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BeyOglu - The Analyst
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JUST IN: ๐ $14 BILLION
Bitcoin
shorts will be liquidated at $125k.
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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Bitcoin Cash Price Forecast: Bulls Eye Break Above Key Resistance forming bullish chart pattern. Bitcoin Cash ($BCH ) is up 3% so far on Tuesday, extending its winning streak to a third straight session. The bullish momentum has propelled BCH above the critical $590 resistance level, which had held firm since July 28.. A strong daily close above $590 would likely open the door for a retest of the July 27 swing high at $604. If buyers maintain control beyond that point, the next upside target could emerge at the December 7 peak of $640. Momentum indicators remain supportive of the bullish case. The Relative Strength Index (RSI) currently sits at 61 and is trending higher, suggesting upward momentum with room to run before entering overbought territory. However, if BCH fails to hold above $590, a downside correction could take the price back toward the 50-period Exponential Moving Average (EMA), currently situated around $572.
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BREAKING โก๏ธ: Samson Mow says #Ethereum investors are rotating their Bitcoin to pump $ETH on new narratives like Ethereum Treasury companies, then dump ETH at highs to rotate gains back into BTC, warning "No one wants ETH in the long run."
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BREAKING: ๐บ๐ธ STRATEGY BUYS ANOTHER 155 #BITCOIN FOR $18 MILLION ๐ฅ
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#Cardano Price Forecast: Momentum Indicators Signal Bullish Trend Cardanoโs price found solid support near the crucial $0.70 level on August 3, triggering a rally of nearly 15% by Sunday. As of Monday, the upward momentum continues, with ADA gaining an additional 3% and trading above $0.82. If $ADA sustains this momentum and manages to close above the daily resistance level at $0.84, it could potentially extend its rally toward the July 21 high of $0.93. Technical momentum indicators reinforce this bullish outlook. The daily Relative Strength Index (RSI) stands at 61, exceeding the neutral midpoint of 50, which indicates strengthening bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) is exhibiting a bullish crossover, generating buy signals and suggesting the onset of an upward trend.
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lesson of the day . #USFedNewChair
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