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🇺🇸 U.S. congressman introduces new Strategic Bitcoin Reserve bill and says there will be no capital gains on
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📉 Why Bitcoin is falling Bitcoin broke important support levels (for example around ~$90,000) and this triggered automatic sales/liquidations. Investors are currently avoiding high-volatility assets like cryptocurrencies because uncertainty is growing in the markets. For example: reduced expectations for Federal Reserve rate cuts, rising bond yields, weak sentiment in stock markets. #BTC #Bitcoin $BTC
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📊 Well, the doubts were justified, and in the end the majority turned out to be right. The bounce was fake, and the euphoria was premature. 🔴 In the last 24 hours, more than $510,000,000 worth of LONG positions have been liquidated. They’re squeezing out the very last ones. Only the toughest will remain 🔥 #BTC #Bitcoin
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📊 What’s Next for Cardano Price as Key Support Flips to Resistance Cardano has faced a critical support-to-resistance flip, with key Fibonacci levels and bullish signals suggesting potential for a rally. Cardano (ADA) has had a relatively volatile week, experiencing moderate but negative fluctuations in its price over the past few days. The 24-hour chart shows sideways activity, with a slight 0.4% change in the last 24 hours. The price moved from around $0.439 yesterday to settle at its current value of $0.468. This shows a stable pattern of movement for Cardano, as the price stays within a narrow range, suggesting a somewhat consolidated market over the past day. Looking at the longer trend, in the last week, ADA has shown a more significant drop of approximately 16.8%. This performance has left market watchers speculating if ADA will continue to test support levels or flip to the bullish side and test resistance. 🔸 Cardano Price Analysis The ADA weekly chart on TradingView shows price action that highlights key support and resistance levels based on Fibonacci retracement levels. After ADA experienced a rally, peaking at $1.01 around August 14, the price has since retraced and is now testing key Fibonacci levels for support. The most immediate support zone lies at the 1.618 retracement level, around $0.196, which is a critical area to monitor if the price continues to decline. This level represents a strong potential reversal point. On the other hand, the 1 retracement level, positioned around $0.5105, has flipped into resistance, as the price has already fallen below it. Above that, the 0.786 retracement level at $0.6193 and the 0.618 level around $0.70 are important areas to watch, providing resistance zones that ADA bulls must break through. Meanwhile, the MACD at the bottom of the chart supports a bearish outlook, with the histogram showing waning bullish momentum. The MACD line is also below the signal line, another bearish indicator. #ADA #Cardano $ADA
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🔥 Bitcoin has reached a key support zone, a rebound looks likely From the current levels, BTC should show a confident rebound. Growth targets: $100,000 — first resistance zone $108,000 — next target after breaking the first 🐻 The bearish trend will be canceled if Bitcoin holds above the $110,000 level on the weekly timeframe. $BTC #BTC #bitcoin
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🟠 Today, BlackRock sold bitcoins worth more than $523,000,000. Institutional investors and regular traders are actively withdrawing funds from Bitcoin ETFs. #ETF #BlackRock
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