#Analysis #BTC

🪙 #Bitcoin has held above $53,000 and yesterday tested the $58,000 level. On the 4-hour chart, the RSI indicator points to a potential trend reversal

📈 All this signals that a breakout of the $59,000 resistance level is possible, with bulls taking control of the market.

The case for growth is also supported by the fact that inflows into #BTC-#ETF on Monday amounted to around $28.5 million after an 8-day period of outflows.

⚠️ However, it’s important to remember that only a third of September — historically the most negative month for cryptocurrencies — has passed, so caution is advised.

this is not financial advice

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🚀 The market is rising after Jerome Powell's statements

The key points of his speech were that the Federal Reserve is fully focused on inflation and employment, economic activity continues to grow, and the decision has been made to adjust policy towards less restraint.

📣 The most interesting part that pushed the market upward was Powell's statement that the Fed is ready to continue lowering rates in November and December, provided that there is positive economic data. As a reminder, the rate was near zero until March 2022. A return to these levels could be a powerful catalyst for capital inflow into high-risk assets.

🪙 However, it's worth noting the muted reaction of #BTC, whose price did not show significant growth despite the positive news, due to a $52.7 million outflow from #ETF.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

🕯 #BlackRock in a new report called #BTC a unique asset for diversification

The #Bitcoin-#ETF is positioned as a hedging tool against fiscal, monetary, and geopolitical risks. The key point is the irregular correlation of #BTC with the U.S. stock market and the resilience of digital gold to market fluctuations caused by panic.

📈 Notably, the report also includes a section titled "Bitcoin’s Path to a $1 Trillion Market Capitalization."

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

📈 Historically negative September brought Bitcoin an 8% increase

Today, #BTC broke the $64,000 level, where it last traded on August 26. Experts cite the recovery of the U.S. stock market after the Fed's rate cuts and the Bank of Japan's decision to maintain its rates as the main drivers of the growth.

🕯 The current situation with cryptocurrencies is developing according to the classic scenario: the dollar index is falling, but high-risk assets are rising, benefiting from increased liquidity.

#ETF also saw capital inflows, with over $158 million added yesterday, signaling positive sentiment among institutional investors.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

#Analysis #ETH

🔷 #CryptoQuant published a technical analysis of #Ethereum:

After a prolonged decline, the 30-day moving average of ETH funding rates showed a bullish shift.

📈 This coincided with the market returning to high price levels and an increase in Ethereum’s value, which may signal a reversal of the bearish trend for this coin.

Meanwhile, spot Ethereum-#ETF saw the largest inflow of funds since the beginning of August — $62.5 million.

not a trading recommendation

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

⚡️ Japan is ready to revise cryptocurrency regulations

In addition to plans to launch yen-pegged stablecoins and to test a cross-border cryptocurrency transfer platform by Japanese banks, the country's government authorities are soon planning to reduce taxes on digital assets and open domestic funds for investment.

📌 This is particularly important and interesting as this step could lead to the launch of a cryptocurrency #ETF in Japan, which will bring additional funds to the market.

A specialized agency has already begun assessing the current approach to cryptocurrency regulation and promises to present a report with new recommendations in the coming months.

#CryptoNews

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.

#Opinion

🪙 #StandardChartered believes that #Solana will increase in value by five times

This forecast is based on the assumption that, in the event of Donald Trump's victory in the elections, the #SOL-#ETF will be approved and launched within the next year.

Additionally, experts noted the potential for #ETH to triple in value and #BTC to quadruple by the end of 2025. The outlook for Bitcoin generally aligns with market expectations of the digital gold reaching around $200,000, with the timing being the only question.

✅ Join our chat, where KickEX experts will answer any of your questions regarding trading and the exchange's operations.