Bitcoin price eyes $26K ‘acceleration’ zone as Binance fears fade
” Long weekend is coming up with the bank vacation on Monday,” he told Twitter fans, referencing the June 16 Martin Luther King Jr. vacation in the U.S. “For Bitcoin, important area to break is $26K. If that breaks, well have some acceleration. #Bitcoin Low timeframe: Struggling to break the Weekly VWAP so far.You can clearly see how its declining price every time weve touched it.A break above, should lead to a next leg into the May lows around 25.8-25.9 K.Support sits at $25.3 K. pic.twitter.com/kIjeRdaMiN— Daan Crypto Trades (@DaanCrypto) June 16, 2023
Market signs up with Binance CEO dismissing France “FUD”June 16 meanwhile formed another screening day for major exchange Binance, with France releasing investigative proceedings hours after an announcement that Binance would quit the Netherlands completely over regulatory difficulties.Related: 3 Bitcoin rate metrics showing outrageous resemblances to 2020 breakoutMarkets appeared immune to the news, nevertheless, and in characteristic fashion, Binance CEO Changpeng Zhao, called CZ, called the France episode “FUD.””France, surprise (no innovative notice) on-site examinations of regulated services are the standard, for banks, and now for crypto too. The surprise visit for Binance France happened a number of weeks earlier. Its not news. Binance France complied totally,” he tweeted on the day. “Binance also isnt the only crypto business examined. This occurred to other popular crypto companies in Paris too. Binance France continues to be our flagship center in Europe.”BNB/USD 1-hour chartBinances internal token, BNB (BNB), appeared likewise durable, climbing to $240 on the day.Magazine: Bitcoin is on an accident course with Net Zero promisesThis short article does not consist of financial investment recommendations or suggestions. Every financial investment and trading relocation involves danger, and readers must conduct their own research study when making a decision.
” Long weekend is coming up with the bank holiday on Monday,” he informed Twitter fans, referencing the June 16 Martin Luther King Jr. vacation in the U.S. “For Bitcoin, crucial area to break is $26K. If that breaks, well have some acceleration. #Bitcoin Low timeframe: Struggling to break the Weekly VWAP so far.You can clearly see how its turning down rate every time weve touched it.A break above, must lead to a next leg into the May lows around 25.8-25.9 K.Support sits at $25.3 K. pic.twitter.com/kIjeRdaMiN— Daan Crypto Trades (@DaanCrypto) June 16, 2023
” This dip into $24,000 is a fantastic opportunity,” fellow trader Jelle composed in part of the days tweets, including that he was “all set for the booming market.” My strategy stays unchanged.I started buying around $16,500, and so long as we trade below $30,000 – I will continue to buy on pullbacks.This dip into $24,000 is an excellent opportunity.Bought more #Bitcoin – prepared for the bull market. pic.twitter.com/R78ZUu7SPI— Jelle (@CryptoJelleNL) June 16, 2023