I have longed Bitcoin from $85,750. I'll tell you guys about this. And my main reason for longing was that Bitcoin was forming a descending broadening wedge channel pattern in the daily time frame, which is bullish and it has broken out on the upside, So, that means a little bit of consolidation, then a breakout.
If I look at the Bitcoin chart, Bitcoin had also formed a cup and handle pattern in the weekly time frame, after which Bitcoin has to pump 342%. If I calculate that, it comes out to be around $312,000, okay. But, Bitcoin hasn't pumped to that range yet. And if we calculate from where the support for the #BTC , Bitcoin is moving in an ascending broadening wedge channel pattern from there. And according to me and according to the chart that Bitcoin is making, So, Bitcoin is currently at the support of the ascending broadening wedge channel pattern. And taking support, it is trying to take a good bounce upwards. And we are also getting support of the 100 EMA in the same time frame. So, that means Bitcoin will move on the upside. Until the ascending broadening wedge channel pattern and our 100 EMA don't break down on the downside, I am not bearish on Bitcoin. And I hope Bitcoin will very soon be around $165,000. According to this, if I look at the USDT dominance chart, USDT dominance has not received a breakout of 4.60%. That means it is getting rejected from the 4-year resistance. And Bitcoin dominance is also bearish. So, that means altseason is also about to happen. It's more likely it will be the bottom of this local correction, and we may see an ALL TIME HIGH from here.📈 NO EMOTIONS JUST CHART ♾ By @AxperCryptoFree
In today’s blockchain landscape, Polkadot stands out as a platform known for its ability to connect different blockchain networks. The primary aim of Polkadot is to provide interoperability and scalability so that different blockchains can communicate and share data and assets seamlessly.
Technology and Architecture
One of Polkadot’s key features is its parachain architecture. This means that Polkadot connects multiple independent chains (parachains) to a central relay chain. This setup allows different blockchains to share information and assets, making Polkadot not only flexible but also a great platform for new projects to launch their own chains easily.
Utility and Use Cases
Polkadot is being utilized in a variety of projects that aim to bring different blockchains together on a single platform. Its developer ecosystem is growing rapidly, making it an attractive choice for many.
Market Performance and Future Prospects
From a market perspective, Polkadot has caught the attention of investors due to its market cap and price trends. Its future roadmap includes upcoming upgrades and parachain slot auctions, which are expected to further strengthen its position in the blockchain ecosystem.
Can Polkadot play a role in future institutional blockchain systems like NASDAQ?
While there is no official adoption today, Polkadot’s interoperability-first design and custom-chain (parachain) align well with the needs of large institutions exploring blockchain infrastructure. As traditional finance looks toward scalable and connected systems, DOT remains a project worth watching.
Conclusion
In conclusion, Polkadot is a project that is setting a new standard for interoperability and scalability in the blockchain world. By focusing on these aspects, you can provide your readers with a comprehensive and balanced overview of Polkadot.
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Bitcoin Dominance previously formed a rising wedge pattern, which we captured, along with the drop in Bitcoin dominance.At the same time, we captured the pump in altcoins, a roughly 20-30%, sometimes even 40-50% upside rally in altcoins. Currently, if I look at it, Bitcoin Dominance Forming to form a bearish flag pattern and we have already reclaimed the support of the bearish flag pattern, Now we need to see the drop from the rising wedge pattern in the 4-hour chart and whether it gets rejected from its Resistance line or from the 50 EMA. If we get that rejection and it breaks down from the support line, which was the support of our bearish flag pattern, then we will see a mega pump in altcoins. Otherwise, Bitcoin dominance can go to the upper range of 62.32%, to the resistance line, and get rejected from there. In that timeframe, we might see a bad dump in altcoins, and because of this, we might see 5.55% in Others.D as well.
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