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Rising Community Bitcoin Technology Analysis October 16th: Positive in the Short to Medium Term, Neutral in the Long Term
BitcoinIn the short term, there is an upward trend, indicating that investors are looking for an upward trend.The mid-term analysis of the cryptocurrency shows that it has overcome resistance to a downward trend, indicating potential sideways movement or stability
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Suggestions and analysis strategies for Bitcoin Ethereum operation within 10.15 days
PancakeDue to weekend reasons, market volatility has become the norm, with only over a hundred points of room in the white range until breaking through the bottleneck of 27200 in the early morning and reaching a high of 27293. From the perspective of the four hour structure, the currency price has retreated from the high point of 28295 to the low point of 26538 and then started to move upwards again! The current currency price is on the upper track, ending with a triple positive line
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What can revive the price of Dogcoin (DOGE) in whale trading?
Despite the continuous growth of trading volume, Dogcoin still faces strong pressureAccording to multiple positive on chain indicators showcased today, Dogcoin is no longer the favorite of whales in the market. According to IntoTheBlock (ITB) data, the huge trading volume of Dogcoin over the past week is expected to be slightly over $1 billion, with a slight decrease of 1% within the aforementioned time frame
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DOGE and SHIB plummeted, and Memecoins lost their upward momentum
At the beginning of this week, Bitcoin experienced stable performance over the weekend, while Shanzhai Coin continued to bear losses and experienced significant adjustments, indicating a possible bearish trend. This adjustment has affected some popular meme coins, such as dog coins and firewood coins, which have become the biggest losers of the day
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Do Bitcoin still have room for development in the future
There are multiple factors and uncertainties involved in whether Bitcoin still has room for development in the future, so it is impossible to provide a definitive answer.The advantages of Bitcoin lie in its decentralized nature, low transaction friction, potential global payment capability, and possible anonymity
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Glassnode: Bitcoin whales and Ethereum whales are not the same
According to Glassnode's data, when BTC whales accumulate, ETH whales sell. What's going on here?Famous figures in the Bitcoin industry have seized the opportunity to shoot their peers in the Ethereum community, but they also need to pay attention to the legal issues surrounding this industry
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Can Bitcoin prices overcome potential correction and usher in a new round of upward trend?
Bitcoin prices have started an upward correction since the $26550 region. BTC is on an upward trend and is facing strong resistance near the $27300 and $27500 levels
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Rising Community: Bitcoin (BTC) Unrealized Net Profit and Loss (NUPL) Between Fear and Optimism
The NUPL indicator of Bitcoin shows the struggle between fear and optimism regions, and the current adjustment has returned to the fear region.Despite recent surrender, short-term Bitcoin holders have shown signs of reversal, indicating a potential strong return in the market
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Bitcoin shows signs of potential expansion - will SOL, LDO, ICP, and VET follow up?
The weaknesses and overly complex regulations of Bitcoin keep cryptocurrencies away from counterfeit currencies. This has caused Bitcoin's market dominance to hover around 50% in the past few days
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Evaluate whether Bitcoin can once again rise above $27000
Last week, the price of Bitcoin fell below $27000, with short-term holders selling Bitcoin at a loss this year ranking second.BTC fell more than 3% last week, trading at $26887
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Analysts say that Bitcoin's resilience supports the claim of hedging against global turmoil
As global turmoil escalates and macroeconomic uncertainty increases, analysts tell TheBlock that the value of Bitcoin is becoming increasingly apparent.Bitcoin is more user-friendly, stable, and globalized than some local currencies, especially in terms of geopolitical conflicts and sanctions
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Rising Community: The bullish recovery of Dogcoin is rejected - what will happen next?
Will DOGE fall into another price range after rejecting the resistance level of $0.06 at the latest price?The bullish recovery has been rejected at new resistance levels