🚨LATEST NEWS🚨: Tether buys more than 8,800 #bitcoin $BTC | MycrptoPKR on Binance Square

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🚨LATEST NEWS🚨: Tether buys more than 8,800 #bitcoin $BTC  for a value of 1,000 million dollars, according to on-chain data 💥 #BTCPriceVolatilityNow $BTC 
BTCUSDT
Perp
90,152.7
-0.74%
$BTC 

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Ethereum(ETH) Surpasses 4,300 USDT with a 3.52% Increase in 24 HoursBitcoin (BTC) Surpasses 116,000 USDT with a 2.52% Increase in 24 HoursCryptocurrency Market Experiences Significant LiquidationsBitcoin's October Performance Shows Historical Uptrend$ETH $$

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Current Status: Corrective Pullback After Reaching Highs XRP is currently in a short-term corrective phase, pulling back from the highs of its recent powerful rally. This price action is in line with the broader cryptocurrency market, which is seeing widespread profit-taking after a strong start to the week. Technical Breakdown Overall Pattern: The strong uptrend has paused and reversed into a short-term downtrend. The price action at the peak formed a "double top" pattern, a bearish signal indicating that buying momentum was exhausted. Recent Activity: The Peak: The rally that started last week carried XRP to a new local high of approximately $2.92. The Reversal: After failing to push higher, sellers took control, leading to a consistent decline over the past day. Finding Support: The price has now pulled back to the $2.84 area, where it appears to be finding temporary support and is attempting a small bounce. Key Levels Resistance: The first significant hurdle for a recovery is the most recent lower high, around the $2.89 - $2.90 zone. The ultimate short-term resistance is the peak at $2.92. Support: The current level of $2.84 is the immediate support to watch. If this level fails to hold, the next major support is the original breakout point from the previous consolidation, located around $2.82. Market Context This pullback is a market-wide phenomenon. After a multi-day rally, a period of consolidation and profit-taking is healthy and expected. For XRP, the key test will be whether buyers step in to defend the critical support levels, particularly the original breakout zone at $2.82. A successful defense would be a strong sign that the broader uptrend remains intact.$XRP #

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#BTCPriceVolatilityNow $BTC btc

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