RogueRig
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RogueRig
@roguerig.bsky.social
Crypto Enthusiast and decentralisation maximalist
The market started moving as expected on Monday, with Bitcoin experiencing another surge and reaching the resistance area. However, the price is facing heavy selling at this level and is struggling to break through. It remains to be seen how BTC will react to this resistance.
March 4, 2024 at 9:27 AM
the recent introduction of Bitcoin ETFs has significantly bolstered demand from institutional investors, acting as a major sink for available supply. These ETFs have already absorbed over $9 billion in BTC, underscoring a strong appetite among institutional participants.
March 3, 2024 at 11:39 AM
Bitcoin continues to trade within the triangle pattern, approaching a crucial decision point. The support and resistance levels remain unchanged. Expect sideways movement over the weekend, with potential action unfolding on Monday as the triangle prepares to break.
March 2, 2024 at 7:45 AM
Bitcoin has recently experienced a surge in price, pushing it towards the $60,000 level. Currently, the price is trading above $60,000, which is a very positive sign. The Fear of Missing Out (FOMO) is also high, which has driven the price up to $64,000.
February 29, 2024 at 7:50 AM
The $51,500 level is emerging as a significant support zone, with nearly 500,000 BTC traded at this level. Notably, it holds the highest traded supply after the $42,500 mark.
February 25, 2024 at 1:07 PM
Bitcoin is maintaining the local support around the $50,500 area and has bounced back from there. We still anticipate sideways movement until Monday. It's advisable to avoid using high leverage, and you can consider trading within the range with tight stop-loss orders.
February 24, 2024 at 6:39 AM
There hasn't been any significant change in the market and it continues to move sideways. The support and resistance levels remain unchanged. Expect the same sideways movement in Bitcoin over the weekend.
February 23, 2024 at 6:48 AM
The ongoing battle between bulls and bears continues, with selling pressure persisting while bulls defend the crucial $50,000 level. This tug-of-war indicates a healthy contest in the market.
February 22, 2024 at 6:22 AM
The total volume of Bitcoin's Long-Term Holder (LTH) Supply currently stands at a loss of 777.8k BTC, with this figure decreasing as prices surge. Only 6.5% of the overall LTH supply is currently in the red.
February 20, 2024 at 8:03 AM
Bitcoin has once again surpassed the $52,000 mark. The market appears to be moving sideways, indicating potential volatility upon the opening of the global market.
February 19, 2024 at 7:00 AM
Bitcoin has broken the small triangle in a downward direction and is now heading for a retest. We will likely see a move towards the $50,000 level, and it remains to be seen how the price will react there.
February 18, 2024 at 6:53 AM
Bitcoin is currently displaying a pattern similar to what was observed after the market pump. It remains to be seen which direction the small triangle will break, which will determine the next move. As of now, the support level is in the range of $48,000-$50,000.
February 17, 2024 at 6:21 AM
Bitcoin is trading sideways around $52,000. The overall market is bullish, and altcoins are showing upward movement. The continuation of the upward movement will depend on whether BTC stabilizes above the $50,000 level.
February 16, 2024 at 7:12 AM
Bitcoin is experiencing a strong surge and has reached the $52,000 level. With significant FOMO (Fear Of Missing Out) building up and the market hyped, caution is advised.
February 15, 2024 at 6:24 AM
Bitcoin faced rejection at the $50,000 level and is currently trading below it. Significant selling pressure is observed at the $50,000 level. We anticipate a test of the local support area before the next significant move.
February 14, 2024 at 6:38 AM
Bitcoin has recently experienced a significant surge in price and has reached the $50,000 level. Currently, the price is trading near this key psychological level. If Bitcoin is able to sustain this level, then we may see positive momentum in the entire cryptocurrency market.
February 13, 2024 at 6:35 AM
Bitcoin is currently trading at a resistance area. On lower time frames, there is a small symmetric triangle that needs to be watched closely to see which side it breaks.
February 12, 2024 at 6:44 AM
According to HODL15Capital, nine spot Bitcoin ETFs have purchased 216,309 Bitcoins (worth $10.3 billion) in the 21 days since their launch, surpassing MicroStrategy’s current holdings of 190,000 Bitcoins.
February 11, 2024 at 8:52 AM
Bitcoin has climbed above the $48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $50,000. Additionally, $50,000 is a psychological barrier for traders.
February 11, 2024 at 6:18 AM
Bitcoin tested the resistance at $48,000 but failed to hold above it. We may see some sideways movement near the resistance area for the next 2-3 days. There is a possibility that the price may drop to $45,000 before the next move.
February 10, 2024 at 6:24 AM
After the challenging recovery since the FTX collapse, this indicator has advanced to 2.06, entering High Risk regime.

As noted, these levels are typically seen during early stages of bull markets, as long-term investors return to a relatively meaningful level of profitability.
February 9, 2024 at 4:53 PM
As the spot Bitcoin ETFs settle into more normal trading, GBTC has lost dominance in volumes. At the start GBTC accounted for over half of daily volumes across ETFs, but now accounts for ~30% and was trumped by IBIT last week
February 8, 2024 at 12:59 PM
Bitcoin has moved as anticipated following the breakout, and it is currently trading near the $45,000 resistance level. The reaction at this resistance area will be crucial to determine the next course of action.
February 8, 2024 at 8:33 AM
Since the implementation of EIP-1559 in early August 2021, a total of 3.97M ETH, equivalent to $10.98B, has been burned
February 7, 2024 at 12:27 PM
POS blockchain Hedera has announced a five-year partnership agreement with the Saudi Ministry of Investment worth $250 million. Hashgraph Association launches DeepTech Venture Studio to develop technology solutions for local Saudi companies, including AI, blockchain and more.
February 6, 2024 at 1:41 PM