Author: dfmines

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Bitcoin is forming a double bottom pattern near the $45,500 zone against the US Dollar. BTC is rising and there could be an upside break above $47,200. Bitcoin started an upside correction from the $45,500 support zone. The price is now trading near $47,000 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $47,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major increase if there is a clear move above the $47,000 resistance. Bitcoin Price Forms Double Bottom Bitcoin price declined again below the $46,500 level. BTC traded below the $46,000 level, but the bulls remained active near the $45,500 support zone. A low was formed near $45,600 and the price is now recovering higher. It seems like the price is forming a double bottom pattern near the $45,500 zone. There was a move above the 23.6% Fib retracement level of the downward move from the $48,289 swing high to $45,600 low. Bitcoin price is now trading near $47,000 and the 100 hourly simple moving average. It is facing resistance near the $47,000 zone. There is also a major bearish trend line forming with resistance near $47,000 on the hourly chart of the BTC/USD pair. The trend line is near the 50% Fib retracement level of the downward move from the $48,289 swing high to $45,600 low. A clear move above the trend line could stage a strong move above $47,200. Source: BTCUSD on TradingView.com The next key resistance could be $48,000, above which the price might rise towards the $48,500 resistance. If the stated double bottom pattern is valid, the price may possibly rise towards the $50,000 resistance zone. Dips Limited In BTC? If bitcoin fails to clear the $47,000 resistance zone, it could start a fresh decline. An immediate support on the downside is near the $46,500 level. The first major support is near $46,200. A downside break below the $46,200 level could push the price towards the $45,500 support, where the bulls might remain active in the near term. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level. Major Support Levels – $46,200, followed by $45,500. Major Resistance Levels – $47,000, $48,000 and $50,000.

FTX continues its path toward the sports world as it signed a partnership with Monumental Sports Entertainment (MSE) on Monday. The deal makes it so FTX US will be MSE’s exclusive crypto exchange and non-fungible token partner. FTX and Monumental Sports Entertainment to Collaborate Monumental Sports Entertainment (MSE) announced on December 20, that the organization […]

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I have collected all information about ETH and ETH2.0 to https://piggyman007.blogspot.com/2021/02/ethereum-20-complete-guide.html ​ May be useful for all ETH hodlers or traders. submitted by /u/DishEcstatic9710 [link] [comments]

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ICP and Chia network entered the market rather strongly and I think both were part of the top 100 at some point. (I think ICP is still at around 39 at the point of writing) It’s sad to see over 90% of the market cap being wiped out over the course of the year. For…
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