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#BTC Big Picture Update 04.05.2024#BTC Big Picture Update It was expecting around 74250k but the High was at 73k Area Now what happens next? I would say after this whole pump BTC should make a nice ABC correction and should this drop (which we saw on 01.05.2024) be our WAVE (A), we still have wave B and C ahead of us, where the B ending between 66k and 68k, and after the Resistance is confirmed comes wave C, which could cause a drop even to 48k and take as many with it as possible (liquidation). This was one variant, and the other is if BTC manages to hold above 68k and the 2nd weekly candle closes above it (or the first candle is seen with a massive pump) then I am sure the journey will continue where TP1 will be 88k. It is important that you keep referring back to my BTC Big Picture to understand where we are, I can tell you that my BTC charts are extremely useful. If we see a massive drop no matter when, please remember the 48k mark because there we have a Yearly support that was previously resistance but was broken on 05.02.2024 and has not yet been tested. Cheers
COINBASE:BTCUSDLong
by ML-Master
Bitcoin (BTC) Signals for 48% Upside With Target at $61,000It turns out that also today’s price action combined with the values of the indicators on the 5-day time frame gives conditions similar to historical signals of a strong Bitcoin move. Recently, well-known cryptocurrency analyst Eric Krown took a look at this development on YouTube. If the market behaves like it has for the past 12 months, the BTC price could reach the $61,000 area in about 42.5 days. Bitcoin reached the all-time high (ATH) of $69,000 on November 10, 2021. After that, the price declined for the next 75 days to reach a bottom at $33,000 on January 24, 2022. BTC has dropped 52% since the ATH. Since the January bottom, BTC has been in a sideways trend, with the price consolidating and higher lows appearing on the daily chart. For the last month and a half, Bitcoin has been in a fairly well respected range between $37,500 and $44,500.
COINBASE:BTCUSD
by joinednonjura
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Terra (LUNA) eyes top position in staked value Terra (LUNA) eyes top position in staked value after overtaking Ethereum, Solana still ahead. Terra ecosystem’s native coin LUNA is ranked the second in staked value with approximately $31.42 billion. Leading the list is Solana with approximately $31.55 billion according to data provided by Staking rewards. Ethereum has dropped to the third position after holding the top position for a long time. The total staked value in Ethereum is estimated at $26 billion. Numbers don’t lie. Ethereum killers are winning from a number of perspectives. The ETH ecosystem needs to support thousands of transactions per second in order to eliminate the high cost and low throughput currently choking its scalability. Thanks to the Beacon chain, which introduced staking in the Ethereum ecosystem, there is hope for the smart contract veteran to come back in the future. Mind you, according to data provided by etherscan on a staking contract, there is 10,035,650.000069000000000069 Ether in balance, valued at approximately $26 billion. What was once a rumor is now the reality in the crypto industry. Terra (LUNA) is headed for the top seat and is likely to emerge as the winner. The Terra ecosystem offers its users a comprehensive and firm way of earning passively through staking. The fast-growing LUNA market has been attributed to the genius way of balancing its pack of stablecoins through supply and demand. Additionally, it costs relatively less to send value on the Terra blockchain than on the Ethereum ecosystem. The smart contract market is blazing hot with projects that desire to lead in users’ and developers’ growth. Of note, the Cardano (ADA) ecosystem is also in the race and has approximately $18.6 billion in staked value. AVAX, DOT, and BNB follow closely with $15 billion, $11 billion, and $6 billion in staked value respectively.
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by gibsonlookey