Bitcoin Bear Market Starts: Savvy Investors Turn to Digitap ($TAP) During $2 Million Presale Surge
Bitcoin Market Sentiment: Bitcoin has lost its 50-week moving average, leading to extreme fear in the market as indicated by a Fear and Greed Index score of 10, prompting retail investors to hesitate.
Digitap's Success: Despite the bearish market, Digitap has raised over $2 million in its presale, with its $TAP token increasing by more than 150%, showcasing strong demand for its omni-banking app that integrates both crypto and fiat.
Utility in Altcoins: The current market favors altcoins with real-world utility and cash flow, positioning Digitap as a strong contender due to its innovative approach to payments and remittances, which are expected to thrive even in a risk-off environment.
Investment Opportunity: With a fixed supply of $2 billion for the $TAP token and a commitment to buy and burn tokens using 50% of platform profits, Digitap presents a potentially undervalued investment opportunity as it prepares for a confirmed listing price of $0.14.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36072.728 | 48036.364 | 60342.748 | 72306.384 | 84612.768 | 96576.404 | 108882.788 |
| Fibonacci | 48036.364 | 57307.512 | 63035.236 | 72306.384 | 81577.532 | 87305.256 | 96576.404 |
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