March 28 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It's a two-way neutral strategy.
*At the red arrow path
long position strategy
1. Entry into long position at $26,940 / stop loss when breaking the purple support line
2. Entry into short position at $27526.5 / stop loss when orange resistance line is broken
#Current daily chart MACD dead cross in progress
11:00 p.m. Nasdaq index announcement
It is a section with many variables, even the possibility of a vertical drop.
In the case of an immediate drop from the current position,
Bottom shown at the bottom -> Possibility of falling to 25403.5 dollars
Right-downward sidewalk in light blue finger movement path
(Possibility of additional vertical decline after tomorrow)
On one page of the 30-minute chart, I left the number of all cases that can come out today.
Tomorrow's results will be summarized only with arrow movements.
My analysis is for reference only.
I hope you will operate safely as the principle trading stop loss is essential
thank you.
Bingx
March 27 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It's a one-way neutral strategy.
*In light blue finger movement path
Short -> Long Switching Strategy
1. $28181.5 short position entry section / stop loss when the light blue resistance line is broken
2. $27596.5 long position switching / stop loss when breaking the green support line
Failure to break through the pink and orange resistance lines at the current location
It can drop all the way to the bottom.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
March 27 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 0.85 % over the last 24 hours and rose to an intraday high of $28186.40. The largest cryptocurrency has been trading around the $28,000 price level during the weekend, suggesting the investors are holding their position despite the concerns over Deutsche Bank. The upsloping 20-day exponential moving average ($25,941) and the relative strength index (RSI) in the positive area suggest the bulls remain in control. If the price manages to sustain above the $28,000 mark, the BTC/USDT pair could rise to $30,000.
Today’s Cryptocurrency Headline
Venezuelan Authorities Close Cryptocurrency Exchanges and Mining Farms
Since the arrest of Joselit Ramirez, the head of Venezuela's crypto assets, and President Maduro's order to reorganize the country's crypto regulators, the country's crypto ecosystem has been continuously hit hard. The new head of crypto assets has ordered the closure of all crypto exchanges registered with Venezuela’s national crypto asset regulator “Sunacrip.” While the move has yet to be officially confirmed, the Venezuelan National Cryptocurrency Association (Asonacrip) said the move is in the works because of an ongoing anti-corruption investigation in Venezuela. Prior to this, Sunacrip also announced that it ordered the closure of large cryptocurrency mining farms operating in several Venezuelan states.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March 24 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It's a one-way, two-way neutral strategy.
*In light blue finger movement path
Short -> long switching strategy.
1. $28132.5 short position entry section / stop loss when orange resistance line completely breaks through
2. $27658.5 long position switching / stop loss when breaking the green support line
-> After the 1st target of $28667 -> Top -> Final long position target until the weekend of the Great section
Following the Nasdaq move
Today, pay attention to the sideways section of the red resistance line / green support line.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
Have a good weekend.
thank you.
March 23 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It is a one-way long position strategy.
*At the red arrow path
1. $27695.5 long position entry zone / stop loss when purple support line breaks -> long position target at $28520.5
Participation rates have been declining recently.
There are also unnecessary comments.
It also seems to have lost interest.
Depending on the situation tomorrow, we will proceed privately.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
March 23 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
The Federal Reserve has announced its ninth consecutive interest rate hike, raising the federal funds rate by 25 basis points. As a result, the rate has increased from nearly zero in March 2022 to a range of 4.75% to 5%. Bitcoin is down 2.97% over the last 24 hours and fell to an intraday low of $26,602.77. The largest cryptocurrency dropped below $28,000 after the Fed raised the interest rate by 25 basis points. Buyers currently have an advantage in the market as indicated by the rising 20-day exponential moving average at $25,176 and the relative strength index (RSI) in the overbought territory. If the BTC/USDT returns above $28,000, the BTC/USDT pair may have the potential to surge to $30,000.
Today’s Cryptocurrency Headline
Telegram Enables Users to Send USDT in Chats
Telegram users can now send USDT to each other within chats in the messaging app. USDT has been added to Telegram's @wallet bot, expanding the messaging app's ability to buy and sell cryptocurrencies. Last April, bitcoin (BTC) and toncoin (TON) were added to @wallet's marketplace, with the latter also available to send within chats.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March 22 Bitcoin Bybit chart analysis
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This is a one-way short position strategy on the 30-minute chart.
(Depending on the strategy, some of the pink and green parallel lines have been changed from the original drawing.)
Unlike Nasdaq, in the case of Bit
There is still power left to shoot upwards.
Near the previous high or after breaking the previous high
Please note that it may fall.
*In light blue finger movement path
Short -> Long Switching Strategy
1. Entry into short position at $28243.5 / Stop loss when the orange resistance line is completely broken
2. $27600.5 long position switching / stop loss when breaking the light blue support line
Looking at the Nasdaq movement today, the possibility of sideways movement seems very high.
3:00 a.m. -> 3:30 a.m.
After the FOMC rate announcement, it could shake it up a lot.
I hope you operate well according to real-time movement.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential.
thank you.
March 22 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 1.07% over the last 24 hours and rose to an intraday high of $28438.47. The largest cryptocurrency continues to trade around the $28,000 price level, as markets await the upcoming Federal Open Market Committee (FOMC) meeting. It is anticipated that the Federal Reserve will maintain rate hikes but at a slower pace of 25 basis points. Buyers currently have an advantage in the market as indicated by the rising 20-day exponential moving average at $25,039 and the relative strength index (RSI) in the overbought territory. If the outcome of the FOMC meeting meets the expectations, the BTC/USDT pair may have the potential to surge to $30,000.
Today’s Cryptocurrency Headline
Sushi DAO and Key Contributor Receive SEC Subpoena
Sushi DAO and its CEO, Jared Grey, were subpoenaed by the U.S. Securities and Exchange Commission (SEC). In response, Grey proposed a "Sushi DAO Legal Defense Fund" to cover legal costs for core contributors up to $3 million in USDT, with an additional $1 million available if needed. The fund would pay for attorneys' fees and other costs for contributors involved in the project from April 2022 until legal proceedings end. Sushi DAO is cooperating with the SEC and will not comment further.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March 21 Bitcoin Bybit chart analysis
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This is a one-way long position strategy on the 30-minute chart.
Fortunately, yesterday's stop loss standard,
The Bollinger Band 1-hour chart is holding up without breaking the support line.
from an analytical point of view
You may miss out on a seat like this right now.
Since the possibility of sideways movement is high, we try to provide reasonable information as much as possible.
There is an announcement of the Nasdaq indicator at 11:00 tonight.
As a pattern, Bitcoin should come out sideways.
Nasdaq is in a condition where a vertical rise or a strong rise can occur.
Created today's strategy.
*In arrow movement path
long position strategy
1. $27956.5 long position entry zone / stop loss when green support line breaks -> long position target $29236.5
An extreme case like yesterday
Possibility of finishing within the orange resistance/green support line
Following the upper tail or Nasdaq movement
When the previous high point is broken, the whipsaw condition is also established. (Near the 28779 light blue resistance line)
Ahead of the FOMC US interest rate announcement at 3:00 am on Thursday
There is no direction yet.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
Thank you for reading today.
March 20 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
It is an arrow movement path one-way long position strategy.
No danger signs so far.
It is just before an uptrend.
The strategy was carried out in line with the Nasdaq movement.
*In arrow movement path
Long position strategy.
1. $28131.5 entry into long position / stop loss when breaking the green support line
-> 1st target of 29131 dollars -> 2nd target of 30070.5 dollars
If it goes down to the green support line today, it could end with a sideways move.
Please pay attention to the Nasdaq movement.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
March 16 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 1.35% over the last 24 hours and fell to an intraday low of $23,908.45. On March 14, the bulls managed to push Bitcoin above the key overhead resistance level of $25,250. However, the presence of a long wick on the candlestick suggests that the bears are not willing to give up. The 20-day exponential moving average, or EMA ($23,012), has started to turn up, and the relative strength index (RSI) is in the positive territory, suggesting that buyers have an edge in the market. If the price remains above $25,000, the BTC/USDT pair may have the potential to surge to $30,000.
Today’s Cryptocurrency Headline
Fidelity Crypto Investment Product Now Available to All Users
Fidelity Digital Assets has recently made its crypto investment product, Fidelity Crypto, available to the general public. This move allows millions of users to trade Bitcoin and Ethereum on the platform without paying any commissions. The app was previously restricted to a waitlist. Now, new customers can create a Fidelity brokerage account during the setup process to gain access to Fidelity Crypto.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 9.55% over the last 24 hours and rose to an intraday high of $22,600.00. The largest cryptocurrency has rebounded above $22,000 after stablecoin issuer Circle announced the company will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary. The rebound witnessed today has resulted in the relative strength index (RSI) returning to a neutral position, indicating a substantial decline in the short-term selling pressure. If the price maintains above $22,000, the BTC/USDT pair may reach $22,800.
Today’s Cryptocurrency Headline
SVB Draws Support From More Than 100 Investors and Venture Firms
According to Bloomberg, more than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collapse and avoid a possible “extinction-level event” for tech companies. As of Saturday afternoon in San Francisco, about 125 venture firms including Sequoia Capital had signed on to the statement, spearheaded by venture firm General Catalyst, according to a person familiar with the matter. First released Friday by a smaller group of signatories, the statement called the events of the last two days “deeply disappointing and concerning,” and said that the investors would continue relationships with the institution if it were bought by another entity.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March 13 Bitcoin Bybit chart analysis
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Bitcoin 30 minute chart.
This is a long position strategy.
To be precise, it is a short -> long switching or long waiting strategy depending on the Nasdaq situation.
*At the red arrow path
1. 22554 dollars short position / stop loss when orange resistance line or previous high is broken
2. Switch long position at $21,449 / Stop loss when breaking the green support line / Target long position at $23,670
Short-> long switching strategy when reaching section 1 first
If section 2 is reached first, long waiting strategy / orange resistance line -> Top section becomes the target.
Purple support line or green support line from the current position
The point of support (long waiting period) may be the order of job altcoin circulation pumping
I hope you are doing well while watching the Nasdaq movement.
There is no separate indicator announcement from Nasdaq today.
There is a high possibility of crossing
Tomorrow night at 9:30 CPI, even if I'm not there, I hope the operation goes well.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
After recharging, I
I'll be back next Monday, March 20th
thank you.
March 10 Bitcoin Bybit chart analysis
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This is a one-way long position strategy on the 30-minute chart.
The vertical decline has progressed to some extent.
Today at 10:30, there are too many Nasdaq indicator announcements and branching points.
It is said that the indicator announcement at 10:30 is an important indicator with a name.
Please note.
To put it simply,
Bitcoin is best off not touching the green support line until next Monday.
It's because of the weekly chart candle.
The lowest true wave support line is ,
It would be nice to see it as the last line of support for Bitcoin.
So far, there is no justification for raising it.
The tone is thick, the signal is off
Because it touched the downside first based on the 30-minute chart
The downside is open and further declines are possible.
If, from today's breakout of the purple support line,
You need to prepare for the purple finger section at the bottom.
Gap2 retracement came out in the afternoon, and in preparation for the possibility of good news on the NASDAQ today
I focused on the arrow movement path.
*At the red arrow path
long position strategy
1. 19806.5 dollar long position / stop loss when breaking the green support line
20622 dollars 1st target -> 2nd target top price by the weekend -> 3rd target Great section
(Short-term traders can challenge both directions as much as they can.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
March 10 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 6.35% over the last 24 hours and fell to an intraday low of $20,042.72. The largest cryptocurrency plummeted today after the fallout from Silvergate Bank’s demise. The strong support at $21,350 was not able to hold the massive selling pressure, suggesting that bears are in command. The moving averages have completed a bearish crossover and the relative strength index (RSI) is in the oversold territory, indicating the market sentiment is negative. If the BTC/USDT pair drops below $20,000, the price may drop to $18,500.
Today’s Cryptocurrency Headline
Share of Crypto Startup Sold at Discounts on Secondary Markets
Richard Freemanson, CEO of secondary market trading platform Birel, confirmed that shares in numerous private crypto startups are currently selling at significant discounts on Birel.io. These startups include Alchemy, Blockchain.com, Chainalysis, Kraken, ConsenSys, Blockdaemon, CoinDCX, and OpenSea. Block equity offerings by the above companies range in size from $3 million to $50 million, and discounts vary widely. Most notable were Blockchain.com and ConsenSys, who have shares on offer at discounts of 74% and 71%, respectively, to their latest funding rounds. Chainalysis shares are up for sale at a 61% discount, OpenSea stock is available at a 51% discount, and a CoinDCX block is listed at a 47% discount. The Alchemy, Blockdaemon and Kraken shares are discounted by 31%, 30% and 9%, respectively.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March 9 BTCUSD BingX Chart Analysis and Today's HeadlineBitcoin is down 2.06% over the last 24 hours and fell to an intraday low of $21,580.00. The largest cryptocurrency continues its downtrend today due to the United States Federal Reserve Chairman Jerome Powell warning the market that interest rates might remain higher for a longer period of time than previously anticipated. The moving averages have completed a bearish crossover and the relative strength index (RSI) is in the negative territory, indicating the market sentiment is negative. If the BTC/USDT pair drops below $21,351, the price may drop to the critical support at $20,000.
Today’s Cryptocurrency Headline
Silvergate Capital Corporation Announces Intent to Wind Down Operations and Voluntarily Liquidate Silvergate Bank
Silvergate Capital Corporation, the holding company of Silvergate Bank, announced its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes. Given recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward. The Bank’s wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March 8 BTCUSD BingX Chart Analysis and Today's HeadlineBitcoin is down 1.45% over the last 24 hours and fell to an intraday low of $21,928.02. The largest cryptocurrency is struggling to climb back above $23,000, suggesting the bears are controlling the market. The 20-day exponential moving average has started to turn down, and the relative strength index (RSI) is below 42, indicating an advantage to the bear. The sellers will try to pull the price further down, and if the price drops below $22,000, the BTC/USDT pair may drop to the critical support at $21,480.
Today’s Cryptocurrency Headline
Fantom Releases Its go-opera 1.1.2-rc.5 Mainnet Update
According to the official blog, the Fantom Foundation announced the release of a new version of the Fantom mainnet (go-opera version 1.1.2-rc.5). Improvements in this release include batched genesis blocks processing, configurable DBs management, parallel EVM logs search, and optimizations in P2P protocol.
Based on internal testing, this upgrade brings the following benefits:
P2P and events/blocks processing is significantly improved, resulting in an approximately 30% improvement for events/blocks processing time.
Genesis file processing is up to 3 times faster (except for archive genesis files).
Searching logs is now 5 times faster, and each log search should take only 1/5 of the time it took before.
In addition, the new version has made some adjustments to the database layer, which can integrate multiple data storage types (LevelDB and PebbleDB), and also support DBs batching for genesis processing and desynchronizing data flushing.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
March 7 BTCUSD BingX Chart Analysis and Today's HeadlineAccording to CoinShare, digital asset investment products saw minor outflows totalling US$17m last week, marking the 4th consecutive week of negative sentiment. Bitcoin is up 0.15% over the last 24 hours and rose to an intraday high of $22602.06. The largest cryptocurrency is trading in a tight range between $22,300-$22,600 since March 3, suggesting the market is indecisive about the next big move. The 20-day exponential moving average has started to turn down, and the relative strength index (RSI) is below 44, indicating an advantage to the bear. The sellers will try to pull the price further down, and if the price turns down from the current level, the BTC/USDT pair may drop to the critical support at $21,480.
Today’s Cryptocurrency Headline
BCB Group to Offer Dollar Fiat-to-Crypto Payment Service
Oliver von Landsberg-Sadie, CEO of crypto financial services company BCB Group, said in an interview that the company is accelerating plans to add U.S. dollar capabilities and is preparing to go live in the early second quarter to help fill the void left by the recently closed Silvergate Exchange Network (SEN). BCB Group launched its instant settlement network, the BCB Liquidity Exchange Network Consortium (BLINC), in mid-2020. That's a real-time settlement system that does for euros, British pounds and Swiss francs what SEN did in the U.S. until recently for big crypto clients transacting in dollars.
March 9 Bitcoin Bybit chart analysis
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It's a Bitcoinguide.
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Bitcoin 30 minute chart.
It's a one-way neutral strategy.
There are no particularly dangerous signs,
It is in a downtrend, and I bet on the possibility that it will be shaken enough according to the Nasdaq movement.
*In light blue finger movement path
Short -> Long Switching Strategy
1. Entry into short position at $21762 / stop loss when pink resistance line is broken
2. Switch long position at $21319 / stop loss when green support line completely breaks or major Bollinger band support line breaks / final long position target at $21985
Keep an eye on the Nasdaq movement.
There is one thing I would like to ask you.
misunderstanding the analysis itself, or
It seems that there are people who leave comments without reading the article itself.
The reason I write analysis articles every day is not that the long, short, and neutral directions are right, but
Please use my analysis
According to the target section of the support resistance line, it is said to be used for each position, long and short.
I don't want to talk about whether it's right or wrong based on any standard.
I hope that those who are actually trading can refer to it and help.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential.
thank you.
March 8 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is an arrow movement path one-way long position strategy.
Because there is an announcement of Powell's testimony at 12 o'clock tonight
In contrast to the variables, the fluctuation range was not large up to the bottom, so I took plenty of stop loss and proceeded.
In the case of the beat, there was a downward wave in the afternoon.
Since the bottom is open,
It is not good if there is an upward wave (touch down and rise).
*At the red arrow path
long position strategy
1. $22064.5 long position / stop loss when breaking the light blue support line
22418 dollars 1st target -> 22551 Top section 2nd target
Nasdaq movement is the most important, so while watching real-time movement
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential
thank you.
March 7 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
I'm going to the extreme today, but it's very difficult to analyze.
A slight uptrend is underway.
Somehow, I'm concerned about the Gap section at the bottom.
There is still a very high chance of
Today's up and down fluctuations are not large
There is also a Nasdaq index announcement at 12:00,
We will proceed with the strategy of opening the mouth from the bottom without overdoing it.
I will not proceed with chasing shorts or reverse trades.
Instead, those who operate the spot exchange
At the bottom of the long position entry timing
It might be a good idea to lose your hand in the same way and aim for minor altcoins.
*In light blue finger movement path
long position strategy
1. Entry into long position at $22,147 / Stop loss when breaking the green support line / Target long position at $22,544
According to Nasdaq variables today
In the event of a favorable situation, after breaking through the orange resistance line, you can reach the indicated $22839.5 -> Top price.
My analysis is for reference only.
I hope you operate safely with principle trading / stop loss essential
thank you.
March 6 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
I would like one booster button at the bottom, please.
Bitcoin 30 minute chart.
It is a one-way long position strategy.
Today is a day with many diverging points and a high possibility of sideways movement.
There were many difficulties in the analysis.
When viewed in terms of pattern or gap section
It ended with a moderate right-handed sidewalk.
It is a long waiting strategy at the bottom waiting after sideways movement.
*In light blue finger movement path
long position strategy
1. Entry into long position at $22234 / stop loss when breaking the green support line
-> $22591 long position target
If it rebounds from the current position without adjustment
It can rise up to the top price.
You can rock it up and down in both directions.
Opposite trading or long or short wait strategies seem more advantageous than chase trading.
My analysis is for reference only.
Please operate safely as principle trading / stop loss is essential
thank you.
March 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is up 0.15% over the last 24 hours and rose to an intraday high of $22,570.52. The largest cryptocurrency plummeted below the $23,000 support on March 3 due to concerns about the solvency of crypto bank Silvergate. The 20-day exponential moving average ($23,085) has started to turn down and the relative strength index (RSI) is below 44, indicating an advantage to the bear. The sellers will try to pull the price below the February 13 low of $21,351. If it happens, the BTC/USDT pair may drop to the vital support at $20,000.
Today’s Cryptocurrency Headline
ConsenSys' zkEVM Testnet Will Live on March 28
Ethereum infrastructure development firm ConsenSys will launch a public testnet for its zero-knowledge Ethereum Virtual Machine (zkEVM) on March 28. Its private testnet has processed over 350,000 transactions. ConsenSys has not set a date for when their zkEVM will move out of the testnet phase, but Nicolas Liochon, ConsenSys R&D director and head of the ZK business group, said it should happen by the end of 2023. In January, ConsenSys’ zkEVM testnet opened a private beta version to 100 selected users, and now it's open for anyone to join.