Quick BTC update on 2 hours chart.

BTC bounced back from the lower trendline and after reaching the 21 MA, it got rejected once again.
BTC is struggling to stay above the 21 MA and is constantly getting rejected from the MA. If it fails to maintain this level and continues to get rejected then we may soon see BTC at $43k level and from there a possible bounce towards the 21 MA again.

The 200 MA is a very crucial zone for BTC and a break down below this MA will be a nightmare for BTC.

Stay tuned for more upcoming updates.

Bitcoin exchange flows have returned to a dominance of outflows through August as investors withdraw $BTC.

The market has transitioned through a number of phases of exchange flow dominance over the last year, with outflow dominance last seen in late 2020. After that bull run is started and btc reached $64k. Let's see what happens this time. IMO $100k is highly likely by the end of this year.

We have entered the 200 MA. This is going to be very intense. We may see a possible bounce from here but for how long? May be till the 21 MA ($45k). A further break down will be a problem for BTC.

Let's see how the price react on this level. We will keep things updated so stay tuned.

Binance will Delist SNGLS and VIA.

https://www.binance.com/en/support/announcement/3b0938634d1a454d926f0b84b0a20578

The Hash Ribbon has been flashing “BUY” for 10 days.

The last time it flashed blue Bitcoin went up +258%

That would take Bitcoin to $157K
- IF we repeated those gains from here.

Indeed we saw a good bounce in BTC. It bounced straight from $44141 to $45950 (4%). This sudden rise in BTC gave a small room to breadth for the altcoins. Continuation of this rally can possibly lead the price to $47k.

More updates coming in.

BTC has reached our said target. Now, will it retrace back from this level.
Quite possible. BTC can retrace back after this 7%-8% rally.
What we need to observe is-

1. Hourly candle breaking and closing above the resistance for bullish move.
2. Rejection from the resistance and forming a back to back red candle for bearish move.

Expecting a small retracement. If BTC don't show any retracement then we may possibly enter $49k.

Stay tuned for more updates.

85,000 merchants in Switzerland can now accept Bitcoin payments thanks to a partnership between WorldLine and Bitcoin Suisse!

Merchants in Switzerland can now accept cryptocurrencies as a means of payment for goods and services, following a deal between one of Europe’s leading payment providers, Worldline, and crypto finance and technology pioneer Bitcoin Suisse.

BTC is finding it hard to break above the $47400 level. All we need is a close above the blue box for better confirmation. A rejection from this level can possibly drop the price back to $44600 to $45800 level.

Let's keep a close eyes on these levels.

All we need was a breakout and it happened.
Can we expect a retracement? Possibly yes but it is also quite possible that BTC can reach $50k soon.

Will Bitcoin repeat the history of gold?

In 1975, the market cap of gold peaked at 1.2 trillion, corrected by 50%, and then shot straight up to $5 trillion.

In 2021, Bitcoin topped at $1.2 trillion, corrected 50% and guess what might follow to gold.

I think yes Bitcoin surely surpass the market cap of gold sooner or later because Bitcoin has only 21M supply and gold has infinite supply.

Bitcoin holding above $48,000. The next phsycological resistance is at $50,000. The real fomo begins after it. Also keep in mind that weekend is here so we may see some volatility in the market. Be safe.

Open long orders on BEAM/BTC.
Currently, it is at the accumulation zone. Expecting 300%+ profit in the next couple of months. Got lots of event coming in for BEAM.

Entry: 1189 to 1509 sats.

Targets:

2288 sats
2945 sats
3678 sats
4437 sats

Remember: This will be a mid-term trade so accumulate every dip to average your entry in spot.

The Future Belongs to Cryptocurrencies, Banks Must Embrace It: Deloitte Survey

A recent study revealed that 73% of senior executives at financial institutions fear their companies will fall behind in terms of development if they fail to adopt virtual currencies and blockchain technology. 76% believe that digital assets will replace fiat money in the next 5 to 10 years.

In the last year, we’ve seen a significant shift in how the global financial ecosystem is thinking about new business models fueled by digital assets, and how this is playing a meaningful role in financial infrastructure.

BTC is bouncing right back from the support level. We all are highly anticipating BTC to reach $50k and if BTC continues to rally up then we will soon see it happening.
But here's the catch though. BTC is at the resistance right now. If it breaks down from the support then we might possibly see the price back to $46k level.
The daily close for BTC must be above $48k to continue the uptrend.

So, be careful with your trades and keep you SL close if you have taken any.

We will keep things updated.

BTC has reached $50k. A continuous rally will possibly lead the price to $52k anytime soon. If BTC breaks above the $52k level then we may have one step lead towards the new ATH. For this, all we need is a rally towards $52k, breakout and daily close above it.
On the other hand, as BTC is on a rising wedge pattern in 4 hours time frame, we might possibly see a rejection from $52k as well.

So, to let all the above scenario to come to reality, BTC must reach the $52k level.

Stay alert.

BITCOIN is now at $943 billion market cap.

$1 trillion incoming!🚀

BTC update.

BTC is pushing hard to keep up with the uptrend rally. The $52k rally is still valid as we have a strong support at the 21 MA. We may possibly see a bounce from this level. If BTC breaks the 21 MA then we still have another support at $48k.

Further break down from these two support will possibly bring the price back to $46k level.

We will be sharing the top 10 altcoins to invest in the coming days.

So, stay tuned.

MicroStrategy has purchased 3,907 bitcoins for $177 million in cash at an average price of $45,294 per Bitcoin.