#Bitcoin 🪙 is moving according to the channel formed in the 4-hour time frame, and after reaching the resistance level of $72,000-$74,000, which was the top of the channel, it started to decline and has now reached the bottom of the channel.
The area of the bottom of the channel can be a stabilization area for the price, and the price can start to grow again to the specified resistance level. If this area is breached, the price will decrease to the main support level of $57,500-$56,200. .
The area of the bottom of the channel can be a stabilization area for the price, and the price can start to grow again to the specified resistance level. If this area is breached, the price will decrease to the main support level of $57,500-$56,200. .
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#Bitcoin 🪙 ETF inflows are getting 🚀🚀🚀
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Altcoin prices can benefit indirectly
When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.
The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.
The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including #SOL , #ADA , #MATIC
projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.
When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.
The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.
The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including #SOL , #ADA , #MATIC
projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.
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#Bitcoin’s🪙 price has experienced mounting sell-side pressure, causing it to shed more than 5.5% over the last seven days and setting a six-week low at $58,400 on June 25.
“If this structure persists, it has historically resulted in a deterioration of investor confidence, and risks this correction being deeper and taking longer to recover from.
“If this structure persists, it has historically resulted in a deterioration of investor confidence, and risks this correction being deeper and taking longer to recover from.
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Let's check the #Bitcoin 🪙 chart today (the global financial markets are closed. )
The price of Bitcoin has reached the ceiling of the descending channel again in the 4-hour time frame. The periodic resistance of $59,500 has also been broken. The probability of the price returning to the main resistance in the $72,000-$74,000 area is now high as the price has rested well. After breaking the resistance of the channel and returning to it again, you can enter the trade.
The price of Bitcoin has reached the ceiling of the descending channel again in the 4-hour time frame. The periodic resistance of $59,500 has also been broken. The probability of the price returning to the main resistance in the $72,000-$74,000 area is now high as the price has rested well. After breaking the resistance of the channel and returning to it again, you can enter the trade.
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#Bitcoin crossed the 65,000 mark, but many altcoins have not grown much, and most have now reached the resistance level.
#LINA has reached the resistance level of $0.006410 - $0.006960 in the 4-hour time frame. If it can not break this level, the possibility of falling again to the support level of $0.004240 - $0.004600 is very high.
The general trend of the market has improved a little, although Bitcoin has seen a good growth, but Lina has not yet grown much, and we have to wait for the resistance to break.
#LINA has reached the resistance level of $0.006410 - $0.006960 in the 4-hour time frame. If it can not break this level, the possibility of falling again to the support level of $0.004240 - $0.004600 is very high.
The general trend of the market has improved a little, although Bitcoin has seen a good growth, but Lina has not yet grown much, and we have to wait for the resistance to break.
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#Bitcoin is now falling again after reaching the previously defined territory.
In the 4-hour time frame, a downward harmonic pattern has formed on the chart, and the price started to decrease after facing the resistance of $68,300 and has reached the small support level of $62,845 - $63,920.
If the current level is broken by increasing selling pressure, the price may return to the previous bottom of $53,530.
In the 4-hour time frame, a downward harmonic pattern has formed on the chart, and the price started to decrease after facing the resistance of $68,300 and has reached the small support level of $62,845 - $63,920.
If the current level is broken by increasing selling pressure, the price may return to the previous bottom of $53,530.
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#Bitcoin decreased by more than 15% in the last 24 hours and fell below the level of $53,530.
The fall has been stronger than before, and the previous support level has also been broken. The probability of the price continuing to fall to $50,000 is now very high because this is the next level of demand.
In the current situation, it is better to stay away from trading and value your capital.
The fall has been stronger than before, and the previous support level has also been broken. The probability of the price continuing to fall to $50,000 is now very high because this is the next level of demand.
In the current situation, it is better to stay away from trading and value your capital.
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#Bitcoin recovered well and is now trading above $60,000.
The previous dynamic resistance has now turned into dynamic support and caused about 20 price reversals.
Now, the level of #62845.00 - #63920.00 is the first resistance to continue growth and reach 74 thousand dollars. At first, it is expected that the necessary liquidity will be provided for both specified resistances, and after a little rest and collecting the necessary liquidity, the price will continue to grow.
The previous dynamic resistance has now turned into dynamic support and caused about 20 price reversals.
Now, the level of #62845.00 - #63920.00 is the first resistance to continue growth and reach 74 thousand dollars. At first, it is expected that the necessary liquidity will be provided for both specified resistances, and after a little rest and collecting the necessary liquidity, the price will continue to grow.
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