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Showing posts with the label death cross

Brett Price Prediction: BRETT Plunges 9% As Investors Pivot To This Base Meme Coin Rival For Its 890% APY

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The Brett price plunged 9% in the last 24 hours to trade at $0.09029 as of 00:34 EST on trading volume that soared 52% to $39 million. Brett is one of the top-three trending meme coins on the Base ecosystem, according to Coingecko . This comes as the meme coins in the blockchain dropped almost 7% to a $1.2 billion market capitalization. Brett Price Aims For A Breakout The Brett price dropped in August to as low as $0.060, according to data from GeckoTerminal. The bulls then used this support to push the price of Brett through a markup phase to the $0.099 resistance. BRETT has since been trading within this range, supported by $0.089, and in a sideways pattern as the bulls aim for a breakout above the consolidation phase. The Relative Strength Index (RSI), after falling slightly below the 50-midline level, looks to be accumulating around level 40. This is a sign that the Bulls are getting ready to push Brett’s price up by adding to their positions. Brett Price Chart ...

Bitcoin’s Price Outlook Amidst Warning of a Potential Death Cross

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Recent price action has raised concerns that Bitcoin (BTC) could be poised for another decline, with the daily closing price indicating potential weakness. Bitcoin miners may be crucial in preventing a sharp plunge, provided the exchange flow remains stable. Benjamin Cowen, the founder of Into The Cryptovers, has suggested that Bitcoin could be heading towards a death cross . Cowen shared his Analysis on X (formerly Twitter), emphasizing that a death cross could lead to lower highs , which are already starting to manifest. A death cross occurs when the short-term Moving Average (MA) falls below the long-term MA, typically signaling price weakness in Bitcoin’s market chart. The presence of lower highs , where the closing price is lower than the high of the previous day, could further contribute to Bitcoin’s potential decline. Cowen had previously predicted lower highs for Bitcoin on September 12 when BTC was heading towards $27,000. However, Bitcoin’s price actio...