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Publicly Traded U.S. Crypto Miners Double Bitcoin Holdings to Almost 100K in a Year!
Bitcoin holdings for public U.S.-listed companies have more than doubled since January 2024. Crypto miners' shares have generally risen since the start of the year.
Bitcoin remains above key support levels, maintaining a bullish market structure. Market stress is relatively low, reflected by historically small unrealized losses. 🚀 Is the next leg up on the horizon?
According to PeckShieldAlert, 2024 has witnessed a significant resurgence in crypto-related hacking activities, with the total value of losses exceeding $3.01bn, reflecting a ~15% increase over the $2.61bn stolen in 2023.
This total includes $2.15bn stolen from crypto hacks and $834.5m stolen from scams, with approximately $488.5m worth of stolen cryptos recovered.
$BTC is currently maintaining its daily support level. The recent doji candlestick formation served as a strategic trap for short traders anticipating a head-and-shoulders breakdown. Simultaneously, it liquidated long traders who had stop-loss orders placed just below the support level.
PYTH is consolidating within an ascending broadening wedge pattern and is currently trading above the support trendline. A potential bounce could occur if the price breaks above the 100MA, which is acting as a resistance.
However, the Ichimoku Cloud is signaling bearish momentum. A breakdown of the pattern could lead to further downward movement.
Bitcoin BTC extended its recovery on Jan. 13, with the bulls challenging the crucial overhead resistance at $100,000. Risk assets received a boost following the latest Consumer Price Index report, which was lower than economists’ expectations.
ARK Invest said in “The Bitcoin Monthly” report that Bitcoin’s monthly volatility in December was relatively low compared to its yearly volatility, suggesting that Bitcoin has not reached the mania phase yet. That signals a further upside in 2025.
Another bullish projection was from CryptoQuant, which said in its latest weekly report that “favorable regulatory, monetary and cyclical conditions” could keep the capital flowing into Bitcoin, pushing its price to at least $145,000 in 2025.
Bitcoin experienced a strong bounce after reaching a new low, breaking the $95,000 level in the process. This is a positive indication, and we may see a continuation of the upward movement. It appears that the downward trend has concluded, and with Trump's inauguration set for next week, we can expect more positive sentiment in the market.
Price is currently fluctuating between the support and resistance areas. This is a no-trade zone, and it is better to wait for a test of the support area or a breakout above the resistance area.
That's right! We're nearing $9 million in trading volume in just 20 hours since our call! We've reached a peak market cap of $4 million, resulting in a total return of 426X!!
$BTC is currently maintaining its daily support level. The recent doji candlestick formation served as a strategic trap for short traders anticipating a head-and-shoulders breakdown. Simultaneously, it liquidated long traders who had stop-loss orders placed just below the support level.
The China Finance 40 Research Institute acknowledged the evolution of crypto, citing how it spawned three categories: store of value, utility tokens, and stablecoins.
As of December 28, 2024, crypto had a market value of around $3.43tr, equivalent to 5% of the U.S. and 35% of the Chinese stock markets.
China's strict anti-crypto stance was solidified in April 2017, amid the ICO bubble, when it ordered all types of token issuances to be halted.
ROSE is consolidating within a symmetrical triangle pattern and is currently trading near the middle of the formation after facing rejection at the resistance trendline.
The Ichimoku Cloud indicates bearish momentum at this stage. A decisive breakout or breakdown is needed to confirm the next directional move.