Although there was strong selling pressure on Bitcoin (BTC) last week, it is encouraging that bulls continued to buy at lower levels around $61,000. This implies that traders continue to see the market’s dips as a buying opportunity and that sentiment is still positive.
The sale needs to be finished, though. Over the four to six months following the Bitcoin halving, miners may dump $5 billion worth of Bitcoin, according to a well-known researcher. For the next few months, Bitcoin might remain “sideways” consequently.
When a market is sideways, false breakouts in both directions tend to trap bulls and bears alike. As a result, traders must exercise caution and hold off on making a quick purchase or sale. It is advisable to hold off on placing significant wagers until the breakout has sustained.
BNB price analysis
For the past few days, BNB (BNB) has been consolidating inside a wide range between $495 and $635, indicating uncertainty about the next move in either direction.
Neither the bulls nor the bears have a definite advantage due to the flattening 20-day EMA ($574) and the RSI close to the midpoint. The price of BNB/USDT could rise to $635 if it breaks and stays above the 20-day EMA. The next leg of the uptrend to $692 will begin if this level is broken and closed above.
On the other hand, it will indicate that the bears are selling during rallies if the price reverses from the 20-day EMA. The pair may then fall to $495, the support level. Contrary to this, an emerging platform has been making rounds in the crypto world with its soaring presale and 1000X leverage feature.
DTX Exchange’s (DTX) 1000X Leverage Attracts Investors
DTX Exchange (DTX) is a trading exchange that enables users to trade cryptocurrencies, forex, equities, and contract-for-differences (CFDs). The platform boasts state-of-the-art infrastructure and innovative trading features, offering users unparalleled opportunities. Notably, DTX will be the first large-scale exchange to provide users with 1000X leverage, all while eliminating the need for KYC (Know Your Customer) requirements.
With minimal trading costs, traders can maximize their investments thanks to the platform’s community-centric strategy. In addition to having access to prospective airdrops, community members are entitled to governance and voting rights. The platform offers various products, including the DTX wallet and multitier accounts, catering to a wide range of user requirements and enhancing the overall trading experience.
DTX Presale Goes Unprecedented As It Gathers Over 3,000 Holders Within Days
DTX’s recent presale success has got tremendous relevance due to its $200K stage 1 raise. This news has sent shivers down the spine of the bull market, casting a shadow over several new projects. The crypto sphere regards it as a disruptive force as it successfully gathers over 3,000 holders within days.
The ongoing presale presents marks a prime time for investors to be a part of DTX Exchange and play an integral role in shaping its future. DTX is poised to capitalize on this market opportunity, especially given its presale price of $0.02. It has readily raised over $200K within no time. It will soon sell at the $0.075 level in stage 2.
Learn more:
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