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Bitcoin Price Action: Technical Insights from Recent Trends
From bullish breakouts to bearish retracements, discover how to interpret the charts and navigate the cryptocurrency market effectively. Stay ahead with expert analysis on Bitcoin price behavior and what it means for traders in this dynamic landscape
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"No way XRP is worth $5,800" New name for 1-21-millionth unit proposed by Mow Bitcoiner Samson Mow published a tweet, suggesting that even if top altcoins had a total coin supply similar to that of Bitcoin, BTC would still beat them in terms of price per coin. Mow stated that most altcoins are taking advantage of the so-called unit bias – a psychological effect which appears since due to their huge supplies of billions and sometimes even trillions on coins the price per one coin seems cheaper than that of one BTC. If this bias is removed, he says, then mathematically, these altcoins should be worth several thousand of dollars each. But Mow doesn’t believe in these theoretical figures, saying that Bitcoin would still have a much higher market dominance. $BTC

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The popular line in D.C. these days is that 2025 is the most important year crypto policy will ever have. Federal agencies are reshaping their digital asset policies at a mile a minute; foundational crypto bills are sprinting through both chambers of Congress; meanwhile, the president continues to enact policies the industry has craved for years. In response, backers of the world’s biggest blockchains have rushed to set up specialized shops in Washington, to make the most of crypto’s big moment. At the start of the year, the Bitcoin Policy Institute—which previously had only three full-time staff members—tripled in size and set up physical D.C. offices for the first time. Earlier this month, two of Washington’s top crypto lobbyists made waves by joining forces to create the Solana Policy Institute. So where, among all the noise, is Ethereum? The dominant blockchain, which birthed decentralized applications and smart contracts at scale, is undeniably one of crypto’s biggest players. But the chain’s leadership has also suffered a reputation, for some time, as caring more about technological principles than the often essential but less lofty task of courting public opinion. There is no Ethereum-branded policy shop currently active in Washington. Nor are you likely to run into any lobbyist in the city who would describe their job as solely dedicated to advocating for Ethereum during the second Trump administration. But when recently pressed on the question, some of the blockchain’s top political allies argued there’s nothing about that setup that needs to change anytime soon. $BTC

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17th of April 2025 – Kingstown, St Vincent and the Grenadines – IXFI is pleased to announce the public sale of IXFI Token, the pinnacle of our work in making crypto accessible. Built on a strong track record of over 4 years, IXFI supports more than 1 million users and often sees daily spot volumes surpassing $100 million, while enjoying a 300% revenue growth over the last 12 months. IXFI now offers 2,000+ trading pairs and has achieved its place among the largest Buy Crypto platforms and the fastest-growing crypto exchanges in Europe. The IXFI Token Public Sale The 17th of April marks the official start of the IXFI Token public sale. The team has set aside 4% of the total 5 billion tokens for this phase, at a $140 million FDV valuation. The seed round raised $3,8 million and $2,4 million have been raised in our private round with the initial Market Cap of $IXFI our token set to be $6 million at launch. Once the public sale concludes, all participants will receive 100% of their IXFI Tokens fully unlocked at TGE. In contrast, tokens allocated to the team, ecosystem, and partners will be released linearly over 60 months with a 12 month cliff. By holding the IXFI Token, users obtain many benefits, including lower fees, future card cashback, exclusive launchpad access, and Airdrop opportunities.

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Technical Analysis (Short-Term - Next 8 Hours): * Current Price: 2.1188 * Potential Immediate Support Level 1: Around 2.1150. This is a very close level and could be tested if there's immediate selling pressure. * Potential Immediate Support Level 2: Around 2.1100. This could act as a stronger support if the first level breaks. * Potential Immediate Resistance Level 1: Around 2.1250. This is a psychologically important level and could act as the first hurdle for upward movement. * Potential Immediate Resistance Level 2: Around 2.1300. If the price breaks through 2.1250, this level might be the next target. Technical Indicators (General Considerations): * Moving Averages (Short-Term): If the price is trading above short-term moving averages (like the 5 or 15-minute), it might suggest short-term bullish momentum. Conversely, trading below could indicate bearish pressure. * Relative Strength Index (RSI): A reading around 50 would suggest neutral momentum. Readings above 70 could indicate overbought conditions (potential for a pullback), while readings below 30 could suggest oversold conditions (potential for a bounce). * Trading Volume: Increased volume during price movements (up or down) adds more conviction to the trend. Low volume might indicate a lack of strong direction. Potential Scenarios for the Next 8 Hours: * Bullish Scenario: If XRP can break and hold above the 2.1250 resistance level with decent volume, we might see a push towards the 2.1300 level and potentially higher. This could be driven by positive market sentiment or any positive news related to Ripple/XRP. * Bearish Scenario: If XRP breaks below the 2.1150 support level, we could see a further decline towards the 2.1100 level and potentially lower. This could be triggered by negative market sentiment or profit-taking. * Sideways Consolidation: XRP might trade within a tight range between the support and resistance levels mentioned above, especially if there's a lack of significant news or market catalysts. Fundamental Analysis (Short-Term & General): $XRP

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Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, has spotted a massive crypto transaction that took place earlier today and carried tens of millions of dollars worth of XRP. The destination was the largest cryptocurrency exchange in the U.S. — Coinbase.#crypto

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