The Dubai International Financial Centre (DIFC), one of the largest free zones of the Middle East, Africa, and South Asia (MEASA) region, has enacted a new Digital Assets Law, revamping its whole legislative system to include these tools. The law changes previous contracts, insolvency, damages, obligations, securities, and personal property laws, amending them to account […]
Many won't like this because of name on the cover, and because it's about their favorite coin. However, even if you don't agree with the premise set forth on the cover, you only become more aware and more capable in debate by reading it, particularly if with an open mind. Actually reading both “Hijacking Bitcoin”…
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Bitcoin price tested the $65,000 support zone. BTC is now rising and attempting a fresh increase above the $70,000 resistance zone in the near term. Bitcoin price is showing a few positive signs from the $65,000 zone. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $70,000 resistance zone in the near term. Bitcoin Price Holds Support Bitcoin price started a downside correction from the $73,500 zone. There was a steady decline below the $70,000 support zone and the bears pushed the price below $68,000. Finally, the price tested the $65,000 support zone. A low was formed at $64,555 and the price is now attempting a fresh increase. There was a move above the $66,500 resistance zone. The price climbed above the 23.6% Fib retracement level of the downward move from the $73,734 swing high to the $64,555 low. There was also a break above a major bearish trend line with resistance at $67,100 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $70,000 and the 100 hourly Simple moving average. Immediate resistance is near the $69,200 level or the 50% Fib retracement level of the downward move from the $73,734 swing high to the $64,555 low. The next key resistance could be $70,000, above which the price could rise toward the $71,200 resistance zone. Source: BTCUSD on TradingView.com If there is a clear move above the $71,200 resistance zone, the price could even attempt a move above the $72,000 resistance zone. Any more gains might send the price toward the $73,500 level. More Losses In BTC? If Bitcoin fails to rise above the $70,000 resistance zone, it could start another decline. Immediate support on the downside is near the $67,000 level. The first major support is $65,000. The main support sits at $64,500. If there is a close below $64,500, the price could start a drop toward the $63,500 level. Any more losses might send the price toward the $62,000 support zone. 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 above the 50 level. Major Support Levels – $66,500, followed by $65,000. Major Resistance Levels – $69,200, $70,000, and $71,200.
Nothing will happen but worth a try lmao submitted by /u/AD20___ [link] [comments]
submitted by /u/wmredditor [link] [comments]
I'm glad it's going away too. I just can't stand the eye sore of going nowhere coins holding the top spots in market cap. As far back as I can remember. Several years I've always explained how this piece of shit alt will slowly fade. The warnings were there, hidden amidst the relentless shilling akin…
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New to crypto here. I wanna do it right this season…. last season of crypto – 4 years ago… made some extra strange decisions due to my newbisness and blockfi went out of business and earning interest on crypto seemed to be a thing of the past. Looking for a good exchange to exchange crypto…
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Personal finance expert and best-selling author Dave Ramsey says he agrees with Berkshire Hathaway CEO Warren Buffett regarding bitcoin. Viewing the crypto as a currency whose value is based on “thin air,” Ramsey stressed: “I wouldn’t wish bitcoin investments on somebody I really dislike.” Dave Ramsey on Bitcoin: ‘It’s Still Thin Air’ Personal finance guru […]
submitted by /u/egusa [link] [comments]
Serious question about HODLing Bitcoin. Our (spouse+me) current mortgage debt is $1.4M, at 2.6% interest rate – monthly mortgage payment is $6k. I expect to work for 10 more years, at the end of which the mortgage balance will be ~ $1M. While we have retirement savings in 401k/IRA and in after-tax brokerage, I would…
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