$BTC 📊 Technical Analysis of Bitcoin Price After Jerome Powell's Speech
In recent hours, we witnessed Bitcoin drop to around $112,000, raising questions about whether this is just a healthy correction after the recent rally, or the beginning of a deeper decline.
🔹 On the chart, we notice that the 112K level represents a key support area, as the drop coincided with an increase in trading volume and a long lower wick of the candle, indicating strong attempts by buyers to defend this level.
🔹 Jerome Powell's recent speech cast a shadow over the markets, as he confirmed the continuation of tight monetary policy to combat inflation, which reflected on the performance of high-risk assets like cryptocurrencies.
🔹 From a technical standpoint:
Staying above 112K may enhance the chances of a rebound towards 118K – 120K.
A clear break of this level with a daily close below may open the way for further decline towards 105K.
💡 In summary: We await the daily close to confirm the upcoming direction, while cautiously monitoring the upcoming Federal Reserve statements.
$PHA 🚀 **A unique investment opportunity in PHA on Binance Square!** 🚀
🌐 **Phala Network** project provides an innovative solution in the field of privacy and security through trusted computing technologies. With its new strategic partnerships, this project has become more powerful and attractive to investors.
🔒 **What distinguishes Phala?** - Decentralized computing that respects privacy. - Support for smart contracts and DApps. - Strong partnerships with global institutions.
💡 Now is the perfect time to invest in **PHA** with this golden opportunity! Don't miss the chance to make profits from this unique project.
📈 **Invest now via and get the best returns!** #Investment#PHA#PhalaNetwork#Binance #Investment_Opportunity
$PHA #ALPHAUSDT The price is very tight and this is a sign for a huge rally. The price is near its downtrend line. If it breaks it, we can prepare for a price rally.
$PHA #ALPHAUSDT The price is very tight and this is a sign for a huge rally. The price is near its downtrend line. If it breaks it, we can prepare for a price rally.
$STG 🚀 **Golden opportunity with STG on Binance!**
**STG** is the native currency of **Stargate Finance**, a leader in providing cross-chain transfer solutions **(Cross-Chain Transfers)** within the **LayerZero** system. 🔹 **Innovative technologies:** Transfer assets between networks easily and securely. 🔹 **Strong partnerships:** Powered by **Avalanche**, **Polygon**, and **Binance Smart Chain**. 🔹 **Liquidity and security:** Instant liquidity and advanced security.
$PIVX 🚀 **Get ready for the golden opportunity with PIVX!** 🔥
**PIVX** is not just an ordinary cryptocurrency; it is a powerful project that focuses on **privacy and security** with advanced technologies such as the **Zerocoin** protocol to provide completely confidential and secure transactions. 💎
✅ **PIVX Advantages:** - Almost free transaction fees and high speed ⚡ - Proof of Stake (PoS) system to save energy - Active community and decentralized governance system 💡
📈 **New partnerships and technical updates** make it the center of attention, with the potential for a big rise soon.
📣 Promising Investment Opportunity: UTK/USDT on Binance
$UTK 📣 Promising investment opportunity: UTK/USDT on Binance 💎
🔍 Fundamental analysis: UTK is one of the most prominent digital currencies in the digital payments sector, as it recently announced new strategic partnerships that strengthen its position in the market. With these partnerships, UTK now has an ecosystem that supports speed and efficiency in payments via blockchain technology. Its modern technologies also make it an ideal choice for developing future digital payment solutions.
Trending News: $200 Million Liquidated in One Hour
This is a living example that reflects the wisdom of Islamic law in prohibiting leverage and usurious loans. Islam prohibits these tools because they are based on unfair foundations and great risks that lead to the depletion of people’s money in illegal ways. Why does Islam prohibit leverage and usurious loans? Riba (interest): Riba is a conditional increase on money lent, and it is forbidden because it leads to clear injustice. When money is borrowed with interest, the debtor bears the additional burden, even if he is unable to repay, which leads to financial distress.
$UTK 📢 **Strong investment opportunity with UTK! 🚀**
The **UTK** coin is witnessing great momentum, and shows tremendous potential for growth in the coming period thanks to new developments and strategic partnerships that have strengthened its position in the digital currency market.
### **What makes UTK special?** 1️⃣ **Strong strategic partnerships:** UTK has recently entered into partnerships with global technology companies and payment service providers, enhancing its use as a fast and secure payment solution.
2️⃣ **Technical expansions:** - UTK is constantly improving its technologies, making it suitable for real-world digital payments. - Increasing support in decentralized payment systems (DeFi) and smart applications.
3️⃣ **A growing market:** With the continued growth in the use of digital currencies as a means of payment, UTK is ideally positioned to be one of the leading currencies in this field.
---
### **Price Analysis & Expected Targets:** - **Current Price:** $0.095 - **Short Term Targets:** $0.12 - $0.14 (25%-40% Upside) - **Medium Term Targets:** $0.18 - **Long Term Targets:** $0.25 - $0.30 with more partnerships and increased global adoption.
---
⏳ **Now is the perfect time to enter!**
With the current oversold according to technical indicators and a high probability of a strong rebound, UTK could be your next successful investment.
🚀 **Don't miss out and be part of the future!** #UTK#Investment #Crypto