binancetournament

Headline: Do you always buy at high prices? The RSI indicator can help you find the right entry and exit (Entry & Exit) points 🧠💰
In crypto trading, guessing won't work. Traders who use indicators are always one step ahead of others. Today, we'll talk about the most popular indicator, RSI (Relative Strength Index)

Recently, the analytics company Nascent published a report where they announced a new approach to DeFi without oracles.

Everyone knows that the DeFi sector has all the necessary tools to fundamentally change the financial system, but is still in the early stages of development, facing a number of security problems. One such problem is the use of oracles, which can be hacked by fraudsters. In 2022, more than $3.8 billion was stolen in hacking attacks, mainly through exploits of DeFi protocols and bridges.

1. BTC price never falls below the all-time high of the previous cycle. Throughout the history of Bitcoin, the price of the asset has never fallen below the historical maximum of the previous cycle. This theory remained true during several previous bear markets - which is why many believed that BTC would never fall below $20,000 again. However, the prolonged crypto winter has taken Bitcoin into previously uncharted territory. Last June, the price of the main cryptocurrency fell below its 2017 ATH of $20,000 for the first time amid a panic sell-off triggered by the collapse of the Terra ecosystem and the “resetting” of LUNA and UST. And in November, it updated its cycle lows at $15,649 due to the collapse of the notorious FTX crypto exchange. And although some market participants argue that without the intervention of “black swans” the theory would remain true, the fact remains. 2. Bitcoin is the best hedge against inflation. Bitcoin is often referred to as “digital gold,” alluding to its ability to be a store of value, similar to physical gold. However, over the past few years, he has repeatedly caused investors to doubt the veracity of this statement. The COVID-19 pandemic, and then the rise in inflation in the United States to 40-year highs, led to the fact that the main cryptocurrency lost about 70% in price and began to correlate with the stock market - in particular, with the sector of technology companies. However, the situation is gradually beginning to change. The banking crisis, which led to the collapse of several large traditional financial institutions such as Silicon Valley Bank and Signature Bank, has made Bitcoin attractive again in the eyes of investors, and the erosion of confidence in the dollar has led people to consider investing in the digital asset as an escape from the fiat system. Thus, this theory can still regain its status as a viable one. 3. BTC will always move in four-year cycles. Perhaps the most important misconception about Bitcoin is that its price moves in four-year cycles from halving to halving and begins a parabolic rise about 6 months after the halving. This is how it has happened so far. However, after the halving reduces supply to such a level that miners' rewards for mining BTC drop to almost zero, things could change significantly. Another controversial point is that halving has become such a popular narrative that literally all crypto market participants are preparing for the upcoming event, scheduled for April-May 2024. This means that large investors will actively buy Bitcoin in hopes of huge profits. Any of these options can significantly affect the price of BTC and change the usual course of events. Therefore, even this stable theory will sooner or later come to an end.

A mysterious Bitcoin whale suddenly moved tens of millions of dollars worth of the top cryptocurrency after holding BTC for nearly a decade.

Citing network data, CryptoQuant CEO Ki Young Joo said that previously dormant 1,400 BTC worth over $ 36 million were sent to a Pay-to-Taproot (P2TR) address.

The founder of the Cardano (ADA) cryptocurrency, Charles Hoskinson, made an interesting move. He tried to make a truce with the XRP (Ripple) community, with whom he had been unfriendly for many years. On his official Twitter page, the entrepreneur called for “peace,” sparking a heated debate on the social network.