Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline. Read the weekly forecast
“If you were to wake one morning to find that crypto has been banned by the developed nations and it became worthless, would you be OK?” Frederick Stanield, a CFP with Lifewater Wealth Management in Atlanta, Georgia, told NextAdvisor recently.
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Redditors recommend buying SafeMoon on every dip. SafeMoon will continue to be appreciated by the buyers and sellers for trading on exchanges of the crypto market, with a solid increase in price showing a potential of $0.009 over this year. Reddit Community
Currently, the price of Safemoon is hovering around the $0.0000014 level. This is around 90% down from the heights the coin reached in April 2021.
The team is soon launching the network's revenue sharing program before launch of the staking process in late November. The announcement of these launches has sparked a lot of activities about the coin and has seen more people buying the token.
The name SafeMoon extends to “Safely to the Moon” and auctions itself as a Defi token. This getting to the moon expression was first presented with Dogecoin, and now SafeMoon follows it too. It is a decentralized money token that is like other cryptos such as Bitcoin and means to retouch the occurrence of unpredictability issues, in contrast to different currencies.
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An interesting element in the mix is that there is only one Fibonacci level that could give some issues, which is the 23.6% at $0.00000173. With that already broken on October 14 and 15, expect not much resistance there. The 50% Fibonacci level at $0.00000251 could also give some resistance as price emerges following the break out of the bullish triangle.
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Fig 8(A) shows many significant positive correlations between Bitcoin and Litecoin. This is an expected relationship given Litecoin is technically very similar to Bitcoin (Litecoin is essentially Bitcoin with faster block confirmations). Overall, there is no clear leader in the relationship. However during the interval of the late 2013 price bubble (where Bitcoin and Litecoin reached around $1000 and $40 respectively) it can be seen that Bitcoin is leading Litecoin (slightly downward facing arrows across all periods).
Despite this incident, crypto industry experts keep speculating about where Bitcoin's price is headed next with some suggesting it will soon hit $80,000. This past Friday, Bloomberg reported Bitcoin was headed for $80,000 to $85,000, while a crypto data expert said resistance at $60,000 would have provided the last buying opportunity before the coin would head for new all-time highs.
The funds gave him the ability to quit his job, which paid $68,000 annually, to stay at home taking care of his son and participate in online discussions about projects related to the memecoin. Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels
Dogecoin (DOGE), denoted by its immediately recognizable Shiba Inu mascot, is a variation on Litecoin.
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Fig 4. Wavelet coherence scalograms between online factors and price (with GSADF test bubble overlay) for Ethereum and Monero.
CryptoTV by CoinSwitch Kuber | Kavita Gupta, Founder - Delta Blockchain Fund, FINTECH.TV