BTC - Zoomed in
Range formed between 67k-69k.
So far, the range low has been holding well. We just saw a deviation below it. As long as it stays above this level, it should go higher. Clean break above the range high = 74k-76k (main scenario)
Clean break below (no deviations) and the next support would be 65k.
I wish you all a nice weekend!
Range formed between 67k-69k.
So far, the range low has been holding well. We just saw a deviation below it. As long as it stays above this level, it should go higher. Clean break above the range high = 74k-76k (main scenario)
Clean break below (no deviations) and the next support would be 65k.
I wish you all a nice weekend!
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BTC update
67k has been broken. However, the demand remains strong.
Basically:
-Reclaim of 67k = bullish
-Acceptance below 67k = 65k, which is another strong support
Based on indicators, I think the reclaim of 67k is a likely scenario, and this PA would be a deviation.
Just wait and see.BTC update
67k has been broken. However, the demand remains strong.
67k has been broken. However, the demand remains strong.
Basically:
-Reclaim of 67k = bullish
-Acceptance below 67k = 65k, which is another strong support
Based on indicators, I think the reclaim of 67k is a likely scenario, and this PA would be a deviation.
Just wait and see.BTC update
67k has been broken. However, the demand remains strong.
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The decline in Bitcoin address activity seems to be primarily caused by a reduction in the usage of Inscriptions and Ordinals. It's worth noting that many wallets and protocols in this sector reuse addresses, which are not counted multiple times if an address is active more than once in a day. So, if a single address generates ten transactions in a day, it would be counted as one active address, but with ten transactions.
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