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Repost from Crypto VIP News ๐๏ธ
#BTC/USDT ANALYSIS
Bitcoin remains within a descending broadening wedge pattern after sweeping liquidity below it. Currently, it is rebounding off the support trendline.
The 200 MA and the Ichimoku Cloud are both serving as resistance above the current price action. A solid breakout from the pattern is anticipated soon, which could lead Bitcoin to reach a new high.
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Repost from Crypto VIP News ๐๏ธ
#BTC/USDT ANALYSIS
Bitcoin is experiencing a rebound from the support trendline and horizontal demand zone following a strong rejection at the resistance trendline of the descending broadening wedge pattern. This price movement suggests that Bitcoin is finding stability above the crucial demand zone and the pattern's support trendline.
The 200-day moving average is currently providing robust support just below this demand zone, bolstering the bullish sentiment. However, the 100-day MA is posing as a resistance level, which could challenge the upward momentum.
Despite this resistance, the overall technical indicators and market conditions suggest the potential for a strong bullish rally in the crypto market, as investors and traders remain optimistic about Bitcoin's capacity to break through these barriers and sustain an upward trajectory.
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Repost from Crypto VIP News ๐๏ธ
In the past 24 hours , 2,13,305 traders were liquidated , the total liquidations comes in at $827.23 million
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Repost from VIP Results/Proofs Channel
+6
#SLEEPLESSAI +689%๐ฅ
#SHIB +830%๐
#SUSHI +351%โ
#SLP +354%๐ฐ
#ZRX +876%๐ฅ
#VGX +221%๐
#SXP +364%๐
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Repost from Crypto VIP News ๐๏ธ
# | Coin | Price | Cap | 24h%
1 BTC $53,925 $1.06T -11.41%
2 ETH $2,263 $272.34B -22.46%
3 USDT $1.00 $114.32B -0.09%
4 BNB $444.05 $64.78B -16.04%
5 SOL $127.52 $59.44B -12.06%
6 USDC $1.00 $33.30B -0.04%
7 XRP $0.470 $26.30B -15.59%
8 STETH $2,243 $22.06B -23.13%
9 TON $5.36 $13.56B -10.99%
10 DOGE $0.0900 $13.22B -16.29%
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Repost from Crypto VIP News ๐๏ธ
Crypto Market Stats ๐
Market Cap: $1,958,693,330,537
BTC Dominance: 54.33%
24h Volume: $240,775,952,688
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Repost from Crypto VIP News ๐๏ธ
๐ฐ Recent News in Crypto๐ฅ
Crypto Market Rout Resumes as Equities Trading Briefly Halted in Japan
15 minutes ago via decrypt.coโก
The market tomorrow
35 minutes ago via unusual_whalesโก
Jump Crypto unstakes $315M of ETH, now headed to exchanges
36 minutes ago via cointelegraph.comโก
24,009,969 #XRP (11,359,095 USD) transferred from #Binance to unknown wallet
47 minutes ago via whale_alertโก
23,680,816 #XRP (11,203,373 USD) transferred from #Binance to unknown wallet
47 minutes ago via whale_alertโก
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Repost from Crypto VIP News ๐๏ธ
๐
Events for Today
2024-8-06 - ELF Aelf v.1.10.0 Upgrade
2024-7-01 - FIL Dev Guild Cohort Program
2024-8-06 - STORJ PartnerSummit in Nashville, USA
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Repost from N/a
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#KSM/USDT All take-profit targets achieved ๐
Profit: 149.1974% ๐
Period: 6 Hours 56 Minutes โฐ
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Repost from N/a
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SAND/USDT All take-profit targets achieved ๐
Profit: 58.746% ๐
Period: 6 Hours 42 Minutes โฐ
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Repost from Crypto VIP News ๐๏ธ
#BTC/USDT ANALYSIS
Following the breakdown of the rising wedge pattern, the price has experienced a downward movement and is currently trading below the Ichimoku Cloud, indicating a potential for further decline.
The presence of a CME gap between the 60,845 and 58,790 levels suggests that the market may seek to fill these gaps before establishing a new direction.
Historically, once such gaps are filled, the market often experiences a reversal, which in this case could lead to a strong bullish rally.
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Repost from N/a
โก #1000PEPE/USDT
๐ค Long
๐น Buy: 0.009211 - 0.009000
๐งฟ Target: 0.009300 - 0.009402 - 0.009530 - 0.009626 - 0.009722 - 0.009819
๐งจ StopLoss: 0.008800
๐ Leverage: 20x
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Repost from Crypto VIP News ๐๏ธ
#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection from the resistance trendline of its channel and is trading within the Ichimoku cloud. We might anticipate a bounce from this level. However, if Bitcoin breaks below the Ichimoku cloud, further market correction could occur.
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