The weekly chart accurately shows a slow but steady decrease in price.
After delisting the OKX coin, against the background of a green marathon on crypto markets, $TON holders begin to sell their coins and go to other projects.
It's a pity, but #TON after 5 years, it still remained an incomprehensible project.
The last point of the statement on the creation of the DOGE department is a hint about crypto. But I agree that it is still not the time to state this directly.
Proekt_73
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Analysis of Trump's inauguration speech: important for the crypto market
Analysis of Trump's inauguration speech: important for the crypto market.
First of all - Trump said nothing about the crypto market. And yes - he shouldn't have. BUT logically, he could and even should have mentioned #BTC. Specifically - about the strategic reserve of #BTC for the USA. Not a word about that. This leaves three possibilities - either they decided it's not the time to voice this at the highs (why not), or the issue was sent for further study, or there will be no reserve at all (which shouldn't be ruled out).
Analysis of Trump's inauguration speech: important for the crypto market
Analysis of Trump's inauguration speech: important for the crypto market.
First of all - Trump said nothing about the crypto market. And yes - he shouldn't have. BUT logically, he could and even should have mentioned #BTC. Specifically - about the strategic reserve of #BTC for the USA. Not a word about that. This leaves three possibilities - either they decided it's not the time to voice this at the highs (why not), or the issue was sent for further study, or there will be no reserve at all (which shouldn't be ruled out).
$TRUMP will be fun at night, growth is expected, those who sold it clearly do not see the whole picture. I bought $TRUMP for $3, and the price reached what you saw, this is not the end, this is just the beginning!
The recently launched coin $SOLV , which developers believe aims to unlock the potential of $BTC and stimulate BTCFi for mass adoption, continues to actively decline. Throughout yesterday, the price moved sideways, and it seemed that buyers were keeping the price around ≈0.1024$. With the opening of a new daily candle, the price began to fall, although in my opinion, not as confidently as the expected rise. The movement was similar for $CGPT . One of the reasons for SOLV's behavior is also the low flow of funds, and in the context of Trump's inauguration, a vast majority are purchasing coins in the top 10, which affects the prices of recently launched coins. But as I mentioned, the price will soon rise to its maximum, and after that, it will be a matter of technique 😉
As expected, $BTC reached a significant resistance level at $102,640. However, despite the positive sentiment, it has not yet been able to hold this important level. On the 15-minute chart, a potential price reversal towards $101,000 can be clearly observed. But this does not mean that we are expecting a pump; we are talking about a correction, which in my opinion will last until January 20. On the 4-hour chart, there is a clear weakening of buyers, which likely indicates a downward price movement, followed by sideways movement. Still, this is ambiguous, as everyone is waiting for news from the USA, which is of significant importance for most participants at this time. We are waiting for the daily candle to close.
As I said, $BTC during this day, or more precisely in the 15-minute period, the price rose and having overcome an important resistance level of $97,289, essentially strengthened its position at $99,000. But it is still too early to definitely talk about the continuation of the trend, since such sharp fluctuations indicate a major player who plays for the short term. So we are waiting for the end of the closing of today's candle, after which we analyze the "game" of the whale.
In the previous chart I showed that the growth trend $BTC is approaching its beginning. Today's chart clearly shows that the bearish trend could not overcome the support level of $89,256, where the bulls were immediately able to reverse the price by breaking the $95,000 mark. The next step for growth will need to be overcome the resistance level of $97,236, after which we can expect growth to the next resistance level of $102,640.
What does the market look like now, and what happened?
Rich uncles know how to manipulate us. And in fact, we are to blame for this. We all know that the crypto market depends on $BTC , but not everyone knows that we ourselves invented 'this'. Imagine that at one moment everyone stops thinking that something depends on Bitcoin. Would Bitcoin drop? It would drop, drop, and who cares. But all the other alt-'🪙' would start to rise, and who knows, maybe this name would change to, say, #realcoin, in a different way, because the money that was invested in Bitcoin would instead flow into, for example, #memecoin🚀🚀🚀 like $DOGE $SHIB $PEPE, etc., and many, many people would soar to the moon, and nothing in the market system would change. You control your own mind. Just make 💲.
Bitcoin is an idea. An idea that was able to materialize, but at the same time remaining within the limits of the concept of "idea".
All successful entrepreneurs have always been ready to invest huge amounts in a viable idea. What we are seeing now is the acceptance of Bitcoin as a viable idea, and do not believe anyone that bitcoin is a bubble. No, the rich will never invest huge fortunes in the "bubble", because it is established people who know the measure and value of money.
And all of them and we will stop believing in crypto when a new, more profitable "idea" appears in the world. $BTC