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Bitcoin (BTC) Price Needs To Hold $18,000 At All Means, Why So?

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Bitcoin (Btc) Price Needs To Hold $18,000 At All Means, Why So?
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Bitcoin (BTC) price has had turbulent times against tether (USDT) as more pain increases for bulls. Despite showing so much strength, the price of Bitcoin (BTC) bounced off from $19,000 in the past weeks to a region of $25,000 as many hoped for more relief to rally to a region of $30,000. The price of BTC faced rejection and has continued to fall with no sign of bears giving up. (Data from Binance)

Bitcoin (BTC) Price Analysis On The Weekly Chart 

Weekly BTC Price Chart | Source: BTCUSDT On Tradingview.com

BTC saw a decline in its price from $69,000 to around $18,500, with an over 70% drop from its all-time high. The price of BTC bounced off after touching a weekly low of $19,000, and the price rallied to $25,000, showing some great strength as many set prices and expectations for a rally back to $30,000, but the price was faced with rejection.

The price of BTC on the weekly chart formed a downtrend line as the price continued to respect this resistance line bouncing off to maintain its bearish run. Still, the price of BTC could not break this trendline after a while, with the price being rejected from the trendline resistance.

BTC’s price is trading above the key support of $18,000; the price of BTC needs to hold above this support to avoid the price going lower to $16,000-$15,000. With the price of BTC holding this support, we could have the chance of trading higher to a region of $20,000. A break below $18,000 would mean retesting lower demand zones and reluctance for bulls to step into buy orders as there would be more agitation for lower prices. 

For BTC’s price to restore its bullish move, the price needs to break and hold above the trendline resistance preventing the price of BTC from trending higher. If the price of BTC keeps rejecting the trendline resistance, we could see the price going lower as there are more sell orders than buy orders. 

Weekly resistance for the price of BTC – $21,000.

Weekly support for the price of BTC – $18,000.

Price Analysis Of BTC On The Daily (1D) Chart

1663582073 973 Bitcoin Btc Price Needs To Hold 18000 At All Means
Daily BTC Price Chart | Source: BTCUSDT On Tradingview.com

The daily timeframe for BTC prices continues to weaken as prices break to the downside, finding prices in the daily range of June 2022, with prices ranging in a channel having $20,700 as resistance and $18,400 as support.

The price of BTC needs to break out of this range channel with good volume as this will restore a bit of hope and relief for most investors. A break and close below $18,000 would not be good for the structure of BTC as the price would be faced with more sell orders and panic. If the price of BTC breaks and closes above $20,700, we could have a minor relief bounce across the market.

On the daily timeframe, the price of BTC is currently trading at $18,400 below the 50 and 200 Exponential Moving Average (EMA), acting as resistance for BTC price. The price of $21,000 and $28,000 corresponds to the resistance at 50 and 200 EMA for the price of BTC.

Daily resistance for the BTC price – $21,000.

Daily support for the BTC price – $18,000.

Featured Image From zipmex, Charts From Tradingview

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AppLovin Launches First NFT Marketplace for App Developers to Monetize Mobile Gaming

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Applovin Launches First Nft Marketplace For App Developers To Monetize Mobile Gaming
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PALO ALTO, Calif.–(BUSINESS WIRE)–AppLovin (NASDAQ: APP), the leading growth platform for developers, today announced its first NFT marketplace to launch in app stores through its subsidiary, OpenVessel Technologies, LLC. Vessel, which is currently live in Apple and Google Play app stores, enables mobile game developers to easily integrate non-fungible tokens (NFTs) into games to drive engagement and revenue.

“Vessel represents the next evolution in mobile game monetization, giving developers a new opportunity to monetize apps and drive meaningful engagement and growth,” said Rafael Vivas, AppLovin’s General Manager of New Initiatives. “The marketplace is live, and our engagement data shows that consumers are more than ready to take part in new ways to play and earn. By combining the consumer demand of NFT creation and purchasing with the high engagement levels associated with gaming, Vessel is showing strong potential as a new monetization stream for mobile games.”

An all-in-one marketplace and wallet, Vessel makes it easy for consumers to gain access to customized NFTs. Developers can allow users to securely buy, sell, and trade their NFTs and convert their earnings into cash. Vessel has cleared both the Apple and Google Play store reviews, meeting both app stores’ stringent guidelines.

Vessel is finding strong early interest with dozens of developers actively integrating the marketplace into their games to drive additional revenue. Using Vessel, Lion Studios integrated a NFT in-game event into its Match 3D game and saw strong engagement and meaningful average revenue per daily active user (ARPDAU) increases.

“NFTs have always had the potential to become a powerful tool for developers; all we had to do was simplify the idea so that our customers could understand the benefit,” said Randal York, Product Manager for Lion Studios who spearheaded the NFT integration for Match 3D. “Vessel gave us that ability and our audience embraced it. It was amazing to see a significant increase for in-app purchases for our NFT event compared to previous events.”

About AppLovin

AppLovin enables developers to grow their business. Businesses rely on AppLovin’s market-leading technologies to solve their mission-critical functions with a powerful, full stack solution including user acquisition, monetization and measurement. AppLovin is headquartered in Palo Alto, California with several offices globally.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or AppLovin’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “can,” “may,” “will,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “potential,” or “continue,” or the negative of these words or other similar terms or expressions that concern AppLovin’s expectations, strategy, plans, or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding AppLovin’s launch and expectations for its NFT marketplace, Vessel, including how consumers and developers might use the marketplace. AppLovin’s expectations and beliefs regarding these matters may not materialize, and actual results are subject to risks and uncertainties, including changes in AppLovin’s plans or assumptions, that could cause actual results to differ materially from those projected or expected. These risks include changes in the overall economic and industry conditions; AppLovin’s ability to attract new clients or adoption of its new initiative Vessel; AppLovin’s ability to enhance its technology and platform; and changes in the laws, regulatory landscape or app store rules related to NFTs. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in AppLovin’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2022. The forward-looking statements in this press release are based on information available to AppLovin as of the date hereof, and AppLovin disclaims any obligation to update any forward-looking statements, except as required by law.

Source: AppLovin Corp.

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[email protected]

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Open Community Aggregation Game Platform HAM Launches Web3.0 Developer Aggregation Tool

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Open Community Aggregation Game Platform Ham Launches Web3.0 Developer Aggregation Tool
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OTTAWA, Ontario–(BUSINESS WIRE)–HAM, a Web3.0 blockchain game aggregation platform led by Canadian blockchain company INS LABS, recently announced that they would launch a developer ecology aggregation tool, allowing developers to freely customize the blockchain game ecology, and players to put forward their own needs to make NFT elements such as equipment, characters, scenes, etc. Meanwhile, HAM also supports existing game ecologies, such as RPG, APRG, SIM EDU, SRPG, building a metaverse platform with a win-win situation for the platform, developers and players, and is committed to building the first scene of the virtual world of the metaverse.

Meanwhile, MIR LIST, the first GameFi project of HAM, will launch on HAM platform on 4th, October, opening the win-win ecology of HAM and MIR LIST

At present, HAM has launched a metaverse ecosystem integrating functions of game library, launchpad, NFT MarketPlace and Swap, combined with Web3.0 marketing tools and embedded new social elements to link players directly with projects, relying on HAM’s huge user traffic pool to empower game ecology.

HAM abandoned the traditional centralized governance model and introduced DAO community autonomy, returning the ownership of the HAM platform back to the community. Only one week after the official launch of HAM, its players have spread across 30 countries, including the UK, France, Russia, and Japan, radiating 200,000 users worldwide.

In the design of the token economy, HAM has launched the platform’s only token HAM, 100% all returned to the market. As the core medium of the HAM ecosystem, it participates in transactions such as NFT, Swap, voting, and in the exchange of game assets with digital assets. At the same time, HAM deploys the first Direct Acyclic Graph (DAG) based minable Mainnet coin XDAG as a special award, forming a unique P2E model that enables seamless exchange of assets between the HAM gaming platform and other cryptocurrencies in other blockchains.

HAM helps users transition from the Web2.0 era to the Web3.0 era, creating the underlying infrastructure of the Web3.0 gaming ecosystem. In the future, HAM will link the game ecology and metaverse scene, allowing game assets to get infinite possible development, returning the value of community rewards and data assets to the users, and building a metaverse game platform that accommodates millions of users.

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Company: HAM

Contact Person: John Liu

Email: [email protected]
Website: http://hamgame.world
Address: Ottawa, Canada

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Whale Alert: 150 Billion Shiba Inu (SHIB) Bought by Anon Whale

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Whale Alert: 150 Billion Shiba Inu (Shib) Bought By Anon Whale
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