As we mentioned in our previous update, it's crucial to remain cautious. Bitcoin still has a significant hurdle to clear at the $30,000 mark, which we've highlighted with the yellow box on the charts. To truly regain its bullish momentum on a broader time scale, it needs to surpass this level.
In the midst of the excitement caused by these market movements, it's essential to avoid impulsive actions that could put your funds at risk. While better times may be on the horizon, exercising caution and preserving your capital is the smartest move for now.#Shibainu #cryptocurrency #bitcoin #BinanceTournament #pepe
The recent surge in Bitcoin's value is being attributed to Grayscale's victory in the spot ETF case against the SEC. However, it's important to note that this legal win doesn't necessarily guarantee the immediate availability of spot Bitcoin ETFs for regular investors. It's plausible that this price increase might not be entirely organic, potentially indicating a speculative uptrend. In light of these circumstances, it might be prudent to exercise caution and prioritize a more conservative approach to investment. #BTC #ETFs #SEC
PEPE Down 22% Weekly While most other altcoins traded sideways as well last week, PEPE dumped hard following suspicious transfers that turned out to be internal problems and thefts. The popular meme coin slumped by over 20% in a day and failed to recover most of its losses. As such, it's no surprise that PEPE now stands with a 22% weekly drop, especially given its 3% daily decline. The larger-cap alts are also in the red, albeit in a more modest fas
90% of traders can't control their emotions. -They get greedy, they break their rules. - They get angry, they go all in. - They get depressed, they give up. If you can control your emotions, you have an incredible advantage. #cryptocurrency
Your discipline in trading isn't tested when everything is going well. It's tested when shit hits the fan. What you choose to do at that moment will determine your success as a trader. #cryptocurrency #BTC #Worldcoin #BinanceTournament #pepe
Success in trading is not about avoiding mistakes, but how we react to them. Wise traders embrace humility, learn from their missteps, and grow. Emotional traders, on the other hand, let mistakes consume them and perpetuate a cycle of failure. Choose self-reflection over self-destruction. #BTC #cryptocurrency #BinanceTournament #Worldcoin
#BTC Technical indicators: Hourly MACD - The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) - The RSI for BTC/USD is now below the 50 level. Major Support Levels - $25,900, followed by $25,400. Major Resistance Levels - $26,200, $26,500, and $27,000. #ETH #BNB #crypto2023 #BinanceTournament
More Losses in BTC? If Bitcoin fails to clear the $26,200 resistance, it could continue to move down. Immediate support on the downside is near the $25,900 zone or the 61.8% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high. The next major support is near the $25,400 level. A downside break below the $25,400 level might push the price further lower. In the stated case, the price could drop toward $24,800.#crypto2023 #BTC #ETH #BNB #crypto2023
Bitcoin Price Eyes Fresh Increase Bitcoin price tried to settle above the $26,500 resistance level. However, BTC failed to stay above $26,500 and started a fresh decline. There was a move below the $26,250 pivot level. ".The price declined below the 50% Fib retracement level of the upward move from the $25,360 swing low to the $26,780 high. It seems like the price is now stuck in a tiny range above the $25,900 support zone. Bitcoin is now trading below $26,200 and the 100 hourly Simple moving average. There is also a connecting bearish trend line forming with resistance near $26,070 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $26,100 level, the trend line, and the 100 hourly Simple moving average.#BTC #ETH #BNB #cryptocurrency #crypto2023
Bitcoin Price Relatively Muted, What Are Chances of Recovery? Bitcoin price is stuck in a tiny range above the $25,900 support. BTC could start a decent increase if there is a close above $26,200 and then $26,500. Bitcoin is struggling to clear the $26,500 resistance zone. The price is trading below $26,200 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance near $26,070 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt a fresh increase if it clears $26,150 and $26,200. #BinanceTournament #BTC #crypto2023 #cryptocurrency #ETH