While support and resistance levels provide valuable reference points, it’s important to recognize that Bitcoin’s price movements can often defy conventional wisdom. Rekt Capital, another highly respected cryptocurrency analyst, offers a sobering reminder: “Bitcoin will retrace deep enough to convince you that the Bull Market is over And then it will resume its uptrend $BTC #BTC #Bitcoin.”
The cautionary tale of PEPE serves as a reminder of the volatile and speculative nature of meme coins. While these tokens can generate significant buzz and attract a dedicated following, their long-term sustainability is often questioned, as they lack fundamental value and are largely driven by social media trends and investor sentiment.
Ali states that the indicator is now flashing a buy signal, suggesting that MATIC could be poised for a rebound
NULS is a global open-source blockchain infrastructure project that provides customizable services.
For investors, the implications of this technical analysis are significant. Kaspa’s decelerating price action and sustained accumulation periods may indicate a more stable and sustainable growth trajectory.
Ekekwe points out that despite Binance disconnecting the Naira from its ecosystem, the currency’s exchange rate has not recovered to its previous levels of around N600 per US dollar.
The court order, issued by Justice Emeka Nwite, mandates Binance to disclose the identities and transaction details of its most prominent Nigerian users.
While analyzing the key support level, crypto analyst Ali stated some important on-chain support and resistance levels for Bitcoin based on areas with a high concentration of investor positions.
According to Rekt Capital, Bitcoin has typically peaked 518 to 546 days after the halving event, which reduces the rate at which new bitcoins are created.
