𝐁𝐢𝐭𝐓𝐫𝐚𝐝𝐞𝐗 📊
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#BAKEUSDT has been trading within a descending channel on a daily timeframe. Throughout this formation, the price has consistently respected the trendlines. We anticipate a significant breakout due to the recent push received from a successful retest of the channel's lower support.
If #BAKE can break above the descending resistance, supported by the liquidity at $0.36, we could witness a strong bullish move. This breakout would signal a potential trend reversal and align with our bullish outlook.
Should the current resistance hold, we might see a retest of the support level at $0.1860. This could provide the necessary rally for a breakout. You need to watch for signs of strong buying interest at this level as an indicator of a potential upward move.
If both support levels fail, #BAKEUSDT could face increased bearish pressure, leading to further declines. In this scenario, monitoring lower support zones becomes crucial to gauge the extent of the downward move.
⚡️ BitTradeX
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☕️ Important news:
🟧 US spot BTC-ETFs registered inflows of >$310 million yesterday, the best since June 5.
🟧 Final approval of spot ETH-ETFs is expected soon, listing next week - CT.
🟧 The U.S. economy may have peaked in Q2, curbing retail investors' enthusiasm for cryptocurrencies: Coinbase.
🟧 The odds ratio for a US rate cut in September has risen to nearly 95%.
It's like I say, we are in for a positive market until the American election and all summer long.
⚡️ BitTradeX
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#ZEN/USDT All Take Profit Target Achieved✅
Profit +380.84%🚀
Reached: 11.484📈
🇩🇪 Germany's government sells off all of its Bitcoin holdings, totaling $2.9 billion.
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Bitcoin review. 🪙
Judging by the negative mood in the market one cannot exclude the possibility of another price plunge. Since now the price is clearly following the downtrend line and cannot break through it.
Also locally on the chart there is a triangle pattern formed, from which the price can make an impulsive exit to one of the sides. A more favorable outcome for a big player will be the price exit down to the zone of $50500 - $52000, where there is an accumulation of old liquidity. Plus it will put more fear on usual market participants and they will leave the market or liquidate.
And after trading in the $50500 - $52000 zone, Bitcoin price will be able to rebound and start breaking the downtrend.📈
⚡️ BitTradeX
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#TAO is flashing bullish signals at the edge of a falling wedge on the daily chart
A retest after breakout could spark a 70-80% bullish wave in the mid-term ️
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Germany has 9K Bitcoin left just 3 weeks after it started selling
Germany’s Bitcoin stack briefly dipped below 5,000 BTC after sending a mass of funds to Coinbase, Bitstamp, and Kraken but has since moved back.
#CHR/USDT All Take Profit Target Achieved✅
Profit +153% in 1 Day 40 Minutes🚀
Reached: 0.2538📉
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