Velvet reached its peak at around $2. To anyone expecting it to repeat that rally and revisit those levels, I'd say you're better off not getting your hopes up. In my opinion, the coin will continue to decline, and time will tell. Even if it does rise, it will likely be a temporary or deceptive rally followed by a very strong drop. Therefore, exercise caution.
#newt $NEWT @NewtonProtocol 🚀 Newton Protocol is an emerging blockchain project focused on delivering innovative solutions through security, decentralization, and efficiency. As its ecosystem continues to grow, many investors and crypto enthusiasts are watching its potential closely. Could Newton Protocol become one of the leading blockchain projects in the future? Share your thoughts below! 👇
Welcome to this post. Please share your opinions about Bitcoin's direction in the coming days. I believe it will continue to decline and may reach the $55,000 level. $BTC #BTC
Based on the chart you shared (1-hour timeframe), Bitcoin is currently trading around $58,941. 📉 Trend Analysis The short-term trend is bearish, as the price remains below the major moving averages. MA(7): approximately $58,749 MA(25): approximately $58,940 MA(99): approximately $59,807 Trading below the MA(99) suggests that the overall short-term momentum is still weak. 🔑 Support and Resistance Levels First support: $57,800 (recently tested). Second support: $57,200 – $57,300. First resistance: $59,000 – $59,200. Major resistance: $59,800 – $60,000. 📊 Market Outlook If Bitcoin breaks and holds above $59,000, it could move toward the $59,800–$60,000 area. If it falls below $57,800, further downside toward $57,200 or lower is possible. 💡 Trading Perspective For short-term traders: consider waiting for a confirmed breakout above $59,000 before entering a long position. If you already hold a long position: a stop-loss below $57,800 may help manage risk.
What do you expect Bitcoin will reach in the coming days?
@NewtonProtocol #Newt $NEWT Newton is a blockchain project designed to create a decentralized economic infrastructure that connects individuals, businesses, and communities. The project aims to reduce costs and improve efficiency by using blockchain technology and smart contracts. Newton's ecosystem supports various applications, including digital payments, supply chain management, and decentralized commerce. The native cryptocurrency of the network, known as NEW, is used for transactions, rewards, and participation within the ecosystem. Newton focuses on transparency, scalability, and community governance, with the goal of building an open and sustainable digital economy. Although the project has attracted interest from cryptocurrency enthusiasts, investors should always conduct thorough research before investing in any digital asset.