๐ฆ While Central Bank Digital Currencies evolve, decentralized cryptocurrencies like Bitcoin still lead market enthusiasm after government stimulus news. #CBDC#Bitcoin#CryptoRevolution ๐
This is a WEEKLY rising wedge for Bitcoin
It is perfectly rational to accept we have a reasonable probability of filling the CME gap at $92k
It is perfectly rational to take into account we could retest previous cycle ATHs
Iโm the biggest bitcoin bull (long term) but I refuse to sit here and play โride the bullโ.
There is NO NEW LIQUIDITY COMING INTO CRYPTO! Itโs being circled from me to you to you to me like the chuckle brothers!
WAKE UP! DELUSIONAL BULLS.
- Wynn
$ETH failed to reclaim the $3,700 level and is now going down.
There's some strong support for Ethereum around $3,400 which could get retested.
In case ETH is able to reclaim the $3,700 level, it'll tap the $4,000-$4,100 liquidity zone.
๐น Forecasts alternate between $6K conservative targets and $15K+ bullish highs, depending on adoption speed and market conditions. ๐๐
#Community#Ethereum
โ ๏ธ BITCOIN DEATH CROSS INCOMING
Death crosses occur when the 50 DMA crosses below 200
But it's not as bad as it sounds
Each BTC death cross this cycle has signaled a market low followed by a recovery rally
Another indicator to watch as Bitcoin attempts to form a local low ๐
BTC/Gold has lost its multi-year uptrend.
This has happened before too, and that's why monthly close will be very important.
If BTC/Gold reclaims this zone, we could see some outperformance.
Otherwise, $BTC will bleed more against Gold.
โ ๏ธ Not all drops are equal: โTokenFarmXโ is rumored but unconfirmed. Approach with caution, verify eligibility and never trust unverifiable contracts. #TokenFarmX#CryptoSafety#AirdropWatch#DYOR
$ETH is still hovering around the $3,400 level.
Tomorrow's market open will be very important as talks to end the US government shutdown are ongoing.
If Ethereum is able to reclaim the $3,600 level, expect some bullish momentum.
Otherwise, ETH will visit new lows.