#Analysis #Bitcoin

🪙 The #BTC/#USDT price continues to consolidate near its all-time highs. Over the past week, the market received positive fundamental news regarding new #ETF instruments (this time for #Ethereum), which prompted traders to buy more actively.

As a result, since the beginning of May, the BTC price has been in a short-term upward trend after testing the lower boundary of the range.

📈 The range itself is formed between the support zone of 57 000 - 60 900 and the zone of resistance of 72 000 - 74 000. Recently, the #BTC price tested the first strong resistance level at 72 000. If buyer activity remains strong, a potential scenario to consider is the resumption of the bullish trend and further updating of highs with targets at the 80 000 level.

📉 An alternative scenario is possible if buying pressure is insufficient to break through the 72 000 - 74 000 resistance zone. In this case, it is likely that consolidation will continue, followed by a pullback to the lower boundary of this consolidation and a test of the support zone within the 57 000 - 60 900 range.

this is not a trading recommendation

#Analysis #Bitcoin

🪙 #BTC started moving towards its ATH with positive sentiment, but selling began at the first resistance level of 70 665.

📉 There is a trend level that also serves as a support level at the price of 67 380. If 67 380 is breached, the price may drop to 64 602, with short-term targets being 66 312 and 65 857.

📈 Optimistic sentiment may return to the market after the liquidation of long positions, which will occur if the support level at 64 602 is breached.

this is not a trading recommendation

🪙 Whale #Bitcoin addresses are currently at their highest activity level in the history of #BTC.

#CryptoNews

#Analytics #Bitcoin

🪙 #BTC/#USDT held its position above the support zone of $64,500-$67,700 and broke the short trend.

📈 If market participants maintain the price above $68,500, a good long setup with cascading levels up to $71,979 is forming.

An alternative scenario is further consolidation until news is released.

not a trading recommendation

⚡️ A significant capital inflow of $886.8 million into spot #BTC #ETFs occurred yesterday

This inflow was the second largest since the launch of the ETF. The inflows have continued for 16 consecutive trading days, reaching $3.2 billion

Currently, U.S. spot #bitcoin ETFs hold coins worth more than $61 billion, which accounts for 4.43% of all existing bitcoins 🪙

#Opinion #Analytics

🔼 According to experts from Bitfinex, the consolidation phase is over, and the market is preparing for a bull run

The company's analysts have concluded that the correction is completed, and investors have entered a phase of reaccumulating assets.
This is indicated by the increased inflow of money into #Bitcoin-#ETFs and the rise in accumulation addresses for #Bitcoin and #Ethereum.

Do you share the experts' opinion? 🧐

🪙 #Bitcoin is leading in asset returns

#BTC shows a growth of +59.75% since the beginning of this year

🪙 In second place is silver with +24.8%

Next are the indices and gold:

#Nasdaq +14.16%
#Gold +12.87%
S&P500 +11.57%

#CryptoNews

#Opinion

🪙 Robert Kiyosaki now expects #Bitcoin to reach $350,000 by the end of August. Previously, his forecast was $125,000 by the end of the year.

The author of financial bestsellers (not our opinion — aggregator sites consider it so) stated that he continues to buy #BTC, #Ethereum, and #Solana because he is fully confident in their further growth.

In addition, Robert called the current President of the United States, Joe Biden, incompetent in the matter of cryptocurrencies and urged adding #gold and #silver to one's investment portfolio.

#WordOfTheDay

#Litecoin — how to spell this word in Morse code?

To be honest, we don't know, and why would you need this — we are not living in a post-apocalyptic world yet where only analog communication works 🤷‍♂️

But we do know an interesting fact about #Litecoin:

The coin was created by former #Google engineer Charlie Lee, and it was launched on October 13, 2011 as an alternative to #Bitcoin.
In a world where digital gold emerged, Lee aimed to create a digital analogue of silver — a lighter and faster version of the first cryptocurrency, which was #BTC.
Litecoin was based on the original Bitcoin code with some modifications. For instance, changes were made to the hashing algorithm, and the block generation speed was increased.
Today, Litecoin continues to develop and is supported by a community of developers, but the coin has lost its position to more promising blockchains.

🔼 Demand for #BTC is eight times higher than the mining rate by miners

The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.

#CryptoNews

⚡️KickEX has received a brokerage license and become a Bitcoin service provider!

We are pleased to announce that KickEX has received a brokerage license from the state of El Salvador, thus significantly expanding the range of features on our platform. As an official #Bitcoin service provider, we can offer you even more valuable services.

Here’s what the license enables:

🪙Storage and management of Bitcoin: secure storage and management of our users' Bitcoin.

📊Exchange and trading services: the ability to trade Bitcoin on our platform.

🔒Digital wallets: providing secure and convenient digital wallets for Bitcoin.

🔗Payment processing: managing payment processes related to digital currencies.

This important achievement opens up great prospects for growth and innovation. Additionally, our team plans to obtain licenses for working with #Ethereum (#ETH), #Tether (#USDT), and other assets. Read more about this on our official blog and stay tuned for further updates!

Sincerely,
The KickEX Team

🪙 #Trump wants all remaining #bitcoin to be mined in the USA

The presidential candidate made this statement after meeting with representatives of the mining industry. Among other things, the convicted felon promised to defend the interests of miners if he wins the election and emphasized the importance of mining for ensuring the stability of the US energy system.

Apparently, Trump's new border wall will be built from ASICs 🤔


#CryptoNews

📉 Yesterday, the U.S. Federal Reserve maintained the base interest rate at its previous level

#Bitcoin reacted with a decline, losing the gains observed since the beginning of the day, and long positions in #BTC were liquidated for more than $10 million.

If you want to learn more about how and why the key interest rate affects digital gold, leave a 🔥 under the post, and we will prepare a special report for you.

#CryptoNews

#Analytics

🪙 Experts believe that #Bitcoin is in its longest consolidation period and predict an explosive growth once it breaks out of this range

In previous cycles, consolidation periods were shorter but still led to all-time highs in the value of #BTC 🚀

🪙 #Bitcoin went down for three main reasons:

🔽 Decrease in stablecoin issuance — less new money is entering the market

📉 Decline in miners' revenue — they are forced to sell more #BTC to cover expenses

💸 Outflow from bitcoin-#ETF — major players have started to exert more influence on the market and are putting pressure on the price

Do you agree with this, and do you see any other reasons for the recent drop in the price of digital gold?

🪙 #Bitcoin Is testing short-term holders

The falling price of #BTC is forcing more panic-prone market participants to sell, which could lead to a price below $60,000 per coin 📉

#CryptoNews

📉 #BTC is falling

Analysts from 10x Research warn that in the near future #Bitcoin may correct down to the $50,000 level

😭 — There’s no takeoff
🔥 — Short sellers will get wiped out, and then we’re going to the moon

🪙 #Analytics #Bitcoin

The 58970 zone is a strong support level for buyers.

📈 Mid-term trade:

Buy #BTC/#USDT in the range of 58000 - 61000.

Targets: Close 80% of the position at 64700 - 66100. Set a stop order at breakeven for the remaining 20%, aiming for a breakout of the ATH at 73946.

this is not a trading recommendation