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Bitcoin To Make A Massive Move ($80,000 or More).

Bitcoin is the first successful internet money based on peer-to-peer technology, by which no national bank or authority is engaged with the exchange and creation of Bitcoin money.

It was made by a mysterious individual/bunch under the name, Satoshi Nakamoto. The source code is accessible freely as an open source project, anyone can take a gander at it and be important for the formative cycle.

Bitcoin

Bitcoin is changing the manner in which we consider cash to be we talk. The thought was to deliver a method for trade, autonomous of any focal position, that could be moved electronically in a solid, irrefutable, and permanent way.

It is a decentralized shared web cash making portable installment simple, exceptionally low exchange expenses, ensures your personality, and it works anyplace constantly with no focal power and banks.

Bitcoin is intended to have just 21 million BTC at any point made, in this manner making it deflationary currency. Bitcoin utilizes the SHA-256 hashing calculation with a normal exchange affirmation season of 10 minutes.

Diggers today are mining Bitcoin utilizing ASIC chips committed to just mining Bitcoin, and the hash rate has shot up to PETA hashes. Being the primary fruitful web-based cryptography cash, Bitcoin has enlivened other elective monetary forms like Lite-coin, Peer-coin, Prime-coin, etc.

The digital currency then, at that point, took off with the advancement of the truing-complete shrewd agreement by Ethereum which prompted the improvement of other astonishing tasks like EOS, Tron, and even crypt-collectibles like CryptoKitties.

Market Cap
$1,177,912,230,889
₿18,863,175
24 Hour Trading Vol
$35,650,765,042
₿570,553
All Time Low
$67.81 92007.11733%
₿0.9989513
Circulating Supply
18,863,175
Total Supply
21,000,000
All-Time High
$67,277 -7.16425%
₿1.003301
BITCOIN Daily Market Chart
BITCOIN Daily Market Chart

Economic Event on BTC

Taproot Activation:

This opens up additional opportunities for protection, multi-signature wallets, and security just as scaling.

Taproot, the main improvement to Bitcoin’s convention in years, presently has sufficient mining backing to secure enactment.

As per the boundaries put forth by “Expedient Trial,” if essentially 90% of the squares mined in any of the assigned fourteen-day trouble periods “signal” their help for the redesign, then, at that point, the initiation cycle can start.

To be more exact: 1,815 out of 2,016 squares mined inside a period need to incorporate a little piece of encoded data that demonstrates that the diggers who mined those squares are supportive of the redesign.

During this second trouble period, at block 687284, that benchmark was met. When the trouble time frame closes on Sunday, it is possible Taproot will have secured with more than almost 100% of squares flagging conclusively in support of its.

Taproot is Bitcoin’s most expected redesign since Segregated Witness (SegWit) in 2017. Though the principal focal point of SegWit was scaling the Bitcoin convention, Taproot will equip Bitcoin with another mark plot known as Schnorr marks.

This little acclimation to the Bitcoin code opens up additional opportunities for protection, multi-signature wallets, and security, just as scaling.

Pair Observation

Pair on the 4 Hour time frame breaks the formation of a Bull Flag, A technical chart pattern diagrammed with two falling trend lines, One at the resistance and the other at the support.

BITCOIN Analysis by Chikwem Chinedu Ogugua on Liquiditytradeideas

It is separated by a brief consolidating retracement period, speculated by technical traders and analysts to be a bullish continuation chart pattern.

Conclusion

This illustrates that there is still support in the market although the unwinding of some large long positions and traders entering short positions looking for a reversal forces the price to drift in a downwards direction.

Precisely the market broke the of chart pattern and is currently consolidating though it is speculated to continue the upward move and Hit $80,000 on or before the end of December(Q4) 2021.

What are your thoughts on this trading idea? we’ll love to hear from you, pls let us know what you think in the comment session or our community forum thanks.

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4 Crypto Currencies With Promising Returns In October 2021

Here are the 4 crypto-currencies worth buying for potential returns in October. You can go through the to find the one that best suits you and invest for probably 10x return.

FTX Token(FTT)

FTX Token (FTT) is the exchange token of the FTX ecosystem and will be used as collateral for futures positions, getting deductions on trading charges, taking OTC rebates, and more. The FTX token trading platform ensures leveraged tokens, OTC, and futures trading, and plans to run the top crypto derivatives exchange in the blockchain world.

Market Cap:

$6,635,299,371
₿119,918

24-Hour Trading Vol:

$148,869,820
₿2,690

Circulating Supply:

$120,455,699

Total Supply:

$ 336,326,035

TOKEN2049 Hong Kong

Daily FTX Token(FTT) Crypto Chart

Uniswap

The Uniswap exchange is an automated market maker. This is a type of decentralized exchange that offers multiple pairs of tokens to be traded. Prices are set to use mathematical formulas, and trades are made using smart contracts. For this to work, the exchange has liquidity pools.


Market Cap:

$13,009,908,090

₿234,778

24-Hour Trading Vol:

$279,055,389

₿5,057

Circulating Supply :

$519,857,388

Total Supply:

$1,000,000,000

Uniswap Analysis by Chikwem Chinedu Ogugua on Liquiditytradeideas

Solana(Solu)

Solana is a web-scale blockchain that provides speedily, secure, scalable, decentralized apps and traffic. The system presently supports TPS ( Transactions per second) and 400ms Block Times.

The overarching purpose of the Solana software is to demonstrate that there’s a possible set of software algorithms using the combination to create a blockchain.

This would allow transaction increment to scale proportionally with network bandwidth satisfying all lots of blockchain scalability, security, and decentralization.

Moreover, the system is suitable to support an upper bound of TPS on a standard gigabit network and28.4 million taps on a 40-gigabit network.

Market Cap:

$45,905,686,446

₿829,342

24-Hour Trading Vol:

$1,313,732,747

₿23,733

Circulating Supply:

$299,564,277

Total Supply:

$488,630,611

News On Solana

Synopsis 2021

Economy Listing

WhiteBIT Listing

FLUX Launches SOL & TRX

Solana(Solu) Analysis by Chikwem Chinedu Ogugua on Liquiditytradeideas

FIlcoin

Filecoin is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data recapture method.

It’s made by Protocol Labs and builds on top of the Inter-Planetary File System, and to store the most important humanity information.

Market Cap:

$8,162,016,454

₿147,306

24-Hour Trading Vol:

$724,541,187

₿13,072

Circulating Supply:

$111,213,149

Total Supply:

$1,971,633,854

Events And News On Filcoin

FileCoin Integration

Filcoin Analysis by Chikwem Chinedu Ogugua on Liquiditytradeideas

Conclusion

Paying attention to these cryptocurrencies will be a nice decision since they are volatile and can generate a good profit within a short time. Feel Free to drop your suggestion in the comment section or forum.

Clear view of crpto technical analysis

Crypto SUSHI/USDT Market Analysis

It seems there’s an opportunity on SUSHI/USDT to jump in and make some descent profit off the swing for some smart traders. Lets look into it to know what the market has for us then..

Economic Data and events of Sushi


This is an immersive, agenda-setting annual summit which is hosted virtually by Messari. The meeting attracts crypto leaders, builders, operators and investors for 2- 3 days of future-focused collaboration, programming and networking.

Observation

Over some months market has been moving on a rocky downtrend making Lower highs and lower lows, Moreover price reversed after forming a chart pattern considered as ( Double bottom ), Conceived to breakout through the neckline, precisely with good bullish momentum.

Crypto SUSHI/USDT Market Analysis
4 Hour crypto-line chart

Sushi-swap is on the pullback this week

The price of Sushi-swap has fallen by $12.28 (-1.5%) within the past few days. the worth declined by 8.36% within the last 24 hours. in only the past hour, the worth fell by 0.71%. the present price is $12.28 per SUSHI.

Sushi-swap is -47.5029% below the all time high of $23.38. the present circulating supply is 192,789,256 SUSHI.

Total Supply:

  • 233,948,989

Market Cap:

  • $2,365,899,092

24 Hour Trading Vol:

  • $361,458,723

However from our above chart we can clearly see that the market has previously consolidated on that same level few days ago, so the market will bounce off the price level 10.026.

Moreover is we consider looking at the first chart above we will observe that the market is on a pullback which will eventually continue the uptrend.

Technical indicator

Adding to our stochastic indicator on H4 is currently within the oversold level which may be a key confirmation on the longer term direction of the market, ” All indicator are lagging but plays a special role in confirmation.”

Watching BTC/SUSHI might be a good idea for more information, and paying attention to any upcoming news on BTC.

conclusion

The market will likely bounce off the support zone10.026 or 9.800 and will rally up to test the (PFH), target. peak formation high(PFH). Feel free to drop a question or idea within the comment section below.