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BTC
USDT The price has rebounded.
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Thailand has launched a pilot program allowing tourists to convert cryptocurrency into baht for spending.
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Bitcoin ($BTC ) experienced a significant drop.
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Bitcoin has broken out of its rising wedge pattern with notable volume. The 21-day moving average (MA) is now serving as a resistance level, while the 50-day MA is offering support. If there is a retest of the pattern followed by a breakdown below the 50-day MA, it could indicate further downside potential. Monitor upcoming price movements for confirmation.
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In the last 24 hours, $378 million has been added to the $ETH stablecoin supply. Fresh liquidity is flowing in, which could potentially drive the next significant move. 🚀
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# US Dollar Analysis The US Dollar is currently consolidating within an ascending channel, attempting to break below the support trendline. The Ichimoku Cloud is serving as a resistance barrier above the current price action. A confirmed breakdown of the channel could result in a downward move, although a rebound from this level is also possible. Considering the US Dollar's usual inverse correlation with the crypto market, this move could have significant implications for crypto traders.
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