#flash btcusdt

[denlagh]

USDT flash

 In the rapidly changing landscape of digital assets, innovative solutions are emerging to enhance the way we transact. One such solution is Flash USDT, a unique digital currency that offers a safe and effective method for trading in the digital asset market. This blog will explore what Flash USDT is, its features, and how you can purchase it securely. Reach out to them through the following contacts;

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

Understanding Flash USDT

Flash USDT is a temporary digital asset that allows users to transact with ease and security. For an investment of just $200, you can purchase $2000 worth of Flash USDT, with a minimum order of $2000. This makes it an attractive option for traders looking to maximize their investment potential. For those interested in larger transactions, the platform accommodates orders up to $10,000,000 for $1,000,000 worth of Flash USDT.

Key Features of Flash USDT

Temporary Existence: One of the most notable features of Flash USDT is that it disappears from any wallet after 60–240 days from the date it was received. This means that any crypto it has been converted to will also vanish after this period, ensuring a unique transactional experience.

Limited Transfers: Flash USDT can only be transferred a maximum of 35 times. This limitation adds an extra layer of security and control over the currency, making it a practical choice for cautious traders.

Conversion Flexibility: Flash USDT can be converted into any other type of cryptocurrency on an exchange. However, if it is restored, that coin will also disappear after 10 days, maintaining the temporary nature of the transaction.

Why Choose Flash USDT?

The flash usdt currency offers a practical and economical option for traders wishing to transact in large quantities. With a commitment to flawless transactions and the highest caliber of security, our platform ensures that your valuables are safeguarded throughout the process.

If you’re looking to engage in flash usdt purchase with Binance or explore other trading options, you can do so with confidence. The usdt flashing software and usdt flasher tools available make the process seamless and efficient.

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

How to Purchase Flash USDT

Ready to dive into the world of Flash USDT? You can easily purchase Flash USDT from Digital Vault. They provide a secure platform for your transactions and are dedicated to ensuring a smooth experience. Reach out to them through the following contact details:

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

By choosing Digital Vault, you can ensure that you are engaging with a reputable source for your flash usdt currency needs.

Conclusion

In conclusion, Flash USDT represents a groundbreaking approach to digital asset transactions, offering unique features that cater to the needs of modern traders. With its temporary nature and secure transaction process, it stands out as a viable option in the digital currency market. If you’re ready to explore the potential of Flash USDT, consider reaching out to Digital Vault for your purchase.

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

[ailtrahq]

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has faced a setback in its recent gains after failing to consolidate above the $27,000 level. With no positive macro news to drive BTC beyond upper resistance lines, industry experts are looking for a chart analysis that suggests BTC may be on the verge of a significant move toward $20,000.  This potential lower price point could serve as a new higher low in Bitcoin’s 1-week chart, reminiscent of its trajectory in 2019 before the halving event. Bitcoin Chart Flashing Red Crypto analyst Rekt Capital recently shared a chart on X (formerly Twitter) outlining Bitcoin’s potential downward trajectory. According to Rekt Capital’s analysis, Bitcoin may revisit the $20,000 mark, establishing a new higher low on its 1-week chart, mirroring the price movement observed in 2019 before the halving event. BTC’s current path resembles 2019’s higher low reached pre-halving. Source: Rekt Capital on X. Rekt Capital highlights the significance of a revisit to the Macro Higher Low in the current cycle, which could occur in early 2024, coinciding with the halving year. In the four-year cycle, this would signify that the downside wick of Candle 4 would form a Macro Higher Low relative to Candle 3, as seen in another chart shared by Rekt below.  BTC’s 4-year cycle could form a higher low on its 12M chart. Source: Rekt Capital on X. While some argue that another drop into the Macro Higher Low is unlikely due to the COVID-19 crash in March 2020 as a black swan event, Rekt Capital emphasizes that the magnitude of a potential upcoming drop may differ considerably.  The COVID-19 crash resulted in a 72% drop from the 2019 local top to the March 2020 higher low. However, if the 2023 local top were around $31,000, it would only require a 37% drop to revisit the higher low.  While a repeat of the -72% crash is unlikely, Rekt Capital suggests that Bitcoin could retrace -37% without needing another black swan event. With Bitcoin being 210 days away from halving in April 2024, Rekt Capital parallels the 2019 cycle, during which BTC experienced a relief rally before forming another lower high.  All around, Bitcoin appears to be experiencing a similar relief rally. Rekt Capital suggests that Bitcoin may not need a drastic crash or another black swan event over the following months to reach its Macro Higher Low in this cycle but rather a retracement of approximately 27% from current prices. BTC’s retrace to $26,000 levels on the 1-week chart. Source: BTCUSDT on TradingView.com Currently, the largest cryptocurrency in the market is trading at $26,600. Despite experiencing a retracement below the $27,000 level, Bitcoin has achieved a slight profit of 0.7% within the 24-hour.  As highlighted by Rekt Capital, it remains uncertain whether Bitcoin will follow the path observed in 2019. However, what is evident is that the BTC market is exhibiting signs of stagnation, with a potential price breakout looming on either side.  Featured image from iStock, chart from TradingView.com  Source

[socialtrading]

BTCUSDT, A Bearish Flash! Read More

[denlagh]

What is flash USDT currency

In the rapidly changing landscape of digital assets, innovative solutions are emerging to enhance the way we transact. One such solution is Flash USDT, a unique digital currency that offers a safe and effective method for trading in the digital asset market. This blog will explore what Flash USDT is, its features, and how you can purchase it securely. Reach out to them through the following contacts; Telegram: Digital Vault (https://t.me/Digitalva0lt) WhatsApp: https://wa.me/+12568235121 Understanding Flash USDT Flash USDT is a temporary digital asset that allows users to transact with ease and security. For an investment of just $200, you can purchase $2000 worth of Flash USDT, with a minimum order of $2000. This makes it an attractive option for traders looking to maximize their investment potential. For those interested in larger transactions, the platform accommodates orders up to $10,000,000 for $1,000,000 worth of Flash USDT. Key Features of Flash USDT Temporary Existence: One of the most notable features of Flash USDT is that it disappears from any wallet after 60–240 days from the date it was received. This means that any crypto it has been converted to will also vanish after this period, ensuring a unique transactional experience. Limited Transfers: Flash USDT can only be transferred a maximum of 35 times. This limitation adds an extra layer of security and control over the currency, making it a practical choice for cautious traders. Conversion Flexibility: Flash USDT can be converted into any other type of cryptocurrency on an exchange. However, if it is restored, that coin will also disappear after 10 days, maintaining the temporary nature of the transaction. Why Choose Flash USDT? The flash usdt currency offers a practical and economical option for traders wishing to transact in large quantities. With a commitment to flawless transactions and the highest caliber of security, our platform ensures that your valuables are safeguarded throughout the process. If you’re looking to engage in flash usdt purchase with Binance or explore other trading options, you can do so with confidence. The usdt flashing software and usdt flasher tools available make the process seamless and efficient. Telegram: Digital Vault (https://t.me/Digitalva0lt) WhatsApp: https://wa.me/+12568235121 How to Purchase Flash USDT Ready to dive into the world of Flash USDT? You can easily purchase Flash USDT from Digital Vault. They provide a secure platform for your transactions and are dedicated to ensuring a smooth experience. Reach out to them through the following contact details: Telegram: Digital Vault (https://t.me/Digitalva0lt) WhatsApp: https://wa.me/+12568235121 By choosing Digital Vault, you can ensure that you are engaging with a reputable source for your flash usdt currency needs. Conclusion In conclusion, Flash USDT represents a groundbreaking approach to digital asset transactions, offering unique features that cater to the needs of modern traders. With its temporary nature and secure transaction process, it stands out as a viable option in the digital currency market. If you’re ready to explore the potential of Flash USDT, consider reaching out to Digital Vault for your purchase. Telegram: Digital Vault (https://t.me/Digitalva0lt) WhatsApp: https://w.me/+12568235121

[denlagh]

Flash USDT sender

In the rapidly changing landscape of digital assets, innovative solutions are emerging to enhance the way we transact. One such solution is Flash USDT, a unique digital currency that offers a safe and effective method for trading in the digital asset market. This blog will explore what Flash USDT is, its features, and how you can purchase it securely. Reach out to them through the following contacts;

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

Understanding Flash USDT

Flash USDT is a temporary digital asset that allows users to transact with ease and security. For an investment of just $200, you can purchase $2000 worth of Flash USDT, with a minimum order of $2000. This makes it an attractive option for traders looking to maximize their investment potential. For those interested in larger transactions, the platform accommodates orders up to $10,000,000 for $1,000,000 worth of Flash USDT.

Key Features of Flash USDT

Temporary Existence: One of the most notable features of Flash USDT is that it disappears from any wallet after 60–240 days from the date it was received. This means that any crypto it has been converted to will also vanish after this period, ensuring a unique transactional experience.

Limited Transfers: Flash USDT can only be transferred a maximum of 35 times. This limitation adds an extra layer of security and control over the currency, making it a practical choice for cautious traders.

Conversion Flexibility: Flash USDT can be converted into any other type of cryptocurrency on an exchange. However, if it is restored, that coin will also disappear after 10 days, maintaining the temporary nature of the transaction.

Why Choose Flash USDT?

The flash usdt currency offers a practical and economical option for traders wishing to transact in large quantities. With a commitment to flawless transactions and the highest caliber of security, our platform ensures that your valuables are safeguarded throughout the process.

If you’re looking to engage in flash usdt purchase with Binance or explore other trading options, you can do so with confidence. The usdt flashing software and usdt flasher tools available make the process seamless and efficient.

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

How to Purchase Flash USDT

Ready to dive into the world of Flash USDT? You can easily purchase Flash USDT from Digital Vault. They provide a secure platform for your transactions and are dedicated to ensuring a smooth experience. Reach out to them through the following contact details:

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

By choosing Digital Vault, you can ensure that you are engaging with a reputable source for your flash usdt currency needs.

Conclusion

In conclusion, Flash USDT represents a groundbreaking approach to digital asset transactions, offering unique features that cater to the needs of modern traders. With its temporary nature and secure transaction process, it stands out as a viable option in the digital currency market. If you’re ready to explore the potential of Flash USDT, consider reaching out to Digital Vault for your purchase.

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

[denlagh]

Flash usdt software

In the rapidly changing landscape of digital assets, innovative solutions are emerging to enhance the way we transact. One such solution is Flash USDT, a unique digital currency that offers a safe and effective method for trading in the digital asset market. This blog will explore what Flash USDT is, its features, and how you can purchase it securely. Reach out to them through the following contacts;

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

Understanding Flash USDT

Flash USDT is a temporary digital asset that allows users to transact with ease and security. For an investment of just $200, you can purchase $2000 worth of Flash USDT, with a minimum order of $2000. This makes it an attractive option for traders looking to maximize their investment potential. For those interested in larger transactions, the platform accommodates orders up to $10,000,000 for $1,000,000 worth of Flash USDT.

Key Features of Flash USDT

Temporary Existence: One of the most notable features of Flash USDT is that it disappears from any wallet after 60–240 days from the date it was received. This means that any crypto it has been converted to will also vanish after this period, ensuring a unique transactional experience.

Limited Transfers: Flash USDT can only be transferred a maximum of 35 times. This limitation adds an extra layer of security and control over the currency, making it a practical choice for cautious traders.

Conversion Flexibility: Flash USDT can be converted into any other type of cryptocurrency on an exchange. However, if it is restored, that coin will also disappear after 10 days, maintaining the temporary nature of the transaction.

Why Choose Flash USDT?

The flash usdt currency offers a practical and economical option for traders wishing to transact in large quantities. With a commitment to flawless transactions and the highest caliber of security, our platform ensures that your valuables are safeguarded throughout the process.

If you’re looking to engage in flash usdt purchase with Binance or explore other trading options, you can do so with confidence. The usdt flashing software and usdt flasher tools available make the process seamless and efficient.

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

How to Purchase Flash USDT

Ready to dive into the world of Flash USDT? You can easily purchase Flash USDT from Digital Vault. They provide a secure platform for your transactions and are dedicated to ensuring a smooth experience. Reach out to them through the following contact details:

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

By choosing Digital Vault, you can ensure that you are engaging with a reputable source for your flash usdt currency needs.

Conclusion

In conclusion, Flash USDT represents a groundbreaking approach to digital asset transactions, offering unique features that cater to the needs of modern traders. With its temporary nature and secure transaction process, it stands out as a viable option in the digital currency market. If you’re ready to explore the potential of Flash USDT, consider reaching out to Digital Vault for your purchase.

Telegram: Digital Vault (Digitalva0lt)

WhatsApp: +12568235121

[ailtrahq]

In a recent disclosure, a former employee of Alameda Research, a trading firm led by Sam Bankman-Fried, has unveiled crucial information regarding the dramatic 87% plummet in Bitcoin (BTC) value during 2021.  The incident, which occurred on October 21, 2021, witnessed BTC’s price on Binance.US nosedive from approximately $65,760 to $8,200 within a short period. Insider Details Of Bitcoin Plunge And Alleged Manual Trading Error The ex-employee, Baradwaj, alleged that the trading firm was directly responsible for the sudden price drop, attributing it to a “manual trading error” rather than solely relying on algorithmic trading.  Baradwaj claimed that a trader at Alameda Research inadvertently entered an incorrect decimal while attempting to sell a block of BTC in response to breaking news.  Consequently, the trade was executed at an extraordinarily low price, resulting in a drastic crash. Highlighting Alameda’s trading operations, Baradwaj revealed that the firm primarily employed semi-systematic strategies, where traders fine-tuned algorithms to execute trades automatically at high frequencies.  However, manual trades were occasionally employed in instances of system bugs or arbitrage opportunities on platforms where automated trading had not been implemented. Unlike automated trading, which adhered to sanity checks and market prices, manual trades were discretionary and prone to human error. Unfortunately, an Alameda trader’s mistake triggered a chain reaction on that fateful day in October.  The erroneous trade caused Bitcoin’s price to plummet from its peak of $65,000 to as low as $8,000 on certain platforms before swiftly recovering through the actions of arbitrageurs. The incident created a stir on social media, with traders and news outlets scrambling to understand the sudden price movement. Binance.US, the platform at the center of the flash crash, issued a statement attributing the event to a bug in the trading algorithm of one of their institutional traders. Baradwaj further states that the losses incurred by Alameda Research were substantial, amounting to tens of millions. Still, due to the genuine nature of the mistake, the firm took immediate action to enhance sanity checks for manual trades.  This incident exposed a vulnerability in Alameda’s risk management practices, prompting implementing “robust measures” to prevent similar occurrences in the future. The former employee shed light on the working culture at Alameda, characterized by a philosophy of moving fast to capitalize on opportunities, even if it occasionally resulted in unforeseen costs or vulnerabilities.  This approach, championed by Sam Bankman-Fried, shaped the culture at Alameda Research and the now-bankrupt crypto exchange FTX. For nearly two years, the BTC flash crash incident remained a puzzle to the public, leaving many wondering about the cause behind such a significant price drop. With the revelations made by Baradwaj, the veil has been lifted, providing valuable insights into the events that unfolded behind the scenes. BTC’s drop on the daily chart over the past 24 hours. Source: BTCUSDT on TradingView.com As of this writing, the largest cryptocurrency in the market, BTC, trades at $26,600, down by over 2.1% in the 24-hour time frame.  Featured image from iStock, chart from TradingView.com  Source

[brettzjacksonblog]

Short Calls Fail to Shake Bitcoin Miners Who Push Difficulty to New All-Time High

Currently, Bitcoin traders are overall net long. But talk of a second wave has memories of March’s flash crash fresh on the mind.

Source: blockchainwhispers.com

The European Centre for Disease Prevention and Control has issued a stark notice over the rise in infection rates. As a result, throughout Europe, authorities are taking into consideration the possibility of a second lockdown.

With that, some analysts and industry observers are warning that a sudden market crash could be on the cards in the near term.

Rich Dad, Poor Dad author, Robert Kiyosaki, believes a market crash is imminent. In a recent tweet, he drew attention to the underlying problem of crippling US debt.

Despite his pessimism, he still maintains the view that long term, the anti-fiats will come out on top.

What happens when vaccine is proven? Gold silver Bitcoin will CRASH. Buying opportunity. Real problem NOT Pandemic. Real problem massive US debt. US Bankrupt. $28 T balance sheet debt. $120 T off balance sheet social obligations. Gold silver Bitcoin best investments long term.

— therealkiyosaki (@theRealKiyosaki) September 15, 2020

This is a view shared by Bitcoin miners. Despite the uncertain macro picture, it has never been as difficult, as it is now, to mine Bitcoin.

The latest data shows Bitcoin mining difficulty reached a new all-time high yesterday. This represents a 47% increase since the start of the year.

Source: twitter.com

As such, in spite of Bitcoin’s failure to close above $11k, miners appear unfazed by either near term price action or talk of a second wave.

Bitcoin daily chart with volume. (Source: BTCUSDT on tradingview.com)

Bitcoin Mining Difficulty Increase Suggests Bullish Sentiment

Although May’s halving seems like a long time ago, the immediate effect of it saw mining difficulty drop as scores of miners were unable to sustain profitable operations.

Cutting rewards in half was enough to drive small miners, with inefficient equipment and/or high costs, out of the mining game.

Some believed the mining exodus would trigger a death spiral for the price of Bitcoin. At the time, Zach Resnick, Partner at VC firm Unbound Capital, painted a picture of woe from the drop off in mining difficulty. He summarized it as follows:

“As the halving cuts the block reward, a large number of miners will leave the network. As the network hash rate drops, the block time increases, the network becomes congested. This, in turn, makes Bitcoin less attractive, as participants do not want to wait forever to have their transactions processed. This leads to the Bitcoin price falling, which pushes more miners off the grid. This process repeats itself until the network dies.”

With yesterday’s jump in mining difficulty, more miners than ever before are working to secure the Bitcoin network. This decisively puts paid to any notion of a mining death spiral as a result of the halving.

What’s more, historical data shows there is a degree of positive correlation between Bitcoin mining difficulty/hash rate and the BTC price.

However, regardless of miner’s optimism, the bigger picture cannot be ignored entirely. As such, the longs should proceed with caution.

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[joshuajacksonlyblog]

Despite Pushing to $11,000, Here’s Why Bitcoin Could Soon Reverse

Bitcoin has been pressing higher despite weakness in the altcoin market. Seemingly rallying off strength in legacy markets, the leading cryptocurrency on Wednesday morning shot to a price just shy of $11,000.

As of this article’s writing, BTC trades for $10,970, far above the price points it was trading at just days ago.

While this price action is undoubtedly positive, there are some technical and on-chain signals suggesting a bearish reversal is nigh.

Related Reading: This European Crypto Exchange Was Just Hacked for $5 Million

Bitcoin Could Reverse as Key On-Chain Signal Flashes

Blockchain analytics firm Santiment posted the tweet seen below on September 16th. It shows that according to its data, there has been a “significant spike in idle BTC” changing hands, suggesting a long-term holder or “whale” is looking to use his coins.

While it is unclear what the user(s) plan to do with their coins, such on-chain shifts purportedly signal trend changes:

“With this latest $BTC token age consumed spike, the largest in nearly 5 months (since Apr 29th), we are at a very important moment with #Bitcoin on the cusp of breaking $11k again. This metric typically indicates an imminent price direction shift.”

With this latest $BTC token age consumed spike, the largest in nearly 5 months (since Apr 29th), we are at a very important moment with #Bitcoin on the cusp of breaking $11k again. This metric typically indicates an imminent price direction shift. https://t.co/lM9mVfRRrY https://t.co/burSeSLObF

— Santiment (@santimentfeed) September 16, 2020

Bitcoin reversing from current levels would mark a bearish reversal of the ongoing rally, not a continuation to the upside.

The sentiment put forth by Santiment is similar to that mentioned by a number of technical analysts.

As reported by NewsBTC previously, analysts think that the ongoing BTC rally could end at $11,000-11,200. One trader cited the chart below, which shows that the region fits with his Fibonacci Retracement analysis; another pointed to the fact that BTC firmly bounced off $11,000-11,200 multiple times in August, suggesting it’s an important level to watch.

Chart of BTC's price action over the past few months from trader NebraskanGooner. Chart from TradingView.com

Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000

Long-Term On-Chain Trends Are Still Abundantly Positive

Short-term on-chain trends may signal caution for cryptocurrency traders. Investors, though, should not be as worried as long-term on-chain trends remain abundantly positive, suggesting a steady bull run is likely in the years ahead.

Blockchain data analytics firm CryptoQuant shared the table below on September 16th.

It shows that a swath of leading on-chain indicators — from metrics of miner health to exchange flows and stablecoins — signal it’s time to buy Bitcoin. Some indicators, such as ones focused on stablecoins, signal a “Strong Buy” for BTC, CryptoQuant indicates.

Long-term $BTC on-chain indicators look healthyhttps://t.co/VnrIVP3lDF pic.twitter.com/cfE73acVXh

— CryptoQuant (@cryptoquant_com) September 16, 2020

Related Reading: It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why

Featured image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Despite Pushing to $11,000, Here's Why Bitcoin Could Soon Reverse

from Cryptocracken Tumblr https://ift.tt/3iRpPzL via IFTTT

[michaelbennettcrypto]

Despite Pushing to $11,000, Here’s Why Bitcoin Could Soon Reverse

Bitcoin has been pressing higher despite weakness in the altcoin market. Seemingly rallying off strength in legacy markets, the leading cryptocurrency on Wednesday morning shot to a price just shy of $11,000.

As of this article’s writing, BTC trades for $10,970, far above the price points it was trading at just days ago.

While this price action is undoubtedly positive, there are some technical and on-chain signals suggesting a bearish reversal is nigh.

Related Reading: This European Crypto Exchange Was Just Hacked for $5 Million

Bitcoin Could Reverse as Key On-Chain Signal Flashes

Blockchain analytics firm Santiment posted the tweet seen below on September 16th. It shows that according to its data, there has been a “significant spike in idle BTC” changing hands, suggesting a long-term holder or “whale” is looking to use his coins.

While it is unclear what the user(s) plan to do with their coins, such on-chain shifts purportedly signal trend changes:

“With this latest $BTC token age consumed spike, the largest in nearly 5 months (since Apr 29th), we are at a very important moment with #Bitcoin on the cusp of breaking $11k again. This metric typically indicates an imminent price direction shift.”

With this latest $BTC token age consumed spike, the largest in nearly 5 months (since Apr 29th), we are at a very important moment with #Bitcoin on the cusp of breaking $11k again. This metric typically indicates an imminent price direction shift. https://t.co/lM9mVfRRrY https://t.co/burSeSLObF

— Santiment (@santimentfeed) September 16, 2020

Bitcoin reversing from current levels would mark a bearish reversal of the ongoing rally, not a continuation to the upside.

The sentiment put forth by Santiment is similar to that mentioned by a number of technical analysts.

As reported by NewsBTC previously, analysts think that the ongoing BTC rally could end at $11,000-11,200. One trader cited the chart below, which shows that the region fits with his Fibonacci Retracement analysis; another pointed to the fact that BTC firmly bounced off $11,000-11,200 multiple times in August, suggesting it’s an important level to watch.

Chart of BTC's price action over the past few months from trader NebraskanGooner. Chart from TradingView.com

Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000

Long-Term On-Chain Trends Are Still Abundantly Positive

Short-term on-chain trends may signal caution for cryptocurrency traders. Investors, though, should not be as worried as long-term on-chain trends remain abundantly positive, suggesting a steady bull run is likely in the years ahead.

Blockchain data analytics firm CryptoQuant shared the table below on September 16th.

It shows that a swath of leading on-chain indicators — from metrics of miner health to exchange flows and stablecoins — signal it’s time to buy Bitcoin. Some indicators, such as ones focused on stablecoins, signal a “Strong Buy” for BTC, CryptoQuant indicates.

Long-term $BTC on-chain indicators look healthyhttps://t.co/VnrIVP3lDF pic.twitter.com/cfE73acVXh

— CryptoQuant (@cryptoquant_com) September 16, 2020

Related Reading: It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why

Featured image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Despite Pushing to $11,000, Here's Why Bitcoin Could Soon Reverse

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[joshuajacksonlyblog]

Bitcoin Breaks Above $10,500 as Bullish Recovery Continues: What Comes Next?

Bitcoin has been bouncing between $10,000 and $10,500 over the past few days.

Both buyers and sellers have been trying to assert dominance, resulting in multiple tests of both range boundaries.

BTC finally broke above $10,500 just minutes ago.

The leading cryptocurrency has had quite the history with $10,500.

Bitcoin was rejected multiple times by that level over the past 12 months.

Analysts are optimistic, but it is worth noting that this is a weekend rally.

Weekend rallies often retrace due to the CME futures narrative.

Bitcoin Breaks Above $10,500

Bitcoin is starting to wake up after consolidating in a $500 range for the past five days. The leading cryptocurrency just minutes ago crossed above $10,500 for the first time in many days in a $100 candle that came on the back of liquidations.

According to Skew.com, a crypto derivatives tracker, around $6 million was liquidated during Bitcoin’s move higher. This was only for BitMEX’s BTC market, meaning millions more were likely liquidated.

Other markets, like those for Ethereum and other altcoins, also likely saw millions in liquidations as they moved higher.

Chart of BTC's price action over the past few days from TradingView.com

What’s Next for BTC?

Analysts are optimistic about what comes next for Bitcoin.

One crypto trader shared the chart below, which shows the recent price action over the past few weeks. The trader’s proprietary indicator just formed a buy signal on the daily candle; this signal was last seen at the end of July, in the low-$9,000s.

The indicator also formed a sell signal just two days prior to the flash dump from the $12,000 highs to $10,000.

Chart of BTC's price action over the past few weeks with analysis by Stackin' Bits (@StackinBits on Twitter). Chart from TradingView.com

The chart also indicates that Bitcoin has cleanly bounced off a monthly trend level, which is bullish. It also shows that BTC is running up against a weekly trend, though, suggesting that bulls still have some work to do.

Another trader that predicted the ongoing retracement also suggested that there is little reason to short Bitcoin from here. He suggested that the coin could move “closer to $11,000,” which is where the next notable level of resistance lies.

Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Bitcoin Breaks Above $10,500 as Bullish Recovery Continues: What Comes Next?

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[joshuajacksonlyblog]

Here’s Why An Analyst Is Eyeing a Bitcoin Drop Toward $9,750

Bitcoin sustained a strong drop on Thursday after peaking at $12,000 earlier this week.

The leading cryptocurrency now trades for $10,300, having collapsed around 15% from the local highs.

BTC closed its daily candle below pivotal support levels, a technical signal that does not bode well for bulls.

While $10,000 has held for the time being, analysts think that at least one leg lower is likely.

This final leg lower will take Bitcoin to at least $9,750, a number of traders have suggested.

Bitcoin Could Drop Towards $9,750: Here’s Why

Bitcoin underwent a decisive bounce at $10,000 after temporarily tapping and sliding below this level on Thursday evening and Friday morning. The leading cryptocurrency, as aforementioned, now trades $10,300 due to that bounce.

According to one trader, the cryptocurrency is primed to see another leg lower towards the $9,755 range. This would mark another approximately 5% drop from current levels.

The reason why such emphasis has placed on this price region is for a number of reasons. The trader who shared this sentiment that $9,755 lines up with a strong confluence of technical and horizontal support levels. These levels are as follows:

Bitcoin’s 200-day simple moving average. This moving average is often seen by analysts as a level an asset must hold to maintain a bullish bias.

The target of a textbook head and shoulders formation.

A CME BTC futures gap. Futures gaps have filled over 95% of the time thus far.

The “Golden Pocket,” the 61.8% Fibonacci retracement of the rally.

A Livermore Accumulation Cylinder low.

This confluence of support levels suggests that Bitcoin, at least to maintain its bull trend, will bottom and bounce in this price region.

Chart of BTC's price action over the past few months with an analysis by crypto trader Coiner Yadox (Yodaskk on Twitter). Chart from TradingView.com

Mohit Sorout, a founding partner of Bitazu Capital, has echoed the expectation of a move towards the $9,700 region. Sorout postulated that it may actually move even lower than that level.

He published this chart during the drop, noting that his target for the correction is $9,600. He previously noted that this price is one where he thinks it may be wise to flip long.

Chart of BTC's price action over the past few months with an analysis by crypto trader Mohit Sorout. Chart from TradingView.com

Could Drop a Bit Lower Than That

The downtrend may bottom a bit lower than that, though.

Cole Garner, a cryptocurrency analyst, noted that order book data indicates that a Bitfinex buyer seems to be putting bids in the $8,800 region.

This is relevant because Bitfinex’s order book has been an extremely accurate indicator for Bitcoin’s price over recent months. The order book on the exchange flashed strong buys in the $9,000s in June and July, marking local bottoms prior to the strong uptrend in August.

Nice to see you again #BitfinexWhale

Smart money has their bids sitting at $8800

I expect the bottom will likely be around there pic.twitter.com/DPBHUKrCFr

— Cole Garner (@ColeGarnerBTC) September 4, 2020

Photo by Mitchell Orr on Unsplash Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Here's Why An Analyst Is Eyeing a Bitcoin Drop Toward $9,800

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Here’s Why An Analyst Is Eyeing a Bitcoin Drop Toward $9,750

Bitcoin sustained a strong drop on Thursday after peaking at $12,000 earlier this week.

The leading cryptocurrency now trades for $10,300, having collapsed around 15% from the local highs.

BTC closed its daily candle below pivotal support levels, a technical signal that does not bode well for bulls.

While $10,000 has held for the time being, analysts think that at least one leg lower is likely.

This final leg lower will take Bitcoin to at least $9,750, a number of traders have suggested.

Bitcoin Could Drop Towards $9,750: Here’s Why

Bitcoin underwent a decisive bounce at $10,000 after temporarily tapping and sliding below this level on Thursday evening and Friday morning. The leading cryptocurrency, as aforementioned, now trades $10,300 due to that bounce.

According to one trader, the cryptocurrency is primed to see another leg lower towards the $9,755 range. This would mark another approximately 5% drop from current levels.

The reason why such emphasis has placed on this price region is for a number of reasons. The trader who shared this sentiment that $9,755 lines up with a strong confluence of technical and horizontal support levels. These levels are as follows:

Bitcoin’s 200-day simple moving average. This moving average is often seen by analysts as a level an asset must hold to maintain a bullish bias.

The target of a textbook head and shoulders formation.

A CME BTC futures gap. Futures gaps have filled over 95% of the time thus far.

The “Golden Pocket,” the 61.8% Fibonacci retracement of the rally.

A Livermore Accumulation Cylinder low.

This confluence of support levels suggests that Bitcoin, at least to maintain its bull trend, will bottom and bounce in this price region.

Chart of BTC's price action over the past few months with an analysis by crypto trader Coiner Yadox (Yodaskk on Twitter). Chart from TradingView.com

Mohit Sorout, a founding partner of Bitazu Capital, has echoed the expectation of a move towards the $9,700 region. Sorout postulated that it may actually move even lower than that level.

He published this chart during the drop, noting that his target for the correction is $9,600. He previously noted that this price is one where he thinks it may be wise to flip long.

Chart of BTC's price action over the past few months with an analysis by crypto trader Mohit Sorout. Chart from TradingView.com

Could Drop a Bit Lower Than That

The downtrend may bottom a bit lower than that, though.

Cole Garner, a cryptocurrency analyst, noted that order book data indicates that a Bitfinex buyer seems to be putting bids in the $8,800 region.

This is relevant because Bitfinex’s order book has been an extremely accurate indicator for Bitcoin’s price over recent months. The order book on the exchange flashed strong buys in the $9,000s in June and July, marking local bottoms prior to the strong uptrend in August.

Nice to see you again #BitfinexWhale

Smart money has their bids sitting at $8800

I expect the bottom will likely be around there pic.twitter.com/DPBHUKrCFr

— Cole Garner (@ColeGarnerBTC) September 4, 2020

Photo by Mitchell Orr on Unsplash Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Here's Why An Analyst Is Eyeing a Bitcoin Drop Toward $9,800

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Bitcoin Breaking Below These Two Levels May Suggest the Bull Trend Is Over

Bitcoin has struggled over recent days, falling below the pivotal supports at $11,500 and $11,700.

As of this article’s writing, the leading cryptocurrency trades for $11,450, posting a 3% loss in the past 24 hours.

It is actually outperforming most altcoins, which have lost all momentum due to a rush for safety in BTC.

Bitcoin is not yet in a medium to long-term bear trend, but the asset will enter one if it loses these two technical levels.

Analysts are hopeful, though, that BTC will hold the lower level at the very least.

Bitcoin managing to bounce off this level may confirm the existence of a medium-term bull trend,

Bitcoin on the Verge of Losing the Bull Trend?

Bitcoin has slipped over the past 72 hours. After peaking at $12,500 on Monday, the asset has slipped lower and lower, now trading for $11,450. This isn’t much than it was just a week ago, but analysts have begun to mark out important levels as the downtrend may persist.

One cryptocurrency trader shared the chart below on August 21st. Along with showing the recent price action, it shows important levels for BTC to hold moving forward.

Per the trader Bitcoin must hold both $11,000-11,200 and $10,600 to maintain the bull trend:

“Levels to watch on $BTC if we continue dropping: $11.2-11k and $10.6k. Should these two major supports be broken then it could signal a shift in trend in the medium to long term. So far $11,000 hasn’t been raided in the past few weeks.”

Chart of BTC's recent price action by crypto trader Flood (@ThinkingUSD on Twitter). Chart from TradingView.com

Another analyst has pointed to the low-$11,000s as an important level for Bitcoin to hold. One noted that there is “heavy support” in that region due to the consolidation BTC saw in that region earlier this month.

$10,500 Could Hold, Technicals Suggest

Even if $11,000 breaks, analysts have some confidence that the $10,500 level will hold.

For reference, that specific level is one of macro importance to Bitcoin. As readers are likely aware of, $10,500 was a level at which three separate BTC rallies topped at: one in October 2019, one in March 2020, and once in June of this year.

It already held once during this rally, with a flash crash bouncing right above $10,500. The level is likely to hold for a second time should Bitcoin test the level due to the Ichimoku Cloud technical indicator.

Another trader shared this chart on August 21st. It shows that the Ichimoku Cloud’s “Kijun” line sits at $10,600 at the moment.

Chart of BTC's recent price action by crypto trader Ledger Status (@LedgerStatus on Twitter). Chart from TradingView.com

Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Bitcoin Breaking Below These Two Levels May Signal the Bull Trend Is Over

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Analyst Who Called Bitcoin’s Move to $3,000s Thinks This Comes Next

Bitcoin is pressing higher after consolidating in the mid-$11,000s for a number of days.

As of the time of this article’s writing, the leading cryptocurrency trades for $11,800.

BTC is up 2% in the past 24 hours, underperforming Ethereum’s 10% performance.

A historically accurate analyst expects Bitcoin to press lower towards $11,000 one more time, then potentially break out.

This is a sentiment differing from other analysts, who argue that Bitcoin is likely to break higher right away.

Bitcoin Could Drop Towards $11,000 Once Again, Says Trader Who Predicted $3,000s

Bitcoin is likely to move towards $11,000 by the end of the week, a historically accurate analyst shared on August 13th. The analyst shared the chart below, indicating that he thinks BTC will drop towards $11,000, bounce towards the range highs at $12,000, then return to the $11,000 range lows.

If Bitcoin loses the $11,000 lows on the second test, he expects the cryptocurrency to retrace to $9,200. If it breaks and consolidates above the $12,000 range high, he expects a move to $14,000.

Chart of BTC's price action over the past few weeks by crypto analyst and trader il Capo of Crypto (@Crypto_Capo). Chart from TradingView.com

The trader who shared this chart is the same one who predicted earlier this year that Bitcoin would revisit the $3,000s and XRP would fall to the $0.11 region. He was proven correct when both cryptocurrencies reached his target levels during March’s flash crash.

As an aside, this trader thinks that as long as Bitcoin holds $10,500, altcoins should outperform. He said the following on August 5th:

“11500-11700, then down to test the 10400-10500 support zone, which should hold for a while. Looking for longs above that level and shorts below it. Altcoins should perform very well as long as BTC stays above 10.5k -> $EOS, $XTZ, $XRP, $XLM…”

Breakout First?

While this trader is expecting Bitcoin to enter consolidation, there are many analysts who are expecting an imminent breakout to the upside.

As reported by Bitcoinist previously, one trader who has predicted the point at which Bitcoin would bottom during the drop earlier this week said:

“Lots of liquidity still above us. And the monthly support is still support. Short term I think 11900 is possible. But as you know, mid term I’m still aiming at 13k. Let’s see how much we can get.”

Chart of BTC's recent price action with liquidity chart by trader ByzantineGeneral. Chart from HyBlock.

Adding fuel to Bitcoin’s bull case, on-chain data indicates that few cryptocurrency investors want to sell or use their BTC. The last time this much of the Bitcoin supply was inactive was at the start of 2016’s bull run that took BTC from ~$400 to $20,000.

Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Analyst Who Called Bitcoin's Move to $3,000s Thinks This Comes Next

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Analyst Who Called Bitcoin’s Tuesday Low Expects a Move to $13,000

Bitcoin has bounced strongly after plunging as low as $11,100 on Tuesday.

As of the time of this article’s writing, the leading cryptocurrency trades for $11,600 on leading exchanges. This is just under 5% above yesterday’s lows.

An analyst that called that the cryptocurrency would bottom in the $11,100-11,200 region says that the asset is primed to move to $13,000.

Other analysts think Bitcoin will do so.

They note that since the cryptocurrency is holding above $11,500, it remains in a bullish medium-term state.

Technically speaking, there is some resistance at $12,000 that BTC bulls may have trouble pushing past.

Bitcoin Could Hit $13,000: Analyst

On Tuesday, Bitcoin found itself embroiled in a steep decline triggered by a strong decline in the price of precious metals and in the stock market. The leading cryptocurrency fell 7% in the span of 24 hours, marking one of the largest losses since the flash crash of August 2nd.

When BTC was falling, few expected the asset to bounce. But one trader commented on Twitter and in his Telegram channel that the asset would likely bottom at $11,177. Bitcoin proceeded to do so, bouncing slightly below that level to the $11,600 where the asset trades now.

The same trader that made this prediction now says that Bitcoin is primed to move higher, citing market liquidity measures. Referencing the chart below, which shows where there are “liquidity pools,” the individual wrote:

“Lots of liquidity still above us. And the monthly support is still support. Short term I think 11900 is possible. But as you know, mid term I’m still aiming at 13k. Let’s see how much we can get.”

Chart of BTC's recent price action with liquidity chart by trader ByzantineGeneral. Chart from HyBlock.

The trader’s assertion comes after he noted that bears have little hope now that Bitcoin closed its weekly candle above $11,500.

He shared a chart showing how $11,500 has been a pivotal level for both bulls and bears over BTC’s storied history.

Chart of BTC's price action (short-term and long-term chart) by trader Byzantine General (@ByzGeneral on Twitter). Chart from TradingView.com

Not the Only One Expecting Such a Move

The aforementioned trader isn’t the only one expecting Bitcoin to move to $13,000.

Eric “Parabolic/King” Thies, a cryptocurrency analyst and indicator creator, recently shared the chart below as aforementioned by Bitcoinist. The chart indicates that there is little macro resistance until $13,300:

“$BTC 1M Chart. Current price $12,025. Resistances at $13.3k -> $14.5k -> $17.1k -> $19.5k. Bull run starts at new ATH… $20,000. Lets ride.”

Other analysts have agreed with this, with one quipping how “$13ks look ripe” after the Sunday/Monday rally towards $12,100 formed a higher high in the short-term.

Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Analyst Who Called Bitcoin's Tuesday Low Expects a Move to $13,000

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