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BTCUSD Bullish Reversal Setup The chart shows BTCUSD forming a rounded bottom pattern near the support zone, suggesting a potential bullish reversal. Price is currently holding above the key support area, and if momentum continues, the market could push toward the 1st target around 84,000, followed by the 2nd target near 85,500. A breakout above those levels could open the path to the 3rd target at the resistance zone around 88,000–89,000. Confirmation of the move would be stronger with a break of the neckline and continued higher highs. TP1: 84,000 — First resistance level, ideal for partial profits as price approaches local highs. TP2: 85,500 — Intermediate resistance zone, aligns with a major price reaction area. TP3: 88,800 — Near the top of the marked resistance zone, a strong level for final exit if bullish momentum continues.
BITSTAMP:BTCUSDLong
by TRADE_CENTER_1
Coinbase Posted over 1 Billion Losses in Q2 2022 TODAYCoinbase saw a 64% drop in retail exchange income. Coinbase crypto trade announced critical misfortunes in Q2. The trade posted a deficiency of more than £1 billion while missing investigators' estimates. - Deficiency of £4.98 per stock versus a guage deficiency of £2.65 -Income of £808.3 million versus a gauge income of £832.2 million The US trade income dropped by 64% with retail exchanges income at £616.2 million, down 66%. Exchanging volumes (in £B) were fundamentally lower across Ethereum and other cryptographic forms of money, be that as it may, Bitcoin's volumes have expanded as well as BTC income. Coinbase anticipates 7 - 9 million month-to-month exchange clients, down from the 5 - 15 million territory just 3 months prior. The organization has diminished its spending financial plan, less paid media, and different motivating forces as the center movements to nonpaid traffic. In light of Ark's reproductions, institutional assets portions of between 2.5% to 6.5% may lift BTC cost by £200,000 - £500,000. It is quite important that toward the finish of July, Ark Invest sold around 1.4 million loads of Coinbase that were valued at £79 million at that point.
CLong
by IPatrice