on the day of the first initial candle, and since then nearly every day there has been a attempt to break higher, resulting in continued wicks and constant pressure but no real breakout. This […]
XRP Is Not a Security It’s about damn time! XRP has been declared NOT a security and Gary Gensler no longer has job security. XRP has been locked in a legal battle with the US Securities Exchange Commission (SEC) since December 2020. The SEC had accused Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen […]