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Clear breakout of major SMA. Now, tends to 106k trend line if no bad news shoots out by New Year Eve. A quick retest on SMA may occur.Clear breakout of major SMA. Now, tends to 106k trend line if no bad news shoots out by New Year Eve. A quick retest on SMA may occur.0 Kommentare 0 Anteile 414 AnsichtenPlease log in to like, share and comment!
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We are currently experiencing a Santa Rally. We hope everyone enjoys the ride and wish you all the best success and festive celebrations!We are currently experiencing a Santa Rally. We hope everyone enjoys the ride and wish you all the best success and festive celebrations!0 Kommentare 0 Anteile 429 Ansichten
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Hourly magnifiedHourly magnified0 Kommentare 0 Anteile 404 Ansichten
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Hourly chart is heating upHourly chart is heating up0 Kommentare 0 Anteile 420 Ansichten
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Decreasing Bitcoin Exchange Reserves Amid Falling PricesAs of 2024, Bitcoin exchange reserves—referring to the amount of Bitcoin held on centralized exchanges—are a key indicator for understanding market sentiment and potential price movements. There are several current trends and factors driving changes in Bitcoin exchange reserves, each influencing Bitcoin's price trajectory. 1. Decreasing Bitcoin Exchange Reserves Trend: Bitcoin...0 Kommentare 0 Anteile 1KB Ansichten
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Michael Saylor's 21 Rules Of Bitcoin -- May this prove to be the Bitcoin TestamentsMichael Saylor's 21 Rules Of Bitcoin -- May this prove to be the Bitcoin Testaments0 Kommentare 0 Anteile 751 Ansichten
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Still, unbiased market follow can win.Still, unbiased market follow can win.0 Kommentare 0 Anteile 899 Ansichten
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Spot #Bitcoin ETFs have faced significant turmoil due to a persistent streak of outflows, continuing for seven days, with no new inflows throughout the week. This has heightened uncertainty in the Bitcoin community, especially as today's Bitcoin's price has dropped to $54,550, by 10:45am EST marking about a 5% decline over the past week and losing support around the $60,000 level. Major ETF providers like Grayscale, BlackRock, and Fidelity have reported substantial outflows, totaling $211 million on September 5, reflecting growing bearish sentiment among institutional investors. Despite Bitcoin spot ETFs having a total net asset value of about $50 billion since their inception in January, recent stagnation and negative market sentiment have contributed to increased volatility. Additionally, $39.53 million in Bitcoin liquidations over the past 24 hours, primarily from long positions, underscores the challenging market conditions and the dim outlook for a trend reversal in the near term.Spot #Bitcoin ETFs have faced significant turmoil due to a persistent streak of outflows, continuing for seven days, with no new inflows throughout the week. This has heightened uncertainty in the Bitcoin community, especially as today's Bitcoin's price has dropped to $54,550, by 10:45am EST marking about a 5% decline over the past week and losing support around the $60,000 level. Major ETF providers like Grayscale, BlackRock, and Fidelity have reported substantial outflows, totaling $211 million on September 5, reflecting growing bearish sentiment among institutional investors. Despite Bitcoin spot ETFs having a total net asset value of about $50 billion since their inception in January, recent stagnation and negative market sentiment have contributed to increased volatility. Additionally, $39.53 million in Bitcoin liquidations over the past 24 hours, primarily from long positions, underscores the challenging market conditions and the dim outlook for a trend reversal in the near term.0 Kommentare 0 Anteile 2KB Ansichten
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This is an important week of economic data, with the Friday jobs report especially in focus. Economists polled by the Wall Street Journal expect the U.S. to have added 161,000 new jobs in August, up from 114,000 in July, and expect the U.S. unemployment rate to fall to 4.2%, from 4.3% in the previous month.
Such data is important to watch, as it could determine the short-term direction of bitcoin’s price (#BTCUSD).This is an important week of economic data, with the Friday jobs report especially in focus. Economists polled by the Wall Street Journal expect the U.S. to have added 161,000 new jobs in August, up from 114,000 in July, and expect the U.S. unemployment rate to fall to 4.2%, from 4.3% in the previous month. Such data is important to watch, as it could determine the short-term direction of bitcoin’s price (#BTCUSD).0 Kommentare 0 Anteile 2KB Ansichten -
Narrow range, probably okay for a tinny profit when there's no commission charged. Otherwise not recommended to trade #BTC/USD at tight accumulation range but in high downward pressure. Bulls are quite supportive at lower range but bears are pressing hard at upper range. After the breakout, retest might trigger an upthrust. Yet to see.
Narrow range, probably okay for a tinny profit when there's no commission charged. Otherwise not recommended to trade #BTC/USD at tight accumulation range but in high downward pressure. Bulls are quite supportive at lower range but bears are pressing hard at upper range. After the breakout, retest might trigger an upthrust. Yet to see.0 Kommentare 0 Anteile 2KB Ansichten
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