Faisal elgobaili

During the daily candle analysis for Bitcoin (BTC/USDT) in the image:
1. Current price: $81,910.76.
2. Daily change: Decrease of -$1,022.23 (-1.23%).
3. Price trend:
• The candle shows a decline, indicating ongoing selling pressure.
• There is a rebound attempt from a support level at $81,560.02.
4. Technical indicators:
• Nearby support and resistance lines indicate resistances at $82,272.70 and $83,140.00.
• The Relative Strength Index (RSI) is in the lower zone, which may indicate oversold conditions and a potential rebound.
• The Moving Average Convergence Divergence (MACD) shows a bearish crossover, indicating a continuation of the downward trend.

Summary:
• If the price continues to hold above $81,560, we may see a rebound towards $82,272 - $83,140.
• If this support is broken, the price may head towards $80,060.

Today's Candle ✅✅✅

Opening price of the Egyptian pound 🇪🇬 today
6.3.2025

1 Dinar == 7.70 EGP

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Opening price of the Egyptian pound 🇪🇬 today
6.3.2025

1 Dinar == 7.70 Egyptian Pounds

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General direction:
• Current price: 83,385.20 USDT
• Decrease of -1.93% in the last 24 hours.
• The general trend is downward, but there are attempts to rebound from strong support areas.

Important levels:
• Strong support: at 83,201.97 USDT
• First resistance: at 84,276.22 USDT
• Second resistance: at 85,099.36 USDT
• Strong resistance: at 88,887.63 USDT

Technical indicators:
1. Moving averages:
• The price is currently below the moving averages, indicating continued selling pressure.
• If it breaks 84,276 USDT, we may see an upward movement towards 85,099 USDT.
2. Stochastic RSI:
• Indicates oversold conditions, and we may see a near-term upward rebound.
• The blue line crosses the orange line, which could be a bullish signal.
3. Relative Strength Index (RSI):
• Is moving in the low ranges, which may indicate a potential rebound if it maintains the current support.

Forecast:
• If Bitcoin breaks below 83,201 USDT, we may see a drop towards 82,500 USDT or lower.
• If it stabilizes above 83,201 USDT and breaks above 84,276 USDT, we may see an upward attempt towards 85,099 USDT

As of March 9, 2025, Bitcoin (BTC) is trading at $83,570, down $2,868 (-3.18%) from the previous close.

In December 2024, the price of Bitcoin surpassed the $100,000 mark, driven by factors such as the launch of Bitcoin exchange-traded funds (ETFs), reduced supply resulting from the halving event, and optimism about supportive cryptocurrency policies following the reelection of Donald Trump.

Analysts' forecasts for the price of Bitcoin in 2025 vary. Bitwise predicts that the price will exceed $200,000, with a possibility of reaching $500,000 if the government adopts the strategic Bitcoin reserve plan proposed by Senator Cynthia Lummis. On the other hand, VanEck expects the price to reach $180,000, anticipating significant price volatility. Deepwater Asset Management also predicts the price will reach $150,000 in 2025.

Technically, the key support and resistance levels for Bitcoin are as follows:
• Resistance levels:
• $90,501: A strong resistance level and previous bounce.
• $95,603: Major resistance with high liquidity density.
• $100,185: A strong psychological level that may attract sellers.
• Support levels:
• $88,719: Minor support close to the current price.
• $87,976: Strong support; if broken, we may see further decline.
• $86,000 - $84,000: A strong buying area according to liquidity.

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#BTC

$BTC Urgent 🚨🚨🚨🚨:

The U.S. Treasury Secretary has been authorized to develop budget-neutral strategies to purchase more Bitcoin ⁦‪$BTC ‬⁩ for the national reserve!

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The U.S. Treasury Secretary has been authorized to develop budget-neutral strategies to purchase more Bitcoin ⁦‪$BTC‬⁩ for the state reserve!

Urgent 🚨🚨🚨🚨:

The U.S. Treasury Secretaries have been authorized to develop budget-neutral strategies to buy more Bitcoin ⁦‪$BTC‬⁩ for the national reserve!

‏🚨 Trump Establishes Strategic Bitcoin Reserve for the United States 🇺🇸🔥

‏President Donald Trump signs an executive order to create a Strategic Bitcoin Reserve 🇺🇸, putting the United States at the forefront of governments adopting Bitcoin as an official reserve asset!

‏🔹 The reserve will start with Bitcoin seized through criminal and civil forfeiture proceedings.
‏🔹 The U.S. government will not sell the Bitcoin held in this reserve, but will retain it as a strategic asset.
‏🔹 Plans will be developed to acquire more Bitcoin at no additional cost to taxpayers.
‏🔹 Creation of an American digital inventory that includes other seized digital assets, but the government will not purchase any new digital assets other than Bitcoin.

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Trump signs order to establish strategic bitcoin reserve, White House crypto czar says

Just filtering centers only

Many traders were anticipating the news and were aware that it was in effect, but the whales wanted the exact opposite

We are facing a war of whales only ⁦‪$BTC‬⁩

In the end, our fate is (rocket rise)
#btc

🚨🚨🚨🚨🚨:

President Trump is considering signing an executive order to create a strategic reserve for Bitcoin (BTC) tomorrow.

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Selling Pressure and Profit Taking: After the previous rise, some investors (especially whales) may sell their shares to realize profits, increasing selling pressure on the currency.
• General Market Volatility: Cryptocurrencies experience continuous fluctuations; a decline in market sentiment or a decrease in overall demand can negatively impact the price of GPS.
• Decreased Liquidity: During certain periods, trading volume may be relatively low, making the currency more susceptible to large fluctuations when significant sell-offs occur.
• Negative News or Forecasts: News reports or regulatory or technical concerns related to the project may affect investor confidence, prompting them to sell.

It is important to follow market analyses and news related to the project to understand the full context behind these price movements.

$GPS Selling pressure and profit-taking: After the previous rise, some investors (especially whales) may sell their shares to realize profits, increasing the selling pressure on the currency.
• General market fluctuations: Cryptocurrencies are experiencing continuous fluctuations; a decline in market sentiment or a drop in overall demand can negatively affect the price of GPS.
• Liquidity decline: During certain periods, trading volume may be relatively low, making the currency more susceptible to large fluctuations during significant sell-offs.
• Negative news or forecasts: News reports or regulatory or technical concerns related to the project may affect investor confidence, prompting them to sell.

It is important to follow market analyses and news related to the project to understand the full context behind these price movements.

Some analysts expect Bitcoin to exceed the $150,000 to $200,000 mark in 2025. For example, analysts have pointed out the possibility of Bitcoin reaching $200,000 by the end of the year, supported by increased institutional demand and the launch of Bitcoin exchange-traded funds (ETFs). ([ ])
• There are also more optimistic forecasts indicating that Bitcoin could reach $225,000 or even higher levels that may reach $700,000 in the long term, if supportive factors such as reduced supply and increased institutional adoption continue. ([ ], [ ])
2. Factors Stimulating a Pullback or Correction:
• Some analysts warn of the possibility of temporary corrections in the event of the expiration of some large futures contracts or in the context of declining investment flows, which could push the price to lower levels such as $85,000 in the short term. ([ ])
3. Supporting Factors:
• Regulatory Policies: Positive forecasts continue to be supported by favorable regulatory policies, especially with the appointment of cryptocurrency-friendly officials at the Securities and Exchange Commission, which could create a better investment environment.
• Institutional Demand and Widespread Adoption: As institutions and major companies continue to enter the cryptocurrency market and adopt Bitcoin as a digital reserve asset, the price is expected to rise significantly.

Last month, XRP reached its all-time high of $3.02, with technical forecasts suggesting it could reach $4.40.

Looking to the future, the predictions for XRP's price in 2025 vary. Some optimistic analysts expect the currency to reach a range between $5 and $7 in the first half of 2025, driven by Ripple's developments and the launch of its stablecoin RLUSD. On the other hand, more conservative forecasts suggest an average price of $2.47 in 2025, with a potential maximum of $3.51.

These forecasts depend on several factors, including the adoption of Ripple's technology, regulatory developments, and general market conditions. It is important for investors to closely monitor these factors when making investment decisions regarding XRP.

#USCryptoReserve ascending