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Bitcoin (Cryptocurrency)

Bitcoin: Breaking Barriers and Soaring to New HeightsBitcoin has been on a roller coaster ride in recent weeks, but it appears to have found some stability near the $29,000 level. The cryptocurrency took support from the white line on the chart, which is a key Fibonacci retracement level. Now, Bitcoin is facing resistance at the $30,000 level. If it can break through this resistance, it could be on its way to higher prices. However, if it is rejected at this level, it could fall back to the support level at $26,000. Traders will be watching closely to see if Bitcoin can break through the resistance at $30,000. If it does, it could be a sign that the cryptocurrency is ready to move higher. However, if it is rejected at this level, it could be a sign that the rally is over. Technical Analysis: Bitcoin is currently trading above its 20-day and 50-day moving averages. The MACD indicator is currently showing a bullish crossover. Conclusion: Bitcoin is at a critical juncture. If it can break through the resistance at $30,000, it could be on its way to higher prices. However, if it is rejected at this level, it could fall back to the support level at $29,000. Traders will be watching closely to see which direction Bitcoin takes.
COINBASE:BTCUSD
by TRADING-NASA
Bitcoin manipulation and scenarios of further price movement 🔥Monday started very stormy for the crypto market.🔥💥⚡️📉 And it showed that not only Elon Musk can manipulate the market. 😆 And while waiting for positive news, a random fake can create a storm in the desert. What happened today, when Mr. Bitcoin flew from 27.9k to 30k. The truth came out within 5 minutes, regarding BTC-ETF, and the price returned back, from where it started its flight "to heaven". 🗣What is my opinion: We have a lot of uncollected liquidity left at the bottom, which is needed, at a minimum, to break through 30K, as a maximum to go above 30+K. Liquidity is collected at the levels: 27.1K, 26.6K, 26K. That is where the price should come. Given that today the price has returned to the ascending D1 Channel, several scenarios are possible: 🔲1. The price will now move within the price channel, forming a Head and Shoulders, after which it will take away liquidity. 🔲2. The price will break through the ascending channel immediately and, having tested it, will take away liquidity. In any of the cases ‼️ ALWAYS ‼️ calculate your risks and operate your money management correctly. 🧰 The market is always unpredictable. 🔥 And very often, in addition to the news factor, other fundamental and statistical factors coincide, which greatly affect volatility. CRYPTOCAP:BTC #BinanceSquare #Binance #Bitcoin #BTC #etf
BITSTAMP:BTCUSDShort
by TrEKone
False Bitcoin rumors revealing real market sentiment False Bitcoin rumors revealing real market sentiment Fake news sent Bitcoin up about 10% on Monday, surging from $27,900 to over $30,000 after Crypto news site Cointelegraph posted on X that the Securities and Exchange Commission had approved BlackRock’s spot bitcoin ETF application. In response to the rumor, BlackRock had to clarify that no decision had been made regarding their ETF application. Even though the rumor has now been debunked, Bitcoin is still up more than 5%, at $28,600, with some movement suggesting that buyers are still willing to prob for more gains. The 10% upside move has perhaps provided us with a preview of what might happen when/ if the SEC eventually approves or rejects BlackRock's Bitcoin ETF application. It could also be argued that we are also getting a glimpse into what could happen if the SEC rejects the application, with targets set at the pre-rumor price of $27,900 the first port of call.
BLACKBULL:BTCUSD
by BlackBull_Markets