Crypto Love Academy
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The crypto market sees green across the board as Bitcoin reclaims the $59K level after trading as low as $54,092 last week. ๐
In the past 24 hours, Bitcoin has increased by 3.2%, and Ethereum is up 1.3%. Altcoins like Solana and Toncoin are also experiencing similar gains, with the total crypto market cap now standing at $2.27T.
Initial reactions on X suggest that whales have been buying 47,000 Bitcoins at an average price of $57K.
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๐ Cryptocurrency is growing. Bitcoin has gained 4% over the past 24 hours, Ethereum has gained 6%, and altcoins from the top 100 have grown more significantly.
๐ Growth leaders: BONK +24%, TIA +20%, SEI +17%, PEPE +15%, ENA +13%.
There are no falling assets.
Fear and greed index 27.
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๐ANALYSIS BTC/USDT
Bitcoin has recently declined following the breakdown of a symmetrical triangle pattern. It is currently trading above a key horizontal demand zone.
The next significant support level is around the $52,000 mark, where a potential bounce can be anticipated.
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