Metal (MTL) saw a dramatic drop after touching a recent high of $1.410, now testing critical support at $1.104. The current momentum highlights heightened bearish activity, but this zone could also attract buyers looking for a rebound opportunity.
🛠️ Key Levels to Watch:
Immediate Resistance: $1.20
Critical Support: $1.10
Upside Potential Target: $1.28
🔮 Trading Insights:
For Bulls: A break above $1.20 could pave the way for recovery toward $1.28.
For Bears: Further downside could lead to a test of sub-$1.10 zones if selling pressure continues.
💡 Pro Tip: Adjust stop losses and secure partial profits in this volatile range to stay safe!
📌 Stay informed and trade with precision! #CryptoTrading #MTLUSDT #Binance #TradingSignals #BTCXmasOrDip?
$SOL ✅SOL has a probability to increase upto the reistance zone around 170 USD or pass through it and Find resistance around 200USD. ✅Or, SOL will fly to the moon passing through both of the resistance zone and create a new higher high. ✅So, it s good news for new buyers and holders of SOL
BIG BREAKING NEWS FROM BINANCE FOR INDIAN USERS 🔥🔥🔥🔥🔥 👉Binance is preparing to return to India, it will pay a fine of approximately US$2 million. Binance will return as an entity registered with the Treasury Department’s Financial Intelligence Unit and comply with all applicable laws, including the Prevention of Money Laundering Act and the VDA tax framework
🔥 9 Hrs Remaining Till $BTC Halving 🔥 A lot of speculations all over the crypto market as we are 9 Hrs Remaining till the BTC halving. BTC is now hovering around 64K and 65K as Altcoins recovered a bit today. A lot of people saying BTC will heavily dump tonight while others say it will skyrocket🚀 As for today, i won't be giving any expectations as the market is really unpredictable, halving will start and we haven't witnessed this kind of market before. My only advice is not to believe any person that gives you expectations today because no one knows what is coming next. The only thing we guarantee is that in a few months we will see the full market skyrocket. Believe in your projects guys, keep money aside in case a dip happens, and if BTC pumps just be happy and enjoy the show tonight🍿
Intense Market Movements in Cryptocurrency: Bitcoin Dips and Soars
The cryptocurrency market is a place where drastic fluctuations occur from time to time. Rapid movements bring about significant declines and increases. After the downturn, which began at 02:00 at night and led to a decline of about $4,000 in Bitcoin (BTC), the market began to wonder what was next. The sharp decline in BTC is also reflected in altcoins.
Bitcoin Dropped to $40,400
With the decline that we mentioned occurred at night, BTC fell to $40,600, after which we see a rapid recovery. The reaction to the sharp movement in BTC, which fell by about $4,000, raised the price of BTC to $42,371 at the time of writing.
Sharp price movements led to the liquidation of $97 million worth of short and long-focused positions in Bitcoin, according to Coinglass data. In Ethereum, the liquidated amount was slightly above $80 million.
Weekly Round-Up #79 | Bitcoin Halving and Macro Factors: Is a Bullish Trend Ahead? 💸🌎
The potential for a bullish trend in Bitcoin is gaining traction, thanks to a mix of macroeconomic conditions and the upcoming Bitcoin halving event. Analysts foresee a positive outlook, and here's why their perspectives seem reasonable.
Firstly, let's look at the bigger economic picture. Governments worldwide are taking unprecedented steps to stabilize their economies in the face of the ongoing pandemic. However, these measures are raising concerns about inflation and the devaluation of traditional currencies. This uncertainty is prompting investors to explore alternative assets that can safeguard against inflation and retain value.
Bitcoin has for over a decade gained recognition as a potential hedge against inflation. Its limited supply of 21 million coins and the scarcity enforced by its protocol make it an attractive option for those looking to shield their investments from central bank interventions.
Adding to this, we have the Bitcoin halving event on the horizon. Happening roughly every four years, this event reduces the rate at which new Bitcoins are minted by half. Historical data indicates that these halving events have triggered significant price increases. The reduction in supply tends to create a supply-demand imbalance, potentially driving up prices. Analysts are optimistic because, historically, Bitcoin has experienced substantial bull runs following previous halving events. The pattern suggests that a reduced supply, coupled with increased demand, could push the cryptocurrency's value to new highs.
Another factor contributing to this positive sentiment is the growing interest from institutional investors. Major companies and financial institutions are increasingly allocating parts of their portfolios to Bitcoin. This institutional validation not only boosts confidence in Bitcoin's long-term prospects but also signals wider acceptance within traditional financial circles.
SEC’s Progressive Stance on Bitcoin Spot ETFs Signals Market Optimism
Recent SEC discussions with exchanges suggest a positive shift in Bitcoin Spot ETF applications. The SEC’s preference for cash creates over in-kind transactions could streamline the ETF process. Eric Balchunas, Bloomberg’s Senior ETF Analyst, views these developments as a step forward for the industry. Uncover the latest developments in Bitcoin Spot ETFs and the SEC’s evolving stance, signaling a potential breakthrough for the cryptocurrency market.