#BANANA gave a shallow break of the falling wedge #pattern and still going through consolidation. Price can #move down from here or after a retest of the resistance, expecting a new lower low. #crypto
😱 Bloomberg Intelligence Senior Commodity Strategist Mike McGlone reiterated his #bearish outlook, suggesting that #bitcoin could fall below $10,000 amid a macro-driven repricing of risk assets. Several market analysts dispute this scenario, arguing that #BTC is more likely to trade in a $60,000,$70,000 range in the near term, with a potential accumulation zone emerging around $30,000,$40,000. #crypto $BTC
User TROLLSK wagered $339 on a #prediction about Elon Musk’s tweet count. He purchased 127,000 “Yes” tokens, forecasting 340,359 tweets from March 3 to March 10. The #prediction hit, resulting in $83,672 profit. 💛
The S&P 500 has broken down from the rising wedge #pattern with significant volume and retested the breakdown level. The Ichimoku Cloud is now acting as a resistance barrier above the current price action. With this structure in place, further correction in the S&P 500 could occur. Given its close correlation with the #crypto market, the S&P’s next #move will be crucial in determining broader risk sentiment, making this a key level to monitor closely. #crypto