Market Update 🟢
Over the past 24 hours, Bitcoin experienced a false breakout upwards, followed by a further decline to the $57,700 level.
At the moment, the strength of the buyers is not sufficient to trigger strong upward impulses and break through the key resistance level. For this to happen, Bitcoin needs to reach a range where buyer strength will significantly increase, which is at the $56,000 level.
Therefore, it is more likely that the correction will continue at least until the nearest support level.
Crypto Market Analysis
Over the past 24 hours, Bitcoin experienced a false breakout upwards, followed by a further decline to the $57,700 level.
At the moment, the strength of the buyers is not sufficient to trigger strong upward impulses and break through the key resistance level. For this to happen, Bitcoin needs to reach a range where buyer strength will significantly increase, which is at the $56,000 level.
Therefore, it is more likely that the correction will continue at least until the nearest support level.
Crypto Market Analysis
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November signals an inevitable rise ⤴️
The chart shows Bitcoin's reaction following U.S. presidential elections.
As you can see, each time the market experienced strong growth and eventually reached a new all-time high.
This year’s election will be held on November 5th. Typically, a gradual rise begins about a month before the election, followed by a sharp and strong surge afterward. Until then, significant growth impulses are not expected—in September, we anticipate either sideways movement or a deeper correction. Only after the end of the month can a solid reversal be expected.
▪️ The red line on the chart represents the U.S. elections.
Crypto Market Analysis
The chart shows Bitcoin's reaction following U.S. presidential elections.
As you can see, each time the market experienced strong growth and eventually reached a new all-time high.
This year’s election will be held on November 5th. Typically, a gradual rise begins about a month before the election, followed by a sharp and strong surge afterward. Until then, significant growth impulses are not expected—in September, we anticipate either sideways movement or a deeper correction. Only after the end of the month can a solid reversal be expected.
▪️ The red line on the chart represents the U.S. elections.
Crypto Market Analysis
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💰 Coinglass If BTC surges to $65,000, the volume of SHORT position liquidations could reach $6,650,000,000!
Crypto Market Analysis
Crypto Market Analysis
#Opinion 🧐
Bitfinex analysts predict a sharp rise followed by a correction in BTC to $40,000-$50,000 if the #Fed cuts rates by 50 basis points in September – Blog.
▫️If the Fed's monetary policy easing is stronger than market expectations, the risk of a U.S. recession will increase.
▫️A 25 basis point Fed rate cut would mark the beginning of a long-term upward trend for Bitcoin as liquidity increases and recession risks diminish.
Crypto Market Analysis
Bitfinex analysts predict a sharp rise followed by a correction in BTC to $40,000-$50,000 if the #Fed cuts rates by 50 basis points in September – Blog.
▫️If the Fed's monetary policy easing is stronger than market expectations, the risk of a U.S. recession will increase.
▫️A 25 basis point Fed rate cut would mark the beginning of a long-term upward trend for Bitcoin as liquidity increases and recession risks diminish.
Crypto Market Analysis
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#Records
🩸 Minus $287,780,000 - the largest capital outflow from spot Bitcoin ETFs since May 1st this year! (SoSoValue)
Crypto Market Analysis
🩸 Minus $287,780,000 - the largest capital outflow from spot Bitcoin ETFs since May 1st this year! (SoSoValue)
Crypto Market Analysis
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🐻 Arthur Hayes now bears the outlook , believing that BTC could drop to $50,000, and altcoins might "sink even deeper into the sewer" article.
Previously: Arthur Hayes: It's time for "only up" in the crypto market. Believing in J. Powell.
Crypto Market Analysis
Previously: Arthur Hayes: It's time for "only up" in the crypto market. Believing in J. Powell.
Crypto Market Analysis
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#WetDreams #BTC
🧙Elliott Waves suggest a "predictable" $340,000 per Bitcoin...
P.S. If we break the line and fall below $40,000, the wave analysts will redraw the chart, and everything will be fine.
Crypto Market Analysis
🧙Elliott Waves suggest a "predictable" $340,000 per Bitcoin...
P.S. If we break the line and fall below $40,000, the wave analysts will redraw the chart, and everything will be fine.
Crypto Market Analysis
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💸 #ETH The Ethereum Foundation has enough funds for another 10 years – Reddit
The foundation's balance is $650,000,000 in ETH + fiat. This should last approximately 10 years.
The Ethereum Foundation's current annual expenses are around $100,000,000 (a report will be published soon).
Crypto Market Analysis
The foundation's balance is $650,000,000 in ETH + fiat. This should last approximately 10 years.
The Ethereum Foundation's current annual expenses are around $100,000,000 (a report will be published soon).
Crypto Market Analysis
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🧐 Bitcoin could crash to $30,000 if Kamala Harris wins the U.S. presidential election – forecast by Bernstein
📈 If Donald Trump wins, analysts predict BTC could rise to $90,000.
Crypto Market Analysis
📈 If Donald Trump wins, analysts predict BTC could rise to $90,000.
Crypto Market Analysis
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#CashFlows
📊 Coinshares: Crypto fund flows report.
❗️Capital outflow from the crypto industry for the week = $726,000,000 — the highest since March 2024.
▫️Capital outflow from #BTC-related crypto products = $643,000,000.
▫️Capital outflow from #ETH-related crypto products = $98,100,000.
▫️Capital inflow into #SOL-related crypto products = $6,200,000.
▫️There was a minor inflow into #XRP and #LTC-related crypto products last week.
Crypto Market Analysis
📊 Coinshares: Crypto fund flows report.
❗️Capital outflow from the crypto industry for the week = $726,000,000 — the highest since March 2024.
▫️Capital outflow from #BTC-related crypto products = $643,000,000.
▫️Capital outflow from #ETH-related crypto products = $98,100,000.
▫️Capital inflow into #SOL-related crypto products = $6,200,000.
▫️There was a minor inflow into #XRP and #LTC-related crypto products last week.
Crypto Market Analysis
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#onchain
😮 236,155 BTC ($14.22 billion) have been withdrawn from crypto exchanges in the past two months – CryptoQuant
Crypto Market Analysis
😮 236,155 BTC ($14.22 billion) have been withdrawn from crypto exchanges in the past two months – CryptoQuant
Crypto Market Analysis
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📊 #OnChain
Santiment: People are actively shorting #MANA, #GRT, and #AAVE – the liquidation of positions will lead to a significant price spike for these assets.
Crypto Market Analysis
Santiment: People are actively shorting #MANA, #GRT, and #AAVE – the liquidation of positions will lead to a significant price spike for these assets.
Crypto Market Analysis
🚀 According to Cointelegraph, Bitcoin could rise to $100,000 - $150,000 by the first quarter of 2025.
There is speculation that this could follow the completion of the classic technical analysis pattern "Cup and Handle" on BTC.
Crypto Market Analysis
There is speculation that this could follow the completion of the classic technical analysis pattern "Cup and Handle" on BTC.
Crypto Market Analysis
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#ETF #CashFlow
😮 BlackRock's spot Bitcoin ETF (#IBIT) recorded an INFLOW of funds yesterday for the first time in 3 weeks
The issuer currently holds 357,550 BTC ($20.7 billion).
Crypto Market Analysis
😮 BlackRock's spot Bitcoin ETF (#IBIT) recorded an INFLOW of funds yesterday for the first time in 3 weeks
The issuer currently holds 357,550 BTC ($20.7 billion).
Crypto Market Analysis
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🔞 FAIL Another crypto investor "gifted" $649,000 to scammers after copying the scammer's wallet address from transaction history…
Crypto Market Analysis
Crypto Market Analysis
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⚡️ Jerome Powell (Chairman of the Federal Reserve):
✔️ The economy remains generally strong.
✔️ The labor market continues to cool, which is a significant step forward compared to the beginning of this year.
✔️ Today's decision reflects growing confidence that labor market stability can be maintained.
✔️ Consumer spending remains steady.
✔️ Inflation has noticeably decreased but remains above our target level.
✔️ The labor market is not a source of increased inflationary pressure.
✔️ We expect stable GDP growth.
✔️ Inflation risks have diminished.
❗️ The risks of worsening conditions in the labor market (employment) have increased.
✔️ Our forecasts are not a plan or decision.
✔️ We will adjust the Federal Reserve's monetary policy as necessary.
✔️ If the labor market situation worsens, we can respond.
❗️ We can lower interest rates faster or slower, or pause if appropriate (depending on the economy).
✔️ Most Federal Reserve governors supported today’s 50 basis point cut, but there was strong debate.
✔️ The economy remains generally strong.
✔️ The labor market continues to cool, which is a significant step forward compared to the beginning of this year.
✔️ Today's decision reflects growing confidence that labor market stability can be maintained.
✔️ Consumer spending remains steady.
✔️ Inflation has noticeably decreased but remains above our target level.
✔️ The labor market is not a source of increased inflationary pressure.
✔️ We expect stable GDP growth.
✔️ Inflation risks have diminished.
❗️ The risks of worsening conditions in the labor market (employment) have increased.
✔️ Our forecasts are not a plan or decision.
✔️ We will adjust the Federal Reserve's monetary policy as necessary.
✔️ If the labor market situation worsens, we can respond.
❗️ We can lower interest rates faster or slower, or pause if appropriate (depending on the economy).
✔️ Most Federal Reserve governors supported today’s 50 basis point cut, but there was strong debate.
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