* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

    The latest on Williams-Brice Stadium renovations, entertainment district – On3

    Discover the Thrilling New Upgrades Coming to Williams-Brice Stadium and Its Vibrant Entertainment District!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

    Bama Dining Serving Up New Food, Entertainment – UA News Center

    Bama Dining Launches Thrilling New Food and Entertainment Experiences

    The latest on Williams-Brice Stadium renovations, entertainment district – On3

    Discover the Thrilling New Upgrades Coming to Williams-Brice Stadium and Its Vibrant Entertainment District!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Denver man receives pacemaker using new technology – CBS News

    Denver Man’s Life Transformed by Revolutionary Pacemaker Technology

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Morgan County Rescue Squad is using new technology to recover people missing in the water faster – WAFF

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Bitcoin (BTC) Plummets After Testing $71,500 – Is it the End of the Bullish Ride?

May 25, 2024
in Technology
Bitcoin (BTC) Plummets After Testing $71,500 – Is it the End of the Bullish Ride?
Share on FacebookShare on Twitter

Since the start of the week, the entire crypto market has been on a rollercoaster ride, with Bitcoin at the centre of the volatility. On May 21, the coin saw a massive rally that briefly breached the $71,500 resistance level. However, after a few minutes, BTC started dropping. 

According to the daily chart, the coin slumped to $66,500 yesterday, causing the liquidation of many positions. BTC is exchanged for $67,767, down by almost 1% in the past 24 hours.

Despite this drop, analysts are still bullish on the coin, encouraging everyone not to worry about price decline.

Analysts Ignore Bitcoin Dip, Predicts Massive Upswing Ahead

Several prominent analysts have voiced their confidence in Bitcoin’s ability to regain momentum and embark on an upward trajectory. One such analyst, Jelle, took to X (formerly Twitter) to highlight the similarities between Bitcoin’s current price action and the 2017 bull run. 

Jelle asserted that once Bitcoin breaks above its 2021 all-time high of $69,000 again, it could trigger a parabolic move to the upside, potentially propelling the cryptocurrency to the $100,000 milestone.

In another post on May 23, 2024, he noted that all key resistance levels had been convincingly breached, further reinforcing the bullish narrative. He supported this view by highlighting a specific pattern on Bitcoin’s price chart known as “weekly hidden bullish divergence.”

In another post, a crypto trader and analyst, mags agreed with Jelle’s positive outlook. According to the analyst, the recent drop in price is just a temporary trick, and the price will soon start going up again.

Further, Mags pointed out that Bitcoin often shows a pattern where its price stays stable within a certain range for several weeks or months. Then, a sharp drop below this range occurs, tricking traders into betting on the price falling.

But soon after, the price quickly recovers and moves back up, leading to significant upward momentum. This cycle often leads to further price increases. If Bitcoin adheres to this pattern, Mags believes a “massive leg up” is imminent.

BitQuant, another prominent crypto analyst, also said the dip is insignificant. The analyst characterizes it as a “good confirmation,” which indicates that the market is gearing up for a “big leg up.” 

BitQuant’s predictions match Jelle and Mags’s positive views. The analyst believes that Bitcoin’s price could surge as high as $95,000 during its expected upward move.

Bitcoin Analysis: Technical Indicators Signals Bullish 

Bitcoin (BTC) Plummets After Testing $71,500 – Is it the End of the Bullish Ride?

Bitcoin is currently showing some bullish signs on the chart above. The coin is positioned above the 50-day and 200-day SMA indicators. This is generally considered a bullish signal.

Also, it shows that despite the bearish sentiment, the bulls are still in control for longer. In addition, the MACD is above its signal line, which is considered a bullish signal, too.

Based on these indicators, Bitcoin’s momentum favours the bulls, meaning a reversal could soon occur. But know that sometimes, things don’t go as planned in the crypto space. So, apply proper risk management.

While waiting for Bitcoin’s reversal, investors and traders should consider this new AI-powered meme coin.

AI Meme Coin Trend Surges, WienerAI Presale Nears $3 Million

One interesting trend in cryptocurrency is the popularity of AI-themed joke coins. This year, AI (artificial intelligence) has become a big trend in cryptocurrency. 

The market for AI-related cryptocurrencies is now worth nearly $25 billion. The excitement grew even more when OpenAI introduced its newest development, ChatGPT-4o, earlier this month. 

After this announcement, investors everywhere wanted to get involved in AI-related cryptocurrencies. A new one called WienerAI, which mixes wiener dogs with artificial intelligence, is getting much attention. WienerAI’s early sale is almost $3 million, showing that many investors believe it could succeed.

WienerAI: AI-Powered Trading Bot & Meme Coin

WienerAI features sausage dogs with AI capabilities. Despite its playful design, it is a smart trading bot with actual uses. This bot helps users find the best buying opportunities in the crypto market based on their needs and risk levels. 

For example, if a user wants to discover promising new coins, WienerAI can quickly scan thousands of tokens and trading pools. It uses real-time data to find the best options and then explains why it chose them. Users can then easily trade these recommendations without any extra fees. 

WienerAI also offers a staking option, which means users can earn rewards by holding their tokens. According to the site, stake users can gain a yearly return of 367%. Combining advanced technology with a fun concept, WienerAI has quickly built a large, loyal community of fans.

WienerAI: The Growing Hype Around a Fun AI Meme Coin

The excitement for WienerAI is growing fast. Its ongoing presale has already raised over $2.8 million and is close to reaching $3 million. During the presale, early supporters can buy WAI tokens for just $0.00071 each. Of the 69 billion WAI tokens, 30% are available for presale investors. 

Another 40% is set aside for rewards and community incentives once WienerAI is available. The limited token supply and rewards have many people thinking that WAI could become valuable.

Furthermore, the developers want to ensure everything is secure, so they hired a respected auditor, SolidProof, to check the token’s security. SolidProof found no problems, giving WienerAI a level of transparency that many other meme coins don’t have.

Overall, things look very positive for WienerAI, which has become a strong contender in the presale market with over 9,300 followers on the X platform. Visit WienerAI’s official site to take part in the ongoing presale.

The Tech Report - Editorial ProcessOur Editorial Process

The Tech Report editorial policy is centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written by real authors.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TechReport – https://techreport.com/crypto-news/bitcoin-btc-plummets-after-testing-71500-is-it-the-end-of-the-bullish-ride/

Tags: Bitcoinplummetstechnology
Previous Post

Parliamentarians warn of UK election threat from Russia, China and North Korea

Next Post

Detained Binance Executive Collapses During Money Laundering Trial in Nigeria

A Home at the End of the World – atmos.earth

Discover Your Sanctuary: A Home at the End of the World

August 23, 2025
CWI officially opens new Health and Science Building – Idaho Business Review

CWI Unveils Cutting-Edge Health and Science Facility Transforming Education

August 23, 2025
Scientists found the missing nutrients bees need — Colonies grew 15-fold – ScienceDaily

Breakthrough Discovery: Key Nutrients That Supercharge Bee Colonies by 15 Times

August 23, 2025
If boomers did these 7 things today, they’d be called “toxic” by millennials – VegOut

If boomers did these 7 things today, they’d be called “toxic” by millennials – VegOut

August 23, 2025
Why Technology Will Never Take Over Completely – Patheos

Why Technology Will Never Completely Control Our Lives

August 23, 2025

Paulina Ruiz Clinches Gold for Colombia in a Thrilling Triumph

August 23, 2025
Putin wants to attend 2026 FIFA World Cup in the U.S. “very badly,” Trump says – Axios

Putin Eager to Attend 2026 FIFA World Cup in the U.S., Says Trump

August 23, 2025
How the semiconductor boom and ASU are transforming Arizona’s economy – ASU News

How the semiconductor boom and ASU are transforming Arizona’s economy – ASU News

August 23, 2025
From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

August 23, 2025
Luther College to host discussion exploring links between soil and food health – Luther College

Luther College to host discussion exploring links between soil and food health – Luther College

August 23, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (786)
  • Economy (806)
  • Entertainment (21,685)
  • General (16,630)
  • Health (9,846)
  • Lifestyle (819)
  • News (22,149)
  • People (808)
  • Politics (815)
  • Science (16,019)
  • Sports (21,305)
  • Technology (15,787)
  • World (787)

Recent News

A Home at the End of the World – atmos.earth

Discover Your Sanctuary: A Home at the End of the World

August 23, 2025
CWI officially opens new Health and Science Building – Idaho Business Review

CWI Unveils Cutting-Edge Health and Science Facility Transforming Education

August 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version