Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result

Home » Whales Take Advantage Of Binance SEC Lawsuit; Analyst Forecasts Bitcoin Will Reach Its All-Time High In 2023

Whales Take Advantage Of Binance SEC Lawsuit; Analyst Forecasts Bitcoin Will Reach Its All-Time High In 2023

Hania by Hania
October 26, 2024
in General News
Reading Time: 3 mins read
A A
0
Whales Take Advantage Of Binance SEC Lawsuit; Analyst Forecasts Bitcoin Will Reach Its All-Time High In 2023
Share on FacebookShare on Twitter
ADVERTISEMENT

Whales Are Buying The Dip Amid The SEC’s Crackdown On Binance; An Analyst Predicts That Bitcoin Will Reach Its All-Time High in 2023. In the midst of the Binance SEC Lawsuit, market reactions remain strong.

Popular analysts forecast Bitcoin will experience a bullish reversal and reach an all-time high in 2023 as whales buy the dip.

The lawsuit filed by the US Securities and Exchange Commission (SEC) against the world’s largest cryptocurrency exchange, Binance, and its CEO, Changpeng “CZ” Zhao, didn’t end up with the expected massive liquidations or outflow. While Ethereum’s price continues to be above $1800, Bitcoin’s price has only fallen to $25800 from $26800.

Read more: Binance Lawsuit: The SEC Now Considers 61 Cryptocurrencies To Be Securities

The SEC influenced stock markets and the cryptocurrency and bitcoin mining industries, as Coinbase, MicroStrategy, Robinhood Markets, and banking stocks all suffered losses.

You May AlsoLike

Polymarket Bets

March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

March 1, 2025
Ethereum’s Pectra Upgrade

3 Essential Insights from Recent Developer Call on Ethereum’s Pectra Upgrade

March 1, 2025

Whales Are Buying The Dip Towards All-Time High Of Bitcoin

BTC and ETH declined by 5% due to the U.S. SEC’s lawsuit against Binance. Options implied volatility (IV), however, did not considerably rise and even decreased. In the past few days, whales have been using billions of dollars in options to short both price and volatility.

Whales Take Advantage Of Binance SEC Lawsuit; Analyst Forecasts Bitcoin Will Reach Its All-Time High In 2023

Like in the bull market earlier this year and during the bank credit crises, whales use the buying-the-dip returns technique.

According to renowned analyst Credible Crypto, the SEC’s lawsuit against Binance helped the price of Bitcoin reach its initial target. According to his forecast, the price of Bitcoin will only decrease during forced liquidations, but if it regains $27.5k, we will move toward new all-time highs.

Whales Take Advantage Of Binance SEC Lawsuit; Analyst Forecasts Bitcoin Will Reach Its All-Time High In 2023
Source: Credible Crypto

Bitcoin will see a squeeze up and a bullish reverse. More downside, though, will benefit from buying the dip. As soon as he reached his goal lows at $25.8k, he began buying spot BTC. The possibility of Bitcoin’s downside has been capped at $20,000 and won’t fall any lower. Whales will look to purchase at $25,000. Some have already begun to do so because the price didn’t fall below $25,000.

$BTC

Binance 4-hour chart.

Decent volume spike on the sell off today, but not even the largest selling we have said over the past month and a half.

April 26th and May 10th had more volume.

All things considered, not much #Bitcoin sold today on Binance. pic.twitter.com/wJpfHWfECX

— The Wolf Of All Streets (@scottmelker) June 6, 2023

BTC’s price is now at $25,766 after recovering from a 24-hour low of $25,445. Traders will target the 200-WMA as they attempt to drive the price above the critical support level of $24,800.

The price of ETH has increased by 3% in the past 24 hours, and it is currently trading at $1,814. The 24-hour low is $1780, and the 24-hour high is $1874.

Tags: BINANCE LAWSUITbtc priceethwhales
Share78Tweet49
ADVERTISEMENT
Previous Post

Binance Legal Battle With SEC Sparks Massive $700M Withdrawal

Next Post

Sparklo (SPRK) Positioned to Take Over the Crypto Market as ApeCoin (APE) And The Graph (GRT) Coin Prices Plummet

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Polymarket Bets
General News

March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

March 1, 2025
Ethereum’s Pectra Upgrade
General News

3 Essential Insights from Recent Developer Call on Ethereum’s Pectra Upgrade

March 1, 2025
Cramer Suggests Saylor Should Plan for a Strategic Bitcoin Reserve
General News

Cramer Suggests Saylor Should Plan for a Strategic Bitcoin Reserve

February 28, 2025
MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana
Crypto Wallets

MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

February 28, 2025
Bitcoin Bull Run Could Continue, says CryptoQuant CEO - Unless This Critical Threshold Is Breached
General News

Bitcoin Bull Run Could Continue, says CryptoQuant CEO – Unless This Critical Threshold Is Breached

February 28, 2025
Solana Futures Launch at CME Boosts Price Amid High Demand
General News

Solana Futures Launch at CME Boosts Price Amid High Demand

February 28, 2025
Next Post
Sparklo finance top 100 cryptocurrency

Sparklo (SPRK) Positioned to Take Over the Crypto Market as ApeCoin (APE) And The Graph (GRT) Coin Prices Plummet

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Bitcoin Halving Update: Bitwise CEO's $100k Price Projection Sparks Excitement

    Why the Bitcoin Halving Is Happening Sooner Than Anticipated

    241 shares
    Share 96 Tweet 60
  • MetaMask Ethereum Wallet Expands Support for Both Bitcoin and Solana

    199 shares
    Share 80 Tweet 50
  • March 2025 Polymarket Bets Boom for Bitcoin, XRP, ETH, AI, and DOGE – The Future of Cryptocurrency Trading!

    197 shares
    Share 79 Tweet 49
  • Dogecoin Price Forecast: When Will the Much-Awaited DOGE Bull Run Begin?

    194 shares
    Share 78 Tweet 49
  • Sparklo (SPRK): Redefining The Alternative Investment Industry

    204 shares
    Share 82 Tweet 51
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2024 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2024 CryptoMufasa - All Rights Reserved!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Don’t Miss Out on the Best in Crypto!

Stay ahead with a weekly digest of the top news and insights—no spam, no ads, just the essential updates delivered straight to your inbox. Subscribe now for valuable content you can trust!

johnsmith@example.com
subscribe to email

Never see this message again.