BTC to 58k now?? BTC us dumping and in my opinion it's goin | IFTIG on Binance Square

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BTC to 58k now??
BTC us dumping and in my opinion it's going towards under 60k after Making New ATH let's see.
#btc #Write2Earn 

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$BTC is consolidating In The range Between 94 to 97k from a long time and a strong support of 94k is tested many times Let's see if price hold this level and Break the resistance level of 98.5k Then we'll see 102k or a new All time High Soon. till then not much in the Market Sideways direction and causing Retail interest down.

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$BTC BTC price movement has been consolidating within the zone of $92k-$98k. According to current data, the current price of BTC is $94,576.00.¹ This consolidation zone is significant, as it indicates a period of price stability before a potential breakout or breakdown. The upper boundary of this zone, $98k, has been tested recently, with BTC reaching a high of $98,836.00. However, it failed to break through this resistance level and retreated to the lower end of the zone. On the other hand, the lower boundary of $92k has also been tested, with BTC dropping to a low of $90k before recovering.² This price movement can be attributed to institutional buying pressure, whale activity, and positive sentiment on the upcoming SEC Chairman in the United States. Looking ahead, BTC's future outcomes are uncertain. Some analysts predict that BTC will reach $100k, while others foresee a correction to lower support zones.³ ⁴ A bold tweet from Michael Saylor suggests that BTC could reach $92k, but this prediction is based on a different market analysis.⁵ Overall, the consolidation zone of $92k-$98k is a critical area for BTC price movement. A breakout above $98k could lead to further price increases, while a breakdown below $92k could result in a correction.⁶ As of now, the market structure remains robust with strong institutional participation and growing mainstream adoption signals. #NFP

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#NFPCryptoImpact Understanding US NFP: Non-Farm Payrolls and Their Importance US NFP is a monthly economic report released by the Bureau of Labor Statistics in the United States. It measures the number of jobs added or lost in the non-farm sector of the economy, excluding farm-related jobs, government jobs, and non-profit organization jobs. Key Components of US NFP Report: Total Non-Farm Payrolls is the total number of jobs added or lost in the non-farm sector. Unemployment Rate is the percentage of the labor force currently unemployed. Average Hourly Earnings is the average hourly earnings of non-farm payroll employees. Participation Rate is the percentage of the population employed or actively seeking employment. Importance of US NFP: US NFP serves as a key indicator of the overall health of the US economy. It reveals trends in employment, unemployment, and wages. US NFP influences Federal Reserve decisions on interest rates and monetary policy. US NFP releases can cause significant market volatility, impacting stock prices, currencies, and commodities. US NFP data informs investment decisions, particularly in labor-intensive sectors. How to Interpret US NFP Data: Positive US NFP indicates job growth, potentially leading to higher interest rates and stronger currency. Negative US NFP suggests job losses, potentially leading to lower interest rates and weaker currency. A significant deviation from expected US NFP numbers can lead to increased market volatility. Typical US NFP Numbers: A positive US NFP number above 200,000 is generally considered strong, while a number below 100,000 is considered weak. The average US NFP number over the past year is around 150,000. US NFP numbers are typically released on the first Friday of every month at 8:30 AM ET.

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$BTC resistance Are 101000 and 103000 if BTC breaked Them We can Possibly see a New ATH soon

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