💹 IBIT Surges 5.62% to $36.28! Is This the Start of Bullish Momentum for Bitcoin ETFs? 📈✨

Technical Analysis

The iShares Bitcoin Trust (IBIT) closed at $36.28 on August 23, 2024, marking a significant increase of $1.93 (5.62%) from the previous session. The stock has demonstrated strong momentum, evident in its recent high of $36.44, close to the $38.34 resistance level. The RSI14 of 67 indicates the stock is nearing overbought territory, suggesting potential short-term volatility.

The stock's performance over the next trading day (August 26, 2024) may continue to benefit from the positive sentiment surrounding Bitcoin, particularly following Fed Chair Jerome Powell's signals about potential interest rate cuts, which typically support Bitcoin pricing. The average trading volume of 51.06 million far exceeds the 26.23 million average, pointing to heightened investor interest.

🚀 Unlock Exclusive Insights on IBIT: Get deeper analysis and expert views on IBIT's latest market trends before you read on. Click Here to Dive In 🌟

However, the MACD value of -1.59 suggests lingering bearish sentiment over a longer timeframe, despite recent gains. With an ATR of 4.63, investor volatility expectations remain high. Support is identified at $33.77, providing a cushion against potential pullbacks.

Fundamental Analysis

With a market capitalization of approximately $23.85 billion and no earnings per share due to its structure as an ETF, IBIT's valuation primarily hinges on the performance of Bitcoin. Recent news reports underscore heightened institutional interest, particularly following the approval of spot Bitcoin ETFs. Notably, prominent hedge funds have shifted their investments toward the iShares Bitcoin Trust, indicating a potential influx of capital and increased demand for the underlying asset.

The intrinsic value of IBIT can be tied closely to Bitcoin's market movements. The year-to-date low is at $22.02, representing a substantial upside for long-term investors, given the current close at $36.28 and the recent all-time high seen in Bitcoin. The ongoing halving event may further tighten supply and support upward price movement.

Looking at the upcoming week, the expectation is that further bullish momentum could arise if Bitcoin maintains above the $59,000 threshold, with the ETF market demonstrating strong growth through record launches in 2024, pushing demand for IBIT.

Intrinsic Value and Long-term Investment Potential

The intrinsic value of IBIT reflects the underlying movement of Bitcoin and its adoption rate in the financial markets. Assuming continued regulatory support and increased institutional adoption, IBIT is positioned for long-term growth as more capital flows into cryptocurrency assets, particularly through ETFs. While current valuations demonstrate volatility risk, the structure of IBIT suggests potential for significant upside if Bitcoin trends favorably.

Overall, while speculative in nature, the long-term performance of IBIT remains correlated with the broader acceptance and integration of digital assets into the financial ecosystem.

Overall Evaluation

The analysis culminates in categorizing IBIT as a 'Buy' candidate. The recent technical metrics show [...]

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PRESALE ACTIVE | Bitnance Token | BNB Chain Store Of Value Asset | Token Cost: US$0.358 | Nearly 65,000 Tokens Sold (crypto posts are banned here)

🚀 Introducing Bitnance

A fully decentralized (0% ownership) Store of Value Token!

! Just Passed it's Smart Contract Audit !

🔍 Token Info:

Token Name: Bitnance

Token Symbol: $BTN

Where to Buy: www.Bitnance.net

Token Type: BEP-20

Blockchain: BNB-Chain aka Binance CHain

ICO Token Price [Opening Round]: US$0.357

ICO Available Tokens: 5,600,000

📈 Why Bitnance Might Interest Investors:

Bitnance is a store of value on crypto’s top blockchain and addition to the world’s biggest crypto ecosystem.

Decentralization: Ownerless, secure, and resistant to central manipulation.

Capped Total Token Supply: Only 10M tokens will be minted. Low TTS rejects fiat inflation issues.

Professional Marketing Plan: Tokenomics aligns well with those of tokens that tend to soar [increase value] on listing day. At minimum, a chance to get fast ROI before Christmas.

If listed on Uniswap: Could reach a 1000%+ increase in value if it debuts on top DEX, Uniswap. If it can make it to 100k in token sales, i believe this can sell out.

💡 What Makes It Stand Out?

Traders want to combat Bitcoin fees; this adds another optional solution. Also, there’s a crypto product that’s suggested as to be released in conjunction with Bitnance. Could it be a blockchain? If so, this token’s value will be a 10x gem with ease.

💰 Current Status:

As of today, nearly 61,000 tokens have been sold, valuing approximately US$21,924.

🛒 How to Buy:

To purchase Bitnance (BTN) at presale price, visit the official website Bitnance.net.

Purchase tokens using Binance (BNB) Coin, Ethereum ($ETH), Tether ($USDT), or credit card.

📅 Upcoming Events:

The token is set to debut on its first DEX after this presale ends, December 1st or within 30 days of reaching its hard cap. The Listing Day Price is expected to be US$0.456.

📰 Notable Mentions:

Check out some reputable sources that have covered Mollars:

This has been featured on at least 10 sites I've counted. Here's a few links!

ZyCrypto:

https://zycrypto.com/binances-bnb-coin-predicted-to-reach-640-as-bitnance-token-presale-tops-60000/

Crypto-News-Flash:

crypto-news-flash.com/the-new-bitcoin-on-bnb-chain-bitnance-token-ico-presales-gush-upward/

Coinpedia:

coinpedia.org/sponsored/kaspa-coin-price-spikes-holders-migrating-profits-to-bitnance-presale/

Captain alt Coin:

captainaltcoin.com/kaspa-tron-coins-prices-soar-but-could-go-higher-holders-using-profits-to-buy-a-new-token-presale-of-2024/

CryptoNews:

cryptonews.com/news/ethereum-tether-coin-traders-now-buying-bitnance-token-too.htm

🌐 Final Thoughts:

Easy return on investment. Those investing in presale will be safe or a solid profit.

Nothing much needs to be said. Audit adds security, no RPs.

The marketing says it all. Get it now while you can. Tip me later!

Hugewin Casino the game changer in crypto gambling industry.

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https://preview.redd.it/c0s6iziqqkkd1.png?width=941&format=png&auto=webp&s=4c1e3a23d4087be17ebef7be3024bbc9e980e296

Hugewin has set out with the vision of becoming the largest online casino in the world, and along with its strong team of experts, its main wish might come true in no time. Developed based on a well-established roadmap, Hugewin is a user-centered platform that provides a wide range of games and sports for betting. 

Hugewin focused on while developing its platform is providing remarkable accessibility. Thus, users can gamble with multiple cryptocurrencies, including Bitcoin (BTC), Tether (USDT), and Ripple (XRP). Furthermore, HugeWin offers instant deposits and withdrawals, which can represent a key factor in choosing the platform. 

When it comes to giving, Hugewin already knows how important it is to keep users incentivized by offering them various special bonuses, events, and promotions. Thus, the project plans on rewarding its users as often as possible through engaging events and limited offers. 

The crypto casino organizes two main tournaments: Monthly Turnover Tournament and Weekly Multiplier Tournament. While the weekly tournament has a total prize pool of $10,000, the monthly event comes with a surprising prize of $100,000. The rewards are distributed according to leaderboards, and each event includes various games users can play to join the race. Each event will reward 100 users with the highest turnover. 

Furthermore, Hugewin has developed four types of jackpots: Mega, Major, Minor, and Mini. Each jackpot comes with various benefits, and all events are available to all HugeWin users, regardless of their evolution on the platform. All users have to do to win jackpots is play the casino games provided. 

In regards to bonuses, Hugewin currently offers five types of bonuses. Users can get up to 15% daily cashback if they play live casino games or slots. Sports bettors can get a 5% discount for any sport without wagering requirements. 

Each Wednesday, players can get a 25% bonus for their deposits, this offer being available for all slot games. Besides, all deposits have a chance of coming with a 5% deposit bonus, regardless of the deposit method used.  Hugewin is just getting started, having many other special offers and events planned for its users.

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