submitted by /u/No_Excitement_1082 [link] [comments]
Bitcoin failed to clear the $25,000 resistance zone against the US Dollar. BTC is declining and might break the $23,250 support zone. Bitcoin attempted a clear move towards the $25,000 resistance but failed. The price is now trading below the $24,000 level and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $23,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $24,200 resistance to continue higher in the near term. Bitcoin Price Signals Breakdown Bitcoin price gained pace above the $23,500 resistance zone. There was a clear move above the $24,000 level and the price even broke the $24,500 level. It attempted a clear move towards the $25,000 resistance but failed. A high was formed near $24,670 and the price started a fresh decline. There was a move below the $24,200 and $24,000 support levels to move into a short-term bearish zone. Bitcoin declined below the 23.6% Fib retracement level of the upward move from the $20,696 swing low to $24,670 high. Besides, there was a break below a key bullish trend line with support near $23,750 on the hourly chart of the BTC/USD pair. The price is now trading below the $24,000 level and the 100 hourly simple moving average. The bulls are now protecting more losses below the $23,250 level. On the upside, the price is facing resistance near the $23,750 level and the 100 hourly simple moving average. The next key resistance is near the $24,200 zone. It also seems like there is a double top pattern forming with resistance near the $24,200 level. Source: BTCUSD on TradingView.com A close above the $24,200 resistance zone could set the pace for a fresh increase. In the stated case, the price may perhaps rise towards the $24,750 level. The next major resistance sits near the $25,000 level. More Losses in BTC? If bitcoin fails to clear the $24,200 resistance zone, it could start a downside correction. An immediate support on the downside is near the $23,240 level. The next major support now sits near the $22,750 level. It is near the 50% Fib retracement level of the upward move from the $20,696 swing low to $24,670 high. Any more losses might send the price towards $22,000 level. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $23,240, followed by $22,800. Major Resistance Levels – $23,750, $24,000 and $24,200.
The customized pendants are set to cost 30 ETH a pop and will go on sale on August 5.
submitted by /u/Ok_Proposal_4337 [link] [comments]
This, in my mind, is the ideal future for humanity and it’s adoption of crypto. If the government had a transparent proof-of-stake mining system running, they could use the transaction fees as a “tax” to fund all government services. They could even stake a certain amount of coin in different branches of the government, which…
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Hi there! I just created a github gist for handling Metamask connection in react applications, the idea is to create a simple API for connecting ethereum accounts in react using a simple hook, which is the standard and at the same time trying to cover the most common scenarios. Please let me some feedback in…
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Charles Schwab’s $655 billion asset management arm is launching its first crypto-related exchange-traded fund (ETF). The new fund is expected to start trading this week on the NYSE Arca exchange. Charles Schwab Launches Its First Crypto-Related ETF Schwab Asset Management, a subsidiary of The Charles Schwab Corp., announced last week the launch of the Schwab […]
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether.”
Quik.com is offering minting of NFT domains, which will allow users to host their decentralized web pages and even change their digital wallet’s heavy addresses, while the evolving virtual universe, the decentralized web3, and its related technologies are still in the early stages of adaptation. Users will have the opportunity to obtain their lucky number […]
submitted by /u/totallynotbeyonce [link] [comments]
