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Invest only if you are willing to lose all the money you are investing. This is a high-risk investment, so you shouldn’t expect to be if something goes wrong.
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Bitcoin’s value registered a slight loss in the last 24 hours for the market at $70,130. 03 at 8:55 a. m. m. EST, as investors sold some of their holdings in the crypto king.
BTC’s declining costs are just one component of a short-term retention pattern, according to Matthew Hougan, Bitwise’s chief investment officer. He estimates that up to $1 trillion will be injected into Bitcoin’s exchange-traded budget (ETF) as investment products continue. to gain traction. In a note sent to investment professionals, he added that the most productive thing to do now is to “stay calm and take a long-term view,” as BTC rebounds between $60,000 and $70,000.
An excerpt from Bitwise’s weekly @Matt_Hougan CIO for investment professionals.
Lately, crypto markets have been volatile, with Bitcoin bouncing between $60,000 and $70,000. The media is worried and breathless. . .
– Bit-by-bit (@BitwiseInvest) March 27, 2024
BTC/USDT 4-hour chart (Source: TradingView)
Bitcoin’s value has fallen below a positive trendline that has formed on its charts over the past week. If BTC fails to achieve a position above this bar in the next 24 hours, then it could consolidate or threaten a short-term correction.
In a consolidation phase, the leading cryptocurrency could oscillate between the $68,863. 99 signal and the primary resistance at $71,641. 54. within the next 48 hours.
On the other hand, BTC ending a 4-hour candlestick above the aforementioned ascending trendline for the next 24 hours may simply invalidate this bearish thesis. Investors and investors will likely try to push BTC above the $71,641. 54 threshold before looking to increase the price. Bitcoin’s value to a new all-time high beyond $73,777.
Technical signals on BTC’s 4-hour chart suggest that Bitcoin’s value could decline in the next 24 to 48 hours. The Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are bearish.
The MACD line has recently moved below the MACD signal line. This is considered a sign that a cryptocurrency has entered a negative cycle. Since this intersection occurred on the 4-hour chart, this trend may only be short-term.
Sellers also seem to have the upper hand over buyers on BTC’s 4-hour chart, with the RSI nestling below the simple moving average (SMA) line. The former is also splitting below the latter, suggesting that the bears are becoming more potent and may simply cause Bitcoin’s value to decline in the next 24 hours.
As Bitcoin’s value attempts to climb back above its positive trendline, Dogecoin20 is offering investors one last chance to buy before its launch.
Since its inception in 2013, Dogecoin has grown from a light-hearted joke to the leading cryptocurrency in the coin industry. Backed by a giant network of followers, the beloved coin has even managed to capture the attention of tech billionaire Elon Musk. However, aside from this popularity, no new advancements have come to the Dogecoin ecosystem since the project’s original developers left the crypto shortly after its launch.
Dogecoin20, a new meme coin that aims to take global crypto through the storm, marks the first significant update to the DOGE logo and technology. Launched on the Ethereum blockchain, Dogecoin20 follows the ERC-20 token standard. Not only does this make it compatible with most of the wallets and platforms that exist in the market lately, but it also makes Dogecoin20 a greener edition of the old Dogecoin that was implemented on the Proof-of-Work blockchain.
Token holders also have a lucrative staking program. Anyone who buys Dogecoin20’s token, DOGE20, can lock up their tokens for up to 82% in annual rewards.
Investors flocked to the Dogecoin20 presale, resulting in the ICO sale and the raising of over $10 million. Given this resounding success, the meme coin team made the decision to give investors one last chance to buy DOGE20 before its launch.
– Dogecoin20 (@DOGE_COIN20) March 29, 2024
Sold for $0. 00022, DOGE20 can be purchased in ETH, USDT, BNB, or bank card. Investors still have time to buy the cryptocurrency at this early stage, but they will need to hurry as it is less than 22 days away from launch.
DOGE20 can be here.
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Steven is a passionate innovator in the fields of cryptocurrencies and blockchain technology. It ranked among the top five in the world in robotics and began its exploration of those emerging technologies in 2014. After briefly reading computer science at the University of Texas at Arlington, he went on to actively contribute to the cryptocurrency space.
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