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Bitcoin falls below $96,000, down 1.73% in 24 hours


According to the data, in South Korea, 93% of cryptocurrency transactions are in altcoins, and only 4% are in Bitcoin. In contrast, in the U.S., Bitcoin accounts for 29.5%.




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Cambodia Blocks 16 Cryptocurrency Exchanges Including Binance and Coinbase‼️


Bitwise CEO: In a Bull Market, Project Teams and Liquidity Providers Should Shift Mindset to Pursue Higher Market Caps 🐂


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#LINKUSDT The period between May 2022 and October 2023 is the first accumulation after the bear market, then we have the first bullish breakout or relief rally, the end of 2023 and the beginning of 2024. Now we saw a correction and everything stopped, won. Don't make new lows, for the market to be technically bullish it has to make a higher low to continue up, you can see this clearly on the chart.

Now think of $86 and the current price and you have a target of 535%. And this is a conservative price, thinking about what Bitcoin is doing, early in the game, tells us that prices will go much higher by the end of the next bull phase.

For LINKUSDT, we can consider even 130, 178 (1200%) or more, 224.


#ALGOUSDT After breaking the downward trend line, the price broke the bearish scenario of the last few months and the trend has entered its upward rally. Currently, the price has managed to break the resistance of the downward trend above the ceiling of 0.1470.

It is expected that the price will correct a little and correct to the support range of 0.1056 - 0.1244 and then the price will start the upward movement.


#COTIUSDT is showing bullish momentum after successfully breaking through its descending resistance. The price tested the demand , a critical area to watch. If the price manages to rally from here and breaks above the 0.14900resistance level, we could see a significant shift in market structure, leading to a strong upward movement toward major resistance targets.


#LPTUSDT is now reaching a critical tipping point. The price is approaching the demand zone at $8.850 within the descending channel, where it must gather enough liquidity for a significant push. But don’t get too excited yet—this bullish attempt has one major hurdle to clear: the internal resistance at $16.500.


Bull-Bear Market Cycle Indicator:

▪️The bull/bear market cycle indicator is a momentum metric.

▪️It measures the difference between the P&L Index and its 365-day moving average.

▪️Bull cycle - indicator above 0.

▪️Bear cycle - indicator below 0 and below its 365-day moving average.

▪️Most of the returns of bitcoin are made when the indicator is above 0 (bull market cycle).

▪️Prices enter into bear mode when the indicators switch from Bull to BEAR.


#KNCUSDT is showing promising bullish momentum. But before we get too excited, let’s dive into the crucial levels and scenarios to determine the next probable move.
KNC rallies from here and breaks the $0.5000 resistance level, we might witness a notable shift in market structure, potentially propelling the price toward higher resistance targets.


For this rally to gather real momentum, #AVAX must clear the minor resistance at $30.00. If the bulls manage to push past this key level, we could see a stronger surge toward the next major resistance .

A break below $18.8 would shift the control back to the bears, likely leading to a deeper correction and dashing hopes for a bullish recovery in the near term.


#UMAUSDT

The $1.500demand zone as the first major target for the move downward. Should the market continue to struggle, there's a possibility of reaching even lower levels, with our final target positioned around a stronger support area.

On the other hand, if the price manages to close above $2.830on the daily chart, the bearish outlook will be invalidated, and the market could resume its bullish trend.




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