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I just sold all my bitcoins after this huge rally that shows noI just sold all my bitcoins after this huge rally that shows no significant volume... the correction on BTC and ETH will be brutal. OR NOT hahaha It's often a cautious move to exit positions when a significant price surge lacks strong volume, as it can signal a weaker foundation for sustaining the rally. This can indicate that the market is being driven more by speculation than by robust buying pressure. If a correction does come, it might shake out weaker hands quickly and reset the market with more sustainable trends.
KRAKEN:BTCUSDShort
by Maximus20000
1
Cardano Founder A Potential Crypto Advisor to TrumpThe cryptocurrency world is buzzing with speculation about the potential appointment of Cardano founder Charles Hoskinson as a crypto advisor to the next US administration in 2025. This news has sparked excitement among ADA holders and crypto enthusiasts alike, with many wondering if this could trigger a significant bull run for the Cardano token (ADA). Hoskinson's Background and Vision Charles Hoskinson, a prominent figure in the crypto space, is known for his co-founding role in Ethereum and his subsequent creation of Cardano. He is a vocal advocate for blockchain technology and its potential to revolutionize various industries. Hoskinson's vision for Cardano is to create a sustainable and scalable blockchain platform that can support a wide range of decentralized applications (dApps). Potential Impact on Cardano (ADA) If Hoskinson were to become a crypto advisor to the next US administration, it could have a significant impact on the cryptocurrency market, particularly for Cardano. Here are some potential scenarios: • Increased Regulatory Clarity: Hoskinson's influence could lead to more favorable cryptocurrency regulations in the US. Clearer regulations would reduce uncertainty and attract more institutional investors to the market, potentially boosting the price of ADA. • Enhanced Adoption of Cardano: Hoskinson's position could help accelerate the adoption of Cardano's blockchain technology. Governments and businesses may be more inclined to explore the potential of Cardano for various use cases, such as supply chain management, voting systems, and financial services. This increased adoption could drive demand for ADA and push its price higher. • Positive Sentiment and Market Momentum: Hoskinson's appointment would likely generate positive sentiment and excitement around Cardano. This could lead to a surge in buying pressure, driving the price of ADA upwards. Additionally, it could attract new investors to the Cardano ecosystem, further fueling the price rally. ADA Price Prediction: Could It Reach $5? While it's difficult to predict the exact price of ADA, the potential positive impact of Hoskinson's appointment could certainly contribute to a significant price increase. However, reaching $5 would require a combination of favorable factors, including: • Continued Development and Innovation: Cardano's team needs to deliver on its development roadmap and introduce innovative features to attract developers and users. • Positive Market Sentiment: A sustained bullish market sentiment for cryptocurrencies would be beneficial for ADA's price. • Increased Institutional Adoption: Growing interest from institutional investors would provide significant support for the price of ADA. It's important to note that price predictions are speculative and subject to market volatility. While Hoskinson's appointment could be a major catalyst for ADA, other factors such as broader market trends, regulatory developments, and technical analysis will also play a crucial role in determining the price of ADA. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
Long
by bryandowningqln
RENDER SWING LONG IDEA - RENDER COIN RENDER is one of the leading AI and DePIN projects in the crypto market. During the 2023-2024 altcoin bull cycle, this coin achieved a remarkable 10x return, so I recommend keeping a close watch on it. Technical Analysis: The price recently hit the monthly demand and faced a rejection there during the August 5th dip. This rejection sparked an immediate bullish movement and shifted the weekly structure to bullish. The price also initially pulled back from a bearish trendline responsible for the downtrend since March 2024. Recently, the price broke through this bearish trendline with strong momentum, highlighting the strength of the trend, and I’m interested in joining the trade after this breakout. My targets are set on the purple levels, and I expect potential upside in the coming months. SL: $3.98 TP1: $6.80 TP2: $11.90 TP3: $13.80
Long
by UA_CAPITAL
ADA to test Hourly 50 SMAADA is approaching its 50 sma on the hourly chart. this could be a good buy area for a long set up as the 50 sma will be coinciding with the nearest support. Targets above are the 1.618 and 2.618 extension of the previous high swing low. RSI is 52 at time of publishing. Impulse has already corrected beyond the .236 and may be enough for a new continuation north. Not financial advice. Do your own DD. Will be following this idea up with larger TFs in updates. Thanks for viewing the idea.
KRAKEN:ADAUSDLong
by BallsOfSteel32
Is It Too Late to Invest in Bitcoin? A Comprehensive Analysis Bitcoin, the world's largest cryptocurrency, has once again defied expectations, reaching a new all-time high of nearly $77,000. This latest surge has ignited a wave of excitement and speculation within the crypto community. While some analysts warn of potential risks, others remain bullish on Bitcoin's long-term prospects. A Bullish Outlook It is believed that the recent price surge is driven by a combination of factors, including increasing institutional adoption, growing global interest, and the potential for further price appreciation. The Role of Institutional Investors One of the key drivers behind Bitcoin's bull run is the growing interest from institutional investors. Traditional financial institutions, such as hedge funds, pension funds, and corporations, are increasingly allocating a portion of their portfolios to cryptocurrencies. This institutional adoption has brought significant capital inflows to the crypto market, fueling price increases. Technical Analysis: A Bullish Perspective Technical analysts have identified several bullish indicators that suggest Bitcoin may continue its upward trajectory. The recent breakout above key resistance levels and the formation of a bullish flag pattern are positive signs for the cryptocurrency. However, it is important to note that technical analysis is not foolproof, and market conditions can change rapidly. Potential Risks and Challenges While the current market sentiment is overwhelmingly bullish, it is essential to acknowledge the potential risks and challenges facing Bitcoin. One of the primary concerns is the potential for a market correction, which could lead to significant price declines. Additionally, increased regulatory scrutiny and geopolitical tensions could also impact the cryptocurrency market. The Future of Bitcoin As Bitcoin continues to break new records, the future of the cryptocurrency remains uncertain. However, the long-term potential of Bitcoin as a store of value and a medium of exchange is undeniable. As the global financial landscape evolves, Bitcoin's role as a digital asset could become increasingly significant. Conclusion Bitcoin's recent price surge has captured the attention of investors and traders worldwide. While the cryptocurrency market is inherently volatile, the underlying fundamentals of Bitcoin remain strong. As institutional adoption continues to grow and technological advancements drive innovation, Bitcoin's potential for further appreciation is significant. However, investors should approach the market with caution and be prepared for potential volatility. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln
PEPE H4 UpdatePEPE/USD is currently breaking above a local resistance. it is currently sitting on top of the .236 retrace level. The .382 will also line up with the 150 simple moving average. Another key level to watch for for the price the turn is the .382, the second rectangle shown on the chart. These rectangles are areas to monitor on the intraday timeframe to look for entries. All three smas, the 50, 100, and 150 are sloping upward. There is definitely room for more downside as the recent impulse was strong and the price has only touched to the .236 thus far. Not financial advice. Do your own DD. Thanks for viewing the idea.
CRYPTO:PEPEUSDLong
by BallsOfSteel32
WIF COIN LONG OPPORTUNITY - Solana Memecoin WIF is one of the top memecoins on the Solana blockchain. It often shows strong momentum, especially when Solana is moving upwards. Watching WIF can be useful for tracking both Solana’s trend and the memecoin market. Technical Analysis: The price recently ran the daily swing liquidity and tapped into the weekly demand zone, where it faced strong rejection and began an upward move. We also saw rejection near the bearish trendline that has influenced the downward trend over the last few weeks. I’ll be looking for lower time frame confirmations around $2.12, which aligns with the 4-hour demand zone and Fibonacci retracement discount level. Stop Loss: $1.85 Target 1: Bearish trendline Target 2: $2.69 Target 3: $2.96
Long
by UA_CAPITAL
BITCOIN (BTCUSD): Road to 80000 Confirmed?! ₿ BTC finally updated the all-time high, violating a major historic resistance and closing above that on a daily. It opens a potential for a further growth to 80000 level - the next psychological structure. For buying, consider a huge contracting demand zone based on a broken horizontal resistance and a rising trend line. With a high probability, it will be retested before the rally. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDLong
by VasilyTrader
6
DOGE COIN SWING LONG IDEA - MEMECOINDOGE is the leading coin in the meme sector of crypto and occasionally receives direct support from Elon Musk. With Musk potentially in office alongside President Trump, this coin could see significant upward momentum. Technical Analysis: The price recently broke the bearish trendline that’s been in place since the end of October. During this breakout, we also established a strong daily demand zone. Today, there’s been a notable upside movement following news about Elon Musk's involvement with Trump. I anticipate a retracement to the daily and 4-hour demand zones, which are aligned with the Fibonacci optimal trade entry area. I’ll look for lower time frame confirmations to enter the trade. Target: $0.23 Stop Loss: $0.14
Long
by UA_CAPITAL
Can Solana Maintain Its Surging Momentum as US Election Sparks E Solana (SOL), the high-performance blockchain, has surged 17% in the past 24 hours, overtaking BNB Chain in market capitalization. This significant price jump comes as the potential for a more crypto-friendly US administration under a new presidency has ignited hopes for the approval of Bitcoin and Ethereum ETFs in the US. The ETF Effect The approval of crypto ETFs, particularly those tracking Bitcoin and Ethereum, is seen as a major catalyst for the broader cryptocurrency market. By providing a regulated and accessible investment vehicle for traditional investors, ETFs can significantly increase the flow of capital into the crypto space. Solana, as a leading blockchain platform, could indirectly benefit from the increased adoption of cryptocurrencies. A surge in demand for Bitcoin and Ethereum could lead to increased network congestion and higher transaction fees on these chains. As a result, investors may seek alternative, more scalable solutions, such as Solana. Solana's Unique Value Proposition Solana's high-performance blockchain and its ability to process a large number of transactions per second have made it a popular choice for decentralized applications (dApps) and smart contracts. The platform's unique Proof-of-History consensus mechanism ensures fast and efficient transaction processing. Furthermore, Solana's strong developer community and ecosystem have contributed to its growth. A growing number of dApps and projects are being built on the Solana network, attracting new users and investors. Market Sentiment and Technical Analysis The recent price surge in Solana can be attributed to a combination of factors, including: • Improved Market Sentiment: The overall positive sentiment in the cryptocurrency market, fueled by the potential for a more crypto-friendly US administration, has benefited Solana. • Technical Analysis: A bullish crossover of the 50-day and 200-day moving averages has further strengthened the bullish outlook for SOL. • Increased Institutional Interest: As institutional investors increasingly explore the crypto market, Solana's strong fundamentals and potential for growth have made it an attractive investment option. Potential Challenges and Risks While Solana's future looks promising, it's important to acknowledge the challenges and risks associated with investing in cryptocurrencies. Regulatory uncertainty, market volatility, and the potential for hacking attacks are some of the factors that could impact Solana's price. Conclusion Solana's recent surge highlights the potential impact of a more crypto-friendly US administration on the broader cryptocurrency market. As the regulatory landscape evolves and institutional adoption continues to grow, Solana's unique value proposition and strong developer community position it well for future growth. However, investors should exercise caution and conduct thorough research before investing in Solana or any other cryptocurrency.
CRYPTOCAP:SOLLong
by bryandowningqln
1
Flare Crypto Currency to buy. Long-term investmentFlare Crypto Currency is a long-term investment now that the strong monthly demand level at 0.0119 took control. Expecting a decent rally from this demand level. Flare is an EVM-based layer 1 aiming to make blockchain more useful by giving developers decentralized access to high-integrity data from other chains and the internet. This enables new use cases and monetization models, while allowing dapps to serve multiple chains through a single deployment.
Long
by AlfonsoMoreno
STORJ / USDT Set for a Bullish Breakout! Key Targets in Sight!STORJ/USDT Technical Analysis: On the 1-hour timeframe, STORJ has confirmed a long trade entry at 0.4484. The bullish momentum is backed by the Risological Dotted Trendline , which signals a strong upward trend. This setup shows potential for a series of target achievements as the price inches closer to critical profit levels. Trade Summary: Entry Level: 0.4484 Target Levels: TP1: 0.4800 TP2: 0.5310 TP3: 0.5820 TP4: 0.6135 Stop Loss: 0.4229 With initial target levels approaching, STORJ’s momentum could bring gains as it heads toward the upper profit marks. Watch for further bullish action!
Long
by ProfitsNinja
Bitcoin Firing & Plenty of Upside Momentum Today Monday Bitcoin got its support around the 67,000 to 68,000 mark or thereabouts over the weekend and today has made a measured run to more upside and plenty of momentum it seems to be displaying with the uptick in Volume today compared to the weekend. Price is about 7% below the all-time high price set in March 24. I doubt it will rush at the breakout point today but you never know. But I think bitcoin won't hesitate to properly breakout in price past the mid-70s, Cryptocurrency views the 'breakingout' to higher prices, as the sooner the better.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
2
Analyzing the Relationship Between Ethereum and the S&P 500The Fractal Theory and Crypto The financial markets, often chaotic and unpredictable, can sometimes reveal patterns that repeat themselves over time. This concept, known as fractal theory, suggests that similar patterns can occur across different time frames and asset classes. In recent times, some analysts have drawn parallels between the price movements of Ethereum (ETH) and the S&P 500 index. The S&P 500 Fractal and ETH Ethereum's price action may be following a similar pattern to that of the S&P 500 index in 2020. If this fractal theory holds true, it could have significant implications for the future price of Ethereum. The S&P 500 index experienced a sharp decline in March 2020, followed by a V-shaped recovery. If Ethereum were to follow a similar trajectory, it could potentially surge to new all-time highs. Key Factors Influencing ETH's Price While the fractal theory offers an interesting perspective, it's important to consider other factors that could influence Ethereum's price: 1. Network Upgrades: Ethereum's ongoing development, particularly the highly anticipated Shanghai upgrade, could significantly impact its price. This upgrade is expected to unlock staked ETH, potentially increasing market liquidity and driving demand. 2. Global Economic Conditions: Macroeconomic factors, such as interest rates, inflation, and geopolitical events, can influence the overall market sentiment and impact the price of cryptocurrencies. 3. Regulatory Environment: Regulatory clarity and favorable policies can boost investor confidence and fuel price appreciation. Conversely, stringent regulations could dampen market enthusiasm. 4. Institutional Adoption: Increased adoption by institutional investors can provide significant support to Ethereum's price. As more traditional financial institutions recognize the potential of blockchain technology, they may allocate a portion of their portfolios to cryptocurrencies. Potential ETH Price Prediction Based on the fractal theory and other factors, it has been predicted that Ethereum could reach a price of shortly. However, it's crucial to remember that price predictions are inherently uncertain and should be taken with a grain of salt. Conclusion While the fractal theory provides an intriguing framework for analyzing Ethereum's price movement, it's essential to consider a range of factors that could influence its future trajectory. As the cryptocurrency market continues to evolve, staying informed and making informed investment decisions remains crucial. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's important to conduct thorough research and consult with a financial advisor before making any investment decisions.
COINBASE:ETHUSDLong
by bryandowningqln
All-Time High Bitcoin Mining Difficulty Future Bitcoin's mining difficulty has recently reached a new all-time high, a significant milestone that underscores the network's growing security and resilience. This metric, which adjusts every 2016 blocks to maintain a consistent block generation time of approximately 10 minutes, reflects the increasing computational power dedicated to securing the Bitcoin network. What Does Increased Mining Difficulty Mean? • Enhanced Network Security: A higher mining difficulty implies that it becomes increasingly challenging for malicious actors to launch attacks like 51% attacks. This strengthens the network's security and protects its integrity. • Increased Energy Consumption: As more miners join the network to compete for block rewards, energy consumption associated with Bitcoin mining tends to rise. This has sparked debates about the environmental impact of the network. • Price Volatility: Increased mining difficulty can influence Bitcoin's price volatility. A surge in mining difficulty may lead to price fluctuations as miners adjust their operations to maintain profitability. Bitcoin Open Interest Surges Ahead of Elections In the lead-up to the U.S. presidential election, Bitcoin's open interest has seen a significant uptick. Open interest refers to the total number of outstanding futures contracts on a particular asset. A rising open interest indicates increased market activity and potential for heightened price volatility. Bitcoin Breaks Above $70K Bitcoin's recent surge above the $70,000 mark has generated considerable excitement and speculation. This milestone highlights the growing institutional interest in Bitcoin as a store of value and a hedge against inflation. However, it's important to note that such rapid price movements can be accompanied by periods of volatility. "Calm Before the Storm": Anticipating Volatility The term "calm before the storm" is often used to describe a period of relative tranquility before a significant event. In the context of Bitcoin, it suggests that the current period of relative price stability may precede a period of increased volatility. Several factors could contribute to this anticipated volatility: • Election Uncertainty: The outcome of the U.S. presidential election could have a significant impact on global financial markets, including the cryptocurrency market. • Regulatory Developments: Changes in regulatory policies can influence the price of Bitcoin and other cryptocurrencies. • Market Sentiment: Shifts in market sentiment, driven by news events, social media trends, or economic indicators, can lead to rapid price fluctuations. Navigating the Volatile Market Given the potential for increased volatility, investors and traders must adopt a cautious approach. Here are some tips for navigating the volatile Bitcoin market: • Do Your Research: Stay informed about the latest news and developments in the cryptocurrency market. • Diversify Your Portfolio: Spread your investments across different assets to reduce risk. • Set Stop-Loss Orders: Use stop-loss orders to limit potential losses. • Manage Your Risk: Avoid overtrading and stick to a well-defined trading strategy. • Stay Patient: The cryptocurrency market is known for its volatility. It's important to maintain a long-term perspective and avoid making impulsive decisions. In conclusion, Bitcoin's increasing mining difficulty, surging open interest, and recent price surge highlight the dynamic nature of the cryptocurrency market. While the potential for volatility remains, the long-term outlook for Bitcoin remains positive, driven by its underlying technology and growing institutional adoption.
MARKETSCOM:BITCOIN
by bryandowningqln
Is Solana the Next Big Crypto to Watch Out For? Solana's Resurgence: A Potential Bounce Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike. A Strong Foundation at $157 The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community. Technical Analysis: Signs of a Bullish Reversal A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal: • Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend. • Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase. • Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market. The Impact of Macroeconomic Factors The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies. However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies. The Future of Solana Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including: • Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users. • Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens. • Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth. • Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement. In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
COINBASE:SOLUSDLong
by bryandowningqln
1
INJ SWING LONG OPPORTUNITY - Injective Network INJ was one of the most bullish coins last year during the 2023 autumn altcoin season, achieving over an 8x increase! I strongly recommend following this coin during the 2024-2025 altseason. Technical Analysis: The price reached a weekly swing point and wicked off it, but couldn’t close below, showing a strong rejection from that level. This led to the creation of a daily demand zone, which I find significant since the weekly run occurred before this daily demand was formed, suggesting strong support potential. The price has now hit the daily demand zone and is sitting at a maximum discount area. I’ll be watching for lower time frame confirmations to anticipate price movement, but things are looking great. Targets: There is a bearish trendline that has defined the bearish structure since June 2024, which I consider the first take-profit level. Additional targets are visible on the chart, with 24.94 and 28 USD as potential levels. I expect we could reach these targets before the new year.
Long
by UA_CAPITAL
AAVE LONG IDEA - AAVE Coin Swing Long OpportunityAAVE is a coin I monitored closely during Summer 2024. While most altcoins were making new lows, AAVE was accumulating and showed resilience, which suggested to me that it might outperform others in the 2024-2025 altcoin bull season. Technical Analysis: Price accumulated within the monthly demand zone throughout Summer 2024. It finally took off, breaking the weekly structure and creating strong bullish momentum on the weekly and daily charts. Currently, price is retracing to the weekly demand zone responsible for the structural break, which is also supported by the monthly demand. This level appears strong to me. I anticipate a slight retracement to grab daily swing liquidity before taking off from that area, which aligns with the Fibonacci golden entry level, adding further confidence. I’ll be watching for LTF confirmations to enter the trade.
Long
by UA_CAPITAL
Bitcoin Approaches All-Time HighMarket Update - November 1 2024 Fueled by positive market sentiment, the price of bitcoin exceeded $73,100, just shy of its all-time high:  The Fed’s decision on rate cuts could further fuel a price increase, but bitcoin pulled back Thursday toward $70,000 amid a broader tech sell-off. US spot bitcoin ETFs recorded $870 million in inflows on Tuesday, led by BlackRock’s IBIT with $629 million:  It’s believed that bitcoin’s swelling price might be contributing to investment in these funds. Florida CFO Jimmy Patronis has requested an evaluation of the feasibility of adding bitcoin to the state’s public pension funds:  The state of Florida has typically shown keen interest in crypto initiatives, with Governor DeSantis having made proposals to allow businesses to pay tax in bitcoin in 2022. Hong Kong Exchanges and Clearing Ltd. (HKEX) will launch the “HKEX Virtual Asset Index Series” on November 15, providing reference prices for BTC and ETH during the Asian trading day:  The indexes aim to offer transparency and support for virtual asset investment decisions in the region. Weekly sales of NBA Top Shot NFTs have hit a six-month peak, with 43,600 NFTs sold as of October 27, marking a 94% jump from the previous week:  Renewed excitement from the season opener is driving the surge in activity after a slow offseason. Bitcoin Surges Past $73,000, Pulls Back on Thursday Bitcoin climbed above $73,000 Tuesday, marking the first time it breached this level in over seven months. The renewed surge comes near the end of a strong year for bitcoin, partly driven by the SEC’s approval of spot bitcoin ETFs and anticipated rate cuts in the US. Tuesday was also reported to be bitcoin’s biggest trading day in months, as volumes skyrocketed. However, the price of bitcoin retreated Thursday, pulling back toward $70,000 as the broader tech market recorded mixed earnings results. Federal Reserve decisions in particular have been playing a role in bitcoin’s recent rally, with bitcoin rising from around $54,000 in early September as expectations for a rate cut increased. A majority of analysts currently anticipate a 25 bps cut November 7, which could drop rates to the 4.5% to 4.75% range. If this comes to be, it would most likely add to the current bitcoin trading frenzy. Some analysts are bitcoin to climb even higher before the end of the year as market conditions become more favorable. It could depend on numerous factors, and will most likely be influenced in some form by the results of the upcoming US presidential election. 💱 Topic of the Week: Traditional Lending vs. Crypto Lending 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Oct.22-Oct.28(BTC)Weekly market recapThe recent initiation of a new round of interest rate cuts by major Western central banks, coupled with China's extensive monetary and fiscal stimulus, may serve as key catalysts for the recent surge in Bitcoin (BTC) prices. Additionally, the continued significant net inflow into BTC exchange-traded products (ETPs) indicates a persistent influx of traditional capital into the cryptocurrency market, reflecting confidence and optimism among investors. As the U.S. elections approach, the high-profile campaign of Republican candidate Donald Trump, who is supportive of cryptocurrencies, has bolstered market confidence in his potential victory, with the probability of his success soaring to 66.3%. This factor may also play a role, although caution is warranted regarding the risk of a market correction following the election. Last week, BTC fluctuated near resistance levels and broke through to $71,000 during the early and late hours in the U.S. market yesterday. The WTA indicator shows the emergence of blue bars representing whale activity, suggesting that macroeconomic shifts are beginning to attract substantial capital. The purple wave area on the ME indicator is widening, indicating a strengthening bullish sentiment. In summary, we believe BTC may continue to rise this week. We have adjusted the resistance level to $72,000 and the support level to $65,000. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
COINBASE:BTCUSD
by Sypool
FET LOOKING NEW HIGHS - FET LONG OPPURTUNITY FET is the leading AI coin in the altcoin market, with strong fundamental momentum. This momentum could increase as AI stocks (like NVIDIA, AVGO, etc.) start reaching new highs. Technical Analysis: The price is coming from the monthly demand zone, where it faced strong rejection and created a bullish weekly structure. The weekly demand also supported recent bullish momentum. Currently, we are inside the daily demand zone and below the equilibrium of the weekly swing, indicating that the price is at a discount. I’ll be targeting the purple line once we break and close above the green trendline, which has been holding the lower time-frame bearish structure over the past few days.
Long
by UA_CAPITAL