Bitcoin remains trapped within a 4-day price range, with no clear direction yet. A breakout above $86.5K could signal a move toward $90K resistance, but weakness in traditional markets suggests a potential retest of the $78K range low first.
Technical Outlook:
• BTC is consolidating within a tight range, awaiting a decisive move. • A breakout above $86.5K would open the door for a push toward $90K. • Traditional markets are showing weakness, which could pressure BTC lower toward $78K.
Key Levels to Watch:
• Resistance: $86.5K (range high), $90K (next major level)
Trading Strategy:
• Bullish Bias: Look for a long setup if BTC breaks and holds above $86.5K. • Bearish Bias: A move below $78K could trigger further downside pressure. • Risk Management: Be cautious with new positions until a confirmed breakout occurs.
Remember to have orders laddered along entire entry range with a larger order at OTE (Optimal Trade Entry), and be alert for volatility.
Take 30% off the table on first 1/2 targets and move stops to entries after Target 2/3 (depending on your risk tolerance), making it a free ride to further targets. Take equal profits on further targets, moving stop losses in profit.
Considering current market conditions and volatility, we don’t recommend going above our recommended position size.
Remember to have orders laddered along entire entry range with a larger order at OTE (Optimal Trade Entry), and be alert for volatility.
Take 30% off the table on first 1/2 targets and move stops to entries after Target 2/3 (depending on your risk tolerance), making it a free ride to further targets. Take equal profits on further targets, moving stop losses in profit.
Considering current market conditions and volatility, we don’t recommended going above our recommended position size.
Check our pinned messages in VIP channel for further information on how to make the most out of our VIP trading signals! #MasterTheMarket
#TradersBootcamp As of now, the cryptocurrency market is experiencing a mix of cautious optimism and renewed interest. Bitcoin remains the leading asset, showing signs of strength and stability near key resistance levels. Ethereum is also gaining momentum with increased attention on decentralized applications and layer-2 scaling solutions. Altcoins like Solana, Avalanche, and AI-related tokens are trending, driven by innovations and strong community backing. Market sentiment is moderately bullish, supported by institutional interest and speculation around potential regulatory clarity and upcoming halving events. However, volatility remains high, and investors are advised to stay informed and practice risk management.
$BNB #Trump’sExecutiveOrder Cryptocurrencies held steady early Friday following a decline the previous day on news of a strategic bitcoin reserve and "digital asset stockpile" in the U.S. The price of bitcoin was last roughly flat at $88,949.16 at 04:58 a.m. ET on Friday, after falling as low as $84,688.13 on Thursday.
Cryptocurrency, a digital or virtual currency, is a revolutionary concept that has taken the financial world by storm. It operates on a decentralized network, often using blockchain technology, which ensures transparency and security. Unlike traditional currencies, cryptocurrencies are not controlled by any central authority, making them resistant to government interference and manipulation. One of the most prominent cryptocurrencies is Bitcoin, which has gained significant recognition and value over the years. However, the crypto space is vast and diverse, with numerous other cryptocurrencies emerging, each with its unique features and potential applications. While cryptocurrencies offer numerous advantages, such as faster and cheaper transactions, they also come with certain risks. Price volatility, regulatory uncertainty, and the potential for scams are some of the challenges associated with this emerging asset class. It's essential to conduct thorough research and exercise caution before investing in cryptocurrencies.
Will Dogecoin Ride the Crypto Bull and Reach $0.50 in 2024?
Investors are back on the cryptocurrency train. Enthusiasm for crypto has been at its highest since early 2021, when the last bull market peaked. How can you tell? Just pull up the price chart of any cryptocurrency, and you'll see the recent spike.
token is changing hands at $0.17 per coin, up tremendously from its 52-week low of just $0.06. Of course, the question is whether that can and will continue. The answer could surprise you, but it comes with an important caveat. #HotTrends #DOGE #TrendingTopic: #DOGE🔥🔥 #cryptomummy
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Elon Musk’s Tesla and SpaceX Bitcoin Holdings Worth $1.3B, Over Half a Million in Profits
Elon Musk’s Tesla and SpaceX Bitcoin Holdings Worth $1.3B, Over Half a Million in Profits
According to on-chain intelligence platform Arkham, blockchain investigators claim to have uncovered the Bitcoin wallets of Elon Musk's companies, Tesla and SpaceX, revealing a combined holding exceeding $1 billion. According to their analysis, Tesla holds over $771 million worth of Bitcoin across its wallets, while SpaceX wallets contain approximately $555 million in BTC.
The report further delves into the companies' Bitcoin transaction history since early 2021. Notably, during the crypto crash of May 2022, both Tesla and SpaceX sold off a significant portion of their Bitcoin holdings as prices plummeted. While these sales resulted in a net loss for SpaceX, Tesla managed to break even.