Big push up loading will resistance break up.

19.10.2023

Dear traders,

Bitcoin is preparing to break 29k strong resistance is there any buy volume to break strong resistance.

Jake
TOP Trader

BTC retest 29k$ resistance but it is still strong for bigger push up. In mid term BTC price action is still bullish and break above old resistance 29k$ could mean big breakout to 32k$ or bigger.

ETH has surged from the $1,550 support level and needs to breach the $1,630 resistance on a daily basis for a significant upward push. However, there is still a risk of a significant downturn and bearish momentum.

XRP has rebounded from its $0.48 support level and must now surpass the strong resistance at $0.50 to trigger a larger upward movement.

LINK is displaying bullish momentum, but it must maintain support above $7.5 for a more substantial upward push. Currently, it faces strong resistance at $7.5 on a daily closing basis.

SOL is demonstrating bullish momentum and is attempting to break through the formidable $24 resistance level. However, it still lacks the necessary buying pressure to overcome this strong resistance.

EOS is still grappling with a strong resistance level at $0.6 and needs to hold above it to facilitate a larger upward move. Achieving a sustained price increase depends on a significant surge in buying volume.

LTC is currently trading in the mid-range around $65 and is struggling to gather enough buying momentum to break through the $70 resistance line.

DXY is losing momentum and needs to hold above 106.2 for a bullish continuation.

Crypto/stock daily news:

THE MOST EXPENSIVE OBJECT ON EARTH IS BEING USED TO MINE BITCOIN

Let me tell you about the Itaipu Dam.

(Btw – I’d tell you how to pronounce it, but every video I clicked on said it in a different way. So I guess we’ll all just sound like idiots trying to figure it out…)

It’s a hydroelectric dam
It’s located on the border between Brazil and Paraguay
It cost $27B to build
It has the Guinness World Record for “the most expensive object on Earth”

Here’s what it looks like:

Well, guess what…energy from the dam is now being used to mine Bitcoin.

Sazmining, a Bitcoin company, just opened up a 100% renewable energy facility in Paraguay
The mining facility will be powered by surplus power from the Itaipu Dam
The surplus energy will be bought instead of being wasted for a loss

The dam earns additional $$. And Sazmining gets cheap energy.

It’s a win-win for everyone.

BLACKROCK CEO: “BITCOIN IS A FLIGHT TO QUALITY”

Larry Fink is the CEO of BlackRock – the largest money manager in the world.

$9,000,000,000,000 in assets under management (AUM). Yup, 9 gazillion dollars…

And Larry Fink’s had a love-hate relationship with Bitcoin over the years.

Rewind to 2018 and he was saying stuff like…

Bitcoin is an index for money laundering – that’s all it is
None of BlackRock’s clients were interested in Bitcoin

Fast forward to today and he’s saying stuff like…

Bitcoin is digital gold and could revolutionize finance
Lots of BlackRock’s clients around the world are interested in Bitcoin

Larry is changing his tune like it was a Kidz Bop album.

Well, check it out. This recent clip of Larry on Fox earlier this week is going viral. In it, he calls Bitcoin a “flight to quality”.

P.S. – turns out “flight to quality” is an actual term in the investment world.

This whole time I thought it was something Larry saw in his fortune cookie from Panda Express…

According to the Internet’s Bible of Finance (aka Investopedia.com), “flight to quality” is when investors move their money out of risky investments and into safer ones.

A common example is shifting money from stocks (higher risk) → bonds (lower risk).

Now, looks like our little ol’ Bitcoin is being added to the lower risk list.