Passionate crypto trader with over five years of experience navigating the dynamic world of digital currencies. I specialize in technical analysis, market trend
JUST IN: Movement Labs has suspended co-founder Rushi Manche following allegations of a 66 million MOVE token dump linked to suspected market manipulation involving a firm tied to Chinese entity Web3Port.
Following the breakout from the falling wedge pattern, Bitcoin has shown a strong bounce and is currently trading above a key horizontal S/R level. A retest of this level is anticipated.
The Ichimoku Cloud is providing support, indicating underlying strength. Keep a close watch on further price action for confirmation of the next move.
Following the breakout from the falling wedge pattern, Bitcoin has shown a strong bounce and is currently trading above a key horizontal S/R level. A retest of this level is anticipated.
The Ichimoku Cloud is providing support, indicating underlying strength. Keep a close watch on further price action for confirmation of the next move.
Bitcoin is currently consolidating within an ascending triangle pattern and is rebounding from the support trendline.
The Ichimoku Cloud is acting as strong support, indicating bullish momentum. A breakout from this pattern could confirm a bullish trend. Keep a close eye on it.
$BTC OPINION: Former U.S. crypto regulators Patrick McHenry and Rostin Behnam agree that while much work remains on crypto legislation, current congressional leadership offers a key opportunity to establish clear regulatory frameworks.
Bitcoin is currently consolidating within a symmetrical triangle pattern, rebounding from the support trendline. The 21MA is acting as a resistance barrier above the price action.
A decisive breakout or breakdown is needed to confirm the next directional move. It’s important to closely monitor further price action developments.
USDT Dominance is consolidating within a descending triangle pattern and is currently facing rejection from the resistance trendline. The price remains below the Ichimoku Cloud, which continues to act as a resistance barrier.
This setup favors the potential for further downward movement. However, a breakout above the pattern with strong volume could signal a potential upward move. Keep a close eye on the upcoming price action.
Given its inverse correlation with the broader cryptocurrency market, a decline in USDT Dominance could indicate growing bullish momentum across the crypto ispace.
FYI: Federal Reserve no longer requires banks to provide notification when dealing with Bitcoin & crypto and will "support innovation" where appropriate. $BTC
$BTC JUST IN: Defi Development Corp, formerly known as Janover, has filed a registration statement with the U.S. SEC to offer up to $1 billion in securities.
Bitcoin is facing rejection from the horizontal supply zone after breaking out of the falling wedge pattern. The 50MA and 100MA are providing strong support below the price action.
A breakout above the supply zone would signal further upside, while a short-term correction remains possible at this level. Monitor the price action closely.
$BTC JUST IN: Nike is being sued for over $5M in damages in Brooklyn federal court after RTFKT’s shutdown, with NFT buyers citing significant losses, according to report.