A week has passed since Bitcoin bounced off the 28,805 USDT.
Over the past month, it has been noticed that TFUEL is weakly dependent on Bitcoin. However, the fall of Bitcoin to the next support level, combined with the TFUEL downtrend, resulted in a strong drawdown in its price.
Today, supply and demand of TFUEL have been slightly balanced. Presumably, this is...
A week after the price bounced off the 28,805 USDT, it seems like there is enough data to make a sober analysis of the current situation in the Bitcoin market.
Estimated support level: 33,000 USDT / 32,500 USDT.
I f so, then Bitcoin should hit 39,000 USDT / 39,500 USDT in the coming days.
If the price falls below 32,000 USDT, the scenarios will be...
Let's take a look at the possible scenarios for the Bitcoin price development!
In the order book, we can see the key sell levels: 36,500 USDT , 37,000 USDT , 37,500 USDT and 38,000 USDT. The price should not fall below 35,000 USDT, since there is a large buy wall.
The dotted arrow marks an assumed scenario in case of a fall below 35,000 USDT. I hope this is...
Today! Launch of Theta MainNet 3.0 ! 9 hours left!
Theta MainNet 3.0 introducing TFUEL staking & uptime mining. Today's event will undoubtedly mark the next step in the development of Theta Network. We've been waiting for this for a long time!
While TFUEL has performed well in recent months, it has also been impacted by sharp fluctuations in the Bitcoin price....
Analysis of the events of recent days and the state of the Bitcoin market, gives reason to believe that the TFUEL will develop as follows.
There is also a possibility of a powerful uptrend in the near future due to the launch of Theta MainNet 3.0. Theta MainNet 3.0 introducing TFUEL staking & uptime mining. Only 5 days left until the main event of Theta Network!...
Analysis of the events of the last days and the graph of the current depth of the Bitcoin market gives reason to believe that the market will develop as follows. The uptrend is quite stable.
I think that we will be able to start talking about going above the 42,600 USDT level in the near future.
Not investment advice.
Check out my other ideas. Don't forget to...
As I said earlier, I think the chance of Bitcoin falling below 28,805 USDT is minimal. Even under the yoke of China's sanctions.
The current situation with Bitcoin, combined with the China's sanctions, is the logical completion of the previous durable uptrend. So I cannot say that the Bitcoin market is totaly bearish right now.
Take a look at the chart. FIB...
Yesterday’s fall in Bitcoin affected all cryptocurrencies. Despite this, TFUEL has performed well in recent months.
Bitcoin touched the strong support line yesterday and a new uptrend began. New TFUEL uptrend also started where expected. Soon there will be a major event for TFUEL, Theta MainNet 3.0 launch, which should positively affect and help TFUEL reach a new...
