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Bitcoin Price Mapping Before Halving. You Ready?Hi guys, I will present my ide for BTC in this last month or the 3rd quarter in 2023, and how Bitcoin potentially move up and down prior to Halving First, at the current price, Bitcoin is holding its horizontal level as the bear failed to break it down. Supported by oversold RSI indicator, Might be safe to say that this area is a good one to DCA. On the other side, Bitcoin had broken the trendline drawn, so there is a chance that the uptrend formed since the start of 2023 will shift to bearish trend. If that happens, I would project that Bitcoin will go down to 20k USD, the "Good buy" zone, the previous ATH, the resistance-turned support. Probably bull run will start after Bitcoin visit that price. However, if we look at the weekly timeframe, the support is around 16k. If BTC really goes there, would you dare to buy? Overall, I still stay away from the market due to extremely low volume compared to 2022
by Evolutiontrading-Indonesia
1
NCT - Proof real projects don't need hype to pump?Many watching NCT price have probably been holding for many years. I think I purchased just after the launch and one of the few I HODLed during the bear market, watching the team grown and build out their network. Polyswarm are one of those companies that fly under the radar (e.g. like Nuggets (NUG)) that seem to deliver both the investor and innovation dream. Building these companies is much harder than just coming up with an idea which seems to be enough to fuel many of these over-hyped tokens. It means risk, red-tape, resources, networking in real industries and crucially passion about the business you are creating to persevere for 4+ years. Recognition may have finally come with Coinbase exchange appointment on merit and bringing it into the view of the wider community. Alternatively this might just be another hyped coin but you always need a little hype to pump ;) Best, Hard Forky
Long
by hardforky
Bitcoin: Pump from 39414Hello trader! This is a new level of trading where we can figure out pinpoint accurate reversal points. These levels are unique and we will see sudden reactions at these levels. Previously I was creating my own perception. Sometimes I also fall into a trap where the market forms clear patterns and when we try to trade but it turns against us. It's the nature of the Market. That's why I have created a new level of trading. React when the Market reaches the reversal point. 39414 is the next reversal point and I am expecting a sudden rise from this point but in any case market fails to hold this number then this number will turn as resistance and the next bottom figure will be 34424. Hit the like button for the idea and follow to stay connected.
Long
by Aadil1000x
19
Bitcoin Today: still risingPrice The market showed a dip to the 7300.0 yesterday, but it was quickly picked up, and the price returned back to the 7500.0 level. Average trading volumes of last three days are gradually uptrending, though the growth is not drastic the important at least hold on one level. Breakthrough of the 7600.0 resistance is required to continue bullish movement. Two rising days formed a Bullish Trend Line, which will serve as a support for the uptrend. Next big resistance on the way up will be 8000.0 level. Breakthrough below the Trend Line and further dive under 7200.0 level will dismiss a rising scenario. Today forecast Trading in the 7500.0 – 8000.0 zone. The upward impulse to 8000.0 is possible. Latest news Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value. South Korea’s top court ruled on Wednesday that the government could confiscate cryptocurrencies as crime profits since they are assets with economic value. The case involves Ahn, who operated an online porn site, and his 191 BTC that the prosecution confiscated, as news.Bitcoin.com previously reported. “This marks the first time a cryptocurrency has been subject to confiscation,” the Korea Times wrote. Ripple CEO says that correlation between Ripple and Bitcoin will decrease. Bitcoin’s influence over the prices of all digital assets may start to wane soon, believes the CEO of Ripple, Brad Garlinghouse. In 2018, altcoins mostly rallied in lockstep with Bitcoin, with rare exceptions. However, the trend may soon turn, as market participants realize the fundamental differences between Bitcoin and other digital assets. "There's a very high correlation between the price of XRP and the price of bitcoin, but ultimately these are independent open-sourced technologies," Garlinghouse said in an interview for CNBC’s Power Lunch. "It's early, over time you'll see a more rational market and behaviors that reflect that," Garlinghouse said.
BITFINEX:BTCUSDLong
by DestinationMoonCrypto
Bitcoin Today. 8500, from here?Price Bitcoin spent last days fluctuating around 8500.0 level. 8500.0 level lies close to the Bullish Trend Line and is considered an important support for the April – May bullish pattern. As long as the price holds above the Bullish Trend Line, the overall bias still stays bullish. Breakthrough of the Bearish Trend Line and 100-days EMA afterward would be required to confirm the return to the uptrend and testing the 10000.0 level. Dive below the Bullish Trend Line and 8000.0 support will lead the price into a deeper correction, probably to the 6000.0 levels. Today forecast Lateral trading in the 8200.0 – 8800.0 zone. Latest news Thailand Commences Cryptocurrency Regulations Today. The decree to regulate cryptocurrencies and initial coin offerings in Thailand goes into effect on Monday. The government has also revised the country’s tax code to add crypto taxation. Sellers of digital tokens will face a fine or even jail time if they fail to register with the regulator within 90 days. The Thai government’s decree to regulate cryptocurrencies and initial coin offerings (ICOs) goes into effect on Monday. The Digital Asset Management Act BE 2561 was approved by the Thai cabinet in March and has been amended since. The revision of the Revenue Code No. 19 was also announced in order to tax crypto profits at 15%, according to local media. Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period. Zimbabwe’s central bank issued Circular to Banking Institutions No. 2/2018: Virtual Currencies, effectively banning all crypto activity in the African nation. Businesses dealing in decentralized currencies have 60 days to comply. Issued 11 May, the Reserve Bank of Zimbabwe, the country’s central bank, laid out seven points in ordering the shutter of things crypto within the southeast African nation. Referencing two previous circulars going back as far as three years ago, the notice explains “’banking institutions’ attention is once again drawn to the risks involved with virtual currencies and the need to ensure strict adherence to sound risk management. Our investigations have revealed that the major cryptocurrency exchanges facilitating the trade of virtual currencies in Zimbabwe are Bitfinance (Private) Limited (Golix) and Styx24. Golix has gone further to set up an ATM machine through which cryptocurrency transactions are facilitated.”
BITFINEX:BTCUSD
by DestinationMoonCrypto