The current price of Bitcoin has surpassed 2 important resistance levels
- SMA 111 at 91,300$ - The average cost of short-term holders is $93,200
The last time $BTC crossed this area was in October 2024, after 3 months of adjustment, and this is a signal marking the beginning of a bullish reversal.
It should also be noted that this could be a fake breakout similar to July 2024 when $BTC quickly fell back below the $92,000 area.
Only if $BTC holds above this area for a few weeks can a new reversal cycle be confirmed.
On May 1st, there will be a large token unlock event for $SUI
This time, more than 74 million SUI tokens worth approximately 265.6 million USD will be released.
The "Early Contributors, Series B, Team" group will receive 31.37 million tokens, making it the easiest group to sell, accounting for over 42% of the total value of the upcoming unlock.
However, funding on exchanges is negative → Most of the market is leaning towards a downturn.
Prices have also been fluctuating for a few days now, and since there has been an increase for some time, a correction occurring is completely normal.
Who knows, there might be a dump for those who want to DCA $SUI to get on board, waiting for the unlock to finish before seeing what happens next.
President #Trump said that if the U.S. collects a lot of money from import taxes, it will use that amount to reduce the income tax burden for the American people.
He will focus on those earning under 200,000 USD per year to provide direct benefits to this group.
This could affect the financial markets, including crypto, as people may spend more money on investment or consumption.