#S&P 500 ANALYSIS
The S&P 500 has broken down from a rising wedge pattern and completed a successful retest. The Ichimoku Cloud is currently providing support, indicating bullish momentum. Await further price action for clearer direction.
Notably, the S&P 500's price action often correlates with cryptocurrency market trends, making its movements a key indicator of broader market sentiment.
The S&P 500 has broken down from a rising wedge pattern and completed a successful retest. The Ichimoku Cloud is currently providing support, indicating bullish momentum. Await further price action for clearer direction.
Notably, the S&P 500's price action often correlates with cryptocurrency market trends, making its movements a key indicator of broader market sentiment.
Bitcoin soars past $109,000 ahead of possible early action on crypto by Trump
The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped up cryptocurrency industry bets he’ll take action soon after returning to the White House.
Once a skeptic who said a few years ago that bitcoin “ seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.
His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.
The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped up cryptocurrency industry bets he’ll take action soon after returning to the White House.
Once a skeptic who said a few years ago that bitcoin “ seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He’s launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.
His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.
BTC surges past $100K🚀
And guess what? The USA’s strategic reserve news is about to send the altcoins market beyond andromeda
Exchange: BINANCE🚀✌️
And guess what? The USA’s strategic reserve news is about to send the altcoins market beyond andromeda
Exchange: BINANCE🚀✌️
World Liberty Financial, a DeFi project tied to President Donald Trump, spent $100 billion on a basket of cryptocurrencies shortly before the inauguration.
The 47th U.S. President and his crypto team accumulated significant amounts of major cryptocurrencies via the decentralized financial platform World Liberty Financial (WLFI). WLFI’s on-chain address acquired approximately $47 million worth of Ethereum.
The 47th U.S. President and his crypto team accumulated significant amounts of major cryptocurrencies via the decentralized financial platform World Liberty Financial (WLFI). WLFI’s on-chain address acquired approximately $47 million worth of Ethereum.
Crypto Investor Arthur Hayes Doubts Trump Will Get Around to Doing a Bitcoin Reserve.
Arthur Hayes, the chief investment officer of cryptocurrency venture capital firm Maelstrom, says he doubts Donald Trump’s government will get around to creating a strategic Bitcoin reserve, a policy many crypto enthusiasts are pinning their hopes on.
“I don't think Trump will get around to doing a bitcoin reserve,” Hayes, the co-founder and former CEO of BitMex, said in an interview. “At the end of the day, I don't know how borrowing money to buy bitcoin helps on any of Trump's platforms.”
Trump certainly sees the benefit crypto can bring him, having launched a couple of lucrative meme coins (crypto tokens with no utility other than to be volatile speculative instruments) prior to his inauguration. For hardline Bitcoin supporters, a U.S. strategic reserve held in BTC would be something of an apotheosis for the most valuable token.
Arthur Hayes, the chief investment officer of cryptocurrency venture capital firm Maelstrom, says he doubts Donald Trump’s government will get around to creating a strategic Bitcoin reserve, a policy many crypto enthusiasts are pinning their hopes on.
“I don't think Trump will get around to doing a bitcoin reserve,” Hayes, the co-founder and former CEO of BitMex, said in an interview. “At the end of the day, I don't know how borrowing money to buy bitcoin helps on any of Trump's platforms.”
Trump certainly sees the benefit crypto can bring him, having launched a couple of lucrative meme coins (crypto tokens with no utility other than to be volatile speculative instruments) prior to his inauguration. For hardline Bitcoin supporters, a U.S. strategic reserve held in BTC would be something of an apotheosis for the most valuable token.
JUST IN: 🇺🇸 Bank of America CEO says the banking industry will embrace cryptocurrency if regulators allow it.
#BTC DOMINANCE ANALYSIS
BTC Dominance is consolidating within a symmetrical triangle pattern, currently encountering resistance at the triangle's trendline. The Ichimoku Cloud is providing strong support below, indicating stability. A decisive breakout or breakdown is needed to confirm the next directional move.
It's crucial to note that BTC Dominance typically has an inverse relationship with the altcoin market cap, so a breakdown could signal potential bullish momentum for altcoins.
BTC Dominance is consolidating within a symmetrical triangle pattern, currently encountering resistance at the triangle's trendline. The Ichimoku Cloud is providing strong support below, indicating stability. A decisive breakout or breakdown is needed to confirm the next directional move.
It's crucial to note that BTC Dominance typically has an inverse relationship with the altcoin market cap, so a breakdown could signal potential bullish momentum for altcoins.
📈LONG: $BTC
#BTCUSDT | #BTC | #Bitcoin
Current Price $105640.00
Market Cap $2093.40B
Change 1h +0.05% | 24h +3.11%
Analysis:
The BTC/USDT chart shows a clear breakout above the descending trendline, indicating strong bullish momentum. Look for potential buying opportunities on pullbacks to the critical support zone between $92k and $96k. The 50-day SMA is trending upwards, acting as dynamic support at $98,596.
Price Targets:
The breakout suggests room for upward movement. Monitor for potential targets around $108k, with the possibility of reaching $116k. Hold steady if prices dip close to the $92k-$96k support—it could be a prime chance to enter.
#BTCUSDT | #BTC | #Bitcoin
Current Price $105640.00
Market Cap $2093.40B
Change 1h +0.05% | 24h +3.11%
Analysis:
The BTC/USDT chart shows a clear breakout above the descending trendline, indicating strong bullish momentum. Look for potential buying opportunities on pullbacks to the critical support zone between $92k and $96k. The 50-day SMA is trending upwards, acting as dynamic support at $98,596.
Price Targets:
The breakout suggests room for upward movement. Monitor for potential targets around $108k, with the possibility of reaching $116k. Hold steady if prices dip close to the $92k-$96k support—it could be a prime chance to enter.
Current Price $0.36
Market Cap $53.92B
Change 1h -0.37% | 24h +6.54%
4-Hourly Indicators:
• RSI: 46 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 0.37 - Trading Below 🔴
Analysis: Dogecoin's chart shows an unfilled CME gap and upcoming dip, potentially presenting a buy opportunity. Current hype and positive social buzz might lead to increased interest and demand. A dip in price could be healthy before any significant upward movement.
Price Targets: Watch for a dip to around $0.305 before a possible bull run. If momentum builds, aim for a target of $0.52, marking a 50% rise. Keep an eye on social news and market trends for optimal entry and exit points!
Market Cap $53.92B
Change 1h -0.37% | 24h +6.54%
4-Hourly Indicators:
• RSI: 46 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 0.37 - Trading Below 🔴
Analysis: Dogecoin's chart shows an unfilled CME gap and upcoming dip, potentially presenting a buy opportunity. Current hype and positive social buzz might lead to increased interest and demand. A dip in price could be healthy before any significant upward movement.
Price Targets: Watch for a dip to around $0.305 before a possible bull run. If momentum builds, aim for a target of $0.52, marking a 50% rise. Keep an eye on social news and market trends for optimal entry and exit points!
📈LONG: $TRX
#TRXUSDT | #TRX | #TRON
Current Price $0.25
Market Cap $21.55B
Change 1h -0.61% | 24h +4.26%
4-Hourly Indicators:
• RSI: 60 - Neutral 🟠
• MACD: 0.00 - Bullish 🟢
• EMA: 0.24 - Trading Above 🟢
Analysis:
Tron (TRX) is showing strong momentum as buyers reclaim multiple zones. The chart suggests potential for upward movement, especially if the price holds above the 100EMA. The bullish trend is expected to continue as long as buyers maintain their dominance.
Price Targets:
In the short term, we're eyeing a possible target around $0.270. If momentum continues, the mid-term target could reach up to $0.300. Keep an eye on market shifts, and watch that 100EMA zone for optimal conditions!
#TRXUSDT | #TRX | #TRON
Current Price $0.25
Market Cap $21.55B
Change 1h -0.61% | 24h +4.26%
4-Hourly Indicators:
• RSI: 60 - Neutral 🟠
• MACD: 0.00 - Bullish 🟢
• EMA: 0.24 - Trading Above 🟢
Analysis:
Tron (TRX) is showing strong momentum as buyers reclaim multiple zones. The chart suggests potential for upward movement, especially if the price holds above the 100EMA. The bullish trend is expected to continue as long as buyers maintain their dominance.
Price Targets:
In the short term, we're eyeing a possible target around $0.270. If momentum continues, the mid-term target could reach up to $0.300. Keep an eye on market shifts, and watch that 100EMA zone for optimal conditions!
#BTCUSDT | #BTC | #Bitcoin
Current Price $103455.00
Market Cap $2046.74B
Change 1h -0.80% | 24h -1.99%
Hourly Indicators:
• RSI: 38 - Neutral 🟠
• MACD: -162 - Bearish 🔴
• EMA: 104840 - Trading Below 🔴
Analysis:
On the 1-hour BTC chart, there's a potential short entry between $104,000 and $105,100, given confirmation. The key level to watch for invalidating this setup is above $106,000. This range suggests a cautious approach, waiting for clear signals before acting.
Price Targets:
If the short setup confirms, targets line up as follows: $103,140, $102,538, $101,730, $101,100, and down to $99,600. Watch these levels for potential profit-taking or signs of reversal.
Current Price $103455.00
Market Cap $2046.74B
Change 1h -0.80% | 24h -1.99%
Hourly Indicators:
• RSI: 38 - Neutral 🟠
• MACD: -162 - Bearish 🔴
• EMA: 104840 - Trading Below 🔴
Analysis:
On the 1-hour BTC chart, there's a potential short entry between $104,000 and $105,100, given confirmation. The key level to watch for invalidating this setup is above $106,000. This range suggests a cautious approach, waiting for clear signals before acting.
Price Targets:
If the short setup confirms, targets line up as follows: $103,140, $102,538, $101,730, $101,100, and down to $99,600. Watch these levels for potential profit-taking or signs of reversal.
#ARPA/BTC has fully bottomed out against its BTC pair, and the trend is primed to turn bullish
Now is the perfect time to buy and hold for significant upside potential🚀✌️
Now is the perfect time to buy and hold for significant upside potential🚀✌️
#ALTS MARKET CAP ANALYSIS
The ALTS market cap is consolidating within a symmetrical triangle pattern and is currently trading above the 21MA and 50MA, both of which are providing strong support and indicating bullish momentum.
A decisive breakout from the pattern could trigger a significant bullish rally in the ALTS market cap. Stay alert for a potential breakout.
The ALTS market cap is consolidating within a symmetrical triangle pattern and is currently trading above the 21MA and 50MA, both of which are providing strong support and indicating bullish momentum.
A decisive breakout from the pattern could trigger a significant bullish rally in the ALTS market cap. Stay alert for a potential breakout.
#HOOK/USDT ANALYSIS
HOOK is consolidating firmly within a descending channel pattern, with the 21MA acting as resistance. A bounce from the channel's support trendline is anticipated. Monitor closely for further price developments.
HOOK is consolidating firmly within a descending channel pattern, with the 21MA acting as resistance. A bounce from the channel's support trendline is anticipated. Monitor closely for further price developments.
JUST IN: 🇺🇸 Bank of America CEO says the banking industry will embrace cryptocurrency if regulators allow it.