#Bitcoin’s Major Upgrade Taproot Set for Activation This Week
the upgrade will activate in 571 blocks from the time of writing, or in estimated 4 days.
Taproot is a major event and a major upgrade - the largest one since SegWit, which was activated in 2017.
🔗 https://taproot.watch/
the upgrade will activate in 571 blocks from the time of writing, or in estimated 4 days.
Taproot is a major event and a major upgrade - the largest one since SegWit, which was activated in 2017.
🔗 https://taproot.watch/
Forwarded from Crypto2AF™ Signals VIP
#Bitcoin price hit another all-time high at $69,000 as Ether continued its long slog toward $5,000 after reaching a new high at $4,868 earlier today. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly-$7,000 drop which plunged BTC price below $63,000.
Shortly after achieving these astronomical new heights, #Bitcoin's price fell back towards $62,700, before recovering slightly to around $64,500 and most altcoins endured near double-digit losses.
Shortly after achieving these astronomical new heights, #Bitcoin's price fell back towards $62,700, before recovering slightly to around $64,500 and most altcoins endured near double-digit losses.
Crypto2AF™ Signals VIP
#Bitcoin price hit another all-time high at $69,000 as Ether continued its long slog toward $5,000 after reaching a new high at $4,868 earlier today. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly-$7,000…
#Bitcoin price started a downside correction below $65,000. It must go above the 100 hourly SMA and $66,500 to start a fresh. increase.
If bitcoin fails to clear the $66,500 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $64,200 level.
The first major support is now forming near the $63,500 level. The next major support is near the $62,850 level, below which the price could even decline below the $62,000 support zone.
If bitcoin fails to clear the $66,500 resistance zone, it could extend its downside correction. An immediate support on the downside is near the $64,200 level.
The first major support is now forming near the $63,500 level. The next major support is near the $62,850 level, below which the price could even decline below the $62,000 support zone.
Crypto2AF™ Signals
#Bitcoin price started a downside correction below $65,000. It must go above the 100 hourly SMA and $66,500 to start a fresh. increase. If bitcoin fails to clear the $66,500 resistance zone, it could extend its downside correction. An immediate support on…
#Bitcoin price analysis:
A clear break above $66,350 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $68,000 level, where the bears might take a stand. An intermediate resistance for the bulls may possibly be near the $67,250 level.
If #bitcoin fails to clear the $66,350 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $65,200 level.
The first major support is now forming near the $65,000 level and the broken trend line. Any more losses could lead the price towards the $64,500 level. The next major support is near the $64,000 level, below which the price could even decline below the $63,500 support zone.
4H Technical Analysis
⚪️ RSI: 58.00
❇️ Stoch K: 97.00
⚪️ MFI: 45.00
❇️ CCI: 152.00
❇️ WR%: -17.00
❇️ ADX Signal: +DI > -DI (Bullish)
❇️ MACD Bullish Crossover ON
❇️ Parabolic SAR: Bullish
A clear break above $66,350 resistance may possibly call open the doors for a fresh increase. The next major resistance sits near the $68,000 level, where the bears might take a stand. An intermediate resistance for the bulls may possibly be near the $67,250 level.
If #bitcoin fails to clear the $66,350 resistance zone, it could start a fresh downside correction. An immediate support on the downside is near the $65,200 level.
The first major support is now forming near the $65,000 level and the broken trend line. Any more losses could lead the price towards the $64,500 level. The next major support is near the $64,000 level, below which the price could even decline below the $63,500 support zone.
4H Technical Analysis
⚪️ RSI: 58.00
❇️ Stoch K: 97.00
⚪️ MFI: 45.00
❇️ CCI: 152.00
❇️ WR%: -17.00
10 25 50 100 200
EMA: ❇️ ❇️ ❇️ ❇️ ❇️
SMA: ❇️ ❇️ ❇️ ❇️ ❇️
⚪️ ADX: 15.00❇️ ADX Signal: +DI > -DI (Bullish)
❇️ MACD Bullish Crossover ON
❇️ Parabolic SAR: Bullish
Forwarded from Crypto2AF™ Signals VIP
At the very least, one should be expecting a #Bitcoin bounce right around now.
STH-SOPR has fallen below 1, which means top-buyers are spending their $BTC at a realised loss.
When top buyers capitulate, it’s historically a local bottom.
STH-SOPR has fallen below 1, which means top-buyers are spending their $BTC at a realised loss.
When top buyers capitulate, it’s historically a local bottom.
MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash — link
X (formerly Twitter)
Michael Saylor (@saylor) on X
MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin. As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin. $MSTR
ht…
ht…
#Bitcoin hash rate continues to come back online, nearing all-time highs. True resiliency.
Forwarded from Crypto2AF™ Signals VIP
#BITCOIN - BTC/USDT is part of a very strong bearish trend.
Traders may consider only trading short (sell) positions as long as the price stays well below $ 52,654.30T. The next support at 44,148.50 USDT is the next bearish target to target.
A bearish breakout of this support would reignite bearish momentum. The bearish movement could then continue towards the next support located at 40,668.40 USDT. Below this support, sellers could then aim for 35,840.60 USDT.
With the current setup you will need to watch out for possible bearish excesses that may lead to small corrections in the very short term.
These possible corrections provide opportunities for traders to enter the position in the direction of the downtrend. Trying to profit from purchasing these possible fixes can seem risky.
https://s3.tradingview.com/snapshots/l/LUgMHFUP.png
Traders may consider only trading short (sell) positions as long as the price stays well below $ 52,654.30T. The next support at 44,148.50 USDT is the next bearish target to target.
A bearish breakout of this support would reignite bearish momentum. The bearish movement could then continue towards the next support located at 40,668.40 USDT. Below this support, sellers could then aim for 35,840.60 USDT.
With the current setup you will need to watch out for possible bearish excesses that may lead to small corrections in the very short term.
These possible corrections provide opportunities for traders to enter the position in the direction of the downtrend. Trying to profit from purchasing these possible fixes can seem risky.
https://s3.tradingview.com/snapshots/l/LUgMHFUP.png
11 years ago today, Satoshi Nakamoto sent his final public post on the #Bitcoin forum.
The genius to change the world, the humility to walk away ✨ ✨
The genius to change the world, the humility to walk away ✨ ✨