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The reverse tabletop exercise helps relieve tight shoulders, build upper body flexibility, and strengthen the lower back, hips and glutes. Here’s how to do it, and the benefits.

An analyst who accurately called Bitcoin’s pre-halving pullback this year is mapping out what he believes could be the most bearish price path for BTC.

In a video update, pseudonymous analyst Rekt Capital tells his 86,100 YouTube subscribers that Bitcoin historically goes through a four-year cycle based on the halving – when BTC miner rewards get slashed in half.

Looking closer, Rekt says Bitcoin had to deal with a “three-year resistance” level in every four-year cycle – dating back to as early as 2013.

According to the analyst, Bitcoin had to breach its three-year resistance at around $700 in 2017 and $13,856 during the 2021 cycle before printing a market top.

For this cycle, Rekt says the three-year resistance level stood at $46,000, which BTC has already taken out.

But the trader notes that Bitcoin may revisit the area to retest it as support before sparking the next leg up.

“If we look at the dynamics of how this transition occurs, candle four tends to set up potential retests of this three-year resistance into new support to propel price to new all-time highs and beyond…

If we focus on candle four and the halving year candle, there is always scope for the retest during the year of that three-year resistance, from resistance into new support… And it looks like there is potential scope for a retest of this level into new support. That would mean that we need to drop into $46,000 for that retest. That would mean that we need to drop 19% this month.” 

Source: RektCapital/YouTube

While the trader thinks that a drop to BTC $46,000 this month is within the realm of possibility, he highlights that it is a low-probability event given that Bitcoin is in a halving year, and not in a bear market.

At time of writing, Bitcoin is trading at $54,197, up slightly on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Trader Who Nailed Pre-Halving Bitcoin Correction Outlines Worst-Case Scenario for BTC– Here’s His Forecast appeared first on The Daily Hodl.

Do you find that certain TV shows are too dark to see? You’re not alone. Here’s what can be done about it.

Just got a new Chromebook? Here are some tips on which apps you should install right away and how, from someone who’s unboxed hundreds of new ChromeOS machines.

The post Is Crypto Doomed or Ready For a Comeback? Legendary Crypto Analyst Weighs In appeared first on Coinpedia Fintech News

The mood in the crypto world is dull, with the total crypto market cap plunging nearly 30% from its peak of $2.89 trillion in March 2024, when Bitcoin hit a new all-time high. Meanwhile, it is currently down to $1.93 trillion, leaving many investors feeling disheartened and fearing the worst.

But don’t lose hope just yet, Lark Davis, a well-known crypto analyst, has some key facts that could signal a potential rebound for the crypto world.

The Current Market Downturn

Since Bitcoin reached its all-time high of $74K in March, it’s been a rough ride. The price has dropped nearly 25% to $54,320, and many altcoins have plummeted by 80-90%. 

Even, Ethereum, which was once a star performer, has fallen behind even traditional assets like bonds this year. This disappointing performance has left investors feeling frustrated.

Meanwhile, the hype around memecoins and platforms like Pump.fun has led to significant losses. While Pump.fun made millions in fees, its meme coins quickly became worthless. 

Many new projects launched and NFTs that excited investors have also failed to deliver, resulting in a significant loss. Overall, the crypto market is facing major setbacks, with excitement failing to turn into lasting success.

Fundamental Strength Amidst Bearish Trends

Despite the current bearish sentiment, Davis highlights that the fundamental aspects of the crypto industry remain strong. However, the On-chain activity is at an all-time high, and there are significant advancements in adoption, regulation, and infrastructure. 

The crypto market is bleeding hard.

Is the bull market over?

Should we sell everything and run for the hills?

Find out in my latest video. https://t.co/8qhr20KmL0

— Lark Davis (@TheCryptoLark) September 7, 2024

This indicates that the gap between market prices and real growth shows that the current drop might not show the true potential of the crypto world.

Current Market Challenges

Furthermore, Davis acknowledges the current difficulties, including worries about a potential recession, geopolitical issues, and economic uncertainties. However, he encourages investors to adopt a long-term perspective. Historical trends show that markets tend to recover from downturns, and Bitcoin has proven resilient over time.

For example, even if you had bought Bitcoin at its peak in 2021 and continued investing regularly, you would still see significant gains today. This highlights the importance of patience and steady investment.

Looking Ahead?

While the current market conditions are challenging, Davis remains optimistic about the future. He points to upcoming potential catalysts, such as the post-halving market cycle and potential regulatory changes, which could positively impact the crypto space

These are five of the best thriller shows that you can stream on Prime Video right now.

If you want to protect your lush lawn from flooding this season, follow these top expert tips for healthier grass.

Learn how to use the 5-4-3-2-1 grounding technique to ease anxiety at night and help you get a better night’s sleep

The reverse tabletop exercise helps relieve tight shoulders, build upper body flexibility, and strengthen the lower back, hips and glutes. Here’s how to do it, and the benefits.

An analyst who accurately called Bitcoin’s pre-halving pullback this year is mapping out what he believes could be the most bearish price path for BTC.

In a video update, pseudonymous analyst Rekt Capital tells his 86,100 YouTube subscribers that Bitcoin historically goes through a four-year cycle based on the halving – when BTC miner rewards get slashed in half.

Looking closer, Rekt says Bitcoin had to deal with a “three-year resistance” level in every four-year cycle – dating back to as early as 2013.

According to the analyst, Bitcoin had to breach its three-year resistance at around $700 in 2017 and $13,856 during the 2021 cycle before printing a market top.

For this cycle, Rekt says the three-year resistance level stood at $46,000, which BTC has already taken out.

But the trader notes that Bitcoin may revisit the area to retest it as support before sparking the next leg up.

“If we look at the dynamics of how this transition occurs, candle four tends to set up potential retests of this three-year resistance into new support to propel price to new all-time highs and beyond…

If we focus on candle four and the halving year candle, there is always scope for the retest during the year of that three-year resistance, from resistance into new support… And it looks like there is potential scope for a retest of this level into new support. That would mean that we need to drop into $46,000 for that retest. That would mean that we need to drop 19% this month.” 

Source: RektCapital/YouTube

While the trader thinks that a drop to BTC $46,000 this month is within the realm of possibility, he highlights that it is a low-probability event given that Bitcoin is in a halving year, and not in a bear market.

At time of writing, Bitcoin is trading at $54,197, up slightly on the day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on X, Facebook and Telegram



Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Trader Who Nailed Pre-Halving Bitcoin Correction Outlines Worst-Case Scenario for BTC– Here’s His Forecast appeared first on The Daily Hodl.

Do you find that certain TV shows are too dark to see? You’re not alone. Here’s what can be done about it.

Just got a new Chromebook? Here are some tips on which apps you should install right away and how, from someone who’s unboxed hundreds of new ChromeOS machines.

The post Is Crypto Doomed or Ready For a Comeback? Legendary Crypto Analyst Weighs In appeared first on Coinpedia Fintech News

The mood in the crypto world is dull, with the total crypto market cap plunging nearly 30% from its peak of $2.89 trillion in March 2024, when Bitcoin hit a new all-time high. Meanwhile, it is currently down to $1.93 trillion, leaving many investors feeling disheartened and fearing the worst.

But don’t lose hope just yet, Lark Davis, a well-known crypto analyst, has some key facts that could signal a potential rebound for the crypto world.

The Current Market Downturn

Since Bitcoin reached its all-time high of $74K in March, it’s been a rough ride. The price has dropped nearly 25% to $54,320, and many altcoins have plummeted by 80-90%. 

Even, Ethereum, which was once a star performer, has fallen behind even traditional assets like bonds this year. This disappointing performance has left investors feeling frustrated.

Meanwhile, the hype around memecoins and platforms like Pump.fun has led to significant losses. While Pump.fun made millions in fees, its meme coins quickly became worthless. 

Many new projects launched and NFTs that excited investors have also failed to deliver, resulting in a significant loss. Overall, the crypto market is facing major setbacks, with excitement failing to turn into lasting success.

Fundamental Strength Amidst Bearish Trends

Despite the current bearish sentiment, Davis highlights that the fundamental aspects of the crypto industry remain strong. However, the On-chain activity is at an all-time high, and there are significant advancements in adoption, regulation, and infrastructure. 

The crypto market is bleeding hard.

Is the bull market over?

Should we sell everything and run for the hills?

Find out in my latest video. https://t.co/8qhr20KmL0

— Lark Davis (@TheCryptoLark) September 7, 2024

This indicates that the gap between market prices and real growth shows that the current drop might not show the true potential of the crypto world.

Current Market Challenges

Furthermore, Davis acknowledges the current difficulties, including worries about a potential recession, geopolitical issues, and economic uncertainties. However, he encourages investors to adopt a long-term perspective. Historical trends show that markets tend to recover from downturns, and Bitcoin has proven resilient over time.

For example, even if you had bought Bitcoin at its peak in 2021 and continued investing regularly, you would still see significant gains today. This highlights the importance of patience and steady investment.

Looking Ahead?

While the current market conditions are challenging, Davis remains optimistic about the future. He points to upcoming potential catalysts, such as the post-halving market cycle and potential regulatory changes, which could positively impact the crypto space

These are five of the best thriller shows that you can stream on Prime Video right now.

If you want to protect your lush lawn from flooding this season, follow these top expert tips for healthier grass.

Learn how to use the 5-4-3-2-1 grounding technique to ease anxiety at night and help you get a better night’s sleep

The reverse tabletop exercise helps relieve tight shoulders, build upper body flexibility, and strengthen the lower back, hips and glutes. Here’s how to do it, and the benefits.

An analyst who accurately called Bitcoin’s pre-halving pullback this year is mapping out what he believes could be the most bearish price path for BTC.

In a video update, pseudonymous analyst Rekt Capital tells his 86,100 YouTube subscribers that Bitcoin historically goes through a four-year cycle based on the halving – when BTC miner rewards get slashed in half.

Looking closer, Rekt says Bitcoin had to deal with a “three-year resistance” level in every four-year cycle – dating back to as early as 2013.

According to the analyst, Bitcoin had to breach its three-year resistance at around $700 in 2017 and $13,856 during the 2021 cycle before printing a market top.

For this cycle, Rekt says the three-year resistance level stood at $46,000, which BTC has already taken out.

But the trader notes that Bitcoin may revisit the area to retest it as support before sparking the next leg up.

“If we look at the dynamics of how this transition occurs, candle four tends to set up potential retests of this three-year resistance into new support to propel price to new all-time highs and beyond…

If we focus on candle four and the halving year candle, there is always scope for the retest during the year of that three-year resistance, from resistance into new support… And it looks like there is potential scope for a retest of this level into new support. That would mean that we need to drop into $46,000 for that retest. That would mean that we need to drop 19% this month.” 

Source: RektCapital/YouTube

While the trader thinks that a drop to BTC $46,000 this month is within the realm of possibility, he highlights that it is a low-probability event given that Bitcoin is in a halving year, and not in a bear market.

At time of writing, Bitcoin is trading at $54,197, up slightly on the day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on X, Facebook and Telegram



Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

The post Trader Who Nailed Pre-Halving Bitcoin Correction Outlines Worst-Case Scenario for BTC– Here’s His Forecast appeared first on The Daily Hodl.

Do you find that certain TV shows are too dark to see? You’re not alone. Here’s what can be done about it.

Just got a new Chromebook? Here are some tips on which apps you should install right away and how, from someone who’s unboxed hundreds of new ChromeOS machines.

The post Is Crypto Doomed or Ready For a Comeback? Legendary Crypto Analyst Weighs In appeared first on Coinpedia Fintech News

The mood in the crypto world is dull, with the total crypto market cap plunging nearly 30% from its peak of $2.89 trillion in March 2024, when Bitcoin hit a new all-time high. Meanwhile, it is currently down to $1.93 trillion, leaving many investors feeling disheartened and fearing the worst.

But don’t lose hope just yet, Lark Davis, a well-known crypto analyst, has some key facts that could signal a potential rebound for the crypto world.

The Current Market Downturn

Since Bitcoin reached its all-time high of $74K in March, it’s been a rough ride. The price has dropped nearly 25% to $54,320, and many altcoins have plummeted by 80-90%. 

Even, Ethereum, which was once a star performer, has fallen behind even traditional assets like bonds this year. This disappointing performance has left investors feeling frustrated.

Meanwhile, the hype around memecoins and platforms like Pump.fun has led to significant losses. While Pump.fun made millions in fees, its meme coins quickly became worthless. 

Many new projects launched and NFTs that excited investors have also failed to deliver, resulting in a significant loss. Overall, the crypto market is facing major setbacks, with excitement failing to turn into lasting success.

Fundamental Strength Amidst Bearish Trends

Despite the current bearish sentiment, Davis highlights that the fundamental aspects of the crypto industry remain strong. However, the On-chain activity is at an all-time high, and there are significant advancements in adoption, regulation, and infrastructure. 

The crypto market is bleeding hard.

Is the bull market over?

Should we sell everything and run for the hills?

Find out in my latest video. https://t.co/8qhr20KmL0

— Lark Davis (@TheCryptoLark) September 7, 2024

This indicates that the gap between market prices and real growth shows that the current drop might not show the true potential of the crypto world.

Current Market Challenges

Furthermore, Davis acknowledges the current difficulties, including worries about a potential recession, geopolitical issues, and economic uncertainties. However, he encourages investors to adopt a long-term perspective. Historical trends show that markets tend to recover from downturns, and Bitcoin has proven resilient over time.

For example, even if you had bought Bitcoin at its peak in 2021 and continued investing regularly, you would still see significant gains today. This highlights the importance of patience and steady investment.

Looking Ahead?

While the current market conditions are challenging, Davis remains optimistic about the future. He points to upcoming potential catalysts, such as the post-halving market cycle and potential regulatory changes, which could positively impact the crypto space

These are five of the best thriller shows that you can stream on Prime Video right now.

If you want to protect your lush lawn from flooding this season, follow these top expert tips for healthier grass.

Learn how to use the 5-4-3-2-1 grounding technique to ease anxiety at night and help you get a better night’s sleep

Disney reported a $47 million operating profit in its direct-to-consumer (DTC) segment in its fiscal third quarter 2024. The profit comes one quarter earlier than Disney had forecast. The $47 million profit reverses a $517 million loss in the year ago quarter.

While the optics of the profit are indeed positive, in this week’s podcast Colin and I do a deep dive into the profit’s true quality and sustainability. Doing so reveals a fragile picture. First, there are issues about how much of Disney+’s recent subscriber gains are in fact due to the Charter deal, which by some accounts hasn’t been terribly successful in driving active subscribers. Meanwhile, Hulu’s been moving sideways for a while, and there’s no longer transparency about ESPN+’s subscriber count.

Another issue is Disney+’s falling average monthly revenue per paid subscriber which declined further in Q3. It’s noteworthy because Disney’s CFO ascribed it partially to Disney+’s lower-priced ad tier. Yet Hulu actually reported higher average monthly revenue per paid subscriber due to higher ad revenue. So there are some contradictory signals.

Meanwhile, Disney’s aggressive bundling, at deep discounts, may bode well as a longer-term churn-buster, but will almost certainly pressure near-term DTC profitability. Then there’s Disney+’s price increase, which will kick in soon, concurrent with a broad rollout on limiting password sharing. This double whammy is likely to lead to some subscriber losses.

From analyzing the the Q3 financial statement, it’s clear Disney+ and Hulu were still unprofitable in the quarter. It was actually ESPN+ that turned the DTC segment green. But as I detail, further analysis reveals an unusual jump in ESPN+’s quarterly profit level and profit margin vs. a year ago, suggesting Disney may have done a one-time reallocation of expenses from ESPN+ to ESPN that cannot be replicated in future quarters. Speaking of one-time events, Disney may still owe Comcast another $5 billion for the Hulu buyout (it’s not clear if that would hit the DTC line or another).

Finally, and at the risk of piling on, just over the horizon in fiscal ’25 loom big payments for Disney to the NBA for its new rights deal and an earnings drag as the new Venu Sports JV (potentially) ramps up. Note, an early Venu write-off is equally likely.

Add it all up and it’s clear to us that the quality and sustainability of Disney’s first quarterly DTC profit are quite fragile.

Listen to the podcast to learn more (35 minutes, 26 seconds)

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The post Ripple CLO: Here’s When Ripple Will Pay $125 Million Fine To SEC appeared first on Coinpedia Fintech News

Ripple’s long legal fight with the U.S. Securities and Exchange Commission (SEC) is over, with the court ordering Ripple to pay a $125 million fine. This is a big win for Ripple and an important moment for cryptocurrency. Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, said in a recent interview that the company will pay the fine within….

Ripple Will Pay $125 Mln 

On 8th August, Judge Torres issued a pivotal ruling in Ripple’s XRP case against the SEC.  While the judge agreed that Ripple’s institutional sales of XRP, dating back to 2015, violated securities laws, but it also rejected the SEC’s demand for a $2 billion penalty. 

Instead, Ripple will pay a $125 million fine. Although the ruling also points out that XRP itself does not qualify as a security, a crucial clarification for the broader crypto market.

BREAKING: Published in Business Features 6 August, 2024 by The bizandtech.net Newswire Staff Comments Off on Google declared a monopoly: industry reactions and implications

Google declared a monopoly: industry reactions and implications