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@Mazed1979
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#bitcoin Bitcoin price is on the cusp of a breakout. Technical indicators suggest that Bitcoin is poised for a bullish breakout. The asset has formed a bullish flag pattern, characterized by a vertical pole followed by a descending channel. This flag formation overlaps with the handle section of a broader cup-and-handle pattern. The cup has a depth of roughly 30%, projecting a potential target above $140,000. Similarly, the flagpole measures approximately 35%. Projecting that distance from the breakout level at $109,300 points to a target exceeding $145,000. A strong move above this level could spark a broader crypto rally.
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#DayTradingStrategy XRP has several fundamentals that may drive its price higher in July. First, its ecosystem is performing well, with tokens like Coreum and Sologenic posting double-digit gains this week. Additionally, the total value locked on the XRP Ledger has risen to $62 million, while the newly launched XRP Ledger EVM has reached $52,000. Second, there are signs that Bitcoin Bitcoin btc 0.36% Bitcoin may finally break above its all-time high this month. Polymarket odds of a strong Bitcoin breakout have continued to rise, as the token has formed both a cup-and-handle and a bullish flag pattern. A breakout in BTC would likely spark gains across the crypto market, including XRP. Third, Ripple USD is on track to hit the $500 million market cap milestone this month. It has already surpassed the $485 million mark, and the passage and signing of the GENIUS Act could further accelerate its growth, as Tether Tether usdt 0.01% Tether is not compliant. As such, USDT holders in the US will likely be transitioned to other compliant tokens, such as USDC, PYUSD, and RLUSD. The probability that the SEC will approve multiple XRP ETFs later this year remains high at 85%. These funds could become highly successful, as demonstrated by the recent launches of Bitcoin and Ethereum ETFs. Additionally, the XRP price may rebound ahead of Brad Garlinghouse’s scheduled testimony before Congress on July 9.
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#Binance #bitcoin U.S. Dollar Gains Ground As Composite PMI Beats Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY Key Points: EUR/USD pulls back as Euro Area Composite PMI misses analyst estimates. GBP/USD is mostly flat, supported by the better-than-expected UK Services PMI report. USD/CAD is moving lower as traders react to recent reports about Trump's tariff plans. U.S. Dollar Index gains ground as traders react to the better-than-expected Composite PMI report. The report showed that Composite PMI increased from 51.6 in February to 53.5 in March, compared to analyst forecast of 51.5. Currently, U.S. Dollar Index is trying to settle above the resistance at 104.30 – 104.50. In case this attempt is successful, it will head towards the next resistance level, which is located in the 105.50 – 105.70 range.
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#bitcoin #Binance Ethereum Predicted to Reach $9K Following BlackRock’s ETH Holdings Milestone. Key Points: BlackRock’s BUIDL fund now holds over $1.1 billion in Ethereum, highlighting surging institutional demand. Ethereum whale wallets have grown significantly since March 2024, signaling strong accumulation. ETH is retesting a multi-year support trendline, with technical targets pointing toward $9,000 and beyond. Ethereum’s (ETH) bullish prospects are gaining momentum as BlackRock’s Ethereum holdings under the BUIDL fund surpassed $1 billion, marking a major milestone for institutional crypto adoption.
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Michael Saylor 'reveals' 21 truths of Bitcoin.
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