USDCAD facing strong bearish resistance around price 1.4500. With multiple rejections already and the break of this 4hr trendline. We can capitalize on a potential 150+ pips to the downside. Trade cautiously!!
early buyers were punished but I think we now can bounce and I explain why everything looks to be lining up for that. If we go lower, I'm wrong. I expect a target of 5700 minimum.
Key Support Holding Strong Over the past six weeks, the 60% level on the BTC.D chart has acted as strong support, preventing further downside. Bitcoin dominance now appears to be climbing, with a potential move toward the 66%-72% resistance zone in the coming weeks. Potential Market Implications A rise in BTC.D typically signals weakness in the altcoin market, as capital shifts away from riskier assets into Bitcoin. If BTC.D reaches and rejects the 66%-72% resistance, it could trigger an altcoin recovery, similar to what happened in January 2021, when a rejection in this zone led to a massive altcoin rally. Key Levels to Watch Support: 60% (holding for 6 weeks) Resistance: 66%-72% (historical rejection zone) A break above 72% could suggest continued Bitcoin dominance, delaying any significant altcoin resurgence. Conversely, a rejection at 66%-72% could mark the beginning of an altcoin season, as liquidity rotates back into alternative assets. Conclusion Short-term: BTC.D appears bullish, with altcoins under pressure as dominance climbs. Mid-to-long term: The 66%-72% resistance zone will be pivotal—a rejection could reignite the altcoin market, while a breakout would strengthen Bitcoin’s dominance even further.
Rising in importance in the Bitcoin ecosystem, stablecoins, digital assets linked to stable assets like fiat currencies, offer stability among volatility.
StoneX Group has announced that it will acquire The Benchmark Company. The deal strengthens its capital markets division with an established investment banking and research firm. Benchmark, founded in 1988, provides institutional brokerage and advisory services. Richard Messina, its CEO, will remain in his role and oversee operations under StoneX. “A high-level equity research and […]
As authorities apply more rigorous monitoring policies, Australia's crypto landscape is changing dramatically.
Japanese startup Sakana said that its AI generated the first peer-reviewed scientific publication. But while the claim isn’t untrue, there are significant caveats to note. The debate swirling around AI and its role in the scientific process grows fiercer by the day. Many researchers don’t believe AI is quite ready to serve as a “co-scientist,” […] © 2024 TechCrunch. All rights reserved. For personal use only.
Garantex co-founder Aleksej Besciokov was arrested in India's Kerala on Tuesday under the country's extradition law. © 2024 TechCrunch. All rights reserved. For personal use only.
Enterprises have troves of internal data and information that employees need to complete their tasks or answer questions for potential customers. But that doesn’t mean the right information is easy to find. Onyx wants to solve that problem through its internal enterprise search tool. There are other big names in the category, like Glean — […] © 2024 TechCrunch. All rights reserved. For personal use only.
A recurring theme in Europe’s tech world is that the region needs its own Google or Microsoft. Now comes the launch of a new fund to support this initiative. Project Europe — a new fund for founders “solving hard problems with technical solutions” — says it has initially pulled together $10 million from 128 different […] © 2024 TechCrunch. All rights reserved. For personal use only.