EZ-VICTOR

Tensions between the United States and Iran resurface.. markets are on alert 🌍

The ceasefire job ends on April 22, and no deal is in sight yet. Iran is threatening a tougher stance, warning that it is ready to "play new cards" if talks collapse. On the other hand, President #Trump says "expect bombing" if no agreement is reached with Iran, adding that the United States is "on high alert" and has significantly boosted its military capabilities.

⚠️ Escalating military rhetoric from both sides

🛢️ Oil prices have already begun to react upwards

📉 Risk assets (like #BTC ₿) are feeling the pressure

Bitcoin has been stable near $77,000, but escalation could lead to a sharp drop to $75,000.

What to watch for:

Last-minute agreement ← Potential for a market rally due to relief sentiment.

Failure to reach an agreement ← Rising oil prices, decreased risk appetite, and increased volatility.

Summary: The next few hours could determine the overall direction of global markets.

#BTC

1. Current Price:

Current Price: $1.925

Percentage Change in Last 24 Hours: +8.06%

Percentage Change over 7 Days: -29.48% (Sharp Decline)

Percentage Change over 30 and 90 Days: +13.27% (Medium-Term Recovery)

2. Technical Analysis:

Moving Average (MA):

MA (7 Days): 1.9041 (The price is very close to it, indicating a temporary support area).

MA (50 Days): 1.8054 (Indicates an upward trend in the medium term).

MA (100 Days): 1.7748 (The price is above it, indicating the continuation of bullish momentum).

Support and Resistance Levels:

Strong support at: 1.76 - 1.80$ (Moving Average Area).

Nearby resistance at: 1.9984$ (Last recorded peak).

3. Upcoming Forecast:

If it stays above 1.90$: we may see an attempt to test 2.00$ then 2.015$.

In case of a downward break: the next support is at 1.80$, and if broken, we may see 1.76 - 1.70$.

4. General Trend:

Although the currency experienced a decline over the past week, the rise in the last 24 hours and holding onto support levels suggests the possibility of continued recovery.

It is advisable to monitor price movement at the 2.00$ level to understand the upcoming trend.

Advice: If you are an investor, pay attention to trading volume and news surrounding the Pi Network project as they significantly affect the price.

#Binance #PiNetwork $BTC

As of October 2023, Pi Network is still in the development phase and has not been officially launched in the market. The currency is still under development, and no specific launch date has been set. However, there are some recent updates about the project:

1. **Development Progress**: The Pi Network team continues to work on improving the network's infrastructure, including wallet development and enhancing security and privacy.

2. **Network Testing**: Several network tests have been conducted by randomly selected users to help improve the system before the official launch.

3. **Increase in Users**: The number of registered users in Pi Network has surpassed 35 million, indicating growing interest in the currency.

4. **Launch Plans**: No specific date for the official launch has been announced, but the team assures that they are working to ensure the network is secure and efficient before the launch.

5. **Challenges**: The project faces challenges related to compliance with regulatory and legal requirements, particularly concerning anti-money laundering (AML) laws and know your customer (KYC) regulations.

6. **Community**: The Pi Network community remains active and enthusiastic, with many discussions and expectations about the future of the currency.

For the latest updates, it is advisable to follow the official channels of Pi Network.
#PiNetwork #Binance