In the case that a crypto currency (whether ETH, ADA, ALGO, DAI, etc.) were to gain a huge user base, say in the case that it becomes the primary currency in some country with however million people using it for everyday transactions, is there any possibility that the blockchain that it is hosted on will…
Read more
Tether’s general counsel said a full audit is coming in months.
Bitcoin price started a strong upward move from the $29,250 support zone against the US Dollar. BTC must settle above $32,000 and $32,500 for more upsides in the near term. Bitcoin started a strong increase above the $30,000 and $31,000 resistance levels. The price is now trading well above $31,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains, but the bulls are likely to remain active near $31,200. Bitcoin Price Surges above $32,000 Bitcoin price found a strong buying interest below the $30,000 level. BTC formed a support base near the $29,300 and it started a major recovery wave. The price surged above the $30,000 and $30,500 resistance levels. There was a clear break above the 61.8% Fib retracement level of the recent downward move from the $31,900 swing high to $29,312 low. There was also a break above a major bearish trend line with resistance near $31,250 on the hourly chart of the BTC/USD pair. The pair jumped above the $31,500 level and the 100 hourly simple moving average. Finally, there was a break above the $32,000 resistance zone. It tested the $32,500 resistance zone. It seems like the bears were active near the 1.236 Fib extension level of the recent downward move from the $31,900 swing high to $29,312 low. Bitcoin price is now consolidating above the $31,500 level. Source: BTCUSD on TradingView.com The first major resistance is near the $32,500 level. If there is a close above the $32,500 resistance zone, the price is likely to accelerate higher. In the stated case, the price is likely to move towards the $33,500 level in the near term. Dip Supported in BTC? If bitcoin fails to climb above the $32,300 and $32,500 resistance levels, it could start a downside correction. An initial support on the downside is near the $31,500 level. The first major support is now near the $31,200 zone. A clear downside break below the $31,200 support may possibly put a lot of pressure on the bulls. The next key support is seen near the $30,500 level. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well above the 50 level. Major Support Levels – $31,500, followed by $31,200. Major Resistance Levels – $32,200, $32,500 and $33,000.
As second layer scaling matures for Ethereum, Vitalik Buterin urges the community to grow beyond the confines of DeFi.
submitted by /u/skdesign808 [link] [comments]
For whoever needs to hear this: I am proud of you. I am proud of you for making the conscious effort to invest in a better life for your future self. I am proud of you for educating yourselves on Crypto and the technology behind it and being part of the revolution that will change…
Read more
submitted by /u/sillychillly [link] [comments]
Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability.
My personal opinion, and this is not financial advice, is that it just tested a double bottom. I can’t fathom, that with all the institutional interest, that it’s going to go down to $20-$25K. What is your opinion? (please do not give financial advice) submitted by /u/8512764EA [link] [comments]
submitted by /u/ograptor1776 [link] [comments]
