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#Bitfate Connecting People With Real Money. A #Blockchain project Bringing #Bitcoin Beyond Chains & Humans AI.
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#Bitcoin $BTC is currently trading around $88,857 after breaking below the previous support zone of $91,130. This sharp drop indicates strong bearish momentum, with the price now sitting just above the next significant support level at $88,909. A breakdown below this could open the path toward deeper corrections, possibly around $85,000 or lower.
The RSI is trending downward, currently near 30, signaling that the market is close to oversold territory. However, being near oversold doesn't guarantee a reversal; the price can continue to drop if bearish momentum remains strong. If RSI bounces above 30, it might indicate a short-term relief rally.
Momentum indicators are still showing negative pressure, with the money flow index remaining low, suggesting continuous capital outflow from the market. The momentum waves in the lower section of the chart continue trending downward, and there are no clear bullish divergences that would suggest an imminent reversal.
Key resistance levels are now $91,130, $94,245, and $96,069. Any short-term bullish movement would likely face rejection at these levels without significant volume support. On the bearish side, a close below $88,909 would confirm further downside potential.
If Bitcoin holds the current level and RSI recovers, there is a possibility of a short-term bounce to $91,130. However, given the strong bearish sentiment, the more probable scenario is a continuation of the downtrend toward lower support zones. Traders should watch for confirmation of a reversal before considering long positions, as the market remains in a fragile state with bearish momentum dominating.
The RSI is trending downward, currently near 30, signaling that the market is close to oversold territory. However, being near oversold doesn't guarantee a reversal; the price can continue to drop if bearish momentum remains strong. If RSI bounces above 30, it might indicate a short-term relief rally.
Momentum indicators are still showing negative pressure, with the money flow index remaining low, suggesting continuous capital outflow from the market. The momentum waves in the lower section of the chart continue trending downward, and there are no clear bullish divergences that would suggest an imminent reversal.
Key resistance levels are now $91,130, $94,245, and $96,069. Any short-term bullish movement would likely face rejection at these levels without significant volume support. On the bearish side, a close below $88,909 would confirm further downside potential.
If Bitcoin holds the current level and RSI recovers, there is a possibility of a short-term bounce to $91,130. However, given the strong bearish sentiment, the more probable scenario is a continuation of the downtrend toward lower support zones. Traders should watch for confirmation of a reversal before considering long positions, as the market remains in a fragile state with bearish momentum dominating.
#Bitcoin $BTC 4H Chart Analysis & Prediction
1. Price Action:
- The price is trading near $91,575, following a significant sell-off with large red candles.
- There is a small bounce after tapping into a green demand zone, suggesting potential short-term support.
2. Support & Resistance:
- Strong Resistance:
- $93,927
- $94,675 - $95,109 (cluster zone)
- $96,118 - $96,756 (major resistance)
- Support Levels:
- The current green zone around $91,000
- If broken, next support appears closer to $89,000-$88,000.
3. Liquidation Levels (Circles on the Chart):
- The large orange and blue circles represent high liquidation points. The orange circles above** signal potential resistance as trapped longs may sell into rallies.
- The blue circles below suggest liquidity that could attract further downside moves.
4. RSI (Relative Strength Index):
- RSI sits around 24.5, in deep oversold territory, suggesting a potential bounce or consolidation.
- However, RSI can remain oversold during strong downtrends.
5. Momentum Indicators:
- Market Cipher B-like signals:
- Green dots at the bottom, indicating potential bottom formation or relief bounce.
- The momentum waves are still pointing downward but could flatten if buyers step in.
- Bearish Divergence: Still visible in previous moves, so bulls need confirmation before a trend reversal.
6. Money Flow Index (MFI):
- Negative flow continues, showing capital leaving the market, adding bearish pressure.
Scenarios & Predictions:
⚡ Scenario 1: Relief Bounce (Bullish Short-Term)
- If the $91,000 support holds and RSI recovers from oversold, we could see:
- Target 1: $93,927
- Target 2: $94,675 - $95,109 (key decision zone)
- A break above $95,109 with volume could push towards $96,756. However, rejection is likely given heavy liquidity above.
⚡ Scenario 2: Breakdown (Bearish Continuation)
- If $91,000 fails, expect a sharp decline toward:
- Target 1: $89,000
- Target 2: $88,000
1. Price Action:
- The price is trading near $91,575, following a significant sell-off with large red candles.
- There is a small bounce after tapping into a green demand zone, suggesting potential short-term support.
2. Support & Resistance:
- Strong Resistance:
- $93,927
- $94,675 - $95,109 (cluster zone)
- $96,118 - $96,756 (major resistance)
- Support Levels:
- The current green zone around $91,000
- If broken, next support appears closer to $89,000-$88,000.
3. Liquidation Levels (Circles on the Chart):
- The large orange and blue circles represent high liquidation points. The orange circles above** signal potential resistance as trapped longs may sell into rallies.
- The blue circles below suggest liquidity that could attract further downside moves.
4. RSI (Relative Strength Index):
- RSI sits around 24.5, in deep oversold territory, suggesting a potential bounce or consolidation.
- However, RSI can remain oversold during strong downtrends.
5. Momentum Indicators:
- Market Cipher B-like signals:
- Green dots at the bottom, indicating potential bottom formation or relief bounce.
- The momentum waves are still pointing downward but could flatten if buyers step in.
- Bearish Divergence: Still visible in previous moves, so bulls need confirmation before a trend reversal.
6. Money Flow Index (MFI):
- Negative flow continues, showing capital leaving the market, adding bearish pressure.
Scenarios & Predictions:
⚡ Scenario 1: Relief Bounce (Bullish Short-Term)
- If the $91,000 support holds and RSI recovers from oversold, we could see:
- Target 1: $93,927
- Target 2: $94,675 - $95,109 (key decision zone)
- A break above $95,109 with volume could push towards $96,756. However, rejection is likely given heavy liquidity above.
⚡ Scenario 2: Breakdown (Bearish Continuation)
- If $91,000 fails, expect a sharp decline toward:
- Target 1: $89,000
- Target 2: $88,000
🚨 Indian Authorities Seize $190 Million Tied to BitConnect Crypto Scam.
Crypto Market Update: February 2025
The crypto market has been on a wild ride this February, with several key trends and events shaping the landscape. Here’s what you need to know:
Bitcoin and Major Cryptos
Despite some turbulence, the crypto market cap surged to $3.76 trillion in early January, driven by pro-crypto U.S. policies, including President Trump’s executive orders on a national crypto reserve and regulatory frameworks. Bitcoin ($BTC) saw a 11.7% rise, while XRP ($XRP) led the gains with a 47.8% surge due to its thriving DEX activity.
Solana's DeFi Dominance
Solana ($SOL) continues to outpace Ethereum ($ETH) in DEX trading volume for the fourth consecutive month. Solana's Total Value Locked (TVL) jumped 35% to a record $12.1 billion, largely thanks to the launch of memecoins like $TRUMP and $MELANIA, which sparked a 320% spike in weekly DEX volume.
AI Tokens and Memecoins
Artificial Intelligence (AI) remains a dominant narrative, accounting for 44% of market discussions. AI-powered DeFi applications and on-chain trading agents are gaining traction. Memecoins, though often seen as jokes, have significant market impact. Projects like PEPE and DogeWithHat have captured massive audiences and market caps, highlighting the power of effective marketing in the crypto space.
NFT Market Downturn
The NFT market experienced a significant downturn in January, with total sales volume declining across most chains. Bitcoin NFT volume dropped 39.2%, and Ethereum NFT sales fell 39.1%. However, some newer projects saw isolated growth, indicating there's still life in the NFT sector.
Regulatory and Market Uncertainty
Regulatory developments, such as the U.S. Treasury's new reporting requirements for DeFi platforms, are shaping the market. The emergence of DeepSeek’s low-cost AI model and fears of new U.S. tariff policies have introduced volatility, affecting risk assets including crypto.
Crypto Market Update: February 2025
The crypto market has been on a wild ride this February, with several key trends and events shaping the landscape. Here’s what you need to know:
Bitcoin and Major Cryptos
Despite some turbulence, the crypto market cap surged to $3.76 trillion in early January, driven by pro-crypto U.S. policies, including President Trump’s executive orders on a national crypto reserve and regulatory frameworks. Bitcoin ($BTC) saw a 11.7% rise, while XRP ($XRP) led the gains with a 47.8% surge due to its thriving DEX activity.
Solana's DeFi Dominance
Solana ($SOL) continues to outpace Ethereum ($ETH) in DEX trading volume for the fourth consecutive month. Solana's Total Value Locked (TVL) jumped 35% to a record $12.1 billion, largely thanks to the launch of memecoins like $TRUMP and $MELANIA, which sparked a 320% spike in weekly DEX volume.
AI Tokens and Memecoins
Artificial Intelligence (AI) remains a dominant narrative, accounting for 44% of market discussions. AI-powered DeFi applications and on-chain trading agents are gaining traction. Memecoins, though often seen as jokes, have significant market impact. Projects like PEPE and DogeWithHat have captured massive audiences and market caps, highlighting the power of effective marketing in the crypto space.
NFT Market Downturn
The NFT market experienced a significant downturn in January, with total sales volume declining across most chains. Bitcoin NFT volume dropped 39.2%, and Ethereum NFT sales fell 39.1%. However, some newer projects saw isolated growth, indicating there's still life in the NFT sector.
Regulatory and Market Uncertainty
Regulatory developments, such as the U.S. Treasury's new reporting requirements for DeFi platforms, are shaping the market. The emergence of DeepSeek’s low-cost AI model and fears of new U.S. tariff policies have introduced volatility, affecting risk assets including crypto.
The Coinbase collapse wiped out $100 billion from Bitcoin's market value in 15 minutes.
#BTC Bitcoin price fell from $64,000 to $59,000.
This was a roughly 9% swing in 15 minutes, as many Coinbase users began showing a $0 balance in their accounts.
It also happened when Bitcoin was less than 10% away from its new all-time high.
Coinbase is reportedly still working to fix the issue.
Coinbase stock $COIN also fell 5% in the 15 minutes after the outage.
$BTC
#BTC Bitcoin price fell from $64,000 to $59,000.
This was a roughly 9% swing in 15 minutes, as many Coinbase users began showing a $0 balance in their accounts.
It also happened when Bitcoin was less than 10% away from its new all-time high.
Coinbase is reportedly still working to fix the issue.
Coinbase stock $COIN also fell 5% in the 15 minutes after the outage.
$BTC
Will the 2024 Halving Impact Bitcoin?
Bitcoin shows a mechanism implanted in its operations, called Halving, that reduces the reward for the generation of new blocks.
Occurring approximately every four years, Halving remains one of the core processes sitting at the heart of the economics and general market dynamics of Bitcoin. As we approach the Halving of Bitcoin 2024, anticipation and speculation are mounting within the crypto community.
This article dives into the complexities of this Halving and its potential impacts on the value of #Bitcoin The Bitcoin #Halving2024 event is important for investors, enthusiasts, and anyone interested in the constantly evolving digital currency landscape.
What is Bitcoin Halving 2024?
Its most crucial role comes from its impact on scarcity. In fact, the process of the Bitcoin 2024 Halving is built into Bitcoin’s code, ensuring that the total supply of Bitcoins never exceeds 21 million.
By 2024, the reward accumulated from mining a single block would be reduced to 3.125 Bitcoins from the existing 6.25. This mechanism is crucial for Bitcoin value and ensures that the projected number of Bitcoins remains constant at a desired value.
Why is the 2024 Bitcoin Halving Important?
The 2024 Bitcoin Halving definitely matters. Why? First, it discusses the amount of new Bitcoin that will be created and will enter the market. Every time there is a Halving, the amount of new Bitcoin from each new mined block cuts in half. That means there are fewer new Bitcoins created, which can be critical to its value.
Halvings in the past have resulted in significant Bitcoin price changes, though it’s not always right away. Some people think that the next Bitcoin Halving 2024 could lead to another price increase, but it’s important to note that the market can be unpredictable.
It is also critical for the miners who operate powerful computers that help in the creation of new Bitcoins. When the reward is reduced to mine, it becomes difficult and not profitable for the miners whose mining Bitcoins is mainly profit-oriented, especially when the value doesn’t increase.
When Is Next Bitcoin Halving 2024?
When is Bitcoin Halving 2024? The next Bitcoin Halving is scheduled somewhere in the year 2024, although there hasn’t been a specific date. That’s because Bitcoin Halvings are scheduled by the number of blocks mined, not by the calendar.
The Bitcoin Halving 2024 date is approximately every four years or every 210,000 blocks. Estimated from the mining speed that blocks are happening currently, this upcoming Halving is said to take place somewhere around mid-2024.
The excitement keeps building in the progress of this one as the Bitcoin Halving 2024 countdown starts. Tons of websites and app interfaces provide us with a Bitcoin Halving countdown 2024, showing us how close we are to the next Halving. It has become a hot topic among Bitcoin enthusiasts and investors who are eager to see the impact of this phenomenon on the price of Bitcoin as well as its market behavior.
Bitcoin 2024 Halving Price Prediction
What is the Bitcoin price prediction for 2024 Halving? It is hard to give a price for the Bitcoin Halving prediction 2024, especially at the time of the Halving. The price of Bitcoin depends on many things, and Halving is only one of them. In the past, Halvings came after a rise in Bitcoin’s price, but remember that under-performance does not always predict future results.
Experts’ opinions differ on the Bitcoin price prediction after the 2024 Halving. Some say that the reduced supply of new Bitcoins will push the price up, as seen in previous Halvings. However, others cautioned market conditions like investor sentiment and global economic trends also play a significant role in the Bitcoin Halving 2024 price prediction.
For example, the more people become interested in Bitcoin and put faith in its value, the demand will grow, raising the value of the crypto. However, if there are severe changes within the economy or significant regulations on cryptocurrencies like Bitcoin, they will also have an impact on its value.
In short, even if some experts predict a price increase following the Halving in 2024, it’s essential to approach any investment with caution. Like any other strategy, investing in Bitcoin involves risks.
What Will Happen After Bitcoin Halving in 2024?
After the Bitcoin Halving 2024, there will be some effects. The miners who create new units of Bitcoin by mining them will only get half the amount of Bitcoin rewards that they would usually get, and this could mean that some miners will stop and considerably affect or change how Bitcoin’s network functions.
For Bitcoin investors and users, all this means dramatic, unprecedented changes in the market. If history does have something to say about it, then post-Halving Bitcoin may go through the roof, but nothing can be said with certainty. However, the reaction in markets will depend on a mixture of factors such as investor confidence, the state of the global economy, and how many people are using and accepting Bitcoin.
Another aspect is the interest of the public in Bitcoin. A Bitcoin Halving event in 2024 usually brings most of the attention of the public towards Bitcoins, bringing new users and investors. This also could have an impact on the market as there would be increased attention to the currency, and more people would start using it.
In the end, the Bitcoin Halving 2024 is a reminder that Bitcoin is a finite resource. It is always essential to bear in mind that the world of cryptocurrencies is changing all the time. New technologies, regulations, and changes in the global economy might bring some unexpected consequences for Bitcoin and BTC Halving.
Occurring approximately every four years, Halving remains one of the core processes sitting at the heart of the economics and general market dynamics of Bitcoin. As we approach the Halving of Bitcoin 2024, anticipation and speculation are mounting within the crypto community.
This article dives into the complexities of this Halving and its potential impacts on the value of #Bitcoin The Bitcoin #Halving2024 event is important for investors, enthusiasts, and anyone interested in the constantly evolving digital currency landscape.
What is Bitcoin Halving 2024?
Its most crucial role comes from its impact on scarcity. In fact, the process of the Bitcoin 2024 Halving is built into Bitcoin’s code, ensuring that the total supply of Bitcoins never exceeds 21 million.
By 2024, the reward accumulated from mining a single block would be reduced to 3.125 Bitcoins from the existing 6.25. This mechanism is crucial for Bitcoin value and ensures that the projected number of Bitcoins remains constant at a desired value.
Why is the 2024 Bitcoin Halving Important?
The 2024 Bitcoin Halving definitely matters. Why? First, it discusses the amount of new Bitcoin that will be created and will enter the market. Every time there is a Halving, the amount of new Bitcoin from each new mined block cuts in half. That means there are fewer new Bitcoins created, which can be critical to its value.
Halvings in the past have resulted in significant Bitcoin price changes, though it’s not always right away. Some people think that the next Bitcoin Halving 2024 could lead to another price increase, but it’s important to note that the market can be unpredictable.
It is also critical for the miners who operate powerful computers that help in the creation of new Bitcoins. When the reward is reduced to mine, it becomes difficult and not profitable for the miners whose mining Bitcoins is mainly profit-oriented, especially when the value doesn’t increase.
When Is Next Bitcoin Halving 2024?
When is Bitcoin Halving 2024? The next Bitcoin Halving is scheduled somewhere in the year 2024, although there hasn’t been a specific date. That’s because Bitcoin Halvings are scheduled by the number of blocks mined, not by the calendar.
The Bitcoin Halving 2024 date is approximately every four years or every 210,000 blocks. Estimated from the mining speed that blocks are happening currently, this upcoming Halving is said to take place somewhere around mid-2024.
The excitement keeps building in the progress of this one as the Bitcoin Halving 2024 countdown starts. Tons of websites and app interfaces provide us with a Bitcoin Halving countdown 2024, showing us how close we are to the next Halving. It has become a hot topic among Bitcoin enthusiasts and investors who are eager to see the impact of this phenomenon on the price of Bitcoin as well as its market behavior.
Bitcoin 2024 Halving Price Prediction
What is the Bitcoin price prediction for 2024 Halving? It is hard to give a price for the Bitcoin Halving prediction 2024, especially at the time of the Halving. The price of Bitcoin depends on many things, and Halving is only one of them. In the past, Halvings came after a rise in Bitcoin’s price, but remember that under-performance does not always predict future results.
Experts’ opinions differ on the Bitcoin price prediction after the 2024 Halving. Some say that the reduced supply of new Bitcoins will push the price up, as seen in previous Halvings. However, others cautioned market conditions like investor sentiment and global economic trends also play a significant role in the Bitcoin Halving 2024 price prediction.
For example, the more people become interested in Bitcoin and put faith in its value, the demand will grow, raising the value of the crypto. However, if there are severe changes within the economy or significant regulations on cryptocurrencies like Bitcoin, they will also have an impact on its value.
In short, even if some experts predict a price increase following the Halving in 2024, it’s essential to approach any investment with caution. Like any other strategy, investing in Bitcoin involves risks.
What Will Happen After Bitcoin Halving in 2024?
After the Bitcoin Halving 2024, there will be some effects. The miners who create new units of Bitcoin by mining them will only get half the amount of Bitcoin rewards that they would usually get, and this could mean that some miners will stop and considerably affect or change how Bitcoin’s network functions.
For Bitcoin investors and users, all this means dramatic, unprecedented changes in the market. If history does have something to say about it, then post-Halving Bitcoin may go through the roof, but nothing can be said with certainty. However, the reaction in markets will depend on a mixture of factors such as investor confidence, the state of the global economy, and how many people are using and accepting Bitcoin.
Another aspect is the interest of the public in Bitcoin. A Bitcoin Halving event in 2024 usually brings most of the attention of the public towards Bitcoins, bringing new users and investors. This also could have an impact on the market as there would be increased attention to the currency, and more people would start using it.
In the end, the Bitcoin Halving 2024 is a reminder that Bitcoin is a finite resource. It is always essential to bear in mind that the world of cryptocurrencies is changing all the time. New technologies, regulations, and changes in the global economy might bring some unexpected consequences for Bitcoin and BTC Halving.
BlackRock and Fidelity spot #Bitcoin ETFs dominate the top 25 ETFs by assets 1 month after launch — Bloombergs Eric Balchunas
$BTC will pump like this after #halving Take profit and stop loss are mentioned on the chart. Please do your research, I am not a financial advisor. #BTCUSDT #BTCETFS #Bitcoin #BitcoinETFs
UPDATE:🟠 BlackRock and Fidelity surge to over $2b in assets each as Grayscale selling slows down.
JUST IN: 130 year old German VR Bank Bayern Mitte signs partnership with #Bitcoin energy consulting firm Terahash to develop new offerings. "We are expanding our options as part of our Bitcoin strategy," said the bank's Deputy Chairman.
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