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Is a Bitcoin Rebound Looming After Recent Plunge? A Deep Dive into the Causes of the Decline and the Golden Period for a Potential Rebound! In the ever-volatile digital currency landscape, every Bitcoin fluctuation sends ripples throughout the global investor community. Recently, Bitcoin has experienced an unexpected downturn

BTC Breaks Through Double Resistance in the Short Term, ETH Retraces After Touching Bollinger Band ResistanceYesterday, BTC hit a low of 57093 and a high of 59412, with a fluctuation range of 2319 and a volatility of 4.0%

"Red" September? Five Things to Watch for Bitcoin This WeekSeptember began with a less-than-ideal price performance for Bitcoin. Both monthly and weekly closings drove BTC prices down, trading close to spot demand at $57,000, signaling low trader interest and a marked lack of bullish sentiment

Bitcoin Reclaims $59,000 Mark, What's Next for the Short-Term Trend?Bitcoin surged to near $59,500 early this morning, with Ethereum also returning to the $2,500 level. Where are the support and resistance levels for BTC in the short term?It's worth noting that the US market was closed yesterday for Labor Day, and significant volatility is expected when it reopens tonight

Bitcoin's Weak Trading Pattern May Continue for a Month: Market Awaits Fed Rate Cut and Presidential Election OutcomeBitcoins weak trading pattern is likely to persist for another month as crypto traders await clarity on the Federal Reserves interest rate cuts and the upcoming presidential election. August was a rough month for crypto, with Bitcoin dropping 10

Bearish Signals Flash for Binance Coin (BNB), Price Could Dip Below $500Binance Coin (BNB) has dropped over 10% in the past week, currently trading below its downtrend line from August 23. Technical indicators like the MACD and DMI suggest that BNB could face further short-term declines, as the bearish momentum remains strong

Dogecoin Price and Lunar Cycles: A Hidden Correlation?The price fluctuations of Dogecoin (DOGE) may be more than just market noise. A recent analysis has uncovered a compelling link between Dogecoins behavior and lunar cycles

ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of ReversalAccording to Odaily Planet Daily, on-chain analyst Ali shared Glassnode data on X, revealing that Ethereum's MVRV (Market Value to Realized Value) Momentum indicator remains in a downward trend, with no signs of a reversal yet. This suggests that Ethereum's price may continue to decline

Bitcoin in September: Last Dip or Rebound Prelude?Bitcoin continued its downward trend on Saturday, breaking below the descending channel line, sparking market concerns about further declines. The market expects Bitcoin to drop to around 57900 or 57500, but it is recommended to wait for the bottom formation to appear before considering buying

Bitcoin's September Fate Uncertain: Bear Market Curse or Bullish Surge?September has historically been a concerning month for Bitcoin investors, as data shows the cryptocurrency often underperforms during this period. However, this year is different, with the market divided on Bitcoin's future prospects, balancing the fear of a potential bear market curse against the allure of a bullish surge

September: A ray of hope, or a plunge into the abyss?The wild swings of August have finally come to an end, and for cryptocurrency investors, it's been a grueling month. Following the correction in early August, the market has been in constant flux, leaving investors exhausted

L2 Networks Boost Ethereum Throughput by 20xAccording to Odaily Planet Daily, growthepie revealed on X platform that L2 networks have increased Ethereum's throughput by 20 times. This news has sparked investor interest and once again highlights the crucial role of L2 networks in enhancing Ethereum's scalability