Get started

Btcusdforecast

What 1-hour chart says? Fundamental Development:- Marathon inks new arrangements to achieve 2023 hash rate target Bitcoin miner Marathon Digital Holdings has secured a deal that it says provides electricity to generate enough power to contribute 23.3 exahashes per second (EH/s) to the Bitcoin network.Marathon revealed in a July 18 announcement that data center operator Applied Blockchain would host 254 megawatts of power, with an option to add 70 megawatts from various other providers, including Compute North. Marathon expects this hosting deal will help it achieve its goal of 23.3 EH/s in computer power by 2023. Exahashes per second (EH/s) refers to the amount of hash power a miner contributes to secure the Bitcoin network. Short Term Technical View: -On daily period, BTC is trading below 200&50 simple moving averages and trading near $21780 -$21,790 ranges. BTC made low 201,430 and now consolidating within a range. Yesterday it made high near $22,750 and then it continue to decline. Bitcoin is struggling to gain momentum above $22,900. Alternative Scenario:- If Bitcoin fails to clear the $22,900 resistance zone, it could start another decline. An immediate support on the downside is near the $21,000 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Crypto owners banned from working on US Government crypto policies US government officials who privately own cryptocurrencies are now banned from working on regulations and policies that could affect the value of digital assets. A new advisory notice released by the US Office of Government Ethics (OGE) on Tuesday stated that the de minims exemption — which allows for the owners of securities who hold an amount below a certain threshold to work on policy related to that security — is universally inapplicable when it comes to cryptocurrencies and stable coins The notice provided an example scenario whereby an employee who owns a mere $100 of a certain stable coin, is asked to work on stable coin regulation — the employee in question cannot participate in work concerning regulation “until and unless they divest their interests in stable coin.”The notice specified that this ruling still applies even if the cryptocurrency or stable coin in question were to ever “constitute for purposes of the federal or state securities laws.”. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $20,300-$20,500 ranges.BTC is made low 19,700 and now consolidating within a range. Yesterday it made high near $20,460 and then it continue to decline. . Bitcoin is struggling to gain momentum above $20,600. Alternative Scenario: If Bitcoin fails to clear the $20,600 resistance zone, it could start another decline. An immediate support on the downside is near the $19,800 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Crypto-Winter Victim: Crypto Hedge Fund 3AC Files for Bankruptcy Singapore-based 3AC is among the high-profile investors whose major capital has fallen into liquidation. This marked one of the biggest casualties of the latest “Crypto Winter.” Representatives from the company made the bankruptcy filing in a Southern District New York (Manhattan) court on June 1, which legally shields the US assets of insolvent foreign debtors from creditors in the US. Last week, a court in the British Virgin Islands ordered the liquidation of 3AC’s capital after they failed to repay a $670 million loan provided by Voyager Digital, a crypto broker. As a result, this has halted all trades, transactions, deposits, and withdrawals. However, 3AC is considering employing business consulting company Teneo to oversee the process. The fund, co-founded by former Credit Suisse traders Zhu Su and Kyle Davis, managed around $10 billion of assets as recently as March, later dipping to $3 billion in April, as reported by block chain analytics firm, Nansen. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $18,900-$19,500 ranges.BTC is made low 18,700 and now consolidating within a range. Yesterday it made high near $19,600 and then it continue to Decline. Bitcoin is struggling to gain momentum above $19,200. Alternative Scenario: If Bitcoin fails to clear the $19,200 resistance zone, it could start another decline. An immediate support on the downside is near the $18,700 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- If you assumed crypto was just a young person's game, think again. More people in the United States than ever before are turning to cryptocurrencies to help fund their retirement, it seems, even as the recent market carnage provides a stark reminder that this wild market is not for the faint-hearted. Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange Ku Coin found. Yet older folk are more devoted to the young asset class than the general population, according to the survey carried out at the end of March, with 28% of those aged 50 and above betting on crypto as part of their early retirement plans. Their most popular for investing in crypto were that they saw it as the future of finance, they didn't want to miss a hot trend, and they saw it as a way to diversify their portfolios. (See GRAPHIC)The market turmoil of recent weeks has hushed talk earlier in 2022 that Bitcoin and other crypto would win mainstream acceptance and be ushered into pension plans."If they (investors) want crypto, it should be a very small allocation of their portfolio, and they should be prepared to lose it," said Erik Knutzen, chief investment officer for multi-asset class strategies at Neuberge Berman."We would not recommend it to everybody."Indeed Bitcoin is trading at around $30,000, down 60% from a peak of $69,000 in November. And the market meltdown means many newcomers' investments are deeply in the red. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $32,200-$31,200 ranges.BTC is made low 31,200 and now consolidating within a range. Yesterday it made high near $29,100 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $32,100. Alternative Scenario: If Bitcoin fails to clear the $32,100 resistance zone, it could start another decline. An immediate support on the downside is near the $30,200 level.
BINANCE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development: Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has told his followers that his LUNA-inspired tattoo will serve as a reminder to remain humble in the world of venture capital investing. Following the fallout of the recent LUNA / UST meltdown, Novogratz penned an open letter on Wednesday, telling his followers that: “My tattoo will be a constant reminder that venture investing requires humility.” Short Term Technical View: On daily time frame BTC is trading below 200 simple moving averages and trading between $28700-$29,300 ranges. Yesterday it made high near $30,678 and then it fell down sharply and found support near $28,600 support zone. Bitcoin is struggling to gain momentum above $28,300.The price is now trading near the $28,200 level and the 200 hourly simple moving averages. Alternative Scenario: if Bitcoin fails to gain pace above the $29,290 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $28,600 level and the next major support is near the $27,900 level.
BITSTAMP:BTCUSD
by eva236220