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Is $BTC at the end of the correction or the beginning of a new downtrend?
Current price: $113,833
$BTC
Daily Technical Outlook:
RSI = 33: Very close to the oversold area → We may witness a technical rebound soon
MACD: Clearly in a negative direction and expanding in red bars = momentum is still downward
Bollinger Bands: The price is touching the lower limit → Possible signal for a rebound or fluctuation
MA(10) and MA(5): Have been broken and the candles are below = Confirmation of the downward trend unless they are breached again
$BTC
Proposed Strategy: Speculative trade on a technical rebound
Entry
Initial Entry: Between 112,000 – 113,500 (Potential accumulation area)
Confirmatory Entry: If it breaks 115,500 (10-day average)
Targets (in case of rebound):
First Target: 116,800
Second Target: 119,800
Third Target: 122,000 – 123,500
Suggested Stop Loss:
Below the level of 110,000 (Critical local bottom)
Strict stop for speculators: 109,000
Summary:
We are still in a daily downtrend
However, indicators suggest a potential technical rebound in the coming days
Any clear break below 110,000 will confirm the continuation of the drop to the areas of 105,000 then 101,000
#BTC
#Bitcicoin
Current price: $113,833
$BTC
Daily Technical Outlook:
RSI = 33: Very close to the oversold area → We may witness a technical rebound soon
MACD: Clearly in a negative direction and expanding in red bars = momentum is still downward
Bollinger Bands: The price is touching the lower limit → Possible signal for a rebound or fluctuation
MA(10) and MA(5): Have been broken and the candles are below = Confirmation of the downward trend unless they are breached again
$BTC
Proposed Strategy: Speculative trade on a technical rebound
Entry
Initial Entry: Between 112,000 – 113,500 (Potential accumulation area)
Confirmatory Entry: If it breaks 115,500 (10-day average)
Targets (in case of rebound):
First Target: 116,800
Second Target: 119,800
Third Target: 122,000 – 123,500
Suggested Stop Loss:
Below the level of 110,000 (Critical local bottom)
Strict stop for speculators: 109,000
Summary:
We are still in a daily downtrend
However, indicators suggest a potential technical rebound in the coming days
Any clear break below 110,000 will confirm the continuation of the drop to the areas of 105,000 then 101,000
#BTC
#Bitcicoin
U.S. can become a crypto superpower with 'sensible' regulation, Eric Trump
Speaking to CNBC's Dan Murphy in Abu Dhabi, United Arab Emirates, Eric Trump said he'd been a "big fan of crypto for a long time."
His comments come shortly after the price of bitcoin, the world's largest cryptocurrency, climbed above $100,000 for the first time.
Asked whether his father was considering regulatory or deregulatory measures in the crypto space — and what these policies could look like in practice, Eric Trump replied: "It looks like it's transparent. That's what it is."
Trump Jr is on visit to Abu Dhabi attending Bitcoin MENA. In his key note Eric Trump stated that President-elect Donald Trump is planning to make the US the “crypto capital of the world”,
#CryptoNewss #Bitcicoin
Speaking to CNBC's Dan Murphy in Abu Dhabi, United Arab Emirates, Eric Trump said he'd been a "big fan of crypto for a long time."
His comments come shortly after the price of bitcoin, the world's largest cryptocurrency, climbed above $100,000 for the first time.
Asked whether his father was considering regulatory or deregulatory measures in the crypto space — and what these policies could look like in practice, Eric Trump replied: "It looks like it's transparent. That's what it is."
Trump Jr is on visit to Abu Dhabi attending Bitcoin MENA. In his key note Eric Trump stated that President-elect Donald Trump is planning to make the US the “crypto capital of the world”,
#CryptoNewss #Bitcicoin
Bitcoin Surging for its new Recent Highs🔥🔥🔥
In 1971 the price of one ounce gold is $35. Now the same ounce of gold is reached to 3500 Dollars.
The Market capitalization of gold is near to 9 trillion dollars.Why all world economies trust Gold due to its limited supply and world acceptability.
The same characteristics are present in bitcoin its quantity is limited and all world is heading towards the block chain so the bitcoin is digital gold.
The reason for all these explanation is Some people says that the Bitcoin is over priced so what about gold in just 49 years gold has given the absolute return of 10,937% because reserves are printing fiat money 🤑 💰 without hesitation.
So bitcoin price will continued to rise it will be your fault if you donit realized this opportunity.
Bitcoin is bullish in monthly charts and now available in corrections with very low price of 101500 next week easy targets are 110,000.
You can make fortunes out of it with reasonable leverage of 50x.
So lets enjoy the rally and be rich$BTC
#CryptoCPIWatch
#BinanceAlphaPoints
#Bitcicoin
The Market capitalization of gold is near to 9 trillion dollars.Why all world economies trust Gold due to its limited supply and world acceptability.
The same characteristics are present in bitcoin its quantity is limited and all world is heading towards the block chain so the bitcoin is digital gold.
The reason for all these explanation is Some people says that the Bitcoin is over priced so what about gold in just 49 years gold has given the absolute return of 10,937% because reserves are printing fiat money 🤑 💰 without hesitation.
So bitcoin price will continued to rise it will be your fault if you donit realized this opportunity.
Bitcoin is bullish in monthly charts and now available in corrections with very low price of 101500 next week easy targets are 110,000.
You can make fortunes out of it with reasonable leverage of 50x.
So lets enjoy the rally and be rich$BTC
#CryptoCPIWatch
#BinanceAlphaPoints
#Bitcicoin
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