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As of June 12, 2025, Bitcoin (BTC) is trading at approximately $107,494 USD, experiencing a slight decline of 1.83% over the past 24 hours.
Recent developments include a significant investment of $29.85 million by an anonymous investor, sparking discussions about potential market manipulation or strategic positioning. Additionally, Ukraine is considering adding Bitcoin to its national reserves, marking a historic move towards cryptocurrency adoption. Meanwhile, the Czech Republic faces political fallout following a $45 million Bitcoin donation to the Ministry of Justice, leading to the resignation of the Justice Minister.
These events highlight the growing influence of Bitcoin in global financial systems and the increasing scrutiny it faces from governments and regulators.
$BTC
#BTC #coinaute
Recent developments include a significant investment of $29.85 million by an anonymous investor, sparking discussions about potential market manipulation or strategic positioning. Additionally, Ukraine is considering adding Bitcoin to its national reserves, marking a historic move towards cryptocurrency adoption. Meanwhile, the Czech Republic faces political fallout following a $45 million Bitcoin donation to the Ministry of Justice, leading to the resignation of the Justice Minister.
These events highlight the growing influence of Bitcoin in global financial systems and the increasing scrutiny it faces from governments and regulators.
$BTC
#BTC #coinaute
Ethereum News: Ethereum Whale Bets $11M on Bull Flag Breakout as ETH Eyes 30% Rally to $3,670
AI Summary
Key Points:
Whale opens $11.15 million ETH long with 25x leverage at $2,758.
ETH price rises to $2,850, pushing unrealized profit to $366,000.
Options market shows bullish skew as traders bet on near-term upside.
Bull flag breakout pattern targets a 30% ETH rally to $3,670.
A high-leverage Ethereum long trade signals mounting bullish sentiment as ETH price breaks out of a key technical pattern, potentially setting the stage for a 30% rally toward $3,670 by the end of June.
$11M ETH Long Trade Fuels Bullish Outlook
On June 10, a crypto whale opened a $11.15 million long position on Ethereum using 25x leverage, entering at an average price of $2,758.35. The leveraged position totals 4,000 ETH, with a liquidation price of $2,466, suggesting strong conviction in short-term upside despite a narrow risk margin.
As Ethereum price climbed to $2,850 on June 11, driven by optimism over a possible Fed rate cut, the whale's trade entered $366,000 in paper profit, according to onchain tracking.
Ethereum Options Skew Turns Sharply Bullish
Ethereum’s options market is showing signs of growing trader confidence. The 25-delta skew—a metric reflecting demand for bullish vs. bearish options—has shifted further into negative territory, indicating increased appetite for call options.
1-week skew: Dropped from -2.4% to -7.0%
1-month skew: Declined from -5.6% to -6.1%
This steep drop reflects short-term bullish positioning, suggesting that traders expect additional ETH upside in the coming days.
ETH Breaks Bull Flag, Targets 30% Rally to $3,670
Ethereum’s price structure shows a clear breakout from a bull flag pattern, a continuation formation that typically signals further upside. The move follows a 100% recovery from April lows, fueled by the Pectra upgrade and Ethereum Foundation restructuring.
#ETH $ETH #Tradersleague #coinaute
AI Summary
Key Points:
Whale opens $11.15 million ETH long with 25x leverage at $2,758.
ETH price rises to $2,850, pushing unrealized profit to $366,000.
Options market shows bullish skew as traders bet on near-term upside.
Bull flag breakout pattern targets a 30% ETH rally to $3,670.
A high-leverage Ethereum long trade signals mounting bullish sentiment as ETH price breaks out of a key technical pattern, potentially setting the stage for a 30% rally toward $3,670 by the end of June.
$11M ETH Long Trade Fuels Bullish Outlook
On June 10, a crypto whale opened a $11.15 million long position on Ethereum using 25x leverage, entering at an average price of $2,758.35. The leveraged position totals 4,000 ETH, with a liquidation price of $2,466, suggesting strong conviction in short-term upside despite a narrow risk margin.
As Ethereum price climbed to $2,850 on June 11, driven by optimism over a possible Fed rate cut, the whale's trade entered $366,000 in paper profit, according to onchain tracking.
Ethereum Options Skew Turns Sharply Bullish
Ethereum’s options market is showing signs of growing trader confidence. The 25-delta skew—a metric reflecting demand for bullish vs. bearish options—has shifted further into negative territory, indicating increased appetite for call options.
1-week skew: Dropped from -2.4% to -7.0%
1-month skew: Declined from -5.6% to -6.1%
This steep drop reflects short-term bullish positioning, suggesting that traders expect additional ETH upside in the coming days.
ETH Breaks Bull Flag, Targets 30% Rally to $3,670
Ethereum’s price structure shows a clear breakout from a bull flag pattern, a continuation formation that typically signals further upside. The move follows a 100% recovery from April lows, fueled by the Pectra upgrade and Ethereum Foundation restructuring.
#ETH $ETH #Tradersleague #coinaute
#USChinaTradeTalks this is highly recommend usdchina trade talks #coinaute #CoinPairs2025 #CoinPairWithBNB
Meme coins, an important segment of the Solana ecosystem, have been experiencing strong downturns lately following an unexpected rally in May.
Fartcoin (FARTCOIN), one of the best-performing meme coins last month, has gone down by nearly 15% in the past 24 hours while dogwifhat (WIF) has experienced a similar retreat of more than 9%.
Weekly trading volumes across Solana DEXs have dropped by 22% in the past 7 days according to data from DeFi Llama.
This would be the fourth consecutive week of decreasing trading volumes as traders may have been spooked by the latest downturns. In an over-leveraged market like this, even the smallest declines can blow up millions worth of long positions.
SOL Could Drop to $115 If Bullish Structure Falters
Solana’s daily chart shows that the $180 level acted as a strong ceiling for the price action two times in a relatively short period.
This formed a double-top pattern that has played out as expected lately, with a strong decline toward the token’s second-best higher high as the market scrambles to look for further liquidity to keep the rally going.
The token’s bullish structure is still holding up. However, a bearish breakout below this key level could ignite a strong downward movement toward the $115 – $120 area. #NewsAboutCrypto #news_update #sol #coinaute
Fartcoin (FARTCOIN), one of the best-performing meme coins last month, has gone down by nearly 15% in the past 24 hours while dogwifhat (WIF) has experienced a similar retreat of more than 9%.
Weekly trading volumes across Solana DEXs have dropped by 22% in the past 7 days according to data from DeFi Llama.
This would be the fourth consecutive week of decreasing trading volumes as traders may have been spooked by the latest downturns. In an over-leveraged market like this, even the smallest declines can blow up millions worth of long positions.
SOL Could Drop to $115 If Bullish Structure Falters
Solana’s daily chart shows that the $180 level acted as a strong ceiling for the price action two times in a relatively short period.
This formed a double-top pattern that has played out as expected lately, with a strong decline toward the token’s second-best higher high as the market scrambles to look for further liquidity to keep the rally going.
The token’s bullish structure is still holding up. However, a bearish breakout below this key level could ignite a strong downward movement toward the $115 – $120 area. #NewsAboutCrypto #news_update #sol #coinaute
#CryptoCharts101 Everyone talks about “breakouts.” Few talk about how to validate them.
Here’s the truth: most breakouts aren’t real. They’re traps. Engineered moves. Candle spam with volume cosmetics. If you want to enter smart, learn to filter them.
Let’s say price breaks resistance. Big green candle. Hype in the air.
Ask:#BinanceAlphaAlert #MarketPullback #coinaute #CoinPairs2025
Here’s the truth: most breakouts aren’t real. They’re traps. Engineered moves. Candle spam with volume cosmetics. If you want to enter smart, learn to filter them.
Let’s say price breaks resistance. Big green candle. Hype in the air.
Ask:#BinanceAlphaAlert #MarketPullback #coinaute #CoinPairs2025
#BigTechStablecoin
"BigTechStablecoin Update: What's Hot and What's Not? 🚀💸
Stay informed about the latest developments in stablecoins, from adoption to regulation. Get insights on how Big Tech is shaping the future of digital payments! 💰👀
#coinaute #news #BinanceSquareBTC #TrumpTariffs
"BigTechStablecoin Update: What's Hot and What's Not? 🚀💸
Stay informed about the latest developments in stablecoins, from adoption to regulation. Get insights on how Big Tech is shaping the future of digital payments! 💰👀
#coinaute #news #BinanceSquareBTC #TrumpTariffs
#TrumpVsMusk #Mask #mask #coinaute It might well be able to combine Web 2.0 and Web 3.0, but what is mask network (MASK)?
Let’s see what we can find out about MASK, and also take a look at some of the mask network price predictions that were being made as of 29 March 2023.
Mask Network explained
One of the many things that its enthusiasts and evangelists like to praise about the blockchain and the phase of the internet known as Web 3.0 is that it offers people privacy.
With concerns about web giants holding too much of their customers’ and users’ data, it is, perhaps, understandable that there are people out there who want to take back control of their own personal information.
Therefore, it makes sense to learn that there are places, platforms and applications that allow people to gain control of their data by publishing web posts and messages on an encrypted basis, and also that some of these platforms are based on the blockchain. The Mask Network is one such program.
Based on the Ethereum (ETH) blockchain, it was founded by crypto entrepreneur Suji Yan in 2019.
The app, which is available on mobile phones, allows encrypted messages to be shared on social media sites such as Twitter and Facebook (META), in effect using the technology of Web 3.0 on the poster children of Web 2.0. The system also allows people to trade both cryptocurrency and non-fungible tokens (NFTs) on social media.
As the system’s website says: “By bringing the amazing decentralised application ecosystem onto traditional social networks, the Mask extension provides a decentralised option for features [that] Web 2.0 users are familiar with.
Let’s see what we can find out about MASK, and also take a look at some of the mask network price predictions that were being made as of 29 March 2023.
Mask Network explained
One of the many things that its enthusiasts and evangelists like to praise about the blockchain and the phase of the internet known as Web 3.0 is that it offers people privacy.
With concerns about web giants holding too much of their customers’ and users’ data, it is, perhaps, understandable that there are people out there who want to take back control of their own personal information.
Therefore, it makes sense to learn that there are places, platforms and applications that allow people to gain control of their data by publishing web posts and messages on an encrypted basis, and also that some of these platforms are based on the blockchain. The Mask Network is one such program.
Based on the Ethereum (ETH) blockchain, it was founded by crypto entrepreneur Suji Yan in 2019.
The app, which is available on mobile phones, allows encrypted messages to be shared on social media sites such as Twitter and Facebook (META), in effect using the technology of Web 3.0 on the poster children of Web 2.0. The system also allows people to trade both cryptocurrency and non-fungible tokens (NFTs) on social media.
As the system’s website says: “By bringing the amazing decentralised application ecosystem onto traditional social networks, the Mask extension provides a decentralised option for features [that] Web 2.0 users are familiar with.
🚨💥 Are We on the Brink of a New Meme Coin Explosion? 💥🚨
📅 Date: June 7, 2025
While the crypto market remains relatively calm, some strange movements are raising eyebrows:
Crypto whales have been accumulating massive amounts of a new meme coin called Arctic Pablo Coin (APC), which features a unique deflationary mechanism.
Despite its bizarre name, Fartcoin (FARTCOIN) attracted over $9.5 million in investments from major players—signaling growing confidence in its potential.
SPX6900 (SPX) showed strong performance in May, and analysts expect it to climb even higher in June, fueled by high daily trading volume and strong retail community support.
❓ The Big Question: Are these moves the beginning of a new meme coin wave that could surpass DOGE and PEPE?
#pepe #coinaute #BTC #Binance
📅 Date: June 7, 2025
While the crypto market remains relatively calm, some strange movements are raising eyebrows:
Crypto whales have been accumulating massive amounts of a new meme coin called Arctic Pablo Coin (APC), which features a unique deflationary mechanism.
Despite its bizarre name, Fartcoin (FARTCOIN) attracted over $9.5 million in investments from major players—signaling growing confidence in its potential.
SPX6900 (SPX) showed strong performance in May, and analysts expect it to climb even higher in June, fueled by high daily trading volume and strong retail community support.
❓ The Big Question: Are these moves the beginning of a new meme coin wave that could surpass DOGE and PEPE?
#pepe #coinaute #BTC #Binance
📢 #Contentos ($COS): Empowering Decentralized Content Creation 🎥
📌 Current Price (June 2025): $0.0032
🔮 2030 Price Prediction: Up to $0.14945
🔍 Fundamental Highlights:
Decentralized Content Ecosystem: Contentos aims to build a decentralized digital content community, allowing creators to have full ownership and control over their content.
biztechafrica.com
COS.TV Platform: A decentralized video platform where users can upload, watch, and share videos while earning rewards in COS tokens.
biztechafrica.com
COS.SPACE Metaverse: An immersive virtual space for creators to showcase content, host events, and engage with audiences in a 3D environment.
biztechafrica.com
Robust Token Utility: COS tokens are used for transactions, staking, and governance within the Contentos ecosystem.
📈 Price Trajectory:
Short-Term (2025): Analysts predict COS could reach up to $0.0357 by the end of 2025, reflecting growing adoption and platform development.
Long-Term (2030): Projections suggest a potential rise to approximately $0.14945, indicating strong long-term growth prospects.
priceforecastbot.com
🚀 Investment Insight:
With its focus on decentralizing content creation and empowering creators, #Contentos presents a compelling opportunity in the evolving digital media landscape.
biztechafrica.com
#coinaute S #Contentos #DecentralizedMedia #BlockchainContent #CryptoInvesting #Web3 3 #DigitalCreators #Metaverse #Crypto2025 #Crypto2030
📌 Current Price (June 2025): $0.0032
🔮 2030 Price Prediction: Up to $0.14945
🔍 Fundamental Highlights:
Decentralized Content Ecosystem: Contentos aims to build a decentralized digital content community, allowing creators to have full ownership and control over their content.
biztechafrica.com
COS.TV Platform: A decentralized video platform where users can upload, watch, and share videos while earning rewards in COS tokens.
biztechafrica.com
COS.SPACE Metaverse: An immersive virtual space for creators to showcase content, host events, and engage with audiences in a 3D environment.
biztechafrica.com
Robust Token Utility: COS tokens are used for transactions, staking, and governance within the Contentos ecosystem.
📈 Price Trajectory:
Short-Term (2025): Analysts predict COS could reach up to $0.0357 by the end of 2025, reflecting growing adoption and platform development.
Long-Term (2030): Projections suggest a potential rise to approximately $0.14945, indicating strong long-term growth prospects.
priceforecastbot.com
🚀 Investment Insight:
With its focus on decentralizing content creation and empowering creators, #Contentos presents a compelling opportunity in the evolving digital media landscape.
biztechafrica.com
#coinaute S #Contentos #DecentralizedMedia #BlockchainContent #CryptoInvesting #Web3 3 #DigitalCreators #Metaverse #Crypto2025 #Crypto2030
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Urgent: President Trump reveals Bitcoin ETF fund.
#BinanceAlphaAlert
#MyCOSTrade
#coinaute
$BTC
$XRP
$PEPE
#BinanceAlphaAlert
#MyCOSTrade
#coinaute
$BTC
$XRP
$PEPE
Ethereum ETF Approved 🚀 | Are AI Coins the Next 100x Gems?
🔥 Ethereum ETF Approved: ETH to $5,000? AI Coins on Fire
📅 June 1, 2025 | ✍️ @CryptoAlpha
---
🚀 Big Win for Ethereum!
The U.S. SEC has approved the Ethereum Spot ETF, pushing ETH above $4,000. Analysts now eye $5,000+ soon as institutional money flows in.
---
🤖 AI Coins Are Quietly Pumping
While ETH grabs headlines, AI tokens like FET, AGIX, RNDR are exploding with 30–50% gains this week.
Top AI Picks:
FET – Decentralized AI agents
AGIX – AI infrastructure
RNDR – GPU rendering for AI/Metaverse
TAO – Scalable AI networks
---
📈 What’s Next?
This could be the start of a new bull run. Ethereum ETF + AI boom = perfect storm.
---
💬 Your Take?
Will ETH hit $5K? Which AI coin are you holding?
Drop your thoughts & follow for daily alpha!
#ETH #EthereumETF #TradingTypes101 AIcoins #coinaute ryptoNews #BinanceSquare
📅 June 1, 2025 | ✍️ @CryptoAlpha
---
🚀 Big Win for Ethereum!
The U.S. SEC has approved the Ethereum Spot ETF, pushing ETH above $4,000. Analysts now eye $5,000+ soon as institutional money flows in.
---
🤖 AI Coins Are Quietly Pumping
While ETH grabs headlines, AI tokens like FET, AGIX, RNDR are exploding with 30–50% gains this week.
Top AI Picks:
FET – Decentralized AI agents
AGIX – AI infrastructure
RNDR – GPU rendering for AI/Metaverse
TAO – Scalable AI networks
---
📈 What’s Next?
This could be the start of a new bull run. Ethereum ETF + AI boom = perfect storm.
---
💬 Your Take?
Will ETH hit $5K? Which AI coin are you holding?
Drop your thoughts & follow for daily alpha!
#ETH #EthereumETF #TradingTypes101 AIcoins #coinaute ryptoNews #BinanceSquare
🚀🐸 Could Pepe (PEPE) Rocket to Meme Coin Supremacy in 2024? ChatGPT Weighs In !
What's Cooking for Pepe?
The buzz is real! The frog-themed meme sensation, Pepe (#PEPE), is taking the crypto world by storm with a jaw-dropping surge in value! After hitting a record peak on May 15, its market cap nearly kissed the $5 billion mark. Now ranking as the third titan in the meme coin universe, trailing only behind giants like Dogecoin (DOGE) and Shiba Inu (SHIB), Pepe is on everyone's watchlist.
Curious about its prospects, we tapped the insights of ChatGPT. Could Pepe leapfrog its competitors and dominate in 2024? According to the AI-powered oracle, it’s all about momentum: "If PEPE maintains its explosive growth trajectory and eclipses other meme coins in market size and trade volumes, it could snatch the crown as the top meme coin."
But that's not all! The ascent also hinges on robust community engagement and nods from high-profile influencers. Despite Shiba Inu (SHIB) boasting the strongest fanbase per a recent study, Pepe isn't far behind. And let’s not forget, Dogecoin’s top fan is none other than tech mogul Elon Musk.
Adding to the drama, a provocative image from one of the wealthiest tycoons, featuring a frog dressed as a soldier, stirred the pot further, hinting at a burgeoning pro-PEPE wave.
Just a year since its inception in April 2023, Pepe has morphed from a mere newcomer to a headline-grabbing phenom. As it continues to captivate traders and major exchanges, all eyes are on this green contender. Will 2024 be the Year of Pepe? Stay tuned to #MemeWatch2024! #memecoins #binance
👍 Like | 💬 Comment | ↪️ Share🚀
🔥 Please follow @Coinaute Binance Square account ! 🚀🔥
- Website: coinaute.com
- Twitter: Coinaute EN
- Binance Square #coinaute
#CryptoWatchMay2024
The buzz is real! The frog-themed meme sensation, Pepe (#PEPE), is taking the crypto world by storm with a jaw-dropping surge in value! After hitting a record peak on May 15, its market cap nearly kissed the $5 billion mark. Now ranking as the third titan in the meme coin universe, trailing only behind giants like Dogecoin (DOGE) and Shiba Inu (SHIB), Pepe is on everyone's watchlist.
Curious about its prospects, we tapped the insights of ChatGPT. Could Pepe leapfrog its competitors and dominate in 2024? According to the AI-powered oracle, it’s all about momentum: "If PEPE maintains its explosive growth trajectory and eclipses other meme coins in market size and trade volumes, it could snatch the crown as the top meme coin."
But that's not all! The ascent also hinges on robust community engagement and nods from high-profile influencers. Despite Shiba Inu (SHIB) boasting the strongest fanbase per a recent study, Pepe isn't far behind. And let’s not forget, Dogecoin’s top fan is none other than tech mogul Elon Musk.
Adding to the drama, a provocative image from one of the wealthiest tycoons, featuring a frog dressed as a soldier, stirred the pot further, hinting at a burgeoning pro-PEPE wave.
Just a year since its inception in April 2023, Pepe has morphed from a mere newcomer to a headline-grabbing phenom. As it continues to captivate traders and major exchanges, all eyes are on this green contender. Will 2024 be the Year of Pepe? Stay tuned to #MemeWatch2024! #memecoins #binance
👍 Like | 💬 Comment | ↪️ Share🚀
🔥 Please follow @Coinaute Binance Square account ! 🚀🔥
- Website: coinaute.com
- Twitter: Coinaute EN
- Binance Square #coinaute
#CryptoWatchMay2024
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Ismail Haniyeh killed in Iran. What impact on crypto and BTC?
🎯💥 Breaking News: Ismail Haniyeh killed in Iran. What impact on crypto and $BTC ? 🤯💥
Iran accuses Israel of assassinating Hamas political leader Ismail Haniyeh in a strike in Tehran. This act dramatically increased the risks of escalation of regional hostilities.
The impact of this major event on the financial markets could be colossal:
Stock Markets:
Immediate Volatility: Stock markets may experience increased volatility as investors react to uncertainty and the possibility of escalation of conflict.
Iran accuses Israel of assassinating Hamas political leader Ismail Haniyeh in a strike in Tehran. This act dramatically increased the risks of escalation of regional hostilities.
The impact of this major event on the financial markets could be colossal:
Stock Markets:
Immediate Volatility: Stock markets may experience increased volatility as investors react to uncertainty and the possibility of escalation of conflict.
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MicroStrategy (MSTR) Stock Crashes 90%! Disaster or Strategy?!
🚀📉 MicroStrategy (MSTR) Stock Crashes 90%! See What's Shaking Up the Market!
This Thursday, MicroStrategy shares plunged to just $131, marking a staggering 89.4% drop from their previous closing price. But be warned, this isn’t a financial crisis at stake! Rather, it’s a spectacular “stock split” that has taken place and is redefining the financial landscape.
Stock Splitting: A Stroke of Genius or a Bankruptcy in the Making?
This Thursday, MicroStrategy shares plunged to just $131, marking a staggering 89.4% drop from their previous closing price. But be warned, this isn’t a financial crisis at stake! Rather, it’s a spectacular “stock split” that has taken place and is redefining the financial landscape.
Stock Splitting: A Stroke of Genius or a Bankruptcy in the Making?
🚨💥 Two years ago TODAY: Terra LUNA CRASHED 99.999% 😱, wiping out $7 BILLION in DAYS! From $100 to less than $0.002, investors were left devastated.
The crash was triggered by Terra’s unstable algorithmic stablecoin, UST, which lost 40% of its value. Founder Do Kwon fled but was later captured in Montenegro and now faces charges in South Korea! Despite efforts to relaunch with new coins, both LUNA and LUNC have failed to regain value. Is this the ultimate cautionary tale for crypto investors? 📉🔍
$USTC $LUNC $LUNA #coinaute #Binance #DeFi #DEX #CZ
The crash was triggered by Terra’s unstable algorithmic stablecoin, UST, which lost 40% of its value. Founder Do Kwon fled but was later captured in Montenegro and now faces charges in South Korea! Despite efforts to relaunch with new coins, both LUNA and LUNC have failed to regain value. Is this the ultimate cautionary tale for crypto investors? 📉🔍
$USTC $LUNC $LUNA #coinaute #Binance #DeFi #DEX #CZ
Bitcoin Price Primed for New ATH!
🚨 Major Alert: Bitcoin Price Nears New All-Time High! 🚀
Bitcoin (BTC) Price Downtrend Is Over, New ATH Soon?
Popular analyst Rekt Capital has noted early signs of reduced selling pressure for Bitcoin, with strong support forming at $60,000.
Following the release of the US CPI data on Wednesday, Bitcoin surged another 6%, reaching $66,000 earlier today. Currently, BTC is trading at $66,400 with a market cap of $1.304 trillion.
Key Breakout and Market Signals
BTC has achieved a crucial breakout above the $64,000 resistance, potentially paving the way for a rally to new all-time highs.
Rekt Capital's Analysis:
- The Bitcoin downtrend appears to be over, according to Rekt Capital.
- “The Bitcoin Bull Market is not over. The market will try to shake you out of your positions before significant profits can be made,” noted Rekt Capital.
- Early signs of diminishing sell-side momentum are emerging, with Bitcoin forming a gradual curl around the $60,000 support level.
- Sustained support at $60,000 is vital for the trend to continue upward. “BTC’s current breakout to $66,000 shows that it doesn’t take much to turn it all around,” he added.
Preparing for a New All-Time High?
Market analyst Peter Brandt believes Bitcoin is on its way to a new all-time high. To achieve this, BTC needs a decisive breakout above $67,000 with strong bullish momentum.
Alex Kruger’s Insights:
- Positive indicators for Bitcoin include:
- Stocks at all-time highs.
- Long rates and the dollar have topped.
- Bitcoin at $66K.
- Growing global economy.
- Fed Chair Powell’s dovish stance.
- Central banks preparing to cut rates.
- Quantitative tightening tapering is about to start.
Conclusion
Bitcoin's recent performance and key market indicators suggest that the downtrend is over and a new all-time high could be on the horizon. Keep an eye on BTC as it approaches the critical $67,000 level, which could signal further gains ahead.
❤️ Like | 💬 Comment | ↪️ Share 🚀
🔥 Please follow @Coinaute on Binance Square! 🚀🔥
- Website: coinaute.com
- Twitter: Coinaute EN
- Binance Square #coinaute
$BTC #Binance #Bitcoin #ATH #CryptoWatchMay2024
Bitcoin (BTC) Price Downtrend Is Over, New ATH Soon?
Popular analyst Rekt Capital has noted early signs of reduced selling pressure for Bitcoin, with strong support forming at $60,000.
Following the release of the US CPI data on Wednesday, Bitcoin surged another 6%, reaching $66,000 earlier today. Currently, BTC is trading at $66,400 with a market cap of $1.304 trillion.
Key Breakout and Market Signals
BTC has achieved a crucial breakout above the $64,000 resistance, potentially paving the way for a rally to new all-time highs.
Rekt Capital's Analysis:
- The Bitcoin downtrend appears to be over, according to Rekt Capital.
- “The Bitcoin Bull Market is not over. The market will try to shake you out of your positions before significant profits can be made,” noted Rekt Capital.
- Early signs of diminishing sell-side momentum are emerging, with Bitcoin forming a gradual curl around the $60,000 support level.
- Sustained support at $60,000 is vital for the trend to continue upward. “BTC’s current breakout to $66,000 shows that it doesn’t take much to turn it all around,” he added.
Preparing for a New All-Time High?
Market analyst Peter Brandt believes Bitcoin is on its way to a new all-time high. To achieve this, BTC needs a decisive breakout above $67,000 with strong bullish momentum.
Alex Kruger’s Insights:
- Positive indicators for Bitcoin include:
- Stocks at all-time highs.
- Long rates and the dollar have topped.
- Bitcoin at $66K.
- Growing global economy.
- Fed Chair Powell’s dovish stance.
- Central banks preparing to cut rates.
- Quantitative tightening tapering is about to start.
Conclusion
Bitcoin's recent performance and key market indicators suggest that the downtrend is over and a new all-time high could be on the horizon. Keep an eye on BTC as it approaches the critical $67,000 level, which could signal further gains ahead.
❤️ Like | 💬 Comment | ↪️ Share 🚀
🔥 Please follow @Coinaute on Binance Square! 🚀🔥
- Website: coinaute.com
- Twitter: Coinaute EN
- Binance Square #coinaute
$BTC #Binance #Bitcoin #ATH #CryptoWatchMay2024
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