Ebrahim
@ee64546454ee
2680 Following
1720 Followers
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The data showed that over the past 24 hours, an impressive $903 million worth of Bitcoin was recorded in various transactions, prompting speculation about the reasons for such large transfers. Deposits to exchanges may indicate selling intentions, while withdrawals may indicate It means to buy. Over-the-counter trading that takes place outside of crypto exchanges may be another possibility, however, the exact reasons for these movements remain unknown.
At the time of writing, Bitcoin is down 0.83% in the past 24 hours to $94,507, trading below its all-time high (ATH) of $108,268 on December 17, 2024. 0 reply
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Bitcoin analysis
The BTC/USD chart shows a previous downtrend followed by a sideways consolidation phase around $94,932. Key resistance levels are near $96,000 and $98,000, while key support levels are at $94,000 and $92,500. Sentiment is bearish in the short-term as the previous trend is bearish and price consolidation may lead to further failure. Open a short position near $94,800-$95,000 and place a stop loss at $96,100 to limit risk. Price targets for short selling are $94,000 (first target) and $92,500 (second target), where important support levels are located. If the price crosses $96,100 and stays above it, review the sell position and consider the possibility of a change to the upside. To enter a buy position, take action above $96,100 and set a stop loss at $94,800 to manage risk. The targets for the buy position are $98,000 (first target) and $100,000 (second target) if the uptrend continues. 0 reply
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