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Professor Of BTC_CRYPTO Information
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floki
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🙋🙋🙋 $FLOKI , $SHIB , $PEPE , $BONK — which one is most likely to win the race to $1 in 2025 or 2026? Drop your predictions—**comment fast!**
#Write2Earn #BinanceAlphaAlert #TrumpTariffs #StrategyBTCPurchase
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Bitcoin Price Faces Critical Technical Crossroads Ahead of FOMC Meeting As the Federal Open Market Committee prepares to announce its policy decision, Bitcoin’s price action reflects a delicate balance between bullish and bearish forces. The cryptocurrency has been consolidating within a well-defined triangle pattern since mid-April, currently trading near the $104,000 level. This consolidation phase is underscored by a market capitalization exceeding $2 trillion and a dominance rate above 63%, signaling Bitcoin’s sustained market influence. Technical indicators reveal nuanced insights: the Stochastic Relative Strength Index (RSI) recently dipped below the overbought threshold, indicating waning upward momentum. Should the RSI averages fall beneath the neutral 50 mark, it would confirm a weakening trend, potentially signaling a short-term bearish shift. Meanwhile, Bollinger Bands analysis shows Bitcoin retesting its middle band after failing to break the upper band resistance, suggesting increased price volatility and the possibility of a downward correction toward the $101,700 support level. Potential Price Scenarios: Resistance at $107K Versus Support at $102K The FOMC meeting outcome is expected to be a pivotal catalyst for Bitcoin’s immediate price direction. A hawkish stance or an unexpected rate hike could reinforce bearish sentiment, pushing Bitcoin toward the lower boundary of its triangle pattern near $102,470. Failure to hold this support may expose Bitcoin to further declines, potentially testing psychological and technical supports at $100,000 and $97,380 respectively. Conversely, a dovish or neutral Fed decision could embolden bulls to challenge resistance levels around $107,218. Sustained momentum above this threshold might open the path for Bitcoin to revisit its all-time high near $111,970 later this month. Market watchers should remain vigilant for volume surges and confirmation signals that validate either scenario.
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Stellar (XLM) Price Hits Monthly Low: What's Next? Stellar (XLM) is trading at its lowest levels in a month, down 14% over the last 30 days and 5% in the past 24 hours following the escalation of the Israel-Iran conflict. The recent drop has pushed several technical indicators into bearish territory, with the price hovering near critical support levels. A newly formed death cross and rising ADX suggest downward momentum remains in control, while RSI shows only a slight rebound from oversold conditions. With sentiment shaken and XLM under pressure, the coming days will be pivotal in determining whether a breakdown or reversal takes hold. Stellar RSI Rebounds Slightly but Remains Near Oversold Territory Stellar’s Relative Strength Index (RSI) is currently at 32.63, a slight recovery from yesterday’s 26.93 reading but still well below the 69.20 level seen just two days ago. This sharp swing reflects a rapid shift in market sentiment, with XLM moving from near-overbought territory to the edge of being oversold in less than 48 hours. The rebound from sub-30 levels suggests that some buying interest has returned, but the broader trend remains weak, and momentum is still fragile.
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Hbar Could Drop 19% If These Key Supports Break Hedera (HBAR) is under heavy pressure, falling 5% in the past 24 hours and down more than 25% over the last 30 days. The sharp decline has pushed multiple technical indicators into bearish territory, raising concerns about a potential breakdown. Momentum has weakened significantly, with BBTrend and RSI signaling deteriorating strength and growing selling pressure. All eyes are now on the critical $0.153 support level, which could determine whether HBAR rebounds—or slides further toward new lows. HBAR Struggles to Regain Momentum Hedera’s BBTrend is now at -1.2, recovering from -3.27 earlier today but still below the 2.63 seen two days ago. The drop signals fading bullish momentum after a short-lived rally. HBAR may be shifting from a breakout attempt to a consolidation phase. The quick bounce from deeper negative levels suggests some buyer support, but the overall trend remains weak.
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US Senate schedules final GENIUS Act vote for June 17 The U.S. Senate is scheduled to hold a final vote on the GENIUS Act next Tuesday to decide the federal framework for stablecoins and their issuers. The bill would require stablecoins to be fully backed by U.S. dollars or similarly liquid assets, mandating annual audits for issuers with more than $50 billion in market capitalization. If passed, the GENIUS Act will head to the House of Representatives for further voting, which is also advancing its own stablecoin legislation, the STABLE Act. Both the Senate and House must reach a consensus on their respective bills, which currently differ on issues such as state and federal regulation of stablecoin issuers, as well as the oversight of foreign issuers like Tether.
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GameStop announced the pricing of its private offering of zero-coupon convertible senior notes late Thursday, upsizing the deal from $1.75 billion to $2.25 billion. The company also granted initial buyers a 13-day option to purchase up to an additional $450 million in notes, with the sale expected to close on June 17. GameStop expects to raise around $2.23 billion in net proceeds from the offering — or $2.68 billion if the full overallotment option is exercised — after deducting fees, commissions, and expenses. The struggling video game retailer intends to use the proceeds for general corporate purposes, including potential acquisitions aligned with its investment policy. In March, GameStop updated that policy to include bitcoin as a treasury reserve asset, then raised $1.5 billion through convertible notes in April. On May 28, GameStop disclosed it held 4,710 BTC (currently worth nearly $500 million) following its first set of bitcoin purchases. The initial $1.75 billion plan, announced late Wednesday, did not seem to go down well with investors, as GameStop's stock plunged 25% at one point on Thursday. GME is currently trading up 3.3% on Friday, according to TradingView.
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