Bitcoin/USDT Analysis Bitcoin is currently consolidating wi | CoinInsight on Binance Square

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Bitcoin/USDT Analysis Bitcoin is currently consolidating within a falling wedge pattern and is trading above the support trendline. The Ichimoku Cloud is serving as a resistance barrier above the wedge. A strong breakout... 

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#GOLD UPDATE: #GOLD fluctuated within the same range throughout the entire week. During this period, it formed a falling wedge pattern and gradually moved lower. It may continue to decline towards the support level at $3306 - $3313.

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Bitcoin has retraced and dropped precisely, forming a new lower low, indicating that bears are in control. The next key support area is between $111,800 and $120,000, which the price may approach.

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The SEC has set October 8 as the next deadline for the Truth Social Bitcoin and Ethereum ETF. Additionally, two more routine delays were filed on Monday for the CoinShares Litecoin ETF, CoinShares XRP ETF, and the 21Shares Core XRP ETF, with new deadlines scheduled for later in October.

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# USDT Dominance Analysis USDT Dominance is consolidating within a descending triangle pattern and is currently bouncing back from the horizontal demand zone. The Ichimoku Cloud serves as a resistance barrier above the price action. A breakout or breakdown from the pattern is necessary to confirm the next directional move. Due to USDT Dominance's inverse correlation with the broader crypto market, a decline in USDT Dominance could signal strengthening bullish momentum across the crypto space.

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The Trump Administration is in discussions to acquire approximately a 10% stake in Intel. Intel's stock has dropped following this news. ☠️

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