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Bitcoin SV, BAT, FTX Token Price Analysis: 23 January

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Bitcoin SV was trading within a descending channel and selling pressure was likely to see it drop beneath an imminent level of support. Basic Attention Token broke out of a range and looked to flip another level of resistance to support. FTX Token saw a tussle between the bulls and the bears as it traded just above a crucial level of support.

Bitcoin SV [BSV]

Bitcoin SV, BAT, FTX Token Price Analysis: 23 January

Source: BSV/USDT on TradingView

Bitcoin SV was trading within a descending channel. This is a bullish reversal pattern, but only if the price breaks to the upside of the channel with a heavy-volume move. Till then, the channel boundaries and mid-point can be used to enter and exit trades.

The momentum has been with the bears over the past few days and this hadn’t changed, at the time of writing. The OBV was steadily declining to show that selling volume was on the rise. This could see BSV cede the $172-level of support to the bears.

Basic Attention Token [BAT]

Bitcoin SV, BAT, FTX Token Price Analysis: 23 January

Source: BAT/USD on TradingView

After rising above the range ($0.2-$0.27) highs at $0.27 a week ago, BAT began to move within a descending channel and even registered a candlewick as far south as the $0.224-level of support. The market’s bulls stepped in at this point and BAT saw a surge to the $0.32-level of resistance, a minor pullback at $0.35, and then another ascent to test the $0.335-level of resistance.

While the Stochastic RSI was in the oversold region, it did not signal an imminent pullback by itself. Finally, the RSI registered a value of 67 and highlighted bullish strength. This is likely to see BAT flip the $3.55-level of resistance to support in the coming days.

FTX Token [FTT]

Bitcoin SV, BAT, FTX Token Price Analysis: 23 January

Source: FTT/USD on TradingView

A hidden bullish divergence between the price and its momentum was spotted, and the MACD formed a bullish crossover in bearish territory to generate a weak buy signal. The Fixed Range Volume Profile showed that the Point of Control (PoC) for FTT lay at $9.65.

The price was above this mark and bulls would look to steer FTT past the $10.1-level to test the resistance at $10.5.

Closing under $9.65 again would likely see FTT revisit the $8.84-level of support.

Source: https://ambcrypto.com/bitcoin-sv-bat-ftx-token-price-analysis-23-january/

Amb Crypto

Miami Mayor dismisses Treasury Secretary Yellen’s criticism of Bitcoin

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Over the past few weeks and months, Miami and Mayor Francis Suarez have been working towards positioning the city as the country’s premier crypto-hub. “We want to be one of the most crypto-forward and technological cities in the country,” Suarez had said in a recent interview, with the comments coming on the back of reports […] Source: https://ambcrypto.com/miami-mayor-dismisses-treasury-secretary-yellens-criticism-of-bitcoin/

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FD7 Ventures launches $250M Micro-Fund in India for Cardano, Polkadot-based projects

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A few days after FD7 Ventures, a Dubai-based crypto-investment fund, made news after it announced its decision to sell its Bitcoin holdings worth $750M to buy more Cardano and Polkadot, the fund is in the headlines again. According to a press release, FD7 Ventures has now launched a $250M Micro-Fund in India to invest in […] Source: https://ambcrypto.com/fd7-ventures-launches-250m-micro-fund-in-india-for-cardano-polkadot-based-projects/

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Why Mark Cuban is looking forward to Ethereum’s use cases

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Entrepreneur Mark Cuban is in awe of Ethereum network and thinks that blockchain technology could be a game-changer for various industries. In a recent interview, Cuban said that it is the “simplification of smart contracts” on Ethereum that gets him “excited.” He said: Because now, all these SaaS companies, all these different companies, I could […] Source: https://ambcrypto.com/why-mark-cuban-is-looking-forward-to-ethereums-use-cases/

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Litecoin, EOS, Enjin Coin Price Analysis: 01 March

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Litecoin seemed positioned for additional losses after the long-term moving average closed in on the short-term line. EOS moved within a descending channel after finding support at $3.5. Lastly, ENJ went past a key resistance and saw its price rise on the charts. Litecoin [LTC] Losses in the last seven days amounted to over 25% […] Source: https://ambcrypto.com/litecoin-eos-ftx-token-price-analysis-01-march/

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