Bitcoin began the week on a positive note, supported by gains in the US markets. As anticipated, BTC has established a support level and is currently retesting it. We may witness a move towards the resistance area, and it will be interesting to see if the price can break through the $100,000 level.
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BLZ Hits $0.1590 🚀
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WLD analysis:
Price has broken through the resistance area and is now retesting it. You can open a long position at the retest with a stop loss. We can expect a bounce after accumulation is complete.
Support Area: $3.25-$3.40
Resistance Area: $4.35-$4.50
DOT analysis:
The price is currently trading in a significant accumulation zone that has lasted over 900 days. We observed a similar situation with XRP, which experienced a strong price increase afterwards. DOT is expected to rally significantly once it breaks above the $11.50 level. It’s a good idea to accumulate some DOT for the mid term. Additionally, with DOT 2.0 set to launch in Q1 2025, this upgrade will serve as a catalyst for the upcoming rally.
Bitcoin is showing weakness and is unable to hold the support area. However, we may reclaim this level very soon. We will see a clear movement tomorrow when the US market opens.
Читать полностью…ATOM analysis:
Price has broken the resistance area and retested the level. You can open a long position around the support area. We may see a continuation of the upward movement towards the next resistance area.
Support Area: $7.25-$8.05
Resistance Area: $10.20-$10.50
Bitcoin's Breakout Above $90.2K – What's Next?
Bitcoin's price has recently surged past the +1σ band, now at $89.5K, indicating that investors are sitting on statistically significant unrealized profits. This milestone often sparks profit-taking activities, as traders look to lock in gains.
However, history tells us that the market can stay in this "overheated" zone for extended periods, particularly when capital inflows are strong enough to absorb sell-side pressure.
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W analysis:
Price is gradually approaching the resistance area. You can open long positions if the price breaks down to the support area. We will see a significant rally if the price is able to break above the resistance area.
Support Area: $0.265-$0.275
Resistance Area: $0.355-$0.388
Entity-adjusted data reveals $BTC profits soaring to a 7-day average of $3.8B, outpacing last cycle’s peak by a staggering $750M.
Читать полностью…Bitcoin played as per the call, price had a retest to the resistance area and showing weakness. Well, nothing confirmed yet. Need to wait for the H4 or Daily candle close to have a confirmed directional bias.
Читать полностью…Educational Post
What Is an EIP?
EIP stands for Ethereum Improvement Proposal. It’s a way for the Ethereum community to suggest upgrades or new ideas for the blockchain. It’s like a blueprint that explains what the change is, why it’s needed, and how it should work. These proposals help Ethereum grow and adapt by keeping everyone on the same page about what’s changing and why.
Why Do EIPs Matter?
EIPs let developers and users work together to improve Ethereum. They ensure changes are well-planned and agreed upon by the community, keeping the system secure and efficient. Whether it’s fixing technical problems or adding new features, EIPs make sure Ethereum stays up to date.
Types of EIPs
Here are the main types of EIPs. Let’s take a look at some of the most common:
Core: These focus on changes to the Ethereum protocol, like updates to how transactions are processed or big upgrades like hard forks.
Networking: These deal with how Ethereum clients communicate, ensuring smooth operation.
Interface: These focus on how users and apps interact with Ethereum.
ERC (Ethereum Request for Comment): These are standards for things like tokens. For example, ERC-20 is the rulebook (token standard) for making fungible tokens.
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MASK analysis:
Price has broken through the resistance area and is continuing its upward movement. You can open a long position at the local support area and add more if the price drops to the major support area.
Local Support Area: $3.60-$3.70
Major Support Area: $3.00-$3.25
Resistance Area: $5.35-$5.80
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🌍 Top Governments Holding Bitcoin in 2024
United States: $19.41B (208,109 BTC) – 1.05% of supply
China: $18.11B (194,000 BTC) – 0.98% of supply
UK: $5.66B (61,000 BTC) – 0.30% of supply
Bhutan: $1.14B (12,207 BTC)
El Salvador: $556.4M (5,947 BTC)
Ukraine: $60.15M (642 BTC)
Venezuela: $22.52M (240 BTC)
Finland: $7.98M (85 BTC)
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Governments hold 482,230 BTC That’s 2.48% of Bitcoin’s circulating supply! worth $45B!
AEVO is continuing its upward trend, and our long position has now gained over 50% profit since our entry. You can raise your stop loss and continue holding the trade. We anticipate a move toward the major resistance area, and we'll observe how the price reacts there. If we break above this major resistance level, it could lead to a significant upward movement.
Major Resistance Area: $0.595-$0.61
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BLZ delivered a massive 100% gain with 10x leverage – the perfect breakout call!
YGG has reached the resistance zone and was rejected on its initial attempt. The price has broken the uptrend channel, which is a bullish signal. It is now retesting the uptrend line, so you can consider opening a long position at this retest if you missed the earlier opportunity.
Support Area: $0.664-$0.675
Resistance Area: $0.72
DOGE analysis:
The first round of DOGE trade generated over 240% profit in spot trading. Now, DOGE is preparing for a second round. We may see an upward rally if the price breaks through the resistance area. Keep an eye on this resistance level and consider adding more DOGE if the price breaks above it and holds.
Resistance Area: $0.426-$0.44
Bitcoin has broken the resistance area and the price is now retesting this level. If the price is able to hold this level, we could see a move towards the all-time high resistance area.
Resistance Area: $99,000-$100,000
THETA has broken above the resistance area, signalling a potential upward rally. You can open a long position during the retest.
Support Area: $1.88-$2.00
Resistance Area: $2.50-$2.55
TON has broken the resistance area and is now trading above it. You can consider adding TON on the retest. We expect a move towards the all-time high resistance area in the coming days.
Support Area: $6.00-$6.25
Resistance Area: $7.40-$7.70
YGG Analysis :
YGG flipped the major resistance level turning it the support zone and also price trending higher within the large channel pattern. Anticipating the higher prices from here towards the Previous higher high and resistance.
Major support : $0.57 - $0.59
Resistance : $0.72
#BLZ/BTC is must buy here
Price just hit the historical bear market support level—where we’ve ALWAYS seen monster pumps before🚀
Short term targets: 10%-30%-50%
#BLZ/USDT breakout retest done on 1D timeframe and now is the time for continuation 🚀
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Buy on Binance: https://www.binance.com/en/trade/BLZ_USDT
Short term targets: 10%-30%-50%