Bitcoin is dumping because the election results predictions are falling and Trump is no longer a favourite. The chances of Trump winning are 50-50 and markets are reacting to this. We expected the volatility and warned you already. A clear move will come after the election result.
Читать полностью…On Thursday, short-term Bitcoin (BTC) holders sent around $2.3 billion (or 32,000 BTC) to exchanges at a loss as Bitcoin's price dipped below $70,000, following a recent surge near an all-time high. This wave of panic selling among holders who had the asset for under 155 days was the largest since the yen carry trade unwind on August 5. Known for reacting to market sentiment, short-term holders often sell during drops and buy during periods of market euphoria. In total, over 54,000 BTC was moved to exchanges on Thursday—the highest since March 27.
Читать полностью…DOT analysis:
The price is currently testing a major support area, and we might observe some accumulation occurring at this level. It's a good opportunity to accumulate some DOT for the long term. We could see a significant rally if the price breaks above the downtrend line.
Support Area: $3.80-$4.00
Resistance Area: $4.45-$4.55
IO analysis:
Price is trading in a triangle pattern and slowly heading towards the support area. You can place your buy orders in the support area for new entries.
Support Area: $1.30-$1.40
Resistance Area: $1.80-$1.85
SOL analysis:
The price is once again approaching the support area. You can consider buying some SOL here if you haven't already done so. After retesting the support area, we may see a continuation of upward movement.
Support Area: $160-$164
Resistance Area: $186-$194
After the significant price surge, Bitcoin has returned to the support level. It is currently holding at this support area, which is a positive sign. We may experience some sideways movement around this support before the next move. High volatility is expected in the coming days.
Читать полностью…According to Glassnode's NUPL (Net Unrealized Profit/Loss) indicator, long-term Bitcoin holders remain resilient, showing no signs of large-scale selling. Instead, they're holding and even accumulating more, suggesting strong confidence in the long-term outlook. The data indicates we're still far from the peak euphoria phase, with the trend currently in an active growth stage.
Читать полностью…ETH analysis:
The price has once again been rejected from the resistance area. We are likely to see a significant rally in ETH if it breaks above this resistance zone. There is an uptrend line that acts as a support area. Currently, the price is in a long accumulation phase, and we may see a breakout in the coming days.
Resistance Area: $2680-$2800
Bitcoin is currently moving sideways as anticipated, sitting only 2% below its all-time high. Today marks the close of the monthly candle, which is a bullish sign. Let's see how the US election results will impact the market.
Читать полностью…https://x.com/CryptoVIPsignal/status/1851659288709931220?t=9F0az_0jsHQ8tZ8pZJJEfw&s=19
Читать полностью…Cash-and-Carry strategies for Bitcoin are currently offering yields around 9.6%—nearly double the returns of short-term U.S. Treasuries. With anticipated Fed rate cuts in the near future, this attractive basis trade is expected to draw even more institutional traders, which could significantly boost Bitcoin's market liquidity. The increased demand from institutions highlights the growing appeal of crypto assets in traditional finance.
Читать полностью…JUV has broken the resistance area and reached a major resistance level. We may see a test of the support area, so consider placing your buy orders in this zone.
Support Area: $1.65-$1.69
Major Resistance Area: $1.79-$1.84
Bitcoin continues its upward movement and has broken above the $73,000 level. We may see some sideways movement following this surge. The market appears bullish, and high volatility is expected until the results of the US election are declared.
Читать полностью…Glassnode data indicates accelerating BTC inflows since early September, signaling growing interest and demand from investors. This steady accumulation trend could fuel momentum, setting the stage for potentially stronger upward movement in the coming months.
Читать полностью…DOGE has broken through the resistance area with a strong green candle, likely in anticipation of the upcoming election. You might consider opening a long position if the price drops closer to the $0.15 level. If Trump wins the election, we could see a significant rally in DOGE.
Читать полностью…BONK analysis:
Price is currently testing the support area and needs to hold this level; otherwise, things could turn bad. You may consider opening a long position with a tight stop loss. We might see a bounce from this point.
Support Area: $0.00001880-$0.00002000
Resistance Area: $0.00002720-$0.00002870
BNB analysis:
Price is currently trading within a narrow range between support and resistance. Since March, the price has remained in this tight range, and a significant breakout could occur at any time. Consider purchasing some BNB and adding more if the price drops to the support level.
Support Area: $530-$545
Resistance Area: $610-$630
Bitcoin is currently trading at the support area, and high volatility is present in the market. We observed a quick pump and dump yesterday and may experience the same in the coming days. Keep a tight stop loss on all open positions.
Читать полностью…According to Glassnode data, BTC outflows from exchanges have surged significantly in the past 48 hours. This increase in outflows suggests that investors might be moving their Bitcoin to cold storage, potentially signaling strong holding sentiment and a positive long-term outlook.
Читать полностью…ETH dropped after rejecting the resistance area. The price tested the support uptrend line and managed to hold at this level. You can open a long position here with a tight stop loss. The resistance level remains unchanged.
Читать полностью…ZRX analysis:
Price is currently trading in a narrow range between support and resistance. It is better to refrain from trading for a while until a clear direction is established.
Support Area: $0.255-$0.265
Resistance Area: $0.375-$0.39
JUV has reached the support area, and you can open long positions here. We may see a bounce from this level towards the resistance area in the coming days. Don't forget to use a tight stop loss on all open positions.
Support Area: $1.65-$1.69
Major Resistance Area: $1.79-$1.84
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CITY analysis:
Price has broken the resistance area and is now retesting it. You can open a long position here with a tight stop loss. We may see a continuation of upward movement in the coming days.
Support Area: $2.14-$2.20
Resistance Area: $2.50-$2.60
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The TOTAL crypto market cap has broken through its long downtrend line, which is a bullish sign. We may see a continuation of upward movement in the coming days. The key resistance level is around $2.50 trillion, and we could expect a good rally if it breaks above this level.
Читать полностью…ENA analysis:
Price is showing upward momentum after testing the support level. We may see a strong rally in the coming days, and you can open a long position at the support level with a tight stop loss.
Support Area: $0.344-$0.39
Resistance Area: $0.654-$0.69
JASMY has bounced back from the support area, and we hope you have opened long positions. The long position is currently over 10% in profit, so please increase your stop loss to the breakeven point and hold the trade. We may see a move toward the resistance area in the coming days.
Resistance Area: $0.024-$0.0255
The big move is finally here, and now you understand why it's called "Uptober." Bitcoin has broken above the key $70,000 level and is holding steady. We can expect this upward trend to continue in the coming weeks.
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