🚀 $KAITO: Dead Cat Bounce or Reversal in the Making? 🚀
After that brutal drop from $3 → $0.86, we just saw a sharp bounce off $0.867—but is it legit, or another bull trap? Let’s break it down. 🧵👇
🔹 Key Levels to Watch: ➡ Support: $0.86 – Holding so far, but one bad move could flush it lower. ➡ Resistance: $0.95 / $1.10 – These are the gates bulls must conquer.
🎯 Potential Play: ✅ Reclaim $0.95 → Could trigger a push to $1.10–$1.20. ✅ Hold $0.90 → Gives bulls some breathing room to push higher.
⚠ RSI & Stochastic at rock-bottom levels—this means exhaustion, but also potential for a sharp recovery if momentum kicks in.
🧐 Is this a buy-the-dip moment or a trap? The risk/reward is high, but if KAITO gets volume and breaks past $1.10 with conviction, we could see a major recovery.
What’s your play? Buying, waiting, or fading the bounce? Drop your thoughts below! 🔽
#2024withBinance am so happy ❤️ 2024withBinance I am very happy 🎉😀 In 2024, Binance demonstrated resilience and growth, solidifying its position as the world's leading cryptocurrency exchange. The platform achieved remarkable milestones, including $24 billion in deposits and a record $100 trillion in trading volume. Amid challenges, Binance embraced transformation. Founder Changpeng Zhao gracefully passed the torch to new CEO Richard Teng, ushering in a fresh era of innovation and focus on compliance. The company committed to expanding its workforce and enhancing user trust. Looking ahead, Binance is inspired by ambitious goals—reaching 1 billion users and leveraging Bitcoin ETFs and AI technologies to revolutionize the crypto space. The journey is one of adaptation, progress, and endles
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.
Which do you think will happen first? Will #BTC rise to 124K, or drop to 90K first? I value your opinions, so please share your thoughts in the comments! $BTC
WLD is trading at $3.815 after testing its 24-hour high of $4.087, with bullish momentum forming a strong breakout pattern. However, signs of consolidation suggest caution for both sides.
💡 Trade Setup: • Long Entry: Above $3.90, targets at $4.05, $4.20, and $4.30. Stop loss: $3.75. • Short Entry: Below $3.70, targets at $3.60, $3.50, and $3.40. Stop loss: $3.85.
📉 Next Move: A clean breakout above $3.90 confirms a bullish rally, while failure to hold $3.70 flips momentum bearish. Manage risk as WLD nears a decision point!
Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop to $65K?
The post Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop To $65K? appeared first on Coinpedia Fintech News
Following the massive overnight recovery of 7.73%, Bitcoin price reveals exhaustion in buyers to sustain the trend. The BTC price took a 1.7% dip last night and is starting the Asian trading hours on a bearish tone.
Trading under the $70K levels, the buyers are taking the heat from overhead supply as the bull trap reveals itself. Will the short-correction start a bearish avalanche to slide the BTC price under the $65K mark? Or is it just a retest before a massive surge to a new all-time high?
Let’s look at our detailed price analysis for a clearer view of the BTC price trend. Further, you can check out our Bitcoin price prediction to find out the chances of Bitcoin hitting the $100,000 milestone this year.
BTC Price Performance
Almost reaching an all-time high, the BTC price fails to sustain the rally above $71K, resulting in a turnaround within 24 hours. Bitcoin takes a dip of 1.77% and retests the 23.60% Fibonacci level at $68,823 with a lower price rejection.
Tradingview
The lower price rejection bolsters the bullish point of view, and the post-retest reversal to continue the prevailing trend. Further, the bullish breakout of the flag pattern teases a jump beyond the all-time high at $73,794.
However, on closer inspection, the $71,400 level is now rejecting the bullish attempt for the third time. Hence, a high supply zone is visible and warns of a bearish turnaround.
Currently, the BTC price trades at $69,758 with an intraday drop of 0.54%. This reflects a bearish continuation and pressures the $68,823 support.
Bitcoin ETFs Mark 7D Positive Streak
On May 21, Bitcoin spot ETFs saw a significant inflow of $306 million, continuing a trend of seven consecutive days of net inflow. Grayscale’s GBTC had no net outflow for the day, while BlackRock’s IBIT saw a substantial single-day inflow of $290 million.
Sosovalue
Overall, the total net asset value of Bitcoin spot ETFs reached $58.910 billion. This consistent inflow indicates strong investor confidence and interest in Bitcoin through these ETFs.
Bullish Funding Rates Ignore The Trap
Over the last 7 days, the Open Interest of Bitcoin has surged by 15.5% to reach $16.76 billion, indicating increased market liquidity and volatility. On the other side, the funding rate at 0.00803132 signifies that the long traders are dominant, supporting the bullish viewpoint. Hence, the derivatives data suggest an overall stronger bullish side for the BTC price trend.
On-Chain Reveals Investors’ Confidence
Bitcoin’s transfer volume has increased by 106.44% to hit 924,412.09 over the past 7 days, reflecting a boom in transaction activity. In support, the Binary CDD value of 0.28571428 indicates that long-term holders refuse to book profits, reflecting a strong underlying confidence in Bitcoin. Thus, the data supports a bullish outlook, with a potential BTC price surge coming soon.
Will The BTC Price Sustain Above $68K?
Despite the bullish reversal from the $71K levels and the breakdown of $70K, the overall sentiment for Bitcoin remains bullish. As the talks of the Ethereum ETF fill up the market, the BTC price is expected to continue the uptrend, with growing attention on the crypto world.
Moreover, the retest story might soon play out to prolong the upside rally in Bitcoin and break past the $74K mark. In such a case, the next stop this month could be $79K.
However, a reversal crashing under the $68K level might retest the $65K zone.
The rise of the new digital currency star In the ever-evolving world of cryptocurrencies, a new competitor has emerged within the cryptocurrency category, and promises to lead the charge in the upcoming rise. According to popular trader Andrew Kang, Pepe ($PEPE ), a frog-inspired cryptocurrency, is poised to outperform market expectations in 2024-2025. This prediction comes amid a rally in the cryptocurrency market, with leading digital assets such as Bitcoin reaching all-time highs and cryptocurrencies notching triple-digit percentage increases every month. The success of Bibi Coin is attributed to strong investor loyalty and a community that endures various challenges, resulting in the survival of those with “diamond hands.” Kang's analysis suggests that PEPE's resilience during events related to fear, doubt, and uncertainty makes it an extremely strong investment. The coin's recent performance, with its value reaching an all-time high and market cap temporarily surpassing $4 billion, underscores its growing popularity and acceptance within the cryptocurrency community. An in-depth exploration of the cryptocurrency craze The cryptocurrency sector has seen significant growth, with tokens such as Shiba Inu ($SHIB ), Dogecoin ($DOGE ) and others making significant gains. The success of these currencies is often linked to the support of famous figures and social media buzz, particularly by figures such as Elon Musk.