Bitcoin Faces Key Test: Will It Bounce or Drop to $85K?
#Bitcoin is staying above the 0.236 Fibonacci retracement level at $94,300, with the 50-day moving average near $93,000 providing support.
If these levels hold,
BTC could start moving up again toward $108,000. But if it drops below, it might fall to the 0.382 Fibonacci level at $85,600.
Watch these key levels for Bitcoin's next move!
DYOR, NFA
#Crypto
If these levels hold,
BTC could start moving up again toward $108,000. But if it drops below, it might fall to the 0.382 Fibonacci level at $85,600.Watch these key levels for Bitcoin's next move!
DYOR, NFA
#Crypto
Note
🚨 USDT to Be Delisted in the EU by December 30 Under MiCA Rules 🚨
The clock is ticking! Starting December 30, 2024, all EU-based exchanges must delist USDT as it fails to meet compliance under the new MiCA (Markets in Crypto-Assets) framework. This move is set to bring big changes to the European crypto landscape.
What This Means:
Liquidity Challenges: USDT is the world’s leading stablecoin, and its absence could shake up trading pairs and short-term liquidity in the EU.
Switching to MiCA-Compliant Options: Traders and exchanges must shift to approved stablecoins to stay operational.
Volatility Ahead: Market fluctuations may increase as liquidity adjusts.
📌 What You Should Do:
1️⃣ Reassess your USDT holdings on EU exchanges before the December deadline.
2️⃣ Explore MiCA-compliant alternatives to keep trading uninterrupted.
3️⃣ Stay updated on regulatory changes to avoid surprises.
🌍 The Big Question:
Is MiCA paving the way for transparency and safety, or could it slow down crypto innovation? 🤔
Let us know your thoughts below!
#CryptoUpdate #USDTDelisting #cryptocurrency #CryptoNews
Trade active
#Bitcoin DROP ALERT 🚨
BTC is forming a descending triangle on the 1-hour time frame.
A breakdown of this pattern could target $86,000 (-14%), while a breakout above the trendline resistance may signal a bullish reversal.
Keep a close eye on it to confirm the next moves, and don’t forget to follow me for more updates!
DYOR, NFA
Note
🚨 No major movement in #Bitcoin
It’s still trading within the triangle pattern.
Keep a close eye on it and enjoy your weekend, I will keep updating! 😎
Note
#Bitcoin Breakdown Done🚨
Register on Blofin and trade with me: bit.ly/Mojo1000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA-TG
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.