BlockMason VS Bitcoin upcoming scenarios

Viktor Karapetjanc Crypto Post

Since the beginning of May, when BlockMason Credit Protocol rejected the resistance at 6900 satoshis, it has lost over 46% to the Bitcoin. Currently BCPT/BTC is trading at 3860 satoshis, and this is 161.8% Fibonacci retracement applied to the corrective wave up after the ascending channel breakout.

Today price reached this support level and seem reject it, while starting to move slightly upwards. The current Fib support should play a key role in further price development and while it continues to be respected by the market, trend reversal is likely to take place.

On the other hand, daily break and close below 3860 sats should trigger yet another wave down, that should result in the decline towards next Fibonacci support level, that is 2600 satoshis.

Author

Viktor Karapetjanc

Crypto Post

Viktor is a Chief Editor, veteran currency trader. He started his trading career in 2001 when he began to study Forex and Binary options trading techniques. Not long after he became a trading systems engineer and algorithmic trading guru.

Official Trump price approaches breakout with mixed signals from traders

Official Trump (TRUMP) is trading at $3.50 at the time of writing, approaching its upper consolidation range. A breakout from this range could open the door for an upside move. On-chain data shows market indecision, with balanced flows between bulls and bears, signaling a lack of clear directional bias.